FP Markets
Xtrade
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while Xtrade was established in 2003 and is based in Australia. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. FP Markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at FP Markets and $1 at Xtrade.
| Feature | FP Markets | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2005 | 2003 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FP Markets 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 FP Markets). Neither broker charges withdrawal fees. FP Markets charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | FP Markets | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
FP Markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FP Markets supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | FP Markets | 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, IRESS, Mac, 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 FP Markets and Xtrade compare. FP Markets runs regular live webinars; Xtrade does not. FP Markets has a video library; Xtrade does not. FP Markets publishes daily market commentary; Xtrade does not. FP Markets integrates third-party research tools (Trading Central); Xtrade does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | FP Markets | 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. FP Markets uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | FP Markets | 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 FP Markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers are comparable on support quality.
| Feature | FP Markets | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | Not available |