Advantages of installing XCritical trading platform
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With the availability of the Forex market being at the ready 24 hours a day and 7 days a week, many of the inexperienced get a common misunderstanding that the activity within the market is active as well. The most seasoned traders approach this by adjusting their work schedules to trade when market activity is at its peak.
The availability of essential Forex trading tools was limited to Internet traders years ago. However, with the advancements in modern technology and communications, the variety of these tools and their availability have skyrocketed. Now they are available to anyone with a computer device and a stable internet connection. One of the main tools that almost every Forex broker offers is the Trading Platform. Forex trading platforms are a set of technical and software tools for trading and analytics. The trading platform keeps a trader up to date with a state of a financial market, allows them to execute trading operations, and keeps a record of obligations between a client and a broker.
Many trading platforms are available, and most of them differ in terms of form and function. It is one of the most important aspects of entering the Forex market. Some can be specific to a certain function or order, some can have unique tools and services, some can simply be easy to use by beginners, and some can be complex and may need extensive knowledge and experience to use.
And as the number of trading platforms increases every year, it can be a daunting task to choose one and stick to it. This is especially true if a beginning trader is not familiar with what criteria to search. Meanwhile, the experienced trader would note down a list of features and how it would cater to the trading strategies – just as we will get into later in detail. A choice among the trading platforms to use depends solely on what the traders prefer. The preferences can range from an individual to a workplace habit of a trader.
Why XCritical is one of the best platforms
Now Xcritical’s website is diverse in its scope and can cater to almost any needs of traders, whether a novice or an expert. Here, we will look into several factors that garner most of its recognition from traders globally and how it complies with the criteria of a broker within the realms of a modern and reliable trading function.
Accuracy and speed
It may perhaps be one more important criterion that most traders seek than all else when considering a trading platform. According to XCritical website, a platform is powerful enough to handle a capacity to render a maximum rate of processing tens of thousands of data – a must for active trading.
A range of a platform’s availability is only limited by how good a stable internet connection is at any given time. With this in mind, this makes the platform flexible with almost any computer or device, ranging from personal desktop computers and laptops to smartphones and tablets.
The functionality of the trading platform can refer to how well equipped the trading platform is, especially when it comes to helping the users avoid getting in a loss in their investment by using various analysis tools. These tools can be your standard indicators, along with how to use them or create your own. It can also be as simple as newsfeeds, price charts, and an ability to edit and customize viewing options.
However, simply having all sorts of indicators and tools options may seem overwhelming and, at times, unnecessary. A typical trader would barely use more than half of it in trading platforms crammed with excessive features. Therefore, it is important for a trading platform only to have the necessary functions that are user-friendly and easy to grasp and use at its core.
When it comes to the XCritical rezension system, it does its best to offer the most necessary functions in a very convenient manner to effectively carry out orders as well as enter and exit a market quickly and in time for certain economic events.
The overall look and feel of the interface are usually looked into when it comes to whether or not to use the trading platform or not. After all, a user of a platform would usually focus less on the aesthetics of an interface and would rather focus more on making money at every opportune moment. Some trading platforms tend to forget this aspect of a trading platform and would put features over a presentation. But some of the best Forex trading platforms may be different. As a disorganized interface tends to greatly confuse traders, especially when mobile trading, it may be enough for them to opt-out of using a platform altogether. When buttons (especially the Buy / Sell buttons) are placed in an obvious and organized manner, it can make it less inconvenient for a trader to carry out orders or access analysis tools.
XCritical trading platform developers have strived to make it an eye-pleasing and convenient software to use. According to the XCritical website, they had taken the time to make the platform effectively understandable to even a beginner in the market while simultaneously incorporating the accounts holder’s necessary functions to carry out orders.
The availability of trading tools can vary and depend on a broker’s take on the Forex market. In turn, this would mean that the more extensive the list of tools, assets, and services available in software, the more opportunities for activity from investors and account holders.
However, a few points to keep in mind; when it comes to currency pairs, one should look for a variety of major, cross, and exotic currency pairs offered by a broker. The trading platform without a certain currency pair may not be substantially beneficial to a trader outside foreign to it, regardless of a broker’s reputation and technical insight.
