Xtrade is a CFD trading broker headquartered in Limassol, Cyprus. Founded in 2009, Xtrade specializes in introducing new traders to one of the most popular investments available today—CFD trading. (A CFD, or a Contract for Difference, is a tradable financial instrument that mirrors the price movements of an asset, e.g., a currency pair, a commodity, a stock, or a stock index.) Xtrade has been earning considerable praise in the press lately, with mentions in the financial and business sections of major newspapers and networks. In 2016, Xtrade was mentioned in, among others, The Guardian, The Los Angeles Times, Yahoo Finance, The Independent, CNBC, and the BBC.
Xtrade’s main offering is the Web Trader, a user-friendly CFD trading platform on which traders trade CFDs on currency pairs, stocks, indices, and commodities. Unlike many other platforms, the platform is incredibly easy to navigate, featuring simple functions, automated trading tools, and pop-up alerts. Just as important, traders are offered a demo account on which to practice trading before opening a real account, meaning that by the time they start trading with real money, they are fluent in navigating the platform. The platform also makes it easy to withdraw and deposit funds; a trader can use most credit cards, PayPal, and electronic bank transfers.
Xtrade is a fully regulated CFD trading broker. This means, for example, that the Web Trader will always give accurate trading quotes, ensuring that all traders are on an equal footing. Xtrade’s parent company, Xtrade Group Ltd., is a stable, highly liquid company. Protective measures include an investor compensation fund and, most important, segregated accounts—accounts in which the trader’s assets are kept separate from the broker’s assets. Segregated accounts are essential to safe online trading, and at Xtrade segregated accounts are tied to reputable EU credit institutions.
Bonuses include, but are not limited to, the following: four different welcome bonuses—including a $20 phone verification bonus—holiday bonuses, and occasional surprise bonuses ranging between 50%-100% on deposits. Since Xtrade has a partnership deal with Real Madrid’s Cristiano Ronaldo, it frequently runs promotions for tickets to Ronaldo’s games. In late 2016, for example, Xtrade sent four new traders to Madrid; the vacation package included flight tickets, accommodation at a 5-star hotel, and match tickets to a Real Madrid game.