The safety dossier

Safety first

Xtrade review

Who regulates Xtrade, under which licence, and what that means for your money.

Last checked

If Xtrade failed, we cannot tell you what would happen to your money, and that is the finding. There is no compensation scheme behind an account here and limited obligation on the firm to keep your funds apart from its own. Regulated by Belize FSC (4705379); South Africa FSCA (FSP 44681); additional offshore entity, offering Xtrade WebTrader, Xtrade Mobile.

Our rating

★★★½

One rating, identical across our sites - only the way it is shown changes. It averages six assessments: regulation, trading costs, platforms, markets, support and education.

Regulation and safety

Regulated by
Belize FSC (4705379); South Africa FSCA (FSP 44681); additional offshore entity
Regulator tier
Tier 2
Register entry
Belize FSC register
Client money segregated
Yes
Held at
Regulated financial institutions; specific bank not prominently disclosed
Negative balance protection
Yes
Compensation scheme
No statutory investor compensation scheme for international clients
Audited by
Independent external auditors
Not available to
United States, Canada, EU residents on the global entity, and other jurisdictions where services are prohibited

The licence is what decides where your money sits and who is obliged to do something about it.

Xtrade's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Check the licence yourself: the FSCA list of regulated entities.

The company behind the brand

Legal entity
Xtrade International Ltd
Company number
Belize-registered company
Headquarters
Belize City, Belize
Founded
2003
Publicly listed
No
Parent company
Independent
Employees
Approx. 100-500
Also trades as
Xtrade; XTrade

What it costs to trade

Spread from
1.0 pip
EUR/USD spread
Approx. 2-5 pips depending on account/status
GBP/USD spread
Approx. 3-6 pips depending on account/status
Commission
$0
All-in cost, EUR/USD
Spread only
Spread type
Variable
Overnight swap
Overnight funding premium charged/credited depending on instrument and direction
Inactivity fee
Up to $50/month after prolonged inactivity
Withdrawal fee
Account/payment-method dependent
Currency conversion
Conversion spread/rate may apply

Cost is the last thing to weigh here, and never the thing that should decide it.

Spreads from 1.0 pip suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Xtrade lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Platforms and tools

Platforms
Xtrade WebTrader, Xtrade Mobile
Own platform
Yes
Mobile app
Proprietary
Browser trading
Yes
Automated trading
No
Copy trading
No
Indicators
Integrated technical indicators and charting
Third-party tools
Trading signals and analytical tools
API access
No standard retail API

Xtrade offers Xtrade WebTrader, Xtrade Mobile. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Markets and execution

Markets
Forex, Shares, Indices, Commodities, ETFs, Bonds, Cryptocurrencies
Currency pairs
50+
Total instruments
Hundreds
Crypto CFDs
Yes
Maximum leverage
1:400
Execution model
Market maker / principal
Execution speed
Not publicly disclosed
Order types
Market, limit, stop-loss, take-profit and platform-specific orders
Servers
Global trading infrastructure

Leverage up to 1:400 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Xtrade covers forex, shares, indices, commodities, etfs, bonds, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, visa electron, maestro, american express, discover, diners, bank transfer, cryptocurrency transfer. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Accounts

Minimum deposit
$100
Account types
Standard, Premium, Platinum, VIP, Demo
Account currencies
USD primarily, entity-dependent
Islamic account
Yes
Demo account
Yes
Professional account
Entity-dependent
Minimum trade size
Instrument-dependent
Time to open
Typically a few minutes, subject to verification

Deposits and withdrawals

Deposit methods
Visa, Mastercard, Visa Electron, Maestro, American Express, Discover, Diners, bank transfer, cryptocurrency transfer
Withdrawal methods
Original funding method, including cards, bank transfer and supported crypto methods
Deposit time
Cards/electronic methods generally fast; bank transfer several business days
Withdrawal time
Method-dependent
Local payment methods
Region-dependent

Support and education

Support hours
Trading-week support
Contact channels
Live chat, email, phone, Help Centre
Languages
Multilingual
Telephone
N/A
Email
N/A
Live chat response
Instant live chat advertised
Education
Extensive: video courses, ebooks, trading education, glossary and market basics
Research
Financial news, trading signals, market analysis and educational market content

Information is regularly updated. Last compiled from Xtrade's own website on 26 August 2026.

Questions people ask about Xtrade

What happens to my money if Xtrade goes bust?

Xtrade sits behind No statutory investor compensation scheme for international clients. A scheme covers eligible clients of the entity that holds the licence, so the entity you were onboarded to decides whether it covers you.

Which bank actually holds client money at Xtrade?

Xtrade holds client money with Regulated financial institutions; specific bank not prominently disclosed, in accounts kept separate from the firm's own. Almost no comparison site publishes this, and it is the thing that decides how quickly you would see your money again if the broker failed.

Can I lose more than I deposit with Xtrade?

Xtrade provides negative balance protection, so a gap through your stop should not leave you owing money. It is usually a rule of the regulator rather than a favour from the broker, which means it can differ between the entities one brand operates.