XtreamForex is a trading broker with a vast selection of different asset classes available to trade via the intuitive and user-friendly MetaTrader platforms for desktop, web and mobile devices. The broker has very favourable trading conditions along with flexible account types and convenient funding options. They also offer additional trading tools and a signal copying service, whilst there is also an informative trader’s academy filled with useful learning materials.
Pros / Cons
- User-friendly MetaTrader platforms
- Large selection of trading instruments
- $5 minimum deposit
- Flexible account types
- Various deposit/withdrawal methods
- Quick & easy account funding
- Tight spreads & low fees
- Rapid trade execution speeds
- Flexible leverage
- Trader's academy
- Trading tools
- Free VPS
- 24/5 customer support
- Not regulated
- USD account currency only
In this detailed XtreamForex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Our #1 Broker 2022
XstreamForex is an online broker that offers traders around the globe in various asset classes including Forex, Cryptos, Indices and Stocks. The broker uses straight through processing with a liquidity pool of institutional partners, enabling them to offer competitive price quotes with raw spreads starting from just 0 pips and reliable trade execution speeds. They also offer some good trader promotions from time to time.
They state that all client orders will be passed straight through to their liquidity providers – therefore there is no dealing desk intervention or conflict of interest. In addition to this, they provide clients with 24/5 customer support, segregated accounts, trading education and market analysis.
XtreamForex is committed to providing superior forex trading services for all clients, both retail and institutional, irrespective of the size of their investments or trading experience. The company’s vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to forex traders.
They have carved a reputation as a leader in online trading by providing a reliable, user-oriented trading environment built on the most advanced platforms. As the broker continues to grow internationally and establish themselves as a global brand, their main priority remains your profitability, success and happiness as a client.
Some of the key features of XtreamForex include:
- Ultra Fast Order Execution
- 24/5 Excellent Customer Support
- Segregated Client Accounts
- Deep Pool Liquidity
- Forex Education & Market Analysis
XtreamForex is the fastest growing ECN broker that is operated by Xtream Markets Ltd. They are registered by the Marshall Islands. XtreamForex provides trading services in Forex, Commodities, Indices, Stocks and Cryptocurrencies.
XtreamForex is a member of the Investors Compensation Fund and state that client funds are held in segregated bank accounts as per their regulations requirements and that they provide negative balance protection.
XtreamForex welcomes clients from all over the globe excluding countries where strict regulations are in place that prevent them from doing so.
Some XtreamForex broker features and products mentioned within this XtreamForex review may not be available to traders from specific countries due to legal restrictions.
XtreamForex provide clients with one of the most popular and powerful forex trading platforms, MetaTrader. There is a choice between the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Millions of traders choose MetaTrader for its unique features including a fully customisable interface, flexible trading conditions, advanced charting & technical analysis, expert advisors (EAs) for automated trading and various inbuilt technical indicators. It also has its own built-in MetaEditor programming interface where users can develop their own customised indicators, scripts and EAs. There is a strategy tester for back testing EAs over historical data and large online MQL community where users share ideas and tools.
Some of the key MetaTrader features are as follows:
- Real time bid/ask price quotes in the market watch window
- Multiple chart types (including bar, line & candlestick)
- Multiple chart timeframes from 1 minute to 1 year
- Multiple order types supported & one-click trading directly from charts
- Technical indictors for conducting in-depth chart analysis
- Automated trading with expert advisors (EAs)
- Strategy tester for back testing EAs over historical data
- Set price alert notifications via email, SMS and pop-ups
- Freely available for desktop, web & mobile devices (iOS & Android)
The XtreamForex Copy Trading Program offers the opportunity to automatically copy trades of other traders, known as a strategy manager, so that you do not have to spend time developing your own strategy and staring at charts all day. The position of your chosen trader automatically gets copied in real-time and you will get the same trades as per your strategy manager.
While you are imitating the position the proportion of profit would be shared among you both. You additionally also have the privilege to choose the amount you would like to invest. Copy trading is an effortless technique where you can learn the strategy from other traders. The copy trading features include:
- Simple: Get started in no time, with no need for advanced forex knowledge.
