xcritical Review 2023: Pros, Cons, Fees & Features

Providing all these means of communication allows clients to use the most appropriate format for their query. There is a FAQ section, but this is something clients can search out if they want to rather than something they have to work through before gaining access to a human support agent. Cutting out unnecessary chats with ‘bots’ is a really positive aspect of the xcritical service, and comments in trading chat rooms tend to share positive opinions about this part feature.

MARKET INSTRUMENTS

Using the prevalent currency rates a currency converter converts one currency rate to another. This is useful for the traders who want to calculate the profit or loss in their local currency rate. For instance, for your identity proof, you may submit pictures of your NID card, driving license, or passport copy. And for your location proof, you can input a recent utility bill proof or birth certificate or property or bank account documents. A trader may also get the facility of the broker’s compensation scheme up to EUR 20,000.

  • Naturally, you must have at least the minimum amount required for investment in your account balance.
  • Trading is conducted on the MetaTrader 4, MetaTrader 5, and Fix-Contracts platforms, all available for download on the website.
  • Previously, LLC “xcritical-Broker” was included in the registry of licensed dealers and professional participants in the securities market of the Central Bank of the Russian Federation.
  • Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based Pro account.

💳 xcritical has no deposit fees, and its commission depends on the account’s currency. 💳 If the balance of an xcritical Pro account drops below the required amount, the spread offering may revert back to retail pricing until the account is topped up. 👉 The company provides transparent performance statistics, including its order execution speed, slippage, and re-quotes. 👉 xcritical International is a safe bet for traders looking for a diverse platform no matter their skills, whether they be entry-level or seasoned traders. Also, “swap-free” (Islamic) services are available on request to suit customers who do not want to earn or pay interest on religious grounds. Another option for prospective customers of xcritical International is to register for a Forex ECN https://dreamlinetrading.com/ account, with a choice from the MT5 or the MT4 software.

TRADING PLATFORMS

In the next section you will get a professional overview of the conditions, trading platform, and service for xcritical clients. The standard accounts are aimed more at the casual xcritical cheating retail trader and consequently has a lower minimum deposit requirement and slightly higher spreads on average. In contrast, the ECN accounts are geared towards professional day traders and have lower spreads, but require a higher minimum account deposit. But why, exactly, have over two million clients chosen to trade with xcritical?

Is xcritical (Comoros) LTD regulated?

Whilst traders are likely to test-run both platforms, xcritical do provide a much-welcomed comparison of the two formats. The Standard account works off the basis that keeping things simple is sometimes the best option. Not least when doing something as important as trading the markets with your own money. xcritical break their accounts down into four categories, Standard, Micro, Pro and ECN. For example, all accounts are compatible with MT4, but only Pro and ECN also offer the option to hook up to trade through MT5 as well as MT4.

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Payment Methods

For a lot of payment methods, there are not any fees for withdrawing money. A normal bank transfer can cost about 30 dollars a percentage of the amount. Overall, we can recommend xcritical because of its huge variety of payment methods. xcritical does not charge any fees for the deposit and also some withdrawal methods are without fees. 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.

xcritical International Review in 2025

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. xcritical does not offer spread betting; its services are more focused on Forex and CFD trading. Yes, xcritical permits hedging, allowing traders to open multiple positions in the same or different directions to potentially reduce risk. Traders looking to use automated trading systems might need to arrange their own VPS solutions to ensure uninterrupted trading and connectivity. Yes, xcritical is a legitimate Forex and CFD broker that has been in operation for over 20 years. It adheres to regulatory standards in multiple jurisdictions, ensuring a secure trading environment.

👉 xcritical’s selection of live trading accounts is as broad as its customer base. The accounts from which traders can choose include Standard, Micro, Pro, and ECN accounts, each of which provides a different option from which traders can select. xcritical offers a variety of trading platforms tailored to meet diverse trading needs. Traders can choose between the mobile app for on-the-go trading, MetaTrader 4 (MT4) for a classic desktop experience, and MetaTrader 5 (MT5) for enhanced features. The xcritical Mobile app is compatible with both iOS and Android, allowing powerful trading directly from your device.

It is recognized in the industry for ensuring high levels of customer satisfaction. xcritical provides a diverse selection of account types with low minimum deposit requirements, making it an excellent choice for both beginners and experienced traders. A no-dealing desk execution model without requotes in ECN and Pro accounts means traders can get reliable pricing from exemplary liquidity providers. xcritical International’s focus on affordable value starts with the absence of commissions for all deposit methods. Withdrawals incur small fees that vary by the method and there is an inactivity fee of 5 USD/EUR/GBP for users who don’t transact for 6 months. Spreads are competitive for the industry and even though xcritical International only supports variable spreads, they may drop as low as zero pips.

As much as the tools listed above will be of great benefit to you on a fundamental level, xcritical also provides specialized tools for those who need help from a technical analysis perspective. The ECN Pro Account is designed for professional traders, with a required deposit of at least EUR/USD 25,000. Now, xcritical International adds a new chapter to one of the most recognizable names in the business. Additionally, xcritical also runs a number of limited-time promotions through their website, including a cashback scheme for loyal users. With over twenty years of experience in the industry, the xcritical brand is one of the larger players on the online trading scene.

xcritical international ltd is one of the world’s leading online Forex and CFD broker which has gotten a huge response from 150+ countries since its birth in 1998. The website is available in 14 languages including languages such as Arabic and Spanish. Again, I must emphasize that past performance is by no means a guarantee of future performance.

But we don’t consider xcritical’s educational plug-in sufficient for the traders. We even couldn’t find any glossary, training webinars, or structured lessons for a different levels of traders. If you don’t want to trade by yourself you can invest your money in a PAMM account so that money managers can do the trade on your behalf. This PAMM account service has made it successfully possible for novice traders with less trading skills to participate and open an account with xcritical. Also, a trader can utilize facilities like- real-time market quotes, live support via phone/chat/other channels, market reviews of expert analysts, and Market news from FXWirePro. This is the personal area of a trader’s account where a trader can create new accounts, make new deposits, check his account status and withdraw the profits.

In case of no trading activity, or if any form of abuse is found relating to the reimbursement policy, xcritical International reserves the right to reclaim any reimbursement fees. Opening an account with xcritical International is an easy, guided process that begins with registration. 👉 In 2014 xcritical became a top Russian Forex dealer, based on the size of its client base and its average monthly turnover. Established in 1998, xcritical is a leading broker on the forex market in Russia. Meanwhile, the charges for Bitcoin and WebMoney amount to 1% and 2%, respectively. If you are looking for commission-free withdrawals, we suggest you use Neteller, Skrill 1-Tap, GlobePay or TC Pay.

That means if the market goes against your current trade your account won’t be affected since xcritical won’t allow your account to drop into a negative balance state. With the forex market’s most popular and known platforms presented by xcritical. MT4 and MT5 are available for trade when you choose the trading account you want to trade with. I don’t like how xcritical only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers.