Instruments: Indices, Binary Options, Bonds, Commodities, Stocks and Currency Pairs
Finding the best possible CFD broker is possibly one of the hardest decisions a new trader will ever have to make. And finding a different broker if youâ€™ve become disheartened with your current choice can be an equal nightmare. There are so many different brokers to choose from, each with its own unique set of features, it could take weeks of research before you find the right one. Fortunately for you, there is an easier way. Reading a wide selection of broker reviews will help you whittle down the names to a more manageable number and thereby make the decision much simpler.
Introducing xCFD – A broker promising a high return on investment
xCFD and the xCFD logo are trademarks of xCFD Ltd, a New Zealand registered company. The xCFD website is managed and operated by Global Capital Markets Ltd, which is registered by VFSC under the Dealers in Securities Act. There is also mention of a Cyprus address but we could find no license or authority from CySEC. You may be thinking itâ€™s all a little confusing and we would agree. And this broker doesnâ€™t make much of a noise about its licensing and regulation either, which is always a little worrying. There is very little information available upfront either. For any trading details, you have to sign up and register for an account. You will be able to get some of your queries answered if you use the live chat, but nobody likes signing up for anything without being giving any relevant information. There is a lot to offer CFD traders, nevertheless, which is why we will be continuing with this review.
Benefit from an xCFD bonus straight away
Like many other brokers before it, xCFD are giving away a bonus that only requires you to sign up for an account and deposit a minimum of $10. There is a time limit attached to your first deposit and you have to make it within 30 days. But, provided you do so you will be entitled to a 100% xCFD bonus. If you manage a little bit more your bonus will increase. If you can afford to invest $200 or more there is also a 35% bonus, and 50% if you can manage more than $300. This was the current bonus available at the time of writing. For the latest information, we advise you to request the information via the xCFD live chat option, before risking your own money.
xCFD have just one real trading account
Always keen on features which make trading as simple as possible youâ€™ll be pleased to learn xCFD only have one real trading account, and the minimum deposit is just $10. This came about earlier this year when the minimum deposit was reduced to allow traders who would normally begin with a demo account to experience a more realistic trading environment, without risking huge amounts of cash. There is also a swap-free account for Islamic traders. As weâ€™ve said before, the minimum deposit requirement is only Â£10, but if youâ€™re able to invest more there are added xCFD bonuses available. xCFD is a broker which specializes in ECN trading, which means you donâ€™t have to worry about hidden commissions or fees. There are a wide range of instruments to choose from including indices, binary options, bonds, commodities, stocks and currency pairs, totalling more than 100. Leverage is available at 100:1. xCFD accepts all the usual payment methods including Skrill, Neteller, wire transfer, Mastercard, Maestro, Visa, American Express and others.
xCFD are making finance more fun with its UpDown Club
The UpDown Club is a recent addition and is a platform which allows clients to trade different types of binary options. Predicting what price the chart touches first is called a â€˜touchâ€™. Predicting whether it will be higher or lower in 30 seconds is called a â€˜nitroâ€™. Make a prediction in 60 seconds and it is called a â€˜turboâ€™. You will be able to trade more than 50 products with a minimum deposit of $10. There is also a free of charge demo account for $1000. Youâ€™ll also receive an xCFD bonus on your first deposit.
xCFD chooses its own trading platform
Rather than follow the crowd, xCFD has chosen to do things a little different and has developed its own trading platform. Donâ€™t be at all worried about reliability as it is a very stable platform with the fastest speeds and the best security. The download is swift and uncomplicated which means you wonâ€™t need a training course in order to use it. There is also an xCFD mobile version for all you traders who love to trade on the move.
Good quality customer support
If you need to ask any questions or receive some help there is a live chat option which is very responsive. We were able to get answers in a couple of minutes, and very polite and friendly were the responses. If you donâ€™t like the idea of online conversations you can call the phone number, 24 hours a day, or send an email. In respect of customer education, we found xCFD sadly lacking. There are some YouTube videos you can watch but these seem to be simply a guide to using the features of the xCFD platform. xCFD is miles behind some of the other CFD brokers weâ€™ve featured. Which is something of vital importance in the beginning. We should also mention xCFD was registered as a financial services provider in New Zealand but is currently deregistered. We were unable to uncover why this has happened. Nevertheless, there are a number of other features which are worthy of your attention. Spreads are low, the minimum deposit is only $10, there is a demo account, and a good range of bonuses. Just remember some of the negative points before you decide to choose this particular broker, and you always have the option of trading in the virtual world first.
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