Bulbrokers
Xtrade
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Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while Xtrade was established in 2003 and is based in Australia. Bulbrokers holds licences including Financial Services Authority (FSA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Bulbrokers serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Bulbrokers and $1 at Xtrade.
| Feature | Bulbrokers | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Services Authority (FSA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2000 | 2003 |
| Country | Bulgaria | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Bulbrokers). Neither broker charges withdrawal fees. Bulbrokers applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; Bulbrokers does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Bulbrokers | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Bulbrokers offers MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | Xtrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bulbrokers and Xtrade compare. The two brokers are evenly matched on educational content.
| Feature | Bulbrokers | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bulbrokers uniquely supports bank transfer and credit/debit card among the two brokers. Bulbrokers scores higher on deposit and withdrawal flexibility.
| Feature | Bulbrokers | 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 Bulbrokers and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Bulbrokers offers multilingual support. Both brokers are comparable on support quality.
| Feature | Bulbrokers | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |