Cryptocurrency refers to virtual currency which works as a medium of exchange. It uses cryptographical functions. By using codes called public and private keys users can access their cryptocurrency. There is no central controlling authority for this digital currency. Cryptocurrency is traded through blockchain technology. Cryptocurrencies use distributed ledger technology (DLT). There is no need to give any kind of personal information to own or use these cryptocurrencies. Cryptocurrencies are used globally. Users of these currencies can stop their information from being accessed with the help of special codes.
There are various types of cryptocurrencies. There are more than a hundred types of cryptocurrencies in the whole world and the total value of these currencies is more than 350 billion US Dollars. In today’s era more and more people want to invest their money and cryptocurrencies are becoming popular for investment because it is very easy to invest in these cryptocurrencies.
The trading of cryptocurrencies is becoming popular. There are two ways to trade cryptocurrencies that is via cryptocurrency exchanges and cryptocurrency brokers. Sellers and buyers holding a large number of cryptocurrencies are detected by the cryptocurrency brokers and then they bring buyers and sellers together for sale. This process is faster than the exchange and it is more convenient and flexible. There are various features of cryptocurrency broker which make brokerage helpful. One of the features is technical analysis tools that will help a person with his strategies and risks. If a person invests through a broker there is safety as a regulated broker’s business is audited so if the broker breaches the rule then the client can file a complaint.
Xtrade is a platform through which trading of financial assets is done. Xtrade provides various services to their clients like it manages the risk of their clients, helps their clients for making trade payments and accessing liquidity. Xtrade is a global trading platform.
Features of Xtrade
Xtrade has various features. Some of the features are discussed below:
- 24*7 services: Xtrade provide its services 24*7 that is around the clock service to its clients. This feature helps the Xtrade to work globally without any time limitation.
- Web-based and mobile application: Xtrade provides both web-based and mobile apps for its services. Clients who want to use their services on a mobile phone can install apps for ease. Clients can manage trade activities from this feature.
- Segregated accounts: segregated accounts are accounts where trader’s and broker’s assets are kept separate. At Xtrade reputable credit institutions segregate client’s funds.
Services offered by Xtrade
There are various services offered by Xtrade as it is the leading CFD and crypto broker. Some of the services offered by Xtrade are as follows:
- Trade payments: Xtrade helps its clients in the trade payments. Trade is selling and buying of the cryptocurrencies or financial assets and Xtrade helps its client in buying and selling and making payments.
- Risk management: Xtrade manages the risk of the client as it serves as a broker. It manages the financial assets of its clients accordingly so that it can avoid risk no losses can be incurred.
- Accessing liquidity: Xtrade access the liquidity of the financial assets. And helps its client according to the liquidity and keeps a check on it.
- Free demo account: Xtrade provides free demo accounts to people who want to check their services. It is a very attractive service as one can open a demo account to know about the Xtrade services and its features.
- Various products: Xtrade provides services for various products like CFDs, forex, cryptocurrencies, ETFs, Bonds, etc. So Xtrade provides services for various products in the market.
- Different types of accounts: it provides an individual with different types of accounts. These accounts are made in reference to the amount of funds available with an individual and in which market they want to trade upon. Different types of accounts are silver, gold platinum, and Islamic account. These accounts meet the need of different individuals. The additional Islamic account is there which is the main attraction. In this account one can deal with raw prices also it comes with zero interest charges.
Xtrade is a very big broker for crypto trading. Trading involves a high risk of loss. Xtrade plays a great role in managing the risk. It helps its customers in many ways. Xtrade provides various services to its customers and it provides around the clock services for the ease to the customers. Xtrade is very famous for its services and policies. Xtrade provides a confidential service to its customers, so one should prefer it for trading purposes.