Daily profits from trading can become a 2017 reality, whether you prefer CFDs for shares, indices, options or currency pairs (Forex), or options, if you are trading through a reliable broker or dealer.
Opening a free demo or practice account with your chosen dealer or broker is the usual way to begin trading online. This gives you the ‘feel’ without the risk.
Xtrade is a trading broker based in Limassol, Cyprus. Xtrade offers clients the chance to trade CFDs, or Contracts for Difference. A CFD is a tradable asset between a broker and a client to exchange the difference between an asset’s value at the time a contract is signed and its value when the contract expires. Assets on which CFDs are traded include stocks, currency pairs (forex), commodities, and stock indices.
CFDs are now among the most popular investment options for regular investors. To trade CFDs, all you need is a computer, the internet, and a good broker.
One such broker is Xtrade. Founded in 2009 in Limassol, Cyprus, Xtrade now offers its trading platform and services to clients from around the world. Xtrade is regularly quoted in the financial press, and has in recent years won key industry awards, including Best Customer Service and Best Mobile Trading Platform.
Xtrade’s Digital Platform: The Web Trader
Xtrade’s CFD trading platform, the Web Trader, is where clients at Xtrade trade CFDs on stocks, stock indices, commodities, currency pairs, and exchange traded funds (ETFs). For new traders, the Web Trader is the perfect place to start trading, featuring a simple design, plentiful charts and graphs, a chat function for 24/5 access to trading coaches, and tools for automated trading.
Xtrade has responded to the surge in mobile trading by revamping its mobile trading platform, which has been downloaded by over one million traders on Goggle Play. Prominent features on the mobile Web Trader include customizable charts for different mobile devices and push notifications for Stop Loss/Take Profit orders. The mobile Web Trader has won two important awards: Best Mobile Trading Platform at the 2015 China Expo and Best Mobile Trading Platform from industry watchdog A to Z Forex (see above).
Most important, the Web Trader is far easier to use than the MetaTrader 4. Unlike the MT4, it does not require prior knowledge of the trading markets; and unlike the MT4, it is clutter-free.
Xtrade’s Regulatory Status
Xtrade is a Cyprus-based European broker, meaning that it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the EU’s Markets in Financial Instruments Directive (MiFID). Other regulators include the Australian Securities and Investments Commission (ASIC) and South Africa’s Financial Services Board (FSB). These and other regulators ensure that at Xtrade, traders receive accurate trading quotes, margin notifications, and clearly worded risk disclaimers.
Depositing and Withdrawing Funds at Xtrade
Traders can fund their account via credit card, debit card, PayPal, and bank transfer. For a list of acceptable payment methods, click here. When a trader withdraws funds from his trading account, he does so using the same method with which he made his deposit: if, for example, he funded his account with a credit card, his funds will be sent to him via the same credit card. Since Xtrade is a regulated company, it protects traders from identity fraud by requiring all new traders to submit a photo ID.
Commissions & Leverage at Xtrade
Xtrade does not charge commissions—ever. Trading spreads are fixed, ensuring that all traders are on equal standing.
The minimum leverage at Xtrade is 1:50, the maximum 1:400. How much leverage a trader uses depends on his risk appetite. Xtrade offers new traders a practice account through which they are introduced, risk-free, to trading leverage.
Customer Support at Xtrade
Xtrade’s award-winning customer support centre offers service in over 40 languages. Customer support representatives, account managers, and personal trading coaches are available 24/5 via chat, phone, and email.
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