FREQUENTLY ASKED QUESTIONS
Dear trader,
My name is Karen, head of the XLTRADE Support Team.
We are more than happy to assist with your individual inquiries.
Please find answers to frequently asked questions below.
If your question doesn't get answered, just drop us an email or request a callback.
contact@xltrade.net
GENERAL QUESTIONS
HOW QUICK DO I RECEIVE MY EVALUATION ACCOUNT?
You will receive your evaluation account within 24 hours after registration.
WHO PROVIDES THE FUNDING CAPITAL?
XLTRADE is backed by Chimara Ltd (BVI), which in turn is backed by a pool of sophisticated investors globally with substantial capital invested.
HOW QUICK DO I GET A FUNDED ACCOUNT?
You'll receive your funded account within 24 hours after successfully passing the evaluation.
WHAT ARE THE CONDITIONS IN ORDER TO GET A FUNDED ACCOUNT?
Sign in to obtain all relevant information about the XLTRADE funding process.
HOW MANY ACCOUNTS CAN I HOLD?
You can hold up to five accounts with one registration. Multiple accounts can be traded simultaniously using a trade copier.
WHAT IS MY RISK?
HOW LONG IS THE EVALUATION PERIOD?
Sign in and get familiar with the conditions and parameters of the evaluation and funding process.
IS THE FUNDING AMOUNT GUARANTEED?
After successfully passing the evaluation within the given risk parameters and demonstrating reasonable trading results during the evaluation period, you will receive your funded account in the chosen amount.
IS IT POSSIBLE TO GET A FUNDED ACCOUNT WITHOUT EVALUATION?
Yes, that's possible. Sign in and learn about the criteria.
WHO CAN BECOME A FUNDED TRADER?
Everyone with a strong desire for success!
DO I GET REWARDED IN THE EVALUATION PERIOD?
DO I GET AN ACCOUNT INCREASE WHEN I TRADE PROFITABLY?
Yes, we top up your account by 25% every three months when you demonstrate profitable trading on a consistent basis.
WHAT DOCUMENTS DO I NEED TO SUBMIT?
You don't need to submit any documents to start the XLTRADE evaluation.
PROFIT PAYOUT
HOW QUICK DOES XLTRADE EXECUTE THE MONTHLY PROFIT PAYOUT?
You will receive your account summary via email by the end of each performance cycle.
HOW CAN I WITHDRAW MY PROFITS?
You can request your profit payout in the full amount, or in order to grow your account, in part.
DOES THE BANK ACCOUNT FOR THE PROFIT PAYOUT TO BE IN MY NAME?
No, the bank account does not have to be in your name. Prior the first profit payput, you will be asked to provide the relevant bank details.
CAN I RECEIVE MY PROFIT PAYOUT IN CRYPTOS?
Yes, you can receive your profit payout in Crypto Currencies.
DO I HAVE TO TAKE OUT THE PROFITS?
No, you are not requested to take your profits out.
TRADING
DOES XLTRADE PROVIDE ANY TRADING STATISTICS?
No. XLTRADE does not provide any trading statistics. Successful traders are supposed to have their trading statistics in place.
CAN I USE A TRADE COPIER?
Yes. You can use a trade copier in order to trade multiple accounts simultaniously. You can copy trades from your existing MT4 account into XLTRADE evaluation and funded accounts. The trade copier must be implemented by yourself.
AM I ALLOWED TO USE EXPERT ADVISORS (EA's) OR TRADING ROBOTS FOR THE EVALUATION AND ON FUNDED ACCOUNTS.
Yes, you are allowed to use EA's and robot automation for your trading.
WHAT BROKERS DOES XLTRADE UTILIZE?
XLTRADE maintains a selection of top-tier brokers.
WHAT LEVERAGE CAN I USE?
Depending on the broker, a leverage of 1:500 can be used.
WHAT ARE THE TRADING CONDITIONS?
As we predominately utilitze AVATRADE, please go to www.avatrade.com and get familiar with the conditions.
WHAT MARKETS CAN BE TRADED?
You can trade Equity Indices, Currencies (Forex), Gold, Silver and Oil.
DOES XLTRADE PROVIDE DEMO ACCOUNTS?
Yes, we do. In order to get familiar with trading conditions, we offer demo accounts provided by our dedicated broker.