Written by ForexBrokers.com
In this head to head comparison of easyMarkets vs Xtrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
easyMarkets and Xtrade are two online brokers that offer trading platforms for investors. Established in 2001, easyMarkets is slightly older than Xtrade, which was founded in 2003. Neither of these companies is publicly traded nor operates as a bank. Both brokers hold significant licenses, with easyMarkets boasting two Tier-1 licenses, indicating a high level of trust, while Xtrade holds one. They each have one Tier-2 license, further establishing their credibility in the industry.
When it comes to trust ratings, easyMarkets receives a Trust Score of 84 from ForexBrokers.com, categorizing it as trusted. In comparison, Xtrade receives a Trust Score of 74, positioning it within the average risk category. These scores provide prospective investors with a useful snapshot of the reliability and security each broker offers.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Year Founded | 2001 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to comparing easyMarkets and Xtrade based on their commissions and fees, easyMarkets takes a slight edge. easyMarkets offers fixed spreads of 0.8 pips for EUR/USD when using its own platform or TradingView. However, if you opt for MT4, the spreads are notably higher at 1.7 pips for the Standard account, with the VIP account offering a more competitive rate of 0.7 pips. Meanwhile, MT5 users can benefit from variable spreads starting from 0.7 pips.
In contrast, Xtrade falls behind because specific average spread data isn't readily available, which can leave potential customers in the dark about potential costs. This lack of transparency makes it challenging for traders to predict their trading expenses accurately. As a result, Xtrade scores lower on the commission and fees front, with customers possibly facing unexpected fees.
As reviewed by ForexBrokers.com, easyMarkets earns an average rating of 3.5 stars for its commissions and fees, ranking it #52 out of 63 brokers. Despite the competitive edge in some areas, it still leaves room for improvement, particularly when compared to industry leaders. Meanwhile, Xtrade receives a lower rating of 2.5 stars, ranking at #63. This bottom-tier positioning highlights its relatively lesser appeal in terms of cost-effectiveness for traders.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $25 | $250 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the available range of investments offered by easyMarkets and Xtrade, both platforms cater to forex traders by providing forex trading as CFDs. easyMarkets presents traders with a selection of 230 tradeable symbols and offers 63 forex pairs, slightly ahead of Xtrade’s 56. However, Xtrade edges out easyMarkets with a broader offering of 482 tradeable symbols. Interestingly, neither broker provides access to exchange-traded securities on both U.S. and international exchanges, meaning traders looking to buy shares directly from these markets won't find that option with either provider.
In terms of additional features, easyMarkets distinguishes itself by offering copy trading, a service not available on Xtrade, allowing users to mimic successful traders' strategies. Both platforms allow speculative trading on cryptocurrency derivatives, though they do not offer the ability to purchase actual cryptocurrencies. Despite these nuances, both brokers are evenly matched in the broader investment category; easyMarkets and Xtrade both receive a 3.5-star rating for their Range of Investments, with rankings of 54th and 49th respectively on ForexBrokers.com. This suggests that while they offer competitive choices, there are other brokers potentially offering a more extensive range of investment opportunities.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 482 |
| Forex Pairs (Total) | 63 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both easyMarkets and Xtrade offer simulated trading, allowing users to practice trading with a free virtual demo account. easyMarkets distinguishes itself by providing a downloadable trading platform for Windows, a feature Xtrade lacks. Both brokers offer web-based platforms and have developed their proprietary platforms in-house, catering to users who prioritize a unique trading experience. However, only easyMarkets supports copy trading, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), providing traders with more options to customize their trading activities and follow experienced traders' strategies.
When it comes to charting tools, Xtrade surpasses easyMarkets with 100 drawing tools compared to easyMarkets' 30. Despite that, easyMarkets allows trading directly from a stock chart and provides extensive watch list customization with eight columns, slightly fewer than Xtrade's nine. Overall, easyMarkets received a higher rating of 4 stars for its trading platforms and tools, versus Xtrade's 3.5 stars. This is further reflected in their rankings by ForexBrokers.com, with easyMarkets ranked 35th and Xtrade 58th out of 63 brokers, making easyMarkets a more favorable choice for traders who prioritize diverse trading options and platform flexibility.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | N/A |
| Charting - Drawing Tools (Total) | 30 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between easyMarkets and Xtrade for mobile trading, both brokers offer iPhone and Android apps. However, easyMarkets stands out with its advanced features. easyMarkets allows users to sync their watchlist symbols with their online account, making it convenient to manage watchlists across platforms. In contrast, Xtrade does not provide this feature. For charting enthusiasts, easyMarkets offers 81 technical studies and the ability to draw trendlines on forex or stock charts, whereas Xtrade lacks both. Additionally, easyMarkets supports multiple time frames for chart analysis, unlike Xtrade. Both apps do not support stock or forex price alerts, nor do they auto-save chart drawings.
