Is xTrade a Good Broker for Traders in South Africa ?

Are you looking for the best online trading site? If so, XTrade is for you because this platform seems to have it all. With no commission and an ease of use, XTrade will allow you to have a lot of fun while trading, and you will truly have a good time while at it.

 

XTrade has many good things in store for you, and we will give you the details you need to know about this firm. We will talk about reputation, fees, accounts, and thing like that in this short article. Therefore, read on if you just want to find out if this company is a good fit for south african traders.

 

Reputation

 

The firm has been incorporated in Cyprus, so you have to keep that in mind. Cyprus is a good choice when it comes to incorporation if you have a company. These types of firms tend to be incorporated offshore, so you have to think about this. If you don’t worry about losing some money, XTrade is for you.

 

Spreads

 

There are no commissions involved when you are trading here, so you will have peace of mind when it comes to this.

 

Fees

 

The ask/bid spread is all you have to deal with when it comes to fees because there are no commissions involved here.

 

Accounts

 

You can use a standard account, which comes with an important free demo account that you can use for practice if you want to.

 

Funding Methods

 

You can use around 40 deposit options with XTrade.

 

Trading Platforms offered.

 

The minimum amount that you can invest here is US$100 as of today. Since this platform is truly user-friendly, you will manage to get the hang of it in no time if you want to. The platform is also a web-based one.

 

Trading Instruments

 

XTrade will allow you to use a wide array of currencies to trade. In fact, you will be trading with 53 currency pairs if you want to. Some of these currency pairs are so exotic that you will not find any of them with a broker. Do you love Bitcoin? If so, you can also use bitcoin pairing. You will be able to choose from around 100 assets. You can use 51 currency pairs with Bitcoin included, and you can even use 74 stocks, 12 indices, and 13 commodities with XTrade.

 

Trading Platforms offered

 

The firm has its own version of the famous WebTrader so you can trade CFDs if you wish.

 

Remember that XTrade is here to stay for a long time because they can give their clients what they want. But you have to be careful when spending money with this firm because you might lose your money down the line.

 

That being said, you can also have a lot of fun while using XTrade because that is what online trading is all about: having a lot of fun with your money right away. XTrade is very easy to use and you will manage to dominate it right away. Remember that you don’t have to spend a mint to be able to use this platform.