XtreamForex Review

xtreamforex

Welcome to Our Best Forex Broker Review Website. For today’s post, we are doing XtreamForex Review. In this review, we will cover the different aspects of this broker such as trading platforms, account types, deposit and withdrawal methods, assets/markets available, accepted countries, customer support, pros/cons, and lastly our final verdict.

So if you are planning to trade through this broker then keep reading this article to an end, this review will surely help you to make the decision.

Let’s get started!

What is XtreamForex?

XtreamForex is a no-dealing-desk Forex, indices, portfolio, cryptocurrency, and derivatives trader. The brokerage was established in 2015 and operates on an international scale. A global audience will open regular and ECN accounts with the broker. Many who wish to open an account with the broker will do so with a $5 minimum deposit and get leverage of 1:1000. Although the offers may seem to be appealing to many new traders. It is worthwhile to examine the broker’s features in-depth because there are some warning signs of an XtreamForex scam.

The broker is registered in the Marshall Islands, but its license number is not shown. It means that the broker is not regulated and therefore does not have permission to provide services to citizens of any region. To entice consumers, XtreamForex has some misleading material on its website.

If you are thinking about opening an account with the broker, make sure to read the XtreamForex Review, which contains all of the relevant material.

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XtreamForex: Trading Platforms

In this section of XtreamForex Review, we will cover the trading platforms offered by this broker to its users. When it comes to trading sites, XtreamForex makes use of the MetaTrader4 (MT4) program. The MT4 platform is one of the most widely used trading systems available. It’s completely adjustable interface gives you the most simplicity and convenience. Third-party modules are also compliant with MT4, allowing traders to use sophisticated charting and technical research methods.

For its website, XtreamForex also offers a Copy Trading Program, which enables traders to have their accounts automatically copy the transactions of more seasoned traders.

XtreamForex provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), desktop and tablet apps (for Android, iPad, and iPhone).

XtreamForex: Trading Account

In this section of the XtreamForex Review, we will highlight the trading accounts available to traders. When trading with XtreamForex, you will have the option of choosing from one of five separate accounts, each with its own set of features and requirements; here is a breakdown of each.

Micro Account

This account needs just a $5 minimum deposit, making it extremely open. There is no extra commission and the spread starts at 1 pip. The stop-out level is set at 20% and the margin call level is set at 50%. It employs business execution and offers up to 1:1000 leverage. This account is suitable for Islamic trading, with a minimum transaction size of 0.01 lots and a limit of 250 trades available at any given time. It can use expert consultants, scalping, and hedging, among other things. The maximum exchange size is 5 lots, and discounts are available.

Standard Account

 The Standard account has a $250 minimum deposit. There is no extra commission and the spread starts at 1 pip. The margin call level is set at 60%, while the stop-out level is set at 30%. It employs business execution and offers up to 1:400 leverage. This account is suitable for Islamic trading, with a minimum transaction size of 0.01 lots and a limit of 500 trades available at any given time. It can use expert consultants, scalping, and hedging, among other things. It has a maximum exchange size of 50 lots, is coupon-free, and has access to an account manager.

ECN Account

To open this account, you must make a $250 minimum deposit. It has a spread beginning at 0 pips and an additional commission of $7 per lot traded owing to the low spreads. The margin call level is set at 60%, while the stop-out level is set at 30%. It employs business execution and offers up to 1:400 leverage. This account is suitable for Islamic trading, with a minimum transaction size of 0.01 lots and a limit of 500 trades available at any given time. It can use expert consultants, scalping, and hedging, among other things. It has a maximum exchange size of 50 lots, is coupon-free, and has access to an account manager.

ECN Pro Account

This account allows you to make a $5,000 minimum deposit. It has a spread beginning at 0 pips and an additional commission of $5 per lot traded due to the low spreads. The margin call level is set at 60%, while the stop-out level is set at 30%. It uses business execution and offers up to 1:200 leverage. This account is not suitable for Islamic trading, and the minimum exchange size is 0.1 lots, with an infinite number of trades available at any given time. It can use expert consultants, scalping, and hedging, among other things. It has a 100-lot maximum trading value, is not available for incentives, and has access to an account manager.

VIP Account

This account is the top-tier account, with a minimum investment of up to $20,000. It has a spread beginning at 0 pips and an additional commission of $1 per lot traded due to the low spreads. The margin call level is set at 60%, while the stop-out level is set at 30%. It uses business execution and offers up to 1:200 leverage. This account is not suitable for Islamic trading, and the minimum exchange size is 0.1 lots, with an infinite number of trades available at any given time. It can use expert consultants, scalping, and hedging, among other things. It has an unrestricted trading amount, is not eligible for incentives, and has access to an account manager.

