the share centre
Xtrade
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Overview
the share centre was founded in 2019 and is headquartered in Bulgaria, while Xtrade was established in 2003 and is based in Australia. the share centre holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. the share centre serves 60,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at the share centre and $1 at Xtrade.
| Feature | the share centre | 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-F322 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2019 | 2003 |
| Country | Bulgaria | Australia |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between the share centre 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 the share centre). the share centre charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. the share centre applies inactivity fees on dormant accounts; Xtrade does not. the share centre charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | the share centre | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
the share centre offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. the share centre supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | the share centre | 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 the share centre and Xtrade compare. the share centre has a video library; Xtrade does not. the share centre integrates third-party research tools (Autochartist); Xtrade does not. the share centre scores higher overall in education and research.
| Feature | the share centre | 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. the share centre uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. the share centre scores higher on deposit and withdrawal flexibility.
| Feature | the share centre | 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 the share centre and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. the share centre offers multilingual support. Both brokers are comparable on support quality.
| Feature | the share centre | 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 |