broker

XTrend Speed Review 2022

Updated:
4.0
Trust
4.1
Fees
4.4
Platforms and Tools
4.7
Customer Support
2.5
Tradable Instruments
3.6
Account Types and Terms
4.2
Deposit and Withdrawal
3.9
Research
3.8
Education
3.6
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Please Note: The XTrend Speed review is based on the MT4 account, using the MT4 trading platform, opened with Rynat Capital (Pty) Ltd.

The Big Picture

Founded in 2016, XTrend Speed offers trading in forex, indices, commodities, stocks and cryptocurrencies. The company provides services via Rynat Capital (Pty) Ltd. (regulated by FSCA, a tier-2 regulator).

The broker offers two platforms – the in-house XTrend Speed app and the widely popular MT4. With XTrend Speed, you can choose between two accounts – one based on the XTrend Speed platform, and another one based on the MT4 platform.

XTrend Speed received high scores in the Platforms and Tools and Fees categories. The company’s Support received a low mark.

6 XTrend Speed Takeaways For 2022

  • We evaluated XTrend Speed across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • Our research indicated that XTrend Speed scored highly in the Platforms and Tools category. XTrend Speed offers an in-house trading platform and the widely popular MetaTrader 4.
  • XTrend Speed received an average score in the Trust category. The broker is regulated by FSCA, a Tier 2 regulator, and it offers a high level of transparency on its fees structure and regulatory protections.
  • XTrend Speed scored adequately on the fees side, and the spreads offered on the instruments we tracked were mostly average for the industry.
  • The company’s customer support services could be improved as support agents copy-paste pre-written answers that often had little relevance to the questions we asked.
  • The minimum deposit is just $5, which is good for beginners learning how to trade.

Who is XTrend Speed For?

For beginner traders, XTrend Speed offers accounts with a minimum deposit of just $5. The low minimum deposit makes it easier for novice traders to make their first steps in the markets with real money. Real-money trading differs from demo trading due to the psychological pressure of having your own money at risk. The low minimum deposit allows traders to experience “real” trading with low risks. Advanced traders should note that XTrend Speed has a 3.5% withdrawal fee.

XTrend Speed Pros and Cons

Pros Cons
  • Reasonable fees.
  • Minimum deposit of $5.
  • Traders can choose between the in-house Xtrend Speed app and the MT4 platform.
  • Withdrawal fees.
  • Weak customer support.
  • A low number of stocks to choose from.
  • No Islamic Accounts.

 

broker

Risk Warning: All trading carries a level of risk. Please invest cautiously.

 

About the Author

Vladimir Zernov
Vladimir has more than 10 years of experience in the financial markets. His career as a day-trader at a proprietary trading firm goes back to 2007.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
XTrend Speed Main Features
☑️
Regulations
FSCA (South Africa)
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks
💵
Min Deposit
$5
💹
Max Leverage
1:500 (FSCA)
📊
Trading platforms
MT5, Proprietary
💳
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller
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Check if...
unknownXTrend Speed accepts clients from your country:
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Risk Warning: All trading carries a level of risk. Please invest cautiously.

XTrend Speed Full Review

Trust

4.1
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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Regulated by the Financial Sector Conduct Authority (FSCA), XTrend Speed offers negative balance protection to its clients and holds their funds separately. XTrend Speed received an average score in this section as a Tier-2 regulator that provides significant protections to investors, but allows a leverage of up to 1:300. Also, the company provides crucial information in a transparent manner, and can be regarded as a stable firm.

XTrend Speed Regulations

XTrend Speed is the brand name of Rynat Capital (Pty) Ltd., regulated by the Financial Sector Conduct Authority (FSCA – license number 23497). We rate FSCA as a Tier 2 regulator.

XTrend Speed FSCA certification

Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?

Each regulator has its requirements for brokers, which may differ materially. Traders need to understand these differences to evaluate whether the broker suits their needs.

Rynat Capital (Pty) Ltd., which is regulated by FSCA, is also a member of the Investor Compensation Fund. Its clients will also benefit from the compensation scheme of up to €20,000.

Traders should also focus on whether their funds are segregated from the firm’s funds. Such segregation ensures that clients’ funds are safe if a broker has financial problems. In XTrend Speed’s case, the broker offers segregated accounts, boosting traders’ protection.

Negative balance protection is another important part of traders’ protection. In case a broker offers negative balance protection, its clients will not lose more money than they have in their accounts.

