Circle Markets
Xtrade
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while Xtrade was established in 2003 and is based in Australia. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Circle Markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Circle Markets and $1 at Xtrade.
| Feature | Circle Markets | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Industry Regulatory Authority (FINRA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 2003 |
| Country | New Zealand | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Circle 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 $100 at Circle Markets). Circle Markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Circle Markets charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Circle Markets | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Circle 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 | Circle 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 | Desktop, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Circle Markets and Xtrade compare. Circle Markets runs regular live webinars; Xtrade does not. Circle Markets has a video library; Xtrade does not. Circle Markets publishes daily market commentary; Xtrade does not. Circle Markets integrates third-party research tools (Trading Central); Xtrade does not. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Circle 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. Circle Markets uniquely supports bank transfer and credit/debit card among the two brokers. Circle Markets scores higher on deposit and withdrawal flexibility.
| Feature | Circle 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 Circle Markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Circle Markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | Circle Markets | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |