Xtreme Markets Review: Is Xtreme Markets Broker Good?
Broker overview and general information
Xtreme Markets Broker, formerly known as XtreamForex, is a fast-growing ECN broker operated by Xtream Markets Ltd., registered and regulated byFSC (Financial Services Commission)Mauritius with Global Business License No.GB22200951.Under the law Financial Services Act of 2007and Investment Dealer License under the law Securities Act of 2005.Providing trading services for forex, commodities, indices, stocks and cryptocurrencies.
Currently serving over 2.1 million clients, has been in service for over 8 years, has received over 25 awards in the financial investment industry, has over 150+ trading assets and has a team of over 160 people spread across the world.
Broker Licensing and Regulation
If you ask whether XtreamForex broker is good or not, you should start by considering the registration, license and supervision from the agency first, which has the following details:
⚠️Warning: Although the broker is regulated, many users are concerned about the FSC license because it is a Tier D license, which is less stringent. This makes users feel uncertain about the regulation under this agency. Therefore, this factor should be reconsidered before investing.
Trading products and services
Trading products
The broker offers a wide range of investment products to suit all needs, covering Forex, Indices, Stocks, Cryptocurrencies, Metals and Energy markets.
Trade Forex: Trade Forex on a variety of popular currency pairs. Make profits with leverage up to 1:400.
Indices: Choose from over 12 indices. Trade the world’s most active stock indices, including the NAS100, SPX500, and US30.
Stocks: Trade world-famous stocks both Long and Short. Make profits without owning/buying real stocks. Take advantage of a variety of stocks to buy and sell such as stocks of Apple, Amazon, Facebook and other world-famous companies.
Cryptocurrencies: Trade Cryptocurrency, an asset that has no market opening/closing time, allowing investors to make profits at any time. Buy and sell Bitcoin, Litcoin, Etherium and other cryptocurrencies that are most traded on leading trading platforms.
Metals and Energy: Combine trading in both metals and energy groups in one category. Make profits and diversify your risks on Gold, Silver, natural gas and crude oil, which are widely used worldwide.
Trading Platform
You can invest through two platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MT4:MetaTrader 4A basic trading program suitable for all new investors. Easy to use, convenient, fast. It is the most convenient platform for starting trading. It can be used on PC, Android, iPhone and iPad.
MT5:MetaTrader 5A stable and improved trading program developed from MT4 to trade more efficiently and in detail. Various tools have been developed to help you trade correctly and consider all aspects.
Xtreme MarketsReview: Account Types
Investor account types are divided into 5 types as follows:
Micro Account
Maximum leverage 1:1000
Spread starts at 1 Pips
Minimum deposit $5
Standard Account
Maximum leverage 1:500
Spread starts at 1 Pips
Minimum deposit $250
ECN Account
Maximum leverage 1:400
Raw Spread
Minimum deposit $250
Commission: $7
ECN PRO Account
Maximum leverage 1:200
Raw Spread
Minimum deposit $5,000
Commission: $5
VIP Account
Maximum leverage 1:200
Raw Spread
Minimum deposit $20,000
Commission: $1
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
| Deposit Options |
| Min. Deposit Amount |
| Max. Deposit Amount |
| Deposit Time |
| Deposit Fees |
| Wire Transfer |
| $100 |
| Unlimited |
| 2 to 7 Business Days |
| No Fees for deposits over $100 |
| VISA/MasterCard |
| $5 |
| $10,000 |
| Up to 10 minutes |
| No Fees |
| Crypto |
| $5 |
| $10,000 |
| Instant |
| No Fees |
| Fasapay |
| $5 |
| $10,000 |
| Instant |
| No Fees |
| Neteller |
| $5 |
| $10,000 |
| Up to 10 minutes |
| No Fees |
| PayRedeem |
| $5 |
| Depends on your PayRedeem Tier |
| Up to 10 minutes |
| Fees by Payment Processor are not covered |
| Perfect Money |
| $5 |
| $10,000 |
| Up to 10 minutes |
| No Fees |
| Skrill |
| $5 |
| $10,000 |
| Up to 10 minutes |
| No Fees |
| Bitpay |
| $5 |
| $10,000 |
| Up to 10 minutes |
| No Fees |
Withdrawal channels
| Withdrawal Options |
| Min. Withdrawal Amount |
| Withdrawal Time |
| Withdrawal Fees |
| Wire Transfer |
| $100 |
| From 2 to 10 business days, depending on your correspondent bank |
| None |
| VISA/MasterCard |
| $5 |
| From 2 to 10 business days, depending on your correspondent bank |
| None* |
| Crypto |
| $10 |
| Up to 24 Hours |
| None |
| Fasapay |
| $5 |
| Instant |
| None |
| Neteller |
| $5 |
| Instant |
| None |
| PayRedeem |
| $100 |
| Up to 10 minutes |
| None |
| Perfect Money |
| $10 |
| Up to 10 minutes |
| None |
| Skrill |
| $5 |
| Instant |
| None |
| WebMoney |
| $5 |
| Instant |
| None |
| Bitpay |
| $5 |
| Up to 2 business days |
| 1% |
*Withdrawals sent before 10:00 AM server time will be processed on the same business day between 7:00 AM and 5:00 PM server time.
Xtreme MarketsBonuses and promotions
There are various promotions and bonuses that encourage investors to use the service and increase their trading potential, increasing their margin even more. Here are some examples of promotions:
100% Credit Bonus Get 100% bonus up to $20,000 per account.
EVERYDAY PAYOUT Earn daily commissions when you refer friends to invest.
⚠️Caution: The bonus terms and conditions are quite complicated and can be used with different account types, so please read the terms and conditions carefully.
Customer Service
For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.
Broker Review Overview Summary
Xtreme Markets is a broker that offers trading in a variety of financial markets, including Forex, commodities, and indices, with a variety of platforms and account types to suit different traders. The broker also offers a variety of promotions and bonuses, but its main drawbacks include its questionable license reliability, complicated bonus terms, slow withdrawals reported by some users, and limited customer support channels. Users should consider this carefully before deciding to use the service.
Frequently asked questions aboutXtreme Markets
What platforms can I use to trade Forex?
A: You can trade via MetaTrader 4 and MetaTrader 5.
How many types of accounts are there to choose from?
A: There are 5 types of accounts to choose from: Micro, Standard, ECN, ECN Pro, and VIP.
What assets are available for trading?
A: You can trade on Forex, Indices, Stocks, Cryptocurrencies, Metals and Energy markets.
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