Regulated by: None
Headquarters: United Kingdom
XTraderFX Review & Author's Comment
XtraderFX is an unregulated broker with a focus on crypto currency trading. The website claims that the Broker is owned by GPay in the U.K. but lacks a lot of important information such as XtraderFX spreads, XTraderFX account types, XTraderFX leverage.
XTraderFX performs poor on reliability department because it is an unregulated broker and FCA issued a warning against XTraderFX saying that the Broker is offering its services, illicitly, to customers within the UK.
Since XTraderFX offers trading services in only cryptocurrencies, traders cannot invest in forex pairs, commodities, Gold, Oil, company shares and stock indices. I should say that XTraderFX is not very generous in terms of available trading instruments. The Broker only offers three cryptocurrencies at the moment; Bitcoin, Litecoin, Ethereum.
Is XTraderFX reliable? No. Does XTraderFX offer favorable trading conditions? No. Does XTraderFX offer low spreads? We don’t know because there is no information on the web site.
There are lots of unknowns and question marks about XTraderFX. Therefore, I would not personally open an account and trade with this broker, neither I would recommend my followers to do so. Instead of XTraderFX, you should try the brokers at the top of my list.
Headquarters in the UK but no FCA regulation. Warning from FCA. Very low reliability. Cryptocurrency focus but only three types of cryptocurrencies to invest.
|Adress:||18 Stoke Road, Slough, United Kingdom, SL2 5AG|
|Phone:||+44 203 695 3585|
|Cryptocurrencies:||Bitcoin, Ethereum, Litecoin|
|MAM / PAMM Account:|
|Funding Methods:||Wire Transfer, Credit Card, Cryptocurrencies|
|Withdrawal Methods:||Wire Transfer, Credit Card, Cryptocurrencies|
|24 Hours Support:|
|Languages:||English, German, Spanish|
|Supported Platforms:||XTraderFX Platform|
|Negative Balance Protection:|
|Accepts Clients from the US:|