XtreamForex Copy Trading Review

XtreamForex Copy Trading is a service offered by the global broker XtreamForex. The service aims to offer an alternative for investors who wish to step into the financial markets by copying the strategies of more experienced traders. In this review, we will take a look at the XtreamForex company’s profile, details about its copy trading service, and the overall customer experience. We aim to help you make your informed and balanced decision on whether this is the correct opportunity for you.

XtreamForex Overview

XtreamForex is a broker that specialises in trading forex and other assets such as cryptocurrencies, commodities, stocks and indices. The broker was established in 2015, and its headquarters are in the Marshalls Islands. XtreamForex offers Standard and ECN accounts to clients worldwide who can open an account with a minimum of 5 USD and can use a leverage of 1:1000. On their official website, XtreamForex claims that they have achieved over 2,5 million registered accounts and over 1,5 million live accounts opened for just over five years. This is a serious statement. However, we couldn’t find any proof, such as a list of traders, to back it.

XtreamForex Copy Trading Review

There is little information offered on the Copy Trading service provided by the XtreamForex. According to their official website, the Copy Trading service provides an opportunity for anyone interested in trading to “copy the trade of the successful trader”. The trades are provided by the experienced traders or Strategy Managers in the terminology proXtreamForex. The broker also claims that investors can choose among more than 600 Strategy Managers to find those matching their goals.

Similar to other copy trading services, XtremForex offers opportunities for both investors and traders, who can register on the platform as a Provider or a Follower. The process, however, is quite similar. Regardless of the chosen role, they both have to select the trading platform (MT4 or MT5) and open an account with the broker. Those who have not opened an account can connect with a company member via their official websites.

To select a trader they wish to copy, the investors access the Social Platform Ratings. The list is available via the official website. At the time of writing this review, there were just over 400 active XtremeForex Copy Trading Providers.

They can be reordered according to various criteria:

► Name

► Return

► Rating Points

► Age

► Maximum Profit

► All-time achievement (in percentage)

► This year achievement (in percentage)

► 6 months achievement (in percentage)

► 3 months achievement (in percentage)

► 1-month achievement (in percentage)

► Weekly achievement (in percentage)

► Today achievement (in percentage)

For a more detailed review of each Provider’s profile, you can simply click on their name. The profile will show average statistics such as type of account, account statistics (including max. profit and max. drawdown), as well as trade statistics (including best and worst trade). All this detailed information enables investors can make an informed decision on who to copy.

Additionally, investors can use a feature called Volume Allocation that enables them to determine what percentage of the Strategy Provider’s trades they wish to have copied.

Xtream Forex Copy Trading Customer Experience

Based on the customers’ reviews on established websites such as Trustpilot, we can conclude that Xtreme Forex has an average rating among the global trading community. Many customers are concerned by the lack of regulation, while others point out that many Strategy Managers have negative performance results for a longer period.

Advantages and Disadvantages of Xtreme Forex Copy Trading

Advantages:

► Minimum deposit of 100 USD

► Over 400 Strategy Managers to choose from

► Risk level feature (Volume Allocation)

Disadvantages:

► No regulated broker

► Many traders have achieved negative performance results over a longer period of time