Xtrade Review

1.35 • 28 REVIEWS
Formerly XTrade.ru (.eu)
Updated: Feb 9, 2023
Xtrade.com

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.

July-December 2021:  Large numbers of fake and highly suspicious positive reviews submitted for XTrade, including one from inside the company's offices.

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.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $250
Established: 2012
Address: No.5 Cork Street, Belize City, Belize. C.A, Belize
Contact: support@xtrade.com, +44 2038074001
Regional offices:
Regulators: ASIC #ACN: 140899476 AFSL: 343628, FSC #IFSC/60/383/TS/15
Prohibited countries: Unknown
Trading platforms: WebTrader, MobileTrader (MobileApp)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (15+) Bitcoin, Litecoin, Ethereum
CFD: (445+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities

Trading Conditions

News Trading: ✅ Yes

Managed Accounts & Social Trading

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
1.35 • 28 REVIEWS

Traders Reviews

B
Riga, Latvia,
Feb 20, 2017,
Registered user

Scam

They're scam.
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.
1 trader has found this review helpful
P
Germany,
Mar 1, 2017,
Registered user

I got heavily robbed by XTRADE. I read a lot of complaints about XTRADE on FPA. However, there is no information from somebody who successfully got his money back. If there is someone, can you please tell me if and how you got your money back? Was it via a legal case in Cyprus or your country of origin (within the EU)?
S
Simon
Limassol, Cyprus,
May 20, 2016,
Guest

Xtrade is a new name for old broker Xforex. As an ex-employee I would strongly advise to avoid this broker. Read comments about Xforex to find out who you are dealing with
T
TRELL MARIE ABERGAS
PASIG CITY, Philippines,
May 21, 2016,
Guest

GOOD DAY TO ALL! MY FAMILY DECIDED TO FILE CASE AGAINST THE SAID COMPANY BECAUSE OF NEGLIGENCE ON GIVING COMPLETE INFORMATION AND TRAINING BEFORE I STARTED TRADING. I HAVE COMPLETE EVIDENCE THAT I DEPOSITED 3X TOTAL AMOUNT OF 600USD ON XTRADE ONLINE CFD TRADING THIS MONTH OF MAY 2016. THE MONEY I DEPOSITED WAS FOR MY DAUGHTERS SCHOOL FEE THIS COMING JUNE 2016, I AM REALLY DESPERATE TO GET BACK THE MONEY I DEPOSITED BECAUSE I LOST IT ALL IN ONEDAY TRADING, I WAS SHOCKED AND THE EMOTIONAL DAMAGE DONE WAS REALLY WORST ON MY PART ALSO WITH MEMBERS OF MY FAMILY. WE URGENTLY NEED HELP WHOMEVER CAN HELP ME RECOVER MY 600USD BECAUSE MY DAUGHTER BADLY NEEED THE MONEY THIS JUNE 2016 FOR HER TUITION FEE.... PLEASE HELP US ........ IM A SINGLE MOTHER OF THREE KIDS AND THE BREADWINNER OF MY FAMILY I LIVE IN THE PHILLIPPINES.... YOU CAN CHECK MY RECEIPTS OF DEPOSITS MADE TO XTRADE ONLINE CFD TRADING......... ITS AN INTERNATIONAL COMPANY.......I DONT KNOW WHERE TO GO TO..... XTRADE COMPANY PLEASE HAVE THE HEART TO RETURN MY DEPOSIT SOONEST POSSIBLE...... MY FAMILY NEEDS IT BADLY NOW...... PLEASE REPLY TO THIS MESSAGE.
R
London, United Kingdom,
Jan 3, 2017,
Registered user

STAY FAR AWAY AND KEEP YOUR MONEY AND YOUR INFORMATION EVEN FURTHER AWAY!!

XTRADE HAVE BEEN FINED EUR 225,000 for scamming people! WE NEED TO GET OUR MONEY BACK OFF THEM
J
Josh
Qld, Australia,
Dec 28, 2017,
Guest

DO NOT use Xtrade . I've been waiting more than 6 weeks to withdraw money from account , support is non existent and f*** woeful when they do answer and give usual b*** answers like it's in process , takes 10 business days - it's been over 30 days and still no money . DO NOT USE XTRADE .
2 traders have found this review helpful
P
United Arab Emirates,
Oct 21, 2016,
Registered user

Please don't deposit fund if you love your money.

They are Just cheaters. knows how to take money even without activating the account and never knows how to return the money
Y
Yeu
UAE, United Arab Emirates,
Apr 1, 2020,
Guest

Scammed

Service use: Live Length of use: 0-3 Months
Xtrader blood suckers they show you plastic account with figures they create pretend they are putting bonus for you. They convince you they are so knowledgeable in sucking all you have and they even beg you to put other cards yah. Uhm. Their end is soon
S
Dubai, United Arab Emirates,
Oct 4, 2018,
Registered user

Please dont trust Xtrade.com .. Its a big Scam

Guys .. Please this is true review about Xtrade.com . Please dont trust this company or invest your money in it . Its a big scam and they play very dirty game to cheat people and steal their money. So dear friends .. Please stay away from xtrade.com.

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.
M
South Africa,
Apr 9, 2018,
Registered user

XTRADE is a scam , You can not withdraw your money if you want to. Its about 6 months now since I requested a withdrawal but nothing had happened. The customercare is terrible
2 traders have found this review helpful
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