X Charter

Note: XCharter's Official Website - Https://x-chartermarkets.com/and Https://x-charter.com/, Cannot Be Opened Properly For The Time Being.

Overview Of XCharter

Founded In 2023 And Headquartered In New Zealand, XCharter Provides A Convenient Trading Platform For Traders Of All Experience Levels, Including Popular Trading Assets Such As Forex, Commodities, Stocks, And Cryptocurrencies. However, Traders May Find That The Educational Resources And Research Tools It Offers Are Limited.

Is XCharter Legal?

XCharter Holds A Designated Representative (AR) License Number 001308821, Which Is Authorised By ASIC Australia. However, At This Time Its Status Has Been Revoked.

Pros:

• Hot Trading Assets: XCharter Offers A Wide Range Of Trading Assets Covering Various Markets Such As Forex, Commodities, Stocks And Cryptocurrencies. This Wide Selection Of Assets Enables Traders To Diversify Their Portfolios And Take Advantage Of Different Market Opportunities.
• Multiple Payment Methods: XCharter Supports Multiple Payment Methods, Including Mastercard, Visa, Skrill, Neteller, PerfectMoney, And UnionPay. This Variety Of Payment Options Enhances The Convenience Of Traders, Enabling Them To Choose The Payment Method That Best Suits Their Preferences And Needs.
• User-friendly Trading Platform: XCharter Provides User-friendly Trading Platforms, Including MetaTrader4 (MT4) And MetaTrader5 (MT5).
• Offers Its Own Trading App: XCharter Also Offers Its Own Trading App That Calls EdCharterTradingApp, Making It Easy For Traders To Trade Anytime, Anywhere.
• Unlimited Leverage: Unlimited Leverage Appeals To Some Traders Because Of Its Potential To Amplify Profits.

Cons:

• Limited Educational Resources: XCharter Has Limited Availability Of Educational Resources, Which Is A Notable Drawback.
• Limited Research Tools: XCharter Offers Limited Research Tools That Prevent Traders From Conducting In-depth Market Analysis And Making Informed Trading Decisions.

Market Tools

XCharter Offers Four Classes Of Trading Assets, Providing Traders With Over 1,000 Tools Covering Various Markets. Forex (foreign Exchanges) Occupy A Significant Part Of The Available Assets, Enabling Traders To Speculate On The Price Movement Of Currency Pairs From Major, Minor And Exotic Currency Markets.

Additionally, Traders Can Participate In Commodity Trading, Covering A Wide Range Of Commodities Such As Precious Metals Such As Gold And Silver, Energy Sources Such As Oil And Gas, And Agricultural Products Such As Wheat And Corn.

The Platform Also Provides The Opportunity To Trade Stocks, Enabling Investors To Buy And Sell Shares Of Listed Companies From Around The World. In Addition, XCharter Also Facilitates The Trading Of Cryptocurrencies, Including Popular Digital Assets Such As Bitcoin, Ether And Ripple, Among Others.

Account Types

For The Average Trader, A Standard Account And A Standard Sub-account Are Available. Both Accounts Have Competitive Trading Conditions, With Minimum Deposit Requirements Varying Depending On The Payment System Chosen.

The Standard Account Offers A Wider Range Of Trading Tools, Including Forex, Precious Metals, Cryptocurrencies, Energy, Stocks And Indices, Offering A Starting Spread Of 0.2 Pips And No Commissions. Traders Can Benefit From Unlimited Leverage And The Number Of Open Positions, With A Maximum Lot Size Of 200 During Peak Hours (7:00-20:59GMT + 0) And 60 During Off-peak Hours.

