Forex Financial Services
Xtrade
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Xtrade was established in 2003 and is based in Australia. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex Financial Services serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $1 at Xtrade.
| Feature | Forex Financial Services | Xtrade |
|---|---|---|
| Min. Deposit | $2500 | $1 |
| Regulation | Australian Securities and investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Forex Financial Services | Xtrade |
|---|---|---|
| Min. Deposit | $2500 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Xtrade compare. The two brokers are evenly matched on educational content.
| Feature | Forex Financial Services | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services uniquely supports bank transfer and credit/debit card among the two brokers. Forex Financial Services scores higher on deposit and withdrawal flexibility.
| Feature | Forex Financial Services | 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 Financial Services and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services offers multilingual support. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |