Independent rating of Forex broker Xtream Forex

About company

The investment ECN broker Xtream Forex was founded and registered in the Marshall Islands in 2018 under the number 84516. This is the trade brand name of Xtream Markets LTD. At the time of writing the review, there is no information about the regulatory bodies that oversee the activities of the broker.

According to the information on the site, the broker strives to provide some of the best trading conditions, build long-term relationships with clients and provide competent technical support. The company also provides access to several trading accounts, platforms and their mobile versions.

Trading conditions

Xtream Forex is a broker with over 60 Forex currency pairs, over 60 stocks, cryptocurrencies and 13 indices. Traders can choose from five types of trading accounts: Micro account, Standard account, ECN account, ECN Pro account, VIP account. Novice traders can download a demo account for free and try themselves in conditions identical to real ones. To become a client of the broker, you need to register a trading account and make a minimum deposit of $5.

Among other things, the broker has created opportunities for investors. So, there is a program for copying trades (Xtream Copy Trading with a deposit of $100) and a program for trust management of accounts (Xtream PAMM Trading). Going into details, the site also has information on more detailed trading conditions, such as: minimum trade size 0.01 lot, leverage 1:1000, spread size 1.2.

Based on the information on the broker's website, Xtream Forex pays great attention to the security of accounts and the safety of customer funds. This is done through multi-stage risk management, segregation of client accounts from broker operating accounts and negative balance protection.

Despite the fact that all legal documents are presented on the site, the company still does not have a regulatory body. Accordingly, the question of the expediency of cooperation can only be decided by the client himself.

To all of the above, we can add that the broker also has a large knowledge base and trader's tools: economic calendar, Forex guides, market news, Glossary, webinars, articles, educational courses. The site also has a welcome credit bonus - up to $20,000 to the account on the first deposit. The following affiliate programs are available from the broker: Introducing broker, Regional partner, White Label solution. The site content is presented in English, Arabic, Persian and Vietnamese.

Trading platforms

By registering a trading account, you can download and install the MetaTrader 4 or MetaTrader 5 trading platform for free, as well as their mobile and browser versions.

Support

According to the information on the site, the technical support service is available 24/5 by phone +35796750500, email Support@xtreamforex.com, also through live chat on the site or in one of several social networks.

Deposit/Withdrawal

The company cooperates with Skrill and Neteller payment systems. It is also possible to deposit or withdraw funds using a bank transfer or a bank card.

Trader reviews

There are many reviews about the company on the net. Almost all Russian-language reviews are negative. There are also large articles with revelations. Most of the English-language reviews are written in a positive way. At the same time, they are written with errors and are like two peas in a pod similar to each other.

The main claims of traders are the slow work of technical support, the inability to withdraw large amounts, or even allegations of fraud.

Broker Benefits

• Large selection of educational materials
• Small deposit amount
• Free demo account
• Affiliate programs, welcome bonuses

Broker Disadvantages

• liAbsence of a regulatory body
• Lots of negative reviews
• Unsubstantiated information about the safety of funds
• Low ranking on many sites

Conclusion

Despite the broker's pretty website with detailed information and many bonuses for potential clients, the absence of a regulatory body, numerous negative reviews and a low rating override the initial positive impression of the broker.