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When you search for online brokers to sign up with one, you will often hear people talking about Xtrade. They usually think of this broker as being the one who cares about its traders the most. There is no doubt that there is a long list of online brokers that provide their traders with some great services. Some rely on huge leverages while others pay more attention to offering great bonuses. However, the best broker is one that makes the lives of its traders in every possible manner. That’s where Xtrade seems to shine more than any other broker out there. What is this broker doing differently that’s making it so famous?
Read this detailed review of Xtrade to find out everything great about this broker.
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Xtrade – The Three Signs That Show It Cares about Its Traders
1. The Trading Platform
The first sign that tells you how much a broker cares about its traders is the trading platform from it. Yes, if your broker cares about you, it will provide you with the best trading platforms out there. You will be surprised to know that the best brokers in the world do not rely on only one platform. It is true that every platform has its strengths and weaknesses. Just because you enjoyed using a trading platform on your desktop computer does not mean you will love trading on it while using your tablet as well. These are the things that brokers have to keep in mind when they choose trading platforms for their traders.
Let’s look at the elements that make a trading platform the best and then figure out if Xtrade’s trading platform meet those requirements.
It Should Not Cause Compatibility Issues
The first thing you have to expect from a trading platform in 2020 is that it must not cause any compatibility issues. Compatibility issues are a thing of the past. You can’t say that a platform is not available on the operating system you use. Well, if your broker is living in the same century as you are, then it must know your requirements as a modern trader. Traders are joining trading platforms from all around the world. These people use different types of devices and operating systems. You can’t ask these millions of people to change their devices only because your trading platform is not compatible with them.
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That’s what brokers have started to learn in recent years. Fortunately, you have brokers like Xtrade that have understood this thing early on. The broker has arranged its trading platform in such a way that you can use it no matter which device you are on and which operating system you have on the device. If you are an Android user, you will have the same trading experience that an iOS user is having. You can download the trading application on your mobile phones and use it without a care. The trading platform is swift because it has been designed specifically for mobile devices.
You will be surprised to know that this is the only broker that brings a different version of the trading platform only for tablets. In most cases, the broker has the trading platform available for desktop computers and smartphones. With Xtrade, you will have the trading platform on your tablet as well. It does not matter which part of the world you are going to because the trading platform will travel with you. Last but not least, one has to mention the web trader, which is a web-based version of the software that runs on any device without any downloading.
It Should Be Fast
The trading platform you use for trading must not have speed issues. As a new trader, you might not be aware of this issue but it has cost millions of dollars to traders from all parts of the world. What happens is that you place an order after looking at the price of the asset. You think you have placed the order with the price you see on the screen, but what has happened is completely different from your imaginations. Your software halted or glitched, and caused your order to delay. Now, you are trading the asset at a price that you do not even know. You end up with a huge loss and the broker does not take any responsibility of that.
You will not have to worry about this problem when you sign up with this broker and use its trading platform for trading. The software is fast and executes your orders swiftly so what you see on the screen is really what’s happening in real time.
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2. The Index of Assets
This is where you will find the second biggest sign that the broker cares about you. You have to see that asset index of your broker to find out how many assets you can trade. In addition to that, you should see how many financial markets you have access to when you sign up with the broker and start using its trading platform. Even the smallest online brokers can give you access to at least half a dozen different financial markets. For that reason, you should not expect anything less from the broker if it claims to be a big one. In the case of Xtrade, you will find more financial markets and tradable assets that you can imagine.
There is not a financial asset that you will not find with this broker. Let’s take a look at them one by one so you can understand what you are getting with this broker.
Commodities
You can trade commodities after signing up with Xtrade. Commodities can be of many different types. They are classified as one asset group but you will find many different types of assets in them. Whether you want to trade fuels, energies, metals, or some soft commodities, you find them all in this particular list. The best thing is that the broker allows you to take advantage of fixed spreads when you trade commodities with it.
