All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

When considering operating with offshore brokerages, traders should consider that they will be receiving very limited regulatory protection and oversight. XtreamForex offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. Funding your account by using our Payment Methods at XtreamForex is fast, reliable and easy! A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.

xtreamforex review

XtreamForex is a Brand Name Of Top Trading Firm Grand Investing LTD. Grand Investing LTD was incorporated in October 2007 and is headquartered in the centre of Majuro, Marshall Islands. The Company is a member of Grand Investing Group, one of the Biggest Trading Companies in southeast Europe.

Customer Support

Indices traders speculate on price movements in stock Indices like the FTSE 100, the Dow Jones and DAX. Trade Indices with excellent trading conditions and competitive spreads. Developing a Forex strategy should revolve around minimizing losses and keeping losses small usually refers to the overall number of money lost rather than how many trades lost. Because if you lose 100 dollars in 10 positions xtreamforex review in a row, it is just the same as loosing 100 dollars on 20 positions. What matters is the money you are losing or making, and you need to learn to utilize your initial funds and trades in a manner that saves you the most money. Another bonus has been launched by the broker recently, which is a 100% Rescue bonus. Any clients can claim the offer by making a minimum of $1100 deposit in their account.

First one is an email address of the support which is not the most comfortable way to get some help, especially when it is urgent. It is better than an email, however, there is only one number, when the broker is offering services for the worldwide audience. The broker also has a live chat, which is usually the best way to connect with the customer support team. However, the form Foreign exchange reserves requests personal details such as phone an email, before connecting to the broker’s representative. It is not good, as the chat should be readily available, moreover, this way customers are not protected from having their personal information misused by the broker. Till now I didn’t get any issues with trading platform, deposit and withdrawal so I highly recommend xtreamforex.

xtreamforex review

In this detailed XtreamForex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs. I really care about fast and hassle-free withdrawal, so I am writing this review while waiting for my withdrawal to be processed. They say it’s going to take up to 24 hours, which is a bummer, the last time my withdraw took only 12 mins. In January 2016, XtreamForex – – was formed in order to provide retail investors access to the currency, commodities, energies and equities markets. The degree of volatility is generated by different aspects of the paired currencies and their economies.

Lets Recover Your Money Now!

They provide excellent customer service and my relationship manager is always there to help me. Support is great, deposit was quick – up and running in less than an hour, withdraw was fast – also less than an hour. My next test will be to deposit with trader just crypto and perform another withdraw shortly after more profits accumulate. Let other traders know if this service is worth checking or should be avoided. This site provides unbiased reviews and may be compensated through third party advertisers.

According to it, there are no commissions for withdrawing money, however, there will be transfer fees based on the payment account used. One must use the same payment method for withdrawal which was used for depositing funds. As broker claims, withdrawal requests are processed on the same day but it might take 2-4 business days for the trader to receive the money. The broker has social media accounts on almost every platform – Facebook, Instagram, Twitter, LinkedIn, and even Pinterest. According to the Facebook page, it was created in February 2015 but the name of the page was Uniglobe Markets Asia but was renamed to XtreamForex in one year.

All of the above trading account types can be funded with either credit or debit cards, bank wire transfers, or the usual e-wallet services like Skrill, Neteller, FasaPay, WebMoney, and others. In addition, Xtream also accepts bitcoin deposits and withdrawals, which in recent years has become common among offshore-based brokers. That means that the company is a simple offshore firm that uses an STP connectivity to trade, attracts with the bonuses and competitive conditions while the rest remains unknown. We always advise trading only with the regulated broker only, since the financial investment is a risky business that requires much more standardization of the service delivery than the sweet words about its service. For that reason, XtreamForex remains as a Broker to Avoid while out recommendation will go to those companies who comply with the set of customer protection rules.

Offer Of The Month

No matter what method of trading, traders use, and what strategies they follow they should constantly be paying close attention to the money they are spending and the risk they have for losing that money. This can happen though one main thing which many traders choose to ignore; Cutting losses. XtreamForex offers its clients the opportunity to get Joint Venture Tradable Bonus that can help traders to take more advantages of trading opportunities by increasing equity. With the help of this Joint Venture you can open trades with higher lots and improve your profit margin.

  • XtreamForex is a member of the Investors Compensation Fund and state that client funds are held in segregated bank accounts as per their regulations requirements and that they provide negative balance protection.
  • Secondly, there is a live chat option available to ask anything about them.
  • As for the XtreamForex withdrawal, there is no page dedicated to the information.
  • The Company is a member of the Grand Investing Group, one of the Biggest Trading Companies in southeast Europe.
  • XtreamForex gives you competitive spreads and exceptional execution on some of the world’s most popular shares.
  • Moreover, while the lowest minimum deposit is 5 USD for the Micro account, one has to deposit more if using certain deposit methods.

Our whole team is committed to offering best industry leading products and services to all clients. As the name suggests it advices the trader when is the right time to take the profits and close the trade. While many forex analytics traders can go into good trades deciding when is the right to pull out is a little more tricky. Pulling out too soon may prevent you from making further profits and pulling out too late may cost you your profits.

We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker. Rates, terms, products and services on third-party websites are subject to change without notice. You can have up to 5 trading accounts, according to the company’s policy. In order to open an additional account, you just need to log in to the Client Area, click on “Add a New Account” and then choose the Account type, Base Currency, and Leverage. To withdraw funds from your trading account, you can go to the Fund Transfers section, then choose Withdraw Funds, fill in the form and submit it.

Reviews

Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. XtreamForex is a trading name that is operated by Grand Investing Ltd. XtreamForex claims its Award Winning pure STP/ ECN trading environment with real-time execution, tight spreads and truly advanced trading instruments offering on a variety of the platforms. What is more, the broker states its delivery of fully licensed and regulated services and license to provide investment service along with funds security protection. The information about XtreamForex withdrawal can only be seen on the Frequently Asked Questions page. The broker claims that the withdrawal requests are processed on the same day, but it takes up to 4 business days for traders to get their money, which is a longer time than some other brokers are offering.

XtreamForex offer a range of assets including Forex & CFDs for trading via the MetaTrader platforms. The broker has flexible account types & convenient funding options along with trading tools, trader’s academy & signal copying service. In order to fund your account by bank wire transfer, you will need to obtain the brokers bank details from the Client Area or request them by sending an email to customer support. As soon as you make your deposit by bank transfer, you will have to provide them with a swift copy of your transaction. Funding your account with all the other payment methods is initiated directly via the Client Area.

We work regular to collect information of broker houses according to brokers latest data. Receive 100% bonus on the amount that you deposit into your account. The bonus applies to New Clients who Deposit Funds of $1100 in their account. According to the official website of XtreamForex, this broker is licensed to operate and “regulated” in the Marshall Islands. However, it isn’t clearly stated which independent or government authority regulates it. But since brokers normally state which authorities regulate them, there is a higher chance that XtreamForex is not regulated by any at all. To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc.

xtreamforex review

Additionally, you can download the MetaTrader app from the relevant app store on your iOS or Android mobile device. Yes, XtreamForex allow all types of trading strategies, including automated systems, scalping and hedging. The spread is the difference between the Bid price and the Ask price of the instrument being traded. This is a price that you pay to a broker when you enter and exit Forex trades.

About The Broker

You can also use my free trading tool to compare forex brokers including XtreamForex. The MetaTrader 4 terminal is a perfectly equipped platform that allows trading in Forex, CFDs and related products. It provides the necessary tools and resources to analyze price dynamics on financial markets, conducts transactions, creates and use Expert Advisors . XtreamForex requires a minimum investment of $5 from traders to open an account, which is a very low minimum deposit requirement. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to them.

During US elections volatile market my stop loss was perfectly hit and no slippage. Their customer support is very good and all my requests are taken care immediately.

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