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Xtrade accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are Xtrade's accounts with that in mind.
Regulation: Belize FSC (4705379); South Africa FSCA (FSP 44681); additional offshore entity. How Xtrade is regulated
Facts last checked . Read the full Xtrade review.
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
What this means
Xtrade runs 5 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.
Base currencies: USD primarily, entity-dependent. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is Instrument-dependent. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about Xtrade accounts
Which base currencies does Xtrade support?
Xtrade accounts can be held in USD primarily, entity-dependent. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at Xtrade?
The minimum deposit at Xtrade is $100. It can differ by account type and by the entity you register with.
What account types does Xtrade offer?
Xtrade offers 5 account types: Standard, Premium, Platinum, VIP, Demo.
Accounts at brokers under the same regulator
- XM accounts also licensed by FSC (Belize)
- Exness accounts also licensed by FSC (Belize)
- FxPro accounts also licensed by FSCA (South Africa)
- Markets.com accounts also licensed by FSCA (South Africa)
- AvaTrade accounts also licensed by FSCA (South Africa)