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Xtrade (OffersFX) Independent Review: Features & Fees


Xtrade, formerly known as XFR Financial Ltd, launched in 2003 and has its current headquarters in Cyprus. It provides traditional trading via CFDs on equities, commodities, currency, and indices.

Since 2010, Xtrade Europe Ltd., a subsidiary of Xtrade Group, has served as an online CFDs broker offering forex and CFD trading under the brand name OffersFX. This broker, formerly known as, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license 108/10.

Since this is a financial instrument, it must comply with the MiFID regulations (MiFID II). Traders outside of Europe who join Xtrade will have their accounts handled by Xtrade International Ltd. The International Financial Services Commission of Belize has issued a license to this company.

Xtrade Europe Ltd., operating as OffersFX, draws attention to the extensive asset selection available to its customers. OffersFX is unique because it provides a full range of FX and crypto options. 

It advertises several benefits, such as a sizable capital base, a quick and easy withdrawal process, a state-of-the-art platform, and round-the-clock customer service agents in many time zones.

To mirror what Xtrade International offers, Xtrade Europe does not support the popular MetaTrader platform for trading. With this broker’s exclusive platform, traders may gain access to the market through Web-Trader and use a wide variety of features and instruments designed to improve their trading performance. There are desktop and mobile apps for various mobile devices that may be used with the platform.


This broker does not provide a variety of account options. Xtrade offers a Fixed Spread of 2-5 pips on foreign exchange trades, with no additional fees for dealing.

Maximum leverage and minimum deposit vary from country to country and are subject to local regulatory oversight. However, overnight trading positions incur premium fees, mentioned explicitly by Xtrade Europe Ltd.

Traders may make deposits and withdrawals free of charge, including bank transfers, credit cards, PayPal, Skrill, and Neteller. In conclusion, Xtrade Europe Ltd. is a CySEC-approved broker offering various financial products.

Xtrade Features & Services 

Service Information
Demo Account Unlimited
Minimum Deposit $200
Maximum Leverage 1-400
Type of Broker NDD
Tradable Assets CFDs, Indicies, Commodities, Shares, Crypto & more
Deposit Methods Credit Cards, Debit Cards, CashU, Paypay, Bank Transfer & more
Company Information
Established 2010
Customer Support 24/6 phone & email


Xtrade carries the following licenses: ASIC 342628, CySEC 108/10, IFSC (Belize), IFSC/60/383/TS/15, and NAFD (Russia) A. A more ethical trading atmosphere is guaranteed when dealing with a regulated broker. Some financial sector regulatory frameworks mandate a compensation mechanism in the event of unforeseen accidents resulting in customer financial losses, so you may rest assured that your money will be secure.

Account types

Besides a practice account, this forex broker provides access to Standard and VIP account tiers. You must consider leverage and minimum deposit to manage your trading account correctly. Regarding leverage in general, Xtrade allows for as much as 1:400 leverage. Meanwhile, a $100 opening deposit is required to create an account.

Traders of all types may use the same Xtrade account to do business on any of their preferred devices. A trader can test the waters without taking risks by creating a demo account.

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Your account status will change from “Premium” to “Platinum” to “VIP” when your balance exceeds $1,000, $5,000, or $25,000, respectively. There will be no changes to the market circumstances, which include the same level of assistance, training, news, and signals.

Tradable Assets & Securities 

There are over two hundred different Forex and Contracts for Difference (CFD) trading products accessible to you right now.

The Xtrade trading instruments and products are provided using the widely used CFDs or Contract for Difference model, which provides several open-ended possibilities for price speculation without requiring actual ownership of an asset.

Numerous cryptocurrencies are available on Xtrade, including Bitcoin, Ethereum Classic, and Litecoin. Xtrade also supports 13 other cryptocurrencies, such as ADA and XLM.

Stocks of the world’s most liquid companies, including Apple, Google, Nike, JP Morgan, IBM, and more, are available for CFD trading on Xtrade. 

Popular foreign currency pairings traded in forex include the Euro to US Dollar, the US Dollar to the Japanese Yen, and others. The Xtrade trading platform offered leverage of up to 1:400 on more than 50 Forex pairs.

Contracts for differences in indexes such as the S&P 500, Dow Jones, etc. One Index CFD has the same value as the Index’s stated currency price. There are no fees or adjustments to the purchase or sell price that the broker charges. Futures contracts on commodities like gold, silver, oil, and natural gas, are also available with Xtrade.