The Standard Sub Account Is More Focused On Forex And Precious Metals Trading, But Under Similar Conditions. It Has Slightly Higher Spreads, With A Starting Spread Of 0.3 Pips, And Again No Commissions. The Account Type Allows Up To 1,000 Open Positions, With The Maximum Number Of Lots Held Remaining At 200. Both Account Types Share Several Key Features, Including A Minimum Lot Size Of 0.01, 0% Hedged Margin, 60% Margin Calls, And A 0% Stop-loss Level. They Also Offer Market Execution And Swap-free Transaction Options.

For Professional Traders, Three Customized Accounts Are Available: RawSpread, Zero, And Pro. Each Account Requires A Minimum Deposit Of $200 And Is Available To A Wide Range Of Traders.

Spreads Start At 0 Pips For RawSpread And Zero Accounts, Compared To 0.1 Pips For Pro Accounts. Commission Structures Vary, With RawSpread Accounts Charging Up To $3.50 Commission Per Lot Per Side, Zero Accounts Charging $0.20 Commission Per Lot Per Side, While Pro Accounts Are Commission-free.

These Three Accounts Offer Unlimited Leverage And Access To A Comprehensive Selection Of Trading Tools, Including Forex, Precious Metals, Cryptocurrencies, Energy, Stocks, And Indices. They Offer Flexible Trading Conditions With A Minimum Lot Size Of 0.01 And A Maximum Lot Size Of 200 During Peak Hours (7:00-20:59GMT + 0) And 60 During Off-peak Hours (21:00-6:59GMT + 0). The Platform Allows Unlimited Positions, Implements 0% Hedging Margin, Sets 30% Margin Calls, And Has A 0% Stop-loss Level. Order Execution Is Mainly Based On The Market, And Pro Accounts, With The Exception Of Cryptocurrencies, Offer Instant Execution. In Addition, All Accounts Offer A No-swap Transaction Option.

How To Open An Account?

To Open An Account With XCharter, Please Follow These Specific Steps:

1. Visit The XCharter Website: Visit The Official Website Of XCharter Using A Web Browser On Your Computer Or Mobile Device.
2. Click On "Register": Find The "Register" Button On The Front Page Of The XCharter Website And Click On It.
3. Fill Out The Registration Form: Fill In Accurate Personal Information Including Full Name, Email Address, Phone Number And Country Of Residence.
4. Verify Email: After Submitting The Registration Form, Check Your Email Inbox For A Verification Email From XCharter.
5. Click On The Verification Link Provided In The Email To Verify Your Email Address.
6. Complete Identity Verification: Follow The Instructions Provided By XCharter To Complete The Identity Verification Process. This May Involve Uploading Scanned Copies Of Identification Documents, Such As A Passport Or Driver's License, As Well As Address Proof Documents.
7. Funds Credited: Once Identity Verification Is Complete, You Can Top Up Your XCharter Account Using One Of The Available Payment Methods, Such As Bank Transfer Or Credit/debit Card. Follow The Instructions Provided On The XCharter Platform To Deposit Funds Into Your Account And Start Trading.

Leverage

XCharter Offers Maximum Leverage 1: Unlimited, Providing Traders With Important Flexibility In Trading Positions. With Leverage, Traders Can Expand Their Market Exposure, Potentially Increasing Profits And Risk Relative To Their Initial Investment. 1: Unlimited Leverage Means There Is No Upper Limit To The Leverage Offered By XCharter.

Spreads And Commissions

XCharter Offers A Range Of Spreads And Commissions Across Its Various Account Types.

Standard Accounts Typically Have A Starting Spread Of 0.2 Pips And No Commission Fees, Making Them Suitable For Traders Who Are Focused On Low Trading Costs. In Contrast, RawSpread Accounts Have The Lowest Spreads, Starting At 0 Pips, But Will Charge A Fixed Commission Per Lot, Up To $3.50 Per Lot Per Side. This Account Type May Appeal To Traders Who Are Willing To Pay A Commission For Tighter Spreads.

On The Other Hand, Zero Spread Accounts Offer The Top 30 Instruments For Zero Spreads, But Will Charge A Starting Commission, Starting At $0.20 Per Lot Per Side. This Account Type May Appeal To Traders Looking For Zero Spreads And Competitive Commission Rates.