We have summarized key aspects of the broker’s entity in terms of regulation and safety in the table below:

Entity Features Rynat Capital (Pty) Ltd.
Country/Region FSCA (South Africa)
Regulation Tier 2
Segregated Funds Yes
Negative Balance Protection Yes
Compensation Scheme Yes
Standard Leverage Up to 1:300

Is XTrend Speed Safe to Trade With?

XTrend Speed has been in the market for more than five years, indicating a stable operation. The broker is regulated by a Tier 2 regulator (FSCA). The broker offers segregated accounts and negative balance protection. All in all, traders will have sufficient protection when working with a broker that is regulated by a Tier 2 regulator.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

The broker’s website has all the important legal documents in one place, so traders have easy access to this essential information. At the same time, it should be noted that not all relevant information on fees or commissions is available in one place, and traders will have to search around the website or ask the support team. We cannot say that this information is “hidden”, but it is not always structured in the easiest way.

Since we had to specifically search for information on commission and fees as it was not available in the comparison table between accounts, we have assigned a medium level of transparency to XTrend Speed. In addition, the broker’s website does not contain its business history, which also played a role in our decision.

In summary, our findings indicate that XTrend Speed can be regarded as having an average level of trust and stability due to the following factors:

  • FSCA-regulated broker.
  • More than 5 years in business.
  • The company could have organized information on commissions and fees in a better way.

Fees

4.4
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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XTrend Speed’s performance on the fees side is mostly above average for the industry but differs from one instrument to another. Traders should do their due diligence to determine whether the fees for trading their favorite instruments suit them.

XTrend Speed Trading Fees

XTrend Speed offers 2 account types in the FSCA-regulated entity: XTrend Speed account and MT4 account. Traders using the XTrend Speed account will enjoy lower spreads but have to pay commissions, which are different for various instruments. For those using the MT4 account, no commissions would be applied.

Note that fees are a significant factor that impacts the choice of the broker. Always focus on the fees for the instruments you trade rather than “average” fees, as they will reflect your own costs.

In this review, we tested the MT4 account. In this account, XTrend Speed charges spreads and swap/rollover fees with no commissions. It is important to remember that spreads are variable and depend on the liquidity situation in the market at any given point in time.

XTrend Speed Spreads

We tested the spread on the XTrend Speed MT4 account during the London open at 8 am UK time and just after the US open at 2.45 pm UK time. These are the most actively traded times.

Instrument Live spread AM Live spread PM
EURUSD 1.0 2.0
GBPJPY 3.0 4.0
Gold (XAUUSD) 30 30
WTI Oil 0.04 0.04
DAX 30 5.3 4.1
Dow Jones 30 5 4
Apple n/a 0.03
Tesla n/a 0.79

Swap Fees

Instrument Swap Long Swap Short
EUR/USD -0.007 0.002
GBP/JPY 0.025 -1.106

Are XTrend Speed Trading Fees Good?

XTrend Speed trading fees are mostly average for the industry, although they differ from one instrument to another. For example, the spread for gold is low, while the spread for DAX is high compared to the industry average. You should keep in mind that spreads will be lower when trading at the XTrend Speed account, but you will also have to pay a commission, depending on the exact instrument.

Non-Trading Fees

XTrend Speed has a 3.5% fee for all withdrawal methods. At the same time, the broker does not charge the inactivity fee, which is often applied when a trader does not make any trades for several months in a row.

Platforms and Tools

4.7
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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XTrend Speed offers two trading platforms: the MT4 platform and XTrend Speed, the in-house trading platform of the company. Both platforms are available for desktop and mobile usage. The ability to choose between a hugely popular MT4 and the in-house XTrend Speed has earned XTrend Speed a high score in this category.

XTrend Speed Desktop and Web Platforms

XTrend Speed offers the MT4 platform for Windows, Web Browser, Android, and iOS. XTrend Speed platform is available on Windows, macOS, Android, and iOS. For this review, we tested the widely-popular MT4 platform.

MetaTrader 4 Desktop

General Ease of Use

MT4 is a very popular trading platform that suits beginners and advanced traders alike. While beginners may have some work to do to get accustomed to the platform, the information is readily available on the web, both in text and video forms, so those willing to study trading will face no material problems with MT4.

Charts

MT4 offers:

  • 51 indicators
  • 31 drawing tools
  • 9 timeframes

Both beginners and advanced traders will have plenty of options to choose from when developing their trading strategy.

