XTRgate Review
Since cryptocurrencies have taken the world by a storm, lots of people are wondering how to trade them. Where to begin? How to invest? These are some common questions and a little bit of research will give you an answer; you need to find a cryptocurrency broker to help you out. There are hundreds of brokers that you can find in the market and each one offers similar services, which does make things a little confusing. However, you have to be cautious when making a decision because knowing how to select a reputable broker can make or break your whole crypto trading experience.
Some people will advise you to steer clear from new brokers and in most cases, they would be right. However, this doesn’t apply to XTRgate. Sure, it is a new player in the market, but this cryptocurrency trading platform has been designed with the sole purpose of enabling its users to have an easy and smooth trading experience. It has been designed by experts and their aim is to ensure that anyone signing up on their platform will be able to execute trades efficiently. The broker was introduced in the market in 2019 and is based in the United Kingdom. It provides its clientele with everything they need for maximizing their profits by trading some of the top cryptocurrencies in the market.
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But, what exactly does it offer that makes this broker different from the rest? What are the perks that distinguish it and are they good enough to make you consider XTRgate? The best perks that you can enjoy are outlined below:
- Best combination of crypto trading products
If you are interested primarily in crypto trading, you would obviously want a broker that specializes in them. Brokers offering other trading products have also added cryptocurrencies to their asset index, but they only give you a few options to choose from. If you go with XTRgate, you will not have to deal with this problem at all. The broker offers you access to one of the widest range of cryptocurrencies that can be traded and some of the best ones that you can invest your money in are:
- Bitcoin: This is the first cryptocurrency to have been introduced and it is open-source, which means it is not controlled or owned by anyone and everyone can participate in it. This peer-to-peer network is not centralized, which means it is not under anyone’s control. Currently, it holds the biggest share in the crypto market.
- Litecoin: This particular cryptocurrency is essentially another version of Bitcoin. It is a tad more flexible because it has a reduced transaction time and boasts a higher cap in regard to the tokens that are circulating. Hence, trading Litecoin is more affordable for traders as opposed to Bitcoin.
- Bitcoin Cash: Introduced in August, 2017, it is a fork of Bitcoin. The fact that it is able to process transactions at a much higher speed than Bitcoin is what differs it from the rest. The purpose of introducing this crypto was to enable it to compete with the volume of transactions conducted through PayPal and Visa.
- Ethereum: This particular crypto is similar to Bitcoin, but it does have a few noticeable differences. The Ethereum network’s crypto is referred to as Ether, which is used for trading and is also handy for running applications. As opposed to Bitcoin, you can find executable code in Ethereum transactions.
- Ripple: This is a cryptocurrency and also a digital payment for making financial transactions. Transactions involving Ripple use less energy and are completed quickly as compared to Bitcoin.
- Dash: This is quite similar to Bitcoin, but some improvements have been made. It was introduced in 2014 and was aimed for processing at higher speeds. The crypto funds itself for making improvements and this allows investors to vote for their preferred projects.
Apart from these, you can also invest in NEO, Monero and plenty more cryptocurrencies via XTRgate.
- A user-friendly and robust trading platform
The trading platform is not something that can be taken lightly. No matter how impressive a broker’s asset index may be, if it doesn’t have a good trading platform, everything else becomes irrelevant. Cluttered and overly complex user interfaces are one of the top reasons that users are driven away from brokers. Therefore XTRgate has come up with a robust trading platform that boasts a user-friendly interface and is extremely easy to navigate. Even if you are a beginner trader, you will absolutely no problems in grasping the workings of the platform itself.
As it is a web-based platform, it is highly flexible and doesn’t require installations or downloads. Moreover, it gives you the freedom of using it on any device, as long as it supports browsers and has an internet connection. Everything is easily accessible from the dashboard and one-click trading is available for your convenience. You will have absolutely no complaints regarding lags or delays in transactions as they are executed in real time.
- Top-notch security policies and measures
Security is not to be messed with when it comes to online trading, especially cryptocurrencies. There have been incidents where entire exchanges were hacked and people lost their cryptocurrencies and had their personal information compromised. Hence, people always feel hesitant when they are signing up with a broker. In order to provide peace of mind to their customers, XTRgate has implemented top-notch security measures and policies. What are they? Let’s take a look:
- Privacy Policy: The first thing they have done is to ensure that all of the data relating to their clients is kept confidential, secure and private. It is necessary for them to ask for personal information to allow you to trade, which involves confirming your identity and verifying your address. But, they do not disclose any of this information to third parties without obtaining their clients’ consent first. In addition, they don’t collect or save your credit card data either.
