freetrade
Xtrade
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Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while Xtrade was established in 2003 and is based in Australia. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. freetrade serves 890,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $0 at freetrade and $1 at Xtrade.
| Feature | freetrade | Xtrade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Financial Conduct Authority. Registered in England and Wales (no. 09797821) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2003 |
| Country | United Kingdom | Australia |
| Clients | 890,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between freetrade and Xtrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Xtrade). Neither broker charges withdrawal fees. Xtrade charges deposit fees; freetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | freetrade | Xtrade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which Xtrade does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | 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 freetrade and Xtrade compare. freetrade runs regular live webinars; Xtrade does not. freetrade has a video library; Xtrade does not. freetrade publishes daily market commentary; Xtrade does not. freetrade integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. freetrade maintains an archive of past webinars for on-demand viewing. freetrade scores higher overall in education and research.
| Feature | freetrade | 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. freetrade uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | freetrade | 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 freetrade and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. freetrade offers multilingual support. Both brokers are comparable on support quality.
| Feature | freetrade | 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 |