xCFD brokerage firm was registered in New Zealand in 2013. It became extremely popular among Forex traders. The reason for such popularity is that company has a wide range of trading instruments and unique trading conditions.
xCFD provides online trading services on forex market for clients from 40 countries with focus on European and Asian markets.
Money Deposit and Withdrawal
xCFD clients can deposit and withdraw money from trading accounts using following financial instruments:
- Wire transfer;
- Credit/debit cards;
- Online payment systems: Skrill (MoneyBookers), WebMoney, Alfa-click, China UnionPay, Diners Club, SOFORT, WebMoney, giropay, bitcoin.
Payments are executed precisely and within shortest time frames.
- Wire transfer and operations with credit/debit cards are executed during 3-5 business days.
- Online payments are executed during one business day.
xCFD is a regulated broker. Its financial activities are regulated by FSP financial regulatory authority (New Zealand).
Broker pays great attention to money transferring security and security of clients’ assets. For this purpose company’s experts developed range of unique software products that allow confidential operations with simple verification procedures.
Company has partners among the best world banks and powerful insurance companies. That’s why company shows good results in reliability and liquidity.
Company widely uses segregated accounts. It allows to keep clients’ money separate from company’s funds and to deal with unforeseen situations.
Tight cooperation with leading insurance companies allows to provide wide range of different risk management programs.
Bonuses and Special Offers
There are three bonus programs for xCFD clients:
- No Deposit Bonus. Every client with live trading account gets 30% bonus. Bonus can’t be withdrawn, it is aimed for trading;
- Bonus for First Deposit. Initial deposit should be at least $300 USD. Bonus in this case equals $50 USD. These money can be withdrawn after the trade turnover conditions are met.
- Referral program. For every new referred client you get bonus – percentage of sum, deposited by referral. Maximum bonus can be up to $600 USD. Bonus money could be withdrawn after the trade turnover conditions are met.
You can find more details about bonus programs on the company’s official website.
Trading Account Types
xCFD is a regulated ECN broker.
Clients can open a live trading account and use next trading instruments:
- Major currency pairs (38 pairs, 14 exotic ones).
- Share indexes;
- Raw materials;
- Precious metals;
Trading account parameters:
- Minimum deposit – $100 USD;
- Minimum trading size – 0,01 of standard lot;
- Fixed spread – 0.1 pips;
- Scalping is allowed;
- Automated trading is forbidden;
- Five-digit quotes;
- Leverage -200:1.
- Margin-call – 110%;
- Stop Out – 110%;
You can use US dollar and Euro as deposit currency.
Trading Platform Types
xCFD offers only one trading platform. It is professional EXANTE platform, company uses it on the basis of exclusive agreement.
Experts claim that xCFD platform is one of the most convenient, practical and accessible. All operations are executed through ECN-network. Clients get access to live market quotes without market makers and other intermediaries.
Platform has built-in research and information source that allows to cut time on decision making. Unique indicators and trading advisors make your trading comfortable.
You can easily use this platform on different devices and operating systems.
Technical Support Service
xCFD technical support service works 24/7, thus providing smooth work even on holidays.
You can ask your questions and get qualified answers via next channels:
- Multichannel phone with callback function,
- Interactive website forum on company’s server.
You can use English or Russian languages.
Regardless the communication channel, response time won’t exceed 1-3 minutes.
Pros of Trading with xCFD
First of all, pay attention to wide range of trading instruments. According to this estimation xCFD is one of the best companies on FX market.
It is also necessary to admit the speed and precision of orders execution. There are no requotes and slippage.
Unique low spreads are the main feature of xCFD forex broker. As ECN broker, company in fact passes orders directly to liquidity providers. Company can provide comfortable trading conditions due to cooperation with the leading liquidity providers.
xCFD provides technical and information support 7 days a week.
The main disadvantage is that company has only one trading platform. EXANTE is one of the most simple and convenient platforms. It is powerful software suite for professional traders, but it is not very easy for beginner to learn all its features and options without someone’s help.
Ruslan Boyko: Not bad trading broker. Works fast and precise. Orders execution is immediate. Saying about trading instruments – this broker has everything, as in proverb: “If you don’t know what you need – visit us, we already got it”.
Jeremy Fross: Good and self-assured broker. Precise order execution. I recommend this broker to everyone.
It is too early to say something about this company. It is too young. Company’s first priority was market expansion and large client base. This strategy explains such a wide range of instruments combined with not very powerful technological and information bases.
We can assume that company achieved its initial goals. It pays more attention to quality of its activities now. Libraries have become wider, and technical support service has started to working more precisely.
According to all above mentioned, xCFD is focused on forex trading market and works to improve situation on captured territories.