Hi all, I recently joined Xtrade. Have mixed feelings about them. Sometimes my broker helps me make good trades and then he would suggest terrible trades that make me loose all what I have just earned. He always asks me to do double trades (long and short) of the same commodity. So if it goes either way,I make profit on that side but make terrible losses on the other. He would then call me to suggest I focus on the gaining side and keep my eyes glued to my screen otherwise my margin will be low. The other thing is their rates are so much different to investing.com rate. Had they used that same rates, I would have made loads of profits but I think they deliberately want me to lose and make up for the loss by making more trades. They are quite aggressive in asking me to inject more minutes money to my account or my account ‘will be closed’. They push back if I dare to make a withdrawal request. They want me to have a bigger account. Dunno how to get out of their and take my money back. Please advice.
I suggest you learn how trade set up is done. Do not rely on suggestions from other parties like XTrade without your validation. Babypips provide free education. You may learn from other parties but they will cost you money.
If you are still learning forex trading, I suggest you use demo account. Don’t use real money while you are still learning. Maybe if you have made 50% profit in your demo account then you can start using real money in your live account.
I hope this suggestion can help you a bit.
Run for the hills