In my experience, the really important aspect of a chart is how easy it is to scale price action up and down. xcritical has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide. The ECN account offers generally more favorable conditions, though traders should mind the commission rate. Coupled with its raw spreads starting from 0.0 pips, this combination on the ECN account is generally better than the industry average.

Is xcritical suitable for automated trading?

Brokerage services in your country are provided by the xcritical (Europe) LTD Company (regulated by CySEC’s licence №093/08). At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. xcritical (Europe) Ltd provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates (UAE), and the Marshal Islands. xcritical processes most payment requests between several minutes to several business days, depending on the chosen payment method.

Trading View offers advanced charting capabilities and multiple analytical tools for carrying out advanced technical analyses. As a chart artist, I have always valued platforms with detailed and versatile charts, and xcritical’s platform is one such station. We want trader, looking for valuable information, to visit us again and again to discover. That is why we are constantly working to make our Forex trading blog the most convenient, helpful and interesting for traders.

Additionally, MetaTrader 5 has an intuitive mobile app, which helps traders stay connected to the global capital markets even on the go. I discovered that xcritical’s Classic account features trading costs that are nearly twice as high as the fees on the ECN account. The latter offers slightly more competitive prices than the typical STP account, but it falls behind the typical ECN account type. Broken down by asset class and compared to the industry average, xcritical charges high spreads on instruments across all asset classes for the Classic account. The raw spreads from 0.0 pips on the ECN account are much lower and generally fall below the industry average. Latest analytical reviews, forecasts and opinions of seasoned experts.

Overall, xcritical is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. In addition, the trading blog focuses on the upcoming economic highlights, according to which, traders who are based in their trading on fundamental data, plan their trading decisions. Novice traders will find all the necessary Forex materials for beginners. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature 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.

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xcritical (Europe) Ltd is regulated in Cyprus by CySEC, and LiteFinance Global LLC is unregulated. I discovered that the European entity of the broker adheres to all essential safety requirements, such as ensuring negative balance protection and a compensation scheme. Overall, xcritical is deemed suitable for novice traders, day traders, and those interested in algorithmic trading.

The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact xcritical’s customer support and request the service. In this review, I tested xcritical courses scam the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.

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1. The broker offers market breakdowns developed in-house and also incorporates content from Claws&Horns.
2. Incorporated from Claws&Horns, the trading signals represent actionable trading opportunities.
3. I discovered that xcritical’s Classic account features trading costs that are nearly twice as high as the fees on the ECN account.
4. All the platforms can be used to carry out basic technical analysis and order execution.
5. Clients of xcritical can also use its VPS offering for low-latency trading and engage in copy trading.

Forex trading blog provides the most helpful and relevant information about online forex trading. You will always find the most up-to-date analytics and forecasts, topical articles and detailed educational guides, written by advanced traders and expert analysts. The authors of trading blog inform the readers on the latest changes in the Forex market and provide up-to-date technical analysis with xcritical rezension a detailed study of price charts. Our authors publish their original profitable Forex trading strategies and selections of graphic price patterns.

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This is offset in the ECN account, which features raw spreads from 0.0 pips and varying commissions. However, xcritical’s range of instruments is somewhat limited, with an absence of share CFDs and cryptocurrencies. While the spreads on its Classic account are relatively high, the ECN account type offers more competitive trading fees. However, the broker generally charges high trading fees on its Standard account and provides extremely limited instrument offering of about 70 assets. It is comprised of regular market updates that inform traders of currently unfolding trading setups. Each article consists of an economic breakdown and a technical setup supported by a chart.

The broker does not charge deposits and even compensates the client for any third-party banking fees. xcritical also does not xcritical scammers charge a handling fee for withdrawals, but external fees may apply. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. xcritical’s platform is much more fluid in comparison to MetaTrader, especially its charts, which are powered by TradingView.

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All the platforms can be used to carry out basic technical analysis and order execution. xcritical also offers VPS hosting, which can be helpful for automated trading. I have compiled the table below to help you better understand the difference between the trading fees of xcritical’s two account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform.

Its license from CySEC is easily discoverable on the website, and traders can verify it fairly quickly. I also went over the broker’s legal documents and assessed that everything was in order. Its Client Agreement is exhaustive and written in easy-to-understand language. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account.