XTrend is a brokerage company sponsoring AFA (Argentine Football Association). The company provides access to CFD trading on Forex, Crypto, and Metals with a minimum deposit of $50.
XTrend; An Introduction to the Company and Its Regulatory Status
XTrend is a brand name of Rynat Trading Limited, which is registered in Cyprus as an investment firm. The broker is authorized and regulated by CySEC with license No. 303/16.
Key features of XTrend:
- Segregated accounts for client funds;
- €20,000 coverage scheme per client;
- Headquartered in Limassol, Cyprus;
- The minimum deposit requirement of $5.
XTrend Broker Table of Specifications
XTrend is a Cypriot Investment Firm primarily focused on providing a safe trading environment with the moto “The Client comes first." Let’s take a quick look at what the Forex Broker has to offer.
Broker | XTrend |
Account Types | Real |
Regulating Authorities | CySEC |
Based Currencies | USD |
Minimum Deposit | $50 |
Deposit Methods | Visa, MasterCard, Neteller, Skrill, PayPal, Bank Transfer |
Withdrawal Methods | Bank Transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:300 |
Investment Options | None |
Trading Platforms & Apps | Proprietary App/WebTrader |
Markets | Forex, Indices, Metals, Energy, Stocks, Crypto |
Spread | Variable based on the instrument |
Commission | From $5 per lot |
Orders Execution | Market |
Margin Call / Stop Out | N/A / 50% |
Trading Features | Mobile Trading, Default Stop Loss at 80% (Customizable), Negative Balance Protection, Bi-Directional Trading |
Affiliate Program | N/A |
Bonus & Promotions | None |
Islamic Account | N/A |
PAMM Account | No |
Customer Support Ways | Email, Tel, Fax |
Customer Support Hours | N/A |
XTrend Account Offerings
XTrend provides a streamlined account structure, focusing on delivering a tailored trading experience through its live account with the following features.
Min Deposit | $50 |
Min Order Size | From $5 per lot |
Leverage | Up to 1:300 |
Max No. of Lots | 200 |
Demo | No |
Hedging | Yes |
XTrend Broker Registration and Verification
The broker implements a thorough registration and Know Your Customer (KYC) procedure containing 4 steps.
- Visit the broker’s official website;
- Click “Open A Live Account;”
- Fill out the registration form;
- Verify your phone number;
- Set a strong password;
- Fill in the personal information, economic profile, and trading experience forms;
- Provide proof of ID (Passport or National ID), proof of address (utility bill or bank statement,) and proof of payment.
XTrend Apps and Platforms
We must discuss the trading platform in this XTrend review. The broker offers a proprietary platform for mobile devices in addition to a dedicated WebTrader.
XTrend App download links:
- Android;
- iOS (Removed from App Store.)
XTrend Fees and Commissions
The company’s fee structure mainly consists of spreads, commissions, and swap rates (for holding positions overnight).
While swap is calculated based on traded volume, instrument, and number of nights, commission and spreads vary based on the asset.
XTrend trading costs for some of the most popular markets:
Instrument | Commission (USD) per Min lot Size | Average Spreads (Pips) |
EURUSD | 0.04 | 0.00002 |
GBPUSD | 0.04 | 0.00004 |
XAUUSD | 0.4 | 0.07 |
BTCEUR | 0.05 | 100 |
USOIL | 0.6 | 0.024 |
SPX500 | 0.8 | 0.4 |
AAPL | 0.08 | 0.045 |
XTrend Deposit and Withdrawal
While the broker only offers Card Transfers for withdrawals, it provides multiple options for account funding, including:
- Visa / MasterCard;
- Neteller;
- Skrill;
- PayPal;
- Bank Wire.
Does XTrend Broker Offer Copy Trading?
The company doesn’t provide any wealth management, investment, or copy trading services. The lack of methods for earning passive income can be a letdown for potential investors who to seek to earn money on their free assets.
XTrend Bonuses
Promotion is one of the most attractive topics in this XTrend review. However, the company is a CySEC-regulated broker and doesn’t offer any traditional bonuses due to the strict regulatory requirements.
The broker doesn’t even offer the traditional affiliate program for public and retail clients.
How to Reach XTrend Broker Support?
The company provides multiple channels for customer support, ensuring that traders can get assistance when needed. However, the lack of live chat feature is a serious weakness of XTrend.
support@thextrend.com | |
Tel | +357 25258020 |
Fax | +357 25258039 |
XTrend User Satisfaction
The trust score is one of the most important topics in this XTrend review. The broker hasn’t received many reviews from users on reputable review platforms like Forex Peace Army and TrustPilot.
TrustPilot | 3.7/5 based on 1 rating |
Forex Peace Army | Not rated (only a 1-star review) |
Conclusion and Final Words
XTrend allows for Bi-Directional trading (Hedging) with a minimum investment requirement of $5. XTrend broker is regulated by CySEC, and implements a compensation scheme of €20,000 per client.
However, the lack of live chat support and limited leverage options (1:30 for amateur clients) are the main weaknesses in this XTrend review.
