Become an Xtrade VIP

At Xtrade, we value our traders and strive to give them quality service. For our VIP members, we go the extra mile with.

Senior Account Manager

An experienced account manager will guide you through our platform and the financial markets.

A Dedicated Support Team

A special team of customer service representatives is on standby to assist you with any issue you may encounter while trading.

Individual Bonuses

Enjoy bonuses that are tailored to your specific account when you contact your account manager.

Spread Reduction

As a VIP member, one of the perks is getting improved conditions such as a lower spread than other account types.

Priority Processing of Withdrawal Requests

Get your withdrawal requests approved within a shorter time period than with our other account types.

Join Xtrade’s exclusive VIP club, and claim our luxurious offers.

Join the Club

Account Verification Bonus

First Deposit Phone Verification First Trade On Us Account Verification

Verify Your Account and receive a 20% bonus

To ensure your trading remains confidential, please verify your account.

  1. Login to your account.
  2. Make your first deposit.
  3. Select Account > Account Verification.
  4. Complete registration and submit valid documents as specified.

Get Your Bonus

  • The bonus is available for all deposits made within 48 hours after you first deposit.
  • Bonus assigned will take up to 2 business days upon approval of your submitted documents to be accessible.
  • The bonus offer is limited to 14 days after your first deposit.
  • The maximum bonus is up to $1000
  • To redeem your bonus, you are required to reach a release volume of XPoints.
  • For more detailed information please refer to the Terms & Conditions.

Phone Verification Bonus

First Deposit Phone Verification First Trade On Us Account Verification

Verify your phone and receive a $25 CASH bonus.

  1. Login to your account.
  2. Select Account Options > Phone Verification.
  3. Submit valid phone number and enter the code received by SMS.

Get Your Bonus

  • The bonus is available only once per account.
  • To redeem your bonus, you are required to reach a release volume of XPoints.
  • We reserve the right to refuse or reject a registration, at our own discretion or based on regulatory restrictions imposed on us.
  • For more detailed information please refer to the Terms & Conditions.

First Trade On Us Bonus

First Deposit Phone Verification First Trade On Us Account Verification

Open your first deal with Xtrade and we will cover it.

  1.  If you make a profit, it’s yours.
  2.  If not – we will refund the loss up to $500 CASH bonus*.

Get Your Bonus

*Promotion is subject to Terms and Conditions.

This offer is valid only upon making your first deposit and for the following 10 days.

In case a loss occurred in the first trade opened (and closed) within the promotion period, you can get back 100% of the loss in Cash bonus up to $500, and according to the following rules:

The bonus is calculated only against a closed deal’s negative profit.

  • The bonus is available only once per account and only after completion of your deposit.
  • To redeem your bonus, you are required to reach a release volume of XPoints.
  • We reserve the right to refuse or reject a registration, at our own discretion or based on regulatory restrictions imposed on us.
  • For more detailed information please refer to the Terms & Conditions.

To better control your trading status, we recommend setting your first trade with our advanced “stop loss” feature, setting it to your max.

Why Choose Bitcoin Cash as Investment?

Gone are those days when Bitcoin was an obscure digital novelty used by a highly restricted community. By 2023, it had become a household name. People have accepted cryptocurrencies as a new type of money and have increasingly begun investing in them. Despite occasional drastic retreats in its price, Bitcoin has retained a leading place among other altcoins.

Indeed, Bitcoin’s market capitalization in 2022 reached $741.57 billion. During this year, people made over 270,000 daily transactions of Bitcoin. In the United States of America alone, about 46 million people own a share of this digital currency, which amounts to 22% of the country’s adult population. Around the world, over 81 million people opened Bitcoin wallets on Blockchain.com last year. Compared to 2021, there was a 72% rise in Bitcoin’s users; in other words, Bitcoin attracted about 34 million people more in 2022 than it did in the previous year. If we go back a few more years, we will see that since 2018, people’s interest in using Bitcoin has soared by a staggering 237%.

