Profile
Xtrade is a global CFD and forex broker offering access to multiple asset classes through a proprietary web and mobile platform. Operated by different entities depending on jurisdiction, Xtrade combines retail-friendly trading conditions with wide market coverage. This Xtrade review evaluates its regulation, execution model, platform capabilities, account features, and client protections across its international offerings.
Regulation and Security
Xtrade operates under several regional entities:
- Xtrade International Ltd – Regulated by the International Financial Services Commission (IFSC) of Belize, Licence No. IFSC/60/383/TS/19
- Xtrade Australia Pty Ltd – Regulated by ASIC, AFSL No. 343628
- Xtrade Ltd – Regulated by CySEC, Licence No. 108/10
Depending on jurisdiction, client protections vary. European and Australian clients receive negative balance protection, segregated funds, and investor compensation schemes. Offshore clients under IFSC regulation have fewer safeguards.
Execution Model
Xtrade uses a Market Maker model with internal order execution. While this introduces potential conflicts of interest, the broker adheres to local regulations requiring best execution practices. Orders are executed via the proprietary platform using variable spreads and fixed commissions depending on the instrument.
Trading Platforms
Xtrade provides a proprietary web-based platform and mobile app for iOS and Android. Key features include:
- Real-time quotes and charting with drawing tools
- In-platform economic calendar and market sentiment tools
- One-click execution and trade management
- In-app document verification and support
Xtrade does not offer MT4, MT5, or any third-party terminals. The platform suits beginners but lacks advanced tools for professionals.
Supported Markets
Xtrade offers CFD trading on over 1,000 instruments across 6 asset classes:
- Forex – 50+ major, minor, and exotic pairs
- Indices – Global benchmarks including NASDAQ, FTSE, DAX
- Commodities – Gold, silver, oil, natural gas, agricultural goods
- Shares – US, UK, EU, and Australian equity CFDs
- ETFs – Major ETF CFDs across sectors and regions
- Cryptocurrencies – BTC, ETH, XRP, LTC, BCH and others (available in select jurisdictions)
All instruments are traded as CFDs and are cash-settled with leverage.
Account Types and Trading Conditions
Xtrade offers a single retail account structure with minor variations by region. Trading conditions include:
- Minimum deposit: $250 (may vary)
- Spreads: Floating, from 1.5 pips on major FX
- Leverage: Up to 1:30 in EU/AU, up to 1:400 offshore
- Commissions: Generally zero; some shares and cryptos incur fixed charges
- Islamic accounts: Available on request
There are no tiered accounts or professional client structures. Margin calls and stop-out levels are platform-enforced.
Retail and Institutional Features
Xtrade caters primarily to retail traders, offering education, responsive mobile UX, and multilingual support. Key features include:
- Free trading signals and daily market analysis
- Dedicated account managers
- Video tutorials and eBooks for beginners
There is no institutional offering—no FIX API, MAM accounts, or volume-based pricing for high-frequency or institutional traders.
Client Protection and Transparency
Client protections depend on jurisdiction. Under CySEC and ASIC, Xtrade offers:
- Segregated funds
- Negative balance protection
- Investor compensation (e.g. up to €20,000 in Cyprus)
Offshore clients under IFSC are covered by internal risk policies but do not benefit from statutory compensation schemes. All clients receive access to order logs and trade confirmations.
Base Currencies, Order Types, and API Access
Supported base currencies include USD, EUR, GBP, and AUD. The platform supports:
- Market, limit, and stop orders
- Stop-loss and take-profit management
Xtrade does not support trailing stops, OCO orders, or algorithmic trading. No public or institutional API access is offered.
Pros and Cons
- Pros:
- Multi-regulated broker with CySEC, ASIC, and IFSC licences
- Wide range of CFDs including forex, shares, cryptos
- Proprietary mobile and web trading platform
- Islamic accounts available
- Cons:
- Market maker model with internal execution
- No MT4, MT5, or algorithmic trading support
- Limited institutional tools and no FIX API
- Higher spreads than ECN/STP brokers
Frequently Asked Questions
Is Xtrade regulated?
Yes. Xtrade is regulated by CySEC (EU), ASIC (Australia), and IFSC (Belize), depending on your region.
What platform does Xtrade offer?
Xtrade offers a proprietary web and mobile platform. MT4 and MT5 are not available.
What assets can I trade with Xtrade?
Clients can trade forex, indices, commodities, shares, ETFs, and cryptocurrencies via CFDs.
Does Xtrade support Islamic accounts?
Yes. Islamic (swap-free) accounts are available upon request, subject to eligibility checks.
What is the minimum deposit for Xtrade?
The minimum deposit is generally $250, though it may vary by jurisdiction or promotion.
