XGLOBAL Markets
Xtrade
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Overview
XGLOBAL Markets was founded in 2008 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. XGLOBAL Markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $500 at XGLOBAL Markets and $1 at Xtrade.
| Feature | XGLOBAL Markets | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between XGLOBAL 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 $500 at XGLOBAL Markets). XGLOBAL Markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. XGLOBAL Markets charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | XGLOBAL Markets | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
XGLOBAL Markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | XGLOBAL 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 | Desktop,iOS,Android | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how XGLOBAL Markets and Xtrade compare. XGLOBAL Markets has a video library; Xtrade does not. XGLOBAL Markets integrates third-party research tools (Autochartist); Xtrade does not. XGLOBAL Markets scores higher overall in education and research.
| Feature | XGLOBAL Markets | 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. XGLOBAL Markets uniquely supports bank transfer and credit/debit card among the two brokers. XGLOBAL Markets scores higher on deposit and withdrawal flexibility.
| Feature | XGLOBAL Markets | 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 XGLOBAL Markets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. XGLOBAL Markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | XGLOBAL Markets | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |