SpreadCo
Xtrade
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Overview
SpreadCo was founded in 2005 and is headquartered in London, while Xtrade was established in 2003 and is based in Australia. SpreadCo holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. SpreadCo serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at SpreadCo and $1 at Xtrade.
| Feature | SpreadCo | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2005 | 2003 |
| Country | London | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between SpreadCo 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 SpreadCo). SpreadCo charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. SpreadCo charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | SpreadCo | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
SpreadCo offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. SpreadCo supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | SpreadCo | 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, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how SpreadCo and Xtrade compare. SpreadCo has a video library; Xtrade does not. SpreadCo integrates third-party research tools (Autochartist); Xtrade does not. SpreadCo scores higher overall in education and research.
| Feature | SpreadCo | 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. SpreadCo uniquely supports bank transfer and credit/debit card among the two brokers. SpreadCo scores higher on deposit and withdrawal flexibility.
| Feature | SpreadCo | 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 SpreadCo and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. SpreadCo offers multilingual support. Both brokers are comparable on support quality.
| Feature | SpreadCo | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |