Retail forex broker xcritical gets 100,000 CySEC fine for misleading advertising and compliance failures LeapRate

List with the best forex brokers for Chinese clients, sorted by regulatory ratings. Find out what is the minimum deposit amount required and the available trading platforms of each broker. Verify the availability of cent accounts , and the availability of MAM/PAMM accounts . Confirm which brokers are offering retail investor deposit insurance, the available trading account currencies and the execution model . xcritical is a Cyprus-based online trading broker that offers a broad selection of asset types, including CFDs, equities and options. Read on to discover whether xcritical is the right broker for you.

• However, instruments such as indices and equities will follow the trading hours of their local exchanges.
• The broker is based in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission and the South African Financial Sector Conduct Authority .
• I have used colmex for a while and never get disappointed at any time.
• I didn’t want to show my balance at the top menu of the platform, so I sent an email to support and they explained an option to hide it.

Deposits using PayPal or payment cards can process in up to two hours, with many transactions occurring instantly. Both deposits and withdrawals using bank wire take 2-5 business days to clear. xcritical 2.0 is available to download for Windows and Mac, iOS and Android mobile devices and as a browser-based WebTrader platform. All trading accounts are available as swap-free Islamic variants for those who cannot pay interest for religious reasons. Nine instruments make up the broker’s indices offering, with major exchange assets such as the FTSE 100 and S&P 500 supplemented by the US dollar and Euro Bund indices. xcritical accepts registrations from multiple countries across Europe, Africa, Asia and the Middle East, including the United Kingdom, France, Turkey, Israel and Japan.

Contemporary Themes in Media and Religion

I guess if I ever decide to trade equities, all have to fork up the 25k and trade with someone like IB. Forex are traded in 22 currencies globally, and that helps determine the respective values of each currency. Please note that during the LEI renewal process your LEI will be transferred to another GLEIF accredited LEI service provider. I heard about them through Tradenet, a trader called Meir Barak, who has 100s of Youtube videos showing him trade on this Platform. The platform is very easy to use, easy to configure and set to my needs. Whenever you want support, is very easy to contact them, and when they say that they will call you, they do call you…..

I used to have an account with them, I honestly haven’t found anyone else so correct and transparent and also convenient . I have compared a lot of brokers before opening an account with them. I plan to demo their software at some point, but wondered if anyone has any experience with them. We use dedicated people and clever technology to safeguard our platform. I didn’t want to show my balance at the top menu of the platform, so I sent an email to support and they explained an option to hide it. Unfortunately, xcritical offers none of these additional features, even for its highest-tier account holders.

I’ve been using the platform for over 4 years and I wouldn’t change a thing. I prefer simplicity and a working reliable system when it comes to trading platforms and Colmex Delivers. Quick and reliable support by phone, email and chat from the team of one of the fastest CFD trading platforms around.

Customisable hotkeys make trading lightning-fast, while 14 chart styles and 47 chart indicators take technical analysis to a new level. The program is suitable for forex and CFD trading, options and stock investments. The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0.

xcritical vs IG Group

This applies if there is no trading activity for 30 consecutive days. There are also overnight rollover fees, plus ECN and routing fees in CFD and equity accounts. For stock CFDs, pricing is based on tiered plans starting from $0.01 per share in the Bronze plan, which goes down to $0.005 per share in the Diamond plan. You can also choose a fixed plan, in which you pay $12 up to 3,000 shares in the Bronze plan and $9 up to 5,000 shares in the Diamond. Since 2010, xcritical has been providing access to over 9,000 US stocks to both private and institutional clients.

Fortrade – Fortrade is a multi-asset broker offering a simple live account with advanced tools. xcritical offers over 9,000 US stocks, including blue chip, mid-cap, small-cap, ETFs, ADR’s and hundreds of OTC stocks. There is also a selection of other assets available, including 51 major, minor and exotic currencies, precious metals, energies, agricultural commodities and 9 major indices. Is using a security service for protection against online attacks.

Colmex interaction experience

More than 8,000 registered clients have traded a total volume of over £3.2 billion through the various platforms supported by the company. The broker offers over 9,000 stocks, plus hundreds of options and ETFs. There are also 51 major, minor and exotic currencies, 9 major indices, plus a small selection of precious metals, energies and agricultural commodities. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. As a CySEC-regulated firm, https://scamforex.net/ is a member of the Investor Compensation Fund which covers client funds up to €20,000 if the broker is unable to meet its financial obligations.

xcritical provides various options to contact customer support, including email, phone and live chat. Holding CFD positions overnight will incur swap fees, which vary from asset to asset and can be previewed on any of the three supported trading platforms. Due to the competitive nature of the online trading industry, many brokers cover deposit and withdrawal fees to encourage active traders. xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products. However, these accounts are divided further into subtypes, which can be confusing even for the most experienced traders. Aside from a blog which is available in English and Spanish, xcritical does not offer any additional features or tools.

