General Information & Regulation
XTrend Speed is the brand owned and operated by Rynat Capital (Pty) Ltd. XTrend Speed claims that it is regulated by FSCA (Financial Sector Conduct Authority) under the FSP license number 23497. However, it has been verified that the license it holds is a clone one.
Market Instruments
Tradable financial instruments available on the XTrend Speed platform include forex currency pairs, indices, cryptocurrencies, commodities, as well as shares.
Minimum Deposit
When it comes to minimum initial deposit requirement, XTrend Speed ask traders to deposit at least $5. Although this is the reasonable amount, given the fact that XTrend Speed is an unregulated broker, traders should stay away from it.
Leverage
Trading leverage offered by this broker varies depending on client types, retail or professional traders. The maximum trading leverage for retail traders is capped at 1:30, while professional traders can apply higher leverage up to 1:300 based on their knowledge and experience.
Spreads & Commissions
Floating spreads vary throughout the day, depending on market volatility and available liquidity. As per XTrend Speed official website, the spread on the EUR/USD pair is from 0.4 pips, GBP/USD pair from 1.2 pips, USD/JPY pair from 0.4 pips. For more detailed information, pls refer to XTrend Speed official website.
Trading Platform Available
Deposit can be done via Bank Wire transfer, Credit Card, Debit Card and Alternative Payment Methods. To be able to withdraw your funds on your XTrend Speed trading account, access your XTrend Speed Portal and initiate your withdrawal from the designated tab and proceed to complete the online form. The processing of the withdrawal request takes up to 1 business day.
Deposit & Withdrawal
Deposit can be done via Bank Wire transfer, Credit Card, Debit Card and Alternative Payment Methods. To be able to withdraw your funds on your XTrend Speed trading account, access your XTrend Speed Portal and initiate your withdrawal from the designated tab and proceed to complete the online form. The processing of the withdrawal request takes up to 1 business day.
Customer Service
The XTrend Speed customer support team can be reached through telephone, email, live chat and Whatsapp. Live chat can be quickly get responded.