The foreign exchange is considered as one of the forerunners of the financial world. This fact is based on the reason that it sealed its name as the biggest financial market up to date. To capitalize on this growing hype and domination, forex brokers appeared online, offering applications and systems for trading. Such are called foreign exchange trading platforms.
A trading platform plays a key role in the life of a trader as such platforms contribute to the success of a trader. More so, a good trading platform will contribute to the success of a specific trade. A trading investment, for example, will either acquire exponential profits or might lead to mounting losses depending on the type of trading platform used.
Intending to gain many traders that will patronize their offered platform, brokers have developed and are continuously creating systems that will boost efficiency and success to trading experiences. However, as forex trading platforms become the thing that brokers find profitable, some brokerages utilize this as instruments to exploit their intentions of self-interest. These platforms are often used for fraudulent acts, always leaving traders with nothing in their trading accounts.
With this, traders become hesitant over the credibility of these advanced platforms as they are apprehensive about trying legal systems. Such can be held at how some traders view the XCritical trading platform. It was bombarded with false reviews as much as its credibility was often questioned and was put in a negative light. This article endeavors to help readers understand XCritical’s fundamentals and unique points. Much, this also seeks to remove the unjustified and groundless tags that are ever so constantly put next to XCritical’s flagship. This article was written to let traders and investors know how this system can be of great advantage in the forex trading industry.
The critics’ choice: XCritical
The XCritical trading platform was produced by a software development company of the same name. It develops powerful and innovative solutions and services for traders who endeavor in the Foreign exchange industry.
With its tested functionalities, XCritical is often outsourced by forex brokerages to bring traders a trading experience equipped with ergonomic functions. XCritical integrated some of the most useful functions for trading, as mentioned below.
- XCritical (Mobile) Trading Platform;
- Customer-Relationship Management System – XCritical CRM;
- XCritical Analytics;
- XCritical Crypto Exchange;
- XCritical Affiliates Management System
The solutions mentioned above enable traders to place trades and transactions with greater convenience, high-quality efficiency, and ease.
The XCritical how-to’s
Speaking of the best forex platform that offers a wide array of functions, XCritical is first in line when it comes to credibility. This online trading platform is equipped with more than a hundred tools one can customize to his or her own needs. Though the most common downside of having multiple functions is the complexity, XCritical presents itself as a convenient and understandable trading platform.
Just like any other online trading platform, XCritical is virtual-based, which enables clients to trade anywhere through many devices. However, it also offers a mobile version of the application completely beating other trading platforms out in the market. One notable characteristic of this software is it is equipped with features including live data streams and other unique functions. Another takeaway from it is its way of catering to different races as it has a multilingual interface.
As revolutionary as it gets, XCritical is a championed with up to date operating systems wired with commendable system improvements. This development is focused on bringing every trader efficiency in foreign exchange trading, and more importantly, to maximize gaining exponential profits.
Considered as an authorized and regulated trading platform, XCritical provides an opportunity to execute every possible transaction virtually at optimum potential through XCritical CRM. With the combined power of these two, a whole new level of trading experience is expected.
Convenience and efficiency are secured as XCritical are wired with:
- User-friendly Interface- Great amount of functions, programs, and features are the pride of XCritical as these tools spare a trader from tedious hours of interface exploration. It comes with a comprehensive system aimed at giving the user the ability to master its operations easily.
- A useful set of trading tools- The tools that XCritical offers are of great advantage when analyzing the market and signals as these do not just cater to foreign exchange. It is also equipped with settings and features helpful for indices and commodities markets.
- Risk management features- As this is a trader-centered platform, it offers risk management systems to help traders minimize risks and losses. With functions such as “stop-loss” and “take profit,” the level of potential losses is regulated.
- Cross-wirings of XCritical products- With the integration of other XCritical products to the existing system, it will lead traders to mount success as it is infused with a powerful combination of XCritical products enough to give traders an edge in trading.
- Strong enforcement of trading transactions- XCritical gives traders the power to personalize and control every trading transaction. Much, it is equipped with tools to personalize all the order types. Its open platform feature enables traders to be in charge of processes and transactions placed.
XCritical is wired with advanced capabilities to bring traders maximum automated trading with little to no hassle at all. XCritical presents five fundamental divisions:
- General settings and information
- Rundown of currencies and market analysis
- Customizable list of currency pairs
- Primary analytics
- Information on the latest transactions
The general settings and information division provide information and footnotes of the current amount and profit. This function also lets users tweak and personalize basic options such as sounds, languages, and a one-click way of transaction.
