Blitzbrokers
Xtrade
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Xtrade was established in 2003 and is based in Australia. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Blitzbrokers serves 10,000+ clients worldwide; Xtrade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Blitzbrokers | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Securities and Futures Commission (SFC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1982 | 2003 |
| Country | Hong Kong | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Xtrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Neither broker charges withdrawal fees. Xtrade charges deposit fees; Blitzbrokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Blitzbrokers offers MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Blitzbrokers supports social and copy trading features, which Xtrade does not offer. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Xtrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Xtrade compare. Blitzbrokers has a video library; Xtrade does not. Blitzbrokers integrates third-party research tools (Autochartist); Xtrade does not. Blitzbrokers scores higher overall in education and research.
| Feature | Blitzbrokers | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blitzbrokers uniquely supports bank transfer and credit/debit card among the two brokers. Blitzbrokers scores higher on deposit and withdrawal flexibility.
| Feature | Blitzbrokers | 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 Blitzbrokers and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Blitzbrokers offers multilingual support. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |