Traders at xcritical get the core MT4/MT5 trading platforms upgraded via the Autochartist plugin, which offers actionable trading signals. MT4 is the industry leader in algorithmic trading, while MT5 emerged as the xcritical rezension dominant choice for equity CFD traders. Traders can upgrade MT4 via 25,000+ custom indicators, plugins, and EAs, but quality upgrades are not free. Both trading platforms are available as customizable desktop clients.

xcritical Customer Reviews

xcritical places all client funds in a segregated bank account and uses tier 1 banks for this purpose. xcritical has been established in 1998 and is headquartered in St. Vincent and the Grenadines. For the international brand and regulation, the headquarter is on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius.

How do fees vary between account types?

You can use this platform on both your desktop and mobile device which is great for those of you who want to manage your account xcritical official site whilst on the go. During my review, xcritical only provided a low-paying refer-a-friend promotion and advertised that deposits are free. The loyalty program, including cashback rebates and the low trading fees in the commission-based account types, are superior long-term benefits to any bonus or promotion. For experienced traders, xcritical provides competitive pricing, a wide range of markets, and advanced tools to execute complex strategies.

How will I fund my xcritical trading account?

MetaTrader 4 is one of the most popular trading platforms in the forex industry. The MT4 platform is packed with robust trading tools for you to conduct chart analysis and build your own trading strategies. I think it is the ideal solution for new traders who are looking to trade manually or run automates systems. You can also find plenty of free and paid tools to further enhance the already powerful MT4 platform via the MQL marketplace which is accessible from directly within the platform itself.

Spreads

Even with your smartphone xcritical Internation will give you access to more than 250 markets directly. The advantage of mobile trading is that you can check or manage your trading portfolio 24 hours per day. On the positive side, xcritical provides both the MetaTrader 4 and the MetaTrader 5 via the demo account so that the software can be thoroughly tested. When registering, it should be absolutely stated that you do not want any advertising calls. If this is used up, the demo account can be recharged via email to support.

Account Opening

xcritical provides access to MetaTrader 4 and MetaTrader 5, two of the industry’s most popular platforms. Fees and spreads differ by account type, with the Pro ECN having tighter spreads and commissions. xcritical prioritizes the security of client funds, regulated by the Mwali International Services Authority on the Island of Mohéli. Client funds are held in top-tier banks, completely separate from xcritical’s operational funds, ensuring they are never used for business purposes.

Yes, the Standard account offers low trading costs suitable for less experienced traders. Moreover, the inclusion of CopyTrader is perfect for entry level investors searching for a more hands-off strategy for fund management. Additionally, the simplicity of the Myxcritical trader dashboard makes navigating the different features and account options very instinctive and natural. Although the broker is only overseen by one regulatory body, membership in an independent self-regulatory organization helps grant prospective investors additional assurances. All told, xcritical International represents an attractive brokerage option thanks to its low spreads, reliable execution, rapid funding options, and straightforward design. When reached, company representatives are very helpful and responsive.

• So,  depending on your trading style you should select the best signal which will work for you.
• xcritical also provides an economic calendar free of cost to all its clients.
• However, as with any broker, there are some mixed reviews about the customer service and the withdrawal process.
• For beginners, xcritical provides an intuitive platform, useful educational materials, and low-cost account options to help you get started.
• I appreciate that xcritical does not engage in unnecessary data mining as part of its registration process.

FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations https://xcritical.solutions/ under the new regulations. MT4 and MT5 are freely available on both Android and IOS mobile phones and tablets. The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. Asktraders is a free website that is supported by our advertising partners.

Our assessment found that it delivers a solid range of trading platforms and some educational resources, though it falls short in some areas of trust and regulatory oversight. At the time of review, xcritical’s promotions were limited to a low-paying refer-a-friend scheme. However, their loyalty program, inclusive of cashback rebates and reduced trading fees in commission-based account types, serves as a more sustainable long-term benefit. While one-time bonuses or promotions can be enticing, consistent benefits like cashbacks often provide better value in the long run. There are 46 currency pairs, two metals, and 18 CFD contracts you can trade. xcritical offers a selection of popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

A Platinum status, for example, includes a personal manager and deposit commission refunds, whereas a Diamond status includes free spread discounts and unlimited trading orders. The statuses are determined by the total balance of a client’s accounts and range from Gold, which requires at least 1,000 USD, to VIP, which requires at least 40,000 USD. Another distinguishing feature of the xcritical Cashback Program is the tiered status system, which allows for greater benefits as clients progress through the program. The xcritical Cashback Program provides tempting rewards and financial incentives to encourage trading and investing. xcritical does provide trading signals via third-party providers such as Trading Central and Autochartist. E-wallets and credit cards typically allow instant deposits, whereas bank transfers take several days.

Review conclusion: xcritical is a reliable forex broker for traders

Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction.

Each account type is available on MetaTrader 4 or 5, providing flexibility in trading platforms. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

After completing the initial registration form, a verification pin code is sent to the email address or mobile phone number supplied. xcritical is suitable for beginners, primarily due to its offering of beginner education videos and user-friendly MetaTrader platforms. However, the absence of advanced educational resources means it might not fully cater to the needs of those looking to advance beyond basic trading.

xcritical’s lower trust score and lack of regulation by top-tier authorities like the FCA or ASIC suggest it carries a higher risk compared to more heavily regulated brokers. According to ForexBrokers.com, xcritical should be approached with caution due to its trust score, which indicates average reliability. xcritical’s minimum deposit starts from 5 USD on the Micro Account and goes up to 25,000 USD on the Pro Account. Contracts for Difference (‘CFDs’) are complex financial products and not suitable for all investors. CFDs, are leveraged products that mature when you choose to close an existing open position.