XTrend was established as a forex broker on September 6, 2015, and is registered in Cyprus. It primarily offers financial trading services such as forex, precious metals, and cryptocurrencies to investors, with its corporate headquarters located in Limassol, Cyprus. The broker does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Cuba, Canada, Israel, Belgium, Bahamas, Botswana, North Korea, Ethiopia, Ghana, Iran, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Yemen, Afghanistan, Bosnia and Herzegovina, Guyana, Iraq, Laos, and Vanuatu.
Corporate registration information and regulatory status:
XTrend's registered entity in Cyprus is Rynat Trading Limited, with a registered address at 18 Monis Machaira, Floor 4, Flat/Office 401, 3020, Limassol, Cyprus, and a company registration number of 344135. This entity is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with authorization granted on June 30, 2016, and license number 303/16. According to Whois information, the broker's official website domain was registered on February 5, 2018.
Account opening:
Opening an account with XTrend involves four steps. Users first need to provide personal information, then upload international passports or national ID cards, along with proof of residence for the past six months, such as utility bills or bank card statements. The third step requires filling out a form about personal financial status, and finally, users must provide information about their trading experience before submitting the application.
Account types:
XTrend does not offer demo accounts and only provides real trading accounts. The broker's trading accounts have a minimum deposit of $50, with leverage ranging from 1:30 to 1:300. Information regarding spreads, minimum deposit amount, maximum/minimum trade volume, maximum position size, additional margin levels, stop-loss margin levels, overnight interest, and trading commissions is not publicly disclosed on the broker's official website.
Trading platform:
XTrend provides a proprietary trading platform, available only on the web and mobile.
Deposits and withdrawals:
XTrend supports users in making deposits and withdrawals through bank wire transfers, credit cards, debit cards, or other payment methods. The broker does not charge users any additional deposit fees, but withdrawal fees may apply. Additionally, users may be subject to bank charges based on the prevailing exchange rates on the day of withdrawal. To withdraw funds, users need to visit the XTrend portal, initiate the withdrawal from the designated tab, and fill out the online form. Processing withdrawal requests may take up to 1 business day.
Customer support:
Users can contact XTrend for customer support through phone at +357 25258020 and email at support@thextrend.com / info@thextrend.com / funding@thextrend.com.
Summary:
Currently, this broker is marked as "operating normally" on Traderknows.
