xcritical Review 2022 In-Depth Findings & Ratings

xcritical could be more transparent around security used in their proprietary platforms. There are also mobile adapted scale and scroll charts, which allow you to trade directly with just one tap. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. The backing of a solid customer support team helps clients trade with confidence, knowing that assistance is just a few clicks away. xcritical provides various options to contact customer support, including email, phone and live chat. xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products.

• There are also some other fees to be aware of, including a monthly inactivity fee of $30 for CFD accounts and $55 for equity accounts.
• This being said, clients can log in to the xcritical website and make deposits and withdrawals at any time.
• Whenever you want support, is very easy to contact them, and when they say that they will call you, they do call you…..
• Yes, the broker offers a trader demo where you can practice your trading skills with virtual money.

xcritical supports several funding methods, including credit and debit card payments, bank wire transfers and PayPal. Helpfully for UK traders, the firm accepts deposits and withdrawals in GBP, using a London-based intermediary bank to eliminate international wire transfer fees. For Stock CFDs, the tiered plans on offer are Bronze, Silver, Gold, Platinum and Diamond. Minimum deposits in the Bronze plan start at $500, with a minimum order of $1.50. The broker’s MultiTrader offers a robust institution-grade platform for experienced traders.

Deposits & Withdrawals

The program is suitable for forex and CFD trading, options and stock investments. The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0. Founded in 2010, xcritical was set up by owner Meir Barak, an Israeli-born professional day trader and https://xcritical.expert/ CEO of the educational platform Tradenet. More than 8,000 registered clients have traded a total volume of over £3.2 billion through the various platforms supported by the company. xcritical offers over 9,000 US stocks, including blue chip, mid-cap, small-cap, ETFs, ADR’s and hundreds of OTC stocks.

The broker is unlikely to be a scam, but traders should thoroughly research any potential brokers before making a decision. Hantec Markets – Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing flexibility to suit any trader. EagleFX – EagleFX is an ECN/STP trading broker offering a low starting deposit and high leverage. As xcritical cheating a CySEC-regulated firm, xcritical is a member of the Investor Compensation Fund which covers client funds up to €20,000 if the broker is unable to meet its financial obligations. The broker also keeps client funds in segregated bank accounts with top-tier banks. You can fund your account using credit/debit cards, bank transfer and online payment methods such as PayPal.

Does xcritical Charge Withdrawal Fees?

Users also get access to a list of the top 20 and worst 20 performers, which is updated in real-time. MT4 is the most popular forex trading platform, offering advanced technical analysis. Both Windows and Mac users can access a range of tools to suit their strategy, including market and pending orders, instant execution, stop orders and trailing stop. xcritical MultiTrader is another platform the broker offers, allowing traders to access options and non-CFD equities markets. In addition to 2,000+ stock CFDs, the firm offers over 9,000 investable equities and ETFs from EU and US exchanges. Clients can also trade options on US securities through the xcritical 2.0 platform.

You can also choose a fixed plan, in which you pay $12 up to 3,000 shares in the Bronze plan and $9 up to 5,000 shares in the Diamond. xcritical and xcritical 2.0 are available on Android and iOS devices, while MultiTrader xcritical courses scam is only supported on Android. xcritical provides access to the markets 24/5, mirroring the forex market schedule. However, instruments such as indices and equities will follow the trading hours of their local exchanges.

Leverage

At the highest commission-based account level, spread pricing reaches as low as 0.2 pips on EUR/USD. Their platform is great, but takes a bit of time to learn all their features. I received a Dummy account with 5-1 margin ratio, and am paper trading CFDs. Great platform to day trade, really good charts, much better than Tradingview or Revolut for example.

xcritical is regulated by CySEC, the prominent financial regulator in its home country of Cyprus. However, this body does not provide equal protection to regulators like the FCA and ASIC. All trading accounts are available as swap-free Islamic variants for those who cannot pay interest for religious reasons. Registered clients can take advantage of stock IPO pricing on upcoming exchange listings before they go public. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

There is also a selection of other assets available, including 51 major, minor and exotic currencies, precious metals, energies, agricultural commodities and 9 major indices. I have used them for 3 days using a DUMMY account, trading with fake money to practise. They are friendly .they ask for feedback, and their live chat is instant in the few times I have used it. I’ve been using the platform for over 4 years and I wouldn’t change a thing. I prefer simplicity and a working reliable system when it comes to trading platforms and Colmex Delivers.

Good and easy to use Platform

xcritical MultiTraderYou can download MultiTrader from the website, or access it via the convenient web trader version. Forex are traded in 22 currencies globally, and that helps determine the respective values of each currency. We use dedicated people and clever technology to safeguard our platform. I heard about them through Tradenet, a trader called Meir Barak, who has 100s of Youtube videos showing him trade on this Platform.

Once traders have gained sufficient experience on the platform, they can apply through the broker to upgrade to a fixed plan account. These variants allow clients to pay a fixed fee that entitles them to trade a specific number of shares for a substantial discount over a tiered account commission. xcritical can refuse this request and downgrade fixed plan accounts at its sole discretion. Use our advanced technology platforms to trade in the largest market in the world, the Live Forex. With your Live Forex account, you can trade at a competitive and transparent level, with endless market depth. Also, don’t forget the added benefits of our phone dealing desk and live support, always ready to help with all of your questions and guide you through the process.

Deposit & Withdrawal Fees

For withdrawals, the first transaction of the month under or equal to $500 is free. There are also some other fees to be aware of, including a monthly inactivity fee of $30 for CFD accounts and $55 for equity accounts. This applies if there is no trading activity for 30 consecutive days. There are also overnight rollover fees, plus ECN and routing fees in CFD and equity accounts.

Unfortunately, xcritical offers none of these additional features, even for its highest-tier account holders. Many top trading firms offer margin calculators, economic calendars with market news, and free VPS access to provide clients with the best possible trading environment. The trading commissions levied by xcritical vary drastically depending on the account tier. Charges range from an astronomical £12 per side per lot with the entry-level forex account to a highly competitive £1.50 per side per lot for the Premium VIP account.

Aside from a blog which is available in English and Spanish, xcritical does not offer any additional features or tools. Compared to similar brokers such as Interactive Brokers, this is disappointing as most traders expect to see a comprehensive range of resources to support their trading needs. Yes, the broker supports trader demo accounts for all three supported platforms.

Many traders like to demo the trading conditions of a broker before committing to a full account. To this end, the firm provides a risk-free demo account to trade on the xcritical 2.0, MultiTrader or xcritical platforms. Most trading platforms, including the widely used MT4, come with standard SSL-encrypted security features and 2FA login options. These are designed to protect data exchange between client and broker servers.

We have more than a decade of experience in trading on Wall Street and other world markets, and are heavily regulated by the EU to ensure transparent, credible trades. We at xcritical offer advanced trading tools and a tailor made platform, to suite all your needs. I trade for income and for the first time this month, I requested a withdrawal for month-end expenses. 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. This being said, clients can log in to the xcritical website and make deposits and withdrawals at any time.