When XCritical trading platform was developed, it took into account the preferences of real users from its massive databases and based a platform on it to provide access to the necessary assortment of currency pairs and commodities.
Ease of input-output of funds
Traders, who have earned a considerable profit while trading in the Forex market, must be able to gain access to their funds quickly. And when it comes to maintaining a position in a market, traders must have a function to instantly deposit funds into their trading account. Traders mostly prefer when their trading platforms’ access feature is streamlined, accessible, and, importantly, as lightning quick as possible.
That is why the XCritical platform strives to meet the listed criteria, conveniently including a function to instantly withdraw and deposit money into their accounts as fast and safely as possible.
All types of services are available in a market; security is one of the main aspects that all customers demand. With a rapidly increasing number and availability of access to online Forex brokers, it can be quite difficult to find a broker that is authorized and regulated by those who conduct authority. By default, a broker must always guarantee the confidentiality of all a user’s calculations and financial transactions. This is why XCritical platform provides platform access only to distinguished and reliable brokers who have proven their worth in a market and have exhibited transparency to its customer base from time and time again over the years. Before a brokerage firm would be given access, XCritical would perform a very detailed background check to make sure there is no fraudulent behavior or scam operations are detected. In terms of being authorized and regulated, XCritical is under the regulatory body of the Financial Conduct Authority (FCA). If you have any concerns XCritical cheating, ask for help from any available support service.
XCritical platform for beginners and professionals
A platform meets all the requirements for plain and speed work, as automated as possible. Available on PC, tablet, or smartphone. Work becomes convenient, accessible at any time. In addition, a complex data protection system is provided.
To optimize a process, a trader is given an occasion to customize a program to his requirement, connect all the necessary functions, and not overload an interface with unnecessary data. Additionally, Autochartist is provided to help a novice specialist. The tool helps to be acquainted with a platform, its main functions, and to analyze a market. As a result, it is facilitated for a trader to analyze and respond to changes, to encourage a client to buy capital.
Thus, a platform simplifies traders work, allowing to increase customer loyalty to a broker. It is easier and faster to find new customers and retain old ones using the service.
The benefits of using a platform also include:
- Interfacing with a CRM system. This allows you to work with several payment-processing systems at once, develop a clear marketing campaign, integrate with different platforms like MT4, etc. Detailed information is provided below.
- Wide range of functions. The main advantage over competitors is a large set of plug-in/switch-off functions. To optimize a work, there are various built-in charts, account options, etc.
- High speed of order execution allows receiving signals without leaving a platform. Using a built-in adviser, you can conduct effective analysis methods and improve trading.
- Stylish design and intuitive interface. Combines innovative design and advanced functionality that supports multiple languages.
XCritical trading platform is software that allows you to trade from anywhere on any device. The application ensures smooth operation and quickly responds to user actions. It ensures the security of customer data.Today, XCritical is used to improve deals around the globe. The platform has a lot of positive feedback among brokers and traders. With the great popularity of a platform, unscrupulous competitors are also growing, claiming XCritical as scammers.
While XCritical trading platforms allow the user to open and close deals as well as limit these two orders, a platform has implemented a function that can help the trader monitor the entire trading activity and also control the transactions orders that have already been carried out. This convenient set of functions helps traders comfortably carry out an appropriate technical analysis and build effective trading strategies in their trading careers.
Forex trading platforms are usually operated by a client using orders that go under two types:
- Market Order: This is a “one-click” order that is done manually by the user to either buy or sell an asset.
- Pending Orders: These are orders that will be automated once a market’s price moves in a certain direction. It is an automated market order, opening or closing a certain position when certain conditions are met. The user must set the order parameters in advance to execute the order.
These platform orders will be discussed further below:
Opening and closing orders
This is a type of market order. When using XCritical website, the two main market order actions that the user must be familiar with Buy and Sell orders. They are also commonly known as opening and closing orders. An order is the actions done by a trader on a platform toward a broker to complete a procedure of either buying or selling an asset at a specific price.
XCritical platform allows a trader to be able to open and close market positions using the above orders. This fundamentally means, an open order will allow the user to open a position at the current price of an asset. An open order also allows the user to enter a market or exit it at a price that is either higher or lower than the current one.
