XtreamForex Reviews Read Customer Service Reviews of xtreamforex com

However, the broker is involved in a well-established pattern of deceit designed to trap unsuspecting victims. The views and opinions expressed on TradeForex.ng are intended solely for informational purposes and should not be considered trading advice. Please consult a professional, regulated firm for financial trading advice. XtreamForex holds a Category 1 Global Business License from the Financial Services Commission (FSC) in Mauritius.

XtreamForex Platforms Summary

• We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones.
• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• The broker provides traders with various competitive trading conditions to give their clients an edge in the market.
• Targeting both new and professional traders, the platform offers Forex, commodities, indices, and cryptocurrency trading.

Android apps allow trading and chart analysis on the go which is super comfortable for traders who have to travel often. The screenshot of the MetaTrader 4 (MT4) platform features a dynamic user interface, equipped with multiple essential components for trading. The “Market Watch” window displays a list of the most traded currency pairs, showcasing market liquidity with real-time bid and ask prices. Concurrently, the EUR/USD candlestick chart offers a crisp visualization of market fluctuations over a one-hour period, accentuating bullish trends with green candles. Although the broker claims that it is regulated by and registered in the Marshall Islands, there is no government authority in the Marshall Islands that regulates forex brokers.

Negative Reviews and Complaints

What is more, only positions which were open for more than 5 minutes and have 2pips difference between open and close price will be eligible for calculation of this payment. Bonus funds can be transferred from the credit into balance after the client has traded certain volumes. In comparison, Belize-based FX Choice requires $100 for all account types as a start (including ECN ones). If you need a reliable broker that accepts Nigerian clients, delivers competitive conditions, and provides responsive multilingual support, we recommend XtreamForex. Overall, XtreamForex exceeds expectations as an outstanding broker for the Nigerian market in 2024 and beyond.

XtreamForex Fees, and Spreads

The low minimum deposit and high leverage are the main tricks the broker uses to lure customers and make its services attractive for them. This platform was established in 2016, registered in the Marshall Islands, and is regulated. XtreamForex does not impose restrictions on traders (excluding PAMM account managers who trade within strict frameworks aimed at minimizing risk). From a technical standpoint, the platform raises no questions as it uses advanced solutions such as a virtual private server (VPS), and traders can even obtain a personal server for free.

You should only engage in any such activity only if you are fully aware of the relevant risks. If you are a victim of Xtreamforex scam or other scams like forex scams, cryptocurrency scams, binary scams, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater.

Company accounts may not be in the trader’s best interest, as they come with significant risks. These scams usually operate through social media and promise quick and easy profits. In reality, the software does not execute trades, and the broker pockets the funds.

What are XtreamForex’s minimum deposit and withdrawal amounts?

XtreamForex provides a wide range of convenient and secure payment methods. Some of the popular options are WebMoney, PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, Crypto. If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize.

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades. Earn unlimited commissions and build your own affiliate business as one of our partners! When choosing a brokerage company, or crypto exchanges, study its history. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.

Commissions range from 7 USD to 1 USD, depending on the account type. Education is very important for a trader’s development as both stock and Forex markets are very complex and require substantial experience and knowledge to make a profit. Many brokers offer various educational resources to help their traders and XtreamForex has several webinars, articles, and educational resources covered.

Regulation

It is also worse mentioning, that according to Facebook the page is operated from India and Isreal. XtreamForex requires a minimum investment of $10 from traders to open an account, which is a very low minimum deposit requirement. In fact, many offshore brokers have set low minimum initial deposit requirements, if any. XtreamForex is an offshore broker, offering trading in currency pairs, CFDs on shares & commodities, and precious metals on the most popular trading platform, the MetaTrader 4.

• Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
• Those who deposit over $500 can receive up to 30% of the trading bonus with extended equity.
• There is a choice between the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

XtreamForex is an online retail broker for traders who wish to enjoy all the benefits of trading with the popular MetaTrader platforms — the MT4 and MT5 trading platforms. The broker provides traders with various competitive trading conditions to give their clients an edge in the market. In addition, a live account can be created with a minimum deposit of just $5. All of the above trading account types can be funded with either credit or debit cards, bank wire transfers, or the usual e-wallet services like Skrill, Neteller, FasaPay, Perfect Money, and others. In addition, Xtream also accepts crypto deposits and withdrawals, which in recent years has become common among offshore-based brokers.

In addition, XtreamForex offers a wide variety of account types, all with highly competitive and distinct trading conditions, specifically designed to meet the needs and demands of all kinds of traders. Second, the MT4 and MT 5 trading platforms have conceptual differences, but both can be extensively customized, so it is advisable to rely on subjective preferences here. For example, XtreamForex provides free VPS, deposit bonuses, and trading bonuses. However, each of these promotions has conditions that need to be reviewed to assess the usefulness of connecting to a specific option.

Tired of losing money while trading?

Traders still benefit from commission-free trading and tight spreads from 1 pip. The Standard account provides xtreamforex review more flexibility for those ready to graduate from a Micro account. Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on. XtreamForex has a great team for customer support and attractive platform to trade.

Scams involve deceiving traders to deposit funds into fraudulent trading accounts. The broker has an up-to-date news section that contains the latest updates on the events in the financial markets. It provides traders with a comprehensive overview and insight of global markets, and as such, it can be used for fundamental analysis. The news also helps traders to stay aware of the events that take place in the financial markets.