XTrend Speed Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of XTrend Speed trading signals. You will learn what kinds of trading signals XTrend Speed offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | USD, EUR, GBP |
| 🚀 Minimum deposit: | From $10 (from $50 for Xtrend) |
| ⚖️ Leverage: | From 1:300, depending on the asset |
| 💱 Spread: | From $0.04 for the minimum order |
| 🔧 Instruments: | Currency pairs, shares, indices, metals, oil, and cryptocurrencies. |
| 💹 Margin Call / Stop Out: | 50%/ no information |
XTrend Speed Pros and Cons
👍 Advantages of trading with XTrend Speed:
•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.
👎 Disadvantages of XTrend Speed:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
XTrend Speed Trading Signals
The experts at the Traders Union analyzed the trading terms and tariff policy of the XTrend Speed broker and its Xtrend mobile division. The analyses noted a lack of transparency in the formation of the overall client commissions. In particular, the website of XTrend Speed has no clear information about spreads and withdrawal fees. Xtrend's website lists the commission for withdrawal and provides a tariff grid: from 0.04 USD for Forex; from 0.4 USD for Gold and Silver, etc. Based on the bid/ask prices at the XTrend Speed website, we can conclude that for the EUR/USD pair the spread is from 0.4-0.5 pips.
| Account type | Spread (minimum value) | Withdrawal commission |
| МТ4/STrader | from $4 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that XTrend Speed does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.