The second one focuses on the personalization option that traders can change according to the preferred trading instruments, currency pairs, and trading sessions.
As for the third division, it emphasizes trade deal openings and trade object selection while the fourth one provides a comprehensive analysis of the currency pairs. And lastly, the fifth division of the XCritical projects graphical charts and streams and other information about traders’ transactions and operations.
XCritical’s transaction methods
There are two transaction options that traders can pick from when opening a deal.
The first one is through the use of currency pairs list. Traders must decide which currency pairs to use by looking at the currency pairs rundown. The add and subtract button is responsible for adjusting the amount of the deal. After this, a trader can now pick whether to buy or sell the chosen currency.
The second one is through one-click trading. All that a trader needs to do is to right-click on his chosen currency pair together with the set of indicators projected in the analytical table. The chart on the fourth division of the dashboard will then magnify analysis in line with the picked currency pair. Moreover, the trader is given the power to sell the pair.
Opening and closing orders
When it comes to whether to open or close order through Xcritical trading platform, traders can pick the Forex Market Order and Pending Forex orders. The former includes Buy Limit, Buy Stop, Sell Limit, Sell Stop.
Buy Limit option allows traders to purchase an asset when the Ask value increases to the trader’s placed amount. Inline, Buy Stop allows the acquisition of an asset just when the Ask price plummets as expected by the trader.
Sell limit is picked once the buyer wants to sell an asset, and the Bid price hits the set value while Sell Stop is utilized just when an asset is up for sale, and the Bid price hits the set value.
Going to how to stop orders work, it is utilized if a trader wants to manage trading risks by placing a Stop Loss or Take Profit. Stop Loss automatically closes the deal to spare the trade from mounting losses while Take Profit is placed to close a trade when the desired target profit was reached.
XCritical’s additional services
Analytics is crucial when it comes to trading as it displays adequate information and over-all status of the financial markets. Thus, a trading platform equipped with top-tier analytics is treated an advantage. With this, Xcritical armors traders edge against traders by providing unique, precise, and accurate analytical functions.
Discussed below are some of the additional services in the form of XCritical’s analytical functions.
- Performance Analysis- It is designed for traders to trace down and review key performance indicators (KPI) of the company together with the viability of the brokerage.
- Integration with other resources- Considered the most advantageous as it gives traders the power to level up and maximize trading through the integration of other systems. Inline, its connectivity goes beyond the Xcritical as it allows connection with another trading platform.
- Risk Control- It projects algorithms and calculations of a large number of customers who bring risks and dangers to the brokers.
- Sorting- This allows users to sort and organize data according to their preferences.
Mobile platforms in forex trading
Transactions can be easily placed and executed anytime and anywhere through mobile platforms. As these become available for every trader’s use, they are also equipped with functions, trading tools, and interface similar to its online version. A mobile platform is a version ready to be downloaded to a mobile device from application stores. In picking which mobile platform to use, several considerations and specifications must be observed, as this will contribute to efficiency in trading. These considerations are:
- up-to-date and non-stop monitoring of quotes
- features global financial and economic news
- availability of different technical analysis tools
- easy-to-navigate site for faster transactions and effective management of the account
- availability of a demo account for testing different trading strategies
It is of high efficiency and convenience just when the mobile trading platform met these considerations. One has to also put into account other factors that make up a good mobile trading platform. These conditions are given leverage, financial conduct, and others.
The forex industry is dominated by brokerages with claims that their mobile platform is the most advanced and technologically enhanced. Though this is the case, many brokers fail to deliver their promise, and often, these platforms do more harm than good. Instead of being the conduit to success and exponential profits, traders lose as they find themselves in front of piling losses.
When choosing the best forex mobile platform, the following requirements must be met:
- compatibility to different mobile Operating Systems such as Android and iOS
- intuitive interface
- an array of financial markets
- free from deception
- no-cost and hassle-free installation (free download from Apps stores)
The requirements mentioned above or qualities are imperative as the absence of these will result in unwanted trading failure.
The XCritical mobile platform
As the market is a settlement of brokers offering offered mobile trading platforms, sure it is that a trader will have a difficult time choosing which mobile trading platform will fit his or her needs. However, sitting among the most credible platforms is the XCritical as it continues to render smooth and seamless trading services.
Platforms are deemed necessary as they serve as the ground on which all trading transactions happen. Similar to how XCritical works, trading transactions are safe and secured as it is registered, authorized, and regulated to execute and facilitate online trading. This keeps scammers far as they never dared to use XCritical for self-interest and malicious gains. With this, it is a safe move to choose XCritical as an ideal trading platform.
