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XTrade is a leading broker in the market for CFD trading. CFD means Contracts for Differences. It is an agreement executed between the trader and the broker whereby the difference between the opening and closing price of a contract determines the profit or loss. Here the trader cannot directly send orders or positions with a liquidity provider, as the orders are filled by the broker. CFD products are all leveraged products which also entail high risk. However, the main advantage of CFD trading is that one can make high profits with less investment.
As such, for a beginner, careful choice of the broker is necessary to take the first steps in this highly volatile market. XTrade provides such an opportunity for both the experienced trader and the beginner in the game.
Advantages of trading with Xtrade
Regulation
True, that trading involves high risk, but operating under a secure regulatory environment provides some solace. Xtrade operates from Cyprus and is regulated by Cyprus Securities and Exchange Commission (CySec) as its primary regulatory authority. It has also been issued licenses by the regulatory authorities in other countries like Australia (ASIC), South Africa (FSB) and Belize (IFSC) for its operations.
The advantage of CySec regulation is that XTrade can carry out brokerage operation throughout the EU without obtaining any additional license. However, XFR Financial Ltd, the parent company of Xtrade is liable to adhere to the stringent regulatory requirements of the policies issued by all regulatory bodies of the EU and ECB. Heavy penalties are levied and legal actions are initiated for failure to comply with the European regulatory standards. Thus XTrade provides a safe trading environment to its clients by operating under CySec regulation.
The interesting aspect of CFD trading is the leverage. XTrade offers a leverage of up to 1:400, which helps the experienced investor make more profits with less money.
Peace of Mind
XTrade ensures that the investor’s funds deposited with XTrade are secure. The accounts of broker’s assets and investor’s funds are segregated and kept in two different accounts. This is of critical importance in CFD trading. These accounts are safeguarded by Credit Institutions and, in addition, XTrade also has a system of continuous monitoring of these funds.
To protect the investor from the liquidation or insolvency of the broker, CySec has an Investor Compensation Fund (ICF). An insurance cover of up to Euro 20,000 is provided along with other applicable regulatory guidelines to protect the investor against broker irregularities. As such, even if the broker goes broke, the investor’s losses are limited. Hence, an investor can feel safe while investing with the Xtrade platform.
Secured Transaction
XTrade has incorporated a sate-of-the-art security environment in its trading platform so that the transactions made by a trader are kept highly secure. All transactions are encrypted with the latest security measure using 256-bit SSL Bank Standard Secure Socket Layer. A True-Site identity assurance seal, AICPA Web Trust compliance, are other measures, which provide security in investing with XTrade.
Innovative trading Infrastructure
Liquidity, speed of trading and trading infrastructure are becoming key requirements of a broker due to rising demand by the investors. Moreover, some brokers focus on forex trading while some focus on commodity CFD trading. XTrade has come up with innovative solutions to cater for the diverse demands of all type of traders whether it is forex or commodity CFD trading.
A very important aspect of a trading platform is the tools that are offered. XTrade has developed its own platform by its proprietary technology. Therefore, it provides a bouquet of innovative trading tools so as to make investing easy, smart, well informed and more profitable. The online features offered are economic calendar, technical analysis, market review, real-time charts, push notifications etc.
The online XTrade trading platform is available in the desktop, mobile devices using iOS or android and tablets. As such, it facilitates trading on the go.
With XTrade, the investor has the opportunity to access the platform in 35 different languages including English. This multi-language platform allows the investor to trade in his/her native language.
A free Demo Account
Unless one is an experienced trader, it is very difficult to enter the super fast environment of CFD trading. XTrade provides a Demo account for the beginner, so that he/she can try out his hand before entering the tough real world of online trading. XTrade’s demo account is very useful as it uses a simulator where the investor can test without putting in real money and watch how the market reacts. Even an experienced investor can try out different strategies and make decisions with this demo before making actual investment. It can be used to investigate the market all over the world for all types of assets, be it stocks, forex, cryptos, commodities, indices etc. without taking a risk.
Competitive fees
XTrade does not charge a commission for each operation instead it charges buy-sell spreads. This is the practice followed by the top class brokers. Investors incur considerable cost where commissions are charged on each transaction. Buy-sell spreads are the cost of buy/sell transaction. The efficient and technically innovative trading platform of XTrade offers a low spread and is attractive to the investor.
XTrade’s basic trading platform requires a low minimum deposit of Euro 100 and it has a fixed spread.
Attractive Bonus
XTrade offers the smartest bonuses for the investors. There are three types of bonuses offered by XTrade, namely, the ‘no deposit bonus’, the conventional ‘first deposit bonus’ and the ‘First trade on us’ bonus. The ‘no deposit bonus’ can be availed by just opening an account with XTrade and verifying the email ID and the phone no. The conventional ‘first deposit bonus’ gives access to up to $6000 in bonuses. The investor can also take advantage of their ‘First Trade on Us’ offering, which allows first risk-free trade of up to $120.
Conclusion
XTrade has a vast client base all over the globe and its superior technology driven platform has assisted its clientele by generating expanding volume and providing high liquidity at competitive prices. After you have read this Xtrade review we are certain that you can see that Xtrade is possibly the best broker for you.
