Overview of Xtreme Markets
Xtreme Markets, an online forex trading platform, offers a range of trading instruments, including forex, cryptocurrencies, indices, and stocks. The account types offered by Xtreme Markets include Cent Account, Prime Account, Platinum Account, Royal Account, and Power-Up Bonus Account, catering to different levels of experience and investment preferences.
Pros & Cons
XtremeMarkets offers a diverse range of trading instruments, including Forex, Cryptocurrencies, Indices, and Stocks, with multiple account types (Cent, Prime, Platinum, Royal, and Power-Up Bonus Accounts) to suit different trading styles. Traders benefit from high leverage up to 1:1000, access to MetaTrader MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and useful trading tools and educational resources.
Is XtremeMarkets Legit?
Xtreme Markets is regulated by the Financial Services Commission of Mauritius. It is under offshore regulation, holding a Retail Forex License with the license number GB22200951.
Market Instruments
Forex:
Forex, also known as foreign exchange, is an over-the-counter market where traders can buy, sell, exchange, and speculate on currencies. XtremeMarkets provides access to forex trading with various currency pairs available for trading. Some of the major currency pairs offered include EURUSD, GBPUSD, USDJPY, and USDCAD, along with other crosses and exotics.
Traders can access these currency markets 24 hours a day during the trading week through XtremeMarkets' trading platform.
Cryptos:
Cryptocurrencies are digital forms of money in a decentralized blockchain system. XtremeMarkets provides trading opportunities for popular cryptocurrencies like Bitcoin, Litecoin, Ethereum, and more. Traders can buy and sell these cryptocurrencies on the platform. Cryptocurrency trading products include BTCUSD, ETHBTC, LTCUSD, EOSUSD, XRPUSD, and others. Each cryptocurrency has its own trading specifications, such as contract size, minimum trade size, digits, margin percentage, swap rates, and spread.
Indices:
Indices represent the price performance of a group of shares from an exchange, providing traders with exposure to the overall economy through a single position. XtremeMarkets offers a variety of indices for trading, including AUS200, ESP35, EUSTX50, FRA40, UK100, GER30, JPN225, NAS100, SPX500, US30, HKG50, and more. Each index has specific trading specifications, such as contract size, minimum trade size, digits, margin percentage, swap rates, and spread.
Stocks:
Stocks represent ownership shares in a company and provide opportunities for traders to invest in various globally renowned companies. XtremeMarkets offers a range of stocks for trading, including Apple, Amazon, Facebook, and others. Each stock has its own trading specifications, such as contract size, minimum trade size, digits, margin percentage, swap rates, and spread. Trading sessions for stocks vary depending on the specific stock and are available during designated server times.
Metals & Energies
Metals trading usually involves gold and silver. Metals trading is closely linked to the overall global economy and the outlook for major currencies. XtremeMarkets offers a secure platform for trading precious metals like gold and silver and energies like crude oil and natural gas. XtremeMarkets offers competitive spreads, leverage options, and real-time market updates to help you diversify your portfolio and make informed trading decisions.
Account Types at XtremeMarkets
XtremeMarkets offers multiple account types tailored to different trading styles and experience levels:
Cent Account
Ideal for beginners or traders who want to start with minimal risk, the Cent Account requires a minimum deposit of $10. It offers spreads from 1.2 pips and maximum leverage of 1:1000, making it accessible for small-scale trading. No commission is charged on trades.
Prime Account
Designed for intermediate traders, the Prime Account requires a minimum deposit of $10. It features spreads from 0.9 pips and leverage up to 1:1000, providing a balanced approach for growing portfolios.
Platinum Account
The Platinum Account requires a minimum deposit of $200 for advanced traders seeking tighter spreads. It offers spreads from 0.6 pips, maximum leverage of 1:1000, and includes additional benefits such as a dedicated account manager and priority customer support.
Royal Account
The Royal Account is tailored for high-volume traders and requires a minimum deposit of $10,000. It provides ultra-tight spreads from 0.2 pips, leverage up to 1:400, and exclusive trading conditions, including lower commissions and personalized market analysis.
