XTrend

XTrend Review: Is XTrend Broker Good?

Broker overview and general information

XTrendIt is an online trading platform managed by Rynat Trading LimitedWhich is an investment company in Cyprus that is licensed and regulated by Cyprus Securities and Exchange Commission (CySEC)license number 303/16 This regulation ensures the safety of client funds, such as segregation of client accounts from company accounts and protection against negative balances.

Broker Licensing and Regulation

If you ask whether XTrend is good or not, you should start by considering the license and registration factors first, which are as follows:

• Cyprus Securities and Exchange Commission (CySEC) License No. 303/16 under Rynat Trading Ltd.

Broker Products and Services

Trading products

The broker offers a wide range of investment products to suit all needs, covering Forex, precious metals, cryptocurrencies, energies, indices and stocks.

• Trade Forex: Trade Forex, make fast transactions, trade a variety of popular currency pairs, with tight spreads and no hidden fees.

• Metals: The precious metals market is made up of commodities that play a major role in the market and are traded through futures contracts, ranging from gold, silver, aluminum and zinc.

• Digital Currency: Trade Cryptocurrency, an asset that has no market opening/closing time, making profits at all times, not directly dependent on the bank, a decentralized asset.

• Energy: Trade major global energy markets such as UKOIL, USOIL and XNGUSD.

• Indices: Stock indices give investors the opportunity to trade on economic stocks without having to select individual stocks. CFD trading is one of the most popular products to trade. Make profits on your favorite stocks and follow the news.

• Stocks: Trading stock CFDs gives investors access to the stock market of some of the biggest names in the industry. With stock CFDs, speculate on price movements by buying and selling, making profits both on the upside and downside.
  

Trading Platform

Brokers can invest through the main platform, XTrend App.

XTrend AppThe broker's self-developed trading application is complete in one app. There are many trading assets to choose from. It is easy to use and the system is fast. It works on both iOS and Android systems.

XTrend Review: Account Types

The broker has designed accounts for ease of use and focuses on trading via the app, with no specific account classification information such as Standard or Premium on the website. However, the broker's basic account has the following key features:

• CFD Trading: Supports a wide range of assets such as Forex, Indices, Commodities and Cryptocurrencies.

• Hedging features: Negative Balance Protection policy is in place to ensure that users do not lose more than they have invested, in accordance with CySEC regulations.

Deposit and Withdrawal Review

Brokers offer a wide variety of deposit and withdrawal channels to choose from, meeting the needs of customers from many countries as follows:

Deposit channels

The broker charges no deposit fees for all methods, supporting major currencies including USD, GBP, and EUR (except Bank Transfer which supports only EUR), with a minimum deposit starting at 50 USDAnd not more than 50,000 USDThe channels provided include:

• Nuvei: Deposit via VISA/MASTERCARD

• Worldpay: Deposit via VISA/MASTERCARD

• Paysafe: Supports deposits via Neteller and Skrill.

• PayPal: Supports deposit via PayPal.

• Immediately: Deposit via Bank Transfer (EUR only)
  

Withdrawal channels

Withdrawals are subject to fees.3.50%For all channels except SOFORT, which charges the highest fee €15 with a minimum withdrawal limit of 10 USDThe channels provided include:

• Nuvei: Withdraw via VISA/MASTERCARD under the supervision of Central Bank of Cyprus and FCA.

• Worldpay: Withdraw via VISA/MASTERCARD under FCA supervision.

• Paysafe: Support withdrawal via VISA/MASTERCARD, Skrill and Neteller under FCA regulation.

• PayPal: Withdraw via VISA/MASTERCARD under the supervision of CSSF.

• Immediately: Withdrawal via SOFORT supports only EUR currency and is regulated by SFSA.

⚠️Considerations

• The 3.50% withdrawal fee may increase costs for users in some cases.

• SOFORT channel only supports EUR and has a maximum withdrawal fee of €15.

Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

• E-mail:[email protected]  ,[email protected] 

• Website:https://www.thextrend.com/ 

• Supported languages:English, Chinese, Portuguese, Italian, Spanish, German

Broker Review Overview Summary

XTrendIt is a regulated broker Cyprus Securities and Exchange Commission (CySEC)Increased credibility at the international level, with a variety of investment assets such as Forex, indices, commodities, and cryptocurrencies, with an emphasis on usage through applications that are specifically designed to meet the needs of digital traders. Advantages include safety with a negative balance protection system and a variety of assets. However, major limitations include unclear account type information, a lack of deposit and withdrawal channels, and a focus on mobile platforms that may not meet the needs of traders who need advanced features. However, it is suitable for those who emphasize convenience and want a platform that supports secure trading, but should study more information before deciding to invest.

Frequently asked questions about XTrend

1. What platforms can I use to trade Forex?

Answer: You can trade via the XTrend App, which is available on iOS and Android.

2. What assets are available for trading?

Answer: There are many markets to choose from: Forex, Metals, Cryptocurrencies, Energies, Indices and Stocks.

3. What channels can I withdraw money through?

Answer: You can withdraw money via VISA, MasterCard, Neteller, Skrill, PayPal, Bank Transfer, SOFORT.

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XTrend Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions, and more with real user reviews to help you decide on the broker that suits your needs.