Fees XTrade
Deposit fee No
Withdrawal fee No
Inactivity fee Yes
Fee ranking Low

Fees, Costs & Spreads

Trading fees on Xtrade are based on a fixed-amount Xtrade Spreads Only method, which means that traders’ expenses are incorporated into a spread or the difference between the bid and the asking price of a financial instrument. Check the most up-to-date information on the official Xtrade website or platform to confirm the Spread value for each product, but use the table below as a point of reference.

However, the Xtrade broker’s pricing structure improves as the trader’s account size and complexity grow. Consequently, the usual EUR/USD pair spread is set at 5 pips for the Standard Account, 3 pips for the Premium and Platinum Accounts, and 2 pips for the VIP Account. Xtrade does not charge any commission and instead profits off spreads.

Spreads vary depending on the currency pair being traded; for example, EUR/USD spreads might be anywhere from 1.7 to 5 pips, while GBP/USD spreads can be anywhere from 3 to 5 pips. Non-trading, financing, and inactivity fees are ranked lower than competitors.

When a trader keeps a position open past the close of the market (GMT 22:00), they must pay a premium (called a swap) for the privilege.

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Deposits & Withdrawals

There are various ways for clients to deposit or withdraw money. Still, they need first verify that the method they want is supported in their region. Doing so on Xtrade’s main website is a breeze. Please note that the Xtrade Entity and the client’s Country of Residence determine the available Xtrade payment options.

Xtrade All deposits and withdrawals are free of charge. At the same time, wire transfers may incur additional fees depending on your bank and your payment method. If you funded your account using a credit card, you might expect any withdrawals to be credited to the same card. If you deposited funds by bank transfer, then funds from withdrawals will also be returned via bank transfer.

You may view the many payment options Xtrade by logging into your member account on the Xtrade website.

One of the most widely used methods of making online payments in the Middle East is CashU. CashU is an electronic wallet that facilitates quick online payments and transfers. A prepaid MasterCard similar to MasterCard is provided free of charge. 

The most typical form of payment is a wire transfer. This strategy is included in the service offered by most brokers worldwide. This is because wire transfers are the standard method of making international bank transfers. This procedure is assured to be risk-free. These options are helpful for traders who don’t use credit cards or prefer not to use them.

Many individuals use WebMoney, one of the significant online wallet services, to send money to other countries. Therefore, many FX brokers now allow WebMoney as a payment option. Like other modern online payment services, WebMoney is backed by mobile applications that streamline the process of making and receiving payments.

Skrill is often available as a payment method with most forex brokers. Traders choose this strategy since it is quick, simple, and secure. Traders may use Skrill to deposit funds from their Skrill e-wallet, a credit card, or a bank wire transfer into their trading accounts.

You may easily send and receive money using Neteller’s popular e-wallet service. This is because of its widespread acceptability., Neteller is now a viable option for making deposits and withdrawals at most forex brokers. The Neteller system is popular in Europe despite its availability practically everywhere.

In addition to credit/debit cards, Xtrade accepts Paysafecard, giropay, YooMoney, UnionPay, and SOFORT.


With the help of professional trading tools, instructional resources, and daily market evaluations, even complete novices may learn to trade profitably.

In addition, the site provides a news feed that is updated in real-time, as well as a video analysis posted daily.

Customer Support

Xtrade’s s many client service channels also improve the trading experience and streamline the platform’s operation. Thanks to their global network, they provide bilingual help service centers open 24 hours a day, 7 days a week, and many channels of contact (live chat, email, and phone lines).

Xtrade Live Chat Support

We gave Xtrade’s real-time chat a try and found it to be a helpful tool. We used the Xtrade app and website to initiate a live chat and received a response to our messages in under 20 seconds.

We have tried contacting Xtrade’s support team in various languages and regions to ensure smooth operation. We had confidence in Xtrade’s ability to address our customers’ problems.

Xtrade Phone Support

When we called Xtrade, our call was answered almost immediately. Within 5-10 minutes, someone answered.

Our calls to Xtrade’s s helpful phone support personnel were always returned with solutions to our inquiries and problems. We tested the Xtrade team’s linguistic versatility by dialing them in various languages. To their credit, Xtrade did its best to respond to our questions.

