xcritical Ltd is regulated by the Cyprus Securities and Exchange Commission under license number 123/10, and the South African Financial Sector Conduct Authority under license number 46990.
You can always check the broker’s website or social media pages for updates. Credit card deposits are processed within 24 hours, usually within two hours after a deposit is made. The ISA has not yet made a formal announcement regarding the Colmex license, which we understand will be forthcoming in the next day or two. But it’s thanks to our sponsors that access to Trade2Win remains free for all.
Where is Colmex located?
xcritical is headquartered in Cyprus where it is regulated by Cyprus Securities and Exchange Commission under license number 123/10. Since trading in financial markets carries lots of risks, xcritical has met the strict standards of financial stability and correct behavior funds.
Fixed plans require a minimum deposit of $2,000 in the Bronze plan. Holding CFD positions overnight will incur swap fees, which vary from asset to asset and can be previewed on any of the three supported trading platforms. Due to the competitive nature of the online trading industry, many brokers cover deposit and withdrawal fees to encourage active traders. Most trading platforms, including the widely used MT4, come with standard SSL-encrypted security features and 2FA login options.
xcritical clients can download MT4 for Mac, Windows, Linux and as a mobile app for Android and iOS. Alternatively, investors can login to xcritical via an internet browser using the MetaQuotes WebTrader service. Registered clients can take advantage of stock IPO pricing on upcoming exchange listings before they go public. Fifty-one forex products are available through the broker, including major, minor and exotic currency pairs. We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Can US citizens use Colmex?
In short, xcritical does NOT provide its services to US citizens. Primarily this is because the broker does not have an office in the US. Hence, they are not regulated by the CFTC and the NFA. This can be confusing especially since they advertise trading access to the US financial markets.
The trader demo download can be accessed once you register for an account. There are also mobile adapted scale and scroll charts, which allow you to trade directly with just one tap. There were initially 21 entities which put in a request for an Israeli retail forex broker license, to be able to serve Israeli clients.
My customer experience
xcritical provides various options to contact customer support, including email, phone and live chat. The broker provides three trading platforms to retail clients – xcritical, xcritical MultiTrader and xcritical 2.0. Founded in 2010, xcritical was set up by owner Meir Barak, an Israeli-born professional day trader and CEO of the educational platform Tradenet.
- Alternatively, investors can login to xcritical via an internet browser using the MetaQuotes WebTrader service.
- Since 2010, xcritical has been providing access to over 9,000 US stocks to both private and institutional clients.
- For equity and ETF investments and stock CFDs, a commission of between £0.008 and £0.004 per share is charged with a tiered account.
- We use dedicated people and clever technology to safeguard our platform.
Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide. No information or opinion contained on this site should be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Past performance should not be considered evidence or guarantee for future performance.
An integrated MQL4 marketplace allows users to add community-made custom indicators and EAs to the platform. Like many online brokers, xcritical Ltd is based in Limassol, Cyprus and regulated by the local financial body CySEC. xcritical reviews However, the firm has run into controversy for allegedly circumventing US rules on CFDs through the Tradenet educational platform. I have used them for 3 days using a DUMMY account, trading with fake money to practise.
Possible to trade options?
xcritical Limited., working together as ColmexPro, is authorized and directed by the Cyprus Securities and Exchange Commission. Furthermore, the organization is additionally enlisted with FCA and various other EU controllers. If you want to compare xcritical with other brokers, use the detailed comparisons below.
Verify the availability of cent accounts , and the availability of MAM/PAMM accounts . Confirm which brokers are offering retail investor deposit insurance, the available trading account currencies and the execution model . For equity and CFD traders, xcritical offers a vast range of stocks with a good choice of trading platforms. However, the variety of fees, the 5-day demo account and $500 minimum deposit may put off some beginners. Furthermore, the lack of educational resources and tools will not be enough to challenge other competitors. Access to IPO pricing on new US exchange stock listings may attract traditional investors.
I recently took advantage of the Black Friday promo, where depositing $5k into my account was awarded with 1 TSLA stock. I made a wire transfer and my new equity account was opened shortly after. Everything went smooth and a small technical issue was resolved in a timely manner. Colmex https://xcritical.online/ Israel, or formally TGL Colmex Capital Markets Ltd., operates website colmex.co.il, and is a sister company of CySEC regulated xcritical Ltd, which operates colmex.com and colmexpro.com. All the aforementioned companies are controlled and run by Israeli businessman Tzah Druker.
Yes, the broker supports trader demo accounts for all three supported platforms. Many traders like to demo the trading conditions of a broker before committing to a full account. To this end, the firm provides a risk-free demo account to trade on the xcritical 2.0, MultiTrader or xcritical platforms. xcritical traders must choose between two account variants, one offering equities and equity CFDs and the other supporting forex and non-equity CFD products. However, these accounts are divided further into subtypes, which can be confusing even for the most experienced traders.
