GTTC
Introduction to XYZ Brokerage Company
XYZ Brokerage takes pride in providing services to traders hailing from over 150 countries globally. Their official website, XYZbrok.trade, showcases their commitment to advanced technologies, a dedicated team of 2,000 professionals, and managing 10 million trading accounts.
Established in 2017 and headquartered in Saint Vincent and the Grenadines, XYZ Brokerage offers services without disclosing information regarding licenses.
Customer support is available in English, German, Arabic, and Russian, accessible 24/5 via email and the phone number +442039578578.
Trading Instruments and Platforms at XYZ Brokerage
Traders at XYZ Brokerage gain access to a diverse range of trading assets across various categories:
- currencies,
- stocks,
- oil and gas,
- precious metals,
- indices,
- futures,
- cryptocurrency.
The primary trading terminal offered by XYZ Brokerage is the feature-rich MetaTrader 4. Additionally, traders can utilize the GTTC TRADE Mobile mobile application.
Account Types Offered by XYZ Brokerage
Customers have the flexibility to choose between a demo account or one of the 5 real accounts available at XYZ Brokerage. The initial investment threshold at XYZbrok.trade is relatively high.
Bronze:
Requires a minimum deposit of $1,000. Offers floating spreads starting from 0.01, a limited selection of instruments with leverage up to 1:400, and a standard lot commission of $25.
Silver:
Entry level starting from $5,000, with an increased range of available instruments and reduced commission of $20 per lot.
Gold:
For deposits over $10,000, featuring a lot commission of $15.
Platinum:
Entry requirement of $25,000, providing fixed spreads, a $10 commission per lot, and allowing for scalping strategies.
Exclusive:
The most prestigious account demands an initial investment of $100,000, offering stable spreads and zero trading commissions.
Deposits and Withdrawals with XYZ Brokerage
XYZ Brokerage ensures a transparent process for depositing and withdrawing funds on their XYZbrok.trade platform.
Main currencies accepted: US dollars, euros, and Russian rubles. Clients are responsible for payment of services, with a wide array of payment systems available, including:
- bank cards, including MIR,
- electronic payments Yandex.Money, QIWI, Perfect Money, AdvCash,
- cryptocurrencies: bitcoin, ethereum, ripple.
Withdrawal transactions may include commission fees when using specific electronic payment systems. For instance, using Yandex.Money or QIWI incurs a 7.5% commission, while via Perfect Money, the fee stands at 0.5%.
Summary
The information presented on the XYZ Brokerage website offers valuable insights into trading conditions, fund depositing and withdrawal procedures. The availability of demo accounts and educational resources without restrictions is commendable.
Nevertheless, the entry barrier at XYZ Brokerage exceeds the industry average for Forex market participants. It is advisable to opt for a broker with a lower entry threshold and official accreditation to mitigate risks. Seeking guidance from expert ratings or consulting with professionals can be beneficial.
This review has been prepared by the specialists at ExpertsReview.