Nadex
Xtrade
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Overview
Nadex was founded in 2008 and is headquartered in USA, while Xtrade was established in 2003 and is based in Australia. Nadex holds licences including Unregulated, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Nadex serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at Nadex and $1 at Xtrade.
| Feature | Nadex | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nadex 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 Nadex). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; Nadex does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Nadex | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Nadex offers MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which Xtrade does not offer. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | Xtrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and Xtrade compare. The two brokers are evenly matched on educational content.
| Feature | Nadex | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nadex uniquely supports bank transfer and credit/debit card among the two brokers. Nadex scores higher on deposit and withdrawal flexibility.
| Feature | Nadex | 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 Nadex and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Nadex offers multilingual support. Both brokers are comparable on support quality.
| Feature | Nadex | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |