fx global markets
Xtrade
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Overview
fx global markets was founded in 2017 and is headquartered in United States, 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. fx global markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at fx global markets and $1 at Xtrade.
| Feature | fx global markets | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2017 | 2003 |
| Country | United States | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx global 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 $250 at fx global markets). fx global markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. fx global markets charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | fx global markets | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
fx global markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx global markets supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | fx global 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, 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 global markets and Xtrade compare. fx global markets runs regular live webinars; Xtrade does not. fx global markets has a video library; Xtrade does not. fx global markets publishes daily market commentary; Xtrade does not. fx global markets integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. fx global markets maintains an archive of past webinars for on-demand viewing. fx global markets scores higher overall in education and research.
| Feature | fx global markets | 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. fx global markets uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. fx global markets scores higher on deposit and withdrawal flexibility.
| Feature | fx global 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 fx global markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. fx global markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | fx global markets | 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 |