Virtual Brokers
Xtrade
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Overview
Virtual Brokers was founded in 2008 and is headquartered in Canada, while Xtrade was established in 2003 and is based in Australia. Virtual Brokers holds licences including The Investment Industry Regulatory Organization of Canada (IIROC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Virtual Brokers serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $1000 at Virtual Brokers and $1 at Xtrade.
| Feature | Virtual Brokers | Xtrade |
|---|---|---|
| Min. Deposit | $1000 | $1 |
| Regulation | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Canada | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Virtual Brokers and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Virtual Brokers). Virtual Brokers charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Virtual Brokers charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Virtual Brokers | Xtrade |
|---|---|---|
| Min. Deposit | $1000 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Virtual Brokers offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Virtual Brokers | 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,Desktop,iPhone/iOS | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Virtual Brokers and Xtrade compare. Virtual Brokers runs regular live webinars; Xtrade does not. Virtual Brokers has a video library; Xtrade does not. Virtual Brokers publishes daily market commentary; Xtrade does not. Virtual Brokers integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Virtual Brokers | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Virtual Brokers uniquely supports bank transfer and credit/debit card among the two brokers. Virtual Brokers scores higher on deposit and withdrawal flexibility.
| Feature | Virtual Brokers | 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 Virtual Brokers and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Virtual Brokers offers multilingual support. Both brokers are comparable on support quality.
| Feature | Virtual Brokers | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |