Forex EE
Xtrade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Xtrade was established in 2003 and is based in Australia. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex EE serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Forex EE and $1 at Xtrade.
| Feature | Forex EE | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Ministry of Economic Affairs in Estonia | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Grenadines | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE 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 Forex EE). Forex EE charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Xtrade charges deposit fees; Forex EE does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Forex EE | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Forex EE offers MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Xtrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Xtrade compare. Forex EE has a video library; Xtrade does not. Forex EE integrates third-party research tools (Autochartist); Xtrade does not. Forex EE scores higher overall in education and research.
| Feature | Forex EE | 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. Forex EE uniquely supports bank transfer and credit/debit card among the two brokers. Forex EE scores higher on deposit and withdrawal flexibility.
| Feature | Forex EE | 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 Forex EE and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE offers multilingual support. Both brokers are comparable on support quality.
| Feature | Forex EE | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |