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Xtrade Review

Steven Hatzakis

Written by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by Jeff Anberg

June 30, 2025
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Steven Hatzakis Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Xtrade, also known as OffersFX in Europe, has recently upgraded its trading platform, offering a redesigned web and mobile application, and providing access to nearly 500 tradable CFDs across multiple asset classes. The mobile application has improved significantly and the integration of trading signals is implemented well.

On the more negative side, Xtrade lags behind the best brokers, particularly in the research and education categories, and offers fewer markets than the industry average. ASIC’s recent cancellation of Xtrade’s license in Australia is also concerning and has substantially impacted its Trust Score.

  • Minimum Deposit: $250
  • Trust Score: 74
  • Tradeable Symbols (Total): 482
3.5
3.5/5 Stars
OVERALL SCORE
Range of Investments3.5/5 Stars
Commissions & Fees2.5/5 Stars
Platforms & Tools3.5/5 Stars
Research3.5/5 Stars
Mobile Trading4/5 Stars
Education3.5/5 Stars

Check out ForexBrokers.com's picks for the best forex brokers in 2025.

2025#59
2024#63
2023#61

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Pros & cons

thumb_up_off_alt Pros

  • Finansoft signals are well integrated into web and mobile apps.
  • New WebTrader uses TradingView charts and a modern UI.
  • Redesigned mobile app makes asset class switching seamless.
  • Market Trends feature adds quick sentiment comparison tools.

thumb_down_off_alt Cons

  • MetaTrader is not supported.
  • Total tradeable symbol offering is below industry average.
  • Education is outdated and too basic.
  • Can't drag to modify stop-loss/limit orders on charts.

My top takeaways for Xtrade in 2025:

  • Xtrade is a broker with some interesting prospects, especially after its new platform overhaul.
  • During my testing, I developed a keen admiration for its newly redesigned mobile app, despite limited features, since trading signals were well integrated and the overall user experience stands out.
  • The cancellation of Xtrade's Australia (ASIC) license is concerning, and puts Xtrade at a disadvantage compared to more trusted brokers.

Trust Score

Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.

Is Xtrade safe?

Trust Score
74
ForexBrokers.com

Xtrade is considered Average Risk, with an overall Trust Score of 74 out of 99. Xtrade is not a publicly traded company, does not operate a regulated bank, and is authorised by one Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Xtrade is authorised by the following Tier-1 regulator: in the European Union via the MiFID passporting system.

Feature Xtrade logoXtrade
Year Founded info 2003
Publicly Traded (Listed) info No
Bank info No
Tier-1 Licenses info 1
Tier-2 Licenses info 1
Tier-3 Licenses info 0
Tier-4 Licenses info 1

Xtrade Star Ratings

Feature Xtrade logoXtrade
Overall Rating info 3.5/5 Stars
Trust Score info 74
Range of Investments 3.5/5 Stars
Commissions & Fees 2.5/5 Stars
Platforms & Tools 3.5/5 Stars
Research 3.5/5 Stars
Mobile Trading 4/5 Stars
Education 3.5/5 Stars

FAQs

Does Xtrade offer demo accounts?

Yes, Xtrade offers free demo accounts through its various subsidiaries alongside the option for a live account and includes the ability to switch between both directly within the platform.

Is Xtrade good for beginners?

No, Xtrade’s initial minimum deposit and trading size requirements are not a good combination for beginner forex traders. With both a minimum deposit of $250 and a minimum trade size of 10,000 units, a beginner would be forced to use more leverage (at least 40:1 leverage if they only deposit $250) than they would otherwise need. The ability to buy micro contracts of 1,000 units would be more suitable for a beginner with a small deposit. Additionally, while it is good to see that Xtrade has a growing selection of educational content, I found the video courses to be overly simplistic and outdated.

What type of trader is Xtrade best for?

Xtrade is best for a trader who is not demanding in terms of platform variety, is content trading a smaller selection of CFDs, and doesn’t require a plethora of educational content and research. Even if you like trading signals and the Xtrade platform, it’s important to understand the risk of trading with a broker that has few licenses, as Xtrade only holds three following ASIC's cancellation of its license. As a result, I would not park a substantial amount of money with a broker in such a predicament.

Our testing

Why you should trust us

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

How we tested

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

  • For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
  • For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

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About Xtrade

Xtrade was founded in 2003 and is part of a group that operates related brands such as OffersFX. In Europe it is regulated by CySEC under the OffersFX brand, in Belize it is regulated by the IFSC under the Xtrade International LTD entity, and in South Africa, it is regulated by the FSCA under the Peak Wealth (PTY) LTD entity.

warningCaution:

On June 6, 2024, the Australian Securities and Investment Commission (ASIC) cancelled Xtrade’s license in Australia, citing “unconscionable conduct” and other compliance failures related to honest and fair dealing. Xtrade has already appealed the decision to the Administrative Appeals Tribunal of Australia (AATA) with a stay application that was subsequently refused.


About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck

Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg

Jeff Anberg is a Senior Editor at ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.

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