While easyMarkets enables the creation of watchlists with real-time quotes, Xtrade does not offer this functionality. Both platforms share a four-star rating for mobile trading apps. However, easyMarkets ranks higher at #30 out of 63 brokers according to ForexBrokers.com, compared to Xtrade's position at #53. This ranking combined with easyMarkets' additional features suggest it may be a better choice for traders who seek advanced charting options and greater ease in managing their account on mobile devices.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of easyMarkets and Xtrade, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. easyMarkets shines with its inclusion of Trading Central tools, offering additional technical analytics that Xtrade does not provide. Furthermore, easyMarkets stands out with a sentiment-based trading tool, giving traders a unique insight into market dynamics which is unavailable with Xtrade. However, both brokers fall short in offering tools from Autochartist and research from TipRanks or Acuity Trading.
Both easyMarkets and Xtrade provide economic calendars that help traders stay informed about important global events. Despite their differences, both brokers receive the same research rating of 3.5 stars out of 5. In terms of ranking, easyMarkets slightly edges out Xtrade, securing the 43rd spot among 63 brokers, while Xtrade is ranked at 52. This comparative edge suggests that easyMarkets might offer a slightly more comprehensive research experience for traders seeking more depth in their market analysis tools.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners between easyMarkets and Xtrade, both online brokers provide a substantial foundation in forex and CFDs with a minimum of 10 educational pieces. easyMarkets not only provides basic educational materials but also enriches its offering with monthly online client webinars. These sessions are a valuable opportunity for learners to engage and ask questions in a real-time learning environment. Moreover, easyMarkets maintains a searchable archive of recorded webinars, making it easy for users to revisit past sessions whenever they need a refresher. For those just starting with trading, easyMarkets presents over 10 beginner-focused educational videos, making it a strong choice for newcomers eager to gain a comprehensive understanding of trading.
Xtrade, while providing foundational educational content, falls short in comparison to easyMarkets when it comes to the variety and accessibility of their resources. They do not offer monthly webinars or an archive of past sessions, which could be a limitation for those who prefer a more interactive learning style. Additionally, Xtrade lacks a significant number of beginner and advanced educational videos, which can be crucial for learners wanting to delve deeper into trading strategies and market analysis. That said, both platforms do offer an investor dictionary with definitions of at least 50 investing terms, serving as a useful tool for clarifying complex jargon. Ultimately, easyMarkets edges ahead in the rank for educational offerings, positioned at #39 versus Xtrade's #46, according to ForexBrokers.com rankings. Despite their lower tutorials and training rank, both brokers share an equal education star rating of 3.5 out of 5.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that easyMarkets is better than Xtrade. easyMarkets finished with an overall rank of #42, while Xtrade finished with an overall rank of #60.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 74 |
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Both easyMarkets and Xtrade do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives instead.
When comparing the deposit and withdrawal options between easyMarkets and Xtrade, easyMarkets stands out by providing ACH or SEPA transfers, which Xtrade does not, while both brokers support Skrill, Visa or Mastercard, and bank wire transactions, but neither offers PayPal as a payment method.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | easyMarkets | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Xtrade Review |
| Broker Screenshots | easyMarkets | Xtrade | |
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| Regulation | easyMarkets | Xtrade | |
|---|---|---|---|
| Trust Score | 84 | 74 | |
| Year Founded | 2001 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | easyMarkets | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 482 | |
| Forex Pairs (Total) | 63 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | easyMarkets | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $25 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | easyMarkets | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | easyMarkets | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | 9 | |
| Charting - Indicators / Studies (Total) | 15 | N/A | |
| Charting - Drawing Tools (Total) | 30 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | easyMarkets | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | easyMarkets | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | easyMarkets | Xtrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | easyMarkets Review | Xtrade Review |
| Overall | easyMarkets | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Xtrade Review |
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