ForexMart
Xtrade
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. ForexMart serves 10,000+ clients worldwide; Xtrade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | ForexMart | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2015 | 2003 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and Xtrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. ForexMart charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. ForexMart charges deposit fees; Xtrade does not. The two brokers are broadly comparable on fee structure.
| Feature | ForexMart | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
ForexMart offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexMart supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | ForexMart | 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, WEB, desktop | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexMart and Xtrade compare. ForexMart runs regular live webinars; Xtrade does not. ForexMart has a video library; Xtrade does not. ForexMart publishes daily market commentary; Xtrade does not. ForexMart integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. ForexMart maintains an archive of past webinars for on-demand viewing. ForexMart scores higher overall in education and research.
| Feature | ForexMart | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexMart uniquely supports bank transfer and credit/debit card and Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | 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 ForexMart and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart offers multilingual support. Both brokers are comparable on support quality.
| Feature | ForexMart | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | Not available |