Xtreamforex Company News

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XtreamForex Payment Methods

XtreamForex offers a wide variety of deposit and withdrawal methods which include wire transfer and a variety of e-wallets such as Neteller, Bitcoin, Skrill, and others. Our funding process is fast and reliable you can use various methods to funding your account with various payment methods. XtreamForex funding process is fully automated will just need to enter the amount In USD while depositing the funds in your trading account. Deposits can take between 10 minutes and 2 business days depending on the method and are mostly fee-free.

XtreamForex provides you a variety of local and international payment options to choose from. Choose the payment option that suits your requirement with easy processing.

While transfer your funds you will not need to convert your funds in USD or some other money, keeping and attracting back using your area payment indicates you don't have to stress over money change.

Steps To Follow For Deposit Payment

• Go to the Deposit section in your Member Area, choose the method of payment such as Neteller, Skrill, and others.
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• Select the trading account you would like to top up, enter the deposit amount, select the currency, and click Next.
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• You will be shown a summary of the transaction. Check details and click Confirm Payment.
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• You’ll be redirected to the page where you will need to select your mobile provider and enter your phone number. Click Pay.
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• You will see a confirmation page with the message that you will be receiving a text on your phone with instructions to complete the transaction. Open the text on your phone and follow the instructions to complete the transaction.

XtreamForex is continuously trying to make deposits and withdrawals as easy as possible for our customers so that getting paid becomes faster than ever before. We have recently launched two new payment methods of Deposit from African Countries that can deposit via Online Naira Payment Gateway and Trade Forex. This allows the user to most secure, easy to use, and mobile-friendly Payment Gateway for African Countries. We are committed to our clients to provide them the better trading conditions so that they can easily focus on Trading and earn a reliable profit.

To know more visit https://xtreamforex.com/payment-methods/

 

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Trade With Best Forex Broker

XtreamForex is one of the Best Forex Broker that offers a number of trading products to trade around the globe. We are using straight processing liquidity for our institutional partners. We allow you to trade in various major forex currencies, stocks, Indices, commodities that enable the competitive price with the tight spread and good trading speed.



We providing superior trading conditions for both retail and institutional clients to boost your trading experience.

XtreamForex Account Types

We offering a variety of account types that suits your requirement. The minimum deposit to open a Micro trading account with just 5$. Our spread starts from 0 pips and leverages up to the 1:1000. The following are 5 distinct account types that boost your trading experience with the better trading style:

• Micro Account
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• Standard Account
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• ECN Account
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• ECN Pro Account
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• VIP Account

Swap-Free Account

We will be offering the swap-free account for the clients of the Muslim faith. In order to get the Swap-free account you will just need to open as usual either you can email the support to request the swap-free account.

XtreamForex Demo Account

XtreamForex Provide the Free demo accounts where you can practice your trading skills and knowledge on the various trading platforms. If you want to open a Demo account with XtreamForex you just need to fill the online registration form to the website. Your account details will be sent on your registered email and you will get the $100,000 virtual cash in your trading account.

Deposit and Withdrawal

XtreamForex offering various deposit methods. If you want to deposit in your trading account then you have an option to choose Wire Transfer, Bitcoin, Visa, Skrill, Neteller, and more. You can also fund your account via wire transfer. Our deposit and withdrawal is very fast and easy you just need to enter the details you can either send an email to the support.

To know more visit https://xtreamforex.com//

 

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Trade With XtreamForex

XtreamForex is also extremely popular among Introducing Brokers and affiliates, and it is indeed seen as a positive approach by the company to promote its brand among lesser-known markets. The company’s prime attention towards ensuring an excellent customer-service oriented brokerage service is one of the key reasons why existing XtreamForex clients continue to do business with the broker.

XtreamForex Trading Account Specification

XtreamForex has secured a critical aspect of the money related business sectors by offering Forex, Metals, Energies, Indices, Shares, CFDs through its diverse trading accounts. We positively understand their customers' choices and preferences, which is the reason they have joined a huge number of trading instruments to offer a differing item portfolio. In any case, with regards to picking a record, Xtreamforex gives nine unique sorts of accounts, which is a great deal for the regular trader. The base store needed to open an account is $5, while the greatest We provide the maximum leverage up to 1:1000.

Commission and Spread

With many currency pairs (major, minor, and exotic currency pairs), XtreamForex offers a wide range of currency pairs. As a beginner, it is always advised to start out with narrow-spread currency pairs. In this case, even if you lose money, the loss will not be significant. The spreads offered by the XtreamForex depend on the type of the account you registered with. With VIP and Currenex accounts the spread starts as low as 0 pips.

