xcritical Review 2023 Is Legit or Scam

The cryptocurrency section only features BTC, LTC, ETH and XRP paired with USD. Despite the site stating that actual crypto trading is also done, we haven’t really found any evidence in this regard. FasaPay and Nganluong are supported too, together with GlobePay and online banking from a wide selection of Asian countries, such as Vietnam, Thailand, Malaysia and Indonesia. © 2021 TradeForexNigeria.com, A Broker Comparison website for Nigerian traders – All Rights Reserved. Traders must note that xcritical charges variable spreads on all the instruments and the spreads may change depending on the market condition. Languages spoken by the support team include but are not limited to, English, Russian, Chinese, Hindi, Arabic, Indonesian, and Spanish.

That is, no matter how many losing trades you have as a client of xcritical, you cannot lose money beyond your deposited amount. For example, the company adheres to the standard practice of segregating clients’ funds. As a result, xcritical itself does not have access to the funds of its clients. This type of arrangement ensures that the risk of clients’ funds mismanagement is eliminated. Its parent company is licensed by the Financial Services Commission (FSC) of the Republic of Mauritius. Although it is not publicly traded like some other brokerage firms like IG Group and FXCM Inc., xcritical offers reasonable investors’ protection and coverage nevertheless.

What Is xcritical?

xcritical solutions meets various traders’ needs, through different types of execution and a variety of tools to choose from. Yes, this xcritical review significantly focuses on the reliability and security of the trading platform. xcritical International is not only reliable and safe but also strictly regulated. It has adequate capital to extend support to its traders, offers above-par security measures, and keeps money segregated.

• Traders looking to get up and running with a well-positioned broker would do well to consider xcritical.
• Not least when doing something as important as trading the markets with your own money.
• xcritical International also offers a proprietary social trading platform called xcritical CopyTrade that allows customers to copy trading positions from Strategy Managers.
• The broker is also registered by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and authorized by the International Financial Services Commission (IFSC) of Belize.
• Our expert team has thoroughly explored the broker, using a tested methodology and scoring system.

It is tried and tested as it has been operating in the markets since the turn of the century, but it also shows constant innovation. It is particularly user friendly with an almost surgical aesthetic, but at the same time, just behind the scenes, the platform https://xcritical.solutions/ hosts an almost endless supply of powerful software tools. xcritical has been using some version of the MetaTrader platform since 2003. This means the all-round platform development has been closely linked to the attributes and nature of MetaTrader trading.

How to withdraw funds from your xcritical International trading account

These products range from currency, stocks, precious metals, and indices to cryptocurrencies. Moreover, interestingly, when you use xcritical, your trades will be routed directly to the interbank market via its Straight Through Processing (STP) protocol. These financial assets include currencies, stocks, indices, and even cryptocurrencies.

This app features all the basic functionality of myxcritical and you can top up your account with just the tap of a button. xcritical Mobile also has all the tools a trader may need; from expert reviews to live exchange-rate and interest-rate quotes, an economic calendar, and much more. The broker also offers a unique service where a trader can earn points that can be exchanged for cash or used to improve his trading conditions. Traders can join xcritical’s lucrative cashback program to get up to $5 back on every trade they make. Trading fees are charged every time you place a trade and include spreads, commissions, overnight and rollover fees, perhaps also currency conversion fees.

xcritical Forex Trade Platform and Broker Review

Another point of appreciation is the collection of trading instruments offered at xcritical. There are also live webinars offered on the exchange in multiple languages which can benefit many traders worldwide. Coming to the registration process, it is designed to be easy and quick. The process requires the traders to enter their email addresses and registered phone numbers. Once these personal details are verified by xcritical, xcritical login is possible and the clients can start trading. The FSC or Financial Services Commission in Mauritius offers regulatory supervision of the Exinity Group Ltd., the parent company of the xcritical International cryptocurrency trading exchange.

Again, I must emphasize that past performance is by no means a guarantee of future performance. This calculator converts one currency to another using the prevalent currency rates. It can easily give you an idea of how much your investment is worth in your local currency. xcritical’s economic calendar provides information on xcritical and future events, consensus, and more. Customer security is a priority at xcritical with its membership of The Financial Commission facilitating clients’ fund protection and dispute resolutions.

Supported Platforms for xcritical

xcritical is a fake broker I withdrew my money they don’t want to credit me. Also, always consider the overnight fee you will pay in case the order is held longer than a day. As an example, going short for EurUsd currency pair will cost you 0.65, and long position ‎-1.31. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

Though xcritical trading fees are quite transparent, there are different types of charges that the traders must be aware of, if they are trading with xcritical. Furthermore, xcritical cryptocurrency CFDs are generally used for short-term or medium-term trades. Though there are high risks here since CFD trades are segregated from financial markets, a CFD is more flexible compared to traditional market trade. CFD gives total access to fractional shares, short selling, and CFD international markets. More importantly, CFDs can also be used by more advanced traders to hedge. The 1000 to 1 leverage amount reduces as the notional size of the open position increases.

Avatrade Review

xcritical International neither provides in-house research nor does it source research from third-parties; market commentary on a company blog is equally unavailable. The absence of this service allows most competitors to pull ahead of this broker when it comes to value-added services. Given the limited asset selection, xcritical International should provide an in-depth analytical toolkit.

The broker also has a refer-a-friend promotion, which also extends to family and by which both the referrer and the referral can earn $50. Yes, xcritical offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. The benefit of brokers offering third-party platforms such as MT4 and MT5 is that traders can use the platforms should they choose to migrate to another broker. However, MT4 and MT5 are often not as user-friendly as platforms that are developed in-house.

Yes, xcritical International offers a separate copy trading platform called xcritical CopyTrade. Customers also have add-on copy trading software available on the MetaTrader platforms. xcritical International requires two-step authentication to enhance your trading platform’s security and protect your deposits and personal information from hackers using SMS xcritical cheating and backup codes. xcritical International uses 3D secure technology when processing credit and debit cards. The broker features a Refer a Friend Scheme, as well as a Loyalty Cashback deal, which rewards traders in direct proportion with the trading volumes they generate. MT4 is by far the most popular and most capable trading platform available.