Xtrade Email Support

We emailed Xtrade multiple times and received a prompt reply each time. Response times through email from Xtrade ranged from 5 hours to 3 days. In some cases, I received no reply at all. Xtrade’s response time to a support request may vary based on the nature of the inquiry. Still, our experience sending out 10 emails simultaneously suggests that it is usually relatively quick. Our issues were addressed, and our questions were answered by the staff. For the most part, Xtrade’s email assistance was top-notch.

User Experience

Through Xtrade, you will have a pleasant and fair-trading experience. Designed with your convenience in mind, this platform excels in all respects. In addition, you may tap into a plethora of learning tools and other resources to jumpstart your trading skills.

Xtrade Trading Platform Overview

Xtrade MetaTrader 4 (MT4)

MetaTrader 4, or MT4, has been widely utilized in the financial markets since 2005, making it one of the world’s longest-running and most popular trading platforms. MetaTrader 4 provides a highly flexible trading environment that can be tailored to meet your specific requirements and improve your overall trading success with a feature-rich, intuitive interface. You can keep tabs on your holdings in a timely and cost-effective manner with the help of the available charting functionality and advanced order management tools

Foreign exchange (FX) trading is primarily used for the MetaTrader 4 (MT4) platform. However, CFDs and Spread Betting allow you to trade on various financial assets. Unless they are CFD contracts or Spread bets, you cannot trade stocks, indices, commodities, ETFs, or futures on any MetaTrader 4 (MT4) platform. For the simple reason that you are not actually buying anything when you use CFDs or Spread bets to speculate on price changes.

MetaTrader 4 is available through Xtrade in several different versions, including a web-based interface and a downloaded client for use on Mac and Windows computers. The most recent version of macOS may be used with Xtrade’s MetaTrader 4. You may use your Android or iOS mobile device to trade on the go with Xtrade.

Metatrader 4 Webtrader and Xtrade

MetaTrader 4 has been made accessible as an internet program that can be used from any browser. The comprehensive charting, highly flexible trading environment, easily accessible online trading tools, and numerous indicators found in the desktop version of MetaTrader 4 are all available in the web-based version of the program, making it just as user-friendly as its counterpart.

Xtrader Pro

Those that trade with a standard account log in to Xtrader Pro. The system may be accessed through a computer, and it also has mobile apps. The platform’s strengths lie in the ease with which it may be utilized. In addition, it has trading tools that can help the trader evaluate the current market climate. Indicators and charts used in technical analysis are the instruments.

In addition to simplifying order placement, the platform’s automated features make it possible for traders to place orders whenever it’s most convenient for them.

Trading With Xtrade MetaTrader 4 On iOS Devices

You may trade with Xtrade by downloading the Xtrade app or using the MetaTrader 4 app. The Xtrade MetaTrader 4 app is available in the App Store for free download. Customers of Xtrade enjoy instantaneous access to the Financial markets and complete Portfolio management portability.

Trading With Xtrade MetaTrader 4 On Android Devices

Xtrade’s 10,000+ customers have access to the MetaTrader 4 platform on Android-supported smartphones, allowing them to keep tabs on the financial markets and make trades from the palm of their hands. Traders may monitor and execute transactions in a streamlined, hassle-free, and safe manner with the Android Xtrade MetaTrader 4 app.

Our Independent View

A broker’s quality is measured by various factors, such as the variety of trading instruments offered, how simple it is to put money in and take money out, and the responsiveness of the broker’s customer care team. What works for a competent trader may not be appropriate for you. The word “a good broker,” therefore, has several interpretations. Look at the provided criteria to determine if Xtrade is a suitable broker. Foreign exchange (Forex), stocks, indices, and commodities are all available for trading on Xtrade.

Payment options include CashU, credit/debit cards, giropay, NETeller, Paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Wire transfer, and YooMoney. You may reach support through phone, email, or real-time messaging.


Is there a demo version of Xtrade I can try before I commit?

Absolutely! You may get a free trial of Xtrade before making a final decision. For the benefit of new traders, Xtrade offers practice accounts. You may use this feature to build faith in the system, yourself, and trading strategies.

Have you heard any negative about Xtrade?

Do not fret; our team has proven Xtrade to be completely risk-free. All requirements set out by the Cyprus Securities and Exchange Commission have been met (CySEC).

For what reason does Xtrade need a copy of my passport?

Xtrade requires a passport to verify your identity when you create a real money account, as required by its regulatory agencies. Xtrade must take precautions to avoid breaking money laundering rules because of the high volume of global financial transactions. Know Your Customer checks are a part of this process (Know your customer).

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