- Flexible: By choosing from 600+ Strategy Managers, you decide who to follow & how much you want to invest.
- Safe: No one, except you, has access to your personal details.
- Efficient: Sign up within minutes, and monitor your trades in real-time.
- Accessible: Get started via the XtreamForex Website or Client area to access XtreamForex Invest directly.
- Practical: Withdraw your funds instantly, and pay your Strategy Manager only in case of profit’s discover how much you could earn by using the forex investment calculator.
To get started with the XtreamForex copy trading platform, you just need to follow these simple steps:
- Register for your Investment Account.
- Select the Strategy Manager of your choice.
- Verify your profile.
- Deposit funds and choose the signals you would like to copy.
It must be strongly emphasised that there are no guarantees on performance when copying signals and past results are by no mean any indication of future results. You should have a clear understanding of the significant risks involved before trading online.
XtreamForex Trading Tools
The broker offers some additional trading tools to try and help traders improve their trading strategies such as a currency converter, pip calculators and various other trading mechanisms that can be used when trading the forex market.
The Forex market is the world’s biggest financial market in terms of volume so it can be beneficial to be aware of the world’s happenings. Forex holidays can significantly affect the trading schedule and the volatility of the market. Using the holiday calendar, you can take a look at the list of exchange market holidays and stay up to date with all upcoming changes to the trading schedule.
XtreamForex provides an automatically updated, independent calendar featuring important economic events for active traders. It helps users to stay updated on the significant events with instantaneous information and can help aid decision making according to market volatility. The economic calendar shows all of the major and minor economic events for today or for this week.
Position Size Calculator
The position size calculator is a free tool that helps you to estimate the size of your trade to avoid excessive risk. Your position size should always be based on your risk tolerance and you should be fully aware of the significant risks involved with trading online.
The Pip Calculator is a useful tool that will help you to calculate value of pip for the currency you want to trade.
Virtual Private Server
A Virtual Private Server (VPS) is a remote service that works autonomously. A VPS runs virtually imitating devoted server environments within a large Servers. It imparts secured and firm trading by providing permanent connectivity to the internet without any disruption.
XtreamForex is committed to bringing forth advanced technology. They have joined forces with a top VPS provider that gives clients access to Free VPS hosting for exceptional trading conditions with security and flexibility.
Some of the main advantages of a VPS include:
- Runs 24/7
- Ideal connection speeds
- Limited effect of unforeseen down time, power cuts, and other obstacles
- Minimize delay in order execution
- Speedy recuperation of lost data
- Smooth functioning alongside other operating systems
- Run automated systems such as expert advisors (EAs)
This is especially useful for traders that run automated systems around the clock and those who don’t have reliable internet connections at home.
You can follow these steps to get access to the XstreamForex VPS:
- Create a trading account with the broker
- After the approval of your account, you can request a free VPS to receive a user name and password to access its IP address and associate it to the server using a remote desktop application (RDP)
- Once the connection to the VPS is live, you are then directed to a different desktop with similar functions and privacy as a real PC
- Finally, you can log in and start your trading as per usual
XstreamForex has an impressive trading academy full of useful trading guides, tutorial videos, e-courses, webinars, daily market analysis and much more. There is plenty of content to help traders of all experience levels to improve their skills and knowledge.
The broker has a wide range of trading products to trade online including the following:
Trade More than 60 major, minor and exotic currency pairs from 0.0 pips.
Trade the world’s most traded digital currencies such as Bitcoin, Litecoin, Ethereum and more via one trading platform.
Trade indices with competitive trading conditions. There are over a dozen baskets of indices to choose from. You can trade with the world’s most active stock indices including NAS100, SPX500 and US30.
Trade 60+ stocks of some of the largest and most famous companies from the US, UK and EU. You can buy and sell stocks including Apple, Amazon, Facebook and other major companies in the world.
XtreamForex Accounts & Fees
XstreamForex have a good variety of 5 different account types to suit different trading styles and investment sizes. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account. The account type that you opt for is likely to depend on your investment size and trading strategy.
