Thinking of XTrade? “Must-Read” Pros & Cons of the Service

September 20, 2016

You should read this before start trading with XTrade.

Notification

We no longer promote XFR Financial Limited. The information on the website related to this brokerage firm may be outdated.

Thinking of XTrade? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

XTrade is regulated by several Financial Authorities including two major authorities which are ASIC in Australia and CySEC in Cyprus.

XTrade has been providing financial services since 2009. The broker has got a long history in the Forex industry.

With XTrade, you can trade more than 700 different CFDs online, which number is one of the largest in the world.

XTrade is an official sponsor of Cristiano Ronaldo.

A number of all-time Bonus Promotions are run by XTrade.

Cons

XTrade offers trading solution through its own “XTrade Online Trading Platform”, but not any major trading platforms used by others.

In terms of Forex tradings, the minimum fixed spread starts from 5 pips, which is very costly in case you are looking to trade only Forex currency pairs.

There are several trading methods that are prohibited on XTrade’s trading platform.

Is XTrade suited for you?

XTrade is suited for traders who want to invest funds into Stocks, Indices, Commodities(including Metals & Oils). XTrade offers all of the above financial instruments in a form of CFD, with even lower costs and higher leverage.

In case you are currently investing funds with some other agencies, you may want to take a look at the trading conditions of XTrade. Then you will find how “CFD Contract” is efficient and much reasonable choice for investors.

Although if you are planning to trade only Forex currency pairs, then XTrade may not be the best choice in this case, as the minimum spread is more 5 pips, and there are several trading restrictions.

If you are going to open an account with XTrade, let’s make sure to join promotions offered by them.

Free 123 USD

30 USD for Free

5 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

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