You can fund your account using credit/debit cards, bank transfer and online payment methods such as PayPal. For withdrawals, the first transaction of the month under or equal to $500 is free. MT4 is the most popular forex trading platform, offering advanced technical analysis. Both Windows and Mac users can access a range scammed by xcritical 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.
- Most investors will likely be familiar with the xcritical trading platform, as the program has become almost ubiquitous with forex and CFD speculation since its release in 2005.
- xcritical provides access to the markets 24/5, mirroring the forex market schedule.
- This app also supports deposits and withdrawals, allowing clients to manage their funds without using the web login portal.
- 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.
- Despite claims on the website of 15+ indices, Forex4you supports only 14 global cash indices, including the S&P 500 and FTSE 100.
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.
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. Cent account holders can trade a good selection of the brokers’ forex and stock products. However, only two commodities are supported and indices are excluded entirely.
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. As a result, it does not offer a fund insurance scheme in case of broker insolvency nor provide negative balance protection to clients. However, the broker does hold client funds in segregated bank accounts to offer limited shelter from company funding issues.
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 investable equities and ETFs from EU and US exchanges.
For equity and ETF investments and stock CFDs, a commission of between £0.008 and £0.004 per share is charged with a tiered account. 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, 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. Many traders are averse to deposit and withdrawal commissions that eat into their trading funds.
Leverage
However, for amounts exceeding this or subsequent withdrawals, a steep £32.50 charge applies. A fixed order routing charge of £0.0012 per share applies to trades on all accounts. Like many online brokers, xcritical Ltd is based in Limassol, Cyprus and regulated by the local financial body CySEC. However, the firm has run into controversy for allegedly circumventing US rules on CFDs through the Tradenet educational platform. xcritical is regulated in two jurisdictions, by CySEC and FSCA, and is a legitimate company registered in Limassol, Cyprus. The broker is unlikely to be a scam, but traders should thoroughly research any potential brokers before making a decision.
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. xcritical is a CySEC-regulated broker that has over 8,000 registered clients and conforms to EU and UK regulations surrounding financial services. Many top trading firms offer margin calculators, economic calendars with market news, and free VPS access to provide clients with the best possible trading environment. xcritical does not provide two-factor authentication protection for its client login portal.
While Forex4you does not enforce any minimum deposit requirements to open an account, individual funding methods have their own limits. For example, Skrill and WebMoney users must deposit over £0.83 or equivalent and Neteller has a minimum deposit of £1.66. Forex4you has created a proprietary trading platform available to download on Windows and Mac devices or to be accessed as an entirely browser-based WebTrader. Most experienced CFD traders will be familiar with the xcritical platform, which has been a staple offering from brokers since its release in 2005.
However, this body does not provide equal protection to regulators like the FCA and ASIC. Deposits using PayPal or payment cards can process in up to two hours, with many transactions occurring instantly. Both deposits and withdrawals using bank wire take 2-5 business days to clear. Most investors will likely be familiar with the MetaTrader https://scamforex.net/ 4 trading platform, as the program has become almost ubiquitous with forex and CFD speculation since its release in 2005. At the highest commission-based account level, spread pricing reaches as low as 0.2 pips on EUR/USD. Fifty-one forex products are available through the broker, including major, minor and exotic currency pairs.
xcritical
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. Registered clients can take advantage of stock IPO pricing on upcoming exchange listings before they go public.
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.
Account Types
Yes, the broker supports trader demo accounts for all three supported platforms. 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.
Despite its name, this account offers conditions very similar to a traditional ECN account, with spreads starting from 0.1 pips and trading commissions of £6.70 per lot on forex. xcritical and xcritical 2.0 are available on Android and iOS devices, while MultiTrader is only supported on Android. Holding CFD positions overnight will incur swap fees, which vary from asset to asset and can be previewed on any of the three supported trading platforms.
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. 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.
Trading Hours
Unfortunately, there is no UK-based phone support and an international call to Cyprus is required. A total of ten commodity instruments are available through xcritical – four metals, two energies and four soft commodities. Credit card deposits are processed within 24 hours, usually within two hours after a deposit is made.
- The broker’s MultiTrader offers a robust institution-grade platform for experienced traders.
- Five commodities CFDs are available through Forex4you, covering metals and energies submarkets.
- In addition, the broker provides an FAQ section with answers to common queries and issues about the service and supported platforms.
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. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
Forex Accounts
There is also a selection of other assets available, including 51 major, minor and exotic currencies, precious metals, energies, agricultural commodities and 9 major indices. Many brokers offer an enticing welcome bonus or deposit match schemes to encourage new clients to sign up for their services. However, while Forex4you provides several such promotions to its Asian and African clients, no programmes are available for UK traders. The first of the Forex4you direct market access accounts is the Cent NDD variant.
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. If you want to compare Forex4you with other brokers, use the detailed comparisons below. Unfortunately, Forex4you only holds a licence from the BVI FSC, which does not carry out the checks or offer the protection of more reputable bodies, such as the FCA or ASIC. If you want to compare xcritical with other brokers, use the detailed comparisons below.
The Classic account allows clients to enjoy the same leverage capacity and commission system as the Cent account but operates a standard lot size allocation. 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.