Power-Up Bonus Account
This unique account type is designed for traders who want to maximize their capital with bonus incentives. It requires a minimum deposit of $50, and traders receive additional trading credits based on their deposit size.
Additional Features
Islamic Account: Available for all account types, offering swap-free trading in compliance with Sharia law.
Demo Account: Allows traders to practice strategies risk-free with virtual funds.
Copy Trading: Enables users to automatically replicate trades from experienced investors.
How to Open an Account?
Opening a Trading Account with XtremeMarkets is a simple and quick process. Follow these steps to get started.
Step 1: Visit the Registration Page: Go to the official XtremeMarkets registration page.
Step 2: Fill in your personal details: Enter your name, email, address, phone number etc. Select your country of residence and account currency.
Step 3: Verify your identity (KYC Process): To comply with regulations, XtremeMarkets requires identity verification. So, submit the required documents.
Step 4: Complete the Application: Read and accept the Terms & Conditions and submit your registration.
Step 5: Fund your account: Once approved, log in to your account and deposit funds via:
- Bank transfer
- Credit/Debit card
- Any other payment mode
Step 6: Start Trading: After funding, you can access Xtreme Markets trading platforms (MT4/MT5) and begin trading.
Leverage
XtremeMarkets offers different account types with varying spreads and commissions. The Cent Account has a spread starting from 1.2 pips with no commission. The Prime Account offers a spread from 0.9 pip and no commission. The Platinum Account provides direct market access with raw spreads and no commission. The Royal Account has spreads from 0.2 pips with a $2 commission. The Power Up Bonus Account offers spreads starting from 1.2 pips, unlimited trade volume, and no commission for forex pairs.
Spreads & Commissions
XtremeMarkets offers different account types with varying spreads and commissions. The Cent Account has a spread starting from 1.2 pips with no commission. The Prime Account offers a spread from 0.9 pip and no commission. The Platinum Account provides direct market access with raw spreads and no commission. The Royal Account has spreads from 0.2 pips with a $2 commission. The Power Up Bonus Account offers spreads starting from 1.2 pips, unlimited trade volume, and no commission for forex pairs.
Deposit & Withdrawal
XtremeMarkets offers a range of deposit methods to cater to different preferences and needs. These options include Visa, Bitcoin, Neteller, Skrill, Wire Transfer, Master Card, Online Naira, Pay Trust, and Help2 Pay. With XtremeMarkets, there are no fees charged for any of these payment methods, which can be advantageous for traders. The minimum deposit amounts vary depending on the method chosen, ranging from $5 to $500, while the maximum deposit amounts typically go up to $10,000 or are unlimited in the case of Wire Transfer.
Visa, Bitcoin, and Master Card deposits process relatively quickly, with funds credited to the trading account in up to 10 minutes. Neteller, Skrill, Online Naira, Pay Trust, and Help2 Pay offer instant deposit capabilities. However, Wire Transfer deposits may take 2-7 working days to reflect in the trading account.
PAMM Trading with XtremeMarkets:
Xtreme Markets offers PAMM (Percentage Allocation Management Module) accounts, allowing skilled traders to manage funds on behalf of investors. Investors can allocate capital to experienced PAMM managers, who trade on their behalf while earning a performance-based fee. This system provides a hands-free investment opportunity for passive traders, while managers benefit from additional capital. PAMM accounts feature transparent performance tracking, risk management tools, and flexible profit-sharing models.
Copy Trading with XtremeMarkets
Xtreme Markets supports Copy Trading, enabling traders to automatically replicate successful investors' trades in real time. This feature is ideal for beginners or those who prefer a passive trading approach, as it allows users to follow and mirror the strategies of top-performing traders. The platform provides detailed trader statistics, risk level indicators, and customizable copy settings to align with individual risk tolerance. With no manual intervention required, copy trading simplifies market participation while offering learning opportunities.
Trading Platforms
XtremeMarkets offers its clients access to two widely recognized and popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are highly regarded in the industry and provide traders with advanced tools and features for an enhanced trading experience.