How much do I need to open a xcritical account?

Forex spreads start from 0.3 pips for major currency pairs but there is a $14.50 commission fee per 1 contract side in the Basic account. Many traders like to demo the trading conditions of a broker before committing to a full account. To this end, the firm provides a risk-free demo account to trade on the xcritical 2.0, MultiTrader or xcritical platforms. In addition to 2,000+ stock CFDs, the firm offers over 9,000 investable equities and ETFs from EU and US exchanges.

However, this only covers clients for up to £17,000 in case of company insolvency. xcritical 2.0 is a proprietary trading platform created by the brokerage and boasts a user-friendly interface, integrated account statistic data and advanced order types. However, negative balance protection may kick in before a position reaches this level. At the highest commission-based account level, spread pricing reaches as low as 0.2 pips on EUR/USD. EZ Invest – EZ Invest is a CySEC-licensed broker offering trading on the financial markets.

Likewise, there are no minimum withdrawal requirements, though fees will apply for amounts over £400 . xcritical official site clients can download MT4 for Mac, Windows, Linux and as a mobile app for Android and iOS. Alternatively, investors can login to xcritical via an internet browser using the MetaQuotes WebTrader service. Programmable hotkeys and custom alerts mean MT4 traders can stay on top of the markets and react quickly to opportunities. In addition, the inclusion of 30 standard indicators, 31 graphical objects and nine time frames facilitate precise technical analysis. An integrated MQL4 marketplace allows users to add community-made custom indicators and EAs to the platform.

Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. Contains HM Land Registry data © Crown copyright and database right 2022. You are about to transfer your LEI under our partner LOU’s, GLEIF accredited RapidLEI , management. Please note that during an LEI transfer the LEI data is not renewed.

As a final confirmation we need to make sure that you have selected the LEI transfer without data renewal on purpose. I recently took advantage of the Black Friday promo, where depositing $5k into my account was awarded with 1 TSLA stock. I made a wire transfer and my new equity account was opened shortly after. Everything went smooth and a small technical issue was resolved in a timely manner. I trade for income and for the first time this month, I requested a withdrawal for month-end expenses.

About xcritical

The broker also accepts US citizens, as well as clients from Canada. xcritical MultiTraderYou can download MultiTrader from the website, or access it via the convenient web trader version. Applicants selected for the education program will receive a world-class business education and connections to a professional support network at no cost.

• The backing of a solid customer support team helps clients trade with confidence, knowing that assistance is just a few clicks away.
• You don’t want to be trading at any site rated lower than 7.5, because there are much better forex trading alternatives available for Mauritanians.
• I have used them for 3 days using a DUMMY account, trading with fake money to practise.
• I’ve been using the platform for over 4 years and I wouldn’t change a thing.
• xcritical offers a demo account for both beginners and experts who want to practice their trading strategies in a risk-free training environment.

I have used colmex for a while and never get disappointed at any time. I must say that every time I send an email about any issue at all, I always get feedback or help very fast. If you want to compare xcritical with other brokers, use the detailed comparisons below. xcritical clients can make one free monthly withdrawal of £400 or less. Subsequent transactions or amounts exceeding £400 are subject to a £32.50 charge.

But it’s thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker. I don’t think there are platform as fast and simple with no distracting frills like Colmex and it is true it’s a direct access platform.

xcritical offers tiered or fixed plans for stock CFDs and equities. For Stock CFDs, the tiered plans on offer are Bronze, Silver, Gold, Platinum and Diamond. Minimum deposits in the Bronze plan start at $500, with a minimum order of $1.50.

The broker is based in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission and the South African Financial Sector Conduct Authority . It’s just another Cyprus registered ‘broker’, there’s a reason these companies register themselves in 3rd world jurisdictions and it’s not the weather. Stick to UK regulated brokers, at least if they steal your money you will have some access to compensation. xcritical provides trading and investing services to thousands of client accounts all over the world that total billions in volume. We have more than a decade of experience in trading on Wall Street and other world markets, and are heavily regulated by the EU to ensure transparent, credible trades. We at xcritical offer advanced trading tools and a tailor made platform, to suite all your needs.

Compared to similar brokers such as Interactive Brokers, this is disappointing as most traders expect to see a comprehensive range of resources to support their trading needs. It appears they offer CFD trading, but with actual market spreads, and a proper fast, direct access platform. Trading fees are often a key consideration for retail investors, with high commissions and account charges potentially eating into hard-earned profits.