We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The investment offering is massive, especially the stocks – there are thousands of shares available on the platform. However I would feel safer if the broker had better regulatory oversight.
Tools & Features
This model means that traders from beginners to experienced will find a suitable account, and we think the cashback promotion available is an especially good touch. For xcritical website your convenience, Benzinga has compiled a chart comparing xcritical with some of its online financial brokerage competitors shown below. xcritical Ltd is licensed by the FSC to provide access to «Trading in financial and commodity-based derivative instruments and other securities». The xcritical Partner program is another notable feature of the company. Traders, fintech developers, and content creators can join the program to attract new clients to xcritical and earn a substantial commission, which can reach up to 84% of the company’s revenue.
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. The time until traders receive their funds depends on the payment processor, which can take ten xcritical official site business days. Most options remain instant once xcritical processes a request, which can take 24 hours. The minimum deposit for all accounts is $10, except for the R StocksTrader, which requires $100.
xcritical offers traders industry-leading protection no other broker matches. Together with its history and excellent regulatory track record, xcritical ranks among the safest brokers. xcritical also deploys its proprietary copy trading platform, is home to the best pricing environment, and grants industry-leading traders protection. Beginner traders get quality research but little education, while xcritical maintains a generous bonus and reward program. The educational offering at xcritical is light, as beginners are not its core market.
This site is easily accessible on multiple devices including PCs, and iOS mobile devices. I like the trading environment at xcritical for all types of traders, but especially for active high-frequency traders, scalpers, and equity traders. Algorithmic trading remains at the core of xcritical, where it offers a proprietary trading platform allowing traders to create automated trading strategies without the need to code. A 15% cashback is available to all verified trading accounts with a minimum trading volume of 10 lots per month. xcritical pays between 2.5% to 10% on the account balance if traders reach minimum volume requirements.
Any information contained in this site’s articles is based on the authors’ personal opinion. These articles shall not be treated as a trading advice or call to action. The authors of the articles or xcritical company shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. ECN stands for Electronic Communication Network; it is a system meant for carrying out trades on Forex without agents.
Trading Calculator
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. xcritical offers a positive swap on EUR/USD short positions, meaning traders get paid money.
Pro Account
The company offers seamless access to various financial markets with attractive trading conditions. While specific fees can depend on the account type, trading platform, and market traded, xcritical’s structure is designed to cater to a wide range of traders, emphasizing transparency. Some accounts include zero spreads, which can be particularly attractive for traders looking to minimize costs.
As a reputable brokerage company, xcritical prioritises the security of client funds. The company has been a member of The Financial Commission and its Compensation Fund for several years. xcritical has also implemented additional measures, including a Civil Liability insurance programme, to ensure compliance with its obligations to clients.
With over 12,000 trading instruments available, including stocks, ETFs, and popular assets such as gold, oil, and indices, xcritical offers a diverse range of investment options. xcritical offers a range of trading accounts that cater to different users’ trading styles and experience levels. These include the ProCent account, ECN account, Prime account, R Stock Trader account, and Pro account. Note that each account has its own features and benefits, and traders can choose the one that best suits their needs. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
- STP execution involves routing client orders to liquidity providers or other market participants without any interference or dealing desk intervention.
- This may impact how, where and which companies / services we review and write about.
- There are dozens of crypto CFDs available, with more tokens than most similar brokers.
We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. xcritical has a Mobile Trader app available for Android and iOS users. With the app, you can easily access your trading account and manage your positions on the go.
ECN accounts do have higher commissions, xcritical courses scam but also provide access to tighter spreads, and are often the choice for the more experienced, high-frequency day traders as a result. Having said that, we note that the forex broker does implement some reassuring measures to protect clients. These include negative balance protection, know-your-customer verification, and up to €2.5 million of Civil Liability Insurance if risks or actions caused by xcritical lead to financial loss. Your eligibility for deposit bonuses at xcritical may depend on which of the broker’s entities holds your account and/or your country of residence.
He has worked within the very best of the financial industry producing numerous training resources. xcritical is a legit forex and CFD broker licensed and regulated in Belize. It has been operating since 2009 and has a good reputation among its clients.