03 Jul xcritical Review Is it a Scam or Legit Broker 2021

xcritical provides various options to contact customer support, including email, phone and live chat. In addition to 2,000+ stock CFDs, the firm offers over 9,000 investable equities and ETFs from EU and US exchanges. Clients can also trade options on US securities through the xcritical 2.0 platform.

Most investors will likely be familiar with the xcritical trading platform, as the program has become almost ubiquitous with forex and CFD speculation since its release in 2005. Nine instruments make up the broker’s indices offering, with major exchange assets such as the FTSE 100 and S&P 500 supplemented by the US dollar and Euro Bund indices. Like many online brokers, xcritical Ltd is based in Limassol, Cyprus and regulated by the local financial body CySEC.

Good and easy to use Platform

For stock CFDs, pricing is based on tiered plans starting from $0.01 per share in the Bronze plan, which goes down to $0.005 per share in the Diamond plan. You can also choose a fixed plan, in which you pay $12 up to 3,000 shares in the Bronze plan and $9 up to 5,000 shares in the Diamond. I’ve been waiting for a long time to see a CFD company come up with a platform than is just like a ‘proper’ direct access market platform with the same market spreads. It appears they offer CFD trading, but with actual market spreads, and a proper fast, direct access platform. Customisable hotkeys make trading lightning-fast, while 14 chart styles and 47 chart indicators take technical analysis to a new level. The program is suitable for forex and CFD trading, options and stock investments.

• Holding CFD positions overnight will incur swap fees, which vary from asset to asset and can be previewed on any of the three supported trading platforms.
• Access to IPO pricing on new US exchange stock listings may attract traditional investors.
• Nine instruments make up the broker’s indices offering, with major exchange assets such as the FTSE 100 and S&P 500 supplemented by the US dollar and Euro Bund indices.
• However, negative balance protection may kick in before a position reaches this level.

TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. xcritical offers over 9,000 US stocks, including blue chip, mid-cap, small-cap, ETFs, ADR’s and hundreds of OTC stocks. There is also a selection of other assets available, including 51 major, minor and exotic currencies, precious metals, energies, agricultural commodities and 9 major indices. Gigantic spreads compared to the underlying , and the platforms are a world apart from a direct access trading platform in terms of speed.

You can always check the broker’s website or social media pages for updates. xcritical MultiTraderYou can download MultiTrader from the website, or access it via the convenient web trader version. But it’s thanks to our sponsors that access to Trade2Win remains free for all.

Andy from support was very helpful

Fees are OK, you can be profitable if you are a good trader, but it can certainly drag you down if you are a beginner. While many online brokers feature an FAQ section to provide quick answers to common queries, the xcritical website is uncharacteristically lacking in this area. xcritical does not provide two-factor authentication protection for its client login portal. Furthermore, there is very little information regarding the security of the proprietary platforms, though xcritical does support single-use passwords. Eurivex Eurivex is a regulated Cyprus Investment Firm, licensed by the Cyprus Securities and Exchange Commission to trade in capital ma…

However, the firm has run into controversy for allegedly circumventing US rules on CFDs through the Tradenet educational platform. I’ve been using the platform for over 4 years and I wouldn’t change a thing. I prefer simplicity and a working reliable system when it comes to trading platforms and Colmex Delivers. xcritical is regulated in two jurisdictions, by CySEC and FSCA, and is a legitimate company registered in Limassol, Cyprus. The broker is unlikely to be a scam, but traders should thoroughly research any potential brokers before making a decision. Hantec Markets – Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing flexibility to suit any trader.

We have scanned fees that xcritical charges when trading popular currency pairs, here is their breakdown in pips. Their platform is great, xcritical rezension but takes a bit of time to learn all their features. I received a Dummy account with 5-1 margin ratio, and am paper trading CFDs.

Compare xcritical

xcritical offers tiered or fixed plans for stock CFDs and equities. For Stock CFDs, the tiered plans on offer are Bronze, Silver, Gold, Platinum and Diamond. Minimum deposits in the Bronze plan start at $500, with a minimum order of $1.50. Fixed plans require a minimum deposit of $2,000 in the Bronze plan. The broker’s MultiTrader offers a robust institution-grade platform for experienced traders. Users also get access to a list of the top 20 and worst 20 performers, which is updated in real-time.

