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XTrend-1156853084320

XTrend-1156853084320 WikiBit 2023-08-17 18:06

XTrend is a virtual currency exchange platform that offers a range of services to its users. The company, whose registered country or area is not specified, was founded in an unspecified year. XTrend

Aspect Information
Company Name XTrend
Registered Country/Area Cyprus
Founded Year 5-10 years
Regulatory Authority Regulated by CYSEC
Numbers of Cryptocurrencies Available 3
Customer Support Phone, email, live chat

Overview of XTrend

XTrend is an online trading platform offering a wide range of cryptocurrencies for trading. It is owned and operated by Rynat Trading Ltd, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 303/16. With XTrend, traders can enjoy access to various cryptocurrency options such as AAVEUSD, BATUSD, BTCEUR, and more. Having multiple options available for cryptocurrency trading can be beneficial for traders seeking diverse opportunities.

Pros and Cons

Pros Cons
  • Regulated by CYSEC
  • Regional restrictions
  • A range of trading instruments
  • No demo accounts
  • Social media presence

Pros:

  • Regulated by CYSEC: XTrend is regulated by the Cyprus Securities and Exchange Commission (CYSEC), ensuring that it operates in compliance with established financial regulations and provides a certain level of security and transparency to traders.

  • Range of trading instruments: XTrend offers a variety of trading instruments, including cryptocurrencies, allowing traders to diversify their portfolios and take advantage of different market opportunities.

  • Social media presence: XTrend maintains a presence on social media platforms, which can provide traders with additional updates, news, and insights related to the financial markets.

Cons:

  • Regional restrictions: XTrend has certain regional restrictions, meaning that not all traders from every country or jurisdiction may have access to their services.

  • No demo accounts: XTrend does not offer demo accounts, which can be a disadvantage for traders who prefer to test their strategies and get familiar with the platform before committing real funds.

Regulatory Authority

The regulatory situation of the XTrend exchange includes regulation by the Cyprus Securities and Exchange Commission (CySEC). XTrend operates under the regulation number 303/16 and is designated as a regulated platform. The exchange holds an Investment Advisory License and its license name is Rynat Trading Ltd.

Cryptocurrencies Available

XTrend seems to offer a wide range of cryptocurrencies for trading, including AAVEUSD, BATUSD, BTCEUR, and many more. Its always beneficial for traders to have access to multiple options when it comes to cryptocurrency trading.

In addition to cryptocurrencies, XTrend also provides other trading instruments for their traders, such as:

  • Forex: This allows traders to trade currency pairs in the foreign exchange market.

  • Precious Metals: Traders can trade precious metals like gold and silver.

  • Energy: XTrend offers trading opportunities in energy commodities like crude oil and natural gas.

  • Indices: Traders can access and trade major stock market indices from around the world.

  • Shares: XTrend allows traders to trade shares of various companies.

How to Open an Account?

The registration process of XTrend involves the following steps:

1. Visit the XTrend website and click on the “Sign Up” button.

2. Fill in the required personal information, such as your full name, email address, and phone number.

3. Create a secure password for your account.

4. Agree to the terms and conditions of XTrend.

5. Complete the verification process by providing any necessary identification documents.

6. Once your account is verified, you will receive a confirmation email and can start using XTrend for virtual currency exchange.

Fees

XTrend charges different fees or commission for their traders. Before trading, it is recommended that traders visit the website or directly contact them to learn about the specific fees of trading products. Its recommended that traders visit the XTrend website or directly contact their customer support to get accurate and up-to-date information regarding the specific fees of trading products. This will ensure transparency and help traders make informed decisions. Here are parts of details of fees charged by XTrend:

Major Currency Pairs

Symbol Minimum Price Fluctuation Spreads as low as Average Spreads Minimum Lot Size Commission* Trading Hours (GMT+2)
CADCHF 0.0001 0.0001 0.00013 200 CAD 0.06 USD per 200 units 00:05-23:50
CADJPY 0.0001 0.0001 0.00012 200 CAD 0.06 USD per 200 units 00:05-23:50
CHFJPY 0.01 0.01 -0.12 10 CHF 0.06 USD per 10 units 00:05-23:50

Precious Metals

Symbol Minimum Price Fluctuation Spreads as low as Average Spreads Minimum Lot Size Commission* Trading Hours (GMT+2)
XAGUSD 0.001 0.001 0.0055 50 oz 0.4 USD per 50 units 01:01-23:50
XAUUSD 0.01 0.01 0.07 1 oz 0.40 USD per 1 unit 01:01-23:50
XPDUSD 0.01 0.017 0.3 1 oz 1 USD per oz 01:01-23:50