Demo Account

Demo accounts can be used by signing up and filling out a short form; however, details such as trading terms or whether the account has an end date are not available. Demo accounts encourage prospective new clients to try out the trading conditions and servers, as well as existing clients to try out new ideas without losing their own money.

XtreamForex: Assets and markets

In this section of XtreamForex Review, we will highlight the assets and markets available to traders. There are several assets to choose from, and XtreamForex has divided them into many categories. We’ll go through several of the instruments available in each category.

  • Forex: AUDCAD, CADCHF, EURCZK, EURGBP, EURUSD, GBPCHF, GBPJPY, USDCAD, USDDKK, USDSGD, USDZAR, USDCAD, USDDKK, USDSGD, USDZAR. There are several more; this was just a small sample.
  • Natural gas, WTI crude oil, Brent crude oil, gold, and silver are all commodities.
  • AUD 200, ESP 35, EUSTX 50, FRA 40, UK 100, GER 30, JPN 225, Nasdaq 100, S&P 500, US 30, HKG 50, Copper, and Dollar are the following indices.
  • Stocks: There are many too many to count, but a few notable examples include Amazon, Apple, Tesla, Google, Netflix, and Ferrari.
  • Several cryptocurrency pairs can be traded. Every cryptocurrency can be traded against a variety of assets, such as the US dollar, the pound sterling, the Japanese yen, and the euro. Tradeable coins include Bitcoin, Ethereum, Litecoin, Ripple, Dash, Eidoo, and many more.
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XtreamForex: Deposit and Withdrawal Methods

In this portion of XtreamForex Review, we will reveal the payment methods offered by this broker. Neteller, Skrill, Visa Credit/Debit, MasterCard Credit/Debit, QIWI Wallet, Bitcoin, Bank Wire Transfer, Jeton, and WebMoney are all listed as acceptable payment types. There are no additional costs for depositing your money, but check with your bank and see if they charge any additional fees.

We couldn’t find this detail on the web, so we can’t tell how easily XtreamForex will approve the request. After XtreamForex has accepted the original request, the money will take anything from 1 to 5 business days to process.

XtreamForex: Accepted Countries

In this section of XtreamForex Review, we will provide you the names of the countries accepted by this broker. XtreamForex accepts customers from all over the world, except countries where rigid laws prohibit it, such as the United States of America (USA).

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XtreamForex: Customer Support

 In this section of XtreamForex Review, we will provide you the details of customer services provided by this broker. The customer service team is open 24 hours a day, seven days a week, and is closed on weekends and holidays, much as the markets. We couldn’t find a dedicated contact us page and had to scroll to the bottom of the page to find any details. There is a live chat feature if you need to connect with anyone right away, a phone number if you prefer to call, and an email address.

XtreamForex: Education

In this part of XtreamForex Review, we will discuss the educational resources provided by this broker to its users. The website has many educational features, the first of which is a trading tools section that includes several calculators, including a place scale calculator and a pip calculator. There’s also an economic calendar that lists future news events and how they could impact markets.

There is also an e-course on trading that is a very simple course on trading that gives a basic understanding of what things are and how they operate, which is fine for beginners but nothing that experienced traders haven’t seen before. Finally, there’s a news column, which, as one would expect, is all about market news.

XtreamForex: Pros and Cons

In this section of XtreamForex Review, we will summarize the benefits and drawbacks of this broker.

Pros

  • Traders academy
  • Trading apps
  • User-friendly MetaTrader websites
  • Flexible account styles and financing options
  • Round-the-clock customer support
  • $5 minimum deposit

Cons

  • There are no regulations.
  • there are no US clients
  • and the account currency is USD only.

Conclusion XtreamForex Review

Finally, we got the end of this XtreamForex Review. The trading conditions provided by XtreamForex seem to be very competitive; spreads are reasonable for all account forms, and commissions are either in line with or below the industry norm of $6. It’s good to have a lot of assets to sell, as well as a lot of deposit and withdrawal options. There was some information about deposits and withdrawals that were lacking, such as processing time, but the rest of the information was there; they only needed to fill in a couple of the finer points.

So if you are still interested to trade through this broker then don’t forget to try it in a Demo Account too how it works in your case!

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