MetaTrader 4 (MT4) is widely used and is considered one of the most popular trading platforms worldwide. It offers a user-friendly interface and a comprehensive range of trading tools, including customizable charts, technical indicators, and automated trading capabilities. Traders can access MT4 on desktop and mobile devices.
MetaTrader 5 (MT5) is an advanced trading platform that builds upon the success of MT4. It offers additional features and functionalities, catering to the needs of more experienced traders. With MT5, traders can access an extended range of markets, including stocks and futures, in addition to the forex market. The platform provides advanced charting tools, multiple timeframes, and a built-in economic calendar, enabling traders to make informed trading decisions.
Trading Tools
Trading Tools offered by XtremeMarkets include a range of useful features to enhance traders' decision-making and risk management capabilities. One of these tools is the Forex Holidays calendar, which provides a comprehensive list of worldwide holidays that may impact Forex trading. This allows traders to plan their strategies and adjust their positions accordingly.
Another valuable tool is the Position Size Calculator, which enables traders to analyze real-time values based on current market prices. By inputting relevant information, such as account currency, risk percentage, and stop loss levels, traders can accurately determine their position size and manage their risk.
The Pip Calculator is yet another useful tool offered by XtremeMarkets It assists traders in calculating the value of pips for their desired trades in the Forex market. This feature enables traders to understand the potential profit or loss associated with their chosen trade sizes, contributing to informed decision-making.
Additionally, XtremeMarkets provides an Economic Calendar, which helps traders stay updated on market-moving economic events worldwide. This calendar offers an easy way to track and monitor important economic updates that can significantly impact the financial markets. By staying informed about these events, traders can adjust their strategies accordingly and seize potential trading opportunities.
Educational Resources
XtremeMarkets provides a range of educational resources to assist traders in expanding their knowledge and understanding of the forex market. One of their offerings is the XtremeMarkets e-Course, which focuses on providing comprehensive forex education. By opening a XtremeMarkets Demo or Live Account and logging into the Trader's Room, users can access the e-Course under the 'EDUCATION' tab. This course covers various topics, from the fundamental reasons behind the existence of the forex market to essential strategies that form the basis of comprehending its dynamics.
For beginners, XtremeMarkets offers a Beginner Course, Elementary Course, Intemediate Guide and an Experienced Guide. All these courses are designed to introduce newcomers to the basic concepts of forex trading and, for other traders, serve as a steppingstone for further advancement in their trading careers.
Additionally, XtremeMarkets organizes webinars to provide traders with the latest insights and tools to enhance their trading experience. These webinars cover various topics, including market updates, risk management strategies, and other relevant aspects of forex trading. By participating in these webinars, traders can gain valuable insights and stay up to date with the latest market trends and developments.
Furthermore, XtremeMarkets keeps traders informed about the latest news and market updates. Through their platform, traders can access information about upcoming market events, economic indicators, and other relevant news that can impact forex trading. This feature enables traders to stay informed and make well-informed trading decisions based on the current market conditions.
Customer Support
XtremeMarkets offers customer support services through multiple channels to assist traders with their queries and concerns. One of the options available is email support, where customers can reach out to the company by sending an email tosupport@xtrememarkets.com. This method allows users to communicate their questions or issues in writing, providing a record of their correspondence.
In addition to email support, XtremeMarkets provides a phone number, +35796673007 for customers to contact their support team. This direct line of communication enables traders to seek assistance and receive real-time responses to their inquiries. Phone support can be particularly beneficial for individuals who prefer verbal communication or have urgent matters that require immediate attention. Furthermore, XtremeMarkets offers a live chat feature on their platform.
Conclusion
In conclusion, XtremeMarkets is a licensed and a regulated broker under FSC. With competitive spreads, flexible leverage up to 1:1000, and multiple account types, the broker caters to traders of all levels—from beginners to professionals. Advanced tools like PAMM accounts and Copy Trading provide passive investment opportunities.
FAQs
Question: What trading instruments are available on XtremeMarkets?
Answer: Forex, Cryptocurrencies, Indices, Metals & Energies and Stocks for trading.
Question:What leverage does XtremeMarkets offer?
