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
- $250
- MetaTrader5
- Any strategies are allowed
- no lot size limits
- Up to 1:500
Our Evaluation of XLTRADE
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
XLTRADE is a prop trading firm with higher-than-average risk and the TU Overall Score of 3.56 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XLTRADE clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable partner with better conditions, as, according to reviews, many clients of this firm are not satisfied with the company’s work.
XLTRADE is a prop trading firm that provides funding to traders who have proven their ability to manage risks and trade with a certain ratio of profit and drawdown. The choice of plans, as well as trading instruments, is very diverse.
Brief Look at XLTRADE
XLTRADE is a prop (proprietary trading) firm that has been providing funding services in the Forex market since 2014. It offers a wide range of accounts with capital of up to $1 million. However, the most successful clients are practically unlimited in the amount of capital placed under their management. XLTRADE is registered in the British Virgin Islands, has representative offices in Europe and Asia, and cooperates with professional clients across the globe. XLTRADE is one of the very few prop operations holding an international broker, deposit, and investment license. This provides a high level of security for our trading accounts.
- wide choice of financial instruments for trading;
- 90% weekly profit payout;
- variety of plans and accounts with balances from $50,000 to $1 million;
- no limits on trading styles and strategies;
- access to trading with up to 1:500 leverage;
- XLTRADE maintains the Metatrader license despite strict compliance;
- highly dedicated support team.
- discounted subscription costs from $250, which is higher than other prop firms.
TU Expert Advice
Author, Financial Expert at Traders Union
XLTRADE is a proprietary trading firm providing diverse account types, including demo and several levels of funded accounts up to $5 million. It grants access to an extensive selection of trading instruments, encompassing Forex, stock indices, stocks, and commodities, using the MetaTrader 5 platform. XLTRADE offers significant leverage up to 1:500 and supports a variety of trading strategies, including algorithmic trading with bots and robots. The firm prioritizes proper risk management over performance and supports traders with educational resources and a dedicated support team.
However, traders face drawbacks such as a higher minimum deposit of $250 and limited withdrawal methods, excluding popular PayPal or Skrill. Identity verification is mandatory, and client support's efficacy is reportedly inconsistent. XLTRADE is registered in the British Virgin Islands, which may imply fewer regulations, potentially making it less suitable for traders who prioritize stringent regulatory oversight. While offering distinct advantages, XLTRADE may best suit experienced traders comfortable with higher-risk environments and those needing substantial capital for trading.
XLTRADE Summary
| 💻 Trading platform: | MetaTrader 5 (desktop, mobile) |
|---|---|
| 📊 Accounts: | Demo, 50k lite, 100k lite, 500k lite, 1M lite, 1M Experience, Accelerated, Non-Evaluation Account |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: |
Deposits: Wire Transfer, Visa, MasterCard, Maestro, American Express, cryptocurrencies Withdrawals: Wire Transfer only |
| 🚀 Minimum deposit: | 250 USD |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | From 1 pip |
| 🔧 Instruments: | Forex, equity indices, stocks, cryptocurrencies, metals, commodities |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Proprietary providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | Any strategies are allowed; no lot size limits |
| 🎁 Contests and bonuses: | Yes |
XLTRADE offers accounts and funding for trading more than 20 Forex and CFD market instruments. Clients can trade with leverage and use advisors, bots, and robots for algorithmic trading. XLTRADE does not cooperate with electronic payment systems, such as Neteller, Skrill, or PayPal, but accepts payments from debit and credit cards issued by banks worldwide.
XLTRADE Key Parameters Evaluation
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Challenge rules and pricing
XLTRADE provides access to funding up to $5 000 000, with challenges requiring at minimum of 30 trading days. The entry-level plan starts at $320, and the fee is refundable if the challenge is successfully completed.
- Free demo account available
- Instant funding available
- Free evaluation option available
- Minimum trading period required
- Above-average entry cost — from $320
XLTRADE Challenge fees and plans
We compared XLTRADE’s challenge plans by key parameters including pricing, profit targets, loss limits, and managed capital.
Available Trading Plans
| Trading Plans | Managed amount, USD | Price, $ | 1 step profit target, $ | Daily loss,% | Max. loss, % |
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| Pro 2 |
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| Lite 1 |
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| Lite 2 |
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What’s the minimum trading period for XLTRADE’s challenge?
A minimum of 30 trading days is required, regardless of how quickly you reach the profit target.
Does XLTRADE offer a free evaluation?
Yes, XLTRADE offers a free evaluation option. However, conditions may vary, so we recommend checking the latest details on the company’s official website.
Is instant funding available at XLTRADE?
