XtreamForex Broker Review For 2024

XtremForex Broker Review Basics

🏛️ Based in	Majuro, Marshall Islands
⚖️ Regulation	FSC (Financial Services Commission)
💰 Minimum Deposit	$5
💳 Deposit Options	VISA, MasterCard, Bitcoin , Neteller, Skrill, Bank Wire, Online Naira, Pay Trust, & Help to Pay.
💳 Withdrawal Options	VISA, Neteller, Skrill, Bank Wire,FasaPay,Crypto, PayRedeem, Perfect Money, WebMoney, & BitPay.
📌Open an account	Start Trading with XtreamForex

Our Opinion About XtreamForex

XtreamForex provides an intriguing option for traders seeking a reputable global brokerage. Established in 2015, they have built a respectable presence across over 100 countries. While not immune to inherent trading risks, XtreamForex comes across as a valid player based on our evaluation.

Regulation through the Mauritian FSC instills a base level of oversight and accountability. XtreamForex must adhere to auditing, capital adequacy, and transparency requirements dictated by the FSC. This lends a degree of reassurance that client funds and operations are monitored. While the FSC is not as strict as tier-one regulators, their licensing still upholds integrity.

Competitive pricing, bonuses, and tools make XtreamForex an appealing choice to consider. Accounts for all capital sizes provide access starting from just $5. Top-tier ECN accounts cater to high-volume traders with institutional-grade liquidity. Seasoned support and advanced platforms like MT4/MT5 round out XtreamForex’s offering.

Key Benefits

Regulation and Safety

XtreamForex holds a Category 1 Global Business License issued by the Financial Services Commission (FSC) in the Republic of Mauritius. This provides authorization to conduct investment dealing business activities.

The FSC imposes requirements surrounding auditing, accounting, staff competency, and more. Client funds are segregated in leading banks and reporting to the FSC ensures oversight. The FSC also dictates capital adequacy ratios to guarantee sufficient funds on hand.

XtreamForex Broker Review: Legit or Scam?

In our evaluation, XtreamForex comes across as a legitimate broker that adheres to regulatory standards. They hold an FSC license and client funds appear properly segregated. We found no major lawsuits or abnormalities to cause concern. While trading carries some risks, XtreamForex does not exhibit any glaring red flags. Their trading platforms, account options, pricing, and customer service seem in line with the industry overall.

XtreamForexTrading Instruments

XtreamForex provides access to over 6,500 global markets across major asset classes.

• Forex – Major, minor, and exotic currency pairs
• Indices – All major global stock indices
• Stocks – Leading international exchanges
• Cryptos – Top coins like Bitcoin, Ethereum
• Metals – Gold, silver, platinum
• Energies – Oil, natural gas

XtreamForex Account Types

No matter your skill level or capital size , XtreamForex caters to all traders through five account tiers:

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Micro	From 1.2 pips	$5	1:1000	$0
Standard	From 1 pip	$250	1:500	$0
ECN	Raw Spread	$250	1:400	$7 per lot
ECN Pro	Raw Spread	$5000	1:200	$5 per lot
VIP	Raw Spread	$20,000	1:200	$1 per lot

Micro Account

The Micro account is designed for newer traders looking to dip a toe into live markets. The low minimum deposit of just $5 removes barriers to entry. Traders enjoy commission-free trading and ultra-competitive spreads from just 1 pip. While leverage up to 1:1000 is available, restraint is encouraged for less experienced traders. The Micro account is an ideal starting point to hone skills with minimal risk.

Standard Account

For traders looking to graduate from “micro” status, the Standard account bumps up your trading abilities. A reasonable minimum deposit of $250 unlocks higher instant execution volumes. You still benefit from raw spreads from 1 pip and zero commissions. Increased leverage up to 1:500 helps traders magnify positions and profit potential. A Standard account suits both developing traders and veterans appreciative of tight spreads.

ECN Account

Experienced traders with a larger appetite for volume will appreciate the ECN account. Here you gain access to institutional-grade liquidity from top investment banks and other ECNs. The minimum $250 deposit qualifies you for lower spreads from 0 pips during active trading. A transparent commission of $7 per lot traded is applied. Hedging and scalping are allowed to take advantage of short-term volatility. For seasoned traders, the ECN account provides an advanced solution.

