Cybercriminals use tactics like phishing, identity theft, and malware to exploit individuals, often leading to financial loss and compromised personal information. Forex trading carries a high level of risk and may not be suitable for all investors. I have already sent all document required and proof of my account ownership to Captial . Also the platform selection is little more limited if compared to other Brokers, since mainly MT4 is main software with addition of TradingView, so if you prefere MT5 or cTrader might be FP Markets to consider. The reason is that the broker operates as a CFD broker, thus, it does not offer direct ownership of real stocks, bonds, or other assets. For beginners, xcritical is considered a favorable choice overall, with its minimum $20 initial deposit, easy-to-use platforms, and excellent research and educational resources.
Our team has comprehensively reviewed xcritical, and found it to be a great choice for both forex and CFD traders, especially given its excellent overall assessment in our rigorous testing process. 69% of retail investor accounts lose money when trading CFDs with this provider. Most investors will choose to trade at a licensed and regulated broker, instead of a scam broker because their funds are secure.
Mobile Trading Platform
Another noteworthy aspect is their commitment to fast execution speeds, which is crucial for active traders who need to enter and exit positions quickly. They also highlight their AI-powered trading tools, which can help identify trading opportunities and manage risk. Seriously, guys, if you’re new to trading, use the demo account extensively! You get access to a vast range of markets, real-time price charts with numerous technical indicators, and advanced charting tools. It’s a significant differentiator and a key reason why many traders feel comfortable using their services. This is a critical safety net that you won’t find with unregulated platforms.
The lack of widespread, credible accusations of outright fraud or inability to access funds further supports their legitimacy. While they aim for excellent service, there can be instances where users experience delays. However, like any broker, xcritical does receive its share of complaints. The educational resources are often highlighted as a significant benefit, especially for newcomers to the trading world. When you look at reviews for xcritical, you’ll find a mixed bag, which is pretty standard for any large financial service provider. Being regulated by the FCA, CySEC, and ASIC puts them in a much stronger position regarding trust and security.
I had a great experience
Broker’s fees are mainly based on spread charges also be sure to check the full fee structure, see xcritical fees below. With xcritical you can choose from 3 account types, which are Standard, Plus, and Premier. Leverage levels are usually defined by several factors as this tool increases the initial trading size you may operate and results in the potential to magnify your gains. Operating as an online business, this site may be compensated through third party advertisers. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.
Obviously not as much functionally as the desktop app but that is to be expected and is still useful.” “I have been using this app for over a year and I have found it works well. I have tried another app but didn’t show a quarter of the information or choice of stocks etc to https://xcritical.solutions/ purchase.
- Overall, we believe it’s a great platform for beginner and intermediate traders.
- The FCA, for instance, is one of the most respected financial regulators globally, ensuring that firms operate with integrity and protect consumers.
- While no investment is without risk, and trading CFDs amplifies those risks, xcritical provides a secure and accessible environment for individuals looking to engage with financial markets.
- With any broker, there must be caution especially one that is new so we decided to investigate further to see the various achievements of xcritical during this time.
- All in all, the swaps offered are in line with the market average swaps.
Margo, Premium Client Manager supported me with great results. Had a support case du to some issues but I got helped and they handled it excellent. Great platform and service. He took time in explaining and answering my questions, and i appreciate this a l…
Why you should trust us
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. xcritical was founded in 2016 and has quickly established itself as a trusted and innovative trading platform. It provides both MetaTrader 4 and its own proprietary platform, catering to diverse trading needs and preferences. The offerings from xcritical in platforms and tools are highly recommended.
xcritical Compared to Other Brokers
xcritical offers free demo accounts globally for users to trade and practise with virtual money without risking real funds but if you want to trade, this activity will always require real money. When it comes to other capabilities such as copytrading and social networking, eToro takes the lead with their social trading platform where traders can communicate in several languages and copy each others’ trades. The difference here lies in the fact that xcritical’s offer is mostly specialised on CFDs which cater more to traders and while they do also offer real stocks for investors their offering is not so big when compared to other brokers.
