Forex.com
Xtrade
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while Xtrade was established in 2003 and is based in Australia. Forex.com holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex.com serves 150,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is Typical at Forex.com and $1 at Xtrade.
| Feature | Forex.com | Xtrade |
|---|---|---|
| Min. Deposit | Typical | $1 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2001 | 2003 |
| Country | United States | Australia |
| Clients | 150,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs Typical at Forex.com). Forex.com charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; Xtrade does not. Forex.com charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Forex.com | Xtrade |
|---|---|---|
| Min. Deposit | Typical | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Forex.com offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex.com | 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, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex.com and Xtrade compare. Forex.com runs regular live webinars; Xtrade does not. Forex.com has a video library; Xtrade does not. Forex.com publishes daily market commentary; Xtrade does not. Forex.com integrates third-party research tools (Trading Central); Xtrade does not. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Forex.com | 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. Forex.com uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | 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 Forex.com and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com offers multilingual support. Both brokers are comparable on support quality.
| Feature | Forex.com | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | Not available |