(Australia) ASIC Licensed Australia Crypto Broker: XTrade Review Australia – Should You Open a Trading Account With XTrade.com.au?

XTrade Review

Do you find yourself lost in the internet jungle? Are you looking for the right broker but the overwhelming number of options has caused more confusion than clarity? Of course, with so many brokers out there, it will not be easy for you to pick one just like that. You will have to compare a lot of features to find out the strengths and weaknesses of every broker you can find. But do you know how much time it can take? Well, based on the number of brokers on the internet today, you are looking at spending weeks comparing them and picking out the best ones.

Let us make your job easier by bringing you one of the best online brokers out there. That might sound like a big claim but it comes from the traders who have signed up with this broker. Yes, you are right if you guessed XTrade. This broker has received a lot of attention in the past decade and it stands among the best today. But you should never give into beautiful words and the use of superlatives. Today, you will get a chance to look at this broker from every possible angle that you can think of. So, here is every single reason that you can think of to sign up or not sign up with XTrade.

How To Get Your Xtrade Deposit Bonus – Video

Every Reason to Select or Reject XTrade as Your Next Broker

·         You Will Not Miss Any Asset

First of all, when you sign up with this broker, you will feel as though every financial market has been brought at your fingertips. Is there an asset that you cannot trade when you sign up with XTrade? These are not just claims, but a reality that you will come face to face with when you open a trading account with this broker. Let’s take a quick peek at the assets that you will get access to when you trade with this broker.

Cryptocurrencies

The first thing you will notice about this broker is that it allows you to access the cryptocurrency market. You can pick from a variety of cryptocurrencies that you can trade on this trading platform. While most online brokers continue to play safe and keep their traders away from cryptocurrency trading, XTrade comes up with not just one, two, or three, but more than a dozen of them. Yes, you can trade not just ethereum and bitcoin but other famous cryptocurrencies, such as ripple, dash, and litecoin. There are many others that you can trade on this trading platform.

Forex Currency Pairs

Not everyone is looking too much into the future. Some people like reliability, stability, and proof when they go out trading. If you are one of these people, you definitely find comfort in trading fiat currency pairs. You will get more forex currency pairs to trade on this platform than you would with any other online broker. In fact, there are so many currency pairs available for trading with XTrade that the broker has categorized them as exotic, minor, and major currency pairs.

ETFs

ETF is more like a trading instrument than an asset. When you sign up with XTrade, you have access to various assets through ETFs. Just so you know, you can trade a variety of assets at the same time when you trade ETFs. They are more like baskets of certain commodities, stocks, etc. In addition to that, you also have bonds at your disposal for trading.

Commodities

Just think of a commodity and you will find it available for trading with the broker. Are you someone who is more interested in agricultural commodities such as cotton, sugar, soybean, wheat etc. than energies and precious metals? Well, even if you want to trade natural gas, crude oil, or some other energy, you can find that on the XTrade asset index too. You also have some of the most precious metals available for trading, such as palladium, platinum, gold, silver, etc.

Indices

Trade the biggest buckets of stocks not just from the US but also from around the world. If you like to follow certain types of companies, the best way to track them simultaneously is through indices. You can trade indices from a variety of financial markets when you are with this broker.

Shares

It will not be wrong to say that the list of shares that you can trade with XTrade is one of the longest you will get from any online broker. The broker has brought you shares from companies that are located in just about any part of the world. If you are not interested in the usual suspects like Google, Apple, Amazon, etc. you can look for some big companies from Australia, Italy, or Germany. The best part of trading shares with XTrade is that you will get access to some cannabis stocks as well.

·         You Can Trade and Make Profits

When you have had the experience of trading with many online brokers, you will realize that being able to trade is not enough. If trading was enough to make people rich, just about everyone in this world would be rich. However, you have to enter trades that make you profits. To make profits on your trades, you again have to make sure that you sign up with the right broker. If your broker is after your money, you will never be able to make any profits. Even if you do make profits, you will not be able to withdraw them because the broker will have many excuses to stop you from doing so.

