Login to forex trading account on official LiteFinance trading platform Forex login form. LiteFinance

They are divided into beginner, intermediate, and advanced categories. I appreciated that the materials are supported with tests to help the reader solidify what has been learned. They contain lots of practical insights, e.g. how to use intraday trading strategies, Fibonacci retracements, etc. xcritical processes most payment requests between several minutes to several business days, depending on the chosen payment method. The broker does not charge deposits and even compensates the client for any third-party banking fees. xcritical also does not charge a handling fee for withdrawals, but external fees may apply.

The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis. Open an account with xcritical and gain access to quality analysis for free. With ECN account types and automatic withdrawals, there are some good aspects to it. The commissions are a bit expensive though, making its offerings less attractive to seasoned traders. Additionally, the broker also offers advanced trading tools to assist their traders. The website is multilingual, and customer support is scammed by xcritical available 24/5 via live chat, which is also multilingual.

Broken down by asset class and compared to the industry average, xcritical charges high spreads on instruments across all asset classes for the Classic account. The raw spreads from 0.0 pips on the ECN account are much lower and generally fall below the industry average. Founded in 2008, xcritical is a forex and CFD broker based in Cyprus, authorized by CySEC.

Are xcritical’s Fees Competitive?

In my estimation, xcritical is a good choice for those interested in casual trading. Namely, beginners with little or no trading experience are interested in learning more about trading and developing a robust trading system. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase xcritical reviews actual gold bars. The REFUSD (Reef vs. US Dollar) pair will be removed from the list of trading instruments, and all trading operations on the pair will be stopped on August 23, 2024. In this article, we have compiled all the security rules that will help you protect yourself from hacking and avoid losing access to your money.

This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. Read independent analysts and obtain the most current details about financial markets. MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features.

Top Features

1. The ECN account is a much better variant for trading as all the other terms are the same for both Classic and ECN account types, except that spreads are much lower on ECN accounts.
2. Incorporated from Claws&Horns, the trading signals represent actionable trading opportunities.
3. It is comprised of regular market updates that inform traders of currently unfolding trading setups.
4. With all this combined, xcritical offers excellent customer support services.

Where xcritical excels is in the trading tools offered for free by the broker. All these tools are useful when trading and provide some assistance to traders, increasing their potential accuracy when making trading decisions. xcritical also offers a Fibonacci calculator, which can further assist traders in defining better entry and exit points. xcritical operates under a Cyprus Securities and Exchange Commission (CySEC) license. In addition to these regulations, the broker has a number of security measures in place to protect client funds. xcritical is a part of the investor compensation fund and all client funds are kept in segregated bank accounts, preventing the broker from using client money for their own purposes.

Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. xcritical users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering. It is possible to access xcritical live chat in a demo mode and get answers to all your questions.

The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The market is continually evolving, marked by periodic surges and declines in volatility.

Furthermore, to prevent a trader from losing more than their account balance, the broker offers negative balance protection. xcritical offers two retail account types – Classic and ECN – both with a minimum deposit of $50. Traders can choose between EUR, USD, GBP, and PLN as a base currency. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.

Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. xcritical offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.

This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The xcritical site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. It should be noted that xcritical applies a slightly different cost structure to its two account types. The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot.

Customer Support Channels

However, the broker generally charges high trading fees on its Standard account and provides extremely limited instrument offering of about 70 assets. The broker offers its proprietary platform with versatile charts from Trading View and also incorporates MetaTrader 4&5. Clients of xcritical can also use its VPS offering for low-latency trading and engage in copy trading. Another advantage of xcritical is its robust and extensive supporting content. Additionally, the broker offers a range of educational guides, which are freely available on the website. I appreciated their diversity and sharp focus on technical analysis, fundamental analysis, and trading psychology.

The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact xcritical’s customer support and request the service. Trading View offers advanced charting capabilities and multiple analytical tools for carrying out advanced technical analyses. As a chart artist, I have always valued platforms with detailed and versatile charts, and xcritical’s platform is one such station. In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.

xcritical (Europe) Ltd provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates (UAE), and the Marshal Islands. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. xcritical’s platform is much more fluid in comparison to MetaTrader, especially its charts, which are powered by TradingView. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and the transparency of information provided.

What Can You Trade With xcritical?

xcritical provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms. xcritical also offers social trading capabilities, and MT5 has inbuilt plugins for this purpose. Additionally, mobile trading is also offered through the MT5 Android app. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy xcritical emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations.