XTrade Australia Forex Broker Review

Up to AU$50 No Deposit Bonus

XTrade Australia Facts

  • 50+ currency pairs majors, crosses and exotics
  • Leverage available up to 50x
  • Trade with zero hidden fees
  • Up to AU $50 No Deposit Bonus
  • No Loss AU$120 on your first trade
  • Up to AU$ 6,000 First Deposit Bonus

Summary Review

Review Summary

Licensed in Australia with AISC (AFSL number:343628), Xtrade has no commissions or hidden fees, modern CFD trading platform, local Australian support and can even deposit using PayPal!.. Xtrade offers clear segregation of clients funds, 30 supported languages and 24/5 customer support, which means for forex trading they should be your first choice!

XTrade Offers FOUR different Welcome Offers

    1. AU$20 No-Deposit Bonus just verify your mobile number
    2. First Deposit Bonus from 20% to 60% depending on deposit size
    3. If your trade trade makes a loss get refunded up to AU$120 AND if it makes a profit you keep the profit
    4. AU$30 No Deposit Bonus when you complete the new account verification process (just provide some simple documentation).

How is the Bonus Credited?

Bonuses are credited immediately and no bonus codes are required

Software

Web Trader, Windows App, Mobile/iPad & Android Apps, Mac Compatible

Quick Facts

  • AISC Regulated
  • 24/5 Australian Customer Service
  • AUD Denominated accounts available
  • Free market analysis and trader education

Deposit Methods

  • Poli - Instant and zero fees (top option)
  • Visa & Mastercard Debit & Credit Cards - Instant and zero fees
  • American Express and CashU - - Instant and zero fees
  • Skrill & Neteller - Instant deposit and zero fees
  • Wire Transfer - Two to Five Days

Detailed Review

XTrade Australia Welcome Bonus Review

SCORE!

With Cristiano Ronaldo as an Ambassador you know that XTrade is world class.

Licensed in Australia with AISC (AFSL number:343628), Xtrade has no commissions or hidden fees, a modern CFD trading platform, local Australian support and you can even deposit using PayPal! Xtrade offer clear segregation of clients funds, 30 supported languages and 24/5 customer support, which means they are the "la liga", ok I'll stop the Ronaldo puns, now.

Trading Forex with XM:

  1. 50+ currency pairs majors, crosses and exotics
  2. Leverage available up to 50x
  3. Trade with zero hidden fees or commissions
  4. Up to AU$50 in No Deposit Bonuses
  5. No Loss AU$120 on your first trade
  6. Up to AU$ 6,000 First Deposit Bonus

XTrade Welcome Bonus Review

When you open a new account at Xtrade they have a multi-stage welcome bonus to ease you into trading.

Bonus 1:

To start with all new accounts are automatically credited with a free AU$20 no deposit bonus.

How to get your free No Deposit AU$20:

To claim the No Deposit Bonus you need to follow a few simple steps:

  1. Open a Real Account
  2. Select Account Options and click "Phone Verification"
  3. Enter your phone number and then enter the code you just received by SMS
  4. BOOM! Free AU$20 has just been credited to your account

Bonus 2:

On your first deposit, you will receive a bonus ranging from 20% to 60%

XTrade First Deposit Bonus Details

First Deposit Amount:

  • $100 - $249 and Get 20% Bonus
  • $250 - $449 and Get 30% Bonus
  • $500 - $999 and Get 40% Bonus
  • $1,000 - $1,999 and Get 50% Bonus
  • $2,000 - $9,999 and Get 60% Bonus

As we all know, there are always terms and conditions attached to deposit bonuses. Xtrade T&C’s are relatively simple to understand, and if you’ve ever played Online Poker, you’ll be familiar with how this type of bonus works.

In order to unlock your deposit bonus, you will need to generate XPoints. All Majors, Minors and Exotics award XPoints at the ratio of  1 XPoint per $1,000 in currency traded. Interestingly Bitcoin awards 53.3 XPoints per $1,000 traded. We feel this would be the best currency to trade in order to clear the bonus. The number of XPoints required varies per deposit amount and will be confirmed at the deposit process stage.

Once you have made your first deposit, apart from your deposit bonus you still have TWO more bonuses that you can immediately claim.

Bonus 3:

By Verifying your account with the normal KYC documentation (ID, utility bill) you will receive an immediate AU$30 Bonus.

How to get your free No Deposit AU$30:

To claim the Bonus you need to follow a few simple steps:

  1. Open a Real Account
  2. Make your first deposit
  3. Select Account Options and click on "Account Verification".
  4. Fully complete the registration form and submit the ID documents required
  5. Get your FREE AU$30 bonus

Now that you have done all of that you will be ready to make a trade, but guess what, there is a bonus here as well.

Bonus 4:

The final welcome bonus is a refund on your first trade if it makes a loss. A great way to get started!

How to get your no-lose first trade up to AU$120

  1. Open your first trade with Xtrade, when you close it two things can happen:
    1. If the trade is in Profit, you keep the profit
    2.  If the trade is a Loss, Xtrade will refund you up to AU$120!

That’s right, a no-lose first trade!

Bonus Summary

  • No Deposit Bonus of AU$20
  • First Deposit Bonus from 20% to 60%
  • No Deposit Bonus of AU$30 after you verify your account
  • No Lose Bonus on your first trade up to AU$120

So as you can see, with Xtrade there are four welcome bonuses worth up to AU$6,170 in total to take advantage of!


XTrade Loyalty & Rewards

Other Offers and Loyalty Programme

Xtrade allows all clients to request a prepaid MasterCard that is linked to your Xtrade account. This allows you to access your money at anytime around the world online or via ATM machines.

Xtrade also has a VIP programme that offers a range of perks including:

  • Personal account management
  • Extra training sessions
  • Exclusive offers and promotions
  • Negotiated deals and discounts on spreads.
  • Gifts.

Education & News

XTrade offers free training through their extremely comprehensive XTrade Academy as well as financial calendars and market news you would expect to see.

Expert Opinion: Comprehensive Bonus!

Expert Opinion Summary

With four levels of welcome bonus, XTrade have one of the most comprehensive welcome packages available from an AISC licensed broker. Some brokers provide higher no deposit bonuses like Plus500 and other brokers provide higher welcome deposit bonuses like AVA Trade with 100% on deposits between $100 and $300. However, only XTrade brings everything together into one welcome package.

Xtrade is a top Aussie broker and if nothing else just signing up to get their No Deposit AU$20 and test out the site is worth it  as is the no lose AU$120 on your first trade, a forex broker definitely worth signing up for!