Core Spreads
Xtrade
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Overview
Core Spreads was founded in 2014 and is headquartered in London, while Xtrade was established in 2003 and is based in Australia. Core Spreads holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Core Spreads serves 10,000+ clients worldwide; Xtrade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Core Spreads | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2014 | 2003 |
| Country | London | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Core Spreads and Xtrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Neither broker charges withdrawal fees. Core Spreads charges deposit fees; Xtrade does not. The two brokers are broadly comparable on fee structure.
| Feature | Core Spreads | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Core Spreads 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 | Core Spreads | 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, 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 Core Spreads and Xtrade compare. Core Spreads has a video library; Xtrade does not. Core Spreads integrates third-party research tools (Autochartist); Xtrade does not. Core Spreads scores higher overall in education and research.
| Feature | Core Spreads | 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. Core Spreads uniquely supports bank transfer and credit/debit card among the two brokers. Core Spreads scores higher on deposit and withdrawal flexibility.
| Feature | Core Spreads | 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 Core Spreads and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Core Spreads offers multilingual support. Both brokers are comparable on support quality.
| Feature | Core Spreads | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |