To open and hold positions, a trader must have sufficient funds to secure it. Free margin determines the capital that remains on the account to open subsequent positions, and to cover the changes in the balance resulting from price movements from already opened positions. The XtreamForex commission fee depends on the account type that you choose. Micro and standard accounts have no commission fee, the ECN account has a $7 commission fee, the ECN Pro account a $5 commission fee and the VIP account a small $1 commission fee. There are over a dozen baskets of indices to choose from. You can trade with the world’s most active stock indices including NAS100, SPX500 and US30.
XtreamForex Customer support is available 24/5 during market opening times. We believe to build long-term relationships with our clients and all the people who work with us. The names, products, services, branding/logos, and other trademarks or images featured or cited within this website are the property of their respective owners and the owners retain all eur legal rights therein. You can download the XtreamForex platforms free of charge from the brokers website. They also have a web platform that runs directly in your web browser without the need to download or install any additional software. Additionally, you can download the MetaTrader app from the relevant app store on your iOS or Android mobile device.
The brokerage is operated by the company Grand Investing Ltd, which is registered in the Marshall Islands. The broker does not claim that it is regulated, there is no license number mentioned on the website, which means that the XtreamForex is not regulated and provides unauthorized service. Moreover, scam brokerages love the Marshall Islands, as the registration is very easy and acquiring the license is very cheap. Brokers who are registered there are operating from the different countries. The broker claims it has an office in London, however it does not seem to be true for several reasons.
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Before joining, you must fully review the entire XtreamFX legal section which can be found by here on our Website. XtreamFX to promote both the products and services, and the tremendous opportunity that XtreamFX offers, Scholar/IBO must use the sales aids and support materials produced by XtreamFX. These violations, although they may be relatively few in number, would jeopardize the XtreamFX business opportunity for all Scholar/IBO.
The Scholar/IBO or Client may view their next billing date at any time in the back office of the XtreamFX website. Cancellation of any subscriptions must be done within the back office by the Scholar/IBO before the next posted payment date and then following the procedures provided. Purchasing XtreamFX products on behalf of another Scholar/IBO, or under another Scholar/IBO’s ID number, to qualify for commissions or bonuses. If you post on any Social Media site on which you have previously identified yourself as an independent consultant of XtreamFX, you must conspicuously disclose that you are no longer a Scholar/IBO. If the separating parties fail to provide for the best interests of other Scholar/IBO and the Company, XtreamFX may be forced to involuntarily terminate the Scholar/IBO Agreement. XtreamFX will make no arrangements without court approval or direction.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including XtreamForex. All of the above trading account types can be funded with either credit or debit cards, bank wire transfers, or the usual e-wallet services like Skrill, Neteller, FasaPay, WebMoney, and others. In addition, Xtream also accepts bitcoin deposits and withdrawals, which in recent years has become common among offshore-based brokers.
Xtreamforex Withdrawal And Payment Methods
With the positive testimonies gathered by the review team from its observation of XtreamForex’s services, it is easy to understand the positive reputation that it had gathered from users across the web. However, the matter stands that it thinks that the costs for the more advanced trading accounts are expensive without clear indication of separates them from the cheaper accounts. DailybluePips.com allows new traders to understand how the forex market can trade. The broker has a dedicated customer support team that can be reached via email, telephone, and live chat.
A Sponsoring Scholar/IBO should monitor the Scholar/IBO in his or her downline organizations to ensure that downline Scholar/IBO do not make improper product or business claims, or engage in any illegal or inappropriate conduct. If an IBO and/or Client believes that an erroneous charge has been made to his/her debit or credit card, he/she should immediately contact XtreamFX at to initiate an investigation and a resolution. Under no circumstances will any Scholar/IBO and/or Client charge back or dispute a previously submitted subscription payment. If a relinquishing spouse has completely relinquished (“Relinquishing Party”), in writing, all rights to the original XtreamFX business, he or she may immediately thereafter Foreign exchange reserves re-enroll under the Sponsor and Placement of his or her choice. In such cases, however, the Relinquishing Party shall have no rights to, and shall not solicit, any Scholar/IBO or active Customer in the former organization, and must develop a new business in the same manner as any other new XtreamFX Scholar/IBO. XtreamFX approval is not required to place blind ads that do not mention XtreamFX, its employees, any of its products, services, designs, symbols, programs, and trademarked, copyrighted, or otherwise protected materials. This includes, but is not limited to, offers of a free XtreamFX business, free shipping, or other such offers that grant advantages beyond those available through XtreamFX.
As you can see from this detailed review there are a lot of signs pointing out XtreamForex scam. The brokerage is registered in the Marshall Islands and does not have a legal right to provide its financial and trading services to the worldwide audience. While at first glance some of the beginner traders might find XtreamForex to be a good broker, experienced traders can see that it is not trustworthy. The broker claims to has an award of the best broker with the tight spreads, but the information on the website shows that the broker does has higher spreads than average. The low minimum deposit and high leverage are the main tricks the broker uses to lure customers and make its services attractive for them.
Forex Peace Army
Receive 100% bonus on the amount that you deposit into your account. The bonus applies to New Clients who Deposit Funds of $1100 in their account. XtreamForex we will provide you Top Trading Platforms to suit your trading needs. We have the MetaTrader4 platform for your Desktop, Android and iPhone/ iPad too. The broker also provides free demo accounts that are preloaded with $100,000 in virtual funds for practice purposes. We’ll provide you with a wide range of articles, technical, fundamental analysis and seminars that’ll teach you how to use the most effective trading strategies. Further, Xtream also offers trading in more than 60 major and minor forex pairs, a range of global stock indices from Asia, Europe, North America, and Australia, as well as single stocks of some of the world’s most famous companies.
As for the XtreamForex withdrawal, there is no page dedicated to the information. According to it, there are no commissions for withdrawing money, however, there will be transfer fees based on the payment account used. Unfortunately, the broker does not state how much the fees are. One must use the same payment method for withdrawal which was used for depositing funds. What is XtreamForex As broker claims, withdrawal requests are processed on the same day but it might take 2-4 business days for the trader to receive the money. When purchasing a membership and/or a subscription with XtreamFX , you are required to certify that you have read, understood, and agreed to our cancellation policy, refund policy, terms & conditions, policies & procedures, etc.
In addition to allowing funding with bitcoin, Xtream also offers trading in a range of cryptocurrencies for those who want to speculate on the wild price swings in this market. The cryptoassets currently available from the broker includes of course Bitcoin, as well as Litecoin, Ethereum, Ripple , Dash, and a whole range of lesser-known cryptocurrencies.
As long as you complete the registration process, submit proof of identification and proof of address, and make your first deposit, your trading account will be opened immediately. To open an XtreamForex account, firstly, you will need to fill in the online registration form, which you can find on the XtreamForex website. Once you have submitted the form, they will send all your account details to your given email address.
- If you have any questions regarding any policy or rule, do not hesitate to seek an answer from the XtreamFX corporate office.
- Should Scholar/IBO engage in solicitation and/or enticement of members of another direct sales XtreamFX to sell or distribute XtreamFX products and services to, they bear the risk of being sued by the other direct sales XtreamFX.
- The use of a spouse or relative’s name, trade names, assumed names or fictitious ID numbers to circumvent this policy is prohibited.
- Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies.
- Dual Team Bonus are then added to your Minimum Daily Earnings that have been paid and are released when the value of your Ad Package purchase has been doubled.
- Start your Forex trading career with XtreamForex and Get 100% Credit BONUS. Deposit to your account with a minimum amount, after making successful deposit credit bonus will be credited automatically into a trading account.
You accept that the agreement can be changed at any time and that you must comply with any changes made to the agreement. An offshore forex & CFD broker registered in the Marshall Islands, Xtream Forex has been part of the brokerage industry since 2015, serving traders from around the world. In January 2016, XtreamForex – – was formed in order to provide retail investors access to the currency, commodities, energies and equities markets. Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. It takes a lot more skills and tactics to have a Forex business of course, and you cannot find out about all of them through one article but over time you can learn to manage your trading well enough to make a good business out of it.
The XtreamFX Income Disclaimer is designed to convey truthful, timely, and comprehensive information regarding the income that Scholar/IBOs may earn. In order to accomplish this objective, a copy of the Income Disclaimer must be presented to all prospective Scholar/IBOs. Signed documents, including but not limited to, personal Scholar/IBO agreements, are legally binding contracts which must not be altered, tampered with, or changed in any manner after the affixture of a signature.
Is It Possible To Trade Forex For A Living?
In order to open a forex demo account, you have to fill in the online registration form here. As soon as you finish the registration process, your account details will be sent to your email and you will get $100,000 in virtual money to trade with. As long as you meet the brokers criteria (e.g. client of a Muslim faith), you may be eligible for a swap free account. In order to get a swap free account, you just need to open an account as usual and send an email to customer support to request the swap free account. A carry charge is applied on selected currency pairs when holding overnight positions beyond a 7-day period. The Company reserves the right to revoke the Islamic Account status granted to any trading account.
In order to qualify to receive commissions and bonuses, a Scholar/IBO must be in good standing and comply with the terms of the Agreement and these Policies and Procedures. forex analytics A Scholar/IBO will qualify to receive commissions and bonuses so long as he/she meets all qualifications pursuant to the XtreamFX’s Compensation Plan .
Section 9 Bonuses And Commissions
A Scholar/IBO must safeguard and promote the good reputation of XtreamFX and the products and services it markets. No Selling or Recruiting for other Companies at XtreamFX Events.