Finally, Pro Account Combines A Starting Spread Of 0.1 Pips With No Commission Fees, Suitable For Traders Who Value Low Spreads And Instant Execution Without Commission.

Trading Platform

In Terms Of Trading Platforms, X-Charter Offers Three Options: MetaTrader4, MetaTrader5 And XCharter Trading Applications.

MetaTrader4X-CharterMarkets Offers Traders The Opportunity To Access The Renowned MetaTrader4 (MT4) Platform, A Powerful And Versatile Solution For CFD Trading On A Wide Range Of Financial Instruments. This Industry Standard Platform Is Available Free Of Charge And Optimized For Trading Currency Pairs And Other CFD Products. MT4's Powerful Features And Intuitive Interface For Both Beginners And Experienced Traders Provide A Comprehensive Toolkit For Financialmarekt. To Enhance Its Accessibility, The Platform Is Available For Download On The AppStore And Android Devices, Enabling Traders To Seamlessly Manage Their Portfolios And Execute Trades Across Multiple Devices. This Mobile Compatibility Ensures That X-CharterMarkets' Clients Can Stay Connected To The Market And Take Advantage Of Trading Opportunities Anytime, Anywhere.

MetaTrader5X-CharterMarkets Provides Traders With Access To The MetaTrader5 Platform, A Complex And Versatile Trading Solution For Trading CFDs Across A Variety Of Financial Instruments. This Powerful Platform Is Available Free Of Charge, Enabling Users To Trade Currency Pairs And Execute Trades On A Wide Range Of Other CFD Products. MetaTrader5's Advanced Features And User-friendly Interface Make It Ideal For Both Novice And Experienced Traders Looking For Comprehensive Tools To Cope With Dynamic Financial Marekts.

XCharter Trading App X-Charter Also Differentiates Itself By Offering Its Own Proprietary Trading App, The XCharter Trading App.

Deposits And Withdrawals

XCharter Offers A Variety Of Payment Methods To Meet The Various Needs Of Traders. Accepted Payment Methods Include MasterCard, Visa, Skrill, Neteller, PerfectMoney And UnionPay. These Well-known Payment Options Offer Traders Flexibility And Convenience In Depositing Funds Into Their Trading Accounts. Accounts Ensure A Friendly Deposit Process For Their Customers When Traders Tend To Use Debit/credit Cards, E-wallets Or Bank Transfers. The Minimum Deposit Amount Required To Open An Account Varies Depending On The Payment Method And Account Type Chosen. For Standard And Standard Sub-account Accounts, The Minimum Deposit Amount Depends On The Payment System Chosen, Allowing Traders To Choose The Most Suitable Option Based On Their Preferences And Budget. On The Other Hand, RawSpread, Zero And Pro Accounts Require A Minimum Deposit Of $200, Providing Traders With An Easy Entry Point Into The Trading Platform Regardless Of The Account Type Chosen.

Customer Support

XCharter Provides Customer Support Via Email Support@x-chartermarkets.com And By Phone At (239) 555-0108. Additionally, Their Physical Address Is 4140 ParkerRd., Allentown, New Mexico 31134. This Multi-channel Approach Enables Traders To Seek Help With Account-related Questions, Technical Issues, Or General Support. By Offering Online And Offline Support Options, Accounts Ensure Accessibility And Responsiveness To Their Customers' Needs, Promote A Positive Customer Experience, And Enhance Trust And Satisfaction With Their Services.

Conclusion

In Conclusion, Accounts Are A Good Choice For Traders, Offering A User-friendly Trading Platform As Well As Tailored Account Options For Traders Of All Experience Levels. However, The Platform May Benefit From Further Enhancements Such As The Educational Resources And Research Tools It Offers To Better Support Traders On Their Trading Journey.