Commonwealth Securities
Xtrade
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Overview
Commonwealth Securities was founded in 1999 and is headquartered in Australia, 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. Commonwealth Securities serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $5000 at Commonwealth Securities and $1 at Xtrade.
| Feature | Commonwealth Securities | Xtrade |
|---|---|---|
| Min. Deposit | $5000 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1999 | 2003 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Commonwealth Securities and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $5000 at Commonwealth Securities). Neither broker charges withdrawal fees. Commonwealth Securities charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Commonwealth Securities | Xtrade |
|---|---|---|
| Min. Deposit | $5000 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Commonwealth Securities offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Commonwealth Securities supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Commonwealth Securities | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Commonwealth Securities and Xtrade compare. Commonwealth Securities runs regular live webinars; Xtrade does not. Commonwealth Securities has a video library; Xtrade does not. Commonwealth Securities publishes daily market commentary; Xtrade does not. Commonwealth Securities integrates third-party research tools (Trading Central); Xtrade does not. Commonwealth Securities maintains an archive of past webinars for on-demand viewing. Commonwealth Securities scores higher overall in education and research.
| Feature | Commonwealth Securities | 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. Commonwealth Securities uniquely supports bank transfer and credit/debit card among the two brokers. Commonwealth Securities scores higher on deposit and withdrawal flexibility.
| Feature | Commonwealth Securities | 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 Commonwealth Securities and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Commonwealth Securities offers multilingual support. Both brokers are comparable on support quality.
| Feature | Commonwealth Securities | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |