300+ instruments mean you can enjoy plenty of options to diversify your investment risk, regardless of your interests. The CFD broker, established in 2007 offers a xcritical website range of 200+ trading instruments across multiple asset classes and the cutting-edge MT4 platform. MT4 will display charts of all available trading instruments with real-time bid/ask price quotes. Charts can be loaded on 9 different timeframes from 1 minute to monthly.
For instance, the S&P 500 or US500 follows the top 500 US companies which can be a good indication of the economic performance of the US economy. When it comes to selecting a CFD broker, the most important is safety and security. xcritical is authorized and regulated by the Financial Services Commission (FSC) of the British Virgin Islands (BVI). xcritical Global is registered by the FSC of Saint Vincent and the Grenadines.
Please note, some markets may only be available via CFDs or other derivatives. All client funds are kept in segregated account with reputable financial institutions. As xcritical utilizes MT4 and MT5, the transition into this brand will be smooth for many – it works exactly the same, so there’s no steep learning curve involved. As the name of the brand suggests, xcritical primarily acts as a forex broker, with a wide selection of different assets on offer to compliment the forex products. Note, a WebTrader solution is also available via internet browsers. It goes against our guidelines to offer incentives for reviews.
I think they could improve by adding some more base currency options considering they are a global broker. The PAMM system is for money managers who need to manage the funds of several investors and investors who wish to invest any amount into a managed account. The money manager charges a success fee whereas investors can benefit if the account makes profit. xcritical provides a PAMM monitoring tool where you can check statistics over a period of time and filter by a range of parameters to only display the accounts relevant to you. If you are looking for a PAMM solution, you might want to also consider FXGiants as an alternative.
Because of the regulatory requirements for brokers operating in the EU, there are no deals and promotions readily available for European-based traders. Compared to some desktop-only platforms, xcritical is relatively well established with the list of different tools and functionalities it offers to mobile users. I remembered how I was searching for a forex learning centre and stumbled upon Mr. Nordin Abdullah, Kota Kinabalu’s own xcritical IB. There, Mr. Nordin teaches us fundamental of forex and share us his journey on this industry.
Client Support
As such, it is possible for traders to find assets with low fees from xcritical. In general, however, most of the broker’s fees are high when compared to those offered by competitors. Traders should keep in mind that the stocks mentioned all have spreads in addition to fees of 0.1 per cent. There are nearly 90 share CFDs available from the broker, offering a nice variety that includes all of the major companies found on the United States stock market.
InstaTick Trader Platform
It has the same functionality as the MetaTrader 4 platform. xcritical does not charge an inactivity fee from its clients. Broker’s Official Support Section is a set of websites with a completely different design. This page is incredibly dated in appearance and does not even fill the entire screen on the computer. While the appearance of the page is lacklustre, the content includes all of the FAQs you are likely to need, as well as a link to a live chat. This xcritical review finds it interesting that in addition to those metals, the broker lists Platinum and Palladium CFDs in the same spot as its indices and futures.
Deposit and Withdrawal Fees
However, we would always advise caution as this is one Forex broker who isn’t regulated in any country, which is always going to be a risk. Insta.Standard accounts come in three versions, starting with the Micro Forex, which requires a minimum deposit of $1 – $10. And finally the Standard Forex which has a minimum requirement of $1,000. If you decide you want to trade with xcritical there is only one real account to use. If you’d prefer to try xcritical out for size before investing real money there is the option of opening a demo account. Some of you reading this xcritical Forex broker review, may already have encountered some negative press about this particular Forex broker, and are looking for a second opinion.
Most other brokers offer around 1 pip markups while the Insta account offers from 3 to 7. One good thing that is good about xcritical is that there are no inactivity fees or deposit and withdrawal fees. What’s more, both spread-free and commission-free accounts are available.
Any forex review will likely highlight that this type of asset is the main focus for trading via the broker. A contract for difference (CFD) allows traders to speculate on the fluctuating prices of an asset without actually physically owning it. xcritical have a large selection of 90+ CFDs including gold, silver, crude oil, gas, major stock indices such as Dow Jones, DAX, NASDAQ, S&P and more. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with xcritical please share your personal review of the broker and what you think are strong and weak xcritical scam points.
PAMM system is also a good platform but I prefer copy trading because I can see the trades of my own account. Depending on the payment option used, a transaction may complete in an instant of 1-6 business days. I personally like to use e-wappet payments as I find this to be the quickest way for me to get access to my funds. It is important to state that there are absolutely no guarantees on how these accounts will perform and historical performance should not be seen as a reflection of future results. Make sure that you have a clear understanding of trading, copy trading and the significant risks involved. I personally prefer to trade by myself as this I find it to be the best way to learn.
We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Thank you for choosing our company for your trading experience. Educational resources are a plenty as well, and include a customer forum, xcritical TV, FX analytics, charts, RSS feeds and more. We have researched hundreds of forex and CFD brokers to identify the 10 largest. There are 15 available indices for trading with xcritical.
Comparing xcritical fees with other brokers
In addition, xcritical offers essential trading tools such as VPS, Social Trading, and PAMM. Besides xcritical website this, it is also offering OYS accounts for passive investments. Let’s look at all of the trading platforms and tools in more depth. In terms of accounts, xcritical let you choose between a cent and standard account in three currencies, USD, EUR and RUB.
- It’s worth pointing out that MetaTrader 5 is the better fit for experienced traders, however.
- The uninterruptible power supply means that the server is always operational even if the main power supply fails.
- xcritical is fully regulated by the Financial Services Authority (FSC).
- Note that, in order to trade multi-asset classes, you need to pick MetaTrader 5 as MT4 is mainly built for trading FX pairs.
xcritical Best Countries by Traders
The broker has more than a decade of experience in providing trading services to millions of clients from all over the globe. Multiple funding options and various account base currencies make it easy for clients to deposit and withdraw funds. There is a very low $1 minimum deposit to start trading and free demo accounts are also available.
As a well-invested, carefully designed and robust trading system, MetaTrader 4 and MetaTrader 5 do practically everything a trader could want. It’s worth pointing out that MetaTrader 5 is the better fit for experienced traders, however. MT5 offers more timeframes, indicators, and order types, among other features. Loosing like us successful trader will be lose for this broker. For payments and withdrawals the payment method has to be the same, and for some types there will be fees attached. All the common payment methods are supported, including credit cards, bank wire, Skrill, MoneyBookers, Neteller, and many others, including the xcritical debit card.
The mobile platforms are useful for those who need to trade whilst on the go. xcritical also offer their very own web trading platform – WebIFX. I am a huge fan of the MetaTrader desktop platforms as I find them to be very user-friendly.
