X-Trade Brokers Trustworthy is a CySEC-regulated forex and CFD broker based in Limassol, Cyprus, that offers traders access to trading instruments such as Forex, CFDs, indices, shares, and commodities.
The broker was established in 2003, has 15 offices worldwide, and is registered with over ten regulatory agencies, including Cyprus, the Philippines, Malaysia, and the United Arab Emirates. X-Trade Brokers does not offer services to residents of the United States, the United Kingdom, Canada, or a few other countries. Around 500 people work for X-Trade Brokers DM SA.
Is X-Trade Brokers a regulated entity?
Yes, X-Trade Brokers is regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and a few other agencies for its international services.
X-Trade Brokers International Ltd also follows the International Financial Services Commission’s (IFSC) global trading regulations.
Client funds are kept separate from the company’s, providing traders with monetary security because the company’s and clients’ assets are distinguished.
Client accounts are opened under the Investor Compensation Fund (ICF), which covers traders up to €20,000 in losses if the broker cannot pay out profits.
Is X-Trade Brokerage Regulated in the US?
No, neither Canada nor the United States regulates X-Trade Brokers.
Is X-Trade Brokerage Licensed in Europe?
The Cypress Securities and Exchange Commission regulates X-Trade Brokers throughout Europe (CySEC).
Does a Tier-1 jurisdiction govern X-Trade Brokers?
According to the X-Trade Brokers website, the company is governed by Tier-1 jurisdiction.
Tier-1 jurisdiction allows X-Trade Brokers to operate in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.
Does Tier-2 jurisdiction govern X-Trade Brokers?
According to official X-Trade Brokers sources, X-Trade Brokers is regulated under Tier-2 jurisdiction. Tier-2 jurisdiction authorizes X-Trade Brokers to conduct business in the following countries: the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.
What are the Forex Trading Platforms and Tools Available at X-Trade Brokers?
X-Trade Brokers provides traders with its proprietary web-based platform, which does not require downloading or installing. There is also a mobile version. The platform’s design is simple and effective, and it includes award-winning trading tools. The platform is available in 11 languages and includes 12 technical indicators, four chart styles, nine-time periods, and seventeen analysis tools. It also includes an economic calendar, a news feed, and a signals service.
Is there a Forex news blog at X-Trade Brokers?
Yes, X-Trade Brokers publishes a free news blog on its official website. This X-Trade Brokers official news blog offers up-to-date global financial news and daily analysis videos to help users analyze important market events that may affect their trades.
Is there a Traders Dashboard at X-Trade Brokers?
Yes, the X-Trade Brokers Traders Dashboard provides traders with an overview of current market events and updates on the latest currency market news.
Is there an educational section at X-Trade Brokers?
Yes, X-Trade Brokers has a Forex education section that includes video tutorials, courses, a glossary, and a blog. Potential traders can view the videos, read the eBooks, and use the glossary without becoming a member of X-Trade Brokers because all educational content is available for free on the company’s website.
Is X-Trade Brokers Trustworthy?
Yes, X-Trade Brokers is a reputable Forex broker and trading platform. X-Trade Brokers has legal certificates from CySEC and IFSC to provide Forex broker and trading services.
Is X-Trade Brokers Trustworthy?
X-Trade Brokers is a dependable and secure Forex trading platform in terms of regulation and safety protocols. The broker is regulated in the following global jurisdictions:
- In the cross-border European Economic Area, CySEC regulates X-Trade Brokers.
- International Financial Services Commission (IFSC) regulations for X-Trade brokers for global xtrade trading
Client funds are kept separate from the company’s, which means that the assets of the clients and the company are distinguished, providing traders with monetary security.
The Investor Compensation Fund (ICF) ensures all client accounts and can compensate traders up to €20,000 if the broker cannot pay out winnings.
Is X-Trade Brokers a Reliable Broker?
Yes, according to this review, X-Trade Brokers provides good broker services, is secure, offers online support, and allows you to trade with a variety of cryptocurrencies.
In terms of security, X-Trade Brokers employs 256-bit standard Secure Sockets Layer (SSL) encryptions provided by Comodo on all transactions and website traffic.
The broker employs several identity theft and credit card safeguards, and the website also employs True-Site identity assurance and adheres to AICPA WebTrust assurance standards.
Client transactions for X-Trade Brokers International Ltd are handled by Reituca Marketing Ltd, located at Stasinou & Ag. Elenis 2, 1060 Nicosia. Client funds are kept separate from the company’s, and their accounts are protected by the Investor Compensation Fund (ICF) if the broker fails.
In terms of online support, X-Trade Brokers’ customer support team is available 24 hours a day, 5 days a week via phone, email, a live chat option, and the broker has a solid social media presence. The website is available in 35 different languages, and live chat representatives are available in six different languages.