The XtreamForex’s Copy Trading Program allows traders to automatically copy trades of other traders so that they do not have to spend many hours developing their strategy. Whilst this can be a solution for those of you who do not have the time or skills to trade by yourself, there can be no guarantee on results. Past performance is not an indication of what will happen in the future.
- The trading platforms are available in desktop, web, and mobile versions.
- In the case of bank transfer, the deposit is affected by your bank and correspondent bank timings.
- Unfortunately, XtreamForex are not currently regulated which is disappointing as they are a fast-growing ECN broker.
It is also worse mentioning, that according to Facebook the page is operated from India and Isreal. The broker is registered in the Marshall Islands and does not display its license number. It indicates that the broker is not regulated and hence does not have any authorization to offer its services to the residents of any country.
So we couldn’t find out how long they take and if any fees occur. Especially because this broker operates without a license and they can easily use your trust to steal your financial data. The maximum available leverage can be limited by local financial regulators xtreamforex review or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. I have started using Xtreamforex recently, but have not found any problem with them so far and happy with their service.
Xtreamforex Best Broker
In addition to this, they provide clients with 24/5 customer support, segregated accounts, trading education and market analysis to help make informed decisions. XtreamForex is a trading broker with a vast selection of different asset classes available to trade via the intuitive and user-friendly MetaTrader platforms for desktop, web and mobile devices. The broker has decent trading conditions along with flexible account types and convenient funding options. They also offer additional trading tools and a signal copying service, whilst there is an informative trader’s academy filled with useful learning materials. The minimum deposit to start trading is just $5 and free demo accounts are available if you wish to give them a try before making a commitment. Despite the positives, the broker currently has no valid regulatory license for please be aware of the risk.
Overall, I think there is a lot of good things to like about XtreamForex. In addition to this, they offer flexible account types, a variety of funding options and an informative traders academy to help beginners learn more about the markets. Despite the positives, they are not regulated which may be a concern for potential clients. If you would prefer to trade forex with a regulated broker, Pepperstone are another great option to consider. As you can see from this detailed review there are a lot of signs pointing out XtreamForex scam.
- They allow clients to trade various financial assets — forex, indices, stocks, cryptocurrencies, commodities, and more — using the MT4 and MT5 trading platforms.
- Forex holidays can significantly affect the trading schedule and the volatility of the market.
- Whenever the broker states nothing about withdrawal fees we always assume there are commissions charged.
Brokers who are registered there are operating from the different countries. The broker claims it has an office in London, however it does not seem to be true for several reasons. XtreamForex is a trading name that is operated by Grand Investing Ltd. What is more, the broker states its delivery of fully licensed and regulated services and license to provide investment services along with funds security protection. XtreamForex also offers a demo account with 100,000 USD virtual money for trading.
These platforms are popular trading and charting software with many inbuilt professional features. XtreamForex MT4 and MT5 are available for all devices, and operating systems. Android apps allow trading and chart analysis on the go which is super comfortable for traders who have to travel often. Xtream Forex is the Fastest Growing ECN Broker operated by Xtream Markets Ltd.XtreamForex provides trading services in Forex, commodities, indices, stocks and cryptocurrencies.
In order to deposit into your account, you can choose Wire Transfer, Bitcoins, Visa, Skrill (Moneybookers), Neteller. You can deposit funds in widely used currencies such as the U.S Dollar (USD). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Daily withdrawals are smooth, user-friendly, and are done on the same day. The account application may appear difficult at first though, but I am pleased with how Xtreamforex assists me and will continue to use them as my trading broker. In addition to the two MetaTrader platforms, Xtream Forex also offers a FIX API solution that can be integrated with other platforms.
What does the broker offer
I have access to market trends and could independently monitor my trades. I am pleased with how Xtreamforex assists me and will continue to use them as my trading broker. The broker provides traders with various secure deposit and withdrawal methods, including bank transfers, credit/debit cards, cryptocurrencies, and e-wallets. In addition, you can make deposits and withdrawals in the United States Dollars (USD).
XtreamForex Instruments Summary
So, except for XtreamForex, you are only permitted to trade with U.S-regulated platforms. In a Micro account, the minimum deposit is $5 USD, the Standard account is $250 USD, the ECN account is $250 USD, ECN Pro $5000 USD, VIP account is $20000 USD. The below table highlights the most prominent features and highlights of the Xtreamforex online trading platform. XtreamForex is the best forex broker with highly supportive staff and faculty members also with tighter spreads.
They have carved a reputation in the online trading industry by providing an innovative, user-oriented trading environment built on the most advanced platforms. As the broker continues to grow internationally and establish themselves as a global brand, their main priority remains your profitability, success and happiness as a client. However, I really think this all needs to be backed up by top-tier regulation for them to be considered amongst the best forex brokers.
Except for the wire transfers, other payments should complete from several minutes to instantly. However, anyone can put up just about anything online and claim it’s true. XtreamForex has a separate web presentation that explains their regulatory line of work. Just like another scam we’ve reviewed before, Vertex Markets, XtreamForex also claims their brokerage is licensed by jurisdictional regulators in several countries. In addition to allowing funding with bitcoin, Xtream also offers trading in a range of cryptocurrencies for those who want to speculate on the wild price swings in this market. The cryptoassets currently available from the broker includes of course Bitcoin, as well as Litecoin, Ethereum, Ripple (XRP), Dash, and a whole range of lesser-known cryptocurrencies.
Despite having been in the industry for quite a few years already, Xtream Forex remains an unregulated broker. Xtreamforex.com has a rating of 5 stars from 2 reviews, indicating that most customers are generally satisfied with their purchases. Because such darkness envelops withdrawals, there are no policies covering the process.