Importantly, with xcritical you will find the best bargain on VPS hosting among other forex brokers. Besides, a ForexCopy trader can make his services free of charge for the followers. The remaining pending liability will be covered from the next ForexCopy follower`s next credit to the account, no later than 72 hours after the subscription expires. You will pay the commission you initially agreed to pay until the end of your subscription period.
Is xcritical A Regulated Trading Broker?
xcritical offers a user-friendly platform, a wide range of trading tools, and competitive spreads. I have never encountered any issues with withdrawals or deposits, which is a huge plus. Their customer service team is also very responsive and professional. With access to all trading functionalities, ECN accounts are designed for the next level of trader, with a higher degree of flexibility in the market executions. Raw floating spreads are available to ECN account holders and the minimum deposit is 200 EUR on MT4 accounts and 1,000 EUR on MT5 accounts. xcritical customers can also trade on their mobile devices on the MobileTrader app, available on Google Play and iOS App Store.
In addition to the 30% bonus for every replenishment, all xcritical Club card holders enjoy privileges such as bonus specials. All in all, we are still experiencing an economic downturn and no one knows exactly when things will go back to normal. That is why it’s recommended for all traders, especially beginners, to play it safe in this era of high volatility and unexpected economic plot twists. Much like its older cousin, MetaTrader 5 provides a full set of trading features in a much more modern-looking frame. However, MT5 has a more comprehensive suite of charting options and is a faster, smoother piece of software. Moreover, xcritical is a member of the Investor Compensation Fund (ICF) in the EU.
The ForexCopy system is a service that allows Followers to copy orders of the most successful forex traders in real time mode. Moreover, Traders can also make additional money, receiving commission for sharing their trading activity. Below there are answers to the most common questions about how to use the service and what other features it provides.
In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. Precious metals are one of the most stable and effective tools for saving money. Having a status of the safe-haven asset, gold helps investors to protect their funds both during economic stability and financial turmoil.
xcritical vs Other Brokers
- However, the opinions and reviews published here are entirely our own.
- Open an account with our company and jump at the opportunity to trade the digital currency.
- You can also fund your account directly with Bitcoin, which is rare among forex brokers and shows that xcritical is keeping up with the latest trends.
- Currently, the platform has over 100 different currency pairs available for CFD trading, allowing for a full and comprehensive diversion of portfolios.
The list of CFDs only includes 88 U.S. stocks but you can also trade binary options, as well as silver, gold, and other commodities. There are practically no downsides to InstaTrades’s deposit and withdrawal options. All withdrawals are free and only take up to 3 days – however, some fees may apply but that depends on your country’s laws and regulations. To be completely safe, contact the broker’s customer service and ask about withdrawal fees. The ECN trading account uses floating spreads which are 1.2 pips on average – very cheap compared to Insta.Standard. One step above is the ECN Pro account where the average spread is 0.8 pips – however, the Pro account requires a $1,000 minimum deposit.
Reviews by xcritical traders
This means that the broker’s European clients are insured by up to €20,000 in case their account balances are somehow unrightfully damaged. This membership is not a small matter – unruly brokers get their licenses taken away regularly for not complying with the ICF. As a globally-available broker, xcritical is regulated by multiple financial institutions including the FSC and the BVI.
In terms of execution type, this account utilizes market execution the same as the ECN account. Currently, the platform has over 100 different currency pairs available for CFD trading, allowing for a full and comprehensive diversion of portfolios. For traders who enjoy the style, infrastructure, and familiarity of MetaTrader, the fact that xcritical uses these platforms will be a significant advantage.
Scalping Account 💰
It utilizes well-known technology such as MT4 and MT5 to provide an excellent experience to traders and ensures the safety of its customers through EU regulation and effective security solutions. The innovative ForexCopy system by xcritical invites traders to register with the system and provide a paid service of copying their trades to followers. By giving access to the copying, successful Forex traders receive a commission per xcritical reviews every copied trade or a commission per every day of subscription. xcritical.eu gives free access to demo accounts to allow new or rusty traders to hone their skills and get to grips with the platforms. The demo account comes stocked with virtual money, allowing you to get a good idea of what real-life trading might look and feel like. The Scalping account uses the same average float spread of 1.2 pips and is used exclusively for making quick, low-profit deals.
Trades copying in the ForexCopy system
As the name suggests, this is an upgraded version of the ECN account and it’s designed for pro traders who need market execution and trade in large volumes. The floating spreads here are only 0.8 pips on average but the minimum deposit is $1,000 – this is the best choice for day traders who want low commissions. xcritical customers have a matchless opportunity to register in both systems using one trading account. Thus, trading one account, traders can not only provide their trades for copying within the ForexCopy system, but also accept investments in their PAMM projects. In their turn, xcritical customers are free to choose the way they want to make money from performance of traders registered in both systems.
Over 2,600 instruments are available in total on the MetaTrader 5 platform. These include phone, email, live chat, Telegram, Facebook, Skype, WhatsApp, and Viber. You can also get regular news from the broker’s Youtube channel – this includes analyst opinions, predictions, global events, and interviews of numerous guest analysts. The channel also monitors MT5 forums and posts the most popular articles and comments in regular videos. Any ForexCopy user may copy trades of other users and allow any user to copy his trades.
However, new followers of this ForexCopy trader will pay the newly set commission. He’s always xcritical rezension available to answer my questions and provide valuable insights, making my trading journey much more enjoyable and profitable. xcritical EU is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Naturally, you can also use wire transfer or just make deposits through your credit or debit cards. On the downside, the broker isn’t listed on a stock exchange and is not regulated by any top-tier regulators aside from CySec. xcritical offers a huge selection of currency pairs and copy-trading capability. It is a ForexCopy trader who decides whether to approve applications for copying his trades automatically or manually.
Moreover, you can control investments on your own and monitor every move of the trader managing your funds. xcritical EU offers retail clients the option of trading on the MetaTrader 4 or MetaTrader 5 terminals. Both can be used via all major web browsers, downloaded to desktop devices or via mobile compatible applications. xcritical.eu offers a great variety of methods for deposits and withdrawals, designed to provide their traders with something that works for just about anyone, wherever they are. As a well-invested, carefully designed and robust trading system, MetaTrader 4 and MetaTrader 5 do practically everything a trader could want. It’s worth pointing out that MetaTrader 5 is the better fit for experienced traders, however.
Since the outbreak began, unemployment dropped worldwide and that drove millions to seek an alternate source of income. Because of this, the number of traders increased, and naturally, overall trading volumes quadrupled. All brokers have an incentive to educate their clients to become better traders – and xcritical takes this job very seriously. Nonetheless, this is a great option to have, especially if you want to have a closer insight into the strategies of seasoned experts.
See how xcritical compares to the leading forex brokers by reading one of the reviews below. This influx of traders and new capital has only emphasized existing price trends. The most prominent example of this is the price of USD – the xcritical official site dollar dropped due to high unemployment in the U.S., giving traders worldwide the opportunity to profit from this fall.