- Leverage: 1:30 | 1:300
- Regulation: CySEC, FSCA
- Min. Deposit: $50
- HQ: Cyprus, South Africa
- Platforms: XTrend PC and Mobile Trading Apps
- Found in: 2018
XTrend Licenses:
- Rynat Trading Ltd – authorized by CySEC (Cyprus) license no 303/16
- Rynat Capital (Pty) Ltd – authorized by FSCA (South Africa) FSP no 23497
- As of my last knowledge update in January 2022, I don’t have specific information about “XTrend,” and I couldn’t find any widely recognized or authoritative sources referencing this broker. It’s important to note that the financial industry can change, and new brokers may emerge.
- When considering a Forex and CFD trading company, it’s crucial to prioritize safety and regulation. Here are some general steps to research and evaluate a trading platform:
- Regulation and License:
- Ensure the broker is regulated by a reputable financial authority.
- Check for licensing information from regulatory bodies such as CySEC, FCA, ASIC, or others.
- Company Background:
- Look for information about the company’s history, reputation, and transparency.
- Verify the physical address and contact details.
- Trading Instruments:
- Confirm that the broker offers the specific trading instruments (Forex, CFDs, commodities, etc.) you are interested in.
- Trading Platforms:
- Assess the quality and user-friendliness of the trading platform they provide.
- Fees and Costs:
- Understand the fee structure, including spreads, commissions, and overnight fees.
- Be cautious of platforms with unclear fee policies.
- Customer Support:
- Check the availability and responsiveness of customer support.
- Ensure they provide support in your preferred language.
- Educational Resources:
- Evaluate the availability of educational materials and resources for traders.
- User Reviews:
- Look for reviews and feedback from other traders.
- Consider both positive and negative reviews to get a balanced view.
- Demo Account:
- Use a demo account to test the platform’s features and your trading strategies.
- Security Measures:
- Verify the security measures implemented by the broker to protect your personal and financial information.
- Withdrawal Process:
- Understand the withdrawal process and any associated fees.
- Always be cautious and conduct thorough research before opening an account with any trading platform. Additionally, regulatory information and the broker’s status may change, so it’s advisable to check the latest information from official regulatory sources.
