ETFinance
Xtrade
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Overview
ETFinance was founded in 2018 and is headquartered in Cyprus, 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. ETFinance serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $215 at ETFinance and $1 at Xtrade.
| Feature | ETFinance | Xtrade |
|---|---|---|
| Min. Deposit | $215 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2018 | 2003 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETFinance and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $215 at ETFinance). Neither broker charges withdrawal fees. ETFinance charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | ETFinance | Xtrade |
|---|---|---|
| Min. Deposit | $215 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
ETFinance 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 | ETFinance | 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,iOS,MacBook,iPhone | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETFinance and Xtrade compare. ETFinance runs regular live webinars; Xtrade does not. ETFinance has a video library; Xtrade does not. ETFinance publishes daily market commentary; Xtrade does not. ETFinance integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. ETFinance maintains an archive of past webinars for on-demand viewing. ETFinance scores higher overall in education and research.
| Feature | ETFinance | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETFinance uniquely supports bank transfer and credit/debit card among the two brokers. ETFinance scores higher on deposit and withdrawal flexibility.
| Feature | ETFinance | 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 ETFinance and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. ETFinance offers multilingual support. Both brokers are comparable on support quality.
| Feature | ETFinance | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |