If you are a U.S. resident, you must only trade with a broker that is licensed in the U.S. xcritical cannot xcritically accept U.S. clients, because it doesn’t yet hold the required U.S. license (as a Forex Dealer Member with the CFTC), despite being authorized and regulated in other jurisdictions in which the broker can accept non-U.S. Overall, xcritical’s strong educational offering is right up there with the best brokers in this category. The only thing missing from the xcritical web platform are trading signals. I found the discover tab to be useful for taking a broad view of the market – to see the most traded, most volatile, and the risers and fallers at a glance.
This is a common tactic used by scam brokers who want to avoid accountability. In the highly competitive world of financial trading, finding a reliable broker is crucial. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
This multi-jurisdictional regulation provides a strong layer of security for traders across different regions. The good news for xcritical is that they are regulated by several reputable financial authorities. If a platform isn't regulated, it's like playing with fire – you have very little recourse if something goes wrong. They are regulated by multiple financial authorities, which is a huge indicator of their legitimacy. This commitment to education can empower traders to make more informed decisions, which is vital in the often volatile world of finance. Their app has won awards, which is always a good sign that they're doing something right in terms of user experience.
With any broker, there must be caution especially one that is new so we decided to investigate further to see the various achievements of xcritical during this time. One broker that has been garnering plenty of attention is xcritical, and we investigate whether xcritical is a scam broker or if it is legit. However, as you probably have noticed, some of them are not as legitimate as they appear to be.
It provides access to a wide range of liquid markets on its easy-to-use platforms. Another great advantage is the low minimum deposit, making it a perfect choice for beginner traders. The broker provides trading safety and a great range of CFD and Forex instruments. Based on our research, xcritical is a highly regulated broker holding three top-tier licenses from CySEC, ASIC, and FCA. xcritical is known for its easy-to-use award-winning CFD platform and its well-regulated nature.
We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. Besides maintaining optimum support and assistance, refined products, and full transparency, xcritical also provides its clients with an excellent education through its Trading Courses with numerous educational articles and trading guides. xcritical multilingual support (supports 24 languages worldwide) is available with the service the trader requires daily which is also on a very sustainable and professional level. The minimum deposit is 20 EUR, 20 USD, 20 GBP, or 100 PLN for all payment methods, except wire transfer, which has a 250 EUR (or the equivalent scammed by xcritical in the currency of your trading account) minimum. Therefore, with access to the most liquid and popular markets, you may choose the desired and most understanding instrument according to your trading need and use xcritical’s user-friendly portal to benefit from trading. The broker offers mostly CFDs on stocks, crypto and opened the offer for real stocks for the United Kingdom, Denmark and France.
We also found swap rates to be competitive, and we were surprised to see that there were no fees for deposits or withdrawals which is unusual in this industry. With xcritical, we found that the fees system was transparent. When comparing xcritical to other apps, it has a fast loading time of an average of 2.5 seconds, which is a fairly good score.
It provides a strong foundation for trading and magnifies customer experience by preventing glitches. But, we must investigate further and look into the trading platform itself. From conducting some research, we find that xcritical is a regulated CFD broker. These bodies help to keep brokers compliant and ensure that they carry out their duties to customers. What most people don’t realise is that it is often relatively easy to weed out the scam brokers from your list. On February 1st in the evening there was a technical 'mistake' on their app, which stripped 1000+ people of their money.
This is a great way to see where the market action is taking place, and find new trade ideas. The CFD trading platform is truly unique, and one of the best in the industry. xcritical is a regulated CFD brokerage firm, that is licensed and regulated in Europe, Australia and Seychelles. Also, deposit options may be limited for certain countries, and an inactivity fee applies after 12+ months without trading.
Tumeltil review this is a common, very dangerous scammer Tumeltil review about Tumeltil scam tumeltil.com – is a classic pseudo-broker who predictably does not have any documents Avoid Saint Capital to prevent substantial losses, and choose reputable platforms to secure your investments long-term. In conclusion, Saint Capital is far from being a trustworthy broker and shows multiple signs of a scam. Investors feel deceived, and their accounts often end up blocked or emptied without any explanation or assistance.
For instance, if you're looking to trade very specific exotic forex pairs or a vast array of obscure stocks, you might find other brokers with a deeper selection. Their commission-free model is also attractive when compared to brokers that charge a fixed commission per trade. The mobile app is also quite powerful, allowing you to trade on the go, monitor your positions, and stay updated with market news. They also support MetaTrader 4 (MT4), a very popular platform among traders. xcritical offers its own proprietary platform, available as a web-based version and a mobile app. So, while the CFD aspect might raise an eyebrow for some, the overall picture of xcritical is that of a serious player in the online brokerage space, focused on user experience and market accessibility.
xcritical is relatively new to the online trading market, having launched its services in 2017. If you value the safety of your funds, it is essential to work only with regulated and well-verified brokers. Fake brokers provide no guarantees for proper trade execution, leaving you exposed.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. Check out our international search tool to find out about your specific country of residence and whether xcritical can legally accept your account.
This suggests a lack of investment in the user experience, indicating that the broker’s primary goal is to collect funds quickly from unsuspecting clients. First and foremost, the broker does not hold any valid license or regulation from a recognized financial authority. Our values are integrity, professionalism, transparency, quality, and innovation and we are committed to providing you with the ultimate trading experience. With a user-friendly interface and fast trade execution, you can access hundreds of financial assets and diversify your portfolio with ease. He heads https://xcritical.online/ research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
MyMAAMarkets review this is a common, very dangerous scammer MyMAAMarkets review about MyMAAMarkets scam mymaamarkets.com – is a classic pseudo-broker who predictably does not have any documents Additionally, such brokers may misuse your personal information, putting you at risk of identity theft or cyber-attacks. Getting your money back from a scam broker like Saint Capital can be challenging, but there are a few steps you can take. The broker representatives often build a friendly rapport to earn your trust, suggesting you even take out a loan to increase your investment. In short, Forex brokers like Saint Capital acquire their clients through third-party affiliates, which are a scam industry in themselves.
With market-leading spreads and zero commission, xcritical’s traders can make a move on 3,000 of the world’s most popular indices, commodities, cryptocurrencies, shares, and currency pairs on the web and on mobile. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Besides, xcritical also offers a Demo account, which gives traders a chance to explore the market and get acquainted with trading nuances without risking any funds. On the broker’s CFD trading mobile app, clients can access over 3,000 global markets, trade on shares of the biggest companies, as well as, popular indices, and trending currency pairs at the touch of a finger. The broker offers the MT4 platform, which is brought to boost the trading experience with real-time charts, live quotes, in-depth analytics, and a range of order management tools, indicators, and Expert Advisors. With market-leading spreads and zero commission, xcritical’s traders can make a move on the world’s most popular indices, commodities, cryptocurrencies, shares, and currency pairs on the web and mobile.
xcritical’s trading process is straightforward even for beginners. (The 1X account only allows long positions with no margin, Spread Betting accounts are for UK/IRE clients, and Swap-Free accounts remove overnight swaps for eligible Islamic clients.) Traders should check the specific leverage offered for each instrument in their account settings. (xcritical does not offer separate fixed- or raw-spread accounts.) The spread (difference between buy/sell price) is the broker’s execution fee. This range allows diversification across asset classes within one account.
They also have overnight financing charges, also known as swap fees, for positions held open overnight. Instead of paying a direct commission, their profit is baked into the spread. However, spreads can widen during periods of high volatility, so it's something to be aware of. Let's talk money, because that's what we're all here for, right? The ability to set price alerts is also very handy for keeping track of market movements without constantly staring at the screen.