Updated: 11/18/2023


Xpoken Review

4 / 5
189 ratings
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.22 Apr 2023
author avatar image Chad Smith

Table of Contents


Xpoken Main Features
Feature Title Feature Value
🗺️ Year Founded 2018
🏢 Headquarters St. Vincent and the Grenadines
⚖️ Tier-3 Licenses Yes
Minimum Initial Deposit $10
Demo Trading Yes
Leverage (EU Clients) 1 : 500
Leverage(Non-EU-Clients) 1 : 500
Average Spread EURUSD 2.0 pips
💰 Withdrawal fee No
Withdrawal Time Within 24 hours
💰 Inactivity Fee No

In the world of online trading, finding the right broker is a crucial step towards success. Today, we will be exploring Xpoken, a relatively new player in the market that has garnered attention since its launch in 2021. Xpoken is a forex-focused trading platform operating from St. Vincent and the Grenadines, providing a diverse range of trading instruments to cater to the needs of different traders.

The review will cover various aspects of Xpoken, such as its account types, trading platforms, and instruments offered. Additionally, the safety and regulation of this brokerage, as well as the level of customer support, will be discussed. Through an in-depth examination, this analysis aims to provide you with a clear and comprehensive perspective on Xpoken’s offerings, allowing you to make an informed decision on whether it is the right choice for your trading needs.

Key Takeaways

  • Xpoken is a forex-focused broker with a diverse range of trading instruments.
  • The review covers aspects such as account types, trading platforms, and safety.
  • An in-depth analysis aims to help you decide if Xpoken is the right choice for your needs.

What Did We Like about the Broker

Highlighting the Strengths of Xpoken as a Forex Trading Professional

As forex trading professionals, we have identified several key aspects that make Xpoken stand out in the competitive brokerage landscape. Here are some notable features that we appreciated:

  • Great Proprietary Trading Platform: Xpoken’s proprietary trading platform, XpTrade, impressed us with its user-friendly interface and powerful analytical tools. The platform is designed to cater to the needs of both novice and experienced traders, offering a seamless trading experience.
  • Broad Product Portfolio: Xpoken’s extensive range of over 500+ CFDs across various asset classes, including currencies, stocks, indices, commodities, and cryptocurrencies, provides ample opportunities for traders to diversify their investment portfolios and capitalize on global market trends.
  • No Requotes or Slippage: One of the standout features of Xpoken is its commitment to delivering efficient order execution. We observed that trades were executed smoothly without requotes or slippage, allowing traders to enter and exit positions with minimal latency.
  • Flexible Leverage: Xpoken’s leverage offering of up to 1:400 impressed us, as it provides traders with the potential to amplify their trading capital. However, it is important for traders to exercise caution and manage their risk effectively when utilizing high leverage.

While Xpoken has numerous strengths, it’s important to consider potential drawbacks as well. We identified the following areas that could be improved:

  • High CFD Fees: Xpoken’s CFD fees are relatively high compared to some competitors in the market. Traders should carefully assess the fee structure and consider their trading strategy and investment goals before committing to a specific account type.
  • High Minimum Deposit: Xpoken requires a higher minimum deposit to access lower spreads and better service. This might deter traders who are starting with limited capital, as the higher deposit requirement contradicts the broker’s claim of supporting new traders to enter the market easily.
  • No 24/7 Support Availability: Xpoken’s customer support is not available 24/7, which could be a drawback for traders who require immediate assistance outside regular business hours. It’s important to consider this limitation and plan accordingly when trading with Xpoken.

Despite these drawbacks, Xpoken’s strengths and unique offerings position it as a broker worth considering. Traders should carefully assess their individual needs, trading style, and risk tolerance before deciding to open an account with Xpoken.

Overview of Xpoken

Xpoken is a broker that began operations in 2021. It is headquartered in St. Vincent and the Grenadines, an island nation in the eastern Caribbean. As a relatively new player in the market, Xpoken offers various investment services, focusing on forex trading but also branching out into other asset classes.

When it comes to the company’s profile, Xpoken stands out for its transparency in its operations. This quality is less frequent among modern brokerage firms, making it a unique aspect of the company. The pricing structure is clear, and no hidden fees or malicious clauses in the fine print are found. Their terms and conditions are beneficial to users, ensuring a level of trustworthiness and reliability.

In terms of the services and categories that Xpoken operates in, some key factors set them apart:

  • Forex Trading: The primary focus of the broker is on providing a platform for forex trading. As a newcomer in the market, they hope to secure a strong position through their forex offerings.
  • Other Asset Classes: Apart from forex, Xpoken also caters to traders interested in various other asset classes. With this expansion, they aim to widen their reach in the market.

In conclusion, Xpoken’s business model and offerings are worth considering for traders and investors alike. This broker is transparent, has a clear pricing structure, and covers a range of asset categories. As a new player in the market, Xpoken has potential and focuses on ensuring that their clients can achieve their investment goals.

