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Does the account system that Xtrade offers customers really matter?
Peter Berry
United Kingdom
2024-10-06
ANSWER Dear Investor,Yes, the account system that Xtrade offers can significantly impact your trading experience. Understanding the account system and choosing the right account type can help you maximize the benefits and minimize the risks associated with trading on Xtrade.However, we would like to highlight the substantial risks associated with Xtrade. We have noticed that the broker's licenses from the Belize Financial Services Commission (Belize FSC) have all been canceled. Despite their claim of being licensed by the Financial Sector Conduct Authority (FSCA), there is no solid evidence to support this. Therefore, Xtrade currently poses significant risks, and we strongly advise against trading with this unregulated broker.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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