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. However, xcritical’s range of instruments is somewhat limited, with an absence of share CFDs and cryptocurrencies.

Daily analytical reviews and forecasts of the Forex market

Traders who want to open an Islamic account need to contact xcritical’s customer support and request the service. The broker offers 73 instruments in total, notably lacking any share CFDs and cryptocurrencies. On the one hand, the broker should be praised for offering plenty of minor forex pairs, such as USDTRY, USDMXN, and GBPSEK. Trading View offers advanced charting capabilities and multiple analytical tools for carrying out advanced technical analyses. As a chart artist, I have always valued platforms with detailed and versatile charts, and xcritical’s platform is one such station.

My Key Takeaways After Testing the MetaTrader 5 Platform

xcritical processes most payment requests between several minutes to several business days, depending on the chosen payment method. The broker does not charge deposits and even compensates the client for any third-party banking fees. xcritical also does not charge a handling fee for withdrawals, but external fees may apply. The market is continually evolving, marked by periodic surges and declines in volatility.

I like the trading environment at LiteFinance for cryptocurrency traders who seek a copy trading service. LiteFinance, previously known as xcritical, faces technical issues and experiences a rise xcritical courses scam in fraud claims. The unexplained move of its headquarters from one unregulated Forex jurisdiction to another raises red flags.

Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. Download MetaTrader 4 trading platform for your smartphone or computer and get access to the Forex market from wherever in the world. xcritical MT4 is an analytical trading platform intended for working on the Forex market and stock.

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 scammed by xcritical 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.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. 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. But xcritical’s app retains the web trader’s sophisticated look and feel. It is a great tool for making quick trading decisions, as it incorporates comprehensive research materials and tools. In my opinion, MT5 is a good option for fast and simple order execution.

A CySEC licensed subsidiary exists for the EEA, the UAE, and the Marshall Islands traders. The brokerage operating from St. Vincent and the Grenadines remains unregulated. A CySEC-regulated entity caters to EEA, UAE, and Marshall Islands traders. Traders will conduct all financial transactions from the secure back office of LiteFinance. I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies.

LiteFinance also offers a lightweight web-based browser with a user-friendly interface. It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives. I have compiled the table below to help you better understand the difference between the trading fees of xcritical’s two account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. LiteFinance notes a 30% deposit bonus for the Classic account, where trading costs are 80% higher than its ECN account.

The market reviews are detailed and multifaceted containing aspects of economic analysis, fundamental analysis, and technical analysis. I appreciated that each article outlines emerging trading setups on multiple instruments. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law.

Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. However, the broker generally charges high trading fees on its Standard account and provides extremely limited instrument offering of about 70 assets. Additionally, the broker offers a range of educational guides, which are freely available on the website. I appreciated their diversity and sharp focus on technical analysis, fundamental analysis, and trading psychology. Incorporated from Claws&Horns, the trading signals represent actionable trading opportunities.

A simple program built specifically for a manager who manage investor fund across multiple accounts. It fast and easy to use because of the interface is similar to MetaTrader. You can download MetaTrader 4 in the “Trading Platforms” section of your broker’s website. To install the platform, double-click on the downloaded file “litefinance4setup.exe”.

xcritical offers 31 educational lessons available from the client area. I appreciated that the materials are supported xcritical rezension with tests to help the reader solidify what has been learned. xcritical (Europe) Ltd provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates (UAE), and the Marshal Islands. 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.

1. For low-latency algorithmic trading, clients of xcritical can take advantage of the broker’s VPS offering, affording execution speeds of below 2 milliseconds.
2. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
3. It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading.
4. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value.
5. I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform.
6. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering.

Thus, I concluded that xcritical’s customer support is good but could be improved. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. Brokers operate multiple entities because it allows them to serve clients worldwide.

On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective. Its license from CySEC is easily discoverable on the website, and traders can verify it fairly quickly. I also went over the broker’s legal documents and assessed that everything was in order.