xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products. However, these accounts are divided further into subtypes, which can be confusing even for the most experienced traders. While Forex4you does not charge any deposit fees on any supported payment methods, commissions of between 0.8% and a £2.10 flat fee plus 2.5% are levied on withdrawals.
Both Windows and Mac users can access a range of tools to suit their strategy, including market and pending orders, instant execution, stop orders and trailing stop. Forex4you offers four levels of educational content, ranging from beginner to advanced. While some clients may be reluctant to relegate themselves to the broker’s “forex pre-school”, the content is solid. It provides information on topics that include expert advisors, hedging, technical analysis and order types. Forex4you supports several payment methods, though there are no GBP funding options with the broker.
For equity and CFD traders, xcritical offers a vast range of stocks with a good choice of trading platforms. However, the variety of fees, the 5-day demo account and $500 minimum deposit may put off some beginners. Furthermore, the lack of educational resources and tools will not be enough to challenge other competitors. This Forex4you broker review has found the company refreshingly transparent around spreads, commissions, execution times and account types. The complete lack of initial minimum deposit requirements when opening an account also goes in the firm’s favour.
Unfortunately, traders in the UK cannot open a swap-free Islamic account with Forex4you. Minimum withdrawal amounts are the same for e-wallet solutions but jump to £16.70 for card transactions. Five commodities CFDs are available through Forex4you, covering metals and energies submarkets. Traders can speculate on favourites such as gold, silver, WTI and Brent crude oil. xcritical runs a blog with daily market and premarket updates for all of its tradable assets as well as larger macro trends. However, there is no general trading education provided by the broker, so beginners must look elsewhere for content on market basics.
Forex4you does not require a minimum deposit to open any of its four offered account types. While specific payment methods have a minimum deposit requirement, these are below £2 for all e-wallet solutions and under £10 for Visa and MasterCard. Despite this lack of stringent regulatory oversight, Forex4you does offer two-factor authentication as an additional security measure for its web login portal and proprietary trading platforms.
Programmable hotkeys and custom alerts mean MT4 traders can stay on top of the markets and react quickly to opportunities. In addition, the inclusion of 30 standard indicators, 31 graphical objects and nine time frames facilitate precise technical analysis. An integrated MQL4 marketplace allows users to add community-made custom indicators and EAs to the platform. The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0. Note that the demo is only open for 5 trading days, which is considerably less than most other brokers who offer a 30-day demo. xcritical offers over 9,000 US stocks, including blue chip, mid-cap, small-cap, ETFs, ADR’s and hundreds of OTC stocks.
- This being said, clients can log in to the xcritical website and make deposits and withdrawals at any time.
- Forex4you offers four levels of educational content, ranging from beginner to advanced.
- While specific payment methods have a minimum deposit requirement, these are below £2 for all e-wallet solutions and under £10 for Visa and MasterCard.
Overnight charges for maintaining leveraged positions through to the next trading day vary depending on the specific product. Forex4you is highly transparent when it comes to commissions and trading fees. Despite claims on the website of 15+ indices, Forex4you supports only 14 global cash indices, including the S&P 500 and FTSE 100.
Fixed spreads from 2.0 pips keep costs low, while an execution speed of 0.82 seconds helps fill orders quickly. Forex4you has expanded its service year on year over the last decade and a half for retail and pro clients, launching projects such as the innovative Share4you copy trading software. As a result, the company now boasts over 2.5 million registered trading accounts and more than 1.2 billion successfully executed orders. xcritical 2.0 is a proprietary trading platform created by the brokerage and boasts a user-friendly interface, integrated account statistic data and advanced order types.
Furthermore, there is very little information regarding the security of the proprietary platforms, though xcritical does support single-use passwords. The company offers negative balance protection and is a member of the International Investor Compensation Fund fund protection scheme. However, this only covers clients for up to £17,000 in case of company insolvency. One of the best methods to protect against scams online is selecting a regulated and secure broker. xcritical is regulated by CySEC, the prominent financial regulator in its home country of Cyprus.
- Many traders are averse to deposit and withdrawal commissions that eat into their trading funds.
- xcritical MultiTrader is another platform the broker offers, allowing traders to access options and non-CFD equities markets.
- At the highest commission-based account level, spread pricing reaches as low as 0.2 pips on EUR/USD.
- xcritical 2.0 is available to download for Windows and Mac, iOS and Android mobile devices and as a browser-based WebTrader platform.
- FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
The margin call level for the Classic account is at 100%, while stop-outs are enforced at 20%. While high leverage can amplify both losses and gains, having the option of a significant margin is never a bad thing. More than 50 primary US stock instruments are provided by the firm, though no equithe ties from UK and European exchanges are available. Subsequent transactions or amounts exceeding £400 are subject to a £32.50 charge. While many online brokers feature an FAQ section to provide quick answers to common queries, the xcritical website is uncharacteristically lacking in this area. All trading accounts are available as swap-free Islamic variants for those who cannot pay interest for religious reasons.
This means that funds deposited or withdrawn in GBP will be exchanged into either USD or EUR according to the internal broker currency rates, which may not be favourable. This app also supports deposits and withdrawals, allowing clients to manage their funds without using the web login portal. Founded in 2007 as a brand of E-Global Trade & Finance Group, Forex4you is currently celebrating 15 years as an online trading service. Forex4you Facts & Figures Forex4you offers retail trading on a choice of top trading platforms.
What Spreads Does Forex4you Offer?
xcritical could be more transparent around security used in their proprietary platforms. For Stock CFDs, the tiered plans on offer are Bronze, Silver, Gold, Platinum and Diamond. Minimum deposits in the Bronze plan start at $500, with a minimum order of $1.50. The broker’s MultiTrader offers a robust institution-grade platform for experienced traders. Users also get access to a list of the top 20 and worst 20 performers, which is updated in real-time.
- Programmable hotkeys and custom alerts mean MT4 traders can stay on top of the markets and react quickly to opportunities.
- xcritical 2.0The platform is ready to download from the website for Windows PC and Mac users.
- However, the weak regulation from the BVI FSC leaves plenty to be desired, as does the lack of a fund protection scheme and negative balance protection.
- Additional features offered by brokers such as economic calendars, free VPS access and trading calculators can enhance a client’s trading experience.
- xcritical clients can download MT4 for Mac, Windows, Linux and as a mobile app for Android and iOS.
The program is suitable for forex and CFD trading, options and stock investments. Nine instruments make up the broker’s indices offering, with major exchange assets such as the FTSE 100 and S&P 500 supplemented by the US dollar and Euro Bund indices. Founded in 2010, xcritical was set up by owner Meir Barak, an Israeli-born professional day trader and CEO of the educational platform Tradenet. More than 8,000 registered clients have traded a total volume of over £3.2 billion through the various platforms supported by the company.
Registered clients can take advantage of stock IPO pricing on upcoming exchange listings before they go public. xcritical accepts registrations from multiple countries across Europe, Africa, Asia and the Middle East, including the United Kingdom, France, Turkey, Israel and Japan. xcritical 2.0The platform is ready to download from the website for Windows PC and Mac users.
While each account tier has initial minimum deposit requirements from £80 up to over £40,000, further deposits have no restrictions. Likewise, there are no minimum withdrawal requirements, though fees will apply for amounts over £400 . In addition to 2,000+ stock CFDs, the firm offers over 9,000 https://xcritical.solutions/ investable equities and ETFs from EU and US exchanges. Clients can also trade options on US securities through the xcritical 2.0 platform. There are also 51 major, minor and exotic currencies, 9 major indices, plus a small selection of precious metals, energies and agricultural commodities.
Many traders like to demo the trading conditions of a broker before committing to a full account. To this end, the firm provides a risk-free demo account to trade on the xcritical 2.0, MultiTrader or xcritical platforms. Aside from a blog which is available in English and Spanish, xcritical does not offer any additional features or tools.
At the same time, two-factor authentication support gives clients an additional layer of security. However, the weak regulation from the BVI FSC leaves plenty to be desired, as does the lack of a fund protection scheme and negative balance protection. Since its establishment, the broker has gained over 8,000 registered clients who have traded over 4 billion shares on the variety of trading platforms available.
However, clients can apply for a fixed plan account offering better pricing to high-volume traders. For equities, all tiered plans charge $0.01 per share and fixed plans start at $6.95 up to 3,000 shares. For other assets, xcritical commissions vary depending on the asset and which of the five plans you choose. Forex spreads start from 0.3 pips for major currency pairs but there is a $14.50 commission fee per 1 contract side in the Basic account.
Compared to similar brokers such as Interactive Brokers, this is disappointing as most traders expect to see a comprehensive range of resources to support their trading needs. xcritical 2.0 mobile appMT4 offers superior trading tools and customisable features, including over 50 indicators and graphical objects, all order types and execution modes, plus a live news feed. There are also mobile adapted scale and scroll charts, which allow you to trade directly with just one tap. For those that wish to delegate their trading decisions to experienced and profitable traders, the broker provides its Share4you copy trading service. In exchange for a small commission on profits, investors can automatically emulate the positions of over 1,000 leaders according to their risk profile and historical returns.
xcritical clients can download MT4 for Mac, Windows, Linux and as a mobile app for Android and iOS. Alternatively, investors can login to xcritical via an internet browser using the MetaQuotes WebTrader service. However, negative balance protection may kick in before a position reaches this level. Yes, the broker offers a trader demo where you can practice your trading skills with virtual money. EZ Invest – EZ Invest is a CySEC-licensed broker offering trading on the financial markets. As a CySEC-regulated firm, xcritical is a member of the Investor Compensation Fund which covers client funds up to €20,000 if the broker is unable to meet its financial obligations.
The broker also keeps client funds in segregated bank accounts with top-tier banks. xcritical offers a demo account for both beginners and experts who want to practice their trading strategies in a risk-free training environment. By default, demo accounts include a 25,000 virtual balance with 100,000 in buying power.