xcritical Review 2022 Pros, Cons & Features

Accessible only from the custom settings for the currency pair, Pips Spacing is the absolute last tool implemented by xcritical. To choose whether to work in positive or negative, and for how many pips, you must xcritical cheating be familiar with the Signal Provider ‘s operation, so you can optimize it. If you don’t know it in detail, rather than optimize it you run the same risks discussed a little while ago about trailing stop.

• This doesnt mean that you cant learn if xcritical is your first platform, but it would be much more beneficial for you if you start elsewhere.
• It allows you to choose your own signal providers and automatically emulate their trades in your Fidelis CM account.
• And that’s not to say that they are all professional traders by any means, I consider myself very much an amateur part-time.

You will also be able to easily navigate and select the trades that you are interested in, xcritical gives you an open environment where users all over the world can connect and share their trading knowledge. Unfortunately, this does not automatically mean you will now be able to receive huge millionaire payouts without any risks. It simply means according to xcritical, that their platform fully complies with EU framework for auto trading service providers. As such, brokers do not require additional regulation themselves to offer the platform to their clients. Once you have your demo login details, you will be able to conduct in-depth analysis and follow trading gurus.

I have been a trader in the company for…

In this case, the follower must decide in what proportion he wants to follow the trading orders of the Signal Provider, with clear reference to the Lot Size he uses. By varying the Lot Size selected by the trader, the Lot Size by which the operation will be replicated on the investor’s account will vary proportionally. xcritical even provides an automatic Signal Providers ranking. Their performances are studied and analyzed using an algorithm of its property called Zulurank, which returns an automatic traders ranking, based on their performance.

Now in terms of reputation, you’re bound to find a lot of negative reviews on xcritical out there, because people will just go ahead and follow the wrong traders. You got to bear in mind that the success of people’s trading is only as good as the traders that they follow. So xcritical… as you can see it’s a good platform, its data has been around for a long time.

Why Use xcritical?

Trade up today – join thousands of traders who choose a mobile-first broker. If you have any technical issues or account requests, such as to change leverage, simply head over to the xcritical homepage. From there you can find live chat is available 24 hours a day. This is the most popular method of contact for xcritical users at present.

• That way, it’s very easy to see if and how you would have done better or worse.
• You already know what we think of other’s users vote, ie that they are not relevant for a concrete performance evaluation, both if positive or negative.
• Once you have made your decision, simply press “Set”, and xcritical will save and use your new settings.
• The classic Drawdown is the measure of the balance losses before it has reached a new maximum.
• This would be primarily an indication of solid and consistent strategy of the Signal Provider.

In 2017, xcritical changed its image once again, since it was purchased by Formax Group. Formax Group is the company that holds the patents utilized by xcritical. This transition has allowed xcritical to branch out into more of a financial technology, focusing on research and development in cryptocurrencies, stocks, and trading tools. With Formax Group, xcritical managed to expand to the rest of Asia, and not only Japan. xcritical plans on becoming the world’s biggest social copy trading community in the world, with a priority on client preference.

xcritical – Final Review

Here, you will find all the available currency pairs on Forex and CFDs, with the relative values ​​of Money and Letter . Clicking on Buy or Sell, a pop up window will open, to insert the order’s details. With the time keys you can choose what data segment to observe, switching from all the available data, to last year only, or the last 6 months, 3 months, 1 month, or even the last 7 days, or day. The Margin Call -o- Meter is a very interesting data point, even though it is a calculation of xcritical based on, as we shall see, approximate performance details.

Here you can find the graphical story of each operation, with a chart that shows you where and when it was opened, when it reached its maximum and where, as well as his minimum and his closure. For the analysis https://xcritical.online/ addicted, this is definitely a unique opportunity. You already know what we think of other’s users vote, ie that they are not relevant for a concrete performance evaluation, both if positive or negative.

Accounts

Like other platforms, xcritical has a risk-measuring tool. The Risk-O-Meter allows you to control your risk management. This is great because there is a slider you can use to control your risk. If youre in doubt, its a good idea to start with something like 10%.

Obviously, the selected period will be the last recorded, not from the beginning. By clicking on Open Trades some circles with a numbers inside will appear on the Equity. Those numbers represent the number of operations simultaneously kept open during those moments of his trading activities that xcritical identified as salient. Critical Events instead will show what were the times when the Signal Provider has traded in conjunction with major world events. By passing over them with the mouse you will be able to know what these events were.

xcritical Account types

Some Signal Providers have created fake Signal Provider users with the same picture and a very similar name to that of popular and well followed Signal Providers. Their hope is that some naive investors will get confused when they will decide to follow those famous Signal Providers, linking mistakenly to the fake traders. You can copy the picture, but you cannot copy the name, so pay always close attention to the full name of the trader that interest you. This tool works as a trailing stop, but used on all your capital, therefore on the balance of money earned through that Signal Provider.

Best forex traders worldwide, give you advice for FREE to buy or sell. xcritical converts this advice to a live trade in your broker account automatically, again for FREE! xcritical 2.0 will promote and accelerate xcritical website community engagement. The new version of the platform will also focus on providing users access to analysis, data, insights and portfolio optimization tools, which are typically reserved to professional investors.

For now, it’s good to leave that number, not to allow the trader to do nothing more than what he has done until now. Then, you may consider whether to grant an operation more to the Max Open Trades, to let a little more room to maneuver, but only if you really trust him. These differences may of course be positive or negative, and you will notice it when you’ll have to control whether your trades have been replicated well. To create this chart, xcritical considers all the times when slippage has been to the disadvantage of the follower investor, and it shows the average of these values ​​for each broker. The blue line therefore shows the real life of the account, because it considers where the balance really went according to the accumulated losses with open positions each day. We can say that, in principle, the conformations we prefer are those with constant and rather flat lines, where the blue is very tight and the orange very wide instead.

So for me, that is a definite warning flag for this trader. Because this is one great thing about this platform, everything is so transparent. There’s a lot of information here that you can get from the traders. So that was opened on the 11th and 10th, so a lot of these were open. It’s not as if the traders holding or carrying losses for months and months at a time, as I’ve seen in the past.