Founded in 2000 and headquartered in Melbourne, Australia, Xtrade is an online trading broker. Currently holds a full license from the Australian Securities and Investments Commission, a full license from the Cyprus Securities and Exchange Commission, and a retail foreign exchange license from the Belize Financial Services Commission.

Main Business

Xtrade provides investors with mainstream and stable financial trading tools on global financial marekt, including CFDs, indices, commodities, foreign exchange, stocks, ETFs, bonds, etc.

Leverage & Accounts

To meet the investment needs and investment strategies of different investors, the company has set up a total of four account types, namely Standard Account (minimum deposit of $250), Premium Account (minimum deposit of $1,000), Platinum Account (minimum deposit of $5,000), VIP Account (minimum deposit of $20,000). The maximum leverage for Forex major currency pairs is 1:400, the maximum leverage for minor currency pairs is 1:250, and the leverage for low-volume currency pairs is 1:100. The leverage for commodities is 1:50 to 1:200, the trading leverage for index products is 1:50 to 1:300, the trading leverage for stocks is 1:10, and the trading leverage for bonds is also 1:10. The trading leverage for ETF products is 1:10 to 1:50.

Spread & Commission Fees

Only spread fees are charged for trading on the Xtrade platform of foreign exchange dealers. The spread for major currency pairs of foreign exchange is 5 points for Europe and the United States, and 1 point for minor currency pairs. The spread for gold dollars is 6 points, the spread for silver is 3.6 points, and the spread for natural gas is 3.4 points. The Russell 2000 spread for index products is 6 points, and the spread for the US 500 is 3 points. Bond products have a minimum spread of 2.2 pips and ETF products have a minimum spread of 2.1 pips.

Trading Platform

Xtrade's trading platform, Xtrade WebTrader, is a browser-based web platform that makes it easier for traders to browse the best available market analysis and execute trades and orders quickly and easily without downloading. The mobile application features an intuitive multi-asset application that includes full-featured features for all major technical indicators and a wide range of tools for real-time drawing. In addition, there is support for the tablet trading application, which features an advanced graphical interface for fast trading and deposits, complete activity reports, intuitive navigation and reminder settings.

Deposit and Withdrawal

Xtrade supports a variety of deposit and withdrawal methods, mainly credit/debit card deposit, bank transfer deposit. The company does not charge users for deposit and withdrawal, banks and transit banks may charge related processing fees, which need to be borne by the user. If the user opens a position, the full available amount will not be withdrawn, and the margin needs to be maintained at a minimum amount: (available margin - maintenance margin) + margin ≥ 1% = maximum withdrawal amount.