xDirect – reviews of Ukrainian forex broker and feedback form traders

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xDirect – Ukrainian Forex Broker

✅ This Trading Platform is available in United States

Overview of promising brokerage companies: xDirect

Each broker, regardless of work experience, education and other personal factors, has his own list of requirements for a potential broker with whom he would like to work. As a rule, this list includes:

● Company age and place of registration.

● Availability of documents authorizing the provision of financial services.

● Number of assets offered for work in financial markets.

● Training materials, analytical information and economic news, based on which you can make your own forecasts.

● Individual broker offers, distinguishing it from competitors.

The listed parameters give grounds for potential users to form a general idea of ​​a possible partner. But this does not mean that if the broker occupies a leading position in all the indicators indicated, it will enter the TOP 10-50 of the most famous companies in the world. Why it happens? Consider a real example that will help you understand the complexity and versatility of such a process as choosing a company that provides brokerage services. And for this we take xDirect – a fairly well-known subject of the global financial market, which has both traders and negative traders against it.

How xDirect formed its user network ?

The presented international brand was registered in 2006, in the state of Vanuatu and is a member of HTV companies. Using the technologies of the X Open Hub division, which specializes in serving the B2B sector (that is, its services are directed to companies engaged in “business for business”), it:

1. successfully works with private clients;

2. and offers ready-made business solutions to professional subjects of financial markets.

It was these specific nuances that helped xDirect from the very first days of its existence to actively form its multi-faceted network of clients. But this is only the beginning, so that users bring good profits, they need to create for this, all the necessary conditions.

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Security xDirect

Among the main factors that guarantee the safety of users of the trading platform, both the resource administration and experienced subjects of the global financial market, distinguish the following:

● By registering a firm in the Republic of Vanuatu, its owners received a license from this state – VFSC, which, combined with the financial legislation of the countries where it works, guarantees the preservation of the interests of the company’s clients.

● An application created for xDirect, the latest software and well-known platforms (Metatrader 4, MT4-Web, MT4 Mobile, xSocial, xMAM, etc.) guarantee instant execution of all transactions from both stationary devices and mobile gadgets. At the same time, all information is protected from intruders, and beginners can copy the transactions of experienced traders.

● Broker undergoes mandatory legal audit in a timely manner.

Still, the most important point in this section is the availability of the necessary regulators. And it is not only about the documents issued by the relevant institutions of Vanuatu.

xDirect Regulators

Of course, the presence of VFSC (registrar’s license) has a positive effect on the image of the broker. But the most important advantage of the company in question, forcing even the most suspicious traders to register with xDirect login is compliance with the requirements of MiFID. Some readers believe that this is one of the regulators of the EU countries, but in fact this fact is not true. MiFID – these are quite strict rules for the activities of financial companies registered in Europe. One of them is the minimum size of the share capital, which should reach almost 1 million euros! Are there many scammers and adventurers, even in rich Europe, who risk investing that kind of money in order to turn a complicated, multi-way combination, the purpose of which is to deceive a decent number of traders?

Training on xDirect

In terms of obtaining the knowledge necessary for working in the financial markets, xDirect can be considered one of the most “advanced” brokers in this regard. Customers can take an individual course that includes:

● basic xBasic (for beginners who have never worked in financial markets, including Forex);

● advanced xAdvanced (for traders with basic knowledge of financial markets);

● xPro (for traders with excellent theoretical background, but without practical experience).

Also, provided for self-study with the necessary literature, tips, video tutorials and analysis of real trading strategies. 24-hour assistance and a demo account created on xDirect will help you to solve any problem without asking for help from other web resources.

What rules are valid on xDirect ?

Many experienced traders, having fluently studied the above information, will immediately ask the question: what rules must the trading platform user follow in order not to get into an unpleasant situation? If we study the reviews prepared about xDirect, we can conclude that the site administration does not put forward any super-complex conditions. Users of the trading platform can open two types of accounts: CLASSIC USD (the account currency is the US dollar) and ELECTRON (the currency accounts are the Ukrainian hryvnia and the US dollar). The remaining differences (mostly minor nuances) can be checked on the official broker resource. Note! In this matter it is better not to trust unfamiliar sources of information!

Trading Terms of xDirect

When compiling an xDirect review, I had to check not only the official website of the presented resource, but also the comments of many well-known analysts who are professionally engaged in studying the global financial market. This is due to the fact that, despite the positive reputation, this web resource prefers to keep silent about some facts (we will not blame the site for things that no one has proved with 100% evidence, but as they say, there is no smoke without fire ).

Trading conditions of xDirect

● The minimum deposit amount is $ 100.

● Minimum transaction – 0.01.

● Spreads – from 1.2 (fixed for each asset).

● Currency accounts – hryvnia, US dollar.

● Maximum leverage is 1: 200.

