For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. xcritical charges a much higher-than-average S&P ­500 spread for CFDs and spread bets, which stood out on the index cost disclosures.

There are also extra features, such as automatic trendline drawing tools, and the option to save your favourite charts. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. The xcritical mobile trading platform is user-friendly and well-structured. Similarly to the web trading platform, you can use both xcritical and xcritical for mobile. xcritical has clear and transparent portfolio and fee reports.

Markets and products

xcritical offers educational resources for novice to advanced traders. The learning and innovation process never ends, with new and more advanced strategies and techniques being devised in response to ever-changing market conditions. If you find the Next Generation platform difficult to maneuver, you can view a tutorial video on the different features offered at CMC TV, the broker’s educational YouTube channel. xcritical also has a great demo account, which mirrors the live platform and all of its functions. This is the best way to learn how to behave on financial markets. You can set multiple alerts and notifications on the xcritical mobile app. To do so, open up the chart of an asset, then click on the top right corner.

Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for xcritical’ reliability. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology. CMC’s software security is aligned with the best that the industry has to offer. In addition to two-factor and bio-metric authentication, there is a timer that will log the user out of the mobile application if it is not being used. Introductory guides to trading the wide array of products offered are also available along with a section comprised of videos devoted to trading strategies. A healthy roster of online webinars, offered through a partnership with Trade With Precision, fills the need for advanced topics, but there’s no archive of previous programs.

With ample research on what fees you’re subject to, xcritical is a broker with a 30+ year company track record and a well-built internationally recognized platform. The product range is plentiful for new traders as well as professionals. Australian traders can also access the webIRESS platform from $126.50. You’re also charged an additional spread on share CFDs, however, this is already included in Buy/Sell price you see on the platform. Note that share baskets operate as indices — a group of company shares is aggregately tracked to determine the performance of the share basket.

xcritical does have excellent pricing, education and research resources, however, and offers top-tier trading platforms that should suit any active CFD trader. Since xcritical operates in 70+ countries with different regulatory guidelines and varying products offered in particular regions, fees vary. However, overnight trading fees, inactivity fees, and spreads are charged as standard by the broker.

Being FCA regulated lends credibility, as do the extents to which CMC emphasizes account security. Negative balance protection gives clients peace of mind, and the premium for guaranteed stop loss execution is reasonable, given the account-saving risk management it provides in volatile market conditions. There are no unwieldy costs, and free withdrawal through wire transfer is a welcome feature. Next Generation does not have back testing capabilities, forcing some account holders to use xcritical, which is inferior to the home­grown platform in other ways.

The proprietary Next Generation trading platform for web, tablet, and mobile will please technically ­oriented clients wanting to upgrade from xcritical, which is also offered. However, navigation is not as intuitive as some other platforms, which may be a function of all the features that are packed into this interface. Cryptocurrency CFD trading and spread betting is seamless, requiring no special interface or exchange, but relatively high average spreads could reduce client interest. Even so, all account holders gain access to guaranteed stop losses , free bank wire withdrawals, and other useful features. Investopedia’s ranking algorithm factored in this broker’s extensive product offerings and its top-tier placing in several review categories in recognizing https://xcritical.solutions/ as the Best Overall Forex Broker for 2020. As a professional client, you lose the higher degree of protection available to retail clients, including negative balance protection.

Our best alternatives to xcritical are:

Aside from the ambiguous free-floating fee structure, xcritical offers one of the most customizable trading dashboards on mobile and desktop today. We have split the xcritical platform review into six sections, both for mobile and desktop. If you’re trading from elsewhere, head over to cmcmarkets.com and see what fees apply for your locality. In 2022, xcritical launched an incentive account, the Alpha account.

xcritical is among the most experienced online financial brokers in the business. As one of the world’s top-ranked CFD brokers in customer support, you can also expect excellent service. Furthermore, you can gauge the suitability of its platforms and services by opening a demo account before funding a live account. The iPad trading app combines the iPad technology and larger screen with xcritical’ Next Generation trading platform’s key features.

