forexite
Xtrade
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Overview
forexite was founded in 2010 and is headquartered in Switzerland, while Xtrade was established in 2003 and is based in Australia. forexite holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. forexite serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at forexite and $1 at Xtrade.
| Feature | forexite | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2010 | 2003 |
| Country | Switzerland | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between forexite and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at forexite). forexite charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. forexite applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; forexite does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | forexite | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
forexite offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. forexite supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | forexite | 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, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how forexite and Xtrade compare. forexite runs regular live webinars; Xtrade does not. forexite has a video library; Xtrade does not. forexite publishes daily market commentary; Xtrade does not. forexite integrates third-party research tools (Trading Central); Xtrade does not. forexite maintains an archive of past webinars for on-demand viewing. forexite scores higher overall in education and research.
| Feature | forexite | 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. forexite uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | forexite | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | Not available |
| Skrill | Yes | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both forexite and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. forexite offers multilingual support. Both brokers are comparable on support quality.
| Feature | forexite | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | Not available |