You can have up to 5 trading accounts, according to the brokers policy. In order to open an additional account, you need to login to the Client Area, click on “Add a New Account” and then choose the account type, base currency and leverage. You can manage multiple accounts by using the MT4 MultiTerminal platform, which you can request by sending an email to customer support.
The minimum deposit to open a micro trading account is $5 or equivalent. Spreads start from 1 pip and leverage of up to 1:1000 is available. The minimum lot size to trade is 0.01 and a maximum of 5 lots are permitted. There is no commission charged on this account.
The minimum deposit to open a standard trading account is $250 or equivalent. Spreads start from 1 pip and leverage of up to 1:400 is available. The minimum lot size to trade is 0.01 and a maximum of 50 lots are permitted. There is no commission charged on this account.
The minimum deposit to open an ECN trading account is $250. Spreads start from just 0 pips and leverage of up to 1:400 is available. The minimum lot size to trade is 0.01 and a maximum of 50 lots are permitted. There is a $7 commission charged on this account.
ECN Pro Account
The minimum deposit to open an ECN Pro trading account is $5,000. Spreads start from just 0 pips and leverage of up to 1:200 is available. The minimum lot size to trade is 0.01 and a maximum of 100 lots are permitted. There is a small $5 commission charged on this account.
The minimum deposit to open a VIP trading account is $20,000. Spreads start from just 0 pips and leverage of up to 1:200 is available. The minimum lot size to trade is 0.01 and there is no maximum amount that you can trade. There is a very small commission of just $1 charged on this account.
Swap Free Accounts
As long as you meet the brokers criteria (e.g. client of a Muslim faith), you may be eligible for a swap free account. In order to get a swap free account, you just need to open an account as usual and send an email to customer support to request the swap free account. A carry charge is applied on selected currency pairs when holding overnight positions beyond a 7-day period. The Company reserves the right to revoke the Islamic Account status granted to any trading account.
XtreamForex provide free demo accounts where you can practice your trading strategies on the different trading platforms. In order to open a forex demo account, you have to fill in the online registration form here. As soon as you finish the registration process, your account details will be sent to your email and you will get $100,000 in virtual money to trade with.
As broker fees can vary and change, there may be additional fees that are not listed in this XtreamForex review. It is imperative to ensure that you check and understand all of the latest information before you open an XtreamForex broker account for online trading.
XtreamForex Customer support is available 24/5 during market opening times via email, telephone and live chat. The broker believes in building long-term relationships with clients and all the people who work with them.
XtreamForex Deposit & Withdrawal
XtreamForex support a variety of convenient deposit and withdrawal methods. In order to deposit into your account, you can choose Wire Transfer, Visa, Skrill, Neteller, UnionPay, PayPal, WebMoney, Bitcoin and more.
To fund your account by bank wire transfer, you will need to obtain the brokers bank details from the Client Area or request them by sending an email to customer support. As soon as you make your deposit by bank transfer, you will have to provide them with a swift copy of your transaction.
Funding your account with all the other payment methods is initiated directly via the Client Area. To withdraw funds from your trading account you need to go to the Fund Transfers section, then choose Withdraw Funds, fill in the form and submit it. The funds must be withdrawn by the same method used for deposit.
The broker does not charge any commission for deposits nor withdrawals but fees may apply from the respective banks or payment processing companies. All withdrawal requests are processed within the same working day of receipt, during business hours, but it will take 2-4 working days for the funds to reach your card/bank account. Accounts can only be opened in USD which means that you may have to pay currency conversion fees if using another currency.
XtreamForex Account Opening
In order to open a live account with XtreamForex, you have to fill in the online registration form, which you can find on the brokers website. Once you’ve submitted the form, you’ll be sent all of your account details to the email address that you provided. To get your account verified, you’ll need to submit all the requested documentation and make your first deposit to start trading online. As long as you complete the registration process, submit a proof of identification and proof of address and make your first deposit, your trading account will be opened immediately.
What is the XtreamForex minimum deposit?
The XtreamForex minimum deposit required to open a trading account starts from $5 to $20,000. It depends upon the account type that you select. In a Micro account, the minimum deposit is $5, the Standard account is $250, the ECN account is $250, ECN Pro $5000, VIP account is $20000.
