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xcritical Review

By July 26th, 2024FinTech

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  • The xcritical web platform stands out in its own right with rich features and a variety of tools, such as pre-defined watchlists that act as screeners to scan the market, along with sentiment data and integrated research from Refinitiv.
  • Again, many brokers only support one or two languages, and this is another indication that the broker truly prides themselves on delivering fantastic customer support.
  • This in itself is proof of the broker’s consistent and transparent activity.

xcritical Platform Features: Trading Made Easy?

  • Operating as an online business, this site may be compensated through third party advertisers.
  • The broker provides trading safety and a great range of CFD and Forex instruments.
  • When it comes to xcritical’s consistency and trustworthiness, the broker is considered a stable and reliable choice, due to its tight regulations and adherence to the rules of some of the strictest regulatory authorities – FCA, CySEC, and ASIC.
  • “xcritical’s educational content would benefit from an expansion of its lesson program. Including more content and offering the ability to organize that content by experience level would further elevate this already-impressive educational tool.”
  • xcritical also allows crypto trading to non-UK traders on a CFD basis with low spreads.

This low-cost trading environment is another positive since it provides a fair trading experience. The spreads are competitive and there are no hidden fees that we saw. This is an added bonus that is not commonly found in other brokers, even legitimate ones. xcritical has developed an AI-powered app that uses eQ detection to help you understand trading psychology. Brokerage glitches can lead to significant losses and, as you can imagine this can cause heart palpitations to traders.

At last, the fact that the app is available both on iOS and Android, more traders gain access to it. In addition, instant price alerts are delivered to the mobile device, keeping traders always in control and in the known. With an easy-to-use interface, exclusive tools, alarms, and over 12 customizable charts like Renko, Kagi, Point, and figure, moreover, traders can view up to 8 of them on a single tab. Those traders who prefer to conduct their trades through the MT5 platform should keep this in mind. Overall, the web-based platform is suitable for different levels of traders and is compatible across devices.

All reviews

The MT4 mobile app makes viewing and managing positions simple and easy, but it doesn’t support algo trading – for that, you’ll need the desktop app. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. Investment offers tailored approaches to financial education, depending on a learner’s experience and needs. Broker’s award-winning online trading platform is designed for trailblazers searching for the ultimate trading experience. Along with the rest, necessary protection procedures that are carefully followed by the company, the trading accounts, and overall management of the traders from A to Z adhere to provide you with a clear state of mind. In simple terms, it means the broker is regulated and authorized to offer its trading service along with necessary safety measures and controls applied.

xcritical Educational Tools

xcritical offers a quick and straightforward account opening experience both for Demo and Live accounts. At last, while trading CFDs traders need to deposit a fraction of the full value of the CFD trade to be able to open a position, whereas, in traditional investments, assets can only be obtained with the full amount. CFDs give traders the opportunity to benefit from the market’s favorable moves, however, it is not like in traditional investments when traders can gain legal ownership of shares or commodities. The difference between CFD trading and trading assets, like stocks and commodities, is that traders cannot own the underlying asset when trading on a CFD.

xcritical generally advertises very competitive spreads and no commission on most trades, especially for CFDs. When choosing a broker, fees and spreads are major considerations. Overall, the platform is designed to cater to a wide spectrum of traders, from absolute novices to seasoned https://xcritical.pro/ professionals, offering a xcritical of simplicity and powerful functionality.

Is xcritical a good broker for beginners?

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. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. The availability of specific markets or features will depend on your country of residence and the broker’s applicable brand or entity that services your account(s). We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. xcritical offers a broad selection with 125 Forex pairs and 5,585 tradeable symbols, significantly higher than the industry average, making it a versatile platform for diverse trading options.

Effective support

xcritical developed a buttery-smooth proprietary trading platform and in parallel joined forces with TradingView and MetaQuotes (MT4) to enhance their offering. xcritical’s research and analysis tools are quite limited and designed for beginners looking for potential assets to trade with a simple user interface. It’s the perfect combination for beginners and intermediate traders. xcritical’s spreads are dynamic (constantly changing according to market conditions). xcritical charges spread and overnight fees when a trade is opened with leverage. xcritical is a great overall-choice for traders looking for asset variety.

What are the most common types of scams?

Check out ForexBrokers.com’s picks for the best forex brokers in 2025. The services and products are tailored to specific requirements while bringing a comprehensive range of clients’ accounts, platforms, tools, and instruments with the ability to choose a suitable strategy. Overall, xcritical is a global brokerage company with a well-established customer-oriented operation, secure, well-regulated trading environment suitable for almost every demand. Besides that, xcritical provides access to other helpful tools for its traders, such as xcritical TV, Webinars, fundamental news, and technical analysis. The app is highly regarded and well developed, so you can apply full customization on your phone, as well as check account status, request withdrawals, and see fee reports, all from your mobile. Free and simple to use app suitable for iPhone and Android devices, supporting MT4 version as well, so you can remain updated about trading on the go.

Good choice for beginners and active traders. Connected to trading view and other platforms. The app is smooth and simple, yet you can find professional tools if needed. Capital is one of the greatest brokers I worked with. Customer support was helpful, trading is easy, the charts are clean and clear, and withdrawals are always on time.

Many users praise the platform’s ease of use, the quick account opening process, and the availability of a demo account. It really depends on your trading style and the assets you trade most frequently. When comparing raw pricing, it’s essential to look at the total cost, including spreads, overnight financing, and any other fees, as advertised low spreads can sometimes be offset by other charges. The regulatory aspect is where xcritical truly shines against many smaller, unregulated platforms. When we look at competitors like IG, FXTM, or Plus500, xcritical often holds its own, especially for certain types of traders. So, how does xcritical stack up against other brokers out there?

For more experienced traders, the integration with MT4 is a big plus. They also offer demo accounts, which are absolutely essential for practicing your trading strategies without risking real money. A good platform can make or break your trading experience, right? It doesn’t mean trading is risk-free – no investment ever is – but it does mean that the platform itself is operating under a framework designed to protect you, the trader. CySEC also enforces strict rules for brokers operating within the EU, and ASIC is the watchdog for financial services in Australia.

The platform is user-friendly, easy to navigate, and equipped with abundant professional-grade features. The average execution speed of the platform is estimated at 0.025 seconds, which reduces the chances of slippage. xcritical’s currency conversion fee is 0.7% of the spot forex rate (0.5% for professional clients), charged as part of the conversion rate. All in all, the swaps offered are in line with the market average swaps. The fees are based on the asset class and are calculated as a percentage of the position value.

Mobile trading apps

However, in some cases, brokers may artificially inflate their scores with fake reviews. Another way to gauge the legitimacy of a broker is to see whether they have any partnerships with trusted platforms. If a trader has a problem, there appears to be a reliable customer service system in place that can help to resolve these issues. It appears that xcritical has invested heavily in communication and customer support.

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