XTrend Speed Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- STrader (XTrend Speed)
- Micro Trading (Xtrend)
- FSCA
- CySEC
- 2016
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- STrader (XTrend Speed)
- Micro Trading (Xtrend)
- FSCA
- CySEC
- 2016
Our Evaluation of XTrend Speed
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
XTrend Speed is a broker with higher-than-average risk and the TU Overall Score of 4.71 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XTrend Speed clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
XTrend Speed is a combination of classic platforms and social and mobile trading. MT4 and STrader are for active and algorithmic trading. The mobile application is for manual trading for novice investors who don’t practice active trading.
Brief Look at XTrend Speed
XTrend Speed is a classic broker providing CFD trading services for all major types of financial assets. The company works with traders from over 170 countries. The regulator of XTrend Speed is FSCA 23497 (South Africa), and CySEC (303/16) is the regulator of Xtrend's subsidiary, which represents the mobile platform Micro Trading.
- Low start deposits. The entry threshold is from $10 for XTrend Speed and $50 for the mobile XTrend platform.
- Popular MT4 platform for active traders. Simple mobile platform functionality. Perfect for novice investors who do not practice active trading.
- There is social trading with strict requirements for signal providers.
- The leverage is up to 1:300.
- Compliance with client service rules with the European MiFID II Directive requirements. Segregated accounts and an insurance fund.
- Withdrawal commission.
- The website doesn’t provide all the information you need to understand the trading terms and advantages of the broker.
- Registration and communication with the Support Service are required.
TU Expert Advice
Financial expert and analyst at Traders Union
We need to be clear about the brands. There are two companies: Rynat Capital and Rynat Trading. The companies are registered in different jurisdictions but share the same corporate mark. Rynat Capital owns the rights to the XTrend Speed brand and is a classic broker whose website has a relative lack of information. Rynat Trading owns the XTrend brand, a mobile trading platform that complements the information the XTrend Speed website doesn’t have. And both websites prove that XTrend Speed and XTrend can be considered as one.
The company offers trading of over 150 assets on two platforms: MT4 and STrader. MT4 implies adding custom indicators and algorithmic trading. STrader is focused on social trading.
An evaluation of the XTrend Speed (XTrend) broker, results in a solid 4 on a 5-point scale. It can be said that the developers' attempt to offer a budget niche version of the trading product was a success, but the platform and the idea itself require improvement. The broker focuses on mobile trading. The developers position their product as a Micro Trading application for those who like to trade on the go.
XTrend Speed Summary
| 💻 Trading platform: | МТ4, STrader (XTrend Speed), Micro Trading (Xtrend) |
|---|---|
| 📊 Accounts: | МТ4, STrader |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Neteller, Skrill, Sofort, PayPal |
| 🚀 Minimum deposit: | From $10 (from $50 for Xtrend) |
| ⚖️ Leverage: | From 1:300, depending on the asset |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 or from $2 |
| 💱 Spread: | From $0.04 for the minimum order |
| 🔧 Instruments: | Currency pairs, shares, indices, metals, oil, and cryptocurrencies. |
| 💹 Margin Call / Stop Out: | 50%/ no information |
| 🏛 Liquidity provider: | Over 10 investment banks and market makers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Social auto trading is available. |
| 🎁 Contests and bonuses: | Yes, the Traders Union |
XTrend Speed's range of trading instruments includes over 150 assets, including cross rates and cryptocurrencies. The mobile version of Micro Trading (Xtrend) has slightly more than 10 assets, including currency pairs. The average order execution speed of 95% of orders is up to 42 ms.
XTrend Speed Key Parameters Evaluation
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Trading Account Opening
Before opening an account with the XTrend Speed broker, check about the possibility of using an affiliate link with the client service. The service is free, and with its help, you can get partial compensation for spreads in the future.
Algorithm of account opening at XTrend Speed broker:
On the XTrend Speed website, select the tab with the same name in the Trade tab in the top menu. Click the "Open Account" button.
Enter your email address and password. No confirmation is required for registration, but maybe an email will be needed for verification.
XTrend Speed account functionality:
Also in the user account you will have access to:
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Basic profile information management and verification.
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Social trading analytics (available only after installing the STrader platform).
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Access to the archive files of platforms for all types of OS.
Regulation and safety
XTrend Speed is registered in South Africa, and the jurisdiction's regulator is FSCA. The Xtrend mobile brand is registered in Cyprus where the regulator is CySEC. Both companies have membership in independent compensation funds, which guarantee the trader a payment of up to €20,000 in case of the broker's bankruptcy.
Advantages
- Licensed by a reputable regulator
- There is a compensation fund
Disadvantages
- Difficulty of private investors filing claims
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| МТ4/STrader | from $4 | Yes |
There is a swap fee (commission for shifting transactions to the next day).
A comparative analysis was also made with similar trading terms of its competitors. For comparison, the Traders Union took the average spread in money terms for 1 lot at the average volatility, taking into account the broker's markup. Its average value is 0.97 pips.
| Broker | Average commission | Level |
|---|---|---|
|
$4 | |
|
$1 | |
|
$8.5 |
Account types
XTrend Speed offers 2 types of accounts —according to the platform types. The differences between the accounts are in the approach to calculating the transaction volume and in the capabilities of the platforms. MT4 is superior to STrader in terms of technical components and STrader is more suitable for passive investing.
Types of accounts:
Demo accounts are available for both terminals.
Deposit and Withdrawal
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The application for withdrawal of money is considered by the broker within 1 day. Withdrawal of money is carried out within 3-5 working days depending on the payment system. Exceptions are possible.
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Commission-free deposits
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Withdrawal of money — the commission amount depends on the payment system and can be up to 3.5%.
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There are no limits on the number of requests to withdraw money.
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The minimum withdrawal amount is $10.
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Payment methods: bank payment systems, PayPal, Neteller, Skrill, and Sofort.
Investment Options
XTrend Speed investment programs are represented by external and internal social trading services. The external service is the MQL5 community trade copying service and it is available from the MT4 platform. Any XTrend Speed client can subscribe to it after registration on the MQL5 website and linking the live deposited account to the platform. The feature is a paid subscription irrespective of the signals provider's performance.
STrader is social trading for active investors
STrader is XTrend Speed’s trading platform and has the service of transaction copying integrated into it. The signal providers are traders of the broker. An investor connects his account to one or more traders, then their trades are automatically copied to his account. The investor can disconnect from an account at any time. For successful trades, the investor receives remuneration from the investor's profit.
The requirements for a trader to be included in the signal providers ratings are:
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Full verification, including filling in the section "About You". Otherwise, there are restrictions on the number of copied orders - no more than 2. The same rule applies to investors.
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Profitability: from 10% per week or 20% per month.
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Accumulated margins: over $50 for 1 week or over $100 for 1 month. The parameters are recalculated every week and month. If the requirements are not met, the broker has the right to exclude the service provider's account from the rating.
Everyone can act as a trader as well as an investor. For traders, social trading is an extra income from active trading. For investors, it allows them to make a profit without market analysis.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
XTrend Speed’s affiliate program:
The marketing policy of the company doesn’t provide for the attraction of clients with the help of affiliate programs. The main emphasis is placed on the development of the technological base and the development of new products for traders and investors.
Customer support
Questions related to cryptocurrency trading are answered 24/7. Technical questions and questions related to other assets are answered 24/7, except on holidays and weekends.
Advantages
- You can ask questions about cryptocurrencies any day
Disadvantages
- There may be a delay in response times
The broker provides the following communication channels:
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Email.
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Social networks.
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Chat line on the broker’s website.
All communication channels are available to everyone, and registration is not required.
Contacts
| Foundation date | 2016 |
|---|---|
| Registration address | 17 Midas Avenue, Olympus, Pretoria Gauteng, South Africa, 0081 |
| Regulation | FSCA, CySEC |
| Official site | https://www.xtrendspeed.com/ |
| Contacts |
Education
Training materials are separated into an "Analysis and Education” section on the XTrend Speed website. The information is designed for different categories of traders. There are basic trading fundamentals, terminology, video materials for visual and auditory perception, and intraday trading ideas for certain assets with text and graphical justification based on levels and technical indicators.
Cent accounts are not provided. A demo account is provided for practicing skills and testing instruments.
Comparison of XTrend Speed with other Brokers
| XTrend Speed | RoboForex | Pocket Option | Exness | Octa | FreshForex | |
| Trading platform |
Micro Trading (Xtrend), STrader (XTrend Speed), MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MobileTrading |
| Min deposit | $10 | $10 | $5 | $10 | $25 | No |
| Leverage |
From 1:1 to 1:300 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
50% / 50% | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 40% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | $30 |
| Cent accounts | Yes | Yes | No | No | No | Yes |
Detailed Review of XTrend Speed
The XTrend Speed broker is a universal broker that is built on technological development by separating mobile trading into a separate division. There is MT4 for active traders working with algorithmic and manual strategies. There is a possibility to add custom indicators on the platform. STrader is the broker's platform with a non-standard approach to the transaction volume from $2 in monetary terms. STrader also has a built-in social trading service.
XTrend Speed by the numbers:
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More than 1 million active customers in 170 countries.
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Over 20 thousand new accounts are opened daily. This proves the activity of existing clients and the interest of newcomers to the broker.
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Over 10 liquidity providers, providing narrow spreads, including in moments of high volatility.
XTrend Speed is a classic and mobile trading platform for novice traders and professionals
XTrend Speed is a company that tries to follow the path of technological development. The STrader platform integrates an end-to-end order processing mechanism that aggregates and instantly distributes traders' orders among existing response offers in the Depth of Market. The neutral order distribution model allows even the smallest trades of a few USD to be executed at less than 40ms, with a market average of 100-300ms.
The mobile version, represented by Xtrend — a separate brand, has reduced functionality. The number of assets is limited to 7 currency pairs, VTS, and 4 metals. The availability of CFDs on copper and nickel is a kind of advantage because these metals at the classic Forex brokers are rare. But the range of assets is still far from great. Also, it is not known whether it will expand. There is no algorithmic trading, the set of indicators is a standard set for mobile software. There is no information about the speed of transaction processing, but much depends on the mobile internet and the characteristics of the device (smartphone, tablet).
XTrend Speed useful services:
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Signals service. Shows the presumed trend direction for the main trading assets, the time of the signal update, and its strength.
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Economic calendar. A list of the main fundamental news that has the greatest influence on the quotes.
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A heat map of major currency pairs shows a comparative analysis of price changes over a fixed period.
Advantages:
The average order execution speed is less than 42 ms.
Micro Trading's unique mobile trading platform is trading on the go.
Optimal terms for the start: $10 on the XTrend Speed platform and $50 on the Xtrend mobile platform. Leverage is up to 1:300;
Licenses from leading regulators (South Africa, Cyprus). Deposit insurance for XTrend Speed and Xtrend traders.
Demo accounts are available for both platforms. The Xtrend platform has a basic $200 for training.
User Satisfaction