Yes, XLTRADE offers instant funding. Details may vary by plan, so we recommend checking the latest terms on the company’s official website.
Trading rules
XLTRADE outlines the main rules for funded accounts, including a max. loss of 10% and a daily loss limit of 0%. The firm also restricts certain trading strategies, which are detailed below.
- Flexible leverage up to 1:500
- Scalping allowed
- Trading bots (EAs) allowed
- Copy trading not allowed
XLTRADE trading conditions
We compared XLTRADE’s leverage and trading conditions with competitors to help you better understand how it measures up.
| XLTRADE | Hola Prime | SabioTrade | |
| Max. loss, % | 10 | 5 | 6 |
| Max. leverage | 1:500 | 1:100 | 1:30 |
| Weekend close rule | No | No | No |
| Mandatory Stop Loss | No | No | No |
| Trading bots (EAs) | Yes | Yes | Yes |
| News trading | Yes | Yes | Yes |
| Scalping | Yes | No | Yes |
| Copy trading | No | No | No |
Deposit and withdrawal
XLTRADE earned a Medium score based on how smoothly and conveniently traders can deposit and withdraw funds.
The deposit and withdrawal options at XLTRADE meet most standard requirements and are in line with what many prop firms provide.
- Bank сard deposits and withdrawals
- Weekly payouts
- Supports bank wire transfers
- Payoneer not supported
- BTC payments not supported
Deposit and withdrawal options
To help you evaluate how XLTRADE performs, we compared its deposit and withdrawal methods with those of two competing proprietary trading firms.
XLTRADE Payment options vs Competitors
| XLTRADE | Hola Prime | SabioTrade | |
| Bank Card | Yes | Yes | Yes |
| Bank Wire | Yes | No | No |
| Crypto | No | Yes | Yes |
| PayPal | No | Yes | No |
| Wise | No | No | No |
| Payoneer | No | No | No |
| Skrill | No | No | No |
| Neteller | No | No | No |
Profit withdrawal frequency
We compared XLTRADE with other prop firms based on how frequently traders can withdraw their profits: on demand, weekly, or monthly. Firms that allow more frequent payouts offer greater flexibility and quicker access to earnings.
| XLTRADE | Hola Prime | SabioTrade | |
| On demand | No | No | Yes |
| Weekly | Yes | Yes | No |
| Biweekly | No | Yes | No |
| Monthly | No | Yes | No |
What base account currencies are available?
XLTRADE offers the following base account currencies:
Trading Account Opening
Access to user accounts is only granted to clients of the company in the website section called “Trader Area”. To log in, you need to enter your email address and a unique 9-digit trader code. To get the code, take the following steps:
Go to the XLTRADE official website and click “Get Started” to see a list of programs available in your region.
Click a program of your choice, then click the green “Get Started” button.
Fill out the registration form. A guest access password will be sent to you by email.
Enter the password in the application for participation in the funding program. Within 24 hours after you fill out the application and pay for the plan, the company will send you a 9-digit code for logging in to Trader Area.
Regulation and safety
XLTRADE is a trade name of the CHIMARA Ltd proprietary trading firm. It is registered as a private limited company in the British Virgin Islands. XLTRADE is one of the very few prop operations holding an international broker, deposit, and investment license.
XLTRADE does not offer brokerage services but provides its own capital to be managed by its clients. This type of business does not require regulation.
Advantages
- Segregated trading accounts
- Negative balance protection
Disadvantages
- Identity verification is required
- The company is not responsible for the violation of the terms of service by brokers
- Disputes are resolved without the participation of third parties
Markets and tradable assets
XLTRADE has a score of 7/10, reflecting a strong variety of markets and assets available for trading.
- Forex trading supported
- Stock trading allowed
- Indices available
- Options not supported
- Crypto trading unavailable
Tradable markets
We compared the range of tradable instruments offered by XLTRADE with two leading competitors to highlight the differences in market access.
| XLTRADE | Hola Prime | SabioTrade | |
| Futures | No | No | No |
| CFDs | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes |
| Options | No | No | No |
| Stocks | Yes | No | No |
| Crypto | No | Yes | Yes |
| Indices | Yes | Yes | Yes |
Investment Options
XLTRADE company does not offer its own investment solutions because it does not operate in this field. But at the same time, its clients can use any trading style, including those bringing passive income.
XLTRADE provides the МТ5 platform, so traders can earn on copy trading. They can also use other trading automation tools, such as expert advisors (EAs), robots, and bots. The company does not recommend concrete solutions. Traders choose signal providers and trading software developers at their own discretion.
