xpartners.com in short
X.P.X. PRNS (xPartners) is another registered trademark of Goldenburg Group Limited. It is licensed to provide investment services and is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC). xPartners strives to offer the best online trading opportunities for a wide range of assets by providing the STP execution model, the company claims. Currency pairs, indices, commodities, and shares are available for trading through the platform, which has become an industry standard – MetaTrader 5 (MT5). Spreads are floating and you can start trading by depositing USD100.
Regulation
It is a good starting point to check the company’s regulations. xPartners is a trading name of Goldenburg Group Limited, which is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 242/14. The company declares to protect clients’ money at the highest level in accordance with the Markets in Financial Instruments Directive (MiFID II) and the strictest regulatory standards issued by the CySEC. Goldenburg Group Limited is a member of the Investor Compensation Fund (ICF), which guarantees payment to clients in the event of the company’s insolvency.
Account Types
xPartners provides one type of real account with the same conditions for all groups of traders. Instruments are offered with floating spreads, and the average one is 3 pips for the EUR/USD pair. The minimum deposit is USD100 (deposited by credit card or e-Wallet) or USD250 (made by bank transfer). The leverage can be up to 1:30 for retail clients and up to 1:100 for professional ones. You can also own physical shares, but this involves a management fee, which will be charged at the end of each working day on Wednesdays it will be multiplied by three). The margin call will be triggered at the 100% margin level and the stop out will be triggered at the 50% margin level.
Does xPartners Really Use the STP Execution Model?
The company, which stands behind the xPartners is Goldenburg Group Limited and customer’s orders will be filled in accordance with its Order Execution Policy. Therefore, you should check this file to be informed what type of brokerage the company is. We found out that Goldenburg Group Limited does not execute client orders as a principal to principal against the client; therefore, the company is not the execution venue and transmits each customer order for execution with third parties – its liquidity providers. This confirms that Goldenburg Group Limited really uses the Straight Through Processing (STP) execution model and there is no direct conflict of interest that is related to market makers.
There is a warning about slippage, which may occur under certain trading conditions, such as periods of sharp market movements or gapping. Then the execution of orders at the requested price will be impossible and they will be filled at the first available market price. Keep in mind that all types of orders are subject to slippage and stop loss orders are not guaranteed. They will be fulfilled at the first/next available market price.
All retail clients are covered by Negative Balance Protection. This means that they cannot lose more than the funds they have in their trading account.
Fees
In addition to the usual fees that customers pay during trading, such as spread, swap and rollover, Goldenburg Group Limited will charge you some additional fees. If there is no trading activity in your account for more than six months, it will be classified as inactive. Inactive accounts will be charged a monthly maintenance fee of up to EUR40. In addition, all transactions on Italian CFDs and ITA40 are subject to Financial Transaction Tax (FTT) between EUR0.25 and EUR200 depending on the nominal transaction value.
Deposits and Withdrawals
Customers can top up their accounts by bank transfer, credit, or debit cards and dotpay. The minimum deposit made by credit/debit card is USD100 and the maximum deposit is USD10,000 per transaction. The minimum deposit amount by bank transfer is USD250.
Withdrawals are available via the bank transfer only.
xPartners does not charge any commission on customer deposits or withdrawals but all fees of intermediary banks are covered by the customer.
Trading Platforms
You can trade the offered CFDs via one of the most modern terminals – MetaTrader 5 (MT5). MT5 is a powerful trading platform that has an instinctual interface and a large range of innovative features. All popular MT4 features stay and new ones have been added. You can use already developed plug-ins to accelerate your trading. In addition, there are 21 different timeframes, 38 technical indicators, six new pending orders and many analytical tools. The terminal is available as a desktop version and as mobile app for iOS and Android devices.
Assets
Currency Pairs – CFDs on 62 major, minor, and exotic currency pairs are available for trading. The typical spread for the EUR/USD pair is 3 pips and the leverage for retail clients is 1:30. Some of exotic pairs can be traded during the working time only.
Indices – CFDs on 14 of the world most traded indices are available including DAX, Dow Jones Industrial Average (DJIA) and CAC40. The typical spread for DJIA and DAX30 is 20 points. Leverage is 1:20 for major and 1:10 for minor indices.
Commodities – 23 of the most traded commodities can be traded as CFDs including Gold, Silver, Oil, and Natural Gas. The typical spread for the Gold is USD1.6 and it is USD0.09 for Crude Oil.
Shares – The company offers CFDs on shares of global companies such as Apple and Google. Shares include more than 600US, near 200 European, 8 British, 9 Hong Kong, and 18 Swiss companies. You will be charged a commission starting from EUR20.
Summary
xPartners is another brand of Goldenburg Group Limited, which has a CySEC regulation allowing it to provide financial services across European Union (EU). The company uses the STP execution model avoiding the main conflict of interest. The company provides a wide assortment of trading instruments via the MT5 platform. There is only one type of real account and you must invest USD100 to open it. The spreads are a bit wider than usual. Deposits and withdrawals are processed free of fees, but all fees of intermediary banks are covered by you.
