Xtrade
Zacks Trade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Xtrade was founded in 2003 and is headquartered in Australia, while Zacks Trade was established in 2008 and is based in United States. Xtrade holds licences including Cyprus Securities and Exchange Commission (CySEC), while Zacks Trade is regulated by Unregulated among others. Xtrade serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $1 at Xtrade and $2500 at Zacks Trade.
| Feature | Xtrade | Zacks Trade |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 2003 | 2008 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Xtrade and Zacks Trade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. Xtrade charges deposit fees; Zacks Trade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Xtrade | Zacks Trade |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Xtrade offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Xtrade | Zacks Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Not available | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Xtrade and Zacks Trade compare. Zacks Trade runs regular live webinars; Xtrade does not. Zacks Trade has a video library; Xtrade does not. Zacks Trade publishes daily market commentary; Xtrade does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Xtrade | Zacks Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Zacks Trade uniquely supports bank transfer and credit/debit card among the two brokers. Zacks Trade scores higher on deposit and withdrawal flexibility.
| Feature | Xtrade | Zacks Trade |
|---|---|---|
| Bank Transfer | Not available | Yes |
| Credit Card | Not available | Yes |
| PayPal | Not available | No |
| Skrill | Not available | No |
| Neteller | Not available | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Xtrade and Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Zacks Trade offers multilingual support. Both brokers are comparable on support quality.
| Feature | Xtrade | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, and Chinese |