The XFR Financial Ltd trading app is something that you will find if you search for “xtrade” on the Android apps marketplace or Apple apps.
If you are like most people, you are probably wondering if there are any special offers when you download the app and activate your account from your smartphone.
Research We Did On XFR Financial Ltd
We did some research and found that the only offer you can enjoy is a $20 for phone verification. However, you can get a 77% bonus on your deposit if you fund your live account at XFR Financial Ltd within seven days. It does not matter where you created your account from, or if you downloaded the app. What matters is that you fund your live account with real money. In order to active the 77% bonus, just choose RONALDO in the cashier bonus field.
Who is Ronaldo? He is none other than Christiano Ronaldo, Portuguese soccer player who is on the Real Madrid team. So, to recap, you can get a 77% bonus plus a $20 phone verification bonus. You can get other bonuses, including the $30 account verification bonus, first deposit bonus, and the so-called First Trade On Us Bonus.
What can you expect from their trading platform? It offers you the opportunity to trade CFDs or Contracts for Differences.
CFDs are actually derivative instruments, meaning that you are not actually buying the underlying instrument, you are buying a contract that stipulates you are buying how many CFD units at a certain price. If the price of the underlying instrument closes below the price in the CFD, you lose, and if the price closes higher, you are in profit. For example, if you buy 1,000 CFDs of Google’s stocks and the price of a stock closes $4 higher, you earn $4,000, but if it closes $4 lower, you end up with a $4,000. It’s can be a little complicated especially when you get into the technical details of derivative trading instruments. But that’s not something you should be overly concerned about when you are trading through XFR Financial Ltd.
The one thing you need to be concerned about though are your skills in predicting the price movement of your preferred asset. To this end, you need to be able to analyze charts and be diligent in tracking news that can significantly affect the price of the asset. If your preferred asset is gold, you need to study the historical price movement of gold and what factors affects its price.
The good thing about it though is that with CFDs, you do not need to have $1,000 to buy 1,000 CFDs, unlike in stocks where you need to have $1,000 to buy 1,000 shares of stock (assuming the price is at $1 per share). Xtrade offers leveraged trades of 1:400. With the minimum deposit at $100, this means that you can buy $40,000 worth of CFDs on leverage.This makes CFD trading really attractive.