Etrade
Xtrade
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Overview
Etrade was founded in 2012 and is headquartered in United States, while Xtrade was established in 2003 and is based in Australia. Etrade holds licences including Securities and Exchange Commission (SEC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Etrade serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Etrade and $1 at Xtrade.
| Feature | Etrade | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2003 |
| Country | United States | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Etrade 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 Etrade). Neither broker charges withdrawal fees. Xtrade charges deposit fees; Etrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Etrade | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Etrade offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Etrade supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Etrade | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Etrade and Xtrade compare. Etrade runs regular live webinars; Xtrade does not. Etrade has a video library; Xtrade does not. Etrade publishes daily market commentary; Xtrade does not. Etrade integrates third-party research tools (Trading Central); Xtrade does not. Etrade maintains an archive of past webinars for on-demand viewing. Etrade scores higher overall in education and research.
| Feature | Etrade | 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. Etrade uniquely supports bank transfer and credit/debit card among the two brokers. Etrade scores higher on deposit and withdrawal flexibility.
| Feature | Etrade | 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 Etrade and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Etrade offers multilingual support. Both brokers are comparable on support quality.
| Feature | Etrade | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |