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. There are also mobile adapted scale and scroll charts, which allow you to trade directly with just one tap. 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.

• All contents on this site is for informational purposes only and does not constitute financial advice.
• The broker’s MultiTrader offers a robust institution-grade platform for experienced traders.
• Stick to UK regulated brokers, at least if they steal your money you will have some access to compensation.
• The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0.

Argus Stockbrokers ARGUS is a fully licensed Investment Services Firm, offering a wide range of services and products. EasyMarkets Easy Forex is a Cyprus financial services provider, registered and regulated by the CySec, the official Cyprus regulatory authority. However, because the broker is regulated by the CySec and FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that xcritical is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. We at xcritical offer advanced trading tools and a tailor made platform, to suite all your needs.

Leverage

xcritical is regulated by CySEC, the prominent financial regulator in its home country of Cyprus. However, this body does not provide equal protection to regulators like the FCA and ASIC. xcritical levies no deposit charges on any method, while clients can make one fee-free withdrawal of £400 or less per month. However, for amounts exceeding this or subsequent withdrawals, a steep £32.50 charge applies. 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.

FXGM FXGM offers you what you need to participate in the Forex market. HotForex HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional c… IronFx Iron Fx is a leading long established Financial services company active in the investment industry with retail and institutional client… There are also some other fees to be aware of, including a monthly inactivity fee of $30 for CFD accounts and $55 for equity accounts. This applies if there is no trading activity for 30 consecutive days.

Good and easy to use Platform

This being said, clients can log in to the xcritical website and make deposits and withdrawals at any time. Unfortunately, xcritical offers none scammed by xcritical of these additional features, even for its highest-tier account holders. Happily, the company does not charge any fees on inactive accounts.

Whenever you want support, is very easy to contact them, and when they say that they will call you, they do call you….. I must say that every time I send an email about any issue at all, I always get feedback or help very fast. Credit card deposits are processed within 24 hours, usually within two hours after a deposit is made.

There are also overnight rollover fees, plus ECN and routing fees in CFD and equity accounts. xcritical runs a blog with daily market and premarket updates for all of its tradable assets as well as larger macro trends. However, there is no general trading education provided by the broker, so beginners must look elsewhere for content on market basics. The company offers negative balance protection and is a member of the International Investor Compensation Fund fund protection scheme. However, this only covers clients for up to £17,000 in case of company insolvency. One of the best methods to protect against scams online is selecting a regulated and secure broker.

🧐 Is xcritical a Scam?

As a CySEC-regulated firm, xcritical 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. The broker also keeps client https://xcritical.expert/ funds in segregated bank accounts with top-tier banks. xcritical offers a demo account for both beginners and experts who want to practice their trading strategies in a risk-free training environment.

For equities, all tiered plans charge $0.01 per share and fixed plans start at $6.95 up to 3,000 shares. For other assets, commissions vary depending on the asset and which of the five plans you choose. 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. This portal introduces an easy way to locate those companies in Cyprus offering forex services through technologically advanced and constantly updated online tools. Navigate through our portal to find information on how you can trade online or to reach the official websites of major Cyprus Investment Firms and weight your options. Choose amongst the best Foreign Exchange companies to trade with.

Can I Open A xcritical Demo Account?

Find Fx companies that are fully licensed and regulated by the CySec and other international investment authorities. xcritical supports several funding methods, including credit and debit card payments, bank wire transfers and PayPal. Helpfully for UK traders, the firm accepts deposits and withdrawals in GBP, using a London-based intermediary bank to eliminate international wire transfer fees.

Much like proper direct access platforms like sterlin, instaquote etc, used by pro day traders. Many top trading firms offer margin calculators, economic calendars with market news, and free VPS access to provide clients with the best possible trading environment. 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. FXGlobe FXGlobe is one of the most well-established and trusted forex trading brokers.

Yes, the broker supports trader demo accounts for all three supported platforms. 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. The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0. xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products.

Fees

By default, demo accounts include a 25,000 virtual balance with 100,000 in buying power. However, you can request a higher balance to correspond to your needs. You can fund your account using credit/debit cards, bank transfer and online payment methods such as PayPal. For withdrawals, the first transaction of the month under or equal to $500 is free.

Once traders have gained sufficient experience on the platform, they can apply through the broker to upgrade to a fixed plan account. These variants allow clients to pay a fixed fee that entitles them to trade a specific number of shares for a substantial discount over a tiered account commission. xcritical can refuse this request and downgrade fixed plan accounts at its sole discretion.

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. For equity and CFD traders, xcritical offers a vast range of stocks with a good choice of trading platforms. However, the variety of fees, the 5-day demo account and $500 minimum deposit may put off some beginners. Furthermore, the lack of educational resources and tools will not be enough to challenge other competitors.