Advanced Global Markets
Xtrade
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Overview
Advanced Global Markets was founded in 1992 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. Advanced Global Markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $500 at Advanced Global Markets and $1 at Xtrade.
| Feature | Advanced Global Markets | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1992 | 2003 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Advanced Global Markets and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Advanced Global Markets). Advanced Global Markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Advanced Global Markets charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Advanced Global Markets | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Advanced Global Markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Advanced Global Markets | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Advanced Global Markets and Xtrade compare. Advanced Global Markets runs regular live webinars; Xtrade does not. Advanced Global Markets has a video library; Xtrade does not. Advanced Global Markets publishes daily market commentary; Xtrade does not. Advanced Global Markets integrates third-party research tools (Trading Central); Xtrade does not. Advanced Global Markets maintains an archive of past webinars for on-demand viewing. Advanced Global Markets scores higher overall in education and research.
| Feature | Advanced Global Markets | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Advanced Global Markets uniquely supports bank transfer and credit/debit card among the two brokers. Advanced Global Markets scores higher on deposit and withdrawal flexibility.
| Feature | Advanced Global Markets | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Advanced Global Markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Advanced Global Markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | Advanced Global Markets | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |