Virtual Brokers
XGLOBAL Markets
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Overview
Virtual Brokers was founded in 2008 and is headquartered in Canada, while XGLOBAL Markets was established in 2008 and is based in Cyprus. Virtual Brokers holds licences including The Investment Industry Regulatory Organization of Canada (IIROC), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Virtual Brokers serves 10,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $1000 at Virtual Brokers and $500 at XGLOBAL Markets.
| Feature | Virtual Brokers | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $1000 | $500 |
| Regulation | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2008 |
| Country | Canada | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Virtual Brokers and XGLOBAL Markets, directly affecting your bottom line as a trader. Virtual Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $500 at XGLOBAL Markets). Both brokers charge withdrawal fees. Virtual Brokers charges deposit fees; XGLOBAL Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Virtual Brokers | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $1000 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Virtual Brokers offers MT4, MT5, cTrader, while XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which XGLOBAL Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Virtual Brokers | XGLOBAL Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,Desktop,iPhone/iOS | Desktop,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Virtual Brokers and XGLOBAL Markets compare. Virtual Brokers runs regular live webinars; XGLOBAL Markets does not. Both provide video tutorials. Virtual Brokers publishes daily market commentary; XGLOBAL Markets does not. Both integrate third-party research tools. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Virtual Brokers | XGLOBAL Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Virtual Brokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while XGLOBAL Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Virtual Brokers | XGLOBAL Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Virtual Brokers and XGLOBAL Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Virtual Brokers | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |