XCGIN Review – Is XCGIN Scam or Legit? (Complete xcgin.com Review)
XCGIN Review
This XCGIN review will tell traders all that they need to know about this efficient brokerage firm. These days there is an inundation of online trading firms that traders can sign up with. However, only a few of these brokers are efficient. The increasing demand of online trading firms due to the increased interest of people in online trading has given the opportunity to scammers to disguise themselves as brokers. When people are new to online trading, they may not be aware of these scams and fraudulent schemes that take the shape of brokers. This is why traders need to ensure the legitimacy of the trading firm that they create their account with before proceeding to sign up with it.
On top of that, the brokerage firms that are legit and trustworthy often don’t offer great trading conditions. So, if you are looking for a trading firm that ensures a high-quality trading experience, then you should consider signing up with XCGIN.
Let’s take a look at some important features of XCGIN that make it such an efficient broker.
| Broker | XCGIN |
| Website | xcgin.com |
| Account Types | Silver, Gold, Platinum, Diamond, VIP |
| Trading Platform | Web Based, Mobile |
| Minimum Deposit | € 10,000 |
| Asset Index | Forex, CFDs, Cryptocurrencies, Stocks, Indices |
| Trading Tools | Live Charts, Economic Calendar, Price Alerts, etc. |
| Education | Standard Trading Room, Platform Walkthrough, Technical & Fundamental Education |
| Customer Support | Phone and Email |
| Website Language | EN |
| KYC, AML, CFT | Yes |
Best Features Of XCGIN
Easy To Register
When you are new to online trading, your first interaction with the broker is during the process of registration. You will notice that a lot of the trading firms don’t pay attention to this aspect and end up with long and complicated signup forms. Albeit online, you will still feel intimidated by a long-form that requires a lot of personal information such as ID number, passport number, etc. A tip to identify good brokers from suspicious ones is to take a look at their registration form. A good trading firm will ask for a decent amount of information, no more than five to six slots long. You will find that XCGIN has a very straightforward and easy signup process that does not ask for unnecessary information.
Furthermore, another thing that firms don’t pay attention to is the registration fee. They will ask for a huge sum just to confirm your account which excludes the deposit amount required to activate your account. XCGIN does not ask for a fee unless you pick the account type that you want to trade with. Overall, you will find that it is very easy to register your account with XCGIN.
Assets Available For Trading
You should make sure that the broker that you are creating your account with supports a variety of assets. Unless you are a professional trader who specializes in the trade of one asset, you should find one that supports an impressive range. As a new trader, you need to experience trading with different assets to understand how the markets work.
Furthermore, being able to invest in multiple assets provides you with more investment opportunities than you would have with a broker that supports a few assets. Being able to access a variety of assets allows traders to practice low-risk trading. When you invest a huge sum in a single asset, you will face a larger loss if the market value drops than you would if you invested different amounts in different assets.
XCGIN allows you to trade with a number of assets which in turn lets you practice low-risk trading and allows you to build a diverse trade portfolio from the get-go. You can trade with over 200 different assets with this broker. These assets include forex, cryptocurrencies, indices, commodities, and stocks. The variety of assets allows you to find the asset that you are most comfortable in trading with. It will also allow you to study the markets of the different trade instruments before you start investing in them.
Account Options
A common trait among online brokers is that of multiple account options. Trading firms provide multiple account options to accommodate traders from different backgrounds. Since all traders come from different backgrounds, they have different requirements and expectations from the broker. They can choose the account type with which they are most comfortable. So, what makes the account options that XCGIN offers different from the other brokers? Well, with XCGIN you can create an account with not only the range of executive accounts but also from a range of expected managed accounts.
The account choices that traders can choose from including the Silver account, Gold account, Platinum account, Diamond account, and the VIP account. The Silver account is the most basic account option that you can choose from and has an initial deposit requirement of $10,000. This may seem a lot to some traders but if you compare it with the features that you can access, then you will easily accept the price.
Many other trading firms don’t provide the necessary features that one needs to trade effectively on their basic accounts and give it a low initial deposit rate. This is why the amount for the silver account may seem large to some people. However, the number of features it provides makes it worth the cost. The highest initial deposit value that you have to pay is for the VIP account which requires a deposit of $500,000. The prices of the accounts in between increase as the account levels upgrade.
With the impressive range of account options, XCGIN is a trading firm that can accommodate a variety of traders.
Self-trading Account
XCGIN also allows traders to use a self-trading account. The benefit of this account is that it keeps the trader in control of all aspects of trading. For instance, in the other accounts, it is possible that the account manager is required to sell an asset to you for a specific price for a profit. With this account, you are in complete control over the finances. Furthermore, it keeps you safe from being persuaded to pursue a specific kind of trading as you make all your decisions yourself. This self-trading account is a unique feature of XCGIN that you will surely not find with other brokers.
Educational Resources
New traders are always eager to get into the fun parts of online trading as soon as they start investing. However, the truth is far from it. When you decide to pursue online trading without a financial background, you need to first develop an understanding of the basics. There are many figures, graphs, charts, and tools that you need to know how to use when you begin online trading.
Many people refer to search engines to find relevant material to develop an understanding of the fundamentals. However, the fact of the matter is that there is simply too much information on the web which may or may not be useful for online trading. For this reason, XCGIN offers its own range of learning materials that traders can benefit from.
You can learn about the basics of online trading as well as learn about some of the complex features via the materials provided by the broker. These materials are in the form of videos, lectures, e-books, webinars, etc. Furthermore, CFD Advances has made its trading room available for everyone who visits its website. This is immensely helpful for traders who are in the learning stages of their trading career as they can experience real-time trading conditions through the room.
CFD Trading
Now, XCGIN is a given for the trading focus of the broker. This trading firm specializes in CFD trading which is a way of trading that allows traders to invest in assets without using their investment capital. CFD stands for contract for difference and allows traders to sign a contract for the asset for a specific time period. The difference in the opening price at the time of the contract and the closing price determines the profit or loss that the trader makes.
CFD trading is a very useful method of trading as it allows traders to be a part of multiple investments at the same time. However, many firms don’t offer this feature due to the high-risk nature of this form of trading. You should be vary of these trading firms since just because something has a high risk, doesn’t mean that it shouldn’t be offered as it is a valuable form of trading.
So, as long as the trader invests within a limit and does not go overboard, they can enjoy the benefits of trading with CFDs. You can also reach your financial goals faster with this method of trading because it allows traders to invest in assets outside their current financial range. However, they should always remember to be cautious when making such huge investments since the loss could be as high as the desired profit.
Trading Platform
You can tell a lot about the broker depending on the quality of the trading platform that they provide. When you sign up with a firm, all your interactions with the broker will be through this trading platform. Furthermore, you will also perform all your trading actions with this trading platform, so it is important to ensure that it is of good quality. The brokerage firm can offer the best services and features, however, if the trading platform is not advanced and compatible enough, the features will not be worth it.
XCGIN offers a robust trading platform that allows traders to trade comfortably while staying updated with the fast-moving market. It provides traders with modern tools that ensure that they are able to make the best investment decisions. Advanced features such as charting and analysis tools keep the traders informed about the market movements which allows them to make smart investments.
You can access the trading platform of this broker in the form of a web trader as well as in the form of mobile traders. Both versions of the platform have their own benefits. The web trader is easy to access and does not require special devices and software to function. The mobile trader allows traders to trade on the go at any time and from anywhere that they want. You can download the apps for your Android and iOS devices from the Google Play store and the Apple Store respectively. The systems are regularly updated so you don’t have to worry about any bugs or errors in the apps.
Security and Regulations
You should never compromise on the security protocols and the regulatory status of the brokerage firm that you decide to sign up with. Online trading firms are frequently attacked by hackers in order to steal the customer’s information and funds. However, a secured system keeps these cybercriminals away from the broker. Following the order, XCGIN offers a completely secured trading platform that is protected with strong security protocols.
You will also find that XCGIN is a fully regulated broker which ensures that it is a trustworthy trading platform. Regulations monitor the daily activities of the broker to make sure that it is not doing anything illegal. The broker is also compliant with the AML and KYC policies which should immediately put your heart at ease as they safeguard the user’s identity on the web.
Customer Service
You will be pleased to find that XCGIN offers a customer support service that is active 24 hours a day, 6 days a week. This means that you can get a response from them at any time of the day which is a great facility for traders in different time zones. The experienced staff makes sure to provide you with comprehensible answers to all your queries. You can get in touch with them through emails, phone calls, and via their direct message feature. The broker has also provided an extensive FAQs section that covers a lot of the important topics that people are curious to know about.
The Bottom Line
XCGIN is a brokerage firm that offers a completely secure trading environment. The regulated firm offers multiple assets that provide traders with an impressive variety. The multiple account options allow traders from various backgrounds to easily find an investment plan that suits them. Whether you are an experienced trader or just starting your journey, XCGIN will prove to be a profitable choice for you.
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