xcritical break their accounts down into four categories, Standard, Micro, Pro and ECN. For example, all accounts are compatible with MT4, but only Pro and ECN also offer the option to hook up to trade through MT5 as well as MT4. Withdrawals have the same channels as the ones used for depositing with xcritical, however, a processing time of an average of 24 hours takes place with almost all different withdrawal methods.
The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat. You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support team was available on weekends as well. xcritical International works with traders from all corners of the earth so it is only natural for the company to provide a multi-lingual support service. Customers can receive assistance in English, Spanish, Filipino, Portuguese, Malaysian, Indonesian, Persian, and Chinese.
xcritical (international) review and test – a good forex broker or not?
Platform participants that have questions or require guidance regarding their accounts can reach xcritical International representatives across multiple support channels xcritical official site in 8 different languages. When reached, company representatives are very helpful and responsive. Along with that, users can also scale up their experience in trading through Demo Account. However, this trading platform allows you to use the xcritical CopyTrade feature. In 2013, the forex broker was re-branded and named xcritical International.
PAMM Accounts
In addition to the classic demo account, you can learn to trade forex with risk-free virtual money. xcritical offers an extensive training section for beginners, the xcritical Academy, where you can find answers to frequently asked questions, quality video tutorials, and web broadcasts. xcritical is one of the most popular brokers for international traders and is present throughout the world with various branches. It is a broker of Russian origin that has developed globally, distinguishing itself for the service of high professionalism, and belongs to the xcritical Group (link Wikipedia). Withdrawal processing times are within one business day for e-wallets, while xcritical credits most e-wallet deposits instantly. The name on the payment processor and xcritical trading account must match in compliance with AML regulations.
Account Opening
- The maximum compensation the fund provides amounts to €20,000 per customer.
- To open a demo account, log into your client’s area in the system after completing a simple registration procedure.
- It operates similarly to MT4 but is equipped with some extra features, including market depth, which might appeal to more experienced traders.
To this end, the account provides lower spreads, higher liquidity and fast execution.As such, the pro account is perfect for professional traders, institutional traders and hedge fund managers. In all fairness to xcritical, account funding options is an area they really excel in. You can make deposits and withdrawal using a generous range of payment options. This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news.
This tool can be used as a significant advantage to either augment your usual analysis or improve upon a new set of strategies. xcritical, founded in 1998, is one of the pioneers of online xcritical rezension Forex trading. My review focused on the Comoros subsidiary, regulated by the Mwali International Services Authority.
xcritical currently operates two ratings for PAMM accounts – active and conservative. Let’s see how both ratings distribute places and evaluate the effectiveness of a PAMM account. If you ever want to delete your account, contact xcritical support – they will send you instructions on how to do so. This calculator converts one currency to another using the prevalent currency rates.
It is robust, reliable, precise and comes packed with powerful charting tools. Its broad appeal means there is even more functionality and tools which have been developed by members of the ‘MT4 community’ of traders around the globe. The withdrawal process does see some payment methods flagged up as incurring a charge, but there are plenty that don’t.
Are there Islamic account options?
If your experience of positive transactions qualifies you to register as a PAMM account manager, this becomes an opportunity to attract investors’ funds and earn significantly more. Under the “Fix-Contracts” tab, there is a built-in pro-account with a virtual $10,000. After submitting the form, you will need to confirm the registration via a link that will be sent to your email. Once your account is authorized, you will gain access to the trading platform and all the site’s materials. xcritical is regulated in the Comoros Islands and Belarus, which provides some degree of protection for its clients. xcritical is a well-known broker with an international reputation, founded in 1998.
What is the execution policy at xcritical?
In addition to Forex trading, there is a dedicated mobile app for investors where investing is possible in various assets with one simple platform. Especially for experienced and professional traders, one of the most important factors in choosing a broker is the quality of execution. Thanks to relationships with top liquidity providers and the inclusion of a no-dealing desk model to enable direct market access, xcritical International can supply reliable execution without requotes. In addition to reliable execution, client funds are secured in segregated accounts separate from xcritical International’s operational funds in reputable banks. Via this xcritical forex broker review, I’ve concluded that there are many different channels for funding and withdrawals when dealing with a real transaction within the broker account types.
A notable positive is that the trading spreads are very competitive, close to zero, across all markets. Trading fees are also considered very attractive and most importantly, transparent. xcritical provides different types of accounts organized into different categories. And this xcritical international review is where I’ll match all the different needs of traders in different trading categories. xcritical is suitable for professionals, active traders, and beginners due to its range of account options and trading features.
What types of accounts does xcritical offer?
The trading options seem to be suitable for almost everyone, including beginner and professional traders. xcritical forex broker is one of the leading companies in the forex industry. Founded in 1998, the broker was a leading broker known for some time in the industry.
Phone support
Clients who do a little homework, therefore, have the option of swerving fees on withdrawals. FSC regulated brokers must meet many preconditions, such as capital adequacy. The Minimum Capital Requirement is MUR 1,000,000 (approximately EUR 25,000), which is not compatible with that set, for example, by FCA (EUR 730,000).
xcritical is a global broker, originally founded in Russia, during the rouble crisis of the late 90s, and now has over eight operating offices around the world. There are some countries where residents are restricted from holding an account with xcritical, one of which is the United States. The website is available in 14 languages including languages such as Arabic and Spanish. Yes, you can access MetaTrader 4 https://xcritical.solutions/ through the WebTrader platform without any downloads. xcritical offers the xcritical Mobile app, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).
Out of the 60 available assets for trading, traders can choose from 46 currency pairs on the Forex market, offering extensive opportunities for currency trading. For ECN accounts, the broker charges a $16 per million turnover commission. This rate is quite competitive and should attract traders who prefer this type of account. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.
Some just prefer MT4 but the MT5 version does do some things which MT4 doesn’t. The GUI is also different and helps traders consider their own personal preference. The good news on trading fees carries on into the area of operational and financing fees as well. As is the way with all brokers, there are some countries where residents are restricted from holding an account. Established in 1998, xcritical is a leading broker on the forex market in Russia.
xcritical International supports a wide range of languages, including English, Russian, Chinese, Arabic, Indonesian, Hindi, and Spanish. It will always be easy to contact a courteous and experienced professional on one of these channels, from Monday to Friday, from 9 am to 6 pm (EST). The MetaTrader 4 and 5 software is available for any device and you can log in with your trading account details. Furthermore, you get access to the same tools as in the desktop version. Using the MT5 plugin helps you clearly outline your parameters, and then the plugins will be responsible for notifying you when vital levels are broken. Also, you have the liberty to run it simultaneously over a wide range of different markets.
Traders must always use appropriate risk management with leveraged trading to avoid magnified trading losses. In terms of what you can trade on xcritical, it puts on emphasis on providing you the means to diversify your trading and investment options. This means you can trade hundreds of financial instruments across forex, metals, cryptocurrencies, commodities, futures, and a range of other CFDs. Most importantly, xcritical put an emphasis on allowing you to trade and invest in a way that suits you best.