Indicators include:

  • Trend indicators
  • Oscillators
  • Volumes
  • Bill Williams
  • Custom indicators

Available time frames include 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly. Some platforms offer a wider range of timeframes, but the number of timeframes provided by MT4 is more than sufficient for practical purposes.

MT4 also supports objects:

  • Lines
  • Channels
  • Gann Tools
  • Fibonacci Tools
  • Shapes
  • Arrows

Please note that there are no Elliott Waves, an essential indicator for many pro-level traders. This indicator could be purchased from third parties.

Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart. While candlesticks are generally more popular among traders as there is an abundance of candlesticks patterns used to make trading decisions, other types of charts also have their fans.

In general, MT4 charts are easy to configure even for novice traders after some prep work, and they surely have enough options for advanced traders who could also download and install additional indicators if needed.

Orders

MT4 provides access to main order types that you will need when trading:

  • Market order, which is used to buy or sell the instrument at the current marketplace. This order is used when a trader wants to establish a position as fast as possible. Typically, this order is necessary when the instrument’s price begins to move quickly. The main risk of this order is that you pay a spread, which is the difference between the bid price and the ask price.
  • Limit order, which is used to buy or sell the instrument at a preset price, or better. This order is used when the trader wants to establish a position at a certain level and is not willing to pay current market prices. Using limit orders is a good way to control risks because the trader controls the price that will be paid. In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price.
  • Stop loss order, which is used to exit the position when the price is moving in the wrong way. This order is triggered when the price reaches a specified price point.
  • Trailing stop order, which is used to set a stop order that will move in case open position trends in the right direction. This order is used to protect a trader’s profits if the market direction reverses.

XTrend Speed Mobile App

General Ease of Use

The MT4 mobile app is rather easy to use. It provides charts, quotes, account balance info, economic calendar, news, and other tools to provide traders with an opportunity to make informed trading decisions.

Devices

XTrend Speed offers the MT4 versions for Android and iOS.

Charts

MT4 mobile app offers:

  • 30 technical indicators
  • 24 drawing tools
  • 9 timeframes
  • 3 chart types

This selection of options is more than sufficient enough for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading.

Orders

In an MT4 mobile app, you can set market orders, limit orders, and stop orders. Trailing stops are not available on mobile trading terminals.

Tradable Instruments

3.6
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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XTrend Speed provides access to 63 forex pairs, 8 commodities, 8 indices, 28 cryptocurrency pairs, and 64 stocks. The number of available instruments in the forex, commodities, and indices segments fits well into the industry average. The list of available stocks is low compared to the industry average.

What are CFDs?

CFDs (Contracts for Differences) are financial instruments that allow traders to bet on securities without owning the underlying securities. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading.

What Can You Trade with XTrend Speed?

  • 63 forex pairs. The list includes major currency pairs like EUR/USD and USD/JPY, as well as exotic pairs like USD/SGD (U.S. Dollar/Singapore Dollar) or USD/NOK (U.S. Dollar/Norwegian Krone).
  • 8 commodities. XTrend Speed allows you to bet on the direction of Gold, Silver, WTI Oil, Brent Oil, Platinum, Palladium, U.S. Natural Gas, and Copper.
  • 8 indices. XTrend Speed provides access to CFDs on major indices like S&P 500 or Nikkei 225.
  • 28 cryptocurrency pairs. XTrend Speed’s offering includes pairs of major cryptocurrencies like Bitcoin and Ethereum against USD and EUR, as well as more exotic options like Neo and IOTA.
  • 64 stocks. Traders have access to famous names from the U.S. and Europe, like Apple, Chevron, and Bayer.
Forex pairs at XTrend Speed
Forex Shares
EUR/USD | AUD/USD| GBP/USD AAPL | FB | TSLA
Indices Cryptocurrencies
S&P 500 | CAC 40 | Hang Seng BTC/USD | ETH/USD| XRP/USD
Commodities
Gold | WTI Oil| U.S. Natural Gas

To sum it up, XTrend Speed offers an average selection of currencies, commodities, and indices. The number of stock CFDs is low, although traders have a chance to trade CFDs on stocks from Europe, which may be interesting for some traders. The offering in the crypto segment is diverse enough to attract traders who want to try these kinds of assets but are not ready to open an account on crypto exchanges.

Customer Support

2.5
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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XTrend Speed received a low score in this segment. While support agents were quick to answer our queries, they have mostly replied with scripted lines and failed to meet our needs.

Support is an important part of doing business with the broker, as traders sometimes need timely answers to their questions, especially at times of market volatility.

