Xtrend
| Subsidiary | |
| ISIN | 🆔 |
| Industry | FX market, Money market |
| Founded 📆 | 2018 |
| Founder 👔 | |
| Headquarters 🏙️ | , |
Area served 🗺️ | Worldwide |
| Services | Electronic communication network, Algorithmic trading |
| Members | |
Number of employees | |
| 🌐 Website | thextrend |
| 📇 Address | |
| 📞 telephone | |
Xtrend & Xtrend Speed are app-based trading platforms. They were launched in 2018 and are owned by and operated under license by parent company Rynat Trading Ltd a Cyprus Investment Firm.[1][2][3]
History[edit]
The Xtrend app was launched in 2018 after two consecutive years of building it.[4] It initially started with CFDs on Forex pairs in 2018,[5] before adding CFDs on precious metals, gold and silver in 2019, and US Oil in 2020.[1]
In 2019, XTrend introduced its social trading feature. This feature assisted professional and novice traders in analyzing market trends. Using the feature, traders can follow the shared trading signals of other traders.[1]
XTrend Speed added CFDs on WTI/US OIL at the beginning of 2020 and added CFDs on Indices in October 2020, and launched the desktop versions in 2021.[6]
Xtrend Speed, the sister app, was launched in 2020. After gaining its FSCA (South Africa) license approval, this app was launched to expand into new markets and jurisdictions.[2][6]
Xtrend & Xtrend Speed are owned by and operated under license by parent company Rynat Trading, a Cyprus Investment Firm that is authorized and regulated by CySEC.[2]
The apps' research and development office is located in Limassol, Cyprus,[7] and legal entities supporting its research and development are registered in Malaysia, China, and Cyprus. It is headquartered in South Africa.[1]
The XTrend Speed also offers a membership program that gives users additional benefits such as risk management capabilities on users' trading accounts and SMS alerts on market trends,[1][8] and offers trading options to over 170 countries.[3]
Awards and recognition[edit]
Xtrend & Xtrend Speed were recognized by the AtoZ Markets Forex Awards in 2020, won the Best Mobile Broker of the Year.[6]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 "Using Technology at Its Fullest, XTrend, The Future of Forex".
- ↑ 2.0 2.1 2.2 "XTrend, the Game-Changers In forex".
- ↑ 3.0 3.1 "XTrend – Promoting transparency in the forex world". The Asian Age. 2022-03-12. Retrieved 2022-04-18.
- ↑ "Xtrend launches a new way of Forex trading". The Jerusalem Post | JPost.com. Retrieved 2022-04-18.
- ↑ "A secure trading platform for investors – XTrend". www.mid-day.com. 2022-03-31. Retrieved 2022-04-18.
- ↑ 6.0 6.1 6.2 "XTREND – RISING TO PROMINENCE WITH A SUPERIOR PRODUCT, A BETTER STRATEGY, OR BOTH?". LA Weekly. 2022-03-25. Retrieved 2022-04-18.
- ↑ "The History of Forex Trading: Introducing the Game-Changers". LA Weekly. 2022-03-21. Retrieved 2022-04-18.
- ↑ "Xtrend launches a new way of Forex trading". The Jerusalem Post | JPost.com. Retrieved 2022-04-18.
