Read our Xtrade Review and Discover Why Cristiano Ronaldo has Deigned to be an Official Ambassador
Take a look around the world of sport and you’ll find a number of different businesses advertising their wares. But it also seems that many sporting celebrities are choosing to promote the services of some of their favorite brands. Soccer lovers among you will immediately recognize the name of Cristiano Ronaldo and no doubt be impressed. But for those of you with little or no sporting interest let’s look at the value this broker can bring to your trading life with our Xtrade Forex broker review.
Xtrade has been around now for more than a decade so can be considered an established broker. It is owned by XFR Financial Ltd which is a company licensed and regulated by CySEC. Its areas of expertise include Contracts for Difference (CFDs) but is also offers services relating to the trading of commodities, indices, shares, and foreign currencies. With clients from more than 140 countries and offices across the globe, it can definitely be considered an international broker with an enviable reputation.
Xtrade bonuses are numerous
Xtrade has decided to jump on board the bonus train and offer a wealth of different promotions for new and regular customers. However, there seems to be more emphasis on bringing in new investors with an extensive range of Xtrade welcome bonuses. Have in mind bonuses are not valid for EU traders and T&C apply.
- First Xtrade deposit bonus – A bonus of up to $6,000 is available for all those making their first deposit, There is a requirement to accumulate a certain number of trading points, however, before the bonus is added to the trading account. And if this requirement is not met the bonus offer expires.
- 77% Xtrade bonus on all deposits made in first 7 days – This bonus is awarded by Ronaldo himself and is a 77% bonus on every deposit made within the first seven days of opening a trading account.
- Phone verification bonus – A $20 cash bonus is waiting for clients who verify their phone number and it is credited to an account and available for trading providing 300 trading points have been accumulated. Again the offer is only valid for 30 days.
- Account verification bonus – When an account is verified there is a $30 cash bonus waiting which is credited to an account and available for trading purposes provided 300 trading points have been accumulated. Once again this offer is only valid for 30 days.
- First trade on Xtrade bonus – A refund on losses up to $120 is waiting to cover your first trade with Xtrade. There are terms and conditions linked to this offer too.
- Special Xtrade VIP package – Become a VIP customer and you get to enjoy the benefits of a persona account manager, exclusive bonuses, special offers and promotions, valuable gifts and special financial terms.
Quite an array of promotions you have to agree. But most come with some hefty requirements. Don’t let these trip you up by ensuring you have read and understood any terms and conditions. As long as you read them and can comply there is nothing wrong with taking advantage of one or more of them.
Choose an Xtrade demo account or jump straight in with a real money account
Many of you will be pleased to learn there is a demo account option, as there is no better way to start your Forex trading journey than with the opportunity to trade without risking any real cash. With an Xtrade demo account, you get to find your way around the Xtrade platform as well as getting a feel for the broker’s service. Being able to experience the Xtrade platform is going to be vital as it is not MetaTrader 4. And there is also an Xtrade mobile option. However, don’t let this put you off as Xtrade has worked hard over the years to make its own proprietary platform very user-friendly. Once you’re ready to step up and experience live trading there is only one account option which many will find agreeable. And we certainly have to agree it is a one size fits all kind of account. Minimum deposit is only $100 and variable spreads are offered which average at around 0.3 to 0.6 pips. There is a handy trailing stop feature and hedging is allowed along with pending orders and automated trading.
Making an Xtrade deposit or withdrawal is also quick and easy and there are a number of options available.
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You won’t get to speak to Ronaldo but Xtrade customer service is still very good
If you’re expecting Cristiano to be answering the phone in his role as ambassador then you’re going to be disappointed. However, the overall level of customer is still very good. Wherever you may be located there is a representative available 24 hours a day, 5 days a week. You can call one of the many international telephone numbers, write and email or send a fax.
To help expand your knowledge there is the Xtrade Academy you can join that offers a wide range of courses, tutorials, and videos.
Xtrade is definitely a broker that sits high at the top of our best broker list. Even if you’re not a soccer fan it is going to have something to attract you. Start off with a demo account and we’re pretty sure it won’t be long before you’re ready to up your game and make your first deposit.