The Forex market investigation goes on for you, because we are ready with our next detailed, brief, but helpful review for you. Today, we focus our attention on the xCFD Forex platform, which is definetly a broker you should take under consideration. Read our xCFD review and makeup your mind whether this is really the best website for Forex trading for you! So, let`s begin!
xCFD Overview and Specifications to Consider
xCFD broker is a comparatively newly established platform for foreign currency exchange trading. However, do not underestimate this website for anything in life, because despite its not that rich experience, it has a lot to show to its audience – both to beginners and high punters in the field. xCFD broker begins its practice in August 2013 year. The platform and its company – as well as part of the main offices in charge for the customer support services – are based in New Zealand, which as a matter of fact is a region that has been progressing in the Forex sphere quite successfully and fast. Moreover – xCFD website is officially authorised, licenses and regulated by the main national regulation body of the financial services and the financial industry in general – the Financial Services Complaints or in short, the FSC. The FSC secures the safety of the financial transactions, personal data of customers, as well as the proper work of xCFD broker. And since we have mentioned the customer support services, it is important for you to know that this website can really take care of your needs once you become its official customer. xCFD customer support representatives respond to your questions, requirements and demands 24/7 – beyond reproach. You can choose from two main communication methods – phone call or email. The website is entirely regulated in several main multiple languages – English, Arabic, German, Chinese, Spanish and Russian. xCFD is a common ECN broker, which, as you probably already know is a kind of an opposite of the Market Makers.
You are allowed to open an account in 3 main currencies – GBP, USD and EUR – while the minimum deposit for your first investment is 100 $. The maximum leverage on xCFD platform is comparatively ok – 200:1 and the minimum trade size is 1. Hedging is not allowed due to the national restrictions of New Zealand regulation body, but you can take the benefits of the scalping option. xCFD does not extra charge you with any hidden or obvious fees or commissions. Once click trading is also available and possible on this Forex platform. Last, but not least, note that xCFD has one of the lowest spreads in New Zealand – a trader pays only 0.1 pips on the major currency pairs.
xCFD Bonus System and Types
Just like most of the popular and reputable Forex brokers these days, xCFD attracts thousands of new customers per every single day with an attractive and interesting bonus system. Find out the type of bonuses that xCFD website offers to you and do not forget to apply for them once you decide to join the website for some trading!
- 1. No deposit bonus – The most favourite Forex broker bonus for all the traders in the world – the no deposit bonus – is available on xCFD platform, as well. We remind you that you need to be a newcomer in order to have it and not to make any first initial deposits in order to get money for free and for trading without risking your own. The no deposit bonus on xCFD is $30 .
- 2. Welcome bonus
Newly registered clients on xCFD website can receive one more additional bonus, too – the welcome bonus on the firstly made deposit on the platform. It is $50 and the base for it is your primary deposit. The more you invest, the bigger your bonus becomes.
- 3. Referral program
The program, known as refer a friend – is also available on xCFD platform. You can win up to $600 as a bonus in case you invite other Forex trading lovers on xCFD website.
- 4. Demo account as a bonus
We usually insert the demo account in the bonus system a Forex broker provides. Here, on xCFD the demo account allows you to test and check out the system and consider whether it suits your needs by making a registration and applying for demo account in order to receive $20 000 for free and for free testing! Trade as much as you want with this money, if you are not sure whether to begin the real trading on xCFD website.
xCFD Forex Software Information
One of the reasons why we believe that a broker is reliable is hidden in its software. You can be sure, then, that xCFD broker is quite trustworthy, because it has a good and reputable platform. xCFD is powered by its own software – with the same xCFD name – and it is very intuitive, easy to be learnt and quite interesting with its additional extras and options – superb speed, nice portfolio for beginners and etc.
Why Choosing xCFD Forex Broker?
Check out the main benefits that xCFD Forex broker has and see if it is really fine and proper for your needs:
- Lots of options for trading – including binary options
- Low minimum deposit amount
- Extra low spreads
- Amazing customer support services
So what it`s going to be – yes or no to xCFD broker?