WIT Invest
Xtrade
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Overview
WIT Invest was founded in 2008 and is headquartered in Saint Vincent and the Grenadines, while Xtrade was established in 2003 and is based in Australia. WIT Invest holds licences including Unregulated, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. WIT Invest serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at WIT Invest and $1 at Xtrade.
| Feature | WIT Invest | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Saint Vincent and the Grenadines | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between WIT Invest 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 WIT Invest). Neither broker charges withdrawal fees. WIT Invest charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | WIT Invest | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
WIT Invest offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. WIT Invest supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | WIT Invest | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop, Tablet & Mobile apps,Mac | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how WIT Invest and Xtrade compare. WIT Invest runs regular live webinars; Xtrade does not. WIT Invest has a video library; Xtrade does not. WIT Invest publishes daily market commentary; Xtrade does not. WIT Invest integrates third-party research tools (Trading Central); Xtrade does not. WIT Invest maintains an archive of past webinars for on-demand viewing. WIT Invest scores higher overall in education and research.
| Feature | WIT Invest | 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. WIT Invest uniquely supports bank transfer and credit/debit card among the two brokers. WIT Invest scores higher on deposit and withdrawal flexibility.
| Feature | WIT Invest | 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 WIT Invest and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. WIT Invest offers multilingual support. Both brokers are comparable on support quality.
| Feature | WIT Invest | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |