FXNet
Xtrade
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Overview
FXNet was founded in 2012 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. FXNet holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. FXNet serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $50 at FXNet and $1 at Xtrade.
| Feature | FXNet | Xtrade |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2003 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FXNet and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $50 at FXNet). Neither broker charges withdrawal fees. Xtrade charges deposit fees; FXNet does not. The two brokers are broadly comparable on fee structure.
| Feature | FXNet | Xtrade |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
FXNet offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FXNet supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | FXNet | 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, 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 FXNet and Xtrade compare. FXNet runs regular live webinars; Xtrade does not. FXNet has a video library; Xtrade does not. FXNet publishes daily market commentary; Xtrade does not. FXNet integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. FXNet maintains an archive of past webinars for on-demand viewing. FXNet scores higher overall in education and research.
| Feature | FXNet | 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. FXNet uniquely supports bank transfer and credit/debit card among the two brokers. FXNet scores higher on deposit and withdrawal flexibility.
| Feature | FXNet | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FXNet and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. FXNet offers multilingual support. Both brokers are comparable on support quality.
| Feature | FXNet | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |