Operating from Limassol, Cyprus, XSpot Markets is an online trading broker that caters to the trading needs of all categories of traders, allowing them to easily trade various financial assets, including stocks, funds, bonds, and ETFs. They provide traders with an in-house-developed trading platform that is available in desktop, web, and mobile versions. In addition, there are various educational resources and a knowledgeable client support team to assist traders. Some of the essential features of the broker include tight spreads, multiple account types, leverage of up to 1:30. The minimum deposit required to start trading is $5,000.
XSpot Markets Review Introduction
In this XSpot Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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XSpot Markets Platforms & Tools
The broker’s clients can buy and sell the available trading instruments using the XSpot Pro, a proprietary trading platform that was developed in-house by the broker’s team of fintech experts. This trading platform is replete with various intuitive trading functionalities, including market analysis, streaming news, up-to-date economic calendar, technical analysis tools, tradable charts, and much more. The broker makes the platform available as a desktop application for Windows and Mac computers, a web version that can run directly on most modern web browsers, and a mobile app that is compatible with mobile devices running on Android and iOS devices. The mobile app is best suited for traders who wish to place trades and check trading positions while on the move as long as they are connected to the internet.
XSpot Markets Research & Education
There is a good selection of learning resources on the broker’s website. These educational resources are designed to ensure improved trading expertise. The educational resources include learning articles, news, trading guides, and more.
XSpot Markets Trading Accounts
There are various live trading account options at XSpot Markets, including Private, Professional, Joint, and Corporate Accounts. The minimum deposit required to start trading is $5,000. In addition, a demo account is available to help traders get acquainted with the broker’s trading platforms proceeding to open a live trading account.
XSpot Markets Account Funding
Traders are allowed to deposit and withdraw funds and from their trading accounts using bank transfers.
XSpot Markets Customer Service
All clients’ general, technical, and account-based inquiries are sent to a knowledgeable client support team. The support team can be reached via any of the following contact channels: telephone, email, Live Chat, and social media.
XSpot Markets Regulation
XSpot Wealth (EU) Limited is authorized and regulated by the Cyprus Securities and Exchange Commission with license no. 235/14 and registered at the FCA (UK) under reference no. 655426, at BaFin (Germany) under reference no. 141183.
XSpot Markets Review Summary
XSpot Markets is an online trading broker that offers access to trade multiple financial instruments across different asset classes. Trades are carried out using the broker’s proprietary trading platform that is available in desktop, web, and mobile versions. There are various learning resources and a client support team to assist traders. The minimum deposit required to start trading is $5,000. The broker is regulated in multiple jurisdictions: FCA, BaFIN, and the CySEC.
It is worth mentioning that some of the trading products and services in this XSpot Markets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the XSpot Markets broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.