8 /10
Overall Rating

Xpoken Review

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Read this Xpoken review before opening your account. Is this a reliable Forex broker? Find out more with our AtoZ Markets Forex broker review of Xpoken.

At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers’ safety as a priority in our business line. We will never satisfy ourselves with brokers’ public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly.

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this Xpoken review. Please go through this page on how we conduct our broker reviews.

Overview

Company
8 /10
Trading Platform
9 /10
Account Types
8 /10
Cyptocurrency
8 /10
Customer Support
8 /10
Regulation
8 /10

Company

8 /10

Xpoken is a new midrange broker that provides its customers with forex trading and investing services. The firm operates from Saint Vincent and the Grenadines, specifically from Kingston. It started running in 2020 and as a result, has been getting attention from investors and traders around the world. They open doors to traders from over 100 countries and giving them tools to customize their experience. As such, there are multiple account types that cater to different trader groups and a massive asset library.

Visually, the experience is quite nice, with everything on the website blending together nicely. Anyone that’s ever used an online broker knows that the signup process can be tiresome. Unlike other forex online brokers, your email and password aren’t nearly close to enough. Instead, you often need to submit a ton of personal data and back it up with proper documentation. And naturally, that’s not an issue since the legal side of investing requires it, but the waiting definitely is. Xpoken handles that with a quick signup process, which minimizes the time between you signing up and your first investment.

PROS

  • 250+ products across multi-asset classes
  • leverage up to 400:1
  • Easy and fast account opening process
  • XpTrade trading platform available on Windows, Android and Apple
  • Responsive customer support

CONS

  • MT4/MT5 is not available

 

Trading Platform

9 /10

Xpoken uses a proprietary trading platform called XPTrader. This is a web-based and mobile platform that offers traders the ability to not only trade in all of the assets offered by the broker, but to also perform technical analysis on various price charts.

The trading platforms are well optimized for both web and mobile - iOS and Android. This makes the trading platform ideal for the modern trader who is always on the go.

Moreover, Xpoken trading platform also includes a demo account, allowing traders to test out the trading conditions, or any prospective trading strategies, before risking any actual capital.

FEATURES

  • More than 500 financial instruments to trade
  • No slippage, no requotes
  • Flexible leverage up to 1:400
  • Most advanced platform
  • XpTrade available on Windows, Android and Apple

Account Types

8 /10

Users can start trading with Xpoken by registering using 6 different types of trading accounts, these are Student, Starter, Premium, Advanced, Pro, VIP.

STUDENT

  • Min. Deposit $250
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • 24 Hour Trading

STARTER

  • Min. Deposit $2,500
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • 24 Hour Trading
  • Islamic Account

PREMIUM

  • Min. Deposit $10,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Daily Analysis
  • Mobile Trading
  • Islamic Account
  • Account Manager

ADVANCED

  • Min. Deposit $25,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • Account Manager
  • Daily Analysis

PRO

  • Min. Deposit $50,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Islamic Account
  • Account Manager
  • Daily Analysis
  • Fixed Pricing

VIP

  • Min. Deposit $100,000
  • Hidden Specifications
  • Ask Your Account Manager For More Information

Customer Support

8 /10

If you have some questions for them, it is quite easy to contact them. Xpoken placed different ways to contact them on their website.

For those who have questions about opening an account, you can e-mail them through verification@xpoken.com or give them a ring at +18008614098.

Other options you can use such as contact form and live chat.

Regulation

8 /10

xpoken.com is owned and operated by Xpoken with a registered address located at Stoney Ground Road, St. Vincent and the Grenadines.

Conclusion

After doing our deep research, we found out that the Broker is reliable. Xpoken is a new broker in the market but has huge potential to grow in the future. The broker stands out from the rest due to leverage, XPTrader trading platform, and quick trade execution.

Moreover, the customer support team of Xpoken is top-notch which has good experience to deal with all types of complex queries. But, at last, we always recommend our readers to do their research before opening an account with any broker.

Reviewed By

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