XTrade Europe Ltd Forex Broker Review: For Newcomers & Experienced Traders

XTrade Europe Ltd is one of the prominent names in the Forex market. Many advantages XTrade Europe Ltd offers keep clients standing in line. XTrade Europe Ltd is suitable for both, beginners and experienced professionals.
Registration is very simple, and you could be a part of XTrade Europe Ltd in no time. Join the community and try to earn some extra cash from the comfort of your home. This is an XTrade Europe Ltd broker review which displays all that there is to know about the XTrade Europe Ltd Forex giant.

About the Company

xtrade-forex-broker-reviewXTrade Europe Ltd is a stable company that was established in 2003. The year-long experience is clearly an advantage not only for the company but the clients as well. Cyprus is the official seat of the company, and XTrade Europe Ltd underlie the regulation of CySEC.
It is already well-known that Cyprus has become one of the European focal Forex centers. Many companies from all over Europe either open branches or establish fully new companies in the tax haven.
Since Cyprus has become a part of the EU, CySEC has to abide by the same rules as any other EU-based broker regulator. The same applies to the broker companies.

XTrade Europe Ltd Trading Policy

The company has expanded to over 100 countries, which is a further indicator of their reliability. XTrade Europe Ltd offers more than 50 major and minor currency pairs.
The trading platform is in-house designed and resembles other trading platforms at first sight. This platform enables you to access tools, open positions or asset choices with one touch only. The personal and financial data are encrypted through advanced technological methods protecting your account from prying eyes. XTrade Europe Ltd likes to play safe, and their personally-developed platform proves that.
Being very dominant in Europe and Australia, the broker and their platform are unfortunately not available to US citizens.
The XTrade Europe Ltd platform is web-based and requires no download. Also, a XTrade Europe Ltd mobile app is available for free for all kinds of smartphone devices.
A platform with no accompanying mobile app would be impossible nowadays. People want to have access to their accounts at all times, and mobile trading can be even called a minor revolution in the market
The platform is flexible, and you can manually customize the parameters (e.g. Stop Loss option, Take Profit, Buy when Rate is, etc.).
XTrade Europe Ltd likes to keep it simple so they only have this carefully developed trading platform.
Recently many Forex brokers engaged in developing their own trading platforms which are equipped with some additional features that clients might like.

Account Types with XTrade Europe Ltd

XTrade Europe Ltd offers two types of regular accounts:

– Standard account with a minimum deposit of $100, leverage 1:400 *Remember that leverage can work both for you as well as against you and should be cautious when using it.
– Premium account with a minimum deposit of $1,000, leverage 1:400 *Remember that leverage can work both for you as well as against you and should be cautious when using it.

Of course, regular traders should use the Standard account, while the Premium account is for big investors who trade larger amounts.
As a renowned broker, the XTrade Europe Ltd company also offers a Demo account for those who need to take their first steps down the Forex road. It is convenient for getting to know the platform and how the features and the market work.

Banking Methods

Since money is a sensitive topic, it is always good to know in advance how payment works. This XTrade Europe Ltd review briefly explains what you need to know about available banking methods at XTrade Europe Ltd.
Let’s start with good news: there are no fees when you deposit or withdraw with XTrade Europe Ltd.
Withdrawing requests are processed smoothly:

  1. send a request,
  2. send documents displaying your address (like a utility bill, passport, etc.), and
  3. verify your account.

XTrade Europe Ltd will process your request in a day, and you can expect the money in your account in a few days.
Accepted banking methods by XTrade Europe Ltd are a wire transfer, credit cards, electronic system payments (Paypal, Neteller, WebMoney, etc.).
Many traders know that bank transfer is the least popular one. Even if your broker does not charge any fees, your bank probably will. The bank fees can be very high. It would be the best to check with your bank how they regulate fees.
Another thing is that bank transfers can take up to 7, sometimes even 10 days, and it is recommended to avoid them altogether, if possible.

XTrade Europe Ltd Customer Support

The customer support is as vital to the clients as the trading platform. They need to know that there is someone at the other end who can tell them what to do if they get stuck at some point. The XTrade Europe Ltd customer support is there around the clock, 24/5, available in the following languages: German, French, Arabic, Russian, and Portuguese.

Conclusion

This XTrade Europe Ltd Forex broker review was written for beginners to get the main idea about XTrade Europe Ltd as a broker, but it is also for experienced traders who would like to try a new broker to expand their horizon. Either way, you are welcome to XTrade Europe Ltd anytime.

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