Xtrade Journal

Journal status: live
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Xtrade Profile
Year
2009
Country
Belize
Branches
2
Regulation
IFSC Belize
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Canada, US
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
0
LPs quality
...
LPs names
...

Xtrade Accounts
MM
Minimum Deposit
200 $
Leverage
400 : 1
Minimum Lot
0.01 lots
EURUSD spread
2 pips
Commission
0 $/lotRT
Volume
...
Margin Call
15 %
Stop Out
15 %
Execution
Market
Spread
floating
Scalping
no
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Is Xtrade safe?

  • Investor protection: no
  • Regulation: IFSC Belize
  • Registration: no
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Xtrade trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • Xtrade website: semi-detailed, updated ★★★
  • Xtrade popularity (by visitor count): average ★★★

How Xtrade works

For the purposes of Orders for the CFDs, the sole Execution Venue will be the Company.

The Company’s price for a given CFD is calculated by reference to the price of the relevant underlying asset, which the Company obtains from third party external reference sources.

Where the Company may transmit orders for execution to a third party (another Execution Venue), the likelihood of execution depends on the pricing and available liquidity of such other third party.

In some cases, the Company may be providing a secondary quote to the Client after an Order has been submitted; the Client must agree to this re-quote before the order is executed. The Company shall provide re-quotes if the requested price of the Client is not available at the specific time of execution.

https://static.xtrade.com/documents/international/order-execution-policy.pdf

3. Execution of Orders

It is understood that every time the Client places an Order, the Company executes such an Order itself as a counterparty. However, the Company has the right to hedge Client Orders with another third party.

14.1. Each of the following constitutes an “Event of Default”:

(l)The Company reasonably suspects that the Client performed abusive trading such as, but not limited to, Snipping, Scalping, Pip-hunting, Hedging, placing “buy stop” or “sell stop” Orders prior to the release of financial data, arbitrage, manipulations or a combination of faster/slower feeds.

https://static.xtrade.com/documents/international/terms-and-conditions.pdf

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