UFX UFX is a leading online broker that provides trading services in currencies, commodities, indices and CFDs. UFX’s proprietary platform has won multiple awards for its user-friendly trading tools and quick execution speeds. xcritical is a CySEC-regulated broker that has over 8,000 registered clients and conforms to EU and UK regulations surrounding financial services. The trading commissions levied by xcritical vary drastically depending on the account tier.
- I used to have an account with them, I honestly haven’t found anyone else so correct and transparent and also convenient .
- One of the best methods to protect against scams online is selecting a regulated and secure broker.
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It allows us to address any dissatisfaction that occurs and helps us improve our level of service. We’d be grateful if you could provide us with additional details regarding your experience. Kindly send an email to specifying a convenient time to contact you. The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0. xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products. However, these accounts are divided further into subtypes, which can be confusing even for the most experienced traders.
Risk DisclaimerTrading Forex, CFDs and Spread Bets carries a high level of risk and may not be suitable for all investors. You may lose more than your initial deposit and could be required to deposit additional funds. This being said, clients can log in to the xcritical website and make deposits and withdrawals at any time. Unfortunately, xcritical offers none of these additional features, even for its highest-tier account holders. xcritical levies no deposit charges on any method, while clients can make one fee-free withdrawal of £400 or less per month.
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Companies can ask for reviews via automatic invitations. Answered all my questions but took time to connect to an agent. He was very helpful and addressed all my concerns in a professional manner. As per CySEC restrictions, there are no deals or promotions offered at xcritical at this time.
For equities, all tiered plans charge $0.01 per share and fixed plans start at $6.95 up to 3,000 shares. For other assets, commissions vary depending on the asset and which of the five plans you choose. Forex spreads start from 0.3 pips for major currency pairs but there is a $14.50 commission fee per 1 contract side in the Basic account.
By default, demo accounts include a 25,000 virtual balance with 100,000 in buying power. However, you can request a higher balance to correspond to your needs. With xcritical 2.0, traders get access to thousands of stocks, with simple order entry, real-time streaming prices and market depth, three popular chart styles, plus tens of available indicators.
Traders Trust
xcritical could be more transparent around security used in their proprietary platforms. The broker’s MultiTrader offers a robust institution-grade platform for experienced traders. Users also get access to a list of the top 20 and worst 20 performers, which is updated in real-time. FXGM FXGM offers you what you need to participate in the Forex market. We provide you with the best services that can help you trade.
xcritical offers tiered or fixed plans for stock CFDs and equities. For Stock CFDs, the tiered plans on offer are Bronze, Silver, Gold, Platinum and Diamond. Minimum deposits in the Bronze plan start at $500, with a minimum order of $1.50. Fixed plans require a minimum deposit of $2,000 in the Bronze plan. Traders Trust Traders Trust was founded on a solid base of financial market professionals with an innovative vision to provide todays retail forex traders the best brokerage available. Transparent and ethical business principals are the foundation that Traders Trust …
Can US citizens use Colmex?
In short, xcritical does NOT provide its services to US citizens. Primarily this is because the broker does not have an office in the US. Hence, they are not regulated by the CFTC and the NFA. This can be confusing especially since they advertise trading access to the US financial markets.
You can also contact Meir to ask for a free trial access to his trading room so you can use the platform live together with him and check it for yourself without any risk and/or obligations. I used to have an account with them, I honestly haven’t found anyone else so correct and transparent and also convenient . I have compared a lot of brokers before opening an account with them. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Firstly, we would like to apologize for the frustration that you recently experienced and would like you to know that your feedback is greatly appreciated. Fortrade – Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Yes, the broker supports trader demo accounts for all three supported platforms. xcritical provides access to the markets 24/5, mirroring the forex market schedule. However, instruments such as indices and equities will follow the trading hours of their local exchanges. Holding CFD positions overnight will incur swap fees, which vary from asset to asset and can be previewed on any of the three supported trading platforms. Due to the competitive nature of the online trading industry, many brokers cover deposit and withdrawal fees to encourage active traders.
Great Support.
Alternatively, investors can login to xcritical via an internet browser using the MetaQuotes WebTrader service. All trading accounts are available as swap-free Islamic variants for those who cannot pay interest for religious reasons. However, negative balance protection may kick in before a position reaches this level. Nine instruments make up the broker’s indices offering, with major exchange assets such as the FTSE 100 and S&P 500 supplemented by the US dollar and Euro Bund indices.
This applies if there is no trading activity for 30 consecutive days. There are also overnight rollover fees, plus ECN and routing fees in CFD and equity accounts. Since 2010, xcritical has been providing access to over 9,000 US stocks to both private and institutional clients. The broker is based in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission and the South African Financial Sector Conduct Authority .