Trading profitably is something you will experience with XTrade. First of all, you will be happy that you can trade with fixed spreads. The second best thing about the broker is that it does not charge you any commissions on your trades. You just have spreads to worry about when you enter a trade. Not to mention, you will be able to go long or short on your positions. The broker will not prevent you from taking a particular stance on a trade.

Now, if you are a new trader, you would want ease right from the beginning. You will have to see how easy or difficult it is for you to join the platform of the broker. When it comes to XTrade, this broker has provided you an easy entry into the system with its basic account type. You will be surprised to know that you can now be trading in financial markets and start your journey of making millions (of course, that depends on successful trades only) with just $250. Yes, that’s the small amount that you have to deposit in your account to start trading.

You will be getting a demo account in the beginning so you can practice trading as much as possible. Even with the basic account, you get a lot of features that are available to the advanced account holders. You will also love the fact that the broker gives you enough leverage to enter just about any trade you want. The leverage you get depends on the type of asset you are trading. In the end, you can get enough leverage to enter just about any type of trade that you want to enter.

The Xtrade App – Video

·         You Can Use the Trading Platform That You Will Love

First, you will have to decide which type of trader you are. If you are the conventional and traditional type, you would want to trade only when you are on your computer. That’s fine because XTrade will give you access to the desktop version of the trading platform. On this platform, you can trade on your computer with a downloadable version of the software. This platform is robust and provides you with all the features you need as a trader to make profitable trades with a broker. All the indicators and analyses that you want will be available to you right on your trading platform whenever you want.

In addition to that, you will be happy to know that you can use your trading platform on just about any device you can think of. If you use a smartphone for the most part, you can download the software on your smartphone and use it for trading. If you like a bigger screen but with portability features, you must be looking to trade on your tablet. In that case, you can download the tablet version of the trading platform. In short, you have the platform available on just about any device you would like. The uniform experience is never compromised no matter which platform you are on.

The best thing is that XTrade gives you access to its own trading platform as well. Yes, this trading platform runs on browsers because it works like a web application. You can access this trading platform regardless of the device you have and the operating system you have installed on your smartphone. The web trader has been designed for people who travel a lot but want to access their trades within seconds without worrying about any issues related to the compatibility of the software with their device. No matter which part of the world you are in, you can use the web trader from the broker with ease.

·         You Can Learn from the Experts

In today’s world, you cannot think about trading without learning this art. Today’s traders are lucky in the sense that they can now find all the information they need about trading from the broker. Yes, you can just about sign up with any broker today and find enough training material to go into the market with some knowledge. These training manuals and ebooks are designed to help you learn the basics of trading. Now, when you sign up with XTrade, you will get access to training that contains a lot of material for you.

What you will love about the training material from this broker is that it has been made available to you in different formats. The broker has done that for your ease and convenience. If you want to learn slowly and at your pace, you do not have to hurry. You can just choose one of the many ebooks that tell you each and everything about trading that you want to know. Additionally, you have video tutorials available to you when you sign up with the broker. It does not matter which particular account you use with the broker because you will be getting access to the useful training material.

XTrade tops things off with its courses. Yes, if you do not know, this broker has some detailed courses available for its traders that they can pick to learn trading. Learning trading has never been as professional as it is today, and XTrade is definitely playing its part to educate people on trading before they put their real money on the line. If you already know about trading a lot but just need to stay updated with the latest news, you can subscribe to receive the latest posts from the blog of the broker too.

·         You Can Feel Safe  

Can you really enjoy trading if you are not even sure that the broker you have signed up with is a legitimate entity? This particular issue might not sound very big to many traders, but it is a serious one. When you sign up with an online broker, you must provide them with your personal identification information. In addition to that, you have to put some funds in your account that you can use for trading. As a result, your personal information and money are resting with the broker. If the broker is not honest with you, all the information that you have provided can be given to third parties.