● Affiliate program – provided.

Deposit / withdrawal of funds xDirect

You can replenish your trading account or withdraw your money using:

● Currency bank transfer.

● Plastic cards (VISA / MasterCard).

Assets and financial instruments that is available at xDirect

Despite the relatively modest choice of tools for making financial deals, real fans of xDirect are quite happy with this. Traders earn money with: currency pairs, commodities and metals, stocks, indices, options and CFD contracts.

xDirect Markets Review – is it scam or safe?

xDirect Markets is an unregulated, London based forex CFD and binary options broker. There is a possibility that xDirect Markets is a UK based subsidiary of the Ukrainian based xDirekt broker, owned by the Xeta Direct Ltd, that has a license in Ukraine and Vanuatu, as the logo of the two brokers is basically the same. However we were not able to establish that and for the purpose of this review will treat xDirect Markets as an unregulated broker.

Account type Min. deposit Max. leverage Spread s
Basic Account $1000 1:400 2 pips, fixed
Standard Account n/a 1:400 1 pip, floating
Pro Account n/a 1:400 n/a

xDirect Markets advantages:

xDirect advertises spreads as low as 0,3 pips. When tested with a demo account however the floating EURUSD spread was between 1 pips and 1,1 pips with no commission for the trade. We assume that this spread is offered for the Standard Account.

xDirect also offers a Basic Account with fixed spreads starting form 2 pips for the EURUSD pair and a Pro Account advertised to provide Straight Trough Processing (STP) trade. Spreads as tested are in line with the market average. Still you may check our list of brokers with competitive trading conditions:

xDirect offers a maximum leverage of 1:400 which gives traders enough room to implement their strategies. Still most brokers offer even higher leverage. Here you can check our list of brokers that offer leverage of 1:500 or more:

Lack of regulations

xDirect Markets has a London address and contact details, but the website contains no information about any regulation whatsoever. It is highly risky to trust your money with unregulated or “regulated” in offshore zones brokers as they have no legal obligation to obey any ethical rules and basically can do with your money whatever they please.

Licensed brokers on the other hand had to follow strict rules. Credible licenses are issued by respected financial authorities such as the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus and the Australian Securities and Investment Commission (ASIC).

FCA, CySEC and ASIC ensure the financial stability of their brokers by forcing them keep at all times minimum operational capital. In the case of FCA and CySEC the requirement is for 730 000 EURO and with ASIC – 1 000 000 AUD.

The financial regulators also require all licensed brokers to keep their clients’ funds in segregated accounts. That guarantees traders’ money will not be used by the broker or claimed by its creditors.

FCA and CySEC force their brokers to participate in compensation schemes that insure the trading capital, invested by their clients. With the Financial Services Compensation Scheme traders with FCA licensed brokers are entitled to up to 50 000 GBP of their trading capital in case their broker goes insolvent, while compensation with CySEC brokers can reach up to 20 000 EUR. Here is our list of FCA regulated brokers, that provide better security for their clients:

Excessive minimum deposit

The minimum deposit for opening an account with xDirect Markets is 1000 USD, which is quite high. With some big well established brokers like IG you do not have a requirement for a minimum deposit at all, while with most brokers that requirement is not more than 100 USD. Here you can check a list of brokers that offer more favorable trading conditions to their clients:

Conclusion

xDirect Markets is an unregulated, UK based forex CFD and binary options broker with an excessive minimum deposit requirement of 1000 USD. And although the broker offers various trading instruments with competitive spreads, potential investors should remember that with unregulated brokers they simply do not have security for their investment.

xDirect

  • Company xDirect
  • Founded in 2020
  • Offices in
  • Credit/debit cards
  • PrivatMoney
  • QIWI
  • WebMoney
  • Wire transfer
  • Yandex.Money
  • Euro
  • Russian rouble
  • Ukrainian hryvnia
  • United States dollar
  • Email
  • Office
  • Phone
  • Skype

Account Types:

  • Hedging
  • Overnight interest rates (swaps)
  • Pending orders
  • One-click trading
  • Mobile trading
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 1.6
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
  • Forex 1:200
  • Gold & silver 1:100
  • Stocks 1:20
  • Indexes 1:100
  • Soft commodities 1:66
  • Cryptocurrencies 1:5
  • MetaTrader 4
  • xOption
  • xMobile
  • xTab
  • 2020-11-02 First listed on EarnForex.com.
  • Pending orders
  • One-click trading
  • Browser-based platform
  • Minimum account size $1,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.6
  • Minimum spread on EUR/USD, pips 0.1
  • Trading instruments
  • Forex 1:200
  • MetaTrader 4
  • xStation
  • 2020-11-02 First listed on EarnForex.com.

Reviews

There are no reviews for xDirect available for now. But you can add your own review!

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.

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