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General Information
Broker Name: XPOken
Broker Type: Forex
Country: St. Vincent and the Grenadines
Operating since year: 2020
Address: Suite 305, Griffith Corporate Centre Kingstown, St. Vincent, and the Grenadines
Broker status: Active
Customer Service
Phone: +18008614098
Email: [email protected]
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 2021 – How good is this broker?

XPOken Review: competitive

CONTENT

  • GENERAL INFORMATION
  • FUNDS TRADING AND SECURITY
  • THE TRADING ACCOUNTS
  • TRADING CONDITIONS
  • TRADING PLATFORM
  • XPOKEN’S TRADING PRODUCTS
  • CUSTOMER SERVICE
  • CONCLUSION

General Information

XPOken is a new broker that prioritizes forex trading. However, the firm also houses other assets, ensuring it is diverse enough for any trader to try out. XPOken operates from Sain Vincent and the Grenadines. Its exact address is Suite 305, Griffith Corporate Centre Kingstown. Our XPOken review will help you form a clearer image of the broker and decide if you want to partner with it.

It’s apparent straight away that the broker is a modern firm that follows the latest brokerage trends. Its website tells you that much just with its smooth and minimalistic visual design. But while a pretty website is pleasing to look at and indicates meticulousness, there’s more to it. The site concisely presents its services, meaning you can reach the info you wish to find out quickly. That’s in contrast with older brokerages which would often hide or leave out unflattering details.

Now, the hiding wasn’t always intentional, but it always sours the user experience. Trying a broker with an undetailed website is often a shot in the dark that doesn’t always turn out well. As such, the broker’s well-organized website is something we felt deserved praise in our XPOken review.

Beyond that, the broker also offers a unique platform, great account typing, security, and potent trading conditions. Naturally, we wouldn’t ask or even recommend you take our word for it, so we’ll elaborate further down the line. For now, we’d like to expand on some of our favorite features on xpoken.com:

Purity and trust, Mobile trading, World extensive, investment portfolio, funding options, top liquidity

·      Transparency

XPOken is a brokerage that’s fully transparent in everything it does, which is a rarity with modern firms. The pricing structure is abundantly clear, and there are no hidden fees or charges waiting in the fine print. The terms and conditions are clear, hiding no malicious clauses that would hurt users. Lastly, the funding (particularly withdrawals) is set up so that cash flows quickly in and out of your account, giving you complete control.

·      Accessibility at XPOken

Accessibility is another essential feature of XPOken, creating a situation where it’s a great fit for many traders. That starts from its easy-to-use website and its global reach as far as customers go. Namely, the broker is available in over 80 countries worldwide, dwarfing a lot of competitors. On top of that, it crafted a proprietary platform that’s simple to use, meaning newer traders can access trading quickly.

·      Speed

One more significant plus as far as our XPOken broker review goes is the firm’s quickness. The registration and verification process is quick, meaning you won’t need to wait a long time to start trading. Furthermore, its platform is easily accessible and simple to grasp, flattening the learning curve. Ultimately, the software is quite quick, creating a positive trading experience where you don’t need to worry about lag or stuttering.

Funds Trading and Security at XPOken

XPOken: transparent pricing & providing eficiency

Safety is a vital component of any competent broker, where unsafe brokerages add an additional gamble to trading. Even if your trading experience goes smoothly and successfully, there’s always the possibility of your funds disappearing. Naturally, we would never suggest investing with such a firm, since investing is risky enough as-is. As such, we only consider brokers that provide their customers with at least passable security measures.

Luckily, XPOken is a firm that does much more than what we ask for, with top-notch user safety. That starts from the transparency and terms and conditions we mentioned earlier in our XPOken review. The transparency allows you to inspect every broker’s service area, meaning you can make an informed decision. The terms also eliminate any doubts about the broker’s validity, deeming them a proper company. When the two pair up, it’s not challenging to realize why the broker deserves a large degree of trust.

The outside security measures are competent as well, ensuring protection from hackers. The broker employs a straightforward combination of encryption and account verification measures. That ensures users are the only ones that can access and use their own accounts. Even if their connections were to get compromised, encryption scrambles the data making it unreadable by cybercriminals. The effectiveness of their measures is apparent since there were no past hacking incidents.

