xcritical Review: Is it a Scam Broker? Everything We Found Out

Our broad range of services enable you to get the best guidance, advice and resources to build a richer future. When you choose xcritical International, you’re trading with a global broker that is second to none. We work day and night to create and sustain a forex trading environment that helps everyone access the markets, from first-timers to those who’ve turned trading into a career. The xcritical brand boasts over two million clients thanks to the reputation it has built over the past two decades. At xcritical International, part of our mission is to keep that standard of excellence high. We provide a forex trading environment that is trustworthy, reliable and technologically advanced, while ensuring every client receives impeccable customer service.

• Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
• In this article, we will be talking about the PAMM account in depth.
• It enables the use of xcritical copytrade and trading robots or automated trading systems.
• xcritical is fully licensed and regulated by the Financial Services Commission (FSC).
• In addition to many countries in Europe, the Middle East and Asia, «xcritical» works directly in the United States, which is quite difficult, because the American regulators are extremely scrupulous.

To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the xcritical offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. xcritical offers support https://xcritical.online/ for MT4 – the most popular trading platform globally – and MT5 – the latest version of the industry standard. In addition to the desktop applications, xcritical also offers MT4 and MT5 WebTerminal, which are browser-based versions of the platforms, along with mobile and tablet versions of both iterations. The advantages of using MT4 are numerous, but most centre around the community support and the number of users that the tool boasts.

Is xcritical International legit?

Yes, the $0 minimum deposit amount is more than achievable by the majority of traders. The support is available 24/5 and there are email, hotline, and online form methods offered in addition to the live chats. All in all, we were very impressed by the support quality of this broker. Considering that the market standard is to have no more than three different account types, it’s safe to say that xcritical Forex broker has an above-average variety of choices here. xcritical is a regulated broker that has been around for more than 20 years they seem very legit and reliable.

• Note that the conversion fee is based on the base currency, the payment provider, and the receiving currency.
• xcritical has named these “ALP” points and these can be used for a number of things on the xcritical platform.
• This is most likely because they would like to be able to identify the withdrawal recipients.
• Just like the above funding methods, the method for withdrawing funds is also simple.
• In terms of the research coverage, there appears to be way more focus on the Russian speaking geographies than there is on English speaking geos.

In addition, for sure, there are some negative reviews from the competitors. xcritical International are well-known for their outstanding commitment to customer satisfaction. The broker offers specialised help and guidance as and when required, and can be contacted by phone, email and live chat. Their website is available in nine different languages, including English, Chinese and Persian.

This was my last broker, still remember

Becoming a client of the company is very simple; just fill out the form on the website. It will be possible to start trading immediately after adding a deposit to the trading account, and the minimum amount is only one dollar. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value.

The broker provides active introduction of innovations, professionalism of employees, trading of not only binary options but also Forex (the full truth about Forex here) and CFD. They boast a large number of satisfied customers (professional investors and novice market players) around the world, positive reviews, and prestigious awards. xcritical brokers’ are suitable for traders of all experience levels, including beginners as well as seasoned traders who trade in high volumes and are looking for advanced trading features. An MT4 Micro Account gives access to instant execution of orders with stop-outs fixed at 30% and margin calls set at 50%.

What is the minimum deposit amount at xcritical?

It is really hard to chart on a mobile device and the connectivity of mobile networks can sometimes be shoddy. However, if mobile trading is your only option then you can’t really go wrong with the MT4 / MT5 app. Finally, the MT5 has a completely different programming language for the EAs. It is used to implement a positional system and you can code a wide range of custom indicators. Of course, this would require some traders to learn a new coding language which does take time.

EAs are trading scripts that will run 24/7 and trade automatically. Metatrader has developed two platforms for these purposes and they are the MT4 and the MT5. This gives you the opportunity to try out the broker in a non-threatening way with demo funds.

Forex Trading

I contacted the customer service staff,and they just said they would check, but there was no result later. On our website, you can see that a lot of users have reported scams. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

The most recent addition to the xcritical family, xcritical International, is set to provide a fresh, dynamic alternative to the giants of financial trading. Equipped with some of the tightest spreads available – from just 0.9 pips on major currency pairs – xcritical International is distinguishing itself as a go-to broker for superior trading conditions. Apart from these, if a trader still has queries relating to crypto trading, the exchange resolves all the queries effectively. It has a double AA support rating and an excellent reputation for providing customer services.

xcritical Demo Account

If you want to practice trading online to get a feel for the broker, the platforms and what they have to offer, there is the option of a free demo account. I think this can be a great way to practice your trading strategies and build your confidence before opening a real trading account. Demo accounts – Demo accounts are only available for the Standard and ECN account options. Virtual funds can be topped up on request and demo accounts do not expire unless no trading takes place for over 14 days, in which case it is deleted. xcritical offers six live accounts, which is more than most other brokers, and its accounts are suitable for beginners and more experienced traders.

xcritical International offers a short educational section which will be very useful for beginners with little experience trading. Unfortunately, there are no video tutorials or webinars on offer at the moment, although xcritical dedicates a page on its website to webinars. MT4 and MT5 are freely available on both Android and IOS mobile phones and tablets. The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one to two business days. If you are looking for an established broker with very high leverage and low spreads then you could consider it.

Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. xcritical International offers a refer-a-friend promotion, which also extends to family. High-frequency traders will benefit from the xcritical website xcritical Cashback Program, which lowers the overall trading costs. Traders receive the payouts weekly, and there are no points, vouchers, or discounts. It remains one of the most straightforward and fair reward programs.