swiss markets
Xtrade
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Overview
swiss markets was founded in 2012 and is headquartered in USA, while Xtrade was established in 2003 and is based in Australia. swiss markets holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. swiss markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at swiss markets and $1 at Xtrade.
| Feature | swiss markets | 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-F315 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2003 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between swiss markets 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 swiss markets). swiss markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. swiss markets applies inactivity fees on dormant accounts; Xtrade does not. swiss markets charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | swiss markets | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
swiss markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. swiss markets supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | swiss markets | 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, 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 swiss markets and Xtrade compare. swiss markets runs regular live webinars; Xtrade does not. swiss markets has a video library; Xtrade does not. swiss markets publishes daily market commentary; Xtrade does not. swiss markets integrates third-party research tools (Trading Central); Xtrade does not. swiss markets maintains an archive of past webinars for on-demand viewing. swiss markets scores higher overall in education and research.
| Feature | swiss markets | 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. swiss markets uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. swiss markets scores higher on deposit and withdrawal flexibility.
| Feature | swiss markets | 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 swiss markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. swiss markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | swiss markets | 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 |