XTrend Speed provides support via online chat and email. We have contacted XTrend Speed support several times, and support agents have quickly responded to our questions. However, not all problems were resolved, and the support left the impression of being highly scripted.

XTrend Speed Customer Support Test

In our rating, we tested XTrend Speed chat support. Support agents have quickly responded to our questions. However, the quality of these responses was low as they mainly consisted of scripted lines and, in some cases, a link to the main page of the XTrend Speed website. As a result, XTrend Speed received a low score on the customer support test.

Chat support at XTrend Speed

Deposit and Withdrawal

3.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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XTrend Speed’s clients can deposit and withdraw money from their accounts via debit/credit cards, popular e-wallets, and wire transfers. Traders should note that a 3.5% fee is applied for every withdrawal method.

XTrend Speed provides several options to deposit and withdraw funds from the account. These options include cards from major global payment systems, e-wallets, and wire transfer.

The only base currency is USD. In case the deposit is made in another currency, it will be automatically exchanged into USD, based on the XTrend Speed exchange rate.

The first deposit is just $5, so everyone can try XTrend Speed’s services. There are no deposit fees on the XTrend Speed side. However, traders should keep in mind that their bank or payment system may charge fees for transactions.

The minimum withdrawal is $20. However, if you use the wire transfer method, the minimum withdrawal is $100. Please note that a 3.5% fee is charged on withdrawals by E-wallet/ Credit Card/ Debit Card.

XTrend Speed Deposits

Deposit Method Base Currencies Fees Processing Time
Visa USD No Not specified
Mastercard USD No Not specified
JCB USD No Not specified
Wire Transfer USD No Not specified
PayPal USD No Not specified
Skrill USD No Not specified
Neteller USD No Not specified

On the deposit side, XTrend Speed provides a sufficient number of options that should suit most traders. Main payment systems, popular e-wallets, and wire transfer options are all included. There are no fees for deposits, which is standard for the industry as any broker wants to attract clients’ funds.

XTrend Speed Withdrawals

Withdrawal Method Base Currencies Fees Processing Time
Visa USD 3.5% 1 business day
Mastercard USD 3.5% 1 business day
JCB USD 3.5% 1 business day
Wire Transfer USD 3.5% 1 business day
PayPal USD 3.5% 1 business day
Skrill USD 3.5% 1 business day
Neteller USD 3.5% 1 business day

Withdrawals can be done via the same methods as deposits. the main problem of XTrend Speed is the fees. Interestingly, these fees cannot be found in the company’s withdrawal policy but are listed in the FAQ.

Account Types and Terms

4.2
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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XTrend Speed’s clients will choose between 2 accounts, based on the trading platform they use. The account opening process is straightforward and fast.

XTrend Speed offers two types of accounts – the STrader account, which uses the company’s in-house trading platform, and the MT4 account, which uses the widely popular MetaTrader 4. XTrend Speed offers demo accounts, so you can try the company’s platform without using real money.

XTrend Speed offers an easy-to-use mobile app, which is not surprising as the company started its business with the app and then expanded its offerings to the desktop.

Opening an account with XTrend Speed

Why is Choosing the Right Account Type Important?

The Account that you choose must meet your needs. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size. In XTrend Speed’s case, the primary choice is between the trading platforms.

What Account Types does XTrend Speed Offer?

Account Features XTrend Speed MT4
Commission (excluding equities) variable None
Spread variable variable
Minimum Deposit $5 $5
Leverage Up to 1:300 Up to 1:300
Islamic Account No No
Demo Account Yes Yes

There are two main differences between the account types that you would use. The first one is the software you will use – XTrend Speed or MT4. The second significant difference is how you will compensate your broker for trading. In the XTrend Speed account, you will pay a spread and a commission. The size of this commission for each instrument can be found in the mobile app. In the MT4 account, there are no commissions. Not surprisingly, the spreads are larger than in the XTrend Speed account.

What is CFD leverage?

CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.

XTrend Speed Account Opening Process

The account opening process is straightforward:

  • Step 1: Click on the “open an account” tab on the front page.
  • Step 2: Enter an email and a password, or use your mobile phone.
  • Step 3: Enter basic KYC information like your name, country of residence, address, etc.
  • Step 4: To get access to all options, complete the identity verification process.

The whole process is digital and easy to complete. The basics could be completed in under 10 minutes, although the identity verification process will take more time.

What is a demo account?

A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when the real money is at stake.