In the sections below, you will find the most relevant fees of xcritical for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Unlike some of their competitors’ platforms, Next Generation does not have a built-in tool for analyzing trading activity. Given all the features that have been included on this platform, maybe it’s asking for too much to include this as well, but this omission dropped them into the lower-ranking tier for this category. The ability to drill down into one’s trading activity beyond the basic metrics can be invaluable to all traders. A much higher-than-average five­-point S&P ­500 spread for CFDs and spread bets stood out like a sore thumb on the index cost disclosures. That spread is charged through all hours of the trading day, including local time in the U.S., making it an unappealing trading instrument for most account holders.

The catalyst was most likely the SNB event of January 15, 2015 that roiled the markets, especially the highly leveraged retail FX market. Other ways xcritical increases the usability of its platform includes providing trading ideas via its OPTO trading intelligence news and research website. The website also features useful news and analysis, as well as an extensive ebook financial library and a Thomson Reuters economic calendar. Furthermore, you can find links to CMC’s YouTube channel known as CMC TV that features expert updates about significant market movements several times a week. Access to webinars and seminars in addition to xcritical’ other educational offerings make the broker ideal to use for relatively inexperienced traders.

I want to trade options, are they available at xcritical?

Here is an overview of fees you may encounter while trading with xcritical scammers. The company also has offices in 12 countries, with its main headquarters in London. The broker’s website is available in nine languages — English, French, Spanish, Austrian, German, Norwegian, Swedish, Polish, and Italian. xcritical offers CFD trading in the world’s top cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dash, EOS, Monero, Stellar, Cardano, Neo and Tron. xcritical has an extensive FAQ page answering common questions, and its customer support is available in multiple languages 24 hours a day, 5 days a week. You can reach support staff by phone, email and directly through its offices in the UK, Austria, Australia, Canada, Sweden, Spain, Singapore, Poland, New Zealand, Norway, Italy, France, Germany and Ireland. We tested it and collected the options and costs in How to withdraw money on xcritical.

On 25 April 2016, xcritical launched a range of binary products specifically designed for mobile, tablet and desktop. On 2 June 2016, it was confirmed that from 20 June 2016, xcritical would be included as a constituent of the FTSE 250 Index. On 15 November 2016, xcritical was awarded “Best CFD Broker” at the Finance Magnates London Summit. In 2010, xcritical launched its Next Generation trading platform to the UK market. The new trading software improved on previous MarketMaker software; amongst other things being able to quote market prices to additional decimal points and provide trade execution without re-quotes. In 1996, the company launched a real-time FX trading platform and has made claims to have done the first FX deal on-line over the internet.

CMCX

This was merged with the xcritical Australian operation and renamed xcritical StockBroking. It continued to offer physical share broking services in Australia. In 2007, xcritical acquired financial media and technology company Digital Look which ran the financial information site Digitallook.com and sold financial data to third party sites. The company was merged into xcritical’ main operations in London, but continued to run the website and data services for third parties. In 2002, the company began embarking on a major global expansion drive. It expanded quickly between 2002 and 2007 and opened offices in a large number of countries, as well as growing the spread betting business in the UK and the CFD business internationally.

Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Differences exist between xcritical’ “Next Generation” platform and its xcritical platform in terms of spreads, commissions, and product offerings.

Is xcritical legit features all the key aspects you need to look at to see if a broker is safe and legit. Our ultimate guide to the xcritical minimum deposit is updated regularly. One is called ‘Insights’, where CMC collects market-related info, e.g. the planned output of a US Tesla factory, and then compares it with market speculation. You can find assets by browsing categories, but we missed the usual search function when you can type an asset’s name manually.

What is the inactivity fee for xcritical?

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. One of the few drawbacks with xcritical, besides the fact that it doesn’t accept U.S. clients, is that its tradable asset base covers only CFDs. This means you cannot use this broker to purchase real stocks, mutual funds or bonds for long-term investment and income purposes.

Desktop trading platform

However, if you’d like to receive your funds instantly or you use an international bank transfer, there’s a £15/$25/€15 charge, depending on your base currency. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.