Altogether, the safety that the broker provides is quite formidable and up to par with industry giants. Users also seem to be pleased, as we weren’t able to find any complaints about the broker’s functioning. As such, we have no issue in stating that the broker’s security is more than competent.

 

The Trading Accounts

XPOken’s account variety is one of the things that boost the quality of its overall trading service. The initial account is technically free and lets you check out the trading platform. But to start trading, you need at least $250. The broker offers six live account variations, ranging from budget to luxury, with an invite-only VIP version. However, even the cheapest account is entirely competent trading-wise and won’t be a hurdle to your success. There’s no wrong account choice. It really comes down to personal preference. Here are some of the specifications to help you pick:

XPOken trading accounts
XPOken offers 6 different account types, with minimum deposit starting at $250.

Student

  • Min. Deposit $250
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • 24 Hour Trading

 

Starter

  • Min. Deposit $2,500
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • 24 Hour Trading
  • Islamic Account

Premium

  • Min. Deposit $10,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Daily Analysis
  • Mobile Trading
  • Islamic Account
  • Account Manager

Advanced

  • Min. Deposit $25,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Mobile Trading
  • Account Manager
  • Daily Analysis

 

Pro

  • Min. Deposit $50,000
  • 0.01 Min Lot Size
  • XpTrade Platform
  • Islamic Account
  • Account Manager
  • Daily Analysis
  • Fixed Pricing

 

VIP

  • Min. Deposit $100,000
  • Hidden Specifications
  • Ask Your Account Manager For More Information

Trading Conditions

XPOken’s excellent trading conditions are the element that makes it stand out and allows it to be able to compete with industry leaders. As we said earlier in our XPOken review, the firm prioritizes forex trading. As such, it needed to secure the things that traders commonly enjoy while trading such assets. The two primary elements here are the broker’s tight spreads and the 1:400 leverage, which we consider just right. Furthermore, the fast funding with various methods makes for a trading experience free of interruptions.

The platform and asset variety also contribute, but we’ll touch on those later in our XPOken broker review. One last thing we’d like to note is that the broker offers more than forex, leaving the door open for all traders.

 

Trading Platform

XPOken crafted a top-tier proprietary platform which the company named XpTrader
XPOken uses a proprietary platform.

XPOken crafted a top-tier proprietary platform which the company named XpTrader. It comes in the usual web and mobile forms, creating a situation where you can comfortably move between the two platforms. On top of that, the software is quite convenient and intuitive, meaning even first-timers will learn quickly. You can access XpTrader from xpoken.com by pressing the platform button if you’re signed in. That’ll take you to a pseudo-demo where you can inspect the platform even without any funds on your account.

XPOken’s Trading Products

Earlier in our XPOken review, we praised the variety of their trading materials. We had good reason for that, as the firm houses over 500 trading instruments its customers can buy and sell. It spread its available assets over multiple popular categories, not singling out either one too much. As such, the broker became a good fit for a wide variety of traders instead of being overly specific. So, here’s a list of the trading product classes you can expect to see on xpoken.com:

  • Forex
  • Indices
  • Stocks
  • Digital Assets (Cryptocurrency)

Customer Service

XPOken’s support structure follows the standard services other brokers employ. That means the presence of three options (live chat, phone, email) and a 24/5 working hours. The operatives are kind and solved our test issue quickly, resulting in a pleasant experience.

Phone: +18008614098

Email: [email protected]

XPOken Review Conclusion

From our XPOken review, it should be apparent we’re quite pleased with how the broker operates. It follows all the best modern brokerage trends and maintains a high level of quality throughout its service. In fact, its security is top-notch, immediately putting it above the vast majority of its peers. When you pair that up with the excellent trading conditions, it’s no wonder that the broker has gained a massive amount of traction.

The various assets and intuitive platform also make it a good choice for any trader. As for the budget-luxury trader split, the broker manages to cater to both with its account typing. That means the XPOken has truly thought of everything when crafting its service, indicating an attention to detail. We suggest going to xpoken.com and signing up if you’re searching for a new broker, and we’re confident you won’t be disappointed.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 4.82 (168 reviews)


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