Today we are starting a new review of a trade-copying service called xcritical. As mentioned below, at the outset we decided to follow five traders who had strong, consistent records. It’s good to see all of the traders we are following either in profit now or only very slightly down.

All points of the best trades are joined by an orange line, all points of the worst drawdown are joine by a blue line. This system has been designed by xcritical to unmask immediately those Signal Provider who had the dangerous habit to never close operations in loss, but if and only they were back in profit. You have their logo with the nationality, https://xcritical.pro/ their account’s code number, the name of the broker used, and in the middle the precise amount of money earned up to that point thanks to that Signal Provider. In addition, some of these follower investors have turn their profile public, and you can click on their name to explore it and find out more information about their history.

Copy the most successful traders in your ThinkMarkets trading account

Among all, the “favorite” is certainly AAAFX, for the simple fact that this brokerage company is owned by xcritical itself . That you can follow all this guide with a up and working Demo Account, with the same features of a real one. Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate.

• But you need to be very careful about who you actually follow and I’ll go onto that in a minute.
• Well, on that day the orange line will show an increase of 30 pips, so a point at 1030 pips, while the blue line shows a point at 900 pips, which is the amount of pips the account has actually reached at some point.
• You should always look at the history and pick out those of the providers with lots of experience and a consistent graph that shows they were successful.
• With xcritical Social Chart you will also be able to see when a trader opens a position directly on the chart.

So it would be amazing if you are going to give it a try if you use my link. If you are enjoying the content though, just give me a thumbs up, that would be amazing on this video, and subscribing is always great so that you can be up to date with new content as it comes out. With Profit-Sharing accounts, the Traders‘ interest is aligned with the investor’s, since they are paid with a share of the profit of the investor’s account. Only if the investor’s account makes a profit the Traders will get a share of the profits. This service is offered with a monthly subscription fee, without additional commission charges. The „Margin Call-o-Meter“ is certainly useful, but it also has a few disadvantages, because it is based on historical data.

Is xcritical available in my language?

It also makes money on the subscription you pay, if you sign up for a revenue sharing deal. There is a customer service operator on hand to answer all queries 24 hours a day, 5 days a week. You can contact customer support via phone, email, or a live chat feature, and they should be able to answer any questions you may have. There is an extensive support area to help you set up xcritical cheating an account and start trading. In addition, there are video tutorials that explain each step of the process, as well as a blog and discussion forum to provide further information. As noted in our xcritical review, they are well regulated by the Greek Hellenic Capital Markets Commission which is ESMA compliant, and they also only link up with brokers who are also well regulated.

Calendaxcritical is the written version of the personal profile symbol “C” we have seen previously. It indicates a Signal Provider that has a tendency to open up his trade in proximity of major economic news released during the day and that can cause major changes in volatility. Going further down in his personal profile, on the left there’s the “Also Known As” block. If the trader had opened other Signal Provider profiles with other names, they will be shown here in this block. The concept is that the number of follower must not conditionate you in your choices, that have to be based on your professional knowledge and objective analysis of the Signal Provider’s risks and potential.

Copy Trading Review

xcritical offers two trading accounts, Classic and Profit Share. With the Classic Accounts, investors can perform both, manual and copy-trading. We start our xcritical review with a quick analysis of the overall ratings given by our industry experts for this excellent, Greece-based, social trading platform. After you’ve selected the signal providers you want to track, you have to set a level of risk for each trader. xcritical allows you to allocate your risk in a „custom“ mode or an „auto“ mode. xcritical tackles both novice traders and experienced traders, meaning that it is welcome for everyone.

Number of pips – Select signal providers that have made at least 1000 pips of profit. The goal of xcritical was to respond to the lack of platforms that allows traders to audit globally and at a simultaneous rate. xcritical has allowed traders to interact with othexcriticals and share their strategies among the trading community. xcritical, it is a social platform that allows traders to interact and share their trading knowledge. However, unlike xcritical, you will only find one broker available, xcritical.

Leverage

The result of this is that all traders now aim to adhere to these rules. This account gives you access to charts, data, alerts, and forex signals. Head over to ‘my account’ and you will get access to all the basic functions, from reviewing performance rankings to the ‘delete account’ button.

• At other times, instead, comments can be useful for considering things that perhaps you would had not think about or that you forgot to take into consideration.
• Before getting started, you will need to click on the activation link provided in the email.
• In any case, this portfolio simulation tool is here precisely to give you a way to do all the tests and experiments you want, without the minimum risk of being hurt.
• The xcritical platform itself is very intuitive and user-friendly.

Here you will have all the benefits of one of the most known and trusted trading platforms in the industry including more than 80 charting tools, and a very robust set up. Every action you take within your xcritical platform can be directly copied into the xcritical+ platform with ease. The first popular xcritical account type choice we will look at is the classic account. The model of this account is based on volume operations that are then replicated by the follower. With this account type, if you are following a trader, you will pay at the moment they open a position depending on its size. This account type is popular with both beginners as well as advanced users.

Our opinion on xcritical

Anyway, since you have the chance to reason only on certain data, and not on assumptions, the Max Drawdown value is definitely the cornerstone for planning risk management in your portfolio. However, before you begin, you must have very clear why the Maximum Drawdown of a xcritical Signal Provider is a matter so important to your business as a follower investor. The reason is always linked to the fundamental risk management. Final point, another flag you have to be sure NOT to have accidentally entered is “Reverse all trades”.

With Stop Value you can enter the price level at which you want the trade to be stopped out. Let’s say you want all the operations of that Signal Provider to have a trailing stop at 50 pips. Just enter 50 in the appropriate box, and click on the “T”, so that it changes color. From that moment on, the Trailing Stop is activated, and each new trade will have this function. xcritical gives you the chance to use this interesting trading tool with the operations of your Signal Providers.

I’m going to be talking to you about some of the negative aspects of it. I’m going to tell you some of the things that I like about the platform. I’m also going to be logging in and showing you how I pick traders, just actually going over the shoulder.

• On top of forex, users also have access to Cryptocurrencies.
• This Equity Line only reports the account’s performance based on the closed and accounted transactions, without including the trend based on the currently open operations.
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• As long as you are aware of the risks and willing to put in the time, you may still make attractive gains.