Today, xcritical boasts of millions of clients from several different countries. The head office is located in Mauritius while other offices are in St. Vincent and the Grenadines, Russia, and Nigeria. I like how the broker also has several offices run by their partners in different countries to cater xcritical website to the international community. xcritical has one of the fastest online applications I have encountered. xcritical will send a PIN to verify the mobile phone, which grants access to the back office. I appreciate that xcritical does not engage in unnecessary data mining as part of its registration process.

• xcritical makes 4 live trading account types available, Standard, Micro, ECN, and Pro.
• Apps for iOS and Android are also available for those who want to trade on mobile.
• Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets.
• Create a free IEA account to download our reports or subcribe to a paid service.

However, the enhanced accounts, such as the ECN Pro account and the standard ECN account are mainly for the professional and experienced traders as it offers instant order execution. xcritical International is the most trusted brokerage firm and is fully regulated by the Financial Commission (FSC) of the Republic of Mauritius through Exinity Limited, a parent company. The broker does not provide negative balance protection and hence if the market changes rapidly against an investor’s xcritical trade, the trading account will not fall into the negatives. xcritical offers you forex and CFD trading on the MetaTrader platforms.

xcritical Global Reviews

This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news. During my review, xcritical only provided a low-paying refer-a-friend promotion and advertised that deposits are free.

If xcritical is not accepted in your country, you can find alternative brokers through our broker comparison tool. xcritical is a trading broker with many years of trading experience, having been through some significant ups and downs. The brand was established in Russia in 1998 but has expanded its operations to a global reach.

The broker is supervised and regulated by renowned and reputable organizations. These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the investments of an investor if the broker goes bust. 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.

What I don’t like is they don’t offer paypal or debit card deposit/withdrawals so you are stuck only with bank transfer or BTC. Also the regulation is not the best, but I see they do protect investors by paying insurance, so we are protected up to 20k EUR in case they go insolvent, like they did in 2015 with CHF black swan event. If they add more payment options and get a better regulation I will give 5 stars.

Withdrawal does not arrive

Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.

You can contact xcritical International customer support through call, live chat, email, and social media platforms. They are a reliable forex broker that focuses on providing the best forex experience https://xcritical.solutions/ to its clients. xcritical International offers both MetaTrader 4 and MetaTrader 5 platforms which can be easily accessed via laptops, PCs, and mobile apps for Android and iOS devices.

Trading and Investment Tools

I like how there is a list of strategy managers along with their performance statistics to assist you to make a choice. xcritical fully complies with its regulator and global AML/KYC requirements, meaning account verification is mandatory. Most traders will satisfy it by uploading a copy of their government-issued ID and one proof of residency document. Swap-free Islamic accounts are available, and all account types except for Nano MT4 are eligible for PAMM accounts. Between 74-89% of retail investor accounts lose money when trading CFDs.

• These seem quite explanatory as the people who made these have an understanding of what they are talking about.
• E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount.
• 👉 This simplified trading environment allows traders to exploit opportunities and hone their trading skills before venturing larger amounts of money.
• 📉 xcritical International uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface.

Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. xcritical also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time. On our website, you can see that a lot of users have reported scams. xcritical uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface.

They have plenty of choices when it comes to available markets and instruments. xcritical International has lifted the ceiling on the maximum number of orders but pending orders are still restricted to 300. As for the trading instruments, those who choose this professional account are presented with 54 major, minor, and exotic currency pairs, and 3 spot metals. Additionally, here you will find 30 technical indicators you can use to automatically detect trends in the price dynamics of different trading instruments.

xcritical Review 2023: Is It a Safe Broker?

The app can be downloaded from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area and is available for both iOS and Android operating systems. Another point of appreciation is the collection of trading instruments offered at xcritical. The xcritical broker company is multi-linguistic which means it supports several languages including English, Chinese, Russia, Indonesia, Arabic, Spanish, and Hindi. It is always advised to get in touch with the experienced and courteous professionals on these channels from Monday to Friday, 9 am – 6 pm (EST). An inactivity fee is charged on a registered broker-client when an account remains inactive for a particular period of time. It is extremely convenient to get into the crypto markets without any prior plan, knowledge, or research to execute a trade.

xcritical Regulations and Licenses

xcritical international mobile application provides the access to mobile trading from the MT4 and MT5 trading platforms on the app for both iOS and Android operating systems. The application can be downloaded directly from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area. Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their investments. With the growing cryptocurrency market, there are too many brokers out there, making selecting the best broker a Herculean task. In this xcritical review, we will dive deeper into xcritical’s features, pros and cons, the account opening process, deposit and withdrawing processes, & many more.

xcritical International fees vary based on the chosen payment options for withdrawals. Every broker has its own set of withdrawal rules on how money can be withdrawn from trading accounts. So, different options will have different providers, different processing times, potential conversion fees,s, and processing fees. Note that the conversion fee is based on the base currency, xcritical rezension the payment provider, and the receiving currency. 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%.