There is no hidden fees or extra trading commissions in XTrade trading account.
So the current spread you re viewing in your trading account is the all costs for tradings and the spread is fixed.
XTrade offers fixed spread for all financial product which XTrade offers.
XTrade offers Forex currency pairs and more than 800 of CFD products, and the spreads for them are fixed at most of the times.
Although the fixed spread can be updated and changed by XTrade at anytime so please do not expect that the minimum spread you are reviewing will last forever.
Also depending on the market volatility/situation, like when an important economic News is released, the spreads are not necessarily fixed at all times.
Orders during News time may be rejected or executed at an unexpected price than you have requested.
Forex Spread with XTrade
Xtrade offers the best CFD trading solution for investors.
The broker offers the largest number of CFD product which is more than 800, and you can access to all CFDs and even Forex Currency Pairs in one trading account.
Although, XTrade offers CFDs with lower costs than the actual underlying markets though, the spread(in this case the total costs of trading) of Forex Currency pairs are not the tightest in the industry.
The fixed spread for Forex Pairs start from 3 pips which is wider than many online brokers’.
So XTrade may be not the best choice for traders who only trade Forex.
Low cost for CFDs
Trading CFDs eliminate many extra costs which incur if you trade with stock agencies for real stocks.
So trading CFDs comparing to real stock markets is:
- Even Lower costs
- Benefit from falling prices
- Dividend/bonus paid in the same way
- High leveraged, so requires small margins
But only demerit if you point out would be, you will not have the vote right as you will not have the actual ownership of underlying instruments like shares, commodities etc.
So if you are not much interested in the ownership itself, CFD trading surely recommended for you.
You can start trading CFDs in a few minutes with XTrade. All process will be done on the web including deposit/withdrawal, trading and account management.
Although, there is no extra commissions for tradings or trading accounts, you will always need to have an enough margins in your trading account to support your open positions.
XTrade has set the Stop out(and also margin call %) to 15%.
This means that if the margin level in your trading account reaches 15%, all your existing open positions will be closed to avoid further losses. This is also called a liquidation.
This action will be made by the system automatically and the system will automatically find the lest price available at the moment and execute all positions.
Considering that the spread is not necessarily fixed at all times and the prices fluctuate at anytime, you may want to make sure that you have enough margins(funds) in your account at all times.
NBP for traders
NBP stands for Negative Balance Protection, and it is a protection set for all traders of XTrade.
Well it is the normal conditions for many brokers though, in case the account balance of your trading account goes below zero(negative), XTrade will cover the exceeded losses and fix the account balance to zero.
So you do not need to worry about losing funds and making debts by trading with XTrade.
With XTrade, profit can be leveraged to 400 times more and the losses can be limited to the deposited amount.