Funding Options Available At XtreamForex

There are a variety of funding options available at XtreamForex. To make sure that customers can safely deposit and withdraw their funds, multiple banking options are available. Choose your favorite payment method for smooth financial transfers. Of course, the traditional Wire Transfer is offered for deposits, together with Credit Cards (Visa, Visa Electron, MasterCard, Maestro, etc.), Moneybookers (Skrill), Neteller, Webmoney, and PerfectMoney.We recently launched the Niara payment for the South Africa region.

To know more visit: https://xtreamforex.com/

 

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Start Your Trading With Global Regulated Broker

Xtreamforex is one of the most highly regulated Best ECN Broker that offers the CFD trading online this gives our traders a level of confidence. We consider ourselves as the pioneering broker. We offer a plethora of the account types with fast order execution and better trading conditions. Choice with regards to the advanced trading platforms we offer, the assets we host, and the account types available, in the hope that our clients have pleasant and rewarding trading experience.

Reliable Trading Platform

As an XtreamForex client, you also benefit from the choice of and more ways to trade. We offer a selection of manual trading platforms MetaTrader 4/MetaTrader 5, WebTrader.We allow you to trade anywhere anytime with our multiple devices compatible with any devices. You can also choose from a variety of automated trading platforms, including our Mobile trading platform.

Customer Support

XtreamForex customers can trade in silence, knowing they are in good hands. Our customer service agents are ready to help with any trading issues you may have. Our service, combined with a deep understanding of the financial markets, allow our traders to enter the markets with confidence. Upon your first deposit of $10 or more, you will be appointed a dedicated Account Manager to guide you in your first trades, teach you how to use our trading platforms, and inform you on all market matters.

XtreamForex Education Guide

Xtreamforex education guide will help you to start your trading experience in a reliable way. We have a lot of trading sessions for the traders. Our education guide will help the new trader to gain knowledge about forex. Moreover, XtreamForex’s ultimate guide has the three basic sections as if you have a beginner in forex trading you have a chance to join the beginner guide. In case you have the little knowledge about the forex trading then you have an option to go with the Elementary section. On the other, if you have all the basic knowledge of trading and you want to be a pro trader then we recommended you go with the Intermediate or the Experience Guide. It will help you grow your trading skills.

 

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Reliable & Trusted Forex Broker- XtreamForex

XtreamForex is one of the best ECN Broker in the Financial Markets. We are Registered and Regulated by Marshall Islands having Registration Number 84516 With Brand Name Xtream Markets LTD. We provide a range of different trading products with an advanced trading platform that is used for different devices. We also have an effective mobile platform that will help you to trade on the go.

We offer a variety of account types that suits your requirements such as Micro account (Minimum Deposit $5), Standard Account (Minimum Deposit $250), ECN Account (Minimum Deposit $250), ECN Pro Account (Minimum Deposit $5,000), VIP Account (Minimum Deposit $20,000). Moreover, we provide you the maximum leverage of 1:1000 in which you can able to place the maximum number of trade orders with small investments.

XtreamForex offers you the Best Copy trading Option in which you can follow the pro trader and follow their strategy without having any knowledge of the trading. You can just follow our best strategy provider to earn and gain more profits by copying their trades into your account.

Bonus and Promotions

Currently, We Provide you the three Bonuses 100% Credit Bonus that will help to increase your Leverage to trade with a small amount. Xtreamforex offers a 30% Tradable Bonus that allows you to double your investment with Forex Tradable Bonus. Feel secure with a broker that ensures the safety of your fund. Last but not least the 100% Rescue + Tradable Bonus for new traders. The offer is valid for all traders who never made any deposit previously.

Trading Platform

We provide an advanced trading Platform MT4 and MT5 with 100+ Forex Products and other trading assets like Forex, Indices, Commodities, Stocks. We allow you to place your trading order in reliable trading conditions. We will be committed to providing you the superior trading services to all our clients, both the retail and the institutional clients.

Reliable Partnership Program

Join our reliable partnership program and diversify your portfolio by referring the clients to the company and earn more IB rebate. We offer you the $7 per standard lot to the very first client. Furthermore, we work on three top tier program such as Master IB, Sub IB, Sub Sub IB. The Commission Rebate structure is different for all the levels. Our IB Commission is Daily Payout.

Deposit and Withdrawals Methods

Xtreamforex provides you the fast and reliable deposit and withdrawal methods like Skrill, Neteller, Wire Transfer, Bitcoin. Our deposits and withdrawals are instant.

The Forex Markets are dominated by News and you can make some huge profits from trading these News Events.

 

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SNB could surprise (again) with a larger than expected hike

The central bank entered ZIRP between 2011-2015 before switching to NIRP with a rate of -0.75%, where it remained until June this year. And with seemingly few paying attention, they not only hiked rates but came out swinging with a 50 bp hike and sent shockwaves across currency markets. This quickly saw the yen strengthen as traders assumed the BOJ would be next to follow, but we’re still waiting and will likely be for some time. But the main point is that the SNB is likely to hike again tomorrow, and it would be wise to at least be prepared for a larger hike than some expect.

