One of the things that lure traders to start with X90 is an account that does not come with commissions. This broker gives you the chance to trade in micro lots. Find out more before you decide to trade with them.
Who is behind the broker?
CFD Group Limited is the founder of X90. It is a new company that does not have a lot of experience in trading. They have their headquarters in the Marshal Islands. X90 is an offshore broker that is not licensed or regulated. You should be aware of this fact since it increases your risk of losing your deposit. The broker allows you to trade in currency pairs, shares, commodity and index CFDs.
What trading platforms are available and supported?
Unfortunately, X90 does not offer popular trading platforms such as the Meta Trader 4. The broker provides traders with a web-based platform. They try to simplify the platform to cater to the needs of traders.
You don’t need to install any extra software for you to get it. The broker offers a mobile version for the platform. Though it lacks some features found in MT4, it has basic tools of trading like indicators, line charts as well as insight sectors.
What types of accounts are available?
X90 does not offer traders different account types. You can only open the standard account. You need to deposit at least $ 100 to open the account.
Spreads, Leverage, and commission
X90 offers traders maximum leverage of 1:300 and fixed spreads. A pair of EUR/USD has a spread of 2 pips. The broker also attracts traders by offering them a deposit and welcome bonus. Traders, however, report that it is difficult to withdraw these bonuses. X90 does not seem to provide any free trading signals to customers.
Deposit and withdrawal options
When trading under X90, you get to choose different payment modes according to your preference. The broker offers options like PayPal, bank wire transfer, Neteller, Skrill and MasterCard.
They offer customer support in the form of email and phone lines. X90 also provides its services in different languages to accommodate global traders.
- No commission
Its account does not charge clients commission
The website offers services in different languages including Dutch, German, Italian, Spanish and English.
- It is a market maker
This means that X90 can manipulate market quotes to suit them at the expense of traders. They seem to care more on benefits themselves instead of helping traders achieve returns after depositing. Making money here may be hard even if you are an experienced trader.
- X90 is unregulated
Any unregulated broker puts your finances at risk since they can quickly fade away with your money. X90 is not bound to comply with any state laws making it easy to fool traders from other countries. You will find a lot of negative reviews about the broker.
X90 is a new, unregulated forex broker that does not have a good reputation. Though it offers bonuses and a commission-free account, it has unattractive trading conditions. It fails to support Meta Trader 4 and offers a web-based platform which lacks some features. The lack of a license and all the complaints should be enough to convince you to look for a better forex broker.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK