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5,0%
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0,5%
Top 100
0,2%
Top 100+
0,05%
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XLTRADE Review 2024
Minimum
deposit:
deposit:
- $250
Trading platform:
- MetaTrader5
Minimum
deposit:
deposit:
- $250
Trading platform:
- MetaTrader5
Trading features:
- Any strategies are allowed
- no lot size limits
Leverage:
- Up to 1:500
Summary of XLTRADE Trading Company
XLTRADE is a prop trading firm with higher-than-average risk and the TU Overall Score of 4.75 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 ranks 31 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
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.
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5.7
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5.28
/10
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6.68
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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.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | 250 USD |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | From 1 pip |
| 🔧 Instruments: | Forex, equity indices, stocks, cryptocurrencies, metals, commodities |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with XLTRADE:
- 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;
- subscription discounts for new user accounts;
- demo accounts.
👎 Disadvantages of XLTRADE:
- discounted subscription costs from $250, which is higher than other prop firms;
- XLTRADE clients cannot trade on the МТ4 platform;
- the company’s website does not provide online chat, free education for beginners, or analytics.
Evaluation of the most influential parameters of XLTRADE
Geographic Distribution of XLTRADE Traders
Popularity in
84.1%
US
9.9%
DE
3%
Others
User Satisfaction i
3 comments
Total score:
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32 weeks ago
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1 year ago
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1 year ago
Expert Review of XLTRADE
To complete the evaluation and receive funding from XLTRADE company, you must achieve performance targets without going below an acceptable drawdown level. The evaluation consists of two stages and lasts for 60 days, but its duration can be reduced to 30 calendar days. To that end, a trader has to demonstrate flawless trading, i.e., evenly distribute trades during this period and keep the risk level at no more than 1%.
XLTRADE is special in that it does not have requirements for the minimum number of trading days. Capital is placed under the management of only those traders who demonstrated reasonable risk control during the evaluation stages. It is the proper risk management, not the general effectiveness and profitability, that is XLTRADE’s priority.
Every client of this company has the right to a free repetition of the evaluation if they make money by the end of a stage, but the percentage of their profits is less than 10% of the account balance. Moreover, all traders that have proven their professionalism and gotten the funding receive full reimbursement of the plan cost.
Dynamics of XLTRADE’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
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.
Important!
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.
Trading Conditions for XLTRADE Users
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.
$250
Minimum
deposit
1:500
Leverage
24/7
Support
| 💻 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 |
| 💵 Replenishment / 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 |
| 💱 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 |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Any strategies are allowed; no lot size limits |
| 🎁 Contests and bonuses: | Yes |
Comparison of XLTRADE to other prop firms
| XLTRADE | Topstep | FTMO | Funded Trading Plus | Funded Next | OneUp Trader | |
| Trading platform |
MetaTrader4 | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MetaTrader4 | Ninja Trader, RTrader, iTrader, Photon, QScalp |
| Min deposit | $250 | $1 | $155 | $119 | $99 | $125 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:1 |
| 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 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | Market Execution | ECN | Instant Execution | Market Execution | N/a | No |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| XLTRADE | Topstep | FTMO | Funded Trading Plus | Funded Next | OneUp Trader | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | No | Yes | Yes | No | No |
| CFD | Yes | No | Yes | Yes | No | No |
| Indexes | Yes | No | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
XLTRADE Commissions & Fees
Information
Traders trade on XLTRADE-funded accounts with variable spreads from 1 pip (EUR/USD). Fees on lots also apply. They are $7 on currency pairs and $0.04 on stocks. XLTRADE commissions are subscription payments (charged once) and 10% of a client’s profit. The company does not charge deposit or withdrawal fees, but funds are transferred through banks, which may collect charges.
| Account type | Spread (minimum value) | Withdrawal commission |
| All account types | From $10 | Charged by banks |
Swaps are charged on real accounts for keeping positions open overnight. For example, for the EUR/USD pair, the swap long is –5.95 pips and the swap short is –0.5 pips. Positive swaps long apply for USD/CHF and AUD/CHF pairs, as well as US S&P 500 and Euro Stoxx 50 indices.
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:
-
over 9 years of operation in prop trading;
-
maximum funding amount for one trader is $5 million;
-
clients get 90% of the profit they make;
-
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’s useful services:
-
Blog. In this section, you can find advice and recommendations on how to succeed in Forex trading;
-
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:
1
no lot size limits;
2
automated trading with the use of signals from third-party providers, EAs, and robotized algorithms;
3
user account approval takes no more than 24 hours;
4
subscription for cryptocurrency funding;
5
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.
Guide on how traders can start earning profits
XLTRADE offers 5 types of evaluation programs. They all consist of 2 stages, each lasting for 30 days. Requirements under all programs are the same: you have to earn 10% of the deposit amount and the drawdown has to be no more than 5%. Plans differ in funding amount and cost. Payment for subscription is made once. If you buy a subscription within 14 days of registration, you will get a 20% discount. After the successful completion of both evaluation stages, you get access to trading with real funds.
Account types:
Account Type
Description
50k lite
Regular cost: $320; discounted cost: $250. After completing the evaluation, a trader gets $50,000 of capital.
100k lite
Funding under this program is $100,000. Regular price: $790; discounted price: $630.
500k lite
Opening an account with a deposit of $500,000 costs $1,990 or $1,590 at a discount.
1M lite
To get $1 million under management, you need to pay $3,690. If you buy the subscription within two weeks of registration, the fee will be reduced to $2,990.
1M Experience
is a program with unique conditions. You pay $2,190 (or $1,750 at a discount) and get an evaluation account with a virtual deposit of $100,000. After the successful completion of the evaluation, you will be provided with a real account with the same deposit. If you make a 10% profit in the next 30 days, the company will increase your deposit to $200,000. In 30 more days, it will be $500,000 and then $1,000,000.
Accelerated
is an account for traders who want to trade on their own terms without drawdown requirements or limits on the amount of capital they manage. On an Accelerated account, the total amount of open positions can exceed the deposit.
Non-Evaluation
is an account that lets you start trading with real money without being evaluated. To cover potential losses, the company demands that a trader deposit a margin of 8% of the funding amount (the percentage may change). This amount is blocked for 90 days. If after the probation period, the trader earns at least 15% of the initial account balance, the funds will be unblocked. If maximum drawdown requirements are not met, the company will cover its losses at the expense of the margin.
Before paying for participation in the funding program, traders can test the trading terms on an MT5 demo account.
XLTRADE offers a wide range of plans that differ in cost and amount of funding. The benefit for professional traders is that they can start trading with real money on the day that the user account is approved and the margin amount is deposited.
Investment Education Online
Information
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.
Information contained in the Academy section
What is not on the XLTRADE website
Features of the MetaTrader platform and mobile version of МТ5
Free educational articles for beginners
Market research: technical analysis, analytical articles, and trade signals
Financial news
Advanced calendars of crypto and economic events
Electronic books for beginners, experienced market participants, and crypto traders
XLTRADE offers four types of education for: beginners, experienced traders, Forex trading experts, and a cryptocurrency course.
Security (Protection for Investors)
Information
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 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
Withdrawal Options and Fees
-
clients can withdraw 90% of the total amount of earned profit;
-
requests for funds withdrawal are submitted every Friday. You can request the whole amount or part of it;
-
the company transfers money to bank accounts. Other methods are unavailable;
-
profit is paid out within 24 hours of request approval.
Customer Support Service
Information
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:
-
by phone;
-
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 |
Email:
contact@xltrade.net,
Phone: +44 (0) 203 290 8808 |
Review of the Personal Cabinet of XLTRADE
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:
1
Go to the XLTRADE official website and click “Get Started” to see a list of programs available in your region.
2
Click a program of your choice, then click the green “Get Started” button.
3
Fill out the registration form. A guest access password will be sent to you by email.
4
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.
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FAQs
How do client reviews impact XLTRADE rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about XLTRADE you need to go to the company's profile.
How can I leave a review about XLTRADE on the Traders Union website?
To leave a review about XLTRADE , you need to register on the Traders Union website.
Can I leave a comment about XLTRADE if I am not a Traders Union client?
Anyone can post a comment about XLTRADE in any review about the company.
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