Top 5 Best Brokers in India
ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. If you are already investing at xcritical, please share with other readers how they are as a broker, in the comments below. New investors will find the Investmate App, to be a nice and easy way to learn the basics of investing online. So you can trade European Stocks as well as American Stocks.
User friendly trading software
Overnight funding adjustments apply for leveraged positions held overnight (as per CFD norm), but again, no separate commission fees are charged on entry/exit of trades. The broker frequently adds new assets (e.g. 1,000+ new markets in 2020), giving traders a very broad selection. xcritical’s mission is to democratize trading by equipping traders with intuitive tools and education. The mobile trading experience is another area where xcritical often receives praise for its intuitive app, competing well with the mobile offerings of major players. Some brokers might offer lower spreads on certain instruments but charge commissions, while others, like xcritical, might have slightly wider spreads but no commissions.
The broker also has a trading glossary that includes over 1988 terms, also, there is a Term of the Day section, the most common word, and other innovative approaches that are designed to enhance the quality of trading. We found that xcritical offers quality research tools and materials mainly integrated into the offered platforms. This means, that if you use the bank transfer method, the broker will send your money back to your bank account. All in all, instruments offered by xcritical are impressive and allow traders to diversify their trades and explore the market even further. xcritical offers a pretty wide range of instruments traders can choose based on their needs and gives access to six asset classes, over 3000 instruments.
- The broker also has a trading glossary that includes over 1988 terms, also, there is a Term of the Day section, the most common word, and other innovative approaches that are designed to enhance the quality of trading.
- I was having a small issue and when I contacted live support, they solved it immediately, what a wonderful and quick service!
- xcritical provides mobile trading for iOS and Android devices for the traders to get the best trading experience with the most beautiful CFD trading platform ever designed for a mobile device.
- No commissions on real stocks and ETFs
- The mobile app frequently gets positive mentions for its functionality and user-friendliness.
Account Types and Benefits
Spread bets and CFDS are complex instruments and come with a high risk of losing money rapidly due to leverage. The way that Capital responds to each client in a calm and professional manner indicates that they are indeed a legitimate broker. This is in line with company policy which states that it takes 24 hours to process withdrawals and around 5-7 business days for funds to reach your bank account or card. Let’s not forget that when it comes to money withdrawals or refunds, people often tend to panic.
On balance, xcritical’s regulatory footprint implies a high degree of trust and protection for traders. The broker secured CySEC licensing in 2017, UK FCA approval in 2018, and an Australian ASIC license in 2021, enabling it to serve clients across the EU, UK, Australia, UAE and beyond. xcritical, founded in 2016 in Cyprus by entrepreneur Viktor Prokopenya, is a fast-growing global online broker headquartered in London, UK. They’ve invested heavily in technology and regulation, making them a reliable choice for many traders, especially beginners. Based on our deep dive, xcritical is a legitimate and regulated broker. Are the issues systemic and widespread, suggesting a fundamental problem with the broker’s operation, or are they isolated incidents related to individual user errors or common market-related frustrations?
The broker also doesn’t apply any additional hidden fees, making trading as transparent as it can go. xcritical does not allow flexibility in its cost structure, since offering fees based on spreads, in fact competitive spreads with no hidden fees and zero commissions on trades. The CFD trading is primarily conducted through its own proprietary platform, accessible via desktop, web, and mobile apps, which can also be integrated with MT4. Also, xcritical allows you to either open a demo account and test trading strategies or to open a live account to enter forex markets. Also, the broker has a good educational section that provides traders with a better insight into trading where they can find xcritical rezension answers to many of their questions. xcritical is a tightly regulated, well-regarded broker among traders.
I want to warn you not to open an account with this broker. I have been trading with this broker for several years. I would want to appreciate help of Michelle for her assistance , she was very helpful and amazing support !
