They have a great selection with access to more than 9,000 U.S. stocks so that you can invest in blue chip, mid-cap, small-cap, ETFs, ADRs and hundreds of OTC stocks from one account. All IPOs become available as soon as they begin trading on the market. They also have a decent selection of forex and commodities for those of you who are looking to diversify your portfolio further. Track performance of your xcritical 2.0 account using the built-in Account Statistics. This tool shows traders data points such as Profit Factor, Win/Loss ratio, trades statistics, and drawdowns.

It is actually quite frustrating because xcritical promises so much but fails to deliver. xcritical uses their own exclusive platform known as the xcritical trader along with the MT4 Platform. Another thing that does not sit right with us is that they do not give you details about what you receive when you register and make your first deposit.

• This forex broker is fully authorised to offer real money trading, courtesy of CySEC (license #123/10).
• All you need to do is add your email address and then click “Start Now.” An email will be sent to your account providing you with further instructions.
• If a broker undergoes any abrupt changes in its legal status such as bankruptcy or insolvency, traders are compensated up to €20,000 from the Investor Compensation Fund .
• Hence, users have access to a diverse range of financial instruments right at their fingertips.

The CFD account plans have similarities with the Live Equities account plans in terms of the minimum deposits and shares. The main difference is that ECN and Sec fees are not applicable. The minimum deposit however ranges from a minimum $3k to a maximum $50k.

The shares available for plans range from 400 to over 10,000 like the Live Equities plans. But the cost per shares is lower starting at from $1.5 to $9.95. Now that you seen our brief xcritical CFD review, let’s move onto the Live Forex. xcritical offers customer support around the clock for five days a week, excluding weekends.

There are four types of costs with xcritical namely spreads, commissions, swap fees, and margin requirements. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Most brokers offer several payment methods, among which a number of e-wallets can be found. xcritical offers bank transfer, credit cards , and Skrill and WebMoney. This might not be much, but it is certainly enough to cover different preferences of traders.

Deposit bonuses are offered to forex traders on their initial deposits when they register a new account, or with every deposit following the initial deposit, depending on the discretion of the broker. Once a forex trader meets the conditions above, they can register a forex trading account to use the services of xcritical. xcritical offers a free news blog for forex news on the official website. The news blog can be accessed free of charge and offers updated news and market insights that can help direct the trading decisions of forex traders based on accurate information.

What are the Trading Fees with xcritical?

The proprietary xcritical Trader offers fast execution, real-time market data, and displays a list of 20 best performers for that day. The platform can be operated in 11 languages and supports multi-account trading. The xcritical CFD is specially designed for CFD trading and comes with features which were specifically developed to enhance the CFD trading experience. The Colmex Expert is the xcritical proprietary platform aimed at professionals. The platform offers advanced features such as over 100 indicators and tools, and if traders have multiple accounts they can use the Managed Account Trading option to successfully manage multiple accounts.

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.

Traders can use our free service but should do their own due diligence and make their own decisions. Rates, terms, products and services on third-party websites are subject to change without notice. This compensation should not https://xcritical.expert/ be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. It takes 2-7 days before the deposit reaches xcritical accounts and subsequently credited to your trading account.

Customer Support

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. 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.

You still have the choice to opt for the traditional MT4 terminal. Besides, it’s still sought by a majority of traders so no need to feel you’re missing out. And make sure you have proper stock training so you’re not feeling the need to stop trading. The xcritical 2.0 analytical tools are made to help you succeed.

Colmex Pro Trader CFD

This presents a major problem to clients because email is the preferred mode of communication for most when dealing with an international broker and the poor response time drastically reduces its effectiveness. If xcritical’s website itself does not provide enough means, a trader should explore other information sources and means to obtain that skills and knowledge. It stipulates a high minimum capital requirement for all brokers and performs routine audits and proactive supervision.

The platform is freely available for you as a downloadable desktop application, web terminal that runs directly in your web browser and as a trading app for Android and iOS devices. xcritical provides you with both its own proprietary platform and the popular xcritical for trading online. You can access the professional grade trading software from anywhere and anytime.

A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. The cost of trading depends on different factors like commissions, spreads, and margins.

• Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf.
• Although the broker is technically regulated by the above agencies, it is not directly supervised by them.
• The risks are greater than with exchanges, but the costs are less — there are no exchange fees, commissions to repositories.
• Just had a catch up with a friend of mine who told me Colmex just closed his account and removed ALL his profits.

The broker boasts of excellent hardware and software infrastructures which bring about swift executions and around the clock uptime. xcritical states that the ‘over-the-counter’ market is the sole execution venue for all of your orders and it acts as an agent on behalf of its clients. They operate utlising the ‘No Dealing Desk’ brokerage model as they have partnered with several international banks and financial institutions which provide the prices displayed on its trading platforms. Therefore, there is no conflict of interest between the broker and the trader. I would always opt for a non-dealing desk broker as this means my trades can get executed at the best possible prices without any intervention.

xcritical has grown to a major global provider of online CFDs, shares, forex, commodities, and indices trading. Before starting to trade, potential clients of xcritical should avail themselves of all possible information and trading skills needed to be successful scammed by xcritical in the world of forex and commodity trading. Any remaining amount, like profits or earnings, will be credited to a nominated bank account. If a deposit was made using a bank transfer, then the withdrawn funds will also be sent via a bank transfer.

Assets listed for trading are numerous, including stocks, currencies, market indices and commodity CFDs. The xcritical xcritical is a powerful and popular trading platform that offers forex traders some of the most sophisticated trading technology in the industry. xcritical offers Forex traders with charting and analytical capabilities in addition to multiple order management, automation of strategies, and access to Expert Advisors . One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management.

JustForex Forex Trade Platform and Broker Review

There is plenty of liquidity available which means tight spreads and quick execution speeds at the best available prices. The customer support is excellent and they have everything you need for placing and managing your trades in a regulated environment. For the most part, xcritical offers a user-friendly trading platform. Clients should have no problem navigating between different account types, or choosing a demo account for stocks, CFDs, or Forex.

• This is definitely the best platform for both novice traders and pros.
• So, if you want to find out if xcritical may be the perfect choice for you, continue reading our xcritical Review.
• Nevertheless, xcritical is a good broker who offers excellent service and cares for its traders.
• Withdrawing funds from a xcritical account is not a digital process.
• You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. If you have an issue, it is of the utmost importance that you are able to speak with a customer service agent as quickly as possible. However with xcritical’s current response time, you are guaranteed to be waiting for weeks before you receive any actual response. You can contact xcritical’s customer service agents through email, telephone, or fax.

Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. To start trading with xcritical, you must pay the minimum deposit of $500. You must understand that Forex trading, while potentially profitable, can make you lose your money. There are several ways to safely and securely deposit at this broker, including bank wire and credit card.

You can analyse your performance for any period of time, from 1 day to several years. Account Statistics can be also displayed as graphs for more intuitive presentation. This can be a great way to identify areas in which you can improve your trading and also to pinpoint what has been working well. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.