And yet, Bitcoin is not without drawbacks. People using it for payments know that it allows only a low volume of transactions per second – from 4.6 to seven transactions, at the most. The blocks’ limitations explain transactions’ low scalability in frequency and size. Bitcoin’s users have long found its slowness of payments annoying. Hence, in August 2017, they invented Bitcoin Cash (BCH) by splitting the existing blockchain into two. The new cryptocurrency was designed to offer cheaper and faster payment transactions. Bitcoin Cash has a transaction block size of 32MB, allowing for over 100 transactions per second, a significant improvement over Bitcoin.

Because the block size of BCH is much larger than that of Bitcoin, its transactions are considerably cheaper. A Bitcoin transaction is $59, whereas one of its younger relatives costs less than a penny. Because Bitcoin Cash enables quicker processing, it requires fewer miners to process transactions. Fewer people involved in producing digital coins might lead to weaker security, but less mining is beneficial for the environment.

Another point where Bitcoin Cash beats Bitcoin is accessibility. BCH can be bought through most main exchanges, namely Coinbase and Kraken. The buying process is simple. As the Coinbase website indicates, anyone with a valid ID can purchase this digital money in seven easy steps. PayPal sells Bitcoin Cash, too. When people purchase a BCH, they can put it into their cryptocurrency wallet and use it to make transactions. They also can exchange it for other altcoins.

Bitcoin Cash is more accessible than Bitcoin also because it is cheaper. As of writing, the price of the leader of cryptocurrencies is hovering between $23,700 and $25,200. Bitcoin Cash is trading at $124.34, emerging as a less expensive digital currency affordable to nearly everyone, not only the affluent few having the means to buy it at its current price.

If the price of Bitcoin Cash still looks high, analysts foresee its decrease in the near future. Although the digital coin has jumped by 24.75% in the past seven days, it is predicted to enter a downtrend. From February 2023, BCH began to slide thanks to sellers’ efforts to push it down. Unless buyers interested in BCH’s recovery take control of the market, the digital coin will continue dropping, at least in the short run, offering investment opportunities.  

In the long term, however, the prospects of Bitcoin Cash are brighter. WalletInvestor predicts that its price may climb to $206.892 by the end of this year. By 2025, it might reach $495.78, shooting to $1,653 by the decade’s end. Analysts’ optimistic outlook on the growth of Bitcoin Cash renders it even more desirable as an investment now when it is experiencing a downturn.

Like Bitcoin, Bitcoin Cash has a limited supply: its ceiling is 21 million coins. There will never be a larger number of Bitcoin Cash coins than this. As a hard asset, BCH is an attractive instrument for those wishing to make a long-term investment.

What Is the Secret of Meme Stocks’ Popularity?

The previous year, and the year before it, stand out in history not only because of the pandemic and ubiquitous lockdowns. They also gave rise to so-called meme stocks that have often managed to take the global stock markets entirely by surprise. Like none of the other stocks, meme stocks have the power to rattle the markets in several days or even hours and can gain value with unprecedented speed. Read on to learn what meme stocks are and how they succeed in capturing investors unawares. Find out how people earn money by investing in meme stocks and whether you should follow their examples.  

What Are Meme Stocks?

Meme stocks have two significant characteristics. They skyrocket in price in an extremely short period: hours or days. Their jump is generated by a sudden flurry of interest online or on social media and subsequent mass purchases among small individual investors.

The name of meme stocks, when translated from ancient Greek, reveals their essence. The word “mimema,” from which the word “meme” comes, means “imitated.” The concept was introduced in 1976 by British evolutionary biologist Richard Dawkins in his work The Selfish Gene and refers to a unit of cultural information spread by imitation.

Understood this way, memes are replicated and transmitted from one person to another. Memes evolve, mutate, and undergo natural selection, becoming popular among the masses. Memes are transmitted in verbal, visual, written, or electronic communication, such as through conversations, books, media, e-mail, or the Internet. Memes gain the widest popularity within a culture.   

