Corporate Profile
XTrend Is A Forex Broker Established In 2016 And Headquartered In Limassol, Cyprus. The Company Is Owned And Operated By Rynat Trading Limited And Has A Registered Office And Correspondence Address In Cyprus. XTrend's Main Business Is To Provide Investors With Financial Trading Services Such As Forex, Precious Metals, Etc. The Company Expressly States That It Does Not Provide Services To Jurisdictions That May Violate Local Laws Or Regulations, Including Countries Such As The United States, Canada, Israel, Etc.
Regulatory Information
XTrend Is Authorized And Regulated By The Cyprus Securities And Exchange Commission (CySEC) With License Number 303/16 And Authorization Date Of June 30, 2016. Its Registered Entity Is Rynat Trading Limited With Its Registered Address At 18 Monis Machaira, Floor 4, Flat/Office 401, 3020, Limassol, Cyprus And Business Registration Number 344135. According To The Compliance Statement, XTrend Strictly Complies With All Relevant Financial Regulations To Ensure The Safety Of Client Funds And Transparent Transactions.
Trading Products
XTrend Currently Offers Trading Products Such As Currency Pairs, Silver And Gold. Currency Pairs Include Major Varieties Such As EUR/USD, GBP/USD, And Precious Metals Include XAU/USD (gold) And XAG/USD (silver). As Of 2023Q3, XTrend Has A Limited Range Of Tradable Assets And Has Not Yet Expanded To Cryptocurrencies Or Other Derivatives.
Trading Software
XTrend Provides A Self-developed Trading Application That Supports IOS And Android Systems, Providing Convenience For Mobile Traders. However, XTrend Does Not Currently Support The MT4 Platform, And This Lack May Pose A Barrier For Professional Traders Who Are Used To Using MT4.
Deposit And Withdrawal Methods
XTrend Supports A Variety Of Payment Methods, Including Visa, Mastercard, Paypal, Bank Transfer, Neteller And Skill, With A Minimum Deposit And Withdrawal Amount Of $50 And A Maximum Of $50,000. XTrend Does Not Charge Additional Fees When Depositing And Withdrawing Funds, But Traders Are Advised To Keep An Eye Out For International Transaction Fees That Banks May Charge.
Customer Support
XTrend Provides Traders With Multi-channel Customer Support, Including Phone And Email Services. Traders Can Contact The Support Team At Phone Number + 357 25258020 Or Email For Assistance With Account Opening, Trading Operations And Account Management. However, XTrend Does Not Provide Live Chat Or Social Media Support.
Core Business And Services
XTrend's Core Business Is To Provide Investors With Trading Services For Foreign Exchange And Precious Metals. The Company Offers Leverage Of Up To 1:500 To Meet The High Risk Appetite Of Aggressive Traders, While The Minimum Deposit Is Only $50, Suitable For Small And Medium Investors.
Technical Infrastructure
XTrend's Technical Infrastructure Is Mainly Reflected In The Integration Of Its Mobile Trading Platform And Payment System. The Platform Supports Basic Trading Functions, But Compared To Mature Platforms Such As MT4, The Functions Are Relatively Simple.
Compliance And Risk Control System
XTrend Strictly Complies With CySEC Regulatory Requirements To Ensure The Safety Of Client Funds. Its Risk Control System Includes Margin Call Mechanism And Stop Loss Margin Mechanism To Reduce Trading Risk. XTrend's Spread And Commission Structure Is Transparent, And Trading Costs Are Clear.
Market Positioning And Competitive Advantage
XTrend Has A Place In The Cyprus Forex Market Due To Its Low Cost And High Leverage. However, The Limited Nature Of Its Trading Products And The Lack Of An MT4 Platform Are Its Main Shortcomings.
Customer Support And Empowerment
XTrend Empowers Traders To Enhance Their Trading Capabilities Through A Detailed Account Opening Process And Multiple Trading Tools. However, Its Single Trading Platform And Limited Product Variety May Limit The Long-term Use Experience Of Its Customers.
Social Responsibility And ESG
XTrend Has Limited Information On Social Responsibility And ESG, And May Need To Strengthen Relevant Information Disclosure In The Future.
Strategic Cooperation Ecology
XTrend Has Not Disclosed Its Strategic Partnership, And May Expand Its Product Line And Market Influence Through Cooperation In The Future.
Financial Health
XTrend's Financial Health Information Is Not Disclosed, But As A Regulated Institution, Its Capital Adequacy Ratio Should Comply With CySEC Requirements.
Future Roadmap
XTrend's Future Plans May Include Expanding The Variety Of Trading Products And Optimizing Platform Functions To Better Meet Customer Needs.
