fxcl markets
Xtrade
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while Xtrade was established in 2003 and is based in Australia. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. fxcl markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at fxcl markets and $1 at Xtrade.
| Feature | fxcl markets | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Financial Services Authority (FSA) number 1637 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2006 | 2003 |
| Country | Cayman Islands | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxcl 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 fxcl markets). Neither broker charges withdrawal fees. Xtrade charges deposit fees; fxcl markets does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | fxcl markets | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fxcl markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxcl markets supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | fxcl 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 fxcl markets and Xtrade compare. fxcl markets runs regular live webinars; Xtrade does not. fxcl markets has a video library; Xtrade does not. fxcl markets publishes daily market commentary; Xtrade does not. fxcl markets integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. fxcl markets maintains an archive of past webinars for on-demand viewing. fxcl markets scores higher overall in education and research.
| Feature | fxcl 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. fxcl markets uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | fxcl 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 fxcl markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | fxcl 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 |