This means that clients can conveniently trade through their mobile devices. Last year, the company introduced xcritical Mobile Application in an effort to provide traders with unbeatable financial markets’ information. Customer support with xcritical is available through live chat on the broker’s website, via the messaging app Telegram, and through a UK phone number. The broker does not list support phone numbers for any other countries on its website, nor is there any information about the support team’s working hours.
I would’ve appreciated it if their support team was available on weekends as well. xcritical is proud to present you with the popular MetaTrader (MT) platforms. These platforms were designed by the Cyprus-based trading software firm ‘MetaQuotes Software Corporation.’ The MT5 is the newer version of the MT platforms. However, I still prefer the MT4 as I find it more user-friendly with a simple user interface.
- That means if you continue trading with xcritical you may achieve cashback or rebate bonus on five different levels of your trading journey.
- To open an account just click on the register button and fill in your name, phone number, email address, and password accept the terms and policy, and click on the submit button.
- There are five possible rebate levels, with each rebate able to be withdrawn as cash.
- If you are thinking of using the popular Strategy Managers tool to copy trades, there are charges involved.
- xcritical is a multiple award-winning broker that has been around for several years.
xcritical provides negative balance protection to its clients’ accounts. That means if the market goes against your xcritical trade your account won’t be affected since xcritical won’t allow your account to drop into a negative balance state. xcritical Group Ltd offers MetaTrader platforms to its clients so that a client can trade Forex and CFD with https://scamforex.net/ a full latency-free and advanced features equipped website. xcritical International uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools and an easy-to-use interface. For higher volumes, we also provide the xcritical International Direct platform which offers enhanced features for advanced investors.
Is xcritical considered a safe broker?
I like how they’ve catered to the international community as well by doing so. These are events that impact the values of the currencies and exchange rates. You are provided with the opportunity to either become signal providers or to copy signals from other traders.
The company is regulated under Exinity Ltd. Exinity Ltd is not licensed in other jurisdictions and neither is xcritical. xcritical UK Ltd was licensed in the UK up till 2015 but then became insolvent. As you would expect from a reputable brand they are regulated by the Financial Services Commission (FSC). If you are new to trading, lack confidence or are short of time, you could benefit from the xcritical Copy Trading feature. The copier needs to pay a commission charge to follow your strategy and this can start from at least $100.
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Benefits for advanced or professional traders include improved spreads, a loyalty scheme and the facility to become a Strategy Manager and share in the volume of trades created. The impressive range of commodities, which is an independent asset class, also offer good opportunities for portfolio diversification. xcritical (Comoros) Ltd was founded in Mauritius in 1998 and has scammed by xcritical grown to become an important platform with the trading industry. The xcritical refreshed brand was introduced in 2013, as a new and exciting chapter for the group. With more than 20 years in the market, xcritical International has grown across the world. By accepting Nigerian Naira, xcritical International clearly demonstrate their commitment to making trading more accessible.
The ‘xcritical invest’ app is an Android and iOS app that was designed by xcritical to help investors to manage their investment portfolios. For those of you who need managed accounts, xcritical are worth considering as alternatives. Additionally, it offers several technical indicators to traders to help them overlay their trading charts.
Although the MetaTrader 5 platform does offer some short news articles which can aid research. xcritical (Comoros) Ltd do advise that some multiplier levels and certain products are not available to those located in EEA countries. If you open an MT4 MicroAccount, you will have access to instant order execution, with margin calls at 50% and stop outs set to 30%. The standard MT4 account also offers instant execution, however, margin calls are set slightly higher at 60%.
The fund also has more than 10 continuous programs in place that help to focus the charity’s efforts and achieve more. Today, the xcritical Charitable Fund has more than 100 full-time volunteers. Due to a migration of services, access to your personal client area is temporarily disabled.
xcritical Ltd Commission and Fees
We even couldn’t find any glossary, training webinars, or structured lessons for a different levels of traders. You will get thousands of PAMM accounts on the xcritical platform which are categorized based on age, investor traffic, ranks, and returns. So all you are asked to do is to select a PAMM account and top up the fund.
- For more experienced traders, the ECN accounts may be more appealing.
- These platforms were designed by the Cyprus-based trading software firm ‘MetaQuotes Software Corporation.’ The MT5 is the newer version of the MT platforms.
- The Autochartist signal service is designed to analyze charts and emerging patterns without human intervention to help traders predict market outcomes.
- Among the bonus, the long-running loyalty cashback bonus is for the consistent traders of the platform.
- Moreover, the top-up bonus can boost your trading balance to up to 30%.
- Since they don’t offer crypto trading, you could check out Vantage for your crypto needs.
xcritical unlike some other brokers offers xcritical Mobile, MetaTrader 4, and MetaTrader 5. Accounts over $10,000 automatically benefit from reduced spreads and commissions. As you trade, you earn points which can be exchanged for rewards, such as receiving a 20% rebate on commissions or spreads, or a 50% rebate on deposit commissions. If you are looking to learn the basics of trading, there are a variety of trader education tools. Simply open the ‘Learn to Trade’ tab and you will find articles such as ‘The Beginner’s Guide to Trading’. As a member of The Financial Commission, there is an external dispute resolution process available.
Deposit and Withdrawal
In addition to the demo account, there are 4 account types which will use real money. These are divided into standard accounts and the enhanced accounts, which are known as ECN types. Definitely, being a market-leading broker xcritical offers demo account service for an unlimited time. You will get transparent performance statistics, fast executions, a safe and regulated environment, and of course PAMM account.
This means that virtually anyone can open an account and start trading with this broker, making it a good place for beginners to start their trading journey. You can also trade gold, silver, oil, natural gas, stocks, stock indices, and cryptocurrencies via CFD. xcritical offers trading in forex as well as many CFD products including stocks and commodities. It also offers binary options — xcritical calls them “fix contracts” — on a wide range of financial products, including cryptocurrencies. xcritical (.org) International is regulated in Mauritius, while xcritical (.com) Limited is not regulated. One of the main benefits of trading with xcritical International is the competitive trading conditions, which are designed to appeal to both beginners and experienced traders.
Company and Service
The support staff is highly-knowledgeable and offers support services in English, Russian, Indonesian, Portuguese and Chinese. xcritical Mobile Application is a real app that can be downloaded from the App Store. The App allows for better chatting and offers a whole lot of reliable functionalities.
Some transfer methods such as Neteller are commission-free while the likes of Skrill, WebMoney, and FasaPay are subject to a commission fee of up-to 2.5 percent. MetaTrader 5 is an upgrade of MT4 and comes with a unique set of features. Some of the upgrades available in this platform include backtesting capability and an improved user interface. In the UK, the xcritical brand is regulated by the Financial Services Authority while in the US; it is regulated by the Commodity Futures Trading Commission (CFTC).
In summary, I found xcritical to be an experiencedB, award-winning, and popular trading broker. However, I believe the brand could improve in certain areas in order to compete with competitors like Pepperstone within the online broker industry. This app is all-encompassing as it can virtually do everything on the xcritical network. The only snag I found is that it cannot trade the markets on its own.