Written by ForexBrokers.com
In this head to head comparison of XTB vs FXOpen, 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.
Founded in 2002, XTB is an online broker that stands out due to its status as a publicly traded company, offering transparency to its clients. With a Trust Score of 96 out of 99 by ForexBrokers.com, XTB is considered highly trusted. The company boasts two Tier-1 licenses, representing the highest level of trust, as well as two Tier-2 licenses, further establishing its reliability in the industry. Although not a bank, XTB's regulatory framework supports its position as a secure choice for investors.
Established in 2003, FXOpen, unlike XTB, is not publicly listed, which might affect the transparency expected by some users. It holds the same number of Tier-1 licenses as XTB, indicating a strong regulatory foundation. However, FXOpen's ForexBrokers.com Trust Score is 76 out of 99, placing it in the average risk category and showing fewer trusted Tier-2 licenses, with none to its name. Despite both brokers being non-banking entities, XTB's trustworthiness is reflected in its higher overall ratings compared to FXOpen’s average risk assessment.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Year Founded | 2002 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the commissions and fees of online brokers XTB and FXOpen, XTB offers a more diverse account structure, including a spread-only Standard account and a commission-based Professional account, although the latter is largely unavailable now except for specific clients in the U.K. and Europe. XTB’s pricing is consistent with industry averages, featuring average forex spreads on the EUR/USD at 1 pip. However, XTB’s pricing does not quite reach the competitive offerings of top-tier brokers. Notably, XTB's Standard account is recommendable for retail traders due to its lower cost at smaller volumes, while larger trades might find similar pricing across both account types. XTB also offers an attractive active trader discount through the Lower Spread Group where rebates ranging from 5% to 30% are provided based on trading volumes.
In contrast, detailed average spread information about FXOpen is not publicly available, making direct comparisons more challenging. Despite this, FXOpen receives a respectable rating of 4 stars for commissions and fees. In industry rankings by ForexBrokers.com, FXOpen holds a position of #44 out of 63 brokers. These factors suggest that while service is commendable, it does not quite match the cost-effectiveness demonstrated by its competitors. Meanwhile, XTB excels with a 4.5-star rating, ranking #11 out of 63 brokers, positioning it notably higher than FXOpen in terms of commissions and fees.
Overall, both XTB and FXOpen offer viable options for traders, though XTB’s competitive active trader program and more definitive pricing transparency provide an edge for those seeking reduced trading costs and greater clarity. Prospective users might favor XTB for its blend of cost-efficiency and customer reward structures, although FXOpen remains a solid choice for those prioritizing other brokerage features.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 XTB and FXOpen for their investment offerings, XTB stands out for providing a significantly wider range of options. XTB offers clients access to 7,184 tradeable symbols, including 71 forex pairs, which is a considerable step up from FXOpen's 87 tradeable symbols and 25 forex pairs. Additionally, XTB allows traders to invest in exchange-traded securities on both U.S. and international exchanges, which include popular stocks like Apple and Vodafone. In contrast, FXOpen only offers Forex and CFDs without the option to purchase real stocks or exchange-traded securities.
Both brokers provide the option to trade forex through CFDs or spot contracts and offer cryptocurrency derivatives rather than the actual digital currency. Unlike FXOpen, which facilitates copy trading, XTB does not provide this feature. In terms of overall rankings for Range of Investments, XTB is rated 5 stars and ranks 14th among 63 brokers on ForexBrokers.com, highlighting its extensive investment variety. FXOpen, with more limited offerings, is rated 3 stars and ranks 62nd, making XTB a preferable choice for traders seeking a broader spectrum of investment opportunities.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 87 |
| Forex Pairs (Total) | 71 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
XTB and FXOpen both offer simulated trading through free virtual demo accounts, allowing users to practice without financial risk. XTB shines with its proprietary trading platform that caters to Windows users and offers a web-based option for added convenience. Although it doesn't support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), XTB compensates with its extensive set of 32 charting drawing tools and the ability to trade directly from stock charts. Traders can customize watch lists with up to 8 different fields, placing XTB in a strong position with a 4.5-star rating and a #9 ranking out of 63 brokers for its trading platforms and tools.
