OptionWeb
Xtrade
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. OptionWeb serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $200 at OptionWeb and $1 at Xtrade.
| Feature | OptionWeb | Xtrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Regulation | 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 OptionWeb and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $200 at OptionWeb). Neither broker charges withdrawal fees. Xtrade charges deposit fees; OptionWeb does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | OptionWeb | Xtrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
OptionWeb 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 | OptionWeb | Xtrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Binary, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OptionWeb and Xtrade compare. OptionWeb has a video library; Xtrade does not. OptionWeb integrates third-party research tools (Autochartist); Xtrade does not. OptionWeb scores higher overall in education and research.
| Feature | OptionWeb | 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. OptionWeb uniquely supports bank transfer and credit/debit card among the two brokers. OptionWeb scores higher on deposit and withdrawal flexibility.
| Feature | OptionWeb | 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 OptionWeb and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. OptionWeb offers multilingual support. Both brokers are comparable on support quality.
| Feature | OptionWeb | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |