On-line since: About the company: xCFD forex broker based in New Zealand was established in 2013. Trading platform xCFD developed its own trading platform for speculating various financial instruments on the same account. The trading platform provides for safe stable work. Even though xCFD platform is a rather new development, traders can work with bitcoin. Despite innovations available with xCFD, the company does not offer its customers demo accounts. Trading conditions Traders can work with currency pairs, commodities, securities, obligations, indices, EFTs, and CFDs. Spreads at xCFD are the lowest ones in the industry. As a rule, traders pay 0.1 - 0.4 pip for majors. A standard spread for EUR/USD is 0.5 pip. Maximum leverage is 1:200. xCFD is an ECN broker, so there are no hidden commissions or fixed spreads. Scalping and hedging are allowed. Bonuses Making the first deposit of $100 to trading accounts, traders get a 50% bonus. Additional services Free manuals, trading contests, and bonuses. One-click trading. Support service Multi-language support service is available 24 hours 7 days a week. Questions can be emailed, asked in a live chat or by phone. The website supports the following languages: Arabic, Chinese, English, Russian, and Spanish. Payment options All standard payment options are available with xCFD. Payments options include using bank wire, credit/debit cards, Skrill, and some other payment methods. Advantages:
Disadvantages:
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After I joined xCFD, They do provide a lot of bonuses, but I haven't been able to get them. The service they said was 24 hours turned out to be difficult to contact, They don't have a demo account that is usually provided by other brokers. It seems that I will not continue my trading with xCFD because the terms and conditions are too complicated when I want to get a bonus.
I have opened an account with XCFD broker four months ago and my impression of them is entirely positive. As I am a scalper, I like their MetaTrader 4 platform which is very suitable for me because the order execution with their MetaTrader 4 platform is amazingly fast and I use the one-click trading function, orders are filled within seconds. I made a total of $652 doing scalping the last month. In addition to the fastest withdrawals that I have experienced with them last month, I requested a withdrawal of $400 and get it in less than a day through Skrill. Overall, I'm satisfied with XCFD broker.
I think XCFD is not for me. The spread is too large to make profit. Execution is not so good. Platform is not bug free. When the platform server got problem I ask from them but they did not response me. Recently I faced a problem with withdrawing my funds from my trading account. It was delayed and I had to wait more than two weeks!
I am able to trade comfortably at XCFD because of its favorable trading conditions. The broker provides a wide range of trading instruments allowing me to choose any pair that I want. The company also provides a bonus on the first deposit.
Get acquainted with this broker from the website. 2 years ago I was interested in forex trading, then I read their profile through their web site. I am quite confident by looking at their profile. Very neat. I only tried their demo account for 1 month. Then I dared to open my real account with an initial deposit of $500. I was quite experienced with forex before, so I thought this broker was right for me. The requirements they have are also very easy and simple. Today My account already has $5,000. I already withdrew $1500 using Wire and I every time I got my money within same day. Anything works fine as expected.
As a Binary options trading platform, XCFD is the worst platform I have ever seen. As I've suffered a lot with their slow execution and fake pricing chart on their platform. If I want to place a call or put, the order goes to the opposite direction or didn't execute. So I can't deal in the actual position, As 4 to 10 pips are different all-time in the platform. It is clear that somethings are wrong with their platform. So I have getting loses up to $200 dollars and realize that I can't recover my losses ever. Then I have left XCFD and make a withdrawal of $150 invest money via wire transfer, they also delay to pay my withdrawal. So I say XCFD broker service is worst.
First of all, the minimum initial deposit requirement of XCFD is reasonably low which makes it affordable even for new beginners. Second, their trading platform is absolutely amazing. I haven't encountered any lag or bugs throughout the six months of trading. Lastly, their customer support team is reliable. They are easy to contact and they answer promptly.
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