Overview of Xpoken

Xpoken is a broker that began operations in 2021. It is headquartered in St. Vincent and the Grenadines, an island nation in the eastern Caribbean. As a relatively new player in the market, Xpoken offers various investment services, focusing on forex trading but also branching out into other asset classes.

Understanding the Trading Platforms and Instruments

In this section, we will delve into the various trading platforms and instruments available to you at Xpoken.

Forex and CFD Trading

Xpoken offers a custom, web-based trading platform for its clients, catering to both novice and expert traders alike. With this platform, you have access to multiple Forex trading pairs such as major, minor, and exotic currencies. Additionally, Xpoken enables trading in Contracts for Difference (CFDs) on various assets like indices, commodities, and stocks, providing a diverse range of instruments to cater to your investment preferences.

Cryptocurrencies and Commodities

For those interested in the ever-evolving digital currency market, Xpoken provides a range of cryptocurrency trading options, including popular coins like Bitcoin and Ethereum. Alongside cryptocurrencies, the platform covers several commodities such as gold, silver, oil, and natural gas, allowing you to diversify your portfolio and manage risk effectively.

Indices, Stocks and Other Assets

In the realm of indices and stocks, Xpoken ensures a broad range of both local and international markets. This enables you to invest in popular assets from major stock exchanges like the FTSE, NASDAQ, and NYSE. Additionally, other trading instruments available on the platform include options and ETFs, ensuring you have a comprehensive selection of assets.

To summarise, Xpoken offers a robust web-based custom trading platform catering to your Forex, CFD, cryptocurrency, commodities, indices, and stocks needs. This diverse selection of trading instruments empowers you to expand and diversify your investment portfolio efficiently. Remember to consider your risk tolerance and financial goals before making any trading decisions.

Xpoken’s Account and Trading Conditions

As a trader looking to invest with Xpoken, it is essential to understand the account types, trading conditions and the leverage, spreads and commissions offered. This section will provide clear and concise information on these aspects to assist you in making informed decisions.

Account Types

Xpoken offers a variety of account types to cater to traders with different experience levels and investment capacities. The main account types include:

  • Student: Suitable for beginner traders with a minimal investment requirement.
  • Starter: Ideal for those who have some experience in trading and are looking to invest more.
  • Advanced: Targeted at experienced traders seeking advanced features and tools.
  • Premium: Tailored to high-net-worth individuals looking for premium support and exclusive amenities.
  • VIP: Customised for professional traders, providing the highest level of service and advanced trading conditions.

Based on your trading expertise and investment capacity, you can select an account type that best serves your needs.

Leverage, Spreads and Commission

Leverage, spreads, and commissions affect your overall trading expenses and profit potential. In this subsection, you will gain insight into Xpoken’s offerings in these areas.

  • Leverage: Xpoken grants competitive leverage ratios with maximum leverage varying depending on the account type. Higher leverage allows you to trade with larger positions, while also increasing the risk. Make sure to proceed cautiously when utilising leverage in your trades.
  • Spreads: Spreads refer to the difference between the bid and ask price. Xpoken provides tight spreads, helping you minimise transaction costs and maximise your profits. Properly assessing the purchase and selling rates helps you make informed decisions in your trades.
  • Commissions: Xpoken has a transparent fee structure with no hidden charges. The brokerage charges a commission on trades, directly proportional to the traded volume. Keep track of your trading volume and commission expenses to maintain a healthy trading strategy.

Ensure you have a firm grasp of Xpoken’s account types, trading conditions, and fees to utilise its offerings optimally and make informed trading decisions.

Safety, Regulation and Customer Support

Regulated Broker and Security Measures

Xpoken is a broker based in Saint Vincent and the Grenadines in the eastern Caribbean. It’s important to note that the company is not regulated, as it is owned and operated by an offshore entity called Xpoken Ltd. The lack of regulation can raise concerns about the safety of your funds, so you should always be cautious when dealing with unregulated brokers.

As for security measures, no concrete information is available from the search results provided. Always ensure that a broker you choose has proper measures in place to protect your funds and personal information.

Withdrawals, Deposits and Fees

While specific details regarding withdrawal, deposit, and fee policies for Xpoken are not available from the provided information, it’s crucial to understand these aspects when trading with any broker. Make sure to research and verify the broker’s policies on minimum deposits, withdrawal limits, processing times, and any potential fees before committing to an account.

Customer Service

Customer service is a critical factor in choosing a broker, as you may need assistance or have questions about your account. Unfortunately, the provided information does not offer any details on Xpoken’s customer service channels such as live chat, phone, or email support. It is recommended to look for brokers that offer a variety of contact methods and responsive support teams to ensure a smooth trading experience.