ECN Pro Account

For high-volume traders with over $5,000 in capital, the ECN Pro account takes you to the next level. Even lower commissions of $5 per lot enhance efficiency on each trade. The deep liquidity pool accommodates substantial order flow without compromise. Dedicated support caters to your needs as a VIP trader. For large firms or highly active traders, the ECN Pro tier is ideal.

VIP Account

Traders depositing $20,000 or more gain prestigious VIP status with XtreamForex. This top-level account pampers you with premium conditions like spreads from 0 pips and commissions slashed to $1 per lot traded. A dedicated VIP manager handles your needs and inquiries without waiting. Whether an intraday scalper or a long-term position trader, the VIP tier delivers an exceptional trading experience tailored to your specific strategies and needs.

Scalping, Hedging, and EAs Allowed

Unlike some brokers, XtreamForex places no restrictions on scalping, hedging, or the use of Expert Advisors (EAs). Traders are free to deploy any strategy. Short-term scalpers can profit from quick price spikes while hedging lets you offset risk on correlated instruments. Automated EAs allow hands-free trading based on programmed algorithms. The flexibility provides an advantage to active traders.

XtreamForex Bonuses and Promotions:

XtreamForex runs frequent promotions to give traders an added edge. These can boost your account value, earnings, and overall experience when used prudently. Promotions include:

• 100% Deposit Bonus – New XtreamForex traders can earn up to $10,000 in bonus funds by making a minimum deposit. This doubles your starting capital. Meet turnover requirements before withdrawing the bonus.
• Free VPS Hosting – Run your EAs without disruption using a free Virtual Private Server provided by XtreamForex. Prevents platform crashes.
• Daily IB Payouts – Qualified Introducing Brokers earn up to $25 commission per traded lot from referred clients. Withdraw your earnings daily rather than monthly.
• Trade & Win – Hit monthly trading volume targets to be entered into contests to win bonus funds, gadgets, and prizes. Exciting rewards for active traders.

Trading Tools

XtreamForex outfits traders with an array of tools and features to enhance strategy:

• AutoChartist – Scans for technical patterns and signals to identify opportunities.
• Trading Central – Daily forecasts, education, and trade ideas from market experts.
• Economic Calendar – Scheduled events and data releases that impact prices.
• Technical Indicators – 100+ in-built indicators for visualizing trends and momentum.
• VPS Hosting – Optional virtual private server for non-stop trading.

XtreamForex Leverage, Spread, and Commissions

Spreads at XtreamForex begin from 1.2 pips on basic accounts and descend to 0 pips for advanced ECN accounts. This competitive pricing provides favorable trade execution.

Leverage up to 1:1000 is available based on client status. The required margin varies by instrument. Commissions range from $1 to $7 per lot traded across account tiers.

In total, XtreamForex offers flexible pricing tailored to each account type. Tight spreads, low commissions, and fast withdrawals provide a positive trading experience.

XtreamForex Deposits and Withdrawals

XtreamForex aims to make funding your account and withdrawing profits simple and convenient.

• Minimum Deposit – Only $5 is required to open an account. This low barrier accommodates all capital sizes.
• Funding Methods – A wide range of payment methods are accepted including credit/debit cards, bank transfers, and e-wallets like Neteller.
• Withdrawals – No fees charged. Processes within 1 business day.

Overall, XtreamForex provides flexible deposit and withdrawal policies suitable for most traders. The low $5 minimum deposit stands out in providing easy market access.

XtreamForex Trading Platforms

The broker offers access to top trading platforms in the industry:

• MetaTrader 4 – The gold standard for trading with advanced charting, Expert Advisors, and backtesting capabilities. Fully customizable.
• MetaTrader 5 – Next-generation platform with enhanced tools for CFDs, futures, and stocks.
• WebTrader – Trade directly through your web browser without downloading any software.

XtreamForex Customer Support

XtreamForex provides customer service 24/7 through various contact methods:

• Email support at [email protected]
• Phone support at +357 96 750500
• Live chat and WhatsApp
• Multilingual team covering English, Chinese, Spanish and more

Knowledgeable representatives are available around the clock to address trader inquiries and issues. Response times appear prompt based on reports.

Our Verdict

Based on this 2024 XtreamForex broker review, they provide a credible offering worthy of consideration for many traders.

Regulation through the Mauritian FSC imposes key standards surrounding audits, capital, and transparency. While not infallible, this oversight establishes a base level of accountability.

Competitive pricing, bonuses, platforms, and support make XtreamForex an attractive option. Accounts cater to all capital sizes starting from just $5.

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