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
- $5
- MT4
- MT5
- 2010
Our Evaluation of XtreamForex
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
XtreamForex is a moderate-risk broker with the TU Overall Score of 5.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XtreamForex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
XtreamForex offers competitive conditions, positioning itself as one of the leaders in the segment. Traders gain access to hundreds of assets across four groups, and high leverage increases profit potential. Narrow raw spreads and no commissions on base accounts reduce trading costs, while PAMM accounts and the copy trading service enable passive earnings. Muslims can register swap-free accounts and trade on common terms. Traders work with powerful and functional MT terminals, and the broker imposes no trading restrictions. Lastly, the broker provides quality educational courses and up-to-date analysis.
Brief Look at XtreamForex
ECN broker XtreamForex offers hundreds of currencies, cryptocurrencies, stocks, and indices for trading. Traders can work on the MT4 and MT5 trading platforms, with leverage available up to 1:1000. There are no trading commissions on Micro and Standard accounts, while ECN (Electronic Communication Network), ECN Pro, and VIP accounts receive raw spreads. In addition to the five main account types, there are free demo and Islamic accounts without swap fees. Accounts differ in maximum trade volume, leverage, bonuses, and additional options. The account currency is U.S. dollars. XtreamForex offers passive investment opportunities through PAMM accounts and a copy trading service. However, there is no referral program for individual traders (it is only available for corporate partners). The company's website provides basic tools for technical and fundamental analyses, including newsfeeds and an economic calendar. The broker offers quality education, including courses for beginners and webinars with experts for experienced traders, as well as unique materials for advanced players.
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- Free demo account; the minimum deposit is $5 and spreads and commissions are below the market average.
- There are five real accounts, plus an Islamic account (without swap fees), with leverage up to 1:1000.
- Floating spreads starting from 0 pips, raw spreads available, unlimited trade volume on its VIP accounts.
- No restrictions: scalping, hedging, bots, and advisors are allowed.
- Trading is conducted through MetaTrader trading platforms, which can be installed on a computer or smartphone.
- Traders can earn passively through the copy trading service and PAMM accounts.
- Technical support responds in 11 languages and is available 24/5.
- Trading conditions (spreads, leverage, order size, etc.) heavily depend on the account type.
- The broker offers alternative earning options but does not have a referral program for individuals.
- Technical support is competent and responds quickly but is unavailable on weekends.
TU Expert Advice
Financial expert and analyst at Traders Union
The ECN broker XtreamForex is well-known in the global market (note that TU is not referring to the brand Xtream Markets Ltd). Rough estimates put the number of accounts at around 2.5 million, some of which may not be active. The platform's popularity is due to its favorable trading conditions, numerous additional earning opportunities, and quality education. Additionally, the broker is regulated and operates transparently. Research has not uncovered any instances of the broker failing to fulfill its obligations to clients, and it has never been hacked.
There are five standard account types, plus a demo account. Traders who adhere to Islam can convert their Micro, Standard, and ECN accounts to a swap-free mode, while for other account types, this issue is resolved on an individual basis. Overall, the conditions are standard, but in certain aspects, XtreamForex outperforms most of its competitors. For example, on ECN, ECN Pro, and VIP accounts, raw spreads start from 0 pips, and there is no trading commission on Micro and Standard accounts. Market execution is guaranteed regardless of the account type. The minimum deposit is only $5, and the order size ranges from 0.01 to unlimited.
Also, many brokers promote their trading platforms or enter agreements with developers of less popular solutions. XtreamForex did not reinvent the wheel and offers its clients MetaTrader 4 and MetaTrader 5 trading platforms. These are the most in-demand terminals that can be customized and adapted to the specific needs of each user. The broker does not impose restrictions on trading styles and strategies. Considering the variety of assets, one can build an excellent diversified portfolio. And leverage ranging from 1:200 to 1:1000 effectively increases profit and risk potential.
Finally, PAMM accounts and copy trading allow the broker's clients to earn passively through the decisions of more experienced colleagues. XtreamForex also provides access to unique educational materials. These are not just FAQs. Full-fledged courses have been developed for beginners. As for the platform's drawbacks, they include a significant dependence on trading conditions on certain account types, the absence of a referral program, and the unavailability of client support on weekends. These are indeed constructive drawbacks; however, an expert assessment has shown that they are more than compensated for by the broker's many advantages.