As traditional investors often point out, the sharp advance of meme stocks is occasioned neither by business fundamentals nor their strong performance. In their eyes, meme stocks climb on the whim of people expressing their opinions on social media channels. Often, people conspire to push a stock’s price up to reap quick rewards from its increase.

Investors who look kindly at meme stocks say that what counts in investing is the surging stock price. No matter what the fundamentals are, a business should be deemed strong if a stock is supported by the multitude and grows. They also remind the detractors of meme stocks that the proof of the pudding is in the eating: if people earn money by investing in meme stocks, these stocks should be appreciated.

How Did It All Start?

The first meme stock, video game retailer GameStop, emerged in the summer of 2020, several months into the pandemic. One individual began to share his opinion about GameStop stock on Twitter, YouTube, and the subreddit r/wallstreetbets. In his posts, the person explained why a combination of high short interest from firms betting against a company and a GameStop business, in those times highly unappreciated, could bring handsome profits to investors.

In the wake of his posts, the former CEO of Chewy.com, Ryan Cohen, purchased 10% of GameStop shares, which became widely known. After Cohen had joined the board of directors, GameStop surged to $20 per share. Immediately after this, the value of the company’s stocks doubled, celebrating the growth of 8 times since the first posts about the company appeared on the Internet.  

Several months later, the short squeeze suggested in these posts occurred for real, with the price of GameStop shares shooting up to $500 amid panic purchasing. Hedge funds suffered the most from the short squeeze, with some announcing bankruptcy. Other forces then conspired to help the meme stock movement get off the ground. During the pandemic, people invested exclusively online, and numerous trading apps were brought together to enable the appearance of meme stocks.  

What Are the Advantages of Meme Stocks?

Owners of meme stocks can have certain benefits when a flurry of purchasing activity boosts their price:

·         A possibility of having high returns in a short period;

·         An ownership stake in a new investment idea;

·         As most investors in meme stocks are young people active on social media channels, the meme stocks movement might have a long, eventful career.

What Are the Disadvantages of Meme Stocks?

As with everything in life, meme stocks have a dark side. People investing in them might face serious problems:

·         Just as they go up quickly, the prices of stocks, hyped on social media, might speedily go down.

·         Short-term stock prices are driven by supply and demand and are unpredictable. They might sink as quickly as they soared.

·         Some meme stocks do not trade on fundamentals, which might push their price in the opposite direction and cause investors to incur losses.

What Are the Most Famous Meme Stocks?

In addition to GameStop, other companies are qualified as meme stocks. Like GameStop, these stocks were discussed on social media, which raised their prices amid frantic buying by online investors. Many of them struggled before climbing with the assistance of social media. The most famous among these meme stocks are the following:

·         Blackberry

·         Nokia

·         Palantir

·         Bed Bath & Beyond

·         Virgin Galactic

·         AMC Entertainment

There are also meme digital coins. The movement in the cryptocurrency market started with the launch of Dogecoin, created as a joke in December 2013. Shiba Inu then followed and spawned a whole new category of cryptocurrencies. Now meme crypto coins include MonaCoin, ERC20, Banana, Wownero, and Zombie Inu and have a market capitalization of $29,276.020.

How to Invest in Meme Stocks?

You can easily diversify your portfolio if you plan to trade meme stocks since meme stocks comprise a variable category. Money can come to you from various places. Or, if you do not aim to build a diversified portfolio, you may simply trade ETFs managing a portfolio of meme stocks popular on social media.  Bear in mind, however, that meme stocks can be particularly volatile. Be prepared to continue investing more over time.

The power of the public has never been stronger than now. With the help of social media and the internet, people can boost the prices of their favorite stocks within hours. It is worth keeping an eye on conversations about stocks initiated on social media channels because they may quickly bring them up and offer meme stock lovers valuable earning opportunities.