Founded in 2016, XTrend Speed offers trading in forex, indices, commodities, stocks and cryptocurrencies. The company provides services via Rynat Capital (Pty) Ltd. (regulated by FSCA, a tier-2 regulator).
The broker offers two platforms – the in-house XTrend Speed app and the widely popular MT4. With XTrend Speed, you can choose between two accounts – one based on the XTrend Speed platform, and another one based on the MT4 platform.
XTrend Speed received high scores in the Platforms and Tools and Fees categories. The company’s Support received a low mark.
For beginner traders, XTrend Speed offers accounts with a minimum deposit of just $5. The low minimum deposit makes it easier for novice traders to make their first steps in the markets with real money. Real-money trading differs from demo trading due to the psychological pressure of having your own money at risk. The low minimum deposit allows traders to experience “real” trading with low risks. Advanced traders should note that XTrend Speed has a 3.5% withdrawal fee.