XTrend Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-02-05 21:01

Abstract：XTrend is an online broker founded in 2018, offering a wide range of trading instruments like Forex, Metals, Cryptocurrencies, Energies, Indices, Shares. It's regulated in Cyprus now and does not provide services to residents in certain areas.

XTrend Review Summary
Founded	2018
Registered Country/Region	Cyprus
Regulation	Regulated (CYSEC)
Market Instruments	Forex, Metals, Cryptocurrencies, Energies, Indices, Shares
Demo Account	❌
Leverage	/
EUR/USD Spread	From 0.00001 pips
Trading Platform	XTrend App
Minimum Deposit	/
Customer Support	Facebook
	Phone: +357 25258020
	Email: info@thextrend.com;support@thextrend.com
	Address: 18, Monis Machera Street, 4th Floor Office 401, 3020 Limassol, Cyprus/P.O. Box 51217, Limassol, Cyprus.
Regional Restrictions	USA, Cuba, Canada, Democratic People's Republic of Korea, Iran, Iraq and Syria

XTrend Information

　　XTrend is an online broker founded in 2018, offering a wide range of trading instruments like Forex, Metals, Cryptocurrencies, Energies, Indices, Shares. It's regulated in Cyprus now and does not provide services to residents in certain areas.

Pros and Cons

Pros	Cons
Various trading products	Regional restrictions
Regulated by CYSEC	No MT4 or MT5
	No demo accoun
	Commission fees charged
	Lack of transparency

Is XTrend Legit?

Regulatory Status	Regulated
Regulated by	Cyprus Securities and Exchange Commission (CYSEC)
Licensed Institution	Rynat Trading Ltd
Licensed Type	Market Maker (MM)
Licensed Number	303/16

What Can I Trade on XTrend?

　　XTrend offers trading instruments on Forex, Metals, Cryptocurrencies, Energies, Indices, Shares.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Shares	✔
Cryptocurrencies	✔
Metals	✔
Energies	✔
Options	❌
Bonds	❌
ETFs	❌

Account Type

　　Now XTrend doesn't provide any information on account type choices.

Leverage

　　Now XTrend doesn't provide leverage information.

Fees

Spreads	Commision
From 0.00001 pips	From 0.04 per lot

Trading Platform

　　XTrend only offers self-developed App.

Trading Platform	Supported	Available Devices	Suitable for
XTrend App	✔	Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Traders can deposit and withdraw via wire transfer, Debit/Credit cards and E-Wallets.

Withdrawal Options	Minimum Withdrawal	Currency	Fees
VISA/MasterCard	10 USD	EUR, USD	3.50%
Skrill/Neteller	10 USD	EUR, USD	3.50%
SOFORT	10 USD	EUR	Up to €15