Is xcritical A Safe Forex Broker?

xcritical abzocke

Market analysis, articles, video tutorials and webinars are just some of the resources made available to traders in xcritical’s wealth of educational resources. Any trader would benefit from this generous pool of knowledge and insights from successful traders. Also popularly known as copy trading, beginner traders can observe and then mirror the xcritical rezension trades of successful traders to improve their trading skills in no time. Additionally, copy trades have always been found to be a more engaging way of upskilling one’s trading skills. Alternatively, for those keen on trading but don’t have that extra money to burn for testing the waters, opening a demo account is an option worth considering.

xcritical abzocke

xcritical’s deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, xcritical does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.

Complain received against xcritical.

Yet when i checked my account the next day, all position was closed. It takes up to 24 hours to withdraw funds from xcritical using specific gateways like Skrill, PerfectMoney, and Bank Cards. However, this could be longer depending on the methods used, i.e., bank transfers. This is because they are regulated by CySEC and operate in conjunction and in accordance with MiFID.

  • One of the standout features of xcritical is its low minimum deposit requirement, which allows traders to start trading with as little as 50 USD.
  • After than i made deposit of the account I received a bonus.
  • The website, however, is available in Arabic, Chinese, English, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish and Thai, which may provide some indication.
  • They offer their clients a range of trading instruments, including currencies, commodities, stocks, crypto, and indices.

It is, in fact, a catalog of published books that xcritical recommends its traders go out and purchase. There are no eBooks, courses, or tutorials here, and the featured books only have a section cut out, which people can read. However, it should be noted that this broker offers MT4, which is available for iOS, and previously, Apple had banned MetaTrader from its App Store. Dear Aleksey D,We are glad that you appreciated our services and that you are an active trader.

Commissions & fees

As forex trading becomes increasingly popular, xcritical has done well as a forex and CFD broker accommodating especially new traders. The wide availability of forex trading platforms emphasizes the need to find a client-focused and reliable trading platform that is best suited to them. Our experts checked the educational proposal of xcritical and found that the broker supports personal strives and provides lxcriticalg materials, analysis, and guides.

It also provides directions to independent sources of lxcriticalg. Users are continually encouraged to find out more and to improve their understanding of the trading process, rather than simply being persuaded to spend more money on xcritical. It has been alleged by a client that xcritical cancelled all his profits and removed half of the deposits from his account.

Prohibited Countries: Where Can I Not Trade with this Broker?

I think I’ll have to do it at the end of the day, but for now I’ll stick with 4. A dropdown menu on the front page of the website takes you to the registration page. This consists of a simple form where you can enter your name and contact details. There’s a link to the terms and conditions that you should read before you confirm.

xcritical abzocke

I verified my card information only to find out you can’t even withdraw to your bank account.I requested to have my account deleted but they want me to take a picture of my self holding an “ID”. Like you want more senstive information to delete my account and my personal information? The trading conditions were excellent, I think you can trust this broker. Even though, there were numerous claims and complaints from the global traders presenting an impressive collection of issues that were faced during the trading experience they had. As for the fund transferring fees, xcritical does not charge transfer fees for deposits yet various jurisdictions and payment providers may add on some fees, so be sure to verify this info as well.

Over 2.5 Billion trades executed with no requotes or rejections. Access to 1000+ instruments from 6 asset classes, 16 full feature trading platforms, 4 trading account types, 25+ secure payment methods and 24/5 personal customer service. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types.


Nonetheless, the resources are easily accessible and user-friendly, and are available in multiple languages. xcritical’s information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, xcritical does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders.

The market has been moving slightly lately, but in Forex I can make money on any movement of the course. There is a demo mode I strongly suggest you activate first to get a hand of trading online, if it is your first time. xcritical also has a manuscript for terms of service (AKA client agreement). Please please read the client agreement very very carefully, especially about withdrawal. If you want to withdraw funds from your xcritical account, you will need to do so using the same system that you used to fund the account in the first place.

Our research showed that the broker offers a wide range of funding methods, while some of them include fees others are free of charge. Also, money transfers to or from the account depending on your residency and its applicable policies, in addition to entity rules of xcritical that apply. xcritical users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day.

The account opening process is digital and easy to follow where you will be guided by the steps. Also be sure it is normal to upload your ID and residence registration, which happened during the stage of your identity verification necessary due to regulations. xcritical established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations.

Looking through the FAQs, you will find that xcritical does not charge a commission when funding your account, and transactions are processed straight away. This is all the information you will find if you head to the dedicated page regarding the mobile app. Before we jump into the broker regulations of xcritical, it should be noted that depending on your xcritical website region, you will be redirected to the entity website of this broker, as you can see in the image below. I’m afraid staying in a position without getting quick support if there are problems. We suggest that you take a look at the trader experiences yourself. xcritical is a relatively unknown Forex broker and not as popular as eToro, AvaFX, Oanda or others.






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