When using XCritical trading platform, a trader is allowed to either purchase a market asset at its current ask price or sell it at its current bid price. There is a common misconception of beginners’ who enter a market with these two options. A common rule of thumb to combat that is to buy low and sell high. It means, a buy order must be done when the asking price is low, and a sell option must be done when a bid price is high.
To better orient oneself with XCritical trading platform, it may be worthwhile to consider the various types of pending orders as these would be the types of orders traders would frequently use.
Here, we will look into the types of editing orders that XCritical platform uses.
Buy limit order
It would be an order to purchase an asset when the ask price rises to a customized value a trader had set. This order is automated in XCritical platform.
Buy stop order
This order would start to purchase an asset when the asking price drops to a customized value a trader had set. This value can be assumed by taking into account a price reduction in the future.
Sell limit order
It would be an order to sell an asset when a bid price rises to a customized value a trader had set. This order is automated in XCritical platform.
Sell stop order
This is an order that would start to purchase an asset when a bid price reaches a customized value the trader has set. This order is based on predicting price reduction in the future – lower than the current price.
This type of order has been a popular function amongst traders due to its effectiveness. These types of orders can be extremely beneficial to a trader, especially if they do not want to lose more than they are willing to risk. Stop-loss orders are divided into:
- Stop Loss
- Take Profit
Using these orders would go under a rule of thumb where the ratio of Stop Loss to Take Profit should be equal to 1:2 or 1:3.
The platform has numerous additional services. Every trader can see this.
XCritical ’s Customer Relationship Management (CRM) System
XCritical ’s CRM system is designed to help brokers process and store customer data. It also features an unique ability to integrate itself with other platforms. In addition, XCritical trading platform system boasts a plethora of features, including:
- Maximum control of processing deposits
XCritical ’s CRM is also able to be integrated easily into platforms using various payment processing methods. In addition, the CRM system allows a broker to see and analyze all reports of payments as well as cases of unsuccessful attempts to transfer live funds.
- Flexible integration with numerous platforms
The structure of XCritical ’s CRM platform is very versatile and can not only be incorporated with XCritical products but can also be applied to other popular trading platforms such as MetaTrader 4 platform.
- Convenient and Streamlined Functionality
The flexibility of the CRM system extends to all the possible uses of a platform. It not only provides basic functions but also additionally creates unique opportunities for the platform in trading. XCritical CRM performs basic trading operations such as opening and closing deals without even switching tabs or software windows.
- Varying access levels
The developers of XCritical ’s CRM have designed a streamlined brokers functionality to independently manage access levels for all their employees. It also extends to the broker’s departments and specific employees, and they can customize how they can view or gain access to personal information from a client.
- Guaranteed safety from scammers and deceptive operations
It is the most important and primary benefit of XCritical CRM. The system’s security is designed so that it can be applied to each of the departments of the company differently.
XCritical crypto exchange
Apart from trading Forex basic functions, XCritical also allows an exchange of cryptocurrency, especially of Bitcoin, Litecoin, and Ethereal. A majority of services online tend to be unverified and as usual, it can be risky to use since it is very easy for fraudsters to take advantage of. Fortunately, XCritical offers an agency and quick service as they do intensive background check brokers who use the services and carefully monitor the integrity and behavior of customers to conduct a proper and secure exchange of cryptocurrency.
As a broker, XCritical Crypto provides several advantages, such as the aforementioned CRM System, where its special programs can control the trading area. A platform allows brokers to connect to more than 30 exchanges as well as create order books to be fully managed. It is especially convenient for start-up brokers.
For users, the execution on a platform is designed to be fast. XCritical Crypto Exchange platform is also free to download the apps and can be supported with almost any modern smartphone or tablet for on-the-go mobile trading.
And thanks to a fleshed-out set of functions, a platform can carry out its trading operations exactly how it does in its foreign exchange platforms; fast and in real-time.
It also features a full set of advanced analytical tools for every situation, including and not limited to technical graphics, bank options, one-click trading systems, and of course, its inclusion of XCritical ’s CRM system.
The developers of a system have also taken into priority various areas for a system. In XCritical ’s Crypto Exchange platform, special attention has been given to full control for marketing activities, back-office management, procurement of business analytics, risk management strategies, automated trading, and full security and privacy of data storage on its servers. The trading platform organization features confirmed the fact that no one could be scammed by Xcritical.
