ForexTB
Xtrade
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Overview
ForexTB 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. ForexTB serves 5,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at ForexTB and $1 at Xtrade.
| Feature | ForexTB | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2015 | 2003 |
| Country | Cyprus | Australia |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexTB 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 ForexTB). Neither broker charges withdrawal fees. Xtrade charges deposit fees; ForexTB does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | ForexTB | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ForexTB offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | ForexTB | 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 Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexTB and Xtrade compare. ForexTB runs regular live webinars; Xtrade does not. ForexTB has a video library; Xtrade does not. ForexTB publishes daily market commentary; Xtrade does not. ForexTB integrates third-party research tools (Trading Central); Xtrade does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | ForexTB | 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. ForexTB uniquely supports bank transfer and credit/debit card among the two brokers. ForexTB scores higher on deposit and withdrawal flexibility.
| Feature | ForexTB | 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 ForexTB and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. ForexTB offers multilingual support. Both brokers are comparable on support quality.
| Feature | ForexTB | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |