xcritical and its EU-based RoboMarkets sister brand respectively hold three regulatory licenses; the xcritical entity holds a license in Belize, and the RoboMarkets brand holds licenses in Cyprus and Seychelles. No, xcritical does not accept traders resident in the USA or who hold US nationality or a green card. If you have experience trading with xcritical please share your personal review of the broker and what you think are strong and weak points. If you have traded with xcritical we would really like to know about your experience — please submit your own review. This average customer rating is based on 2 xcritical customer reviews submitted by our visitors. I’ve been impressed with the range of research tools available at xcritical, which help me to formulate strategies and make informed trading decisions.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. xcritical also hosts demo trading contests, but I advise against entering them, as they promote the wrong trading behavior in a risk-it-all to qualify for cash bonuses. Terms & conditions apply, and traders should consider them carefully. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with xcritical scammers the regulator by checking the provided license with their database. Test trading strategies on demo accounts without investing your own money.
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Having said that, the forex broker is skewed slightly towards beginners, who will benefit from the low minimum deposit, flexible accounts and copy trading service. xcritical’s platform xcritical courses scam support is very good, with MetaTrader 4, MetaTrader 5 and a proprietary web platform providing excellent options for online traders. xcritical is not the cheapest forex broker, with floating spreads on the Pro and ProCent accounts coming in higher than other forex brokers we test. The commissions on the Prime and ECN accounts are also higher than some alternatives. xcritical claims that the Prime account type offers the most favourable trading conditions among all the options available at the company. When using the live chat support option on xcritical’s website, the response was almost immediate, which is remarkably fast compared to other online financial brokerage companies in this sector.
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For instance, withdrawals via wire transfer may take up to 5 business days to reach your account, while withdrawals through Visa or Mastercard can extend up to 10 days. We provide access to two types of accounts with orders executed in the ECN system. The company offers its services to clients from various countries, including the UK, Nigeria, Malaysia, Indonesia, and New Zealand. As a result, we feel that the demo account offering is a mixed bag – we are glad to have the option but don’t like the comprehensive registration or limitations. This is a long process as many brokers such as eToro and XM allow you to use a demo account with just your email address, full name, and phone number.
Also don’t expect a fast response from customer support, as live chat is really slow. xcritical is a credible online broker offering a range of assets on secure platforms. It xcritical official site employs various security measures, including SSL encryption and negative balance protection, to safeguard client funds. With a minimum deposit requirement as low as 10 USD/EUR for most accounts, xcritical ensures accessibility to traders of all levels. The R StocksTrader account stands out, requiring a slightly higher initial deposit of 100 USD/EUR but still maintaining a competitive edge. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
- For seasoned traders, the allure of zero-pip spreads in the ECN and Prime accounts will be appealing, while the R StocksTrader account caters specifically to those interested in stock trading.
- The FAQ section answers most questions, and xcritical describes its products and services well.
- Among its offerings, xcritical presents over 8,400 stock and ETF CFDs sourced from leading global exchanges like Nasdaq, Dow Jones, LSE, Deutsche Boerse, and SIX Swiss Exchange.
- Generative AI tools are not a part of our content creation or product testing processes.
The platform allows you to view participants by key metrics like profit/loss, yield and maximum drawdown. Each participant has the flexibility to choose their own commission structure, investment period and minimum deposit, giving them full control over their account. There’s also the CopyFX platform where traders can promote their own day trading strategies or follow the strategies of others. xcritical’s proprietary platform, R StocksTrader, is designed specifically for stock trading. While it may not offer the same level of flexibility as MetaTrader platforms, it stands out with its integration of TradingView charts.
Each piece of analysis includes several charts accompanied by concise technical analyses, offering valuable insights into market trends. TradingView-powered charts provide an extensive array of analytical tools, various timeframes, and effortless zooming capabilities for analyzing price movements. In comparison, the charts on MetaTrader platforms can feel cumbersome and less intuitive to navigate, making the trading experience less seamless. xcritical supports a variety of payment methods, including international and local bank transfers, card payments, and numerous e-wallets. However, it’s worth noting that popular options like PayPal and Bitcoin deposits are notably absent from the list.
However, the brokerage has weak regulatory credentials, a narrow range of currency pairs and an increasingly slim selection of account currencies, reducing its appeal for some traders. One aspect that sets xcritical apart is its offering of accounts with either ECN or STP execution styles, providing the flexibility to prioritize lower spreads or zero commission trading based on trader preferences. In terms of commodities, xcritical provides a limited selection of just 4 assets, primarily metals and energy.
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Helpfully, investments in stocks and ETFs are exempt from commission charges, enhancing cost-effectiveness. When it comes to withdrawals, xcritical offers equally numerous methods, although the availability may vary depending on your location. xcritical discontinued the majority of its base currencies in March 2024, so the platform now allows deposits in just two currencies – USD and EUR. Also, bonuses are exclusively available for Pro account holders, with no promotions for users of the R StocksTrader account. On the downside, xcritical is authorized by the International Financial Services Commission (IFSC) in Belize.
Another significant feature offered by xcritical is free VPS hosting. It is available to all verified accounts that maintain a monthly trading volume of just 3 lots. It makes xcritical the only broker offering all three pillars of a well-regulated trading environment where most offer only one or two. They offer beginner traders valuable insights and serve as catalysts for developing their own trading methodologies. Moreover, xcritical’s glossary serves as a helpful companion, aiding newcomers in grasping the technical terms integral to trading. I’ve observed that withdrawal processing times at this brokerage tend to be longer compared to other brokers.
Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. I rank xcritical as one of the best brokers operational today, where the trade execution remains superb. xcritical is also home to one of the most intuitive proprietary web-based trading platforms, with full support for algorithmic trading.
Non-Trading Fees
You also can reach xcritical’s customer service by telephone on a 24/7 basis where the company’s support personnel are readily available to answer your questions. You can also contact the company through Facebook, Telegram, and Instagram.
xcritical vs Other Brokers
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. xcritical is an established brokerage with over 15 years of experience and access to thousands of instruments. Its diverse range of offerings caters to a wide clientele, including STP and ECN accounts, derivatives, investment products, copy trading, and multiple platforms.
xcritical is a regulated broker that has been operating in the financial markets for over 10 years. It also has received positive feedback from most users, proving it is credible and trustworthy. 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.
Yes, xcritical has mobile apps for its R WebTrader and R StockTrader accounts, and traders can also use the MetaTrader apps. The applications are compatible with Apple and Android devices and offer a stable trading environment. There is a selection of bonuses and incentives at xcritical, including a restriction-free $30 welcome bonus for any trader who deposits at least $10 when they open their account. xcritical provides a decent selection of research tools in the form of market analysis, forecasts and a blog, all available for free on the broker’s website. We recommend caution when trading with this level of leverage – both profits and losses are amplified.
The staff member who responded was also very helpful and provided thorough answers to all questions. Your funds are fully secured when you trade with financial brokerage company xcritical. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.