Stocks
There is no stress needed on stocks to make someone understand them. These are the shares of huge companies from around the world. Think about Google, Apple, Microsoft, and other similar companies. These companies have their shares on the market for traders to buy and sell at will. You can trade a variety of assets with the broker. You have hundreds upon hundreds of stocks that you can trade with this broker. That’s something you should not expect from every online broker though.
Forex Currency
Currently, you do not have any financial market as big as the foreign exchange. That’s where you exchange one currency for another. As prices of different currencies fluctuate, you make profits from them. You have to make sure that you pick a currency that’s going to go in the same direction as you have predicted. Forex currency pairs are always traded in the form of pairs. You have to trade one currency for another. You can trade all the major currency pairs with Xtrade. However, that’s something you can do with any online broker.
What makes Xtrade different is that you can find a variety of exotic and rarely found currency pairs with it as well. In addition to that, you will be able to use huge leverages on your forex trades so you can make huge profits at the end of the day.
Cryptocurrencies
You have to know at this point that the assets you are reading about right now are not the only ones you can trade with Xtrade. This broker brings you a long list of indices as well. In addition to that, if you do not want to own the assets you are trading, you can go with ETFs and CFDs as well. With CFD trading, you can enjoy some huge profits because of the huge leverages that are at your disposal from the broker.
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Well, coming back to the important point, you can trade cryptocurrencies with this broker. Whether you believe in cryptocurrencies being the next internet or are in crypto trading because you think it can make you a millionaire in no time, you will be able to find them all on Xtrade. You will not find many other brokers offering you these many cryptocurrencies for trading despite having a long list of other assets on the asset index as well.
3. Safety
That’s where this broker takes the cake. Yes, all the major online brokers are now paying attention to safety of the traders, but you can’t find one that’s as safe as this broker. First of all, there are many ways to check how much a broker cares about safety. Let’s measure the seriousness of this broker in terms of safety by looking at these important factors.
Regulation
That’s the first thing you have to look at when you are signing up with an online broker. You have to see whether or not the broker is regulated. Regulated means that the broker has an authority looking into its financial matters and taking care of the interests of the traders. If there is no authority doing that, traders can consider their money gone. How can you expect a broker to take care of your money if it is not answerable to anyone for fraud and mischief?
Despite this being such an important point in safety, you will find that many online brokers are still not regulated. However, you do not have to worry about regulation when you sign up with Xtrade. This broker is properly regulated by IFSC.
Safety of Funds
Does your broker do anything to make your funds safe? Is it meeting all the requirements of the industry to keep your funds safe? These are the questions you should ask yourself and your broker before you sign up. The first measures that brokers take to secure your funds are segregation of funds. Segregation means that the broker is going to put your money in accounts that are different from its own accounts. If the broker mixes your money with its own money, you can consider it gone if something wrong happens to the broker someday.
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You will be happy to know that Xtrade does not disappoint you in this area either. The broker pays attention to its traders and their safety by putting their funds in segregated accounts. In addition to that, you will notice that the broker allows its traders to use the safest methods for transferring funds in their accounts, making transactions safe right from the start.
Safety of Info
Last but not least, you have to see how serious your broker is with the safety of your information. If you do not pay attention to protecting your information, online websites will obtain the data and share it with other third parties. Next thing you know, you will be receiving calls and messages from people you have no connections with. However, what’s more grave is the fact that your information can be stolen as well. If someone steals your personal information from the servers of the broker, you can become a victim of identity theft.
The result of this activity is that someone else will be making purchase in your name and signing up with online websites. Worse yet, you might start seeing unknown transactions appearing on your credit card. It will be too late before you figure out what’s going on. However, you will not have to fear such a situation when you sign up with this broker. It takes care of your information through encryption. The strictest encryption protocols ensure that your information is safe from any stalkers on the internet.
Final Thoughts
You can see that Xtrade shows all the signs of being a broker that cares about its traders. It keeps their information and money safe, and provides them with a trading platform that makes their lives easier. In addition to that, the broker is regulated, which is the most prominent sign of a broker’s seriousness with safety. If you are looking to start your trading and want your first broker to be your last, you should definitely give a thought to signing up with Xtrade.
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