- KYC (Know Your Customer) Policy: This particular policy has been implemented for the sole purpose of preventing identity theft, fraud, money laundering and terrorist activity. When making a deposit, clients are asked to confirm their identity through some documents. This includes a copy of your passport, a current utility bill, copy of credit card to be used for deposits and online transaction history. These have to be submitted before any online activity can be made in your account.
- AML (Anti-Money Laundering) Policy: XTRgate is against money laundering and they are onboard with the Joint Money Laundering Steering Group in the UK for the purpose of preventing it. How do they accomplish this? There are some specific procedures that are involved, such as keeping records of identities of all traders, not allowing third party transactions, monitoring client transactions for any suspicious activity, informing clients about the identity verification process, requiring valid proof for verification of identities and cross checking client names against list of known or suspected terrorists.
With these policies, along with a strong firewall, XTRgate is able to provide a secure trading environment to their clientele.
- A simple and fast sign up process
It is not necessary for the signup procedure to be draining and long. If it is, traders would be highly demotivated and this does happen in the case of some brokers. But, you will not find this at XTRgate because this broker goes to great lengths to ensure registration is quick and easy for everyone. You are not charged a registration fee. It is easy to find the register button on the broker’s homepage. A form is provided to you upon doing so and you should fill out the required fields. Submit the form once it has been completed. A link is sent to your email address for verification.
The registration process is automatically completed after your email has been verified. You can start funding the account you have chosen on XTRgate. This account can be accessed or updated through the My Account page. In case you forget your password, you can reset it for your convenience.
- Great trading conditions available
As mentioned above, you don’t have to pay anything to register with XTRgate, but a deposit has to be made before you can start crypto trading. The leverage that you can get depends on the cryptocurrency pair you choose to trade. Most crypto pairs on XTRgate have a leverage of 1:2 or 1:5, but there are some pairs where it is increased to 1:20. The best thing about this broker is the spreads. They start at zero and most pairs have very low spreads, which can keep your trading costs low. As far as minimum deposit is concerned, you need to deposit just 1,000 GBP or Euro.
XTRgate provides you support for wire transfers, debit and credit cards and some e-payment methods for deposits. Transfers via cards are immediately funded. The time taken by wire transfers vary for every bank. In order to make a withdrawal via XTRgate, there are some requirements you need to fulfill. You have to submit documents like photo ID, proof of address and copy of credit card. After these documents have been submitted, you can fill out the withdrawal form. The request needs to be approved and the transfer can take anywhere between 3 and 5 days.
- A wide variety in account options
Almost every broker gives you multiple account options to choose from, but there are not many that can give you the wide variety that XTRgate presents to you. The broker has come up with these accounts based on the unique needs of their traders. No matter what background you have or what level of trader you are, there will be options for you. These include:
- Basic: This account is for complete newbies and requires a deposit of 1,000 Euro. It comes with basic training and education for the traders, webinars, Daily Market Review and 24/6 customer support.
- Bronze: You can open this account for a deposit of 10,000 Euro and along with the features of the Basic account, this one also sends you price alerts at the junior level, which can come in handy during trading.
- Silver: The deposit requirement for this account option begins at 25,000 Euro and it provides you features of both basic and bronze account. In addition, traders also get an account manager to assist them and PIA trading secrets, which can be quite useful.
- Gold: For this account, you need to fulfill a minimum deposit requirement of 50,000 Euro. Therefore, it is best for skilled traders and it will also provide you access customized trading strategies and PIA SMS signals.
- Platinum: This account option is for professional traders and you have to deposit 250,000 Euro for opening it. All features offered in other accounts can be accessed here. It also provides you with exclusive position access and gives you a one-on-one training advisor.
Apart from these account types, there is also a Black account that’s offered by XTRgate only to its top investors. If you are interested in upgrading to this account, you will have to get in touch with your account manager for further guidance.
- A well-rounded customer support department
XTRgate wants to achieve 100% customer satisfaction and this cannot be done without providing them with assistance and support. Therefore, you will discover that the broker has offered responsive and prompt customer support to its clients. You can get in touch with their agents via email or phone call. Their agents are very responsive and friendly so they answer your questions quickly and precisely. They make sure you understand what needs to be done.
Final Verdict
There are numerous perks that a trader can enjoy when they go with XTRgate for crypto trading. The crypto offerings are enough to push anyone to this crypto trading company. The remaining aspects of the broker just go to show that even new brokers can do an excellent job in providing people with everything they need for profitable and smooth trading in the crypto market.
| ROBOT | RATING | PROPERTIES | TRADE |
|
Top Rated Robot |
80% Acclaimed Win Rate$250 Min DepositAccepts Credit Card |
Trade Now |