Answer: Up to 1:1000.
Question:What are the deposit and withdrawal methods on XtremeMarkets?
Answer: XtremeMarkets offers various deposit methods, including Visa, Bitcoin, Neteller, Skrill, and more. Withdrawals can be made using the same methods.
Question:What trading platforms are available on XtremeMarkets?
Answer: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Question: Does XtremeMarkets provide educational resources?
Answer: Yes, XtremeMarkets offers educational resources, including an e-Course, beginner courses, webinars, and market news updates.
FX6222768842
India
When I first submitted my withdrawal application, the customer service representative said, "The system has detected that part of your account's transaction data belongs to the platform. You must sign an agreement to relinquish ownership and use rights to this data, otherwise you won't be able to withdraw funds." They also brought out a "data ownership clause," saying I had implicitly agreed to it when I opened the account. But when I looked through the account opening agreement, I couldn't find this ridiculous clause! The customer service representative directly threatened, "If you don't sign the agreement, your account will be frozen due to a 'data dispute,' and you won't get a penny of your principal back!" I was desperate for cash, so I had no choice but to read the agreement. It also stated, "After relinquishing your data rights, the platform can use the data at will, and users cannot be held accountable." This is a trap!
Exposure
Three days ago
FX3425384384
India
Indian customer service had been sending me "data hedging profit case studies" daily, claiming, "The platform uses real-time market data for hedging, so you can profit regardless of whether the market goes up or down. Investing 100,000 yuan will earn you at least 25,000 yuan per month." I believed them and invested 120,000 yuan. Last month, my account showed a profit of 30,000 yuan. I requested to withdraw my profits, but the customer service said, "The system calculated the data incorrectly. Your actual profit is negative, and you have to pay the 2,000 yuan difference!" I confronted them and showed them screenshots of my daily profits. The customer service replied, "You fabricated the screenshots. The platform data is the real thing!" I asked to see the platform's original data records, but they said, "The data is commercially confidential and cannot be shared with users." It's clear they don't want to cash out the profits!
Exposure
Three days ago
FX3102180634
India
When I first submitted a withdrawal request, the Indian customer service representative said, "The system detected a 0.3% discrepancy between your account data and the platform database. You'll need to pay a calibration fee for the technical team to correct the data. The funds will be credited to your account within 24 hours." They also sent me a "data deviation report" filled with incomprehensible code, threatening that if I didn't calibrate, my account would be marked as an 'abnormal data account' and my principal would be permanently frozen!" I was desperate for funds, so I gritted my teeth and paid 5,000 yuan. After two days, my withdrawal request was still stuck on the "calibration" line! I contacted customer service again, and they said, "The data calibration was more difficult than expected, and I had to pay another 3,000 yuan to upgrade the calibration service." It was then that I realized it was a scam!
Exposure
Three days ago
FX1284424521
India
I was initially concerned about information security, and Indian customer service immediately issued an "International Data Security Certification," claiming, "The platform's data encryption is at the highest level and no user information will be leaked." I believed it and invested 100,000 yuan, which I had saved for my small business. Just two weeks later, I received a strange text message saying, "There's an issue with your Xtreme Markets account. Click the link to verify!" I ignored it, but when I checked the platform, I discovered my account had been logged in and 20,000 yuan had been transferred out! I contacted customer service for an explanation, and they said, "You leaked your account information; it has nothing to do with the platform's data security." I asked them to check the data logs, but they said, "The logs are internal data and we can't show them to you!" It was clear they were forging the certification and leaking information!
Exposure
Three days ago
FX3325112344
India
When I first submitted my withdrawal application, customer service gave me an agreement. I clicked on it and was filled with unfair terms: not only did I have to authorize the platform to use all my personal data, but it also stated, "The risks arising from data authorization are the sole responsibility of the user, and the platform is not responsible!" I questioned the terms, and customer service said, "Either sign the agreement or forget about withdrawing funds. These are the platform's data rules!" I argued, saying that I hadn't mentioned this agreement when I opened the account. Customer service replied, "The data rules have been updated. It's your fault if you didn't read them!" I asked to see the update log, but they simply ignored my message! I later realized this agreement was a trap. After signing, the platform could use my data at will and shirk all responsibility!