A $5 minimum deposit allows you try the brokers products and services with a minimal investment to see if they are suitable for your needs. Some brokers have a minimum deposit requirement of $500 or more.
How do I deposit money into XtreamForex?
It is quick and easy to fund your XtreamForex account. The broker has developed a custom-made payment methods interface in the members area to make account funding and payments hassle-free using a single interface for all of your needs.
The payment and funding authorization is fully automatic and the XtreamForex portal allows deposits and withdrawals using a simple, easy-to-use single interface.
You can choose from a variety of convenient funding methods including Wire Transfer, Credit/Debit Card, Neteller, Skrill, Bitcoin, UnionPay, PayPal, WebMoney, Bitcoin.
The time taken for funds to arrive in your account can depend on them method used. Bank transfers may take a few business days to clear whereas online payment processors can be instant.
In order to fund your account by bank wire transfer, you will need to obtain the brokers bank details from the Client Area or request them by sending an email to customer support. As soon as you make your deposit by bank transfer, you will have to provide them with a swift copy of your transaction. Funding your account with all the other payment methods is initiated directly via the Client Area.
What are the XtreamForex deposit fees?
XtreamForex don’t charge any deposit fees. The amount that you send is the amount you should receive into your account, minus any currency conversion fees.
How do I withdraw money from XtreamForex?
To withdraw funds from your trading account, you can go to the Fund Transfers section, then choose Withdraw Funds, fill in the form and submit it. The funds must be withdrawn by the same method used for the deposit.
All withdrawal requests are processed within the same working day of receipt, during business hours (9:00 – 18:00 Eastern European Time), but it can take 2-4 working days for the funds to reach your card/bank account.
What are the XtreamForex withdrawal fees?
XtreamForex do not charge any withdrawal fees but there may be fees that do apply from the respective banks or payment processing companies.
What is the XtreamForex commission fee?
The XtreamForex commission fee depends on the account type that you choose. Micro and standard accounts have no commission fee, the ECN account has a $7 commission fee, the ECN Pro account a $5 commission fee and the VIP account a small $1 commission fee.
Are there any XtreamForex inactivity fees?
No, XtreamForex do not currently charge any inactivity fees.
What are the XtreamForex account types?
XtreamForex have an account to suit every type of trader. You can choose between 5 account types. The main differences between each of the account types are the minimum deposit required, spreads, commission and features. The XtreamForex account that you opt for is likely to depend on your level of trading experience along with the trading strategy that you plan to use.
You can have up to 5 trading accounts, according to the company’s policy. In order to open an additional account, you just need to log in to the Client Area, click on “Add a New Account” and then choose the Account type, Base Currency, and Leverage. You can manage multiple accounts by using the MT4 MultiTerminal platform, which you can request by sending an email to customer support.
Is there an XtreamForex demo account?
Yes, there is a free XtreamForex demo account that can be used to improve your trading skills and familiarise yourself with the brokers trading platforms. You will receive $100,000 in virtual money for demo trading with. Once you feel ready to trade with real money, you can easily switch over to a live account.
To open a Forex Demo Account, fill the online registration form available on the brokers website. As soon as you finish the enrolment process, your credentials will send to your given email address.
It is important to keep in mind that demo trading does not take into consideration human emotions such as fear, anger and greed, all of which can have an impact on trading performance.
What are the XtreamForex spreads?
The XtreamForex spreads are very tight, starting from just 0 pips on the ECN and VIP accounts. The Micro and Standard accounts have spreads from 1 pip but do not charge any commission as all costs are already included within the spread mark-up.
The spread is the difference between the Bid price (selling price) and the Ask price (buying price) of the instrument being traded. This is a price that you pay to a broker when you enter and exit Forex trades.
What is the XtreamForex leverage?
XtreamForex offer leverage up to 1:1000 on the Micro account, which allows a maximum 5 lots traded at any time. Other accounts have leveraged capped between 1:200 and 1:400, but they allow for larger trading volume.
