XTRADE
Xtrade Europe Ltd (ex. XFR Financial Ltd) uses the trade name Xtrade that is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers more than 50 currency pairs including modern digital currencies such as Bitcoin, shares, indices, commodities and ETFs. Xtrade provides its own web-based trading platform that is also available for iOS and Android devices.
The maximum offered leverage is 1:400 and this could increase the risk of loss. However, there is negative balance protection and clients cannot lose more money than they have in their account. That means the platform closes all position due to insufficient margin.
Clients should know there is slippage and their orders could be executed at a different than expected price (close to, or several pips away from requested price, Xtrade claims). Slippage usually occurs during periods of high volatility (news announcement, economic events and so on.) In such cases, market orders can be re-quoted as well. Stop Loss and Take Profit orders are non-guaranteed.
The minimum deposit is USD100.
XTRADE acts as a market maker and stands as a counterparty to the customers, which could lead to potential conflicts of interests with them.
There is so called Education Center on the website that contains some useful resources such as video tutorials, e-books, glossary etc.
