Before investing via a CFD broker, one of the major concerns that the traders have is to understand, whether they will have an issue while withdrawing their money. In such regard, you have to read the forums, reviews and comments. Commonly, the Xtrade does pay on time, but some people declare that they had issues in withdrawing their money due to some technical problems. If you are trading with Xtrade broker, initially, you do not even charge any commission for every operation, but instead you can make use of spreads. The working of these spreads are including a cost of opening and closing a position as well as sell or buy a CFD on specific underlying is diverse. Hence, this differentiation is known as spread.
Is Xtrade a scam?
Before putting a first step in trading, you always have to evaluate the guideline of a broker regulation. This would tell you whether the broker Xtrade scam or not. Actually, Xtrade is a Cyprus based broker and also authorized as well as regulated by a Cypriot entity. The Cyprus is one of several countries in the Euro Zone and European Union like Spain. Thus, they comply with the entire communities, regulations and treaties as well. Moreover, its Italian branch is registered in an Italian entity named as CONSOB that would be slightly same as to the FCA of UK.
When it comes to creating the basic account, first, you have to be cautious of Xtrade scam, because it generally needs a least initial deposit of only hundred dollars or euros. Then, the spread is fixed that could be ranged from four to six pips. If you wish to register with a premier account that is of greater level, then the situations are good. Right from the beginning, the pips are ranged from two to five. Even there are several assets available to invest, so you cannot even view each and every one of those spreads.