Leverage allows you to trade with an amount larger than you would have been able to without it. Whilst this does increase profit potential, it can also greatly increase your risk exposure.
Leverage is expressed as a ratio, for example if your leverage is 1:200, this means that you can hold a position that is the 200 times the value of your trading account. E.g. If your account had a balance of $1,000, you could take a position size of $200,000.
It is important to ensure that before trading with leveraged positions, that you have a clear understanding of what it is, how it works and the significant risks involved.
What are the XtreamForex margin & stop-out levels?
The margin level determines the deposit that is required to keep open positions. To open and hold positions, a trader must have sufficient funds to secure it. Free margin determines the capital that remains on the account to open subsequent positions, and to cover the changes in the balance resulting from price movements from already opened positions.
A stop out is an automatic closure of a position at the current market rate. A stop out occurs when the margin requirement has been exceeded and the account balance is no longer sufficient to sustain all the opened positions. XtreamForex have a stop out level of 30% and margin call level from 50-60%.
To avoid a Margin Call you should check your account’s balance at all times and make sure you have sufficient funds in your account so that you can maintain your open positions.
Do XtreamForex allow hedging, scalping & expert advisors?
Yes, XtreamForex allow all types of trading strategies, including automated systems, scalping and hedging.
Is there a XtreamForex Islamic account?
Yes, as long as you meet the brokers criteria (e.g. client of Muslim faith), you may be eligible for a swap-free account. In order to get a swap-free account, you can open an account as per usual and send an email to customer support.
What are the XtreamForex trading instruments?
XtreamForex have over 100+ CFD trading instruments across different asset classes including Forex, Stocks, Indices, Cryptos and Commodities.
How do I open an XtreamForex live account?
To open an XtreamForex account, firstly, you will need to fill in the online registration form, which you can find on the XtreamForex website. Once you have submitted the form, they will send all your account details to your given email address. You can then start trading immediately after finishing the registration process and depositing funds.
How do I verify my XtreamForex account?
To get your account verified, you will need to submit all the requested documents and make your first deposit. As long as you complete the registration process, submit proof of identification and proof of address, and make your first deposit, your trading account will be opened immediately.
You can provide them with a scanned colored copy of your passport, national identity card, or driving license. Your personal details including serial number, your photo, signature, issue & expiry dates must be clearly visible.
What is the XtreamForex trading platform?
XtreamForex provide the popular MetaTrader platforms, for desktop, web and as mobile apps. You can choose between MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both MetaTrader platforms are packed with tools and features to satisfy even the most demanding of traders.
Where can I download the XtreamForex platform?
You can download the XtreamForex platforms free of charge from the brokers website. They also have a web platform that runs directly in your web browser without the need to download or install any additional software. Additionally, you can download the MetaTrader app from the relevant app store on your iOS or Android mobile device.
Where is XtreamForex located?
Founded in 2014, XtreamForex is a Brand Name of Xtream Markets LTD. They are registered in the Marshall Islands.
Is XtreamForex regulated?
Currently, there is no information regarding XtreamForex being regulated. Despite that, the broker states that they are aware the security of funds is the utmost concern of each trader and that clients can be confident that their funds are detained with safety, integrity, and transparency. Lack of regulation does mean that they can offer some features that a regulated broker might not be able to, such as higher leverage.
What countries do XtreamForex accept?
XtreamForex welcome clients from around the globe, although services are not directed toward soliciting citizens or residents of any jurisdiction that would be contrary to local law or regulation.
Is XtreamForex a scam?
No, we do not believe XtreamForex is a scam. They have been providing competitive trading conditions to clients around the world since 2014.
How can I contact XtreamForex support?
You can contact XtreamForex customer support 24/5, via email, online chat and phone. We found them to be extremely efficient in response to various queries we made.
XtreamForex is a true ECN forex broker that has a good selection of trading products to trade with competitive conditions on the user friendly MetaTrader trading platforms along with an abundance of trading tools. In addition to this, they offer flexible account types, a variety of funding options and an informative traders academy.
CFD’s and Foreign Exchange (FX) traded on margin carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade because you can lose some or all invested capital. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.