Exposure
Three days ago
FX6944587692
India
I was initially concerned about the platform's security, and Nan Ya customer service immediately sent me "regulatory registration data" and "compliance certification reports," claiming, "The platform's data is fully compliant with international regulations, and your funds are absolutely safe." I believed them and invested 200,000 yuan, which I had planned to expand my business. But just one month later, my account was suddenly frozen! I contacted customer service, and they said, "Regulatory authorities are conducting a spot check and have temporarily frozen my account." I checked with the regulatory authorities they mentioned, but they found no registration records for this platform! Those "registration data" and "certification reports" were completely fabricated! I asked them for an explanation, but they said, "You didn't verify it yourself, and it has nothing to do with the platform." Didn't verify it? You used fake data to deceive me!
Exposure
Three days ago
FX2555196771
India
At first, Nanya customer service sent me screenshots of "user profit data" every day, claiming, "Invest according to the platform's data and double your money in three months." They even lured me into a so-called "high-yield data group" filled with shills showing off their profit records. I believed them and invested 100,000 yuan, which I had saved for my child's house. A few days ago, I checked my account and it showed a "profit of 15,000 yuan." I wanted to withdraw some of it, but I couldn't log in! I contacted customer service, and they said, "The system data is being upgraded and login is temporarily unavailable." After waiting three days and still unable to log in, I asked again, and they bluntly said, "Your account data is abnormal and has been frozen!" When I asked why, they said, "You're participating in illegal arbitrage!" I later learned that the shills in the group were all from the platform, and the profit data was fabricated. This was their way of defrauding people!
Exposure
Three days ago
FX3590928413
India
Last week, I urgently needed money to pay off my mortgage. When I applied for a withdrawal, I asked Nanya customer service if they could expedite it. They said, "Pay a 500 yuan expedited fee, use the priority data channel, and your funds will be in your account within 24 hours." I gritted my teeth and paid, hoping for a quicker payment. But after 24 hours, nothing happened. I contacted customer service, and they said, "The data channel is congested. Please wait another 24 hours." I waited another two days, and still nothing happened. I asked again, and they said, "Your application was misclassified as risky by the data system and needs to be reviewed again." Now, 10 days have passed, and every time I ask, they say, "It's under review!" I asked for a refund of the expedited fee, but they said, "Expedited service is provided, and no refund will be given regardless of whether the funds arrive." They took the money and didn't do anything, and they're so confident?
Exposure
Three days ago
FX2544900383
India
They constantly boast about being "data-based, with transparent and compliant withdrawals." However, almost 20 days after my withdrawal application, they've forced me to submit seven or eight irrelevant documents, citing "data verification," and I still can't withdraw my money! When I initially submitted my withdrawal application, customer service said, "We need photos of your ID and bank card, and the funds will be credited within three days." I immediately sent the withdrawal. Three days later, when I asked about the status, they said, "The data shows insufficient information linked to your account. We need to submit the first page of your household registration." Xtreme Markets' so-called "data-based" strategy is just a cover-up for scams. This South Asian-run team is nothing but scoundrels, taking users' money and then making things difficult for them!
Exposure
Three days ago
FX2550974223
India
Xtreme Markets is run entirely by South Asians. They constantly boast about their "data-based, real-time risk alerts," but the alerts are a complete gimmick. I lost $80,000 in a single day. This is pure robbing! I bought their premium membership specifically for the "data alerts." Customer service said they'd send instant alerts through the system whenever there were market fluctuations, allowing me to cut my losses. Last Wednesday, the forex product I invested in suddenly plummeted. The system should have issued an alert, but even after my account was down over $50,000, I didn't even receive a single notification! I contacted South Asian customer service for an explanation, and they claimed the "alert system data delay was a market emergency, not the platform's fault"! They boasted so much back then, and now they're blaming everyone for the problem?
