adminIt’s such a shame the broker is not licensed to perform their services and bank transactions. All the offer is worthless when there’s no license for their practice. How refreshing it was to see one brokerage site offer premium trading software such as MT4 and MT5. Although MT4 has reigned the Forex market for a longer time, MT5 xtreamforex review has its reason to be considered the absolute winner. Nonetheless, both platforms were developed by MetaQuotes and are absolutely untouchable as far as richness in features, speed and flexibility go. XtreamForex offers competitive spreads, starting from 1.2 pips on the micro account and as low as 0-0.2 pips on other accounts.
- It has all of the essential features and functionalities of the MT4 trading platform, along with some additional features and extended functionalities.
- The web version of the MT4 runs directly on modern web browsers, such as Chrome, Safari, Edge, and Firefox, without needing to download or install any additional software.
- You can trade with the world’s most active stock indices including NAS100, SPX500 and US30.
- It also has its own built-in MetaEditor programming interface where users can develop their own customised indicators, scripts and EAs.
A VPS runs virtually, imitating devoted server environments within large Servers. The broker does not charge an inactivity fee on dormant accounts. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Pip Calculator is a useful tool that will help you to calculate value of pip for the currency you want to trade.
XtreamForex Review: Never Deal with XtreamForex.Com
The MT4 trading platform is packed with useful trading tools and enhanced trading functionalities, such as one-click trading, multiple timeframes, various technical indicators, and more. In addition, the platform is fully customizable and comes with an intuitive user interface, making it suitable for all levels of traders. There is an option to trade on raw spreads starting from 0.0 pips with no dealing desk intervention. This can help to avoid any potential conflict of interest between you and the broker.
- A carry charge is applied on selected currency pairs when holding overnight positions beyond a 7-day period.
- However, I really think this all needs to be backed up by top-tier regulation for them to be considered amongst the best forex brokers.
- According to the Facebook page, it was created in February but the name of the page was Uniglobe Markets Asia but was renamed to XtreamForex in one year.
- When it comes to choosing a broker, regulation is one of the first things that I look for.
This is especially useful for traders that run automated systems around the clock and those who don’t have reliable internet connections at home. I actually have my own VPS from a third-party provider and find it to be an invaluable tool for running my automated systems around the clock. I simultaneously run multiple instances of the MetaTrader platforms to test my expert advisors on different broker accounts to see how they perform. It should be noted that there are other brokers who provide a free forex VPS, including Key to Markets. In fact, there is no regulation of company financial services or implementation of international investment standards. XtreamForex offers both apps for all platforms, from desktop to mobile devices and across all operating systems.
XtreamForex Deposit and Withdrawal
XtreamForex broker offers to trade on MT4 trading platform and claims to be the best MT4 Forex broker, it also claims to have an award for the best brokerage and tight spreads. Unfortunately, there is no information about these awards which could mean that there is no real award given to the brokerage. Moreover, the broker has misleading information about the “tight” spreads as well. As a result, it is definitely possible for traders at unregulated exchanges to enjoy a higher level of privacy than it is at regulated “onshore” exchanges.
Offer of the month
Webinars are regular learning events that brokers organize to allow traders to be mentored by expert traders. In addition, XtreamForex provides clients with regular live webinars that can help improve trading knowledge and skills. These regular live webinars allow traders to learn from veteran forex traders as they share their trading experiences. The live webinars cover various trading topics, such as fundamental and technical analysis, market sentiment, support and resistance, trading strategies, Q&A, and more. XtreamForex provides you with online trading and investing via the common MT4 and MT5 trading platforms. These are advanced trading platforms that ensure the seamless trading of various financial instruments.
XtreamForex Platforms Summary
We do not present any investment advice or guarantees for the accuracy and reliability of the information. Based on our revelations about the safety and regulations issues of XtreamForex, we do not rank positively XtreamForex, based on our Expert Opinion with over 10 Years of experience in Forex Trading. While you can get up to a 100% bonus on your deposit, withdrawing it is prohibited. Before allowing you to process any payouts, XtreamForex will deduct from your funds the bonus previously given. Being licensed also means accepting the regulatory law enforced by ESMA through MiFID.
The Demo Account is provided to give traders a demonstration of the broker’s trading platform and to offer traders the opportunity to trade on simulated real trading conditions. This further allows the trader to gain more experience prior to trading with real funds and facing actual risk. Traders may test their trading strategies and become familiar with the trading platform at their own pace.
Besides lots of currency pair,
XtreamForex also offers some instruments you would like to trade on, such as
Forex, Stocks and Crypto for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
XtreamForex also offers some instruments you would like to trade on, such as
Forex, Stocks, Indexes and Crypto for your best choice. The broker provides traders with an economic calendar to help traders stay ahead of the economic events that will take place in the markets in the future.
What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
XtreamForex is a good broker for you or not by reviewing the criteria. In general,
XtreamForex provides trading service in
Forex , Stocks , Indexes and Crypto . As for the payment methods, you can choose between
WebMoney, PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller and Crypto. The customer support is available via
Email, Phone and Live chat.
The information about XtreamForex withdrawal can only be seen on the Frequently Asked Questions page. This issue still needs to be addressed as withdrawals are probably more important than deposits. The broker claims that the withdrawal requests are processed on the same day, but it takes up to 4 business days for traders to get their money, which is a longer time than some other brokers are offering. Also, the page informs that there are no withdrawal fees charged by the broker, but there are commissions charged by the payment companies. However, there is no further information about those that would make a trader choose which payment method is better for them. Whenever the broker states nothing about withdrawal fees we always assume there are commissions charged.
Trading Products
If i break then you should write that along with proofs.Now i want my balance of $1090 USD and trade profit of $300. This cheater company remove my access from their client portal and MT4 account. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support.
Basic information from this XtreamForex Review
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