However, such mishaps do not happen until you choose the wrong broker. When we say wrong broker, we are talking about a broker that talks about safety and security but does not show you its seriousness with the matter through action. Talking is not enough to assure traders that their money and information will be safe. So, you can rest assured that when you sign up with this broker, you will not hear just talk. You will see that the broker has taken proper action to make things safe and sound for its traders.

So, XTrade is properly licensed and authorized to provide its services to traders from around the world. The regulating authority in the case of this broker is the International Financial Services Commission. So, you can rest assured that this broker will not run away with your money or do any frauds with you when you deposit your money in your trading account. In addition to that, the website is equipped with proper certificates for security. Just so you know, the website has proper SSL certificates that ensure that every piece of information that you provide to this broker on the website gets encrypted.

How To Trade CFDs – Video

·         You Can Minimize Risks and Amplify Profits

These are probably the features that you will usually not find with any other online broker. You will be surprised to know that there are online brokers that stop you from protecting yourself from losing all your funds. When you trade CFDs, you use leverages with your trades. Leverage increase your profits, but they can amplify the losses on your trades just as much. Many new traders go full-in with their leverages and end up losing all the money they have. Now, you can’t put all the blame on the use of leverage here. There are some other mistakes that cause traders to lose their money while trading.

First of all, they are not protecting their profits. They just enter the market with a naked strategy. They predict that the price will go up and start buying assets. What happens next is that the market does not perform the way they have predicted. They end up losing a lot of money. Sometimes, they can lose all the money they have in their account.

XTrade is one of the rare brokers that give you the opportunity to stop your losses from depriving you from all your funds. If you explore the website of the broker, you will notice that you can try all the major strategies on this broker’s platform that help you save your money. First of all, you can use the stop/loss strategy to prevent yourself from going into a complete loss. In addition to that, you also have the “take profit order” available with this broker. You can keep your profits intact while trading with this particular strategy. On the other hand, stop loss strategies help you from losing everything in case a trade goes in completely wrong direction as predicted.

·         You Will Find Banking a Breeze

Signing up with a broker that does not pay attention to making banking easy for its traders can prove to be a nightmare. You do not have any idea how difficult things can become if banking is unfriendly. So, in many cases, the broker will make you pay for just about any type of transaction that you can think of. Whether you are depositing money in your account or withdrawing a small amount, you will have to pay some commission to the broker. No, if you think that’s the fee from the bank, you are completely wrong. In many cases, the broker is going to charge you an additional fee to the fee that you have already paid to the bank for a transaction.

With XTrade, you will not have to face such issues. You have two clear options available to you for depositing money in your account. You can use the easy method of credit cards. You can use all major credit cards. In addition to that, you have the option of using a bank wire transfer for transferring funds. You can use this option if you are more concerned about the safety of your money than the speed of the transfer. Bank wire transfers can be slow but they are safer than most options that you are given by online brokers for funding your trading account.

·         You Must Admire the Customer Support

Believe it or not, you will not get many chances of admiring the customer support when you are dealing with online brokers. You will find a lot of brokers that say a lot of things about their traders to persuade them. However, they can disappoint you with their customer support. First, you have to find a broker that even lets you talk to its representatives. A huge number of brokers on the internet do not even allow you to call them. You just have one way to contact with them, and that’s the email.

Singing up with XTrade will prove to be a great decision for you because you will be greeted and talked to nicely. This broker clearly shows that it has its eye on the performance of its customer support team as well. First, you will notice that the website is translatable in more than two dozen languages. So the broker has tried to develop a personal relation with its traders right on the website. In addition to that, you can use live chat for instant answers. The best part is that you can contact the customer support and talk to a real person. If you have a valid issue with your trades or the way the trading platform is performing during your trades, you can call the given number and solve your problem.

Final Thoughts

If you look at all the features and qualities stated above, you will realize that nothing more is left to find out about the broker. There are not many brokers that meet all the requirements with flying colors like XTrade does. This broker has spent time in the industry and learned about its traders. The experience of trading with this broker is definitely admirable. So, if you are looking to start on the right foot and with the right broker as you begin your trading career, you should definitely consider XTrade.