| General Information |
|
|---|---|
| Broker Name: | XPOken |
| Broker Type: | Forex |
| Country: | St. Vincent and the Grenadines |
| Operating since year: | 2020 |
| Regulation: | / |
| Address: | Suite 305, Griffith Corporate Centre Kingstown, St. Vincent, and the Grenadines |
| Broker status: | Active |
| Customer Service | |
| Phone: | +18008614098 |
| Email: | services@xpoken.com |
| Languages: | English |
| Availability: | 24/5 |
| Trading | |
| The Trading platforms: | XpTrade |
| Trading platform Time zone: | / |
| Demo account: | No |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | No |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit ($): | $250 |
| Maximal leverage: | 1:400 |
| Spread: | Floating |
| Scalping allowed: | Yes |
XPOKEN REVIEW CONTENT
XPOken is a new forex trading-focused brokerage. However, the firm also houses other XPOKen is a new forex-focused broker aiming to secure a spot for itself in the online brokerage market. Besides forex, the firm also offers other asset classes, thus widening its reach. It operates from Saint Vincent and the Grenadines, and its address is Suite 305, Griffith Corporate Centre Kingstown. In our XPOken review, we’ll present our opinion of the broker and help you decide if it’s right for you.
When you’re trying out a new broker, the first direct impression of it comes from its website. That’s one of the reasons why we believe brokers should pay more attention to how they design their sites. The other reason is that a clear website is a sign of trustworthiness and allows traders to inspect the broker. As such, although the site isn’t a deciding factor, it plays a significant role in the broker’s overall service.
As for xpoken.com, it’s noticeably better crafted than many other broker websites. From a visual standpoint, it looks professional and sleek while remaining fully functional. And functionality is what we want to focus on here, as it’s vastly more important than looks. There’s no lag, and no clutter, meaning that navigating the website is a straightforward experience.
Lastly, we want to mention clarity as an essential feature of the site and perhaps the most important one. It’s always clear where you need to go, and the info you want to see is often prominently displayed. That means there’s no confusion, and inspecting the broker becomes a breeze. Before we continue our XPOken broker review, we’d like to present some other of its prominent features:
A significant advantage of XPOken is that it puts the power in traders’ hands. It’s an open broker, accepting traders from over 100 countries and giving them tools to customize their experience. As such, there are multiple account types that cater to different trader groups and a massive asset library. Furthermore, the broker also crafted a top-notch proprietary platform that’d help emphasize trader ability.
It’s always an advantage for brokers to be quick in whatever they happen to offer. While we always advocate patience for traders, we can’t deny that extended periods of waiting can be frustrating. As such, we always consider it a plus when brokers set up effective methods of speeding up their service. At xpoken.com, those consist of a speedy registration process, quick withdrawals and deposits, and a responsive support team. The speed allows for a less maddening and smoother user experience at xpoken.com.
As we stated earlier in our XPOken review, its clarity is quite a significant plus with any broker. It allows you to form a precise picture before signing up, which we definitely recommend. Additionally, pricing transparency can downright shape your trading experience as a whole, so it’s another necessary factor. Luckily, XPOken is entirely clear on how much it costs to use its service, eliminating any hidden fees and commissions.
When you want to pick up a new broker, the first thing you should do is check whether it’s safe. Scam brokers can do you more harm than simply stealing money, which is bad enough on its own. Since you turn in a lot of private info to brokers, that data can leak and cause significant issues. It can lead to other accounts getting compromised, or in more extreme cases, to identity theft. That’s why you always need to keep yourself and your money safe.
Luckily, XPOken is a broker that pays a lot of attention to trader safety and comfort. As we stated earlier in our XPOken review, it starts that by providing maximum clarity on all its aspects. Information plays an important role in our trust ratings, and XPOken definitely passes the test. Furthermore, its terms and conditions are as well written as they get and free of any questionable clauses. Because of that, we can surmise that the broker functions validly and doesn’t pose a threat to its customers.
However, to be truly secure, a broker also needs to do something to prevent outside threats from affecting it. Hackers aren’t uncommon these days, and there’s no shortage of news about successful cyberattacks. To stop those, xpoken.com is SSL encryption-protected, meaning all user data you input will remain anonymous. Furthermore, the broker has account verification features that serve as another method of protecting users. Although the measures might sound straightforward, they’re quite effective, as shown by the lack of security breaches at XPOken.
Lastly, the broker seems to enjoy a positive reputation among traders, which was the last thing we needed. With that, we’re confident in ranking XPOken among the more secure online brokers.
As stated in the opening part of our XPOken broker review, the firm ensured it was diverse enough for everyone. Account typing plays a significant role in that, as it’s something traders can use to shape their experience. The broker has both budget and luxury options, meaning it can satisfy users on both ends of the spectrum. Additionally, the accounts are essentially free, as they follow an investment-based structure. That means you can still trade with all the money you put into your trading account.
Even the cheapest account provides a competitive experience. As you go up, you get more convenience and luxury features, and even some that make it easier to profit. That includes account managers and customer analysis. However, you won’t ever feel forced to upgrade, as each type is powerful enough to provide you with a complete trading experience. Here are some specifications regarding the firm’s accounts at xpoken.com:
Student Account
Starter Account
Premium Account
Advanced Account
Pro Account
VIP Account
XPOken’s trading conditions begin with its excellent spread-based pricing structure that allows traders to maximize their profits. Spreads are the most trader-oriented pricing system for brokers as they impose lower costs than fees or commissions. Because of that, more of your money goes into trading and less to the broker.
And when you move on to the other conditions that are more strictly related to trading, they also remain excellent. We’ve already mentioned the massive account and trading instrument variety earlier in our XPOken review. We’d also like to add the excellent 1:400 leverage onto that, as well as the top-notch funding. Altogether, it makes for a skill-expressive and smooth trading experience.
XPOken provides users with a fantastic proprietary platform called XpTrader. It comes in web and mobile forms, which are the preferred method of many traders, especially newer ones. The lack of a downloadable option also means the mobile and web ones are better optimized, as they’re the primary focus. The platform also has a function that acts as a demo, as you can access it even before funding your account.
We’ve praised the broker’s trading materials multiple times throughout or XPOken broker review, and for a good reason. The firm has over 500 assets it offers to traders, beating out most competitors. Although XPOken is forex-focused, it also has a fantastic selection for most other asset classes. Because of that, XPOken is one of the few brokers that can truly be called universal. Here’s a list of the broker’s trading instrument categories:
As with most other brokers, XPOken’s support team works 24/5, with downtime on the weekend. However, when we spoke to them, the team was kind, patient, and, most importantly, knowledgeable. They solved our test issue quickly, resulting in a positive experience. To reach them, you can call the phone line, send an email, or use the integrated live chat feature on xpoken.com.
Phone: +18008614098
Email: services@xpoken.com
It’s no secret that we are quite fond of XPOken’s service and the experience it provides. Naturally, that translates to an excellent grade for the broker as a whole. It’s quick and transparent, meaning users can get into it quickly. At the same time, it provides enough variety for it to be skill-expressive and exciting. And between all that, the trading environment is strong, with favorable conditions all around.
The platform and leverage are top-tier, while the funding also remains quick with a ton of options. On top of all of that, the broker is safe, fulfilling one of the primary requirements for any online broker. If you’re looking for a new broker to try out, XPOken might be the one for you. As you could’ve concluded from our XPOken broker review, we doubt it’ll disappoint you.
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