Welcome to Xtrade Journal
Journal status: live
Xtrade actively participating | not yet
- Website: http://www.xtrade.com
- Year founded: 2009
- Headquarters: Belize
- Dealing type: MM
- Minimum deposit (MM account): $ 200
- Full listing profile: Xtrade broker profile
Is Xtrade safe?
- Investor protection: ...
- Regulation: IFSC Belize
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Xtrade trusted?
- Information transparency: high
- Customer service: ...
- 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.
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.