XTrade is a forex broker regulated by ASIC (Australia) and IFSC (Belize).
XTrade offers CFD trading on Shares, Commodities, Forex, Indices, Bonds, ETFs as well as cryptocurrencies.
Trading is powered solely by XTrade proprietary trading platform accessible from the web and mobile devices.
Please read XTrade Reviews below and share live trading experiences with this broker.
January-April 2019: Large numbers of fake and highly suspicious positive reviews submitted for Xtrade.
Related websites include FXCryptoTrade.net, OffersFX.com, and 8invest.com.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$250|
|Address:||No.5 Cork Street, Belize City, Belize. C.A, Belize|
|Contact:||email@example.com, +44 2038074001|
|Regulators:||ASIC #ACN: 140899476 AFSL: 343628, FSC #IFSC/60/383/TS/15|
|Trading platforms:||WebTrader, MobileTrader (MobileApp)|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(15+) Bitcoin, Litecoin, Ethereum|
|CFD:||(445+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, AstroPay, Boleto, BPAY, Cartão Mercado Livre, CASHU, ecoPayz, Elo (Brazil), ePay (epay.bg), EPS, FasaPay, Giropay, HalCash, iBank&BankLink, iDEAL, Itau, JCB, Jeton, Moneta.ru, Multibanco, Neosurf, Oxxo, PagoEfectivo, PagoFacil, PayU, Poli, Przelewy24, PSE, Qiwi, Rapipago, SOFORT, TeleIngreso , toditoCash, UnionPay, VLoad, WebMoney, WeChatPay, Wire2Pay, Yandex Money|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, AstroPay, Boleto, BPAY, Cartão Mercado Livre, CASHU, ecoPayz, Elo (Brazil), ePay (epay.bg), EPS, FasaPay, Giropay, HalCash, iBank&BankLink, iDEAL, Itau, JCB, Jeton, Moneta.ru, Multibanco, Neosurf, Oxxo, PagoEfectivo, PagoFacil, PayU, Poli, Przelewy24, PSE, Qiwi, Rapipago, SOFORT, TeleIngreso , toditoCash, UnionPay, VLoad, WebMoney, WeChatPay, Wire2Pay, Yandex Money|
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Please dont trust Xtrade.com .. Its a big Scam
Aug 13, 2017 - 1 Star Please dont deposit your money with Xtrade . It is a fraud company . I lost all my hard earned money trading with them . Guys please stay away.
Stay away and do not take any investment advice from freir representatives
Overall it was a long and stressful story. Just read it and take what you can out of it. If you had been given a fraudulent investment advice - find a solicitor in this field, complain to FCA in London, even if you are not there - it costs nothing to file a complaint there, but it costs a lot to a broker. Keep all recordings that you were given (emails, record telephone calls - also THEY DO HAVE RECORDED TELEPHONE CALLS, so if you were in the same situation as me, you or a FCA can request them. They might give you many many reasons why they cannot have an access to them, but when they need it - they find it within 5 mins - personal experience).
Also, when you ask your account manager WHY he gave you wrong advise, which happened every single time after i filed a complaint, they think it is fine to call you back and start screaming his a** off at you and then put the phone down.
It was a VERY bad experience with this company.
ON Monday, the 8th of May 2017, I received a call from Aleksandr Nazarov who told me that I need to deposit another $2000 to be able to trade commodities and where I can earn 'real' money. He also offered me to borrow this money. I refused. Then we opened a first EUR/USD deal, I got some profit. Then another 3-4 deals were profitable. On the 12th of May he tells me to open a $50 000 EURUSD Sell trade. Which I did. It went to $-220, then $-400, $-700 and so on, now it is $-1400. I was emailing him each time it went more in minus, he would say to wait, wait, wait and that it should go down soon. So I waited and waited as was advised by Aleksandr.... until my equity shrinked. Now I only have $100 equity. Positions still opened - you charge me fees every day to keep them open and he said I need to wait until he calls me and not to do anything about it. I am still waiting....
Now I have three positions in my account and my LOSS is locked there. And yesterday Alexander called me, saying that he has spoken to analytics and they came to a conclusion that I need to deposit more money in order to save my accont from the state that HE got me into! This does sound like a scheme...
You are neither authorised nor qualified to give any investment advises. Your company is a broker, not a financial advisor. You do not have any license for giving finincial advices. I have no knowledge of FX markets whatsoever and you abused your position by pushing me with fake promises to deposit money, then to open the trade, which was initially not in my favour, as well as pushing me to take the maximum leverage since the commissions are higher (for beginners there should only be a leverage of maximum 1:25 and at no point 1:400), Now I have 3 positions opened where you charge me fees daily but no one tells me to close them, as you get your fee daily on them - very dishonest! I have our correspondence with Alexander where he 'advises' me to keep the trades.
I want you to reimburse my deposit of $1000 either to my account, so I can withdraw it or right into my bank. If you do not do so, I and my solicitor in London will report you to Financial Ombudsman in London, FCA, CROFR, Naufor and CySEC and any other institution we find relevant to this case. We will start with CySEC as they still passporting a financial service from Cyprus to the UK And you still broker to the Financial Authority Code of Business.
They give You "analytic" who is going to help You. He use nice words to let You buy or sell pair. But in fact they just say randomly making everything, for You, that You could lose as fast as can.
STAY FAR AWAY AND KEEP YOUR MONEY AND YOUR INFORMATION EVEN FURTHER AWAY!!
Xtrade cannot be trustsed you will lose your money
They continuously do the same actions - they were recently fined for xforex same company and its documented Elana Solomon worked for Xforex and Xtrade and nothing has changed. I have made a video about them on youtube just type xtrade it comes up in the first page you will see it xtrade scam review over 80000 views so far. Please view and like it
Oct 18, 2016 - 1 Star I am starting a class action against Xtrade if anyone is interested with Phoenix Advisors - get in touch
Sep 22, 2016 - 1 Star can anything be done to recover losses and money with this company - any class actions?
they gave advise that made you lose