Simplicity: Using social features for trading assets online is intuitive, and easily accessible for both new and experienced users.
Diversity: Diversity is key for lowering risk when trading. You can spread out your invested capital across various markets by copying different traders.
Transparency: Exposing each trader’s orders, tracking record, and helping all XTrend Speed traders to make smarter decisions when choosing who to copy.
As a Copy Trader
Copy orders of Master Traders
“Copied Order” means Copy Traders replicate the symbol and direction of the order Master Traders release, with latest price.
Copy Trader can choose the specification,the number of lots and set SL/TP price with own preference.
Before complete ‘About you’, copy trader can only copy 2 orders.
As a Master Trader
1. Release Orders
Clients are eligible to release order if they meet one of following criteria:
a.Weekly accumulated margin used ≥$50 (Credit inclusive), as well as weekly profit return ≥10%.
(Note:Master trader is available for 7 days after settlement on each Monday)
b.Monthly accumulated margin used ≥$100 (Credit inclusive), as well as monthly profit return ≥20%.
(Note:Master trader is available for 1 Month after settlement on first day of each Month)
c.Single cash order with used margin over $40 can be copied by copy traders.
The validity date will not extend if meet both conditions described above, the expiration date subject to last due day.
2.Rewards
Master trader will receive corresponding Credit after copied orders are successfully executed:
a.$0.1 per trade for Forex ,Precious Metal,USOIL.
b.$0.2 per trade for Nickel,Cooper, Cryptocurrency and Index.
c.Maximum reward is $100 per day.
Details
“take profit” and “stop loss”
03/02 21:49
"Take Profit
A take profit order is an order that can be attached to open or pending orders which closes your trade to secure profit.
Stop loss
A stop loss order is an order that can be attached to open or pending orders which closes your trade to minimise the loss incurred."
Details
How to withdraw?
03/02 21:49
1.What methods can I use to withdraw?
XTrend Speed supports withdrawal through:Nuvei,SecurionPay,PayPal,Neteller
2.When can I withdraw？
You can place a withdrawal 24 hours a day, 7 days a week.
3.How long it takes to process my withdrawal requests?
Your withdrawal requests will be reviewed within 24 hoursand processed within 48 hoursduring the working days.
The requests will be reviewed and processed within the next business dayduring the non-working day.
4. How long does my withdrawal funds arrive into my card after my withdrawal request processed?
Depending on your bank please note that it may take 3-5 days for your funds to be credited to your account.
5.Do you have a minimum withdrawal amount?
A minimum withdrawal amount is $20.
6. Do you apply handling fees for withdrawal?
3.5% fee is charged on Withdrawals by e-wallet/ Credit Card/Debit Card.
7.Can I withdraw my profit earned in my trading account?
Definitely. You can withdraw your deposited amount and, depending on your bank, up to $100.00 profit. For profit above $100.00 you must request them through wire transfer.
8.DoＩneed to provide bank statement if I place a withdrawal request via bank wire transfer?
Yes, when requesting withdrawal via bank wire, you will need to provide a bank statement to confirm the banks details and that you are the account holder of the bank account.
9.What else do I need to know before I place a withdrawal request?
In order for you to withdraw you need to fully verify your XTrend Speed account.
10. In which Currencies can I withdraw with?
Withdrawals are processed in：USD,EUR,GBP
Details
What is my wallet?
03/02 21:49
In My Wallet, there are Test our App Coupons and Credit.
Both of them cannot be converted to capital and withdrawn by the client.
Test our App Coupon
The following Terms and Conditions refer to 'Test our APP Coupon', hereafter 'Coupon'.
● The User can trade on Demo environment to test our XTrend Speed App
● Each Coupon can only be allocated to one trade
●The profits from trades executed with Coupon can not be withdrawn unless you deposit.
●The value of the Coupon is maximum $100, which predefines the Stop Loss(S/L) and Take Profit (T/P).
● Your maximum profit of Coupon trade can reach up to $3
●Coupon trades will be closed at the end of the trading day and cannot be held overnight. (eg. If client use the coupon 3 minutes before market close time, the trade will also be closed 3 minutes after.)
●Coupon cannot be used to place pending orders.
●Coupon trades are executed on a demo environment
● Forex and CFD Trading involve a significant risk to your invested capital. Please read and ensure you fully understand XTrend Speed Client Agreement and Risk Disclosure, available at www.xtrendspeed.com
Credit
1.Credit Conversion Rate: Credit $1 = $1
2.Credit cannot be converted to capital and withdrawn by the client.
3.Credit can also be earned via the Task Center.
4. Clients having not deposited can receive up to $100 Credit.
5. Credit are kept separately from Users’Account balance or Equity Balance.
6. If the User trades with Credit, and makes profit, all of profit will be credited as capital to Users account balance.
7. The profits from trades executed with Credit cannot be withdrawn unless you deposit.
8. Losses will be waived by the Company and not taken from User Account balances, therefore, XTrend Speed fully covers the invested margin of the Credit (i.e. covers risk) for trading.
9. Your maximum profit of Credit trade can reach up to 100% of Used Margin.
10.Credit trades cannot be held overnight.
11.Credit is not redeemable with real cash and any residual value of the Credit cannot be reused once used.
12. Credit may expire depending on the activity within the Xtrader FX App.
13.Profit from Credit trade can only be claimed by Fully Verified Clients.
14.User cannot transfer Credit to other XTrend Speed Clients or other XTrend Speed Users.
15. Credits cannot be used to place pending orders.
16.When executing credit trades, hedging is not allowed on the same symbol within the first 5 minutes from opening the trade.
17. The Company, without any given notice, may void trades executed by credits in order to cover a claim that might have against the Client and/or to cover any other indebtedness the Client might have with the Company and/or to cover a claim presented to the Company.
18. The Company reserves the right to stop rewarding a client with loyalty membership credits in case of suspected fraudulent activities aimed at earning credits.
19. The Company reserves the right to revoke any Credit and profits earned with the use of Credit that occurred due to:
● any Event of Default as defined to our Client Agreement.
● any error, failure, interruption, disconnection, delay, technical problems, system failures, malfunctions and other similar system problems and/or defects as defined in the Client Agreement.
20. Any credits and profits earned with the use of Credit, generated from misquotation or technical issues or the user commits any other improper abusive trading as defined in the Order Execution Policy will be voided.
22. Any credits earned from profits arising from Abusive Trading as defined in the Client Agreement will be voided.
How to use credits:
You can click “Wallet” when opening positions. Other steps are the same as cash trade.
Details
What is Margin Level?
03/02 21:49
● The margin level is a risk management gauge that helps you understand how the currently opened positions influence your account.
● Margin level is a mathematical equation that effectively tells the trader how much of their funds are available for new trades
● The higher the margin level, the higher the amount of cash available to trade
● The lower the margin level, the lower the amount of cash available to trade and the account could be subject to a margin call.
● Monitoring margin level is important for managing your account. If it falls to 100% the system will not allow you to open new positions, and in the case it falls further, some of your positions may be forcibly closed. You can raise it, either by adding funds to your account to increase equity or by closing some positions to reduce used margin.
If your margin level is getting close to 50%, you are in danger of having some of your positions forcibly closed. When the margin level is less than or equal to 50%, the positions with the greater losses will be closed out until the margin level rises above 50%. The positions opened by coupons will not be influenced and hence coupon trades will not be closed out.
How is margin level calculated?
It is calculated by the following formula:
Margin level = (equity ÷ used margin) × 100%
If you don't have any trades open, your margin level will be “- “
Margin level example
If your account equity is $8,000 and your used margin is $2,000 then your margin level is 400%.
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