A recent poll saw economists up their 50bp hike for the SNB to 75bp. But in light of Sweden’s Riksbank hiking by 100bp, wholesale prices in Germany exploding higher and the potential for the Fed to hike by 100bp, the potential for the SNB to join to 100bp club. Besides, they hiked by 50bp when the consensus was for no change at all and have a track record with an element of surprise. Furthermore, the Swiss government upgraded 2022 CPI from 2.5% to 3%, and for 2023 from 1.4% to 2.3%- so perhaps they know something.

There are some examples of a strong bullish trend on a currency chart, than CHF/JPY right now. Momentum has been increasing during each impulse move higher, the moving averages are in bullish sequence and fanning out, and prices are respecting the closest average as support.

Read More : Daily & Weekly Analysis On Xtreamforex

 

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How Much FOMC Interest Rate Hike By Fed?

The Federal Reserve Open Market Committee lifted the federal funds rate to the 3.0% to 3.25% range and reaffirmed a continuation of its balance sheet runoff. The Fed updated its language stating the “recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to pandemic, higher food and energy prices, and broader price pressures”.

The Summary of Economic Projections was updated from June:-

The median projection for real GDP growth was downgraded in 2022. The forecast for 2023,2024,2025 and the longer run came in at 1.2%, 1.7%, 1.8% and 1.8% respectively.

The median unemployment rate forecast was 3.8% for 2022. 4.4% for 2023, 4.4% in 2024 and 4.3% in 2025. The longer-run estimate of the unemployment rate stayed the same at 4.0%.

On inflation, the median estimate for core PCE was assumed to be 4.5% in 2022, 3.1% in 2023, 2.3% in 2024 and 2.1% in 2025.
The median projection for the fed funds rate was lifted to 4.4% in 2022, 4.6% in 2023, 3.9% in 2024, and 2.9% in 2025. The long-run neutral rate was assumed to be 2.5%.

Read More : Daily & Weekly Analysis On Xtreamforex

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BOE: Another 50bp hike and we expect more to come

The BOE hiked policy rates by 50bp, bringing the bank rate to 2.25. The extent to which fiscal policy is set to boost demand and hence impact policy setting is still highly uncertain. Call for a 50bp hike in November and December and 25bp in February with risks of skewed towards additional hikes in 2023.

The Bank Of England increased the Bank Rate by 50bp to 2.25% with 5 member voting for 50bp increase, 3 members voting for 75bp and one member voting for 25bp. As expected, BoE announced that outright government bond selling will start with a total reduction in bond holdings of 80 billion pounds over 12 months. The BoE repeated its meeting-by-meeting approach stating that “Policy is not on a pre-set path” giving close to no forward guidance to markets.

One of the key takeaways from the Monetary Policy Summary is that the BoE no longer seem to pencil in a recession by Q4 2022. Note no inflation or growth forecast were published at this interim meeting, but not mentioning a recession gives a hint that the recession won’t hit as soon as BoE predicted in August. This feeds well into our narrative of the Fiscal stimulus providing near-term support to the economy. With newly elected PM Lizz Truss having announced the energy relief plan, which will cap energy prices for households, BoE now sees the peak in CPI inflation to be just below 11% compared to the 13% projected in August.

Read More : Daily & Weekly Analysis On Xtreamforex

 

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GBP down during Asian Trade

The pound was aggressively lower during Asian trade. CME stopped trading of GBP futures. GBP/USD touched a record low. Combination of the UK’s mini budget and flight to the dollar weigh on sterling.

The GBP was already facing heavy selling pressure on Friday when the UK’s new chancellor unveiled his new mini budget. The plan has been perceived as a tax cut for the rich alongside higher levels of debt, with one former treasury minister calling budget a “high risk gamble. The week closed with GBP/USD falling to just shy of its all time low set in 1985. And that level did not last very long.

In today’s session there is an aggressive selloff for the British pound, which has sent GBP.USD to a fresh record low. Currently down around -2.4%, its within its fifth consecutive down day, which includes a -3.6% decline on Friday. Such levels of volatility have not been seen since March 2020, and not restricted to GBP/USD.

Read More : Daily & Weekly Analysis On Xtreamforex

 

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EUR/USD approaches 0.9600 lows as recovery loses

There was a sharp movement in euro which may be missed. The single currency dropped to a fresh low on the year against the greenback, reaching a low of 0.9551 before bouncing back to hit 0.9700, from where it has since drifted back lower. The EUR/USD has now fallen for the fifth consecutive day. However, it was still off the lows at the time of writing, along with the GBP/USD. Will there be any dup buying as we had to the European close?

There are no obvious sings of a bottom in the EUR/USD yet, there’s the possibility we may see some short-covering at the start of this week, primarily due to the prospects of some coordinated central bank action while the lack of fresh news may encourage short-side profit-taking. In addition, the ECB is acknowledging that the growth and inflation outlook has bad and that the risks on latter are on the upside because of a weaker exchange rate. This is what President Lagarde said earlier today, which cause a bit if a bounce in the euro, although the upside remained capped as investors worried about the health of the economy. Any front-loading of interest rate hikes will only bring forward the time the ECB cuts again to help boost the economy. The central bank’s hands are tied, like the BoE and others.

Read More : Daily & Weekly Analysis On Xtreamforex

 

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US Housing data, Core PCE inflation

The slowing US housing market is making alive some memories from the 200—2009 great recession but there is some confusion about whether it’s a red flag for the economy these days. New home sales have been trending downwards so far this year and the August reading is expected to mark a new low at 500k from 511k previously, the lowest in six years. Pending home sales due today could show a steeper contraction of -1.4% from -1.0% previously, remaining negative for the third consecutive month.

A stabilization in the red-hot rent market in August, perhaps on the back of state limits in some regions, was probably a catalyst to a softer house demand too. However, more than half of the renters are still facing elevated prices year-on-year and given the inflation in construction materials as well as the tight supply of houses, there is little prospect for a significant slowdown in the market.

The strength in the labor market is also a tailwind for the real estate sector, delaying any defaults in loan payments. Personal income and consumption figures and together the core PCE inflation on Friday could provide some updates on that front. Although expectations are for a minor monthly pickup to 0.3% and 0.2% respectively, the indicators may not rise any concerns if they stay within normal levels. A potential mild increase in the core PCE inflation to 4.7% y/y would not be something new either after similar pace in the core CPI inflation reading.

Read More : Daily & Weekly Analysis On Xtreamforex

 

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NZ business sentiment is less dire, RBNZ hint at rate cycle high

Business outlook is now -37.6, up 25.9 points higher than the June low. Business outlook rose for a third month and at its fastest m/m pace since December 2020. Activity outlook rose from-4 to -1.8. Import intentions expanded for a second month. A large improvement for profit expectations, even though it remains negative overall. Credit conditions highest since mid-2021. All sectors see improved activity vs 1-year ago. Pricing intentions are still high, but inflation expectations dipped below 6% for the first time in six months.

Business sentiment may not be going from strength to strength, but to see pessimism lose its grip after multi-year lows certainly a step in the right direction. Besides, investors tend to look at the rate of change over the absolute level of such indicators, and right now it looks very likely that business sentiment hit its low in June.

The inflation and higher rates are having a negative effect on business sentiment. At 3%, RBNZ has one of the highest cash rates among the major economies and second place to the BOC and Fed at 3.25%. It’s likely we’ll see another 25bp hike but it’s also possible we could be nearing the terminal rate. Governor Orr said in August that the next rate move is not obvious and earlier today he said, whilst there’s still work to do regarding rates, the tightening cycle was already very mature. So against that backdrop, we suspect a 25bp hike on October the 5th, and may even see a pause-and will look for such clues in the October statement and minutes.

Read More : Daily & Weekly Analysis On Xtreamforex

 

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Recession Fears: The Ukraine war is affecting markets

The Ukraine ware is affecting markets around the world and generating extreme volatility. Worries over inflation in Europe have been brewing even before Russia war with Ukraine in February. While some considered it was temporary, others warned that it was a sign of a deeper crisis. Now, six months since the start of the war in Ukraine, is a recession inevitable in Europe?

The impacts of the conflict will likely vary depending on geographical location. Europe, and countries such as the Baltic states and Poland, are likely to experience more difficulties than countries that depend less on Russia for energy. Western Europe, in particular Germany, also has no easy alternative energy source to replace natural gas from Russia. After Moscow decided to temporarily suspend its gas supply to Germany, gas prices climbed to 295 Euro per Megawatt-hour. Recent data showed that business activity in Germany and France contracted in August due to falling demand and rising prices.
The Euro hit a new 20-year low against the USD, making it more expensive to buy energy on international markets, which is paid with the USD. Bundesbank, Germany’s central bank, forecast that inflation, which is at 7.5%, will hit double figures in autumn.

In the US there are already signs of improvement as inflation fell in July from 9.1% to 8.5% due to drop in gas prices. However, Europe continues to pay for its dependence on gas and inflation in Europe is already greater than the figure in the US. Falling food prices and fall in oil prices have not been enough to counteract the increase in gas prices in Europe. But some analysts argue that a recession could help deal with inflation, as long as it is not a prolonged recession.

Read More : Daily & Weekly Analysis On Xtreamforex