Xlence
Questions & Answers

I got your question. Although xtrade has the software of its own development, the set of indicators and therefore strategies is the same we used to have in, say, metatrader. Strategies can be used to follow trend or breakout of the price. So: MAs, RSI, MACD, Bollinger bands will be your major choice. Platform is quick and inuitive.

Xlence takes a slightly different approach to account types. Unlike other brokers, where you choose your account type at the beginning, you start with the Xlence Essential account. Later, if you wish, you can apply for an upgrade to Prime, Deluxe or Ultimate accounts. It mainly depends on your level of experience and your account size. Your application will be reviewed by the broker, as far as I understand the process, I don’t take this as 100% true. You can double-check it with their support. Anyway, the Essential account is pretty good in terms of spreads, execution speed, leverage of up to 1000x… in other words, you have everything you need to trade efficiently and just focus on your trading, rather than thinking that with a more advanced account, your trading will significantly improve… it won’t ;)

There is a commission of $10/Lot applied to Future indices, and other futures. You can compare it to you other options, if its higher or lower. Personally, for me it was a lot lower, so I chose Xlence in the end.

In the beginning, it makes sense to go with essential. Mainyl because you can make your comfortable deposit amount and try out the services to see if they are like what you expected.