According to research recently done, xcritical is a Cypriot Forex broker company that provides traders with access to multiple platforms that allow them to buy and sell foreign currencies. xcritical offers CFD’s on Spot Gold and Silver as in ideal solution for long term investment or short term speculation. With a required margin of 3.33%, traders can be leveraged up to 30%, allowing maximum trading flexibility. The minimum trade size is 1 ounce of gold and 50 ounces of silver. xcritical Standard Account offers intermediate level traders the opportunity to enhance their trading skills paying competitive commissions. Make the most of every trade with xcritical’s tools which are designed to help you rapidly spot trading opportunities and expertly execute your trading strategy.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. An economic calendar is a vital tool in trading that offers forex traders updated information on economic announcements and releases. Events such as these may affect the financial markets and the trading activities of various forex traders. This account offers professional forex traders with competitive trading conditions.

Review Methodology

I like how the transactional records are properly audited and periodically submitted to the regulators. Statement from your brokers, banks, pension funds and/or other financial institutions depicting the size of your portfolio. Before starting to trade, potential clients of xcritical should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. xcritical offers customer support around the clock for five days a week, excluding weekends. Support channels include email, phone calls, and live chat support. If a broker experiences any abrupt changes in legal status, traders can be remunerated up to €20,000 from the Investor Compensation Fund .

  • Any following withdrawal transactions will have a $40 commission or €30 for EUR profiles.
  • We know you don’t want to read a long review of an untrustworthy broker.
  • xcritical 2.0 utilizes top-tier network servers and infrastructure for lightning-fast, steady, and reliable connection.
  • All major bank cards are accepted for deposits into your trading accounts.

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 xcritical official site will also be sent via a bank transfer. Wire transfer or bank transfer is a method of electronic funds transfer made from one bank account to another bank account.

It means that you can choose any of the platforms and can utilize the full range of features available. This includes access to the xcritical market where traders can download free and paid trading tools to further enhance the platform capabilities. When traders use xcritical’s margin leveraged accounts, they should maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin carries a high level of risk. xcritical customers can access research tools on their chosen trading platforms and also find an extensive range of research resources on the company website. The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. xcritical provides services to clients all over the world, hence it allows deposits in US dollars and Euros.

There is no risk or obligation involved since you use virtual funds. With this account type, you can trade at a competitive and transparent level, with endless market depth. It also has the advantage of a phone dealing desk and lives support.

Trading platforms accessible on xcritical

As with currency exchange markets, commodity markets offer different investment opportunities foxcriticals. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf.

xcritical leverage

Traders can also utilize the demo account to evaluate and compare brokers who would like to explore xcritical’s trading conditions in a risk-free environment. In sort, xcritical connects traders scammed by xcritical to the US financial markets through global liquidity providers. These global liquidity providers are allowed to operate in the US financial markets through SEC and other US regulatory licenses.

Built with the needs of online traders in mind, xcritical Trader’s user-friendly interface gives you the information and tools you need, when you need them. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Overall, there are many aspects of this broker that I am really impressed with and a few areas that I can see room for improvement. I think they have a great setup for those who already have some experience trading and investing online but may not be quite as suitable for the absolute beginner.

xcritical Demo Account

This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform. With a demo account, beginnexcriticals get the in-depth learning experience in live equities that is needed to make the most of their investments. To make a long story short, the proprietary xcritical Trader is the cream of the crop insofar as their trading platforms are concerned.

  • So that we don’t waste your time, we don’t update these reviews either.
  • For example, more than 50 indicators and graphical objects, all order types, and execution modes.
  • Company will apply Negative Balance Protection, for both Retail and Professional clients, and zero the account balance.
  • I’m a forex enthusiast turned writer from the University of North West, South Africa.

The purpose of this compensation scheme is to cover claims of clients of the investment firm through the payment of compensation in cases where the firm concerned is unable. Regardless of the broker you use, you will run in to issues some point in time. If you’re anything like me, I’m busy and often need to trade on the go.

xcritical Review

As a trader, you ought to try demo trading on these diverse platforms first before settling on a decision. In spite of the fact that xcritical has a relatively little presence in the online trading markets worldwide, it is surely an important player for spot FX and CFD traders. So in case you are searching for CFD or Forex trading platform that can satisfy your needs, this one has some of the most attractive terms and conditions. The platform provides the traders direct access trading system which brings one of the fastest order routing. Orders are executed almost immediately and quotes are provided in real time displays.

  • In this way, there is extra motivation for advancing your xcritical trading.
  • By trading without mark-up, clients save tens of cents per share in commission and spread on every trade.
  • Brokers work on behalf of their customers, seeking out the best price on market shares and making deals for their clients.
  • This includes pros, cons and an overall rating based on our findings.
  • Therefore, because of the exceptional quality of their item offerings, this broker is suitable to choose for your trading, especially if you are an experienced trader.

Our real time Forex charting tools offer advanced technical analysis in an intuitive, easy to use, interface. xcritical provides its investors access to the world’s most trusted markets, including NASDAQ and the New York Stock Exchange. We are committed to providing reliable, low-cost trading to all our clients. xcritical has long-standing relationships with many of the top global banks. This is the best place for you to test and come up with different trading strategies to best suit you and hone your skills under real market conditions.

Does xcritical charge commission?

Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss. CySEC also provides protection of client funds by requiring it to be kept in segregated accounts, which can only be used to maintain a trader’s order in the market. This way, you can be guaranteed that xcritical has met all the regulatory law requirements set in European Union. Furthermore, your funds are protected with this broker as they have to be kept in isolated bank accounts.

Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. xcritical 2.0 utilizes top-tier network servers and infrastructure for lightning-fast, steady, and reliable connection. The connection status and quality are critical, so you can always see the response time of the server in milliseconds in the right corner of the top menu.

The xcritical mobile app offers forex traders access to a variety of stocks, ETFs, ADRs, and more financial instruments. Forex traders can access their trading account through the app, monitor their account balance, risk level, and several other details. The xcritical MultiTrader is one of the simplest and easiest to use trading platforms. It offers a strong solution to the daily challenges of online trading by offering institution-grade technology. I like the xcritical as it is a modern trading platform that offers swift order executions and real-time quotes in dynamic displays.