General Information & Regulation
Xpoken says to be a forex and CFD broker, trusted by traders in over 80 countries. Xpoken is owned and operated by an offshore company called Xpoken Ltd., based on the sunny Caribbean islands of St. Vincent and the Grenadines. Xpoken does not fall under any regulatory agency.
Market Instruments
Xpoken offers trading in Currencies Trading, Spot Commodities, Spot Indices, Spot Energies, Digital Currencies, spot Shares.
Minimum Deposit
Three trading accounts are on offer: Student (with a minimum initial deposit of $250), Starter (with a minimum initial deposit of $2,500), and Premium (with a minimum initial deposit of $10,000), Advanced (with a minimum initial deposit of $2,5000), Pro(with a minimum initial deposit of $50,000), and VIP(with a minimum initial deposit of $100,000).
Micro Trade Size
The minimum trade size per lot allowed by Xpoken is 0.01 lot, which sounds good for inexperienced traders.
Leverage
Xpoken offers leverage as high as 1:400. However, trading with an unregulated broker offering high leverage is not a good option, since leverage can magnify returns as well as potential risks.
Spreads & Commissions
Xpoken offers floating spreads, but does not specify its spreads and commission conditions.
Trading Platform Available
Xpoken offers its traders a proprietary Web Trader called XPTrader, available for PC and mobile devices. However, most legit broker would offers the industry-recognized and widely used MT4 OR MT5 trading platform.
Deposit & Withdrawal
Xpoken seems only allows traders to fund their accounts through Credit/Debit Card (Visa & MasterCard).
Customer Support
The Xpoken customer support is available 24/5, and can be reached through telephone: 18008614098, email: info@xpoken.com as well as live chat. Address: Suite 305, Griffith Corporate Centre Kingstown, St. Vincent, and the Grenadines.