XtreamForex Trading Conditions
| 💻 Trading platform: | MT4, MT5 |
|---|---|
| 📊 Accounts: | Demo, Micro, Standard, ECN, ECN Pro, VIP |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Visa/MasterCard, BTC cryptocurrency wallet, Skrill, Neteller, wire transfer, and other transfer systems |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, stocks, indices |
| 💹 Margin Call / Stop Out: | Yes |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | No |
| ⭐ Trading features: | Demo and five real accounts, three swap-free account options for Muslims, tight spreads and low commissions, PAMM-accounts and copy trading with flexible parameters, work through MT4/5 trading platforms, no commission for deposit/withdrawal of funds |
| 🎁 Contests and bonuses: | Yes, such as welcome bonuses, trading bonuses, Trade and Win, and rebates from TU |
The minimum deposit depends on the account type. For example, to open a Micro account, a minimum deposit of $5 is required. For Standard and ECN accounts, the minimum amount is $250, for ECN Pro, it’s $5,000; and for VIP, it’s $20,000. Accounts that require higher deposits offer more opportunities, but they are not always advisable. For instance, the maximum leverage of 1:1000 is only available on the Micro account, while on ECN Pro and VIP accounts, the trading leverage is limited to 1:200. This is still a high value, but it is 5 times lower than on the Micro account. That's why it's important not to rush the choice and not give obvious priority to the "more expensive" accounts. Client support works the same for all traders, and you can contact them through the call center, email, and LiveChat. Please note that managers are unavailable on weekends, but they work even during the night on weekdays.
XtreamForex Key Parameters Evaluation
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Trading Account Opening
To start collaborating with the broker, you need to register and undergo verification on their official website. Then you need to open a real account and make a deposit. The experts at TU have prepared a step-by-step guide on registration and the features available in the XtreamForex user account.
Your XtreamForex user account also provides access to:
Go to the broker's website. In the top right corner, select the language interface. Click on the "Register" button (highlighted in red).
Choose the account currency (only USD) and its type (personal or corporate). Specify the country of your residence. Choose how you would like to be addressed, and then provide your name, surname, email, and date of birth in the corresponding fields.
Enter your exact residential address along with the postal code. Provide a mobile phone number for communication. If you have a corporate partner referral code, enter it. Agree to the terms of service by checking the box at the bottom. Complete the anti-bot test and click "Create Account".
You will receive an email to the provided address with a link to activate your user account. Click on the link. Then you will receive another email with your login and password. Use this information to log in to your user account on the website.
In your user account, upload photos/scans of documents that confirm your personal information. Wait for the verification process to be completed, then select the account type and make a minimum or higher deposit. Follow the on-screen instructions. Now you can download your preferred trading platform and start trading.
Your XtreamForex user account also provides access to:
Dashboard. Includes summarized data on active accounts and frequently used functions.
Funding. Here, traders can deposit funds, create a withdrawal request, and perform internal transfers.
Trading accounts. In this section, you can open/close a demo or real account.
Platforms. This section contains links to download the MT4 and MT5 trading platforms.
Xtream copy trading. This section allows registration for the service and monitoring of its performance.
Register as a partner. This function is intended for institutional accounts.
Education. Here, you'll find educational materials, expert forecasts, and tools.
Client service. Functionality for creating standard tickets.
Feedback. A section for direct communication with support specialists and submitting inquiries.
Settings. In this section, traders enter personal information and define account security parameters.
Notifications. This function displays all significant events related to active accounts.
LiveChat. Traders can contact broker managers at any time on weekdays
Open demo. This function allows you to get a free demo account with just one click.
Regulation and safety
XtreamForex has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 15 years
- Not tier-1 regulated
XtreamForex Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
XtreamForex Security Factors
| Foundation date | 2010 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker XtreamForex have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of XtreamForex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, XtreamForex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
XtreamForex Standard spreads
| XtreamForex | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
XtreamForex RAW/ECN spreads
| XtreamForex | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with XtreamForex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
XtreamForex Non-Trading Fees
| XtreamForex | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
The first step is to choose the account type that’s best for you. The Micro account is more suitable for beginners, while the Standard and ECN accounts offer versatile conditions, and the ECN Pro and VIP accounts are often preferred by professionals with larger capital. Second, the MT4 and MT 5 trading platforms have conceptual differences, but both can be extensively customized, so it is advisable to rely on subjective preferences here. Third, consider the availability of additional features. For example, XtreamForex provides free VPS, deposit bonuses, and trading bonuses. However, each of these promotions has conditions that need to be reviewed to assess the usefulness of connecting to a specific option. Also, consider the deposit and withdrawal channels. The broker does not charge commissions, but fees may be imposed by other parties, such as banks, e-wallets, and online payment systems. Finally, do not forget about the tools offered by the platform, including calendars, calculators, newsfeeds, and analytics.
Account types:
It is optimal to start by opening a demo account to get acquainted with the platform. Then, choose a real account based on your preferred trading requirements. Note that the Micro, Standard, and ECN accounts can be converted to Islamic accounts to trade without swaps.
Deposit and withdrawal
XtreamForex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
XtreamForex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- USDT (Tether) supported
- Minimum deposit below industry average
- BTC available as a base account currency
- Wise not supported
- High minimum withdrawal requirement
- PayPal not supported
What are XtreamForex deposit and withdrawal options?
XtreamForex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
XtreamForex Deposit and Withdrawal Methods vs Competitors
| XtreamForex | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are XtreamForex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. XtreamForex supports the following base account currencies:
What are XtreamForex's minimum deposit and withdrawal amounts?
The minimum deposit on XtreamForex is $5, while the minimum withdrawal amount is $. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact XtreamForex’s support team.
