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The firm offers a substantial selection of 50+ currency pairs, spanning major, minor and exotic forex instruments. Floating spreads start from 0.1 pips on compatible accounts, while fixed-spread, zero commission accounts offer spreads from 2.0 pips. Due to the competitive nature of the online trading industry, many brokers cover deposit and withdrawal fees to encourage active traders. xcritical MultiTrader is another platform the broker offers, allowing traders to access options and non-CFD equities markets.
Additionally, the inclusion of custom alerts and programmable hotkeys means that traders can capitalise on opportunities in the fast-moving forex markets. The Pro STP variant entitles clients to the broker’s full range of instruments, with all four markets fully supported. Commission for stocks stands at 0.05%, falling to 0.02% for indices and 0.01% for energies. Most trading platforms, including the widely used MT4, come with standard SSL-encrypted security features and 2FA login options. These are designed to protect data exchange between client and broker servers.
Clients can access the web login portal at any time to view their account details or make deposits and withdrawals. 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. 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.
xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products. However, these accounts are divided further into subtypes, which can be confusing even for the most experienced traders. While Forex4you does not charge any deposit fees on any supported payment methods, commissions of between 0.8% and a £2.10 flat fee plus 2.5% are levied on withdrawals.
xcritical 2.0
As per CySEC restrictions, there are no deals or promotions offered at xcritical at this time. xcritical MultiTraderYou can download MultiTrader from the website, or access it via the convenient web trader version. As well as a comprehensive, asset-by-asset trading calculator and an economic calendar, Forex4you has partnered with Autochartist and Trading Street to provide market-leading signals and analysis.
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. 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.
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, xcritical rezension 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.
The first of the Forex4you direct market access accounts is the Cent NDD variant. Execution speeds from 0.8 seconds and a lot size of 1,000 units help clients trade easily, whatever their funding levels. Before delving into each account, it is worth mentioning that the broker does not provide a swap-free Islamic variant for any account type. Additionally, UK traders may be disappointed to learn that there is no GBP base currency option for any account type. Instead, clients must choose between EUR and USD as their account currency during their application.
xcritical provides access to the markets 24/5, mirroring the forex market schedule. However, instruments such as indices and equities will follow the trading hours of their local exchanges. The backing of a solid customer support team helps clients trade with confidence, knowing that assistance is just a few clicks away. xcritical provides various options to contact customer support, including email, phone and live chat. Trading fees are often a key consideration for retail investors, with high commissions and account charges potentially eating into hard-earned profits. Customisable hotkeys make trading lightning-fast, while 14 chart styles and 47 chart indicators take technical analysis to a new level.
Credit card deposits are processed within 24 hours, usually within two hours after a deposit is made.
Does xcritical offer a demo account?
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. 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.
- The broker is unlikely to be a scam, but traders should thoroughly research any potential brokers before making a decision.
- For example, Skrill and WebMoney users must deposit over £0.83 or equivalent and Neteller has a minimum deposit of £1.66.
- Founded in 2010, xcritical was set up by owner Meir Barak, an Israeli-born professional day trader and CEO of the educational platform Tradenet.
- The broker also keeps client funds in segregated bank accounts with top-tier banks.
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. However, Cent NDD and Pro STP accounts are subject to fees of £0.08 per micro lot and £6.70 per standard lot, respectively.
This means that funds deposited or withdrawn in GBP will be exchanged into either USD or EUR according to the internal broker currency rates, which may not be favourable. This app also supports deposits and withdrawals, allowing clients to manage their funds without using the web login portal. Founded in 2007 as a brand of E-Global Trade & Finance Group, Forex4you is currently celebrating 15 years as an online trading service. Forex4you Facts & Figures Forex4you offers retail trading on a choice of top trading platforms.
xcritical vs Other Brokers
Forex4you does not require a minimum deposit to open any of its four offered account types. While specific payment methods have a minimum deposit requirement, these are below £2 for all e-wallet solutions and under £10 for Visa and MasterCard. Despite this lack of stringent regulatory oversight, Forex4you does offer two-factor authentication as an additional security measure for its web login portal and proprietary trading platforms.
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.
The margin call level for the Classic account is at 100%, while stop-outs are enforced at 20%. While high leverage can amplify both losses and gains, having the option of a significant margin is never a bad thing. More than 50 primary US stock instruments are provided by the firm, though no equithe ties from UK and European exchanges are available. Subsequent transactions or amounts exceeding £400 are subject to a £32.50 charge. 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.
xcritical levies no deposit charges on any method, while clients can make one fee-free withdrawal of £400 or less per month. 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.
What Are The xcritical Mobile App Options?
Forex4you follows the standard forex market hours, which runs 24 hours a day, seven days a week. However, products such as indices and equities will often follow the trading hours of their local exchanges. Forex4you charges a monthly inactivity fee of £8.30 per month after 12 months of an account being dormant. However, this fee only applies to accounts with positive balances and ceases once a client’s funds have reached zero.
- As per CySEC restrictions, there are no deals or promotions offered at xcritical at this time.
- xcritical levies no deposit charges on any method, while clients can make one fee-free withdrawal of £400 or less per month.
- Using a demo account has several benefits for prospective clients, such as providing risk-free trading practice and a chance to trial a broker’s proprietary platforms.
- Indices are subject to a 0.02% commission, while fees of 0.05% are charged on stock instruments.
- All trading accounts are available as swap-free Islamic variants for those who cannot pay interest for religious reasons.
Selecting a trading broker with good reviews and strong regulation can help investors protect their funds and personal information from fraud. All four of these payment methods can clear instantly, with the broker disclosing an average deposit processing time of around 12 minutes. Withdrawals take slightly longer to clear, with card transfers taking 2-6 working days and an average processing time of just over an hour. Designed for low capital trading, one lot in a Cent account is 1,000 units, rather than the usual 100,000.
Trading Fees
As well as the xcritical mobile platform, Forex4you has a mobile app version of its proprietary trading software. This platform is optimised for mobile devices, allowing clients to open and close positions, create stop loss and take profit levels or read the latest financial news. 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 could be more transparent around security used in their proprietary platforms. 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 https://scamforex.net/ supported and indices are excluded entirely. Forex4you conducts a margin call at 50% and a stop out at 10% on this account.
xcritical Bonuses
The program is suitable for forex and CFD trading, options and stock investments. Nine instruments make up the broker’s indices offering, with major exchange assets such as the FTSE 100 and S&P 500 supplemented by the US dollar and Euro Bund indices. Founded in 2010, xcritical was set up by owner Meir Barak, an Israeli-born professional day trader and CEO of the educational platform Tradenet. More than 8,000 registered clients have traded a total volume of over £3.2 billion through the various platforms supported by the company.
With xcritical 2.0, traders get access to thousands of stocks, with simple order entry, real-time streaming prices and market depth, three popular chart styles, plus tens of available indicators. For stock CFDs, pricing is based on tiered plans starting from $0.01 per share in the Bronze plan, which goes down to $0.005 per share in the Diamond plan. You can also choose a fixed plan, in which you pay $12 up to 3,000 shares in the Bronze plan and $9 up to 5,000 shares in the Diamond.