It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

XTrend Speed supported countries

XTrend Speed does not offer services to residents of certain jurisdictions, including the U.S., Australia, Japan, Turkey, Canada, and some others.

Research

3.8
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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XTrend Speed offers market news, live videos, and trading ideas in its research section. The research section could be used by both beginners and advanced traders. The absence of fundamental stats and additional tools, however, is noticeable, and affects the score.

Trading Ideas at XTrend Speed

XTrend Speed provides research support to its clients in the “Analysis and Education” segment on its website.

There, traders can read about the latest trading ideas. Such ideas include a chart and a brief written explanation of the idea. The company’s clients also have access to the news feed.

As usual for brokers, XTrend Speed provides access to the economic calendar. Traders can also watch detailed live videos that discuss the current situation in the markets.

At the same time, XTrend Speed lacks fundamental stats and additional tools, which has decreased its score in this section of our rating.

Education

3.6
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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XTrend Speed has some educational material in the “Trading Knowledge” section of its website. However, this material should not be viewed as a complete course for traders, who will not find most answers there.

Trading Knowledge at XTrend Speed

Educational support is offered by the above-mentioned “Analysis and Education” section on the company’s website. Educational material could be found in the section called “Trading Knowledge.” It includes basic information on certain topics, but it is not a comprehensive guide. In addition, the data is not structured in a way that would take a beginner trader from the basic level to more advanced topics. At the same time, beginner traders could still find enough useful info in this section.

We would also like to highlight that XTrend Speed offers a detailed glossary of terms that a trader could face in the financial markets.

The Bottom Line

XTrend Speed emerged as a mobile-focused broker, and the simplicity of its in-house XTrend Speed app will likely attract beginner traders.

Traders can open an account with Rynat Capital (Pty) Ltd., regulated by FSCA. We rate FSCA as a Tier 2 regulator, which means it offers adequate protections for traders. The broker’s trading fees and the selection of instruments is fairly standard, although it should be noted that stock traders will likely search for more options elsewhere. The low number of available stocks has decreased XTrend Speed’s score in the Instruments part of our rating.

In addition to the simple app, the broker offers research support, including live webinars and trading ideas, which would be useful for beginner traders. XTrend Speed also provides some educational articles and a glossary, but they cannot be viewed as a complete course for traders who are new to markets.

Speaking about the disadvantages of the broker, traders should keep in mind that XTrend Speed has a 3.5% withdrawal fee. Also, XTrend Speed showed weak performance in our support test.

FAQ

Where is XTrend Speed based?
XTrend Speed is based in South Africa.

Is XTrend Speed safe?
Clients of Rynat Capital (Pty) entity will be under the guard of FSCA, which is a Tier 2 regulator.

How does XTrend Speed make money?
XTrend Speed makes money from the spreads and commissions that it charges traders.

How do I deposit funds in an XTrend Speed account?
Traders can use wire transfer, Visa, Mastercard, JCB, PayPal, Skrill, or Neteller to deposit funds.

What is the minimum deposit for XTrend Speed?
The minimum deposit for XTrend Speed is $5.

How do I withdraw money from XTrend Speed?
Traders can use wire transfer, Visa, Mastercard, JCB, PayPal, Skrill, or Neteller to withdrawal funds.

How long does it take to withdraw money from an account at XTrend Speed?
Withdrawal is expected to be processed in 1 business day.

How much is the maximum leverage at XTrend Speed?
The maximum leverage in XTrend Speed is 1:300.

How can I open an account with XTrend Speed?
To open an account with XTrend Speed, visit the company’s website and create an account from the front page.

What platforms does XTrend Speed offer?
XTrend Speed offers MT4 and XTrend Speed app.

Is XTrend Speed suitable for beginners?
XTrend Speed is a decent choice for beginners as it offers accounts with a minimum deposit of just $5 and provides solid research support.

Does XTrend Speed offer a demo account?
Yes, XTrend Speed offers a demo account.

broker

Risk Warning: All trading carries a level of risk. Please invest cautiously.

See XTrend Speed Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
South Africa
Foundation Year
2018
Regulations
FSCA (South Africa)
Publicly Traded
No
Trading platforms
MT5, Proprietary
Restricted Countries
United States, Turkey, Japan, Canada, Australia
Min Deposit
$5
Max Leverage
1:500 (FSCA)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller
Cryptocurrencies
Bitcoin, Ripple, Ethereum
Products (CFD)
Currencies, Commodities, Indices, Stocks
Demo Account
Yes
Islamic Account
No
Segregated Account
No
Managed Account
No
icon

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