XTRgate Broker Review
Are you new to the world of crypto trading? Cryptocurrency has become a popular trend in the last few years and the pioneer Bitcoin was first introduced in 2009. The concept is undoubtedly revolutionizing because this digital currency has the power to eliminate the interference of banks and other third-party institutions. However, it is also a fact that these digital assets can be very confusing, particularly when you have just taken an interest. If you want to trade cryptocurrencies to benefit from their potential, it is best to do it from a platform that has been especially designed for it.
Even in this regard, you will find numerous options, but not all of them can do what XTRgate can. This is a crypto trading platform that has been designed to help people in buying, selling and trading the crypto of their choice. You can have the ultimate trading experience with XTRgate because it offers its users with the best range of assets, the highest margins in the industry, various account types and other features that can assist people in taking full advantage of the market. XTRgate has its headquarters in the United Kingdom where it was formed in 2019. The platform itself may be new, but the team behind it has more than three decades of trading experience in different markets.
Hence, these people understand the needs of traders and have been able to incorporate the necessary features and services that can help everyone have an intuitive and smooth user experience. When you opt to use XTRgate for making your venture in the crypto market, you will be able to hit the ground running. The best thing about this platform is that it is not aimed at a specific type of trading; this coin exchange has been developed for newbies and experts alike. Want to know more? Check out XTRgate’s top offerings:
- More than 40 crypto pairs for trading
When you are thinking of signing up with a broker, it is prudent to take a look at the assets it is offering to you because you want to ensure it has what you are looking for. As far as crypto trading is concerned, you will undoubtedly be wowed by XTRgate’s massive offerings. It offers you a lot of trading potential with more than 40 cryptocurrency pairs available. For instance, you can trade the top cryptocurrency i.e. Bitcoin with a variety of fiat currencies and other cryptocurrencies as well. Some of these pairs include Bitcoin-USD, Bitcoin-EUR, Bitcoin-Tether, Bitcoin-GDP and Bitcoin-Litecoin.
However, unlike most of the other brokers in the market, XTRgate’s crypto offerings don’t start or end with Bitcoin. The broker also gives its clients the opportunity of investing in other popular cryptocurrencies in the market, such as Ripple, Ethereum, Litecoin, Tether and Dash. It is undoubtedly a good thing because it allows traders to have a diverse portfolio of cryptocurrencies, which can be exchanged or sold with ease.
- Availability of margin funding, trading and high liquidity
XTRgate has been designed to help people in trading a variety of cryptocurrencies, as mentioned above. Simultaneously, the broker ensures that slippages are kept to a minimum and supports margin trading. In this form of trading, traders can have access to leverage as high as 1:20 on XTRgate. This means that the broker allows you to open trades of a much higher value than the funds you may have available. It can increase the potential of high returns, but you should remember that the risks are just as high. Nonetheless, experienced traders can take great advantage of margin trading.
Since XTRgate supports margin trading, it means that traders can also take advantage of a margin funding market. It is an excellent way for them to earn interest on digital assets as well as fiat currencies. It can be a great benefit for traders who have been on the lookout for a platform that can offer them leverage. Hence, this form of trading lets you offer funds across different currencies and assets for a duration and at a rate that seems suitable to you. The platform also boasts an Auto-renew feature that will renew your offer automatically once it expires.
Apart from that, XTRgate fully understands that the crypto market is highly volatile. Traders have to move very quickly if they want to maximize their profits and minimize their losses. The broker provides deep liquidity to help traders in executing transactions at a price that suits them. Through this platform, you will be able to see your chosen cryptocurrencies as close to the asking price you want. A high trading volume is offered by XTRgate and it charges low fees to make it happen.
- An easily usable and versatile trading platform
A common issue with most crypto trading platforms these days is that they are too complicated and cluttered. It is not just the sign-up that can be taxing, it is also the user interface that can be disappointing. If it takes too long for a trade to be executed, the market may change and you may not get the outcome you expected. Thus, traders need a fast, smooth and easy-to-use trading platform and this is exactly what you get with XTRgate. The broker gives you easy access to all tools that are needed and you can start trading as soon as you have made a deposit. It only takes a few minutes for you to familiarize yourself with the interface.
The trading platform offered by XTRgate may be simple, but it is functional and works via web browsers. It also allows one-click trading, which can make it incredibly easy for traders to open and close trading positions. Moreover, the broker knows that the market moves rapidly and so they have provided iOS and Android mobile apps that can be used for setting trades and monitoring the market 24/7, even when you are unable to access your computer.
