Interactive Brokers
Xtrade
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Overview
Interactive Brokers was founded in 1977 and is headquartered in United States, while Xtrade was established in 2003 and is based in Australia. Interactive Brokers holds licences including the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Interactive Brokers serves 1,000,000+ clients worldwide; Xtrade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Interactive Brokers | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917). | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1977 | 2003 |
| Country | United States | Australia |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Interactive Brokers and Xtrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Interactive Brokers charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Xtrade charges deposit fees; Interactive Brokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Interactive Brokers | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Interactive Brokers offers MT4, MT5, cTrader, a proprietary platform, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Interactive Brokers supports social and copy trading features, which Xtrade does not offer. Interactive Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Interactive Brokers | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, NinjaTrader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Interactive Brokers and Xtrade compare. Interactive Brokers runs regular live webinars; Xtrade does not. Interactive Brokers has a video library; Xtrade does not. Interactive Brokers publishes daily market commentary; Xtrade does not. Interactive Brokers integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. Interactive Brokers maintains an archive of past webinars for on-demand viewing. Interactive Brokers scores higher overall in education and research.
| Feature | Interactive Brokers | 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. Interactive Brokers uniquely supports bank transfer and credit/debit card among the two brokers. Interactive Brokers scores higher on deposit and withdrawal flexibility.
| Feature | Interactive Brokers | 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 Interactive Brokers and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Interactive Brokers offers multilingual support. Both brokers are comparable on support quality.
| Feature | Interactive Brokers | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |