Xtreme Markets

Xtreme Markets broker is an international trading platform that has drawn the attention of some Iranian users with its cent account, leverage of up to 1:1000 and deposit bonuses. But Teagle's data on this broker is full of warning signs: its founding year is not recorded, its only license is offshore, and Iran is on its list of restricted regions. In this overview, we review all of these points alongside Xtreme Markets' accounts and payment methods.

What kind of broker is Xtreme Markets?

Xtreme Markets (XTREMEMARKETS) is a broker whose country is recorded as Cyprus in Teagle's data, offering markets such as forex, cryptocurrencies, precious metals and indices through MetaTrader 4, MetaTrader 5 and Web Trader. The broker presents NDD trade execution as one of its advantages. Xtreme Markets' founding year is not recorded in Teagle's data, and Teagle's expert has pointed to ambiguities in the structure and content of some pages of its website; for this reason, the broker's track record cannot be assessed.

Xtreme Markets licenses and credibility

According to Teagle's latest review, Xtreme Markets holds one active license: FSC Mauritius under number GB22200951. FSC Mauritius is an offshore regulator, and the investor protection it offers is not comparable to that of top-tier bodies. Cyprus being listed in the broker's profile also does not mean it holds a CySEC license, and no such license appears in Teagle's list. To properly assess this type of license, read the articles offshore and onshore brokers and broker regulation tiers .

Does Xtreme Markets serve Iranians?

Teagle's data on this point is not consistent, but the expert conclusion is clear. In the broker's official documents, Iran is on the list of restricted regions. Initial registration may be possible for Iranian users, but according to Teagle's expert, identity verification and continued account activity may run into problems, and there is a risk of losing access to funds. If an Iranian account is blocked, what happens to the funds and open trades depends on the broker's policies. Teagle's expert has also noted the lack of Persian support and a Persian interface. So access to the registration form should not be taken as official acceptance of Iranians.

Xtreme Markets trading accounts

Teagle's table lists four accounts for this broker, all offered with floating spreads, a 60% margin call, a 30% stop-out, no requotes and an Islamic version:

• Cent account: minimum deposit $10, no commission, spreads from 1.2 pips and leverage up to 1:1000;
• Prime account: minimum deposit $10, no commission, spreads from 0.9 pips and leverage up to 1:1000;
• Platinium account: minimum deposit $200, no commission, spreads from 0.6 pips and leverage up to 1:400;
• Royal account: minimum deposit $10,000, commission of $2 per lot, spreads from 0.2 pips and leverage up to 1:400.

Teagle's expert considers the lack of a transparent ECN account and the high minimum capital on some accounts to be weaknesses of this broker. If you plan to practice with real money, the article best brokers for cent accounts introduces other options as well.

Xtreme Markets platforms, bonuses and services

Trading takes place on MetaTrader 4 and 5 (Windows, Android and iOS) and the web version. Scalping, hedging, news trading and phone trading are allowed. Additional services include bonuses, education, copy trading and social trading, PAMM, expert advisors, a virtual private server (VPS), an economic calendar and an IB program. The bonuses come with conditions; for example, under the 100% Tradeable Bonus plan, to fully withdraw your deposit and profits you must trade lots equivalent to 20% of the deposit amount. Compare the terms of active bonuses on the broker bonuses page .

Deposits and withdrawals at Xtreme Markets

According to Teagle's table, crypto deposits start from $5, are instant and carry only network fees, with a minimum withdrawal of $10. Credit cards and e-payments also start from $5 and take up to 10 minutes. Bank wire transfers start from $100; deposits take 2 to 7 business days and withdrawals 2 to 10 business days. Withdrawals while you have open trades are only processed if the account's free margin is enough to cover the amount and fees; we have explained this concept in the article margin in forex .

Xtreme Markets' rating and risk on Teagle

Xtreme Markets' final rating on Teagle is 1.9 out of 5, derived from a single source, namely the Teagle expert rating; no ratings from other review sites or Teagle users have been recorded. The Teagle Eye risk index for this broker is 68 out of 100, in the "High risk" category. See where it stands in Teagle's list of high-warning brokers .

Xtreme Markets broker pros and cons

• Pro: NDD trade execution and support for MT4 and MT5
• Pro: a variety of markets, a cent account and an Islamic option on all accounts
• Pro: bonuses and trading incentives
• Con: its only license is FSC Mauritius, which is offshore, and its founding year is not recorded
• Con: Iran is on the list of restricted regions, with a risk of problems during identity verification
• Con: no Persian support, no transparent ECN account and a high minimum capital on some accounts

Who is Xtreme Markets suitable for?

In Teagle's view, Xtreme Markets is only worth considering for experienced traders who need high leverage, MT4 and MT5, and tools such as copy trading and PAMM, and who accept the risk. It is not suitable for Iranian users or for those who care about official acceptance of Iran, Persian support and a transparent broker structure. Before deciding, weigh it up in the Xtreme Markets vs CG FinTech comparison .

Conclusion

Xtreme Markets offers a wide range of trading features, but its offshore license, unclear track record and restrictions on Iranians make it a high-risk option. Teagle's expert recommends that before making any deposit, you choose a broker that officially accepts Iranians. If you still want to try it, start with a small amount, make a test withdrawal and follow new warnings on the investment risk warning page .