Traders can access popular indices to trade CFDs, such as the S&P 500, FTSE 100, and Dow Jones Industrial Average. As the VPS servers are located in the same data centre as the trading servers, your orders can be instantly executed without being affected by connection issues. The Trader’s Calculator tells you all the basics you need to know about your trading positions. It helps you calculate the Swap Long, Swap Short, margin and pip value of your trade.
You can enjoy exposure to the financial markets without taking ownership of any underlying instruments. Established in 2008, the xcritical Group is a multi-asset broker providing financial services to over 200,000 monthly active clients from around the world. The company is licensed by multiple regulatory institutions, such as Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA). If you are using a Standard or Pro account with xcritical, then you can trade with up to 96 Forex pairs. If you are trading with the Raw or Zero Account you can trade 73 Forex pairs which include fewer exotic pairs compared to the no-commission accounts.
xcritical vs xcritical
The broker is known for its easy to use platforms and also a high level of transparency. At xcritical, each trader can use either Bitcoin or Tether for both depositing and withdrawing. xcritical Academy is believed to ensure that each trader who has a desire to study the forex market will have access to all educational materials. When it comes to withdrawing, you’d keep in mind that if you use more than 1 option for depositing, you’ll have to withdraw to the same payment methods, as well. When opening a real account, the user is offered up to 80 variants of currency units, including metal-currency combinations.
The xcritical Academy offers various courses which run through key concepts from managing the risks, to analysing price action. Strangely, it wasn’t that easy to find the education section from the main homepage. Additionally, they also publish blogs fairly regularly on market analysis and insights which provide useful updates on timely news events and the like.
Having a VPS means you can connect to a remote terminal that has a server in close proximity to xcritical’ main trading servers in Amsterdam. This enables you to trade from the remote platform as if you were trading from your PC. The WebTerminal is ideal for traders who prefer to trade without installing any trading terminals. Developed by the creator of MT4, the WebTerminal is essentially the web version of MT4 and MT5. It features an interface similar to that of its desktop version and is as secure to use. To make its instant withdrawal system even better, xcritical does not charge any withdrawal fees.
How to trade at xcritical?
The broker’s financial reports are verified by Big Four accounting firm Deloitte on a quarterly basis. Leverage trading makes it possible for you to potentially earn substantial profits without investing a large amount of capital. However, since both your profits and losses are calculated based on your full position size, the use of leverage can also amplify your losses. Opening an account with xcritical is relatively straightforward and entails the usual steps. You will need to provide proof of identity, proof of residency, and verify your email and phone number. Both their official website and client support are available in 16 languages including English, Thai, Chinese, and Swahili.
It calculates all the basics of a trader’s trading positions, including pip value, swap and margin. Compatible with all instruments across all account types, the xcritical calculator is particularly useful when traders open multiple orders involving different financial products. So these are all tailored to provide traders https://xcritical.online/ with a unique and user-friendly experience. The MetaTrader 5 trading platform unlike MetaTrader 4, enables share trading so it is a better choice if you wish to access the entire suite of trading products xcritical offers. In fact, MetaTrader 5, is an upgrade on MetaTrader 4 meaning it is superior in every way.
Platforms
A powerful tool provided by Trading Central, a global leader in financial research, WebTV is your gateway to the most up-to-date market information. Strategy providers are free to set their own commission rate at anywhere between 0% and 50%. MT5 users can open xcritical rezension two additional types of pending orders that are unavailable on MT4, namely Buy Stop Limit and Sell Stop Limit. You can take advantage of both instant and market executions, automated trading and a complete technical analysis package when trading via MT4.
- On top of that, xcritical’ funds always remain several times larger than those of its traders, meaning that the broker is always capable of satisfying clients’ payout requests.
- MetaTrader 4 is the world’s most popular trading platform, so is a safe choice when it comes to Forex trading platforms.
- xcritical is committed to fulfilling the needs of a wide spectrum of traders.
- xcritical traders have a variety of financial products to choose from, including forex pairs, cryptocurrencies, stocks, indices, metals and energies.
- From the comfort of their mobile devices, xcritical traders are in a position to carry out almost all the functions of both MT4 and MT5 platforms.
- You can find a series of articles containing jargon-free explanations on important trading concepts.
xcritical clients can also choose to hold their funds in any of the 80 supported fiat currencies, or the specialized metal currency accounts available exclusively on their platform. Unfortunately, it does not have the same analytical tools as its desktop counterpart and is only available for Windows. So, it is a great choice for traders who need to manage numerous accounts at the same time. Investors profit from strategy providers’ successful trades, while strategy providers receive commissions from investors who have copied their profitable trades. The minimum deposit required for xcritical’ Standard and Standard Cent accounts is 10 USD, while its Pro, Raw Spread and Zero accounts have a minimum deposit requirement of no less than 200 USD.
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You can find a series of articles containing jargon-free explanations on important trading concepts. It continuously enhances the stability of its servers, execution speed and quality. xcritical also doesn’t accept customers from the United States, Canada, most of Europe, the United Kingdom, Australia, New Zealand and various others.
To offer its customers a one-stop trading experience, xcritical has introduced a comprehensive collection of trading tools to help traders gather all the information they need. xcritical has one of the lowest minimum deposits available amongst brokers. Holders of Standard and Standard Cent accounts can open their first trade with a minimum deposit of only 10 USD. xcritical Zero account holders are offered spread-free trading for the broker’s 30 most actively traded financial assets 95% of the day. They’ve got a fairly limited range of markets and they’re missing some obvious options to fund your accounts. xcritical does offer a live chat bot which is decent but it still couldn’t answer some basic questions like “Is there an inactivity fee”.
To prevent identity theft, financial fraud, money laundering and terrorist financing, xcritical has set up a simple KYC process to verify the identity of its new clients. The broker’s customers are given 30 days after their first deposits to provide a proof of identity, a proof of residence and economic profile. For xcritical clients based in South Africa, India, Brazil and UAE, the 30-day period will start after they have made their second deposit. Once they have submitted their proof of identity and completed their economic profile, their deposit limit will increase from USD$2,000 to USD$50,000 per Personal Area. The deposit restrictions will be removed as soon as customers have fully complied with the KYC requirements. If traders fail to provide the requested information within the 30-day period, they will not be able to deposit or open any orders.
Account Type
With extremely low spreads starting from 0.0 pips, xcritical Pro accounts are designed for seasoned traders. For instance, xcritical clients registered in Vietnam and Singapore are subject to a minimum deposit of USD$200. There are three different types of accounts under the Pro category, including Pro, Raw Spread and Zero.
Traders can apply for an xcritical VPS for free as long as they have a total deposit of at least USD$500 and a minimum free margin of USD$100 in their trading account. xcritical customers also have to maintain the free margin of USD$100 throughout the application process, or else their VPS request will be cancelled. Aside from making it possible for trailing stops to function uninterruptedly, the xcritical VPS provides traders with a robust connection whilst using scripts and Experts Advisors during trading. Traders will find financial products that catch their eyes regardless of their preferences.
Other than spreads and trading commissions, trades held longer than a day are subject to an overnight commission known as swap. Swap rates differ from instrument to instrument, and are charged triple on Wednesdays to compensate for the coming weekend. When it comes to account spreads, the Standard and Standard Cent accounts have a minimum spread of 0.3 pips. Nevertheless, the xcritical Raw Spread account comes with a fixed commission of no more than 3.5 USD per lot per side. The xcritical Zero account has a minimum commission of 3.5 USD per lot per side.