XLTRADE transmits trade signals that can be used to make trades. Clients that sign up for accounts with funding from $500,000 get signals for free. The rest of the traders have to make a one-time $2,690 deposit to subscribe for signals.
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.
XLTRADE’s affiliate program
The company offers individual partnership conditions to every client. To participate in the affiliate program, you have to provide information about your experience in Forex trading and the number of your subscribers on social media. You also have to provide a link to the website or resource where you are planning to promote the XLTRADE brand.
Customer support
Support service answers general questions of traders. If a potential client is interested in trading terms, they have to install the MT5 platform and open a demo account on it.
Advantages
- Support can be contacted by phone
- Messages to the company’s email can be sent any day of the week
Disadvantages
- No online chat
- Operators’ responses provide little helpful information
Traders can get support:
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by phone;
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by email.
Evaluation of tech support’s work by email has shown that this is the company’s weakness. Operators replied within 3-5 hours with clichés and chunks of text copied from the website.
Contacts
| Foundation date | 2016 |
|---|---|
| Registration address | CHIMARA Ltd, Mill Mall Tower, 2nd Floor, Wickhams Cay 1. PO Box 4406 – Road Town, Tortola, British Virgin Islands |
| Official site | https://www.xltrade.net/ |
| Contacts |
+44 (0) 203 290 8808
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Education
XLTRADE company has its own academy that teaches traders to trade in the Forex market professionally. Free lessons are only available to holders of 500k lite and 1M Experience accounts. For other clients, the subscription costs $2,690.
XLTRADE offers four types of education for: beginners, experienced traders, Forex trading experts, and a cryptocurrency course.
XLTRADE does not just use Discord as a communication platform with all the known disadvantages for users. They utilize our own sophisticated communication platform for highest user satisfaction and security.
Comparison of XLTRADE to other prop firms
| XLTRADE | FundedNext | Hola Prime | SabioTrade | The Trading Pit | Lark Funding | |
| Trading platform |
MetaTrader5 | MetaTrader4, MetaTrader5, cTrader | MetaTrader5, Match Trader, DXTrade, cTrader | Exclusive QuadCode trading platform (web, mobile app, desktop) | MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER | cTrader, DXTrade |
| Min deposit | $250 | $32 | $48 | $119 | $99 | $60 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
From 1:1 to 1:30 |
From 1:1 to 1:50 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1 point | From 0 points | From 0.1 points | From 0.9 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No | No | 100% / 50% | No | 110% / 100% |
| Order Execution | Market Execution | N/a | Market Execution | Market Execution | No | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed review of XLTRADE
XLTRADE provides funding to experienced Forex traders across the world. The company only has requirements for the yield and drawdown. With XLTRADE, you can trade over 65 currency pairs, popular stock indices, precious metals, oil and gas, as well as CFDs on stocks of more than 100 European and American companies and currency pairs with 19 cryptocurrencies. Funded clients do not have to cover losses from failed trades: the company covers them.
XLTRADE by the numbers:
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over 9 years of operation in prop trading;
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maximum funding amount for one trader is $5 million;
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clients get 90% of the profit they make;
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some elite traders manage over $120 million.
XLTRADE is a prop firm with an unlimited funding amount
Every trader can have up to five accounts with a maximum balance of $1 million. You can trade on all accounts at the same time by using the copy trading feature. If you get real capital from XLTRADE, your trading accounts are united into one user account, which allows you to manage up to $5 million. Funded clients with elite status get access to unlimited capital. To become such a client, you have to successfully trade on a real account with a balance of $1 million. Any trading style with moderate risk is permitted.
XLTRADE uses advanced software and does not accept obsolete trading platforms that can only be used by brokers with earlier obtained licenses. Clients are provided with the MetaTrader 5 (MT5) platform. It can be installed on a computer (desktop version) or smartphone (mobile app).
XLTRADE provides an excellent variation of funding concepts that includes
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PRO Accounts
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One-step LITE Accounts
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INSTANT FUNDING
XLTRADE’s useful services:
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Blog. In this section, you can find advice and recommendations on how to succeed in Forex trading;
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Top Leaders. A rating of 10 most successful XLTRADE clients, who got $500,000 or more under management, with examples of their trading statistics (correlation of profits/losses and account balance).
Advantages:
no lot size limits;
automated trading with the use of signals from third-party providers, EAs, and robotized algorithms;
user account approval takes no more than 24 hours;
subscription for cryptocurrency funding;
company representatives can be contacted by phone.
The complete absence of trading restrictions means that traders can apply any strategy, including news trading, mid-term and long-term trading, holding positions open at weekends, etc. Hedging is also allowed.
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