Note: Since Xmarketss official site (https://www.xmarkets.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
Xmarkets, a trading name of Celestial Trading Limited, is allegedly an unregulated, blacklisted, offshore and scam forex broker opened in August of 2017 and registered in Seychelles. The broker claims to provide its clients with various tradable assets on the web-based trading platform.
Market Instruments
Xmarkets advertises that it offers a wide variety of trading products, including CFDs on over 20 forex currency pairs, indices, stocks, futures, commodities, crude oil, binary option, gold and silver.
Trading Platform Available
The platform available for trading at Xmarkets is the web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Xmarkets says to work with diverse payment methods, consisting of Visa, Mastercard, Maestro, Neteller, Paysafecard and Wire transfer. The minimum initial deposit requirement for the most basic account is $250. As for the processing time of withdrawal requests, the broker states that it may take up to 14 business days to process.
Fees
Xmarkets also charges an inactivity fee. If the trading account is inactive for more than three months, it will be charged a $50 inactivity fee.
Customer Support
Xmarkets customer support can be reached by telephone: +441515414060 +441515414475, email: support@xmarkets.com. Company address: Global Gateway 8, rue de la Perle, Providence, Mahe, Seychelles.
