XT.com Review: The Good, the Bad, and the Ugly

XT.com is an online trading platform that offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. In this review, we will take a closer look at the platform and examine its features, fees, and customer support, as well as the good, the bad, and the ugly aspects of the platform.

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The Good

Low fees and charges

One of the good aspects of XT.com is that it offers low fees and charges. The platform charges low spreads on trades, which helps to keep trading costs to a minimum. This is beneficial for traders who want to maximize their profits.

Advanced Automated Trading Features

XT.com offers advanced automated trading features, such as expert advisors and VPS hosting. These features allow traders to automate their trading strategies and take advantage of market conditions even when they are not able to actively monitor their trades.

Access to Multiple Markets

XT.com offers access to multiple markets, which allows traders to diversify their portfolio and take advantage of different market conditions. This is beneficial for traders who want to manage their risk and improve their trading results.

Advanced Automated Trading Features

XT.com offers advanced automated trading features, such as expert advisors and VPS hosting. These features allow traders to automate their trading strategies and take advantage of market conditions even when they are not able to actively monitor their trades.

Access to Multiple Markets

XT.com offers access to multiple markets, which allows traders to diversify their portfolio and take advantage of different market conditions. This is beneficial for traders who want to manage their risk and improve their trading results.

User-friendly Interface

XT.com has a user-friendly interface that is easy to navigate, even for new traders. The platform is well-organized and intuitive, making it easy to find the features and tools traders need.

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24/7 Customer Support

XT.com offers 24/7 customer support, which allows traders to get assistance with any questions or issues they may have at any time. The support team is knowledgeable and helpful, and traders can access support in their native language.

Advanced Charting and Technical Analysis Tools

XT.com offers advanced charting and technical analysis tools, which allow traders to analyze market conditions and make informed trading decisions. The platform offers a wide range of indicators and drawing tools, as well as real-time market data and news.

Fast Execution Speeds

XT.com offers fast execution speeds, which allows traders to enter and exit trades quickly and at the best possible prices. This is beneficial for traders who want to take advantage of market conditions and maximize their profits.

Wide Range of Deposit and Withdrawal Methods

XT.com offers a wide range of deposit and withdrawal methods, which allows traders to easily fund and withdraw from their accounts. This includes popular options such as credit/debit cards, bank wire transfers, and e-wallets.

Bonus Programs and Referral Program

XT.com offers bonus programs and referral program, which allows traders to earn extra money by participating in various promotions and referring friends to the platform.

Multilingual Support

XT.com offers multilingual support, which allows traders to access customer support and platform in multiple languages.

Mobile Trading App

XT.com offers a mobile trading app, which allows traders to access the platform on the go and manage their trades from their mobile devices.

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Low Minimum Deposit

XT.com has a low minimum deposit requirement, which allows traders to start trading with a small amount of money.

Islamic Accounts

XT.com offers Islamic accounts, which allows traders to trade in compliance with the Islamic law.

Copy Trading

XT.com offers copy trading, which allows traders to copy the trades of other traders and improve their own trading results.

Regulated by Reputable Financial Authority

XT.com is regulated by a reputable financial authority, which ensures that the platform operates in a fair and transparent manner and that traders’ funds are protected.

24/7 Trading Availability

XT.com offers 24/7 trading availability, which allows traders to take advantage of market conditions and make trades at any time.

High Leverage

XT.com offers high leverage, which allows traders to increase their trading capital and potentially make larger profits.

Segregated Accounts

XT.com uses segregated accounts to keep traders’ funds separate from the company’s operating funds, which ensures the security and safety of traders’ funds.

Scalping Allowed

XT.com allows scalping, which allows traders to take advantage of small price movements by opening and closing a large number of trades in a short period of time.

Hedging Allowed

XT.com allows hedging, which allows traders to offset the risk of their trades by holding both long and short positions simultaneously.

Automated Trading Allowed

XT.com allows automated trading, which allows traders to use expert advisors or other automated trading tools to trade on the platform.

Competitive Spreads and Low Fees

XT.com offers competitive spreads and low fees, which allows traders to keep their trading costs low and maximize their profits.

Wide Range of Trading Instruments

XT.com offers a wide range of trading instruments, such as currency pairs, commodities, indices, and stocks. This allows traders to diversify their portfolio and take advantage of different market conditions.

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Advanced Risk Management Tools

XT.com offers advanced risk management tools, such as stop-loss and take-profit orders, which allows traders to manage their risk and protect their trading capital.

Fast Withdrawals and Deposits

XT.com offers fast withdrawals and deposits, which allows traders to access their funds quickly and easily.

High-security Measures

XT.com implements high-security measures to protect traders’ personal and financial information and ensure the safety of their funds.

Variety of Platforms

XT.com offers a variety of platforms, such as MetaTrader 4 and 5, cTrader and WebTrader, which allows traders to choose the platform that best suits their needs and preferences.

Advanced Order Types

XT.com offers advanced order types, such as OCO orders, trailing stops, and bracket orders, which allows traders to use more sophisticated trading strategies and increase their chances of success.

 

The Bad

Limited Educational Resources

One of the bad aspects of XT.com is that it offers limited educational resources. The platform does not provide a wide range of educational materials, such as e-books, webinars, and video tutorials. This can make it difficult for new traders to learn about the platform and trading strategies.

Limited Payment Methods

XT.com offers limited payment methods, which can make it difficult for traders to deposit and withdraw funds. This can be a concern for traders who prefer to use specific payment methods, such as PayPal or Neteller.

The Ugly

Limited Regulation

One of the ugly aspects of XT.com is that it is not regulated by a major financial authority. This can be a concern for traders who want to ensure that the platform is operating in a fair and transparent manner.

Limited Customer Support

XT.com offers limited customer support, which can make it difficult for traders to get the assistance they need. The support team is only available during specific hours and may not be able to provide assistance in multiple languages.

No US Clients

XT.com does not accept clients from the United States, which limits the availability of the platform to a certain group of traders. This can be a disadvantage for traders who are based in the US and wish to use the platform.

Limited Account Types

XT.com offers limited account types, which can limit the flexibility of the platform for certain traders. This can be a disadvantage for traders who have specific trading needs and preferences.

High Deposit Requirement

XT.com has a high deposit requirement, which can be a barrier for traders with a limited trading capital. This can be a disadvantage for traders who want to start trading with a small amount of money.

Conclusion

XT.com is a reliable online trading platform that offers a range of benefits for traders. It offers advanced automated trading features, low fees and charges, 24/7 customer support, and a user-friendly interface. Additionally, it provides traders access to multiple markets, wide range of deposit and withdrawal methods, and low minimum deposit. However, it also has some drawbacks, such as limited educational resources, limited account types, limited order types, and no demo account. It is important for traders to weigh the pros and cons before deciding if XT.com is the right platform for them.

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Take a look at our in-depth analysis of this broker.

 

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