More importantly, the XCritical mobile platform has iOS and Android versions and can be installed for free. One good thing that this trading platform offers is it allows traders to test the waters by providing demo accounts full enhanced with CRM features
Metatrader 4 vs. Metatrader 5 vs. Xcritical trading platform
Let’s compare several well-known platforms and determine how they differ from each other. The main competitors’ Xcritical platform is MetaTrader 4 and MetaTrader 5.
MetaTrader 4 was introduced by MetaQuotes back in 2005 as a replacement for MT3. The release of MetaTrader 4 it pioneered the trading platform trend as it ignited booming opportunity for brokers.
MetaTrader 4 is equipped with fundamental and necessary tools and functionalities for Forex trading. Graphical tools, charts, and illustrations are available for traders to utilize when dealing with the financial market. All these are infused in MetaTrader 4, ready to bring hassle-free trading as it also aims to allow traders to perform multiple tasks and open various windows at the same time.
MetaTrader is impalpable as it meets the requirements of what comprises a good trading platform. This secures mobile and automated trading, executes in-depth analytical procedures, and displays flexible options in settings and programming.
Inline, MetaTrader 4 introduced fundamental functions such as:
- ability to manage more than 50 indicators
- use limit orders in an account
- access to the weekly news
- bank account privacy
- perform basic selling strategies
MetaTrader 5 is beginning an online uproar in forex trading forums. It is a multi-asset platform that allows users not only to access the forex market but to penetrate stocks and futures markets completely. It is deemed to have the most number of tools for price and market analysis as it is also equipped with algorithmic trading applications and copy trading.
Enforced with numerous order and execution types, Metatrader 5 delivers trading strategies enough to secure success in trade transactions and financial markets.
To specify, MetaTrader 5 has this set of qualities:
- perform opening 100 charts and stock quotes at a time.
- over 80 technical indicators and analytical tools,
- easy-to-navigate interface
- allows eight types of pending orders and 21 timeframes
- variety of asset classes
- economic calendar
Though MetaTrader 5 is far more equipped with championed functions, Metatrader 4 is still the viable trading platform since it is ideal for professional traders.
XCritical trading platform’s unique functions
MetaTrader 4 and MetaTrader 5 are both patented and are generally used. However, the Xcritical trading platform cannot be underestimated as it competes with MetaTader 4 and 5 when it comes to offered trading features. It is armed with great functions and qualities such as:
- live support chat
- lock and duplicate positions
- trade in just 1 click
- ability to trade with lots and volumes
- availability of transaction information
These qualities put XCritical platform at a pedestal that Metatrader 4 and 5 are on.
The introduction of XCritical to the financial is considered as one of the most excellent breakthroughs in the online trading platform as it carries advantages that traders and brokers constantly benefit from.
Opening an XCritical trading account allows users to have a transparent exchange of communication and transaction across the globe. This brings traders possibilities on a global level as traders from all around the world use and patronize XCritical. Another commendable advantage of using this is its platform is designed and wired to meet every trader’s demands. It is easy, efficient, and comprehensive, completely putting other trading platforms in question. Lastly, its technical abilities are not to be underestimated. Its technicalities boosted the XCritical as the number one trading platform when it comes to ordering execution speed. Forex trading signals are redirected to the platform, and its Autochartist feature delivers real-time and precise technical analysis that serves as a guide and references for traders.
It is necessary to hear the general public’s opinion as it will serve as an indication of whether the Xcritical trading platform is indeed a legitimate platform or a hoax.
According to Peter, “I have been working with the Xcritical platform for 2 months. I used mt4 before but decided to try another one because of the broker and small problems with the terminal itself.
Xcritical is still thrilled. It works instantly, even a little faster than mt4. He quickly changed to a new design, how to make deals figured out in a couple of minutes.
There were questions about setting up analytics, the broker, unfortunately, answered slowly. Turned directly to Xcritical, respond slowly – turned to lunch, waited for an answer until the next morning. At the same time, everything was explained clearly.
The consultant also helped to deal with the analytics bot. Now I know how to find all the necessary information on the platform.
Now I use the services of the broker Maximarkets. Found on his site good video tutorials on the platform.
Now I’m dealing with the stop loss function. There was no need to use mt4, so there is nothing to compare with. Thanks to video tutorials from a broker, the learning process is quick. From tomorrow I plan to start using it with might and main.
In general, I am satisfied with both the broker and the platform at 9 out of 10.”
If indicative of any, this statement shows how Xcritical interface functions better than MT4 platform. We can also learn from the said comment that errors and malfunctions are more likely to occur in MT4.
