Forex holidays can significantly affect the trading schedule and the volatility of the market. Using the holiday calendar, you can take a look at the list of exchange market holidays and stay up to date with all upcoming changes to the trading schedule. I always like to check for any pending market news before making any trade decisions just to make sure that I don’t get caught out on the wrong side of a particular news event.
- XtreamForex provide clients with one of the most popular and powerful forex trading platforms, MetaTrader.
- Moreover, scam brokerages love the Marshall Islands, as the registration is very easy and acquiring the license is very cheap.
- The broker has social media accounts on almost every platform – Facebook, Instagram, Twitter, LinkedIn, and even Pinterest.
- I think demo accounts are a great way for you to trial the broker and see if they have suitable conditions for your strategies before making a commitment.
To carry out your deposit/withdrawal, you will need to log into your secure client portal, navigate to the Fund Transfers section, choose Deposit/Withdraw Funds, fill in the form, and submit it. Please note that the funds must be withdrawn by the same method used for the deposits. It has all of the essential features and functionalities of the MT4 trading platform, along with some additional features and extended functionalities. Such A bad Expereince with Xtreme they are totally theif, they Deduct a money from my account without Inform me. When I ask for Clarifications, they reply we have to deduct Blah Blah charges. Such a pathatic customer services, Even I request to close my account and refund my amount in to my account they are not responding at all.
Customer Support
All of the above trading account types can be funded with either credit or debit cards, bank wire transfers, or the usual e-wallet services like Skrill, Neteller, FasaPay, WebMoney, and others. In addition, Xtream also accepts bitcoin deposits and withdrawals, which in recent years has become common among offshore-based brokers. The broker claims that it is a well-established and reliable brokerage that is constantly growing on the International market. TradeMax does not state which countries do they provide with the financial and trading services.
That being said, most of you can probably more than get by with the plethora of trading tools that are already included within the MetaTrader platforms. They are absolutely stacked with excellent tools for conducting detailed market analysis. Not to mention, you can get loads more in the MQL marketplace and can even develop your own tool in the MQL language.
- I think this is quite limited and would like to see them improve by providing alternative currencies, especially when you consider that they serve traders around the globe.
- It indicates that the broker is not regulated and hence does not have any authorization to offer its services to the residents of any country.
- That’s simply because they do not have a license from any regulatory body.
- The broker does not charge any commission for deposits nor withdrawals but fees may apply from the respective banks or payment processing companies.
Either the broker goes extinct or they improve their services and fees. The cases where the young broker remained the same were very rare. In XtreamForex’s case, the improvements are clear and positive which is very good for their clients. XtreamForex is an online retail broker for traders who wish to enjoy all the benefits of trading with the popular MetaTrader platforms — the MT4 and MT5 trading platforms.
Trading platform
The low minimum deposit and high leverage are the main tricks the broker uses to lure customers and make its services attractive for them. Overall, our verdict of XtreamForex review is that the broker cannot be trusted and it is better to find an international brokerage that is regulated by the reputable regulators and offers truly good service. Trading with XtreamForex comes with a lot of perks but also some downside, mainly the lack of regulation. The broker offers a vast selection of asset classes available to trade via the intuitive and user-friendly MetaTrader platforms for desktop, web, and mobile devices. The broker also has very favourable trading conditions, including pure STP/ECN execution, convenient funding options, and more.
A regulated broker equals a more responsible trading environment. The broker has an up-to-date news section that contains the latest updates on the events in the financial markets. It provides traders with a comprehensive overview and insight of global markets, and as such, it can be used for fundamental analysis. The news also helps traders to stay aware of the events that take place in the financial markets.
If like most traders you would prefer to trade with a regulated broker, then Forex.com are one of the most well-regulated brokers that you will find. In addition to the MT4 trading platform, the broker provides traders with the MT5 trading platform. It is an advanced trading platform that was developed in 2010 by MetaQuotes following the success and popularity of the MT4 trading platform. The mobile trading app is designed to suit the trading needs of traders who wish to place trades and check trading positions while on the go, provided there is an internet connection. 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.
Instruments Traded
Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account. The account type that you opt for is likely to depend on your investment size and trading strategy. Generally speaking, the combined spread and commission fees are very competitive and inline with what many other brokers provide.
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The broker provides traders with various competitive trading conditions to give their clients an edge in the market. In addition, a live account can be created with a minimum deposit of just $5. XtreamForex offer a range of forex and CFDs for trading online via the user-friendly MetaTrader platforms.
In this case, the broker mentions withdrawals being free of charge which is a very good approach. XtreamForex Customer support is available 24/5 during market opening times via email, telephone and live chat. The broker believes in building long-term relationships xtreamforex review with clients and all the people who work with them. I have had a hit and miss experience with the support team to be fair. Sometimes they are really quick and helpful, other times they have been quite slow to respond and not answered my concerns.
Account Types
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Top 3 Forex Brokers
It is important for me that I am using a broker who I can trust because they must follow strict rules and procedures that have been put in place to protect investors. Unfortunately, XtreamForex are not currently regulated which is disappointing as they are a fast-growing ECN broker. They are operated by Xtream Markets Ltd and registered in the Marshall Islands. If you would prefer to use a regulated broker, AvaTrade have an excellent range of trading products and services, whilst they are regulated in multiple jurisdictions to give you peace of mind.