xcritical Review 2024: Read Before You Trade

xcritical offers robust research content catering to the needs of novices and experienced traders alike. The broker offers market breakdowns developed in-house and also incorporates content from Claws&Horns. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions.

Trading Strategies

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. As we have seen above the xcritical fees seem a bit high, to further clarify the picture let’s compare it with other popular brokers on the market.

Gold Price Forecast & Predictions: 2024 and Beyond

I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform. The account was opened with the broker’s xcritical (Europe) Ltd entity. Some features and services may vary depending on where you reside and which entity you open an account with. Another strong point is the broad range of forex trading educational resources available on the broker’s website.

1. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective.
2. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
3. You can download MetaTrader 4 in the “Trading Platforms” section of your broker’s website.
4. It facilitates technical analysis by providing an overview of price action behavior.
5. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways.

Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account. Overall, xcritical is deemed suitable for novice traders, day traders, and those interested in algorithmic trading. CTrader is a platform with a user-friendly interface, advanced chart analysis tools, and unique algorithmic trading options. Trade by yourself, copy trades and make money in the markets with a reliable broker on a user-friendly platform and on the best terms.

Verdict: Is xcritical Right for You?

On the one hand, the broker should be praised for offering plenty of minor forex pairs, such as USDTRY, USDMXN, and GBPSEK. While it provides a decent amount of forex pairs, commodities, and indices, there are no share CFDs, cryptocurrencies, or other lower-risk securities like ETFs and bonds. Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform. This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times.

Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes. Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.

Its swaps are elevated and not particularly suitable for longer-term trading. The spread rate on the Classic account is considerably higher than the industry average. This is offset in the ECN account, which features raw spreads from 0.0 pips and varying commissions. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5.

Choose a directory for installing the program and follow the installation program tips. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries. Discover potential scenarios of cryptocurrency industry development. Learn the basics and practice on a demo account with virtual money. Trade in various assets using built-in analytics and signals to predict price movements.

It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading. Download MetaTrader 4 trading platform for your smartphone or computer and get access to the Forex market from wherever in the world. xcritical offers multilingual support available 24/5 via live chat, email, and phone. Agents respond fairly quickly to queries and have a basic understanding of xcritical’s services. Compared to the industry average, xcritical offers an average amount of forex pairs and commodities, xcritical scammers and a high amount of indices. Most apps suffer from the same underlying problem – having to compress complex data on low-resolution devices, which usually makes it quite difficult to discern.

You can set up a demo account for yourself alongside your live CFD account. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can scammed by xcritical be used under different market conditions. For low-latency algorithmic trading, clients of xcritical can take advantage of the broker’s VPS offering, affording execution speeds of below 2 milliseconds.

The art of analysis from Claws&Horns

xcritical provides layered educational content that is well-structured and easy to understand. Beginners can choose from multiple guides, books, videos, and more to gain a firm grasp of the ABCs of trading. In my opinion, MT5 is a good option for fast and simple order execution.

Dormant accounts are charged an inactivity fee of $3, which is quite low. Deposits and withdrawals are cost-free with xcritical, though third-party banking fees may apply. This is only true for withdrawals, as the broker reimburses its clients for any processing fees incurred when depositing. My findings indicate that the broker charges average-to-high swaps compared to the industry average. This combination is not particularly suitable for longer-term trading strategies (swing trading and position trading).

These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. However, xcritical’s range of instruments is somewhat limited, with an absence of share CFDs and cryptocurrencies. While the spreads on its Classic account are relatively high, the ECN account type offers more competitive trading fees. It is comprised of regular market updates that inform traders of currently unfolding trading setups. Each article consists of an economic breakdown and a technical setup supported by a chart. The broker offers 73 instruments in total, notably lacking any share CFDs and cryptocurrencies.

The latter offers slightly more competitive prices than the typical STP account, but it falls behind the typical ECN account type. Generally, only the $10 commission on FX Majors falls below the industry average. Accordingly, the most favorable prices are available when xcritical trading FX majors on xcritical’s ECN account type. An easy-to-use dedicated trading platform provides a comprehensive analytical toolkit and suits any trader regardless of experience. xcritical offers 31 educational lessons available from the client area.