Skilling
Xtrade
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Overview
Skilling was founded in 2016 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. Skilling serves 5,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Skilling and $1 at Xtrade.
| Feature | Skilling | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2003 |
| Country | Cyprus | Australia |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Skilling and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Skilling). Neither broker charges withdrawal fees. Xtrade charges deposit fees; Skilling does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Skilling | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Skilling offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Skilling supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Skilling | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Skilling and Xtrade compare. Skilling runs regular live webinars; Xtrade does not. Skilling has a video library; Xtrade does not. Skilling publishes daily market commentary; Xtrade does not. Skilling integrates third-party research tools (Trading Central); Xtrade does not. Skilling maintains an archive of past webinars for on-demand viewing. Skilling scores higher overall in education and research.
| Feature | Skilling | 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. Skilling uniquely supports bank transfer and credit/debit card among the two brokers. Skilling scores higher on deposit and withdrawal flexibility.
| Feature | Skilling | 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 Skilling and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Skilling offers multilingual support. Both brokers are comparable on support quality.
| Feature | Skilling | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |