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XTrend Speed Review 2023
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XTrend Speed Review 2023
XTrend Speed is a classic broker providing CFD trading services for all major types of financial assets. The company works with traders from over 170 countries. The regulator of XTrend Speed is FSCA (South Africa), and CySEC is the regulator of Xtrend's subsidiary, which represents the mobile platform Micro Trading.To get more news about xtrend speed review, you can visit wikifx.com official website.
This is a good broker for active trading. It has everything from currency pairs to cryptocurrencies. The interesting mobile platform has a user-friendly interface and no overload of functions and buttons. It has high commissions, but it is not critical if you open long-term positions. My opinion of the application is positive.
The Xtrend mobile app is a good idea for those who see trading not as their main job, but as a pastime and for those who enjoy participating, but not for profit. I am often on business trips and can’t fully trade on my computer or laptop. I installed the Xtrend app and sometimes open and close Bitcoin trades. I don't need complex functional trading platforms and don't want to understand it all in-depth. I installed Xtrend on my smartphone and opened trades with a couple of clicks. I don't have a goal to earn 100% a month, I don't do technical analysis. When I hear the news and see a growing trend, I open a small position. I don’t feel sorry for my money in case I make a loss. I like the process, the trading excitement, and the understanding that I am part of the financial markets.
I read the FAQs section of the Xtrend mobile platform and have many questions. First, what does "minimum lot size 100" mean? What asset is it for? If there are only a few currency pairs, what do they mean by 100? Second, why does it say sometimes that the deposit amounts to $50 and sometimes it is $5? Third, the FAQs indicated the currency of the deposit is USD, while the withdrawal section also indicated EUR and GBP? And these are just questions about the mobile app itself! I couldn't find any info about deposit/withdrawal on XTrend Speed's main website, and no information about trading terms. If I have to ask for support, is it worth my time? There are more questions than answers.
We need to be clear about the brands. There are two companies: Rynat Capital and Rynat Trading. The companies are registered in different jurisdictions but share the same corporate mark. Rynat Capital owns the rights to the XTrend Speed brand and is a classic broker whose website has a relative lack of information. Rynat Trading owns the XTrend brand, a mobile trading platform that complements the information the XTrend Speed website doesn’t have. And both websites prove that XTrend Speed and XTrend can be considered as one.The company offers trading of over 150 assets on two platforms: MT4 and STrader. MT4 implies adding custom indicators and algorithmic trading. STrader is focused on social trading.
An evaluation of the XTrend Speed (XTrend) broker, results in a solid 4 on a 5-point scale. It can be said that the developers' attempt to offer a budget niche version of the trading product was a success, but the platform and the idea itself require improvement. The broker focuses on mobile trading. The developers position their product as a Micro Trading application for those who like to trade on the go.
XTrend Speed investment programs are represented by external and internal social trading services. The external service is the MQL5 community trade copying service and it is available from the MT4 platform. Any XTrend Speed client can subscribe to it after registration on the MQL5 website and linking the live deposited account to the platform. The feature is a paid subscription irrespective of the signals provider's performance.STrader is social trading for active investors
STrader is XTrend Speed’s trading platform and has the service of transaction copying integrated into it. The signal providers are traders of the broker. An investor connects his account to one or more traders, then their trades are automatically copied to his account. The investor can disconnect from an account at any time. For successful trades, the investor receives remuneration from the investor's profit.