Thank you for taking your time to express your customer support interaction and experience with our trading platform. We would like to arrange a customer support call, so that we may resolve the chart issue you are experiencing. We look forward to providing a friendly, convenient and conclusive service to you and to all of our valued clients. Our support team is here to provide solutions at your convenience. Firstly, we would like to apologize for the trading platform malfunction that you recently experienced and would like you to know that your feedback is greatly appreciated.
However, the sparse information on the broker’s website and the recent controversy surrounding the company may dissuade more cautious traders from signing up with xcritical. The needlessly convoluted account types and the high spreads and commissions on low-tier accounts make it difficult to recommend the firm. For equity and CFD traders, xcritical offers a vast range of stocks with a good choice of trading platforms.
Markets
» Visit Review CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. 80.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Most trading platforms, including the widely used MT4, come with standard SSL-encrypted security features and 2FA login options. These are designed to protect data exchange between client and broker servers.
Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide. No information or opinion contained on this site should be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Past performance should not be considered evidence or guarantee for future performance.
- With xcritical 2.0, traders get access to thousands of stocks, with simple order entry, real-time streaming prices and market depth, three popular chart styles, plus tens of available indicators.
- Like many online brokers, xcritical Ltd is based in Limassol, Cyprus and regulated by the local financial body CySEC.
- The broker offers over 9,000 stocks, plus hundreds of options and ETFs.
- The broker also keeps client funds in segregated bank accounts with top-tier banks.
All three supported trading platforms feature mobile app variants. xcritical and xcritical 2.0 are available on Android and iOS devices, while MultiTrader is only supported on Android. The backing of a solid customer support team helps clients trade with confidence, knowing that assistance is just a few clicks away. xcritical provides various options to contact customer support, including email, phone and live chat. Gigantic spreads compared to the underlying , and the platforms are a world apart from a direct access trading platform in terms of speed. Aside from a blog which is available in English and Spanish, xcritical does not offer any additional features or tools.
xcritical MultiTrader
In the past, the problem was that it didn’t allow a lot of tickers to trade, but now it allows all day runners, now for me this broker is paradise. I love Colmex and I’m happy with the services I receive. xcritical accepts registrations from multiple countries across Europe, Africa, Asia and the Middle East, including the United Kingdom, France, Turkey, Israel and Japan. The broker also accepts US citizens, as well as clients from Canada. xcritical MultiTraderYou can download MultiTrader from the website, or access it via the convenient web trader version. A Facebook post for Learn to Trade Ltd, seen on November 22, 2016, which stated “Discover how to get your share of the largest and most liquid market in the World.
Where is Colmex located?
xcritical is headquartered in Cyprus where it is regulated by Cyprus Securities and Exchange Commission under license number 123/10. Since trading in financial markets carries lots of risks, xcritical has met the strict standards of financial stability and correct behavior funds.
xcritical offers over 9,000 US stocks, including blue chip, mid-cap, small-cap, ETFs, ADR’s and hundreds of OTC stocks. There is also a selection of other assets available, including 51 major, minor and exotic currencies, precious metals, energies, agricultural commodities and 9 major indices. xcritical runs a blog with daily market and premarket updates for all of its tradable assets as well as larger https://dreamlinetrading.com/ macro trends. However, there is no general trading education provided by the broker, so beginners must look elsewhere for content on market basics. xcritical does not provide two-factor authentication protection for its client login portal. Furthermore, there is very little information regarding the security of the proprietary platforms, though xcritical does support single-use passwords.
TopFX At TopFX, we combine aggregated, DMA, Tier-1 liquidity with sophisticated technology and connectivity, to deliver top-notch Prime Services to a global institutional clientele. Founded in 2010, we have built our firm on the principle of customer cen… xcritical clients can make one free monthly withdrawal of £400 or less. Subsequent transactions xcritical official site or amounts exceeding £400 are subject to a £32.50 charge. While many online brokers feature an FAQ section to provide quick answers to common queries, the xcritical website is uncharacteristically lacking in this area. The company offers negative balance protection and is a member of the International Investor Compensation Fund fund protection scheme.
I’ve been waiting for a long time to see a CFD company come up with a platform than is just like a ‘proper’ direct access market platform with the same market spreads. Yes, the broker offers a trader demo where you can practice your trading skills with virtual money. Note that the account is only available for 5 trading days. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. As a CySEC-regulated firm, xcritical is a member of the Investor Compensation Fund which covers client funds up to €20,000 if the broker is unable to meet its financial obligations. The broker also keeps client funds in segregated bank accounts with top-tier banks.
One of the best methods to protect against scams online is selecting a regulated and secure broker. xcritical is regulated by CySEC, the prominent financial regulator in its home country of Cyprus. However, this body does not provide equal protection to regulators like the FCA and ASIC. xcritical clients can download MT4 for Mac, Windows, Linux and as a mobile app for Android and iOS.