Exposure
Three days ago
FX3328111502
India
I want to expose the deceptive tactics of the XtremeMarkets platform. In one gold futures trade, I set a stop-loss price of $1,750, but when it was triggered, the price plummeted to $1,730, a staggering $20 in slippage. This resulted in an instant loss of nearly $1,000. Reputable platforms typically maintain slippage of $3-5 in similar trades. Since then, I've experienced frequent and unusual slippage on numerous subsequent trades. It's clear this is intentional manipulation by the platform for their own profit. Their fund handling is riddled with flaws. The platform advertises a seemingly low minimum deposit of $5, but in reality, it's a deceptive scheme. It's a complete scam with absolutely no credibility.
Exposure
In a week
Josh Ng
Malaysia
so far so good had withdraw 400 and requesting another 400 Withdrawal process took me about 12 - 16 hours to receive
Neutral
07-23
FX1677695450
Pakistan
🚨 Scam Alert – Stay Away from Xtream Markets! 🚨 I’m warning everyone—Xtream Markets is a scam broker. They happily accepted my deposit and allowed me to trade, but as soon as I requested a withdrawal, it was either ignored or kept "pending" forever. I've contacted their support multiple times and keep getting vague excuses and delays. It’s clear now that they have no intention of returning my funds. This is a classic sign of a fraudulent broker—they lure traders in with promises, bonuses, and fast execution, but you’ll never see your money again once it’s time to withdraw. Avoid Xtream Markets at all costs. Don’t fall into the same trap I did. Stick with regulated brokers only, and always check for proper licensing before investing.
Exposure
07-05
FX7844341352
United Kingdom
I am currently working with XtemeMarkets and my manager name sunakshi thakur and she is best Manager she guide me about the market . I am comfortable to work with xtrememarkets good services and its an ECN broker. Previously I am working with excness but excness is market maker broker and unka candel chart bhut different chalta hai islye best hai xtrememarkets , mai Pakistan se hu 👮or xtrememarkets he choose krta hu and mere manager ka naam sunakshi hai
Positive
04-16
FX6295859952
Pakistan
I dedicated this feedback to my manager Sunakshi Thakur she is from xtrememarket and she is best guider forever she always solved my problem and also guide me about forex market , always gives me my withdrawal instant
Positive
04-16
Colodia
Russia
Fantastic spreads, super responsive CS! Trading software is user-friendly, and min deposit is doable.
Positive
2024-08-01
yia
Cyprus
With XtreamForex, it's been quite a mixed experience. While I appreciate the easy withdrawal and deposit methods, and their accessible customer support, the experience gets tainted by some unexpected account deductions and unaddressed complaints. For anyone willing to trade with them, keep a vigilant eye on your deposits. Happy trading everyone!
Neutral
2024-04-26
FX1667354979
United States
They provides free webinars for beginners. The speaker is good and explains the topics well, especially the fundamental analysis. The speaker has extensive knowledge in forex trading so he can share many experiences as a long time trader. I have started trading in the live account and I highly recommend this broker because of the low spread and low commission.
Positive
2024-04-25
FX1807039744
Pakistan
Caution: Xtream Forex Notification Exercise caution as the company is hesitant to disburse profits resulting from high-frequency trades amid unpredictable market fluctuations It appears that Xtream Forex may lean towards its clients incurring losses, while my account wqs incurring losses it was all hahaha nice for them. Their managers : 1: Amandeep 2: Priya 3: Hemma above mentioned three idiots refuse to discuss on subject and claims and speaking crptics and riddles. Aforementioned company is adamant I take my initial deposit amount of $5000.00 and walk away. please also note company The affected party is JB, with Xtream Forex account number 2109052339. Attached are 1 chats with Priya (In Urdu) 2: deposit via USDT to Xtremeforex 3: email communication seeking clarification from the company for the claims of my offense. 4: My trades
Exposure
2024-01-18
Anas FX
Cyprus
My trading journey with XtreamForex has had its share of waves and calm seas. While their platform performs reliably, and their customer support is supportive, their slightly wider spreads and withdrawal speed could use some fine-tuning. Nevertheless, for traders who can shoulder these minor turbulences, XtreamForex offers a steady trading ride.
Positive
2023-12-01