XCritical platform new project: Crypto Connectors
With Crypto Connectors, you can connect clients to major cryptocurrency exchanges. Access is provided worldwide, regardless of location and place of residents. With it, it is faster to place orders without any restrictions. In most cases, a Rest and WebSocket connection is used. The XCritical official site contains detailed information regarding the benefits and features of using a service. Training and seminars are also held with leading financial analysts. It confirms the honesty and benefits of working with XCritical.
With the latest XCritical rezension it is possible to create:
- connectors system
- arbitrage system and various trading strategies
- universal cryptocurrency exchange
- websites with data like CoinMarketCap
- new services for your clients
- applications, charts, trading bots, etc.
All the necessary functions are available on one service, due to which it is convenient to monitor digital assets, receive data in a user-friendly format. The work is carried out with all world exchanges, in a short time to make transfers, track quotes, place orders, and further control them. This is evidenced by XCritical reviews.
All actions are carried out automatically, minimizing the actions of the user of a service.
Crypto Connectors provides quotes for over 1000 coins and 2000 currency pairs. The opening/closing points, minimum and maximum prices for a set period are displayed. To configure, just specify the required pair and set a term. A system will automatically build data.
XCritical platform makes it easy to follow the resources that occupy the leading positions on an exchange. Additionally, you can change the portfolio settings, create new orders on different exchanges. Security and complete confidentiality of each transaction is ensured.
With Crypto Connectors, it’s fast and comfortable to process large amounts of data. You can also create an entire platform for buying / selling cryptocurrency, develop websites like CoinMarketCap, and create new projects under the needs of customers.
MetaTrader 4 VS XCritical trading platform
MetaTrader 4 trading platform is one of the most popular platforms for trading Forex, next to XCritical. When assessing MT4, it does have a few advantages over XCritical.
Advantages of MetaTrader 4 platform
- MT4 is very convenient, especially for stock trades
- MT4 platform provides the ability for individual users to customize automated bots and helpers.
- Platform is extremely flexible to employ several helpful plugins.
Disadvantages of the MetaTrader 4 platform
- An interface is unnecessarily overwhelmed with various indicators
- A platform has been a subject of price and spread manipulation in its history
- There seems to be a lack of visible information regarding volume on a completed contract.
In the bottom line, whatever instrument chosen, united with whatever trading platform is preferred, it is very beneficial to learn about the services and look into other and read sources to understand the broker’s requirements as well as how their privacy statements and conditions work. It is also important to note that your starting capital can change the ease of use of any trading platform. Also, it may be crucial to take note of the leverage and apps offered by a broker. In the end, it would be your choice to see which one works the best for you and to try out the various trading platforms available on offer above reviews online.
XCritical platform user reviews
XCritical trading platform developers always look forward to and welcome the user and customer feedback to streamline its functionality and convenience.
According to one user named Peter, he says,
I have been working with XCritical platform for 2 months. I used mt4 before but decided to try another one because of a broker and small problems with the terminal itself.
XCritical is still delightful. It works instantly, even a little faster than mt4. It quickly changed to a new design, how to make deals figured out in a couple of minutes.
There were questions on setting up analytics, a broker, unfortunately, answered slowly. Turned directly to XCritical, responded slowly – turned to lunch, waited for an answer until the next morning. At the same time, everything was explained clearly.
A consultant also helped to deal with the analytics bot. Now I know how to find all the necessary information on a platform.
Now I use the services of a broker Maximarkets. Found on his site good video tutorials on a platform.
Now I’m dealing with the stop loss function. There was no need to use mt4, so there is nothing to compare with. Thanks to video tutorials from a broker, the learning process is quick. From tomorrow I plan to start using it with might and main.
In general, I am satisfied with both a broker and a platform at 9 out of 10.”
As you can see, the employees at XCritical platform, despite a brokers’ slow response and contact, we’re able to answer the questions quickly and clearly, rendering MT4 out of the picture.
In addition, here are some more actual statements made by real users of XCritical platform. They mostly have had experience with MetaTrader 4 and are now 100% satisfied with the use of XCritical mostly under a broker of Maximarkets.