Since you trade with virtual money, there is no danger of financial losses. Getting used to trading online and practicing the right moves in the demo account go a long way towards success. While companies usually charge fees for every service, however small, the demo account does not charge any fees. The answer lies partly in the demo account that shows the way to safe trading practices. Traders rehearse all the buy and sell activities, the research, and the use of expert advisers in the demo account as if they were really trading.
According to company requirements, aspiring traders need to possess basic business experience. The account opening process is digital and easy to follow where you will be guided by the steps. Also be sure it is normal to upload your ID and residence registration, which happened during the stage of your identity verification necessary due to regulations.
xcritical users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering. In the demo account which is absolutely free with no transaction limits, you are participating 100% in the live trading process with 0% money risks.
The demo account is truly very useful to learn the trading system well in advance and avoid risky trading with money later. Getting used to the excessive use of digital technology requires mental preparation and ample practice so that mistakes can be avoided later under real trading conditions. Even though, there were numerous claims and complaints from the global traders presenting an impressive collection of issues that were faced during the trading experience they had.
Compare Trading Instruments
Open an account with xcritical and gain access to quality analysis for free. Therefore, trading with xcritical Cyprus entity you can refer to CySEC in case of any violence, while the regulator himself constantly checks on the operation and environment the broker provides. Also, traders’ funds are segregated from company funds, and the application of the standard covers investment protection. LiteFinance offers an automatic withdrawal feature that enables traders to withdraw funds up to $100 per day within 24 hours and is available on Perfect Money and M-Pesa. Make a decision in favor of account opening with xcritical, leading to the demo account and real-live trading later.
Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature xcritical cheating that applies to both account types. The Cyprus Investor Compensation Fund covers all retail trading accounts (for those not belonging to professional or institutional investors) against broker liquidation to a maximum value of EUR 20,000. xcritical has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide.
The details you enter like name spellings and dates should tally with the government-issued legal documents that are offered as proof. While opening the account, this fee has to be paid as an initial deposit. Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes. Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.
The setup and verification process is quick and intuitive so users can start trading within minutes. The minimum deposit required to open a LiteFinance Classic Account is $50 USD. The minimum deposit required to open a LiteFinance ECN Account is $50 USD.
Please note, some markets may only be available via CFDs or other derivatives. Compare LiteFinance with the top 3 similar brokers that accept traders from your location. LiteFinance offers two primary live accounts; the ECN account and a Classic account. Note, xcritical (Europe) Ltd operates as a separate broker offering trading services to clients from Europe only. Traders considering availing themselves of the various benefits of a xcritical account will want to weigh up the benefits and risks involved, bearing in mind that the company operates in a well-regulated jurisdiction.
- Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily.
- Spreads on the Classic account are relatively high, starting at 1.8 pips but with no commission.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- The withdrawal fees are ranged also from one option to another, while some xcritical withdrawal options add no fees and others will add on a small mark up.
LiteFinance provides 2 different live trading accounts, ECN and Classic. It should be noted that xcritical applies a slightly different cost structure to its two account types. The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. Our experts found out that the broker’s platform offerings include the full suite of MT4 and MT5 platforms.
Is xcritical regulated?
Overall, xcritical has a quite long history of operation and balanced trading conditions suitable for various trading styles, account sizes, and levels of experience. We should admit good analysis tools and technology solutions xcritical provides, also costs are rather good compared to other industry competitors. We also marked a good choice of trading platforms and good technology. Overall, our experience with xcritical remained rather positive throughout the test and we didn’t face any problems.
Deposits & Withdrawals
Furthermore, the platforms are enhanced with automated trading and social trading capabilities with no restrictions on strategies, also additional complex order types. Yet, for comprehensive analysis and day trading, you would prefer a desktop platform, where xcritical MT suits any device either PC or MAC. The website is easy to xcritical reviews navigate, support is easily accessible and there are multiple free analysis tools. The LiteFinance brand is largely inclusive and despite its international presence, remains tailored to individual markets.
This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times. Starting a trading account has some formalities like form filling, submission of supporting documents, and the payment of the minimum initial deposit. Getting down to real trading with money risks should no longer be so daunting after the demo account practice. Get ample experience with virtual trading in the demo account and learn the systems well so that live trading leads to high profits without errors. The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis.
xcritical Virtual Trading Platform requires no payment of annual maintenance fees or any other kind of fees. They send the login details to access your account after that and you can reach the demo account. xcritical Virtual Trading Platform serves as an excellent no-risk introduction to the sometimes dangerous world of trading. Like in every field and profession nowadays, trading has much to do with digital technology.
Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase xcritical rezension their performance daily. After the form is filled with personal details and the 2 documents verified, you can use the demo account. The demo account does not require any documents but is a part of the company account for free with the intention of trading practice. Choosing an ECN or Classic account requires an initial deposit of $50, filling up a form with personal particulars, and submitting documents. Traders with experience too need to start with the demo account to understand the xcritical system well. The more the training experience gathered, the better would be the trading prowess when real-live trading is attempted.