Introduction

X90 is a Cyprus-based broker firm that specializes in Contracts for Difference (CFDs) on various financial instruments such as indices, commodities, stocks, and cryptocurrencies. The firm operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC). This review aims to provide an unbiased analysis of X90’s services, from its trading platform to customer support, to help traders make an informed decision.

Trading Platform

WebTrader

X90’s trading platform is fully web-based, meaning it requires no downloads or installations. This is a plus for traders who prefer to trade directly from their browsers. However, the platform seems to lack advanced trading features that most seasoned traders would look for. It does not support automated trading, which can be a significant drawback for some traders.

Mobile Trading

X90 also offers a mobile trading app available for both iOS and Android devices. The app is user-friendly and offers the convenience of trading on the go. However, it also carries the same limitations as the WebTrader in terms of features and functionality.

Account Types

X90 offers a one-size-fits-all trading account, which simplifies the process for new traders. However, the lack of account diversity can be disappointing for experienced traders looking for more tailored trading conditions. The minimum deposit requirement is relatively high compared to other brokers, which may deter budget-conscious traders.

Trading Costs

X90 operates on a commission-free model, with costs incorporated into spreads. While this can be advantageous for traders who execute large volumes of trades, the spreads on offer are notably higher than industry averages. This could significantly impact profitability, especially for short-term traders.

Regulation and Security

As a CySEC-regulated broker, X90 is required to adhere to strict regulatory standards, including maintaining segregated client accounts and participating in the Investor Compensation Fund. However, it is worth noting that the firm has been subject to regulatory penalties in the past, which raises questions about its commitment to regulatory compliance.

Customer Support

Customer support at X90 is available via email, live chat, and phone. However, the service is not available 24/7, which can be inconvenient for traders operating in different time zones. Additionally, there have been reports of slow response times and unhelpful support staff, which can be frustrating for traders needing immediate assistance.

Conclusion

While X90 offers a simple and straightforward trading platform, it falls short in several key areas. Its high spreads, lack of advanced trading features, and past regulatory issues are significant concerns. Additionally, its customer support service could be improved. Therefore, traders considering X90 should weigh these factors against their individual trading needs and preferences.