There may still be room for improvement for traders who seek excellent educational support – such as Fortrade, which partnered with Trading Central, an industry-leading analysis software. Compared to well-established, regulated industry leaders like Plus500 or FP Markets, Xtreamforex has a tighter range of assets available. There is also no proprietary trading platform available, unlike AvaTrade, for instance. If you want more choices in terms of assets and trading platforms, you may want to check out these brokers instead.
What funding options does XtreamForex offer?
The broker claims that it is a well-established and reliable brokerage that is constantly growing on the International market. TradeMax does not state which countries do they provide with the financial and trading services. As understood from the website, anyone can register with the broker, however, it targets English, Vietnamese, Arabic, and Nigerian traders since the website is available in these languages. The brokerage is operated by the company Grand Investing Ltd, which is registered in the Marshall Islands.
Deposit & Withdrawal Methods
The claims of XtreamForex, a broker allegedly operating since 2015, cannot be corroborated by a reputable regulatory body. Therefore, it’s crucial to exercise caution and consider licensed alternatives. The firm has faced allegations of fraudulent activities, such as aggressive marketing tactics, lack of transparency regarding risks, and difficulty withdrawing funds. To avoid such scams, you should do your due diligence when selecting a broker. Additionally, avoid brokers that promise guaranteed profits or high returns without risks, like XtreamForex, and Maddex Capital. In addition to offering a diverse range of platforms, a broker must be ethical and regulated.
Does XtreamForex offer Islamic accounts?
I think this is quite limited and would like to see them improve by providing alternative currencies, especially when you consider that they serve traders around the globe. XtreamForex Customer support is available 24/5 during market opening times via email, telephone and live chat. The broker believes in building long-term relationships with clients and all the people who work with them. I have had a hit and miss experience with the support team to be fair. Sometimes they are really quick and helpful, other times they have been quite slow to respond and not answered my concerns. It is a minor hiccup but I do consider customer support to be up there with regulation when it comes to my broker reviews.
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. XstreamForex is an online brokerage firm that gives traders around the globe access to trade in various asset classes including Forex, Cryptos, Indices and Stocks. They state that all client orders will be passed straight through to their liquidity providers – therefore there is no dealing desk intervention or conflict of interest.
The mobile trading app is designed to suit the trading needs of traders who wish to place trades and check trading positions while on the go, provided there is an internet connection. XtreamForex provides you with online trading and investing via the common MT4 and MT5 trading platforms. These are advanced trading platforms that ensure the seamless trading of various financial instruments. The trading platforms are available in desktop, web, and mobile versions.
The ECN account is ideal for frequent traders pursuing tight variable spreads. In addition to these standard account types, Xtream also offers certain “social trading” features such as copy trading. Here, it’s possible to xtreamforex review sign up either as a copier (“investor”), or as someone who shares trades with others (“fund manager”). In addition to this, Xtreamforex may not be for you if you’d like to join a proprietary platform, rather than the industry standards, MetaTrader 4 and 5.
What withdraw method do they offer?
In order to open an additional account, you need to login to the Client Area, click on “Add a New Account” and then choose the account type, base currency and leverage. You can manage multiple accounts by using the MT4 MultiTerminal platform, which you can request by sending an email to customer support. XstreamForex have a good variety of 5 different account types to suit different trading styles and investment sizes. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account.
Yet, traders without sufficient trading experience must do their due diligence before signing up with any 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). So, the broker teamed up with some of the finest providers to offer free VPS hosting access to their clients for exceptional trading conditions with security and flexibility.
There is a strategy tester for back testing EAs over historical data and large online MQL community where users share ideas and tools. The broker offers 56 Forex pairs, 6 commodities, 34 cryptos, 11 indices, 2 futures, and 54 stocks. One interesting fact about the broker it does not mention offering commodities at all. With these instruments, it is possible to trade all major markets of cryptos, stocks, and FX pairs from one platform and do this with low spreads and acceptable trading conditions. As we have mentioned in our previous reviews there are two things we see about revisiting the Forex brokers.
- I have bever felt the need to switch to another platform is it does everything that I need it to and much more.
- Muslims can register swap-free accounts and trade on common terms.
- A VPS runs virtually imitating devoted server environments within a large Servers.
- This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
Unfortunately, those who pay these fees may end up losing more without gaining access to their balances. We help you find the best Forex brokers, discover top online trading courses, explore the best promotions, and stay updated with the latest industry news. No, unfortunately XtreamForex does not currently accept clients from the United Kingdom, Canada, Japan, and certain other restricted jurisdictions including parts of the United States. Traders in those countries cannot open accounts due to regulatory restrictions. XtreamForex is however available to most other countries around the world.
- For example, XtreamForex provides free VPS, deposit bonuses, and trading bonuses.
- However, each of these promotions has conditions that need to be reviewed to assess the usefulness of connecting to a specific option.
- The only base currency allowed is USD, so you will have to cover additional exchange fees if your local currency is different.
Their customer support team is also helpful and responsive when issues arise. However, XtreamForex has some drawbacks, such as variations in trading conditions across account types, the absence of a referral program for individual traders, and unavailable weekend client support. The lack of Tier-1 regulation may be concerning for risk-averse individuals. Despite these issues, XtreamForex could suit traders who prioritize flexible leverage and low starting costs, with a risk preference adaptable to lesser regulatory oversight.
This is a benefit as many other brokers often provide this service for a monthly subscription fee (such as Turnkey, for instance). No, your money cannot be safe with an unregulated broker like XtreamForex. Those who deposit over $500 can receive up to 30% of the trading bonus with extended equity. Traders who deposit over $1,100 are eligible for a 100% rescue bonus.
XTREAMFOREX is a rapidly growing Forex broker known for its wide range of trading products and services. Targeting both new and professional traders, the platform offers Forex, commodities, indices, and cryptocurrency trading. Established for its robust trading infrastructure, XTREAMFOREX is appreciated for its competitive spreads, fast trade executions, and personalized customer support.
Theo’s trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders. XtreamForex provides its clients with a range of trading platforms, including MT4 and MT5, as well as a web trader platform. On the surface, this seems like a smart move by the company to cater to the different needs of its clientele.