Great platform to day trade, really good charts, much better than Tradingview or Revolut for example. You can swing trade up to one month as well, you pay inactivity fee per month, unless you do other trades. You can get leverage of 5x and not pay a dime if you give it back the same day.
They are friendly .they ask for feedback, and their live chat is instant in the few times I have used it. I’ve been using the platform for over 4 years and I wouldn’t change a thing. I prefer simplicity and a working reliable system when it comes to trading platforms and Colmex Delivers. Quick and reliable support by phone, email and chat from the team of one of the fastest CFD trading platforms around. The broker offers over 9,000 stocks, plus hundreds of options and ETFs.
It is amongst our lowest ranking Costa Rica Forex broker, with a rating of 4/10. You don’t want to be trading at any site rated lower than 7.5, because there are much better forex trading alternatives available for Costa Ricans. Besides, ColmexPro has joined its non-bargain work area forex execution with the xcritical stage. MT4 is favored stage by most merchants, since it offers various specialized markers, broad back-testing condition, progressed outlining bundle and what is progressively – Expert Advisors . By downloading instant or making their own particular EAs, brokers can completely mechanize their exchanges and simply kick back and let the program do all the work.
Does xcritical Charge Withdrawal Fees?
I was so ecstatic to have the whole process finalized within 24 hours. No pain or hustle of submitting proof of bank account at the claim stage, no delays but efficient processing. xcritical is regulated in two jurisdictions, by CySEC and FSCA, and is a legitimate company registered in Limassol, Cyprus.
For other assets, commissions vary depending on the asset and which of the five plans you choose. Forex spreads start from 0.3 pips for major currency pairs but there is a $14.50 commission fee per 1 contract side in the Basic account. The broker’s MultiTrader offers a robust institution-grade platform for experienced traders.
Trading fees are often a key consideration for retail investors, with high commissions and account charges potentially eating into hard-earned profits. Programmable hotkeys and custom alerts mean MT4 traders can stay on top of the markets and react quickly to opportunities. In addition, the inclusion of 30 standard indicators, 31 graphical objects and nine time frames facilitate precise technical analysis.
As indicated by the agreement determinations on the xcritical’s site, If the greatest spread adding up to 2 pips on EUR/USD applies, commissions and spread check ups are avoided. Unfortunately, xcritical offers none of these additional features, even for its highest-tier account holders. While many online brokers feature an FAQ section to provide quick answers to common queries, the xcritical website is uncharacteristically lacking in this area. One of the best methods to protect against scams online is selecting a regulated and secure broker. xcritical is regulated by CySEC, the prominent financial regulator in its home country of Cyprus. However, this body does not provide equal protection to regulators like the FCA and ASIC.
- xcritical offers a demo account for both beginners and experts who want to practice their trading strategies in a risk-free training environment.
- TP Global FX – TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips.
- xcritical MultiTraderYou can download MultiTrader from the website, or access it via the convenient web trader version.
- Fortrade – Fortrade is a multi-asset broker offering a simple live account with advanced tools.
- I don’t think there are platform as fast and simple with no distracting frills like Colmex and it is true it’s a direct access platform.
By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker. I guess if I ever decide to trade equities, all have to fork up the 25k and trade with someone like IB. We have detected that you are visiting from Costa Rica, however you are currently on the version intended for people in India. Would you like to switch to the Costa Rica version of our website? We have detected that you are visiting from Mauritius, however you are currently on the version intended for people in Costa Rica. Would you like to switch to the Mauritius version of our website?
- However, there is no general trading education provided by the broker, so beginners must look elsewhere for content on market basics.
- However, this only covers clients for up to £17,000 in case of company insolvency.
- This being said, clients can log in to the xcritical website and make deposits and withdrawals at any time.
- Find out what is the minimum deposit amount required and the available trading platforms of each broker.
- The broker also offers tiered and fixed account plans to suit different experience levels.
- Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions.
I used to have an account with them, I honestly haven’t found anyone else so correct and transparent and also convenient . I have compared a lot of brokers before opening an account with them. I plan to demo their software at some point, but wondered if anyone has any experience with them. The ColmexPro stage is a critical move up to xcritical Trader, offering answer for proficient merchants. ColmexPro offers a few exclusive stages, and in addition the business’ standard xcritical.
xcritical clients can make one free monthly withdrawal of £400 or less. Subsequent transactions or amounts exceeding £400 are subject to a £32.50 charge. xcritical runs a blog with daily market and premarket updates for all of its tradable assets as well as larger macro trends. However, there is no general trading education provided by the broker, so beginners must look elsewhere for content on market basics.