- Exemplary safety and security measures
The internet is rife with cybersecurity threats and this can often make people feel unsafe when they have to share personal information with anyone or deposit their money anywhere. This also applies to the world of online trading. When you are signing up on a crypto trading platform, how can you entrust them with your money and your sensitive information. You need to take a look at their security measures that they have in place. XTRgate seems to have outdone itself in this aspect because it is using industry-leading tools and policies for protecting your information and investments.
They have tapped into the expertise of security professionals for coming up with sophisticated and detailed measures for detecting and preventing any attempt to access their servers or network. There are different security measures and policies in place and some of the top ones are:
- Information security: The information accumulated by the broker during the process of opening an account is highly sensitive. Therefore, they encrypt all kinds of information at system and data level and access is strictly monitored and controlled. They have also implemented a KYC (Know Your Customer) policy, which requires every single individual signing up on their platform to verify their identity and provide proof of address.
- Platform security: XTRgate keeps all its servers in secure cages and they are protected by security guards and also subjected to 24/7 video surveillance. No matter what type of access is granted, whether via code or physical, it is strictly controlled and monitored and nothing can be changed or used without proper authorization.
- Financial security: One of the best things about XTRgate is that it maintains full reserves for allowing its clients to make withdrawals whenever they feel like it. 95% of the funds that are deposited with the broker are kept offline in cold storage, which is geographically hidden and air-gapped. Other than that, the broker also has an AML (Anti-Money Laundering) policy in place, which ensures that their platform is not used for any illegal financial activities.
Efficient and simple registration
The registration process at XTRgate is quite simple. It is easy to follow, even if you are trading for the first time. You just need to visit their website’s homepage, click on the ‘Register Now’ button, provide some basic details and your account will be created. Once you have entered all details, you will be asked to verify your account. As mentioned earlier, this means giving proof of ID that can be any valid government-issued ID like driver’s license, passport or ID card. You also need to give proof of address, which could be any utility bill or your bank statement showing name and address.
- Different account types for traders
No two traders are the same. Some have detailed knowledge of the crypto market and experience while others may be starting from scratch. The needs of every trader is different, which means they require different services and features. XTRgate offers numerous account types so you will have lots of options to choose from. You can choose an account type based on your trading needs. Some basic features are included in all accounts like 24/7 customer support, access to educational centers and pro webinars. The account options that you will get are:
- Basic: Requiring a deposit of 1000 Euro, GBP or USD, this account comes with customer support, educational center, pro webinars, and daily market review.
- Bronze: With a minimum deposit of 10,000 Euro, GBP or USD, it has all the features of the basic account and gives junior level price alerts as well.
- Silver: You need to deposit 25,000 Euro, GBP or USD and it adds an account manager for three months and five PIA trading signals in a day.
- Gold: The deposit requirement is increased to 50,000 GBP, USD or Euro. The account manager will now be available for six months and signals will be provided 10 times a day.
- Platinum: You have to deposit 250,000 Euro, GBP or USD for this account. It gives you VIP price alerts, account manager for 12 months, unlimited trading signals, PIA SMS signals and a personalized trading strategy.
The broker also has a Black account, which has some specific requirements. You can ask your account manager to provide you with details. This account can give you one-on-one trading trainer and exclusive position access.
- Access to educational resources
XTRgate has gone through the effort of providing its clients with access to educational materials on their platform. This can be used by traders for diving deep into different aspects of the crypto market and can help them in mastering the trading process. The educational resources that you can find on the website range from full-on video courses to helpful guides. It is should be noted that these resources can be incredibly valuable, especially when you are new to the world of crypto trading. With the help of these resources, you will be able to accumulate the knowledge and skills you need for becoming a successful trader in the crypto market.
- The banking is extremely convenient
The methods offered by a broker for making deposits and withdrawing funds are important because it can have an impact on how convenient the trading process is for you. XTRgate has added a number of options to ensure that their clients don’t have to deal with a lot of hassle for making payments or withdrawing them. There are three ways that can be used; you can go with bank wire, debit or credit cards or e-wallets. Deposits are free of charge.
Withdrawals are also a straightforward process. You just need to submit a withdrawal request and as long as your account is verified, it will be processed within a day or three working days. This is significantly faster than other brokers that often take a week or two for processing requests. Withdrawals via bank often incur charges imposed by the bank.
XTRgate also offers very competitive spreads to its traders, going as low as zero, and their customer support just finishes off a well-designed trading platform.