REVIEWS

Xpoken Review 2022

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Reviewed

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Xpoken is an online forex and CFD broker that was founded in 2021 and is currently based in St. Vincent and the Grenadines.

The broker provides complete, and proficient investment assistance, as well as a secured and user-friendly online trading environment.

Invest and trade at your pace and limits with a rich collection of investment options.

Through their multi-asset trading platform, XpTrade, you may select from a huge range of assets such as currencies, stocks, commodities and energies, derivatives, and many more.

Xpoken Main Features
🗺️Established in: 2021
🏢Headquarters: St. Vincent and the Grenadines
⚖️Regulations: SVGFSA
⚖️Country of regulation: St. Vincent and the Grenadines
💰Minimum Deposit: $250
🖥Platforms: Proprietary Web-Based Platform
🎮Demo Account Available: Yes
💱Leverage: 1:400
💰Withdrawal fee amount: No
💰Inactivity Fee: No

Global markets are more accessible than one might think. Xpoken allows its clients to trade more than just currencies. The platform offers advanced financial trading functions, as well as superior tools for technical and fundamental analysis. In addition to the desktop and mobile versions, the platform is available on the web and can be accessed from any device

The forex broker offers the best-traded indices such as DAX, Dow Jones, FTSE, and S&P. Traders can access the energy markets and other commodities, along with global stock companies in without complexity.

Xpoken

Pros Cons
Great proprietary trading platform High CFD fees
The broad product portfolio of more than 500+ CFDs High minimum deposit
No slippage, no requotes No 24/7 support availability
Flexible leverage up to 1:400
The broker provides complete, and proficient investment assistance, as well as a secured and user-friendly online trading environment.

Safety & Regulation

Xpoken is a new broker in the market and still doesn’t hold any major license from top-tier regulators like the FCA, ASIC, or CySEC. However, its operation is monitored by the SVGFSA, and the broker is obligated to follow all standard AML and KYC policies.

Is Xpoken Safe or a Scam?

Even though the broker is not regulated by a top-tier regulator, Xpoken is considered a safe broker to trade with as it maintains all safety, AML, and KYC standards. The company is also very straightforward and transparent with its execution policy.

The broker also offers negative balance protection to its VIP clients.

Furthermore, there is no trail of bad history or malicious misconduct towards clients or any manipulation of funds.

Accepted Countries

Xpoken can offer its services to everyone, except residents of the U.S, Iran and, the North Korea. Keep in mind though that, You are responsible for ensuring that all services and activities of Xpoken.com are authorized in your jurisdiction.

Xpoken is a new broker in the market and still doesn’t hold any major license from top-tier regulators.

Fees

Xpoken has relatively high trading fees overall. The fee structure differs among various account types, and it is not very transparent in order to calculate costs easily.

Also, you are required a higher minimum deposit to get access to lower spreads and better service. This contradicts the statement for supporting new traders to gain access to the market easily.

Furthermore, the broker does not charge any commission for trading.

Leverage

The maximum leverage level of Xpoken is 1:400, which is considered relatively high and offers a good trading advantage.

What is Xpoken’s Minimum Deposit?

The minimum deposit required is $250 or equivalent. However, in order to get access to better service and lower spreads the minimum deposit goes up to $100,000.

Xpoken has relatively high trading fees overall.

Account Opening

This online broker provides six different trading accounts for its clients, the Student Account, the Starter Account, the Premium Account, the Advanced Account, the Pro Account, and the VIP account.

Based on the account type, traders can get access to better spreads and leverage levels.

At Xpoken, all possible measures are taken to ensure that client funds and data remain secure.

Here are the account types in more detail:

Student Account

With as low as 250 USD, trade with up to 1:400 leverage and with 0.1 minimum lot order.

  • Min. Deposit $250
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • 24 Hour Trading

Starter Account

Get access to more instruments and bigger assets with up to 10.00 lot orders starting with 2,500 USD.

  • Min. Deposit $2,500
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • 24 Hour Trading
  • Islamic Account

Premium Account

Profit more with 10,000 USD using diverse portfolio and advanced market analysis.

  • Min. Deposit $10,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Daily Analysis
  • Mobile Trading
  • Islamic Account
  • Account Manager

Advanced Account

Experience more trading benefits, including a personalized portfolio, with 25,000 USD capital.

  • Min. Deposit $25,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • Account Manager
  • Daily Analysis

Pro Account

Account protection with the lowest market price differences and personalized trading portfolio.

  • Min. Deposit $50,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Islamic Account
  • Account Manager
  • Daily Analysis
  • Fixed Pricing

VIP Account

Account protection with the lowest market price differences and personalized trading portfolio. For more details, speak with your personalized account manager.

  • Min. Deposit $100,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Islamic Account
  • Account Manager
  • Daily Analysis
  • Fixed Pricing
Account protection with the lowest market price differences and personalized trading portfolio.

Deposit & Withdrawal

The broker provides different payment methods to fund your trading account. All deposits and withdrawals are processed depending on the level of priority of each account type.

Account Base Currencies

The accounts are only in USD

Deposit Methods available

  • Credit\Debit Card
  • Bank Transfer
  • E-wallets

How to make a deposit?

There are several payment methods offered, from Credit Card, Wire Transfer, as well as several forms of e-payment.

  1. The first step is logging into your account, then go to the ‘Deposit’ section
  2. Click on your preferred method, enter the amount you wish to deposit, and add the payment method details into the fields
  3. Click on ‘Deposit’
The broker provides different payment methods to fund your trading account.

Trading Platforms

While most of the new brokers out there use the vanilla and most used MetaTrader 4(MT4) or MetaTrader 5(MT5) platforms, Xpoken has had time to invest in creating its own proprietary investing platform, called XpTrade.

The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most. The interface is easy to understand, and the technical analysis tools are extremely powerful, especially for new traders.

However, the platform is only available via a web browser and can work on both mobile and desktop versions.

The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most.

Markets & Financial Instruments

The broker offers CFD trading in more than 500+ assets, with more being added constantly. These individual assets fall under the following asset classes:

  • Currencies
  • Stocks
  • Indices
  • Commodities
  • Cryptocurrencies

The offerings are more than sufficient to have something for everyone, and never miss a market opportunity. Whether you like to trade fiat currencies or cryptocurrencies, stocks or indices, or even volatile commodities, there is something to trade on the platform.

The broker offers CFD trading in more than 500+ assets, with more being added constantly.

Customer Service

Xpoken offers several different means of communication for you to reach out to their customer support team. You will find that most means of communication provide lively and fast responses from a team who are highly trained to accommodate all traders’ needs, regardless of the client’s trading experience.

Means Of Communication

  • Live Chat
  • Email Support (info@xpoken.com)/li>
  • Phone Support (+18008614098)
Xpoken offers several different means of communication for you to reach out to their customer support team.

Client Education

Client education is a very important part of a trader’s journey and Xpoken takes that seriously.

Once the minimum deposit is met, clients get access to the company’s education center and resources, which is equipped with everything a trader needs to educate himself with new techniques and strategies.

Client education is a very important part of a trader’s journey and Xpoken takes that seriously.

Conclusion

Xpoken is a CFD and Forex broker that was founded in 2021 and is headquartered in St. Vincent and the Grenadines. This Forex trading broker provides six different trading accounts and floating spreads, along with access to more than 500+ different financial assets.

Overall, Xpoken is a legitimate online broker that is worth trading with.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

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.