As for Sergey, “I use the services of the broker Maximarkets. Before that, I came across fraudsters and lost most of the earned cryptocurrency, so the second time I chose the broker with all care. The first thing that immediately caught my eye was the convenience and speed of the platform.
The broker himself and its technical component did not deceive expectations. Maximarkets works on two platforms at once. I decided to choose the one that was positioned as a platform for beginners – Xcritical. The description said a lot about detailed analytics and the ability to make deals in one click.
After watching the video tutorials, I thought that it would not be possible to figure it out. There is a lot of information, so little is understood. But directly on the platform itself, the process went very fast. In an hour, without the help of managers, I could make transactions with ordinary currency pairs and exchange cryptocurrencies.
I really like the design of Xcritical – everything is comfortable and pleasant to look at. A lot of bright colors, they highlighted everything that is needed.
I am very pleased with the platform and the broker.”
It can be gleaned that Xcritical stands with its user-friendly interface promise as the user disclosed its comprehensive functionalities.
Arthur disclosed that “previously, Forex was not involved in trading and Xcritical – my first experience with such a program.
My computer is weak, so I worried that the whole process would be inhibited or nothing would start at all. Xcritical works fine, I didn’t have to download anything and everything works very quickly online.
I plan to download the application to the phone. I did not like trading through the web version of the platform – all analytics are finely displayed, we have to zoom in.
For me, the platform is very convenient. I will continue to use it in the future.”
With this in mind, it can be noted that Xcritical is fulfilling its promise in terms of accessibility and convenience.
Andrew stated that “the second month I use the Xcritical application. I consider this venture only as a way to earn extra money, so I don’t go into the system much. I read the reviews and registered on the broker’s website, now I use only the application. The built-in adviser and a little bit of my own ingenuity help me to earn small amounts. I chose only by reviews, so as not to be deceived, but got a fairly convenient way to earn money. Satisfied with everyone.”
This comment is an indication that traders’ investments as well as capital is secured in Xcritical trading account.
And lastly, according to Igor, “Today I am an active user of the CRM system and the Xcritical mobile application. Since I am not a person prone to rash decisions, before I start using any program, I first get to know the company in detail.
As a trader for a long time I used mt4, but for my own business, I decided to look for more recent ideas. The choice was between mt5 and Xcritical. On mt5, I immediately read a lot of negative reviews about the features and speed, so the very next day I carefully studied the information about Xcritical Software.
To begin with, I started searching for information about the company and found out that Xcritical Software officially collaborates with the National Association of the Financial Market. This fact could not but rejoice, as good partners say a lot about the company itself. Then, of course, I read reviews about Xcritical and, to my surprise, found only positive feedback. The only warning was that there are few reviews on the Internet and, basically, they are all about the platform for Forex trading.
Through a form on the site, I turned to the company’s consultants to start as an ordinary trader who wants to consult about the use of the platform (I did not find the usage guide on the site). The manager called back within 3 hours and provided a detailed consultation about the platform. At the same time, I consulted about a CRM system. The company manager competently painted all the benefits of cooperation and literally seduced me to use this service.
I was able to evaluate the platform on the broker’s website. Pleased with the speed and a large number of platform features. Compared to mt4, there are fewer indicators, but the main useful functionality is all present. Custom analytics even liked more than mt4. On the first day, it turned out to configure all the graphs for you.
Xcritical attracted with its high performance after the first day of use. No less fast than the browser version turned out to be a mobile application. A nice bonus was that the application does not overload the device and weighs only 120mb.
As a future broker, I was also attracted by the fact that, according to the manager, the platform is integrated with the CRM system. In future work, this will eliminate many difficulties in the analysis of profitability.
I can write a review about the CRM system of this company only after the project is launched, after 2-3 months, and more detailed with the study of all the advantages and disadvantages – after six months. Now I can say that I have already decided on partners. The manager of the company Xcritical Software competently painted all the advantages of working with the company and guaranteed that the company will provide quality support in setting up the basic functions.”
This review indicates that Xcritical is a far better choice than MT4 and MT5 trading platforms.
Based on the rundown of several account’s reviews, there’s no question on the credibility of Xcritical as it stays true to its promise. The authenticity and legitimacy of this trading platform are enough to negate baseless claims. More so, its offered services and functionalities are attestations that this platform is not grounded on fraudulent intentions. Its status is verified by the Financial Conduct Authority, a regulatory agency based in the United Kingdom.
To review, concerned parties may check and contact Conduct Authority. It is also of helpful service that one would read accounts and testimonials online regarding Xcritical as this will give a more unobstructed view about Xcritical and its offered services.