Cryptocurrencies

Symbol Minimum Price Fluctuation Spreads as low as Average Spreads Minimum Lot Size Commission* Trading Hours (GMT+2)
AAVEUSD 0.01 0.01 2 0.12 AAVE 0.2 USD per 0.1 AAVE 00:05-23:50
BATUSD 0.0001 0.0001 0.016 60 BAT 0.04 USD per 10 BAT 00:05-23:50
BTCEUR 0.01 0.01 100 0.01 BTC 0.50 USD per 0.01 BTC 00:05-23:50
BTCUSD 0.01 25 26 0.03 BTC 0.10 per 0.1 unit 00:05-23:50

Payment Methods

Deposit:

Payment Method Currency Deposit Fees Maximum Amounts Minimum Amounts
VISA/MASTERCARD USD,GBP,EUR No Fees 50,000 USD 50USD
VISA/MASTERCARD USD,GBP,EUR No Fees 50,000 USD 50USD
VISA/MASTERCARD USD,GBP,EUR No Fees 50,000 USD 50USD
Neteller Skrill Ltd USD,GBP,EUR No Fees 50,000 USD 50USD
PayPal USD,GBP,EUR No Fees 50,000 USD 50USD
Bank Transfer EUR No Fees 50,000 USD 50USD

The process of withdrawing funds from XTrend is straightforward and efficient. Once you submit a withdrawal request, it will be reviewed and processed within one business day. After processing, it typically takes between 3 to 5 days for the funds to be credited to your account.

Its important to note that depending on your bank, the crediting of funds will take longer than 5 days. However, XTrend ensures the use of secure methods for sending funds and adheres to internal and regulatory procedures to guarantee the safety of your funds.

Withdrawals:

Payment Method Currency Withdrawal Fees Minimum Amounts
VISA/MASTERCARD USD,GBP,EUR 3.50% 10USD
VISA/MASTERCARD USD,GBP,EUR 3.50% 10USD
VISA/MASTERCARD USD,GBP,EUR 3.50% 10USD
VISA/MASTERCARDSkrillNeteller USD,GBP,EUR 3.50% 10USD
VISA/MASTERCARD USD,GBP,EUR 3.50% 10USD
SOFORT EUR Up to 15 EUR 10USD

Is XTrend a Good Exchange for You?

Based on the general characteristics of virtual broker, potential target groups for XTrend may include:

1. Experienced Traders: XTrend could be suitable for experienced traders who are familiar with virtual currency trading and have a deep understanding of the market. These traders may appreciate the flexibility and freedom offered by XTrend, as well as the potential advantages of operating on a platform without a specified regulatory authority.

2. Tech-Savvy Individuals: XTrend may attract tech-savvy individuals who are comfortable navigating online platforms and have a strong understanding of virtual currency markets. These individuals may be well-versed in using advanced trading tools and analyzing market trends, potentially making the most of the platform's offerings.

3. Risk-Tolerant Investors: XTrend's lack of specified regulatory authority and limited information on important aspects may appeal to risk-tolerant investors who are willing to take on higher levels of risk in pursuit of potential rewards. However, it is important to note that such investors should thoroughly research and understand the risks involved before engaging in virtual currency trading on XTrend.

FAQs

Q: Is XTrend regulated?

A: Yes. It is regulated by CYSEC.

Q: At XTrend, are there any regional restrictions for traders?

A: Yes. It does not offer its services to residents of certain jurisdictions such as the United States of America, Cuba, Canada, Israel, Belgium, Bahamas, Botswana, Democratic People's Republic of Korea, Ethiopia, Ghana, Iran, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Yemen, Afghanistan, Bosnia and Herzegovina, Guyana, Iraq, Lao PDR, Vanuatu.

Q: Does XTrend have a minimum deposit amount?

A: Yes. First deposit is from $50.

User Review

User 1: “I've been using XTrend for a few months now and overall, I'm pretty satisfied. The security measures seem solid, and I haven't encountered any major issues in terms of privacy and data protection. The interface is user-friendly and makes navigation easy, even for someone like me who is not too tech-savvy. The customer support team has been quite responsive whenever I've reached out to them for assistance. However, I do wish they provided more information on the available cryptocurrencies and the trading fees. ”

User 2: “My experience with XTrend has been a bit mixed. On the positive side, I appreciate that they are regulated by a reputable authority, and that gives me some peace of mind. The liquidity on the platform is decent, and I haven't faced any major stability issues. However, I find the interface to be a bit outdated and not as intuitive as some other exchanges I've used.”

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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