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XTradings

WikiFX | 2024-12-25 14:04

Abstract:Founded in 2022, XTradings is a forex and CFD broker registered in Vanuatu, offering trading in Forex, Indices, Stocks, and Commodities with leverage up to 1:200 via the MetaTrader4, Web Trader, Tablet Trader, and Mobile Trader platforms.

Note: XTradings' official website - https://www.itraders24.com/ is currently inaccessible normal.

XTradings Review Summary
Founded2022
Registered Country/RegionVanuatu
RegulationUnregulated
Market InstrumentsForex, Indices, Stocks, Commodities
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadFrom 1 pip
Trading PlatformMeta Trader 4, Web Trader, Tablet Trader, Mobile Trader
Min Deposit/
Customer SupportTel: +44 203 0973266
Email: Support@iTraders24.com
Company Address: 150 Minories, London EC3N 1LS, UK

Founded in 2022, XTradings is a forex and CFD broker registered in Vanuatu, offering trading in Forex, Indices, Stocks, and Commodities with leverage up to 1:200 via the MetaTrader4, Web Trader, Tablet Trader, and Mobile Trader platforms.

XTradings' homepage

Pros and Cons

ProsCons
Diverse tradable asset classesNew to the market
Demo accountsLack of regulation
MT4 supportedDormant fee charged
Popular payment optionsCharge withdrawal fees
Unclear minimum deposit

Is XTradings Legit?

No, Xtradings has not been regulated by any notable authorities, which indicates that it carries higher risks.

No license

What Can I Trade on XTradings?

Trading AssetAvailable
forex✔
commodities✔
indices✔
stocks ✔
cryptocurrencies❌
bonds❌
options❌
ETFs❌

Account Type

Apart from demo accounts, XTradings claims to offer three types of live trading accounts: Basic, Advanced, and Premium. However, information about the minimum deposit of these accounts is not provided.

Account comparison

Leverage

The maximum leverage offered by XTradings is up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can work both in your favour and against you.

Spread

The spreads available at XTradings are uncompetitive. On the MT4 Web Trader, the EUR/USD spread is 1 pip, while on the MT4 Desktop, it is much higher - 3 pips. By contrast, the industry average EUR/USD spread is just 1.5 pips.

Fees

XTradings also charges a dormant fee of $60. If the trading account is inactive for 30 days or more.

Dormant account

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web/
Tablet Trader✔Tablet/
Mobile Trader✔Mobile/
MT4✔Desktop, Mobile, WebBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

XTradings accepts deposit and withdrawal methods including e-wallets, credit cards, bank transfers and wire transfers.Also, the broker will charge some unspecified withdrawal fee.

Payment options
Deposit and Withdrawal
LeverageBrokerCurrency PairDealerForex tradingForex BrokerForex Currency pairleverage in forexforex pipsforex marketStock CFDsindicescommoditiesdemo accountsMT4WebTrader

Related broker

No Regulation
XTradings
Company name:XTradings
Score
1.50
Website:https://xtradings.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.50

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