eOption
Xtrade
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Overview
eOption was founded in 2008 and is headquartered in USA, while Xtrade was established in 2003 and is based in Australia. eOption holds licences including Unregulated, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. eOption serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $500 at eOption and $1 at Xtrade.
| Feature | eOption | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eOption and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $500 at eOption). eOption charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. eOption charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | eOption | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
eOption 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 | eOption | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and Xtrade compare. eOption has a video library; Xtrade does not. eOption integrates third-party research tools (Autochartist); Xtrade does not. eOption scores higher overall in education and research.
| Feature | eOption | 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. eOption uniquely supports bank transfer and credit/debit card among the two brokers. eOption scores higher on deposit and withdrawal flexibility.
| Feature | eOption | 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 eOption and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. eOption offers multilingual support. Both brokers are comparable on support quality.
| Feature | eOption | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |