fx central clearing
Xtrade
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Overview
fx central clearing was founded in 2015 and is headquartered in Portugal, while Xtrade was established in 2003 and is based in Australia. fx central clearing holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. fx central clearing serves 30,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at fx central clearing and $1 at Xtrade.
| Feature | fx central clearing | 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-F234 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2015 | 2003 |
| Country | Portugal | Australia |
| Clients | 30,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx central clearing 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 fx central clearing). Neither broker charges withdrawal fees. fx central clearing applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; fx central clearing does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | fx central clearing | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fx central clearing 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 | fx central clearing | 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 fx central clearing and Xtrade compare. fx central clearing runs regular live webinars; Xtrade does not. fx central clearing has a video library; Xtrade does not. fx central clearing publishes daily market commentary; Xtrade does not. fx central clearing integrates third-party research tools (Trading Central); Xtrade does not. fx central clearing maintains an archive of past webinars for on-demand viewing. fx central clearing scores higher overall in education and research.
| Feature | fx central clearing | 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. fx central clearing uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. fx central clearing scores higher on deposit and withdrawal flexibility.
| Feature | fx central clearing | 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 fx central clearing and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. fx central clearing offers multilingual support. Both brokers are comparable on support quality.
| Feature | fx central clearing | 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 |