Markets and tradable assets
XtreamForex offers a limited selection of trading assets compared to the market average. The platform supports 168 assets in total, including 60 Forex pairs.
- 60 supported currency pairs
- Crypto trading
- Indices trading
- Copy trading not available
- Bonds not available
XtreamForex Supported markets vs top competitors
We have compared the range of assets and markets supported by XtreamForex with its competitors, making it easier for you to find the perfect fit.
| XtreamForex | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 168 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products XtreamForex offers for beginner traders and investors who prefer not to engage in active trading.
| XtreamForex | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
Technical support is essential for any broker because even experienced traders sometimes encounter situations they cannot resolve on their own. When a client of a company calls or writes to the support team, the specialists must be prompt and competent. If they are not, it can become a reason for the client to switch to a competitor. After all, nobody wants to work with a platform that abandons them in difficult times! That's why XtreamForex has a team of experienced professionals who respond to calls, emails, and LiveChat 24 hours a day, except on weekends.
Advantages
- You can contact customer support even if you don't have an account yet, meaning you are not a client of the broker.
- There are various communication options available, including a call center, email, live chat, WhatsApp, as well as social media platforms.
- The broker's customer support is highly regarded for its responsiveness and competence.
Disadvantages
- It’s important to note that the support team is not available on weekends, so traders will have to handle any issues themselves during those times.
Traders can contact support using the following methods:
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Call center.
-
WhatsApp.
-
Email.
-
LiveChat on the website and in the user account.
The company is represented on the following social platforms: Facebook, Twitter, Instagram, YouTube, and LinkedIn. There you can also contact the managers; and by subscribing to the broker's official channels, you will always be aware of its latest news.
Contacts
| Foundation date | 2010 |
|---|---|
| Official site | https://www.xtreamforex.com/ |
| Contacts |
+35796750500
|
Education
Traders need to practice their skills and learn from colleagues, study theoretical materials, and explore the latest trading methods. Only then will they be successful. Recognizing this, some brokers publish educational programs on their websites. Typically, this includes basic FAQs and a trader's glossary. However, XtreamForex has gone further than most competitors. The platform includes a section that offers literature for beginners, a structured article database, videos on copy trading, PAMM, and other services. The broker also regularly conducts webinars.
As you can see, the broker provides an extensive pool of specialized knowledge. It is noteworthy that there is a separate education section for novice traders. Webinars also hold high value, although unfortunately, some of them are only available to owners of "premium" accounts.
Comparison of XtreamForex with other Brokers
| XtreamForex | Bybit | Eightcap | XM Group | Pocket Option | InstaForex | |
| Trading platform |
MT5, MT4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Pocket Option, MT5, MT4 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $5 | No | $100 | $5 | $5 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 1.2 point | From 0 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 30% / 50% | 30% / 10% |
| Order Execution | No | Market Execution | Market Execution | Market Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
Detailed review of XtreamForex
This platform was established in 2016, registered in the Marshall Islands, and is regulated. It was founded by professional traders, which allowed it to implement the best trading practices, including popular MT4/5 trading platforms, different account types with varying trading conditions, and the ability to choose your own spread and trade commission. XtreamForex does not impose restrictions on traders (excluding PAMM account managers who trade within strict frameworks aimed at minimizing risk). From a technical standpoint, the platform raises no questions as it uses advanced solutions such as a virtual private server (VPS), and traders can even obtain a personal server for free. There is protection against a negative balance and plenty of other useful tools.
XtreamForex by the numbers:
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7 years in the market.
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4 asset groups.
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5 account types.
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0 withdrawal fees.
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technical support is available 24/5.
XtreamForex is an ECN broker with comfortable trading conditions
The comfort of trading is determined by several parameters. First, it offers the opportunity to work with top-notch MT trading platforms that can be easily customized. Second, it provides several account types to choose from with different spreads, commissions, and initial deposits. Third, the platform is transparent and does not have any additional fees, such as no withdrawal fees. Fourth, it offers the possibility of additional earnings through PAMM accounts and copy trading. Lastly, the platform contains high-quality education materials that are presented in various formats which are equally valuable for traders of all levels.
XtreamForex’s analytical services:
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PAMM accounts. Any trader can register as a manager of a joint account or as an investor. Managers earn increased profits by taking a percentage of the investors' income from successful trades, while investors can earn without trading independently.
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Copy trading. Another option for passive income. Investors select signals providers and duplicate their trades on their accounts. The provider retains a percentage of the profits in case of success.
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Trading instruments. A conglomerate of services that includes features like spread and position size calculators, a registry of market-influencing holidays, and an economic calendar.
Advantages:
Low entry barrier: minimum deposit is $5, demo account available, and access to MT4 and MT5 trading platforms.
Minimum restrictions: five account types to choose from, which allows traders to use many trading styles and strategies, including advisors.
Additional income: clients have the opportunity to earn passively through PAMM accounts and copy trading.
Competitive trading fees: spreads start from 0-1.2 pips, with no or below-average commissions in the market.
Expert support: Specialists are available 24/5 through LiveChat, email, and a call center.
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