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XMarkets is a young offer for trading on the Internet. The provider makes forex trading available and can therefore be described as a versatile contact point. At the same time, XMarkets is also one of the most well-known brokers on the market. A closer look at the portfolio, which we took on the provider in our following XMarkets test, is all the more interesting.
|🥇 Best bidder||XMarkets|
|⭐| ||58Bewertung||4.0 / 5.0|
|🐂 Trade Offer||CFD and Forex|
|💻 Trading Platform||Browser Based|
|🏆 XMarkets||For comparison|
As in any other industry, there are some providers in online trading who cannot be described as reputable and secure. These companies should not be targeted because traders can never count on a healthy return here. XMarkets offers several protection mechanisms and is also monitored by the responsible authorities in its home country. This provider can therefore be described as absolutely safe, which is underlined once again by the required license.
Our experience at a glance
As already mentioned at the beginning, XMarkets fixates on the Forex Trade. Trading takes place on a powerful platform that can be used without prior software download. The traders only have to open their own trading account, which can be set up within a few moments. Once this has been done, deposits can be made and trading can begin. It is good to know that all sensitive information from the provider is protected with 128-bit SSL encryption and traders never have to worry about their data.
|Company||SG Innovation Ltd.|
|Address||Trust Company Complex, Majuro, Marshall Islands|
|Phone||(+49) 6964 357331|
|[email protected] .com|
We have had good experiences with the portfolio, which is versatile in forex trading. Also convincing is the fact that a learning area is provided for the newcomers and all traders can stock up on relevant news in the news section. In terms of customer support, the provider also presents decent aspects and allows contact, for example, by phone, live chat or email.
XMarkets Check: Scam or not?
The homeland from XMarkets is the Marshall Islands. The provider works accordingly with a license from the local authorities, which can already be described as the strongest proof of seriousness. The competent authorities monitor the portfolio at all times and ensure that it is a fair offer. In addition, the broker protects its traders with SSL encryption, for example, which protects all sensitive information. For example, whenever a trader makes an investment or enters information in a form, it is protected with SSL encryption. The consequence for the traders' data: This is always transmitted securely and cannot be viewed by criminals, for example. There are also no hidden fees or the like on the website, so that XMarkets fraud can be ruled out in every respect.
Overview of the XMarkets range
XMarkets enables trading via a powerful and reliable platform offered for the browser. The traders do not have to download any software, but can start trading on the Forex market directly in their respective browser.
All about Forex trading at the provider, it can be said that this is also made available in an attractive variety. Trading is here not only open to private individuals, but is also offered to companies. Fees for trading in the form of transaction costs are required, which depend on the respective trading price. A plus point: Traders can use leverage when trading forex and thereby significantly increase their potential return. However, leverage is not recommended for newcomers and inexperienced traders.
Bonus: The "fat years" are over
In fact, the broker's portfolio included an XMarkets bonus for a long time. This was made available to new traders and promised them an additional credit when they started trading. However, this offer is no longer available, so there is no bonus or similar. If this should find its way into the portfolio again, we will of course also check the XMarkets Bonus thoroughly.
Deposits and withdrawals
The deposits and withdrawals are one for traders of the most exciting areas when it comes to looking at a broker portfolio. After all, the traders first have to bring a certain amount of investment into their account, while at the same time the return should of course end up safely in their own wallets. It is good to know that all transactions with the provider are protected with the help of SSL encryption. No sensitive information is transmitted unencrypted, which is why this data is protected from unauthorized access at all times. Traders can use several options for deposits into the trading account. These include bank transfer, Mastercard and Visa, Maestro, Skrill and Neteller credit cards. It is important to note when making a deposit that a minimum of 250 euros must be paid in. The maximum for deposits is 10,000 euros. Fortunately, no fees are charged.
|Payment methods at XMarkets|
|Payment options:||Skrill, Neteller, credit cards, bank transfer, Maestro|
|Minimum deposit:||250 Euro|
|Account management possible in:||USD, EUR|
|Payout options:||Bank transfer, credit cards,Skrill, Neteller|
Traders have to pay attention to a few things when paying out from their trading account. First, it must be ensured that the account holders have fully verified themselves with the broker. A copy of the ID card, passport or other official document is required for this. Likewise, the payout of the return must always be carried out using the exact method that the traders used to fund their account. With the credit card, it is important to ensure that only the maximum amount paid can be paid out to the card. All winnings must then be withdrawn via bank transfer. A fee of 30 euros is also charged for withdrawals from the account if payments are made to credit cards. If the transaction is carried out by bank transfer, the fee is 30 euros and one percent of the payout amount.
Security & Regulation
XMarkets can already address the issue of security at first glance deliver some good news. The risk warning for trade can be found on the start page, which must be found directly on the main page of every reputable provider. In addition, of course, the control of the Marshall Islands authorities in the first place ensures a good feeling, after all, they monitor the work of the company at all times. Fraud on the part of the broker can thus be ruled out. In addition, the provider also protects its users. They can rely on SSL encryption, which applies to all payment transactions and form entries. This encryption is also used in online banking and guarantees that criminals never have access to user data. All in all, a good performance in this category.
In terms of customer support, according to our XMarkets experience, the provider cannot be greatly criticized. For example, customer support is available with just one click in live chat and can quickly answer traders’ questions here. It is a pity, however, that the support in the chat is not always available in Canadian. In this case, the evasion will be in English. As an alternative to the live chat, the broker offers its traders the opportunity to contact the customer advisors via e-mail and telephone hotline. There are no fees for either method, but the e-mail involves a slightly longer waiting time. Practical: Already when describing the subject, traders can narrow down their respective concerns by making a selection.
If all of this is not enough for you, we also recommend taking a look at the provider's help area. A few elementary things are explained here, so that in principle you can start directly after a short read. The FAQ area is offered in Canadian, which of course can be described as a clear strength. Also strong is the fact that beginners and even experienced traders are offered some great help with which they can make their trading much more effective. All newcomers will also find an explanation of the most important terms in the glossary.
User-friendliness of the broker
We were able to gain good XMarkets experiences with a view to user-friendliness. First of all, it is of course enormously advantageous that the homepage is made available in Canadian. In addition, the young broker also pays great attention to a visually appealing appearance that traders like to remember. The entire website looks extremely tidy and thus enables rapid navigation. Excessive loading times or similar problems do not occur here, which fortunately also applies to the trading environment itself. The bottom line is that the usability of XMarkets can be described as absolutely first-class.
Just like in the regular version for the desktop, the broker also dispenses with his mobile trading apps a download. First of all, the fact that a mobile XMarkets app is available at all is of course very positive. This can be opened very easily by the traders calling up the broker's website with their mobile device. This is presented in an optimized version and thus enables problem-free access to the entire offer. In our experience, there are no noticeable disadvantages compared to the regular version on the computer, so that the mobile offer is a real alternative.
Conclusion: Good offer, especially for newcomers
The broker XMarkets convinces in the test report above all with a modern design and an innovative offer. Forex trading is offered here. Traders can trade directly on the web without having to download any additional software - and this also with the mobile app. The portfolio is quite decent, even if the focus here is mainly on the minors andsome CFD brokers are a little better positioned here. But this should play into the hands of all newcomers. As well as the large learning area that the broker makes available to all traders at no additional cost. The minimum deposit of 250 euros is not quite optimal, at the same time the fees for the withdrawal are a bit of a shame. Apart from that, however, it is a very interesting offer which, according to our impressions, should definitely be checked thoroughly by traders. It is quite possible that XMarkets will prove to be the future number one for one or the other trader.