profiforex corp
Xtrade
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Overview
profiforex corp was founded in 2018 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. profiforex corp holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. profiforex corp serves 30,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at profiforex corp and $1 at Xtrade.
| Feature | profiforex corp | 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-F297 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2018 | 2003 |
| Country | Cyprus | Australia |
| Clients | 30,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between profiforex corp 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 profiforex corp). Neither broker charges withdrawal fees. Xtrade charges deposit fees; profiforex corp does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | profiforex corp | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
profiforex corp 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 | profiforex corp | 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 profiforex corp and Xtrade compare. profiforex corp runs regular live webinars; Xtrade does not. profiforex corp has a video library; Xtrade does not. profiforex corp publishes daily market commentary; Xtrade does not. profiforex corp integrates third-party research tools (Trading Central); Xtrade does not. profiforex corp maintains an archive of past webinars for on-demand viewing. profiforex corp scores higher overall in education and research.
| Feature | profiforex corp | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. profiforex corp uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. profiforex corp scores higher on deposit and withdrawal flexibility.
| Feature | profiforex corp | 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 profiforex corp and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. profiforex corp offers multilingual support. Both brokers are comparable on support quality.
| Feature | profiforex corp | 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 |