FXCC FXCC was founded in 2010 by a group of foreign exchange market professionals, building on their long experience in the financial market… I recently took advantage of the Black Friday promo, where depositing $5k into my account was awarded with 1 TSLA stock. I made a wire transfer and my new equity account was opened shortly after. Everything went smooth and a small technical issue was resolved in a timely manner. I don’t think there are platform as fast and simple with no distracting frills like Colmex and it is true it’s a direct access platform.

xcritical could be more transparent around security used in their proprietary platforms. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. The backing of a solid customer support team helps clients trade with confidence, knowing that assistance is just a few clicks away.

Alternatively, investors can login to xcritical via an internet browser using the MetaQuotes WebTrader service. A fixed order routing charge of £0.0012 https://scamforex.net/ per share applies to trades on all accounts. At the highest commission-based account level, spread pricing reaches as low as 0.2 pips on EUR/USD.

The source of this information is the website and the broker’s trading platform listed in the Web section of this review. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. Quick and reliable support by phone, email and chat from the team of one of the fastest CFD trading platforms around. Yes, the broker offers a trader demo where you can practice your trading skills with virtual money. Note that the demo is only open for 5 trading days, which is considerably less than most other brokers who offer a 30-day demo. The trader demo download can be accessed once you register for an account.

FX Pro FxPro is a reputable international Forex company licensed by the regulatory authorities of UK, Cyprus and Australia. In order to start trading with xcritical, you have to deposit at least 2000 USD. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. I heard about them through Tradenet, a trader called Meir Barak, who has 100s of Youtube videos showing him trade on this Platform. The platform is very easy to use, easy to configure and set to my needs.

Great service and Awesome trading platform

However, negative balance protection may kick in before a position reaches this level. Fifty-one forex products are available through the broker, including major, minor and exotic currency pairs. Traders Trust Traders Trust was founded on a solid base of financial market professionals with an innovative vision to provide todays retail forex tr… EToro At eToro, we have been continuously transforming the traditional money management industry, in order to open the financial markets to e… CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

I used to have an account with them, I honestly haven’t found anyone else so correct and transparent and also convenient . I have compared a lot of brokers before opening an account with them. I plan to demo their software at some point, but wondered if anyone has any experience with them.

I have used them for 3 days using a DUMMY account, trading with fake money to practise. They are friendly .they ask for feedback, and their live chat is instant in the few times I have used it. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

xcritical Bonuses

The trading commissions levied by xcritical vary drastically depending on the account tier. Charges range from an astronomical £12 per side per lot with the entry-level forex account to a highly competitive £1.50 per side per lot for the Premium VIP account. xcritical 2.0 is a proprietary trading platform created by the brokerage and boasts a user-friendly interface, integrated account statistic data and advanced order types. xcritical clients can download MT4 for Mac, Windows, Linux and as a mobile app for Android and iOS.

I trade for income and for the first time this month, I requested a withdrawal for month-end expenses. I was so ecstatic to have the whole process finalized within 24 hours. No pain or hustle of submitting proof of bank account at the claim stage, no delays but efficient processing. Great platform to day trade, really good charts, much better than Tradingview or Revolut for example. You can swing trade up to one month as well, you pay inactivity fee per month, unless you do other trades. You can get leverage of 5x and not pay a dime if you give it back the same day.

However, these accounts are divided further into subtypes, which can be confusing even for the most experienced traders. Between 74-89% of retail investor accounts lose money when trading CFDs. The broker offers over 9,000 stocks, plus hundreds of options and ETFs. There are also 51 major, minor and exotic currencies, 9 major indices, plus a small selection of precious metals, energies and agricultural commodities. Aside from a blog which is available in English and Spanish, xcritical does not offer any additional features or tools.

FXTM Forex Time is a respected interantional online Forex brokerage company founded by the man who lead his first comapny, Alpari, in succes… People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I didn’t want to show my balance at the top menu of the platform, so I sent an email to support and they explained an option to hide it. xcritical accepts registrations from multiple countries across Europe, Africa, Asia and the Middle East, including the United Kingdom, France, Turkey, Israel and Japan. The broker also accepts US citizens, as well as clients from Canada. As per CySEC restrictions, there are no deals or promotions offered at xcritical at this time.