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Safely of funds
Xtream Forex is an ECN broker and was founded in 2018 in the Marshall Islands. It is not regulated by any regulatory body. It is noteworthy that 2 more brokers are registered at the address of the broker's headquarters, which should not be related.
One of the broker's priorities, according to it, is to provide one of the best services and high-quality trading conditions. The information on the company's website indicates that the broker has several trading accounts and trading platforms for clients to choose from.
Trading conditions
The broker's clients are given a choice of such trading accounts as: VIP, ECN PRO, ECN, Standard, Micro. Using such an account, you can trade the following assets: indices, stocks, cryptocurrency, Forex. The minimum capital is $5. This is enough to start trading with this broker. It is worth adding that clients who want to start their acquaintance with the world of online trading can download a demo account for free and try their hand without risks.
Also, do not bypass the broker's deposit bonus system. Here is a one-time 15% bonus and a credit bonus for new customers.
The attractive factor is that the company can offer not only online trading, but also other ways of earning. For example, Xtream PAMM Trading (Trust Account Management) and Xtream Copy Trading (Copy Trades Service). This also includes such affiliate programs as Regional partner, White label solution and Introducing broker.
Also take a look at the broker's impressive knowledge library located on their website. Here are the Glossary, guides, market news, economic calendar, webinars, Forex education, articles, trader's tools.
Despite all of the above, the company has a rather twofold policy of account security and customer data protection. On the one hand, the Legal Documents tab contains all the regulatory documents confirming the reliability and safety of the broker. On the other hand, the company has no control from the supervisory authorities and, in fact, does what it wants. Accordingly, it is up to you to decide whether to cooperate with the broker or not.
Trading platforms
The company cooperates with the MetaQuotes developer and provides two popular trading platforms - MetaTrader 4 and MetaTrader 5, their versions for browsers and mobile applications.
Technical support
You can contact the company 5 days a week, by phone +35796750500, or by support@xtreamforex.com, or directly via the chat on the site.
Deposit/Withdrawal
Customers can fund their account using standard methods, i.e. via bank transfer or bank card. You can also use Neteller and Skrill payment systems.
Reviews and reviews of traders
On the Internet, we found a large number of different reviews. But some patterns are observed. If these are English-language reviews about the broker, then they are mostly enthusiastically positive, while almost all of them are written with many errors. If these are Russian-language reviews, then almost all of them are sharply negative. Moreover, they write that the broker is engaged in fraudulent activities.
Pros and Cons
Broker advantages:
- Lots of broker contact details
- Large library of knowledge
- Small initial deposit
- Large selection of trading accounts
Broker Disadvantages:
- Low rating on the internet
- Lots of negative reviews
- No regulator
- Unverified legal address
Conclusion
We have listed quite a few advantages of the company that may be of interest to novice traders. But such signals as a low rating, lack of a regulator, unconfirmed legal address make you think about the very possibility of cooperation with this broker.
