ifc markets
Xtrade
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. ifc markets holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ifc markets serves 60,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at ifc markets and $1 at Xtrade.
| Feature | ifc markets | 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-F259 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2003 |
| Country | Cyprus | Australia |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ifc 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 ifc markets). Neither broker charges withdrawal fees. ifc markets applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; ifc markets does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | ifc markets | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
ifc markets offers MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | ifc markets | Xtrade |
|---|---|---|
| MT4 | No | 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 ifc markets and Xtrade compare. ifc markets has a video library; Xtrade does not. ifc markets integrates third-party research tools (Autochartist); Xtrade does not. ifc markets scores higher overall in education and research.
| Feature | ifc markets | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ifc markets uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | ifc 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 ifc markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | ifc 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 |