In summary, while Xpoken may present itself as an attractive option for traders, it’s essential to be aware of potential risks due to the lack of regulation and limited information about security measures, withdrawal, deposit policies, fees, and customer support. Always conduct thorough research and choose a regulated and transparent broker to safeguard your funds and ensure a positive trading experience.

Xpoken vs. Competitors

Comparing Xpoken’s Offerings with Other Forex Brokers

When considering a forex broker, it’s essential to evaluate its strengths and weaknesses in comparison to its competitors. Let’s compare Xpoken with other notable brokers in terms of key features, account types, trading platforms, and overall reputation:

  • OctaFX: OctaFX is a well-established broker known for its low spreads, diverse account options, and competitive trading conditions. While OctaFX offers the popular MetaTrader platforms, Xpoken differentiates itself with its proprietary platform and personalized account management options.
  • Pepperstone: Pepperstone is renowned for its strong regulatory framework, advanced trading tools, and tight spreads. Both Pepperstone and Xpoken offer a wide range of tradable assets, but Xpoken’s leverage options and comprehensive educational resources give it an edge in terms of flexibility and support.
  • BlackBull Markets: BlackBull Markets is recognized for its ECN trading environment, competitive pricing, and strong customer service. Xpoken’s proprietary platform and diverse account types provide additional choices for traders, while BlackBull Markets’ ECN offering may be preferred by those seeking direct market access.
  • Vantage FX: Vantage FX is known for its extensive range of trading instruments, competitive spreads, and reliable customer support. While both brokers offer a wide selection of assets, Xpoken’s proprietary platform and personalized account management options may appeal to traders seeking a more tailored trading experience.
  • Avatrade: Avatrade is a reputable broker offering a range of trading platforms, educational resources, and a wide selection of assets. Xpoken’s proprietary platform and flexible leverage options provide a unique trading experience, while Avatrade’s platform diversity may cater to traders who prefer specific platforms like MT4 or MT5.

It’s important to consider your individual trading preferences, such as platform preferences, account types, and specific asset offerings when comparing brokers. Conducting thorough research and utilizing demo accounts, where available, can help you determine which broker aligns best with your trading goals.

Summary and Final Thoughts

Based on the information gathered, Xpoken appears to be a relatively new online broker, aiming to provide access to a variety of financial instruments such as Shares, Forex, Indices, Cryptocurrencies, and Commodities. It has been servicing both retail and institutional investors across the world.

As a trader, it is crucial for you to consider the security aspects of a broker. While Xpoken has implemented some measures to ensure the safety of its clients, certain concerns have been raised, specifically regarding the broker’s headquarters in St. Vincent and the Grenadines, which is known to be a haven for scams.

In terms of services, Xpoken offers a custom web-based trading platform. This can be quite enticing for investors who prefer an easy-to-use and accessible platform. However, it’s essential not to forget the importance of more advanced features and tools that could benefit your trading strategies.

Some key aspects of Xpoken’s offerings are as follows:

  • Customer Service: Multiple language support and 24/7 availability.
  • Trading platforms: Custom Web-based Trading platform.
  • Demo Account: Not available.
  • Mobile Trading: Yes.
  • Web-based Trading: Yes.
  • Bonuses: Yes.
  • Minimum Deposit: Not clear from the provided information.

While the available reviews on Xpoken have been mixed, caution should be exercised when dealing with any new broker. It is always a good idea to research extensively and consult other traders or reliable sources before taking any action.

Ultimately, the decision to choose Xpoken as your broker will depend on your individual preferences and trading requirements. It’s important to weigh the pros and cons mentioned throughout this review and compare it to other brokers in the market. By doing so, you can ensure the best possible trading experience and partner to fulfil your financial goals.

Frequently Asked Questions

Is Xpoken a regulated broker?

Xpoken is regulated by the SVGFSA (St. Vincent and the Grenadines Financial Services Authority). While it does not hold major licenses from top-tier regulators, it maintains standard AML and KYC policies to ensure client safety.

What trading platforms does Xpoken offer?

Xpoken provides its own proprietary trading platform called XpTrade. This web-based platform offers a user-friendly interface, advanced analytical tools, and access to trading across devices.

What is the minimum deposit for an Xpoken account?

The minimum deposit requirement varies depending on the account type. It starts from $250 for the Student Account and goes up to $100,000 for the VIP Account.

Does Xpoken offer educational resources?

Yes, Xpoken provides an education center with video tutorials, e-books, articles, and trading guides. Traders gain access to these resources upon meeting the minimum deposit requirement.

How can I contact Xpoken’s customer support?

Xpoken offers multiple channels for customer support, including live chat, email support (info@xpoken.com), and phone support (+18008614098).

Sources & External Links

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.


4 / 5
189 ratings


  • Edvandro Prado

    3 Aug, 2023

    Tenho investido nessa corretora com consultoria para investir e tenho tido ótimos resultados.

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