FXOpen, on the other hand, does not have a proprietary platform but does provide integration with both MT4 and MT5, as well as offering copy trading through ZuluTrade. The platform is available for Windows and web browsers, making it accessible for a variety of users. While it offers 15 drawing tools, FXOpen supports chart-based trading and watch lists with 7 fields, allowing users to tailor their trading experience. Despite these features, FXOpen is rated slightly lower at 4 stars and ranks #53 out of 63 brokers in the category, highlighting XTB's edge in trading platforms and tools.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and FXOpen cater to iPhone and Android users with their dedicated mobile trading apps, allowing access to stock and forex markets on the go. These apps come equipped with helpful features like price alerts and the ability to draw trendlines on charts. However, neither app currently supports syncing watchlists between the mobile app and online account, so changes won’t be reflected across platforms. When it comes to technical studies, XTB provides a more comprehensive selection with 39 options, compared to FXOpen's 30. Additionally, while both brokers offer real-time quotes for watchlists, XTB stands out by automatically saving drawings on charts, a feature not available on FXOpen's app.
In terms of user satisfaction, XTB's mobile app shines with a 4.5 star rating, compared to FXOpen's 4 stars. This satisfaction is also mirrored in their industry rankings, where XTB ranks 8th out of 63 brokers for mobile trading apps according to ForexBrokers.com, significantly ahead of FXOpen, which holds the 54th position. Overall, both platforms provide solid options for mobile trading, but XTB offers additional features and convenience that might appeal more to active traders seeking a seamless experience.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both XTB and FXOpen offer daily market commentary to keep traders informed about the latest market trends. Additionally, both brokers provide forex news from reputable sources such as Bloomberg and Reuters, ensuring traders have access to essential information. However, neither XTB nor FXOpen offers technical analysis or fundamental research tools from companies like Autochartist or Trading Central, which might limit advanced traders looking for in-depth technical insights.
Where XTB distinguishes itself is with its sentiment-based trading tool, providing valuable insights into market movements by showing the ratio of long or short positions across different currency pairs. In contrast, FXOpen lacks this feature. Both brokers do offer an economic calendar to help traders stay on top of global news events. In terms of ratings, XTB stands out with a top Research rating of 5 stars and holds the #7 position among 63 brokers on ForexBrokers.com. FXOpen, however, is rated 3 stars and is ranked #63, indicating less favorable reviews in this area.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 it comes to educational resources for beginners, XTB stands out as a strong choice for those new to forex and CFD trading. XTB provides over 10 pieces of educational content, ranging from articles to videos, with a primary focus on forex and CFDs. Additionally, the broker offers monthly online webinars and maintains a searchable archive of recorded sessions, which is a great way for beginners to build their knowledge at their own pace. For those just starting out, XTB has created at least 10 educational videos specifically designed for beginners and another 10 aimed at more advanced traders. This comprehensive educational offering has earned XTB a 5-star rating in education and a ranking of 11th out of 63 brokers by ForexBrokers.com.
On the other hand, FXOpen does not currently match the educational depth provided by XTB. While they do offer an investor dictionary with definitions of over 50 investing terms, which can be particularly helpful for beginners looking to familiarize themselves with industry jargon, they lack other educational resources. FXOpen does not offer any beginner or advanced trading videos, nor do they conduct regular webinars or maintain an archive of recorded sessions. With these limitations, FXOpen received a 3-star education rating and is ranked 58th out of 63 brokers for educational resources according to ForexBrokers.com.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than FXOpen. XTB finished with an overall rank of #7, while FXOpen finished with an overall rank of #54.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 76 |
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Both XTB and FXOpen offer the ability to trade cryptocurrency derivatives but do not provide options for purchasing actual, delivered cryptocurrencies.
When comparing online brokers XTB and FXOpen, both platforms support Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, but only XTB offers PayPal, and neither supports ACH or SEPA transfers.
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 | XTB | FXOpen | |
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| Trust Score | 96 | 76 | |
| Winner | check_circle | ||
| Review | XTB Review |
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| Regulation | XTB | FXOpen | |
|---|---|---|---|
| Trust Score | 96 | 76 | |
| Year Founded | 2002 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | Yes | |
| 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) | XTB | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 87 | |
| Forex Pairs (Total) | 71 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). |
| Cost | XTB | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | XTB | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XTB | FXOpen | |
|---|---|---|---|
| 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 | XTB Review |
| Overall | XTB | FXOpen | |
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| Trust Score | 96 | 76 | |
| Winner | check_circle | ||
| Review | XTB Review |
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