Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen and Xtrade are both online brokers established in 2003, each with a solid presence in the trading industry, though they are not publicly traded companies nor banks. When evaluating their trustworthiness, FXOpen holds a slight edge with a ForexBrokers.com Trust Score of 76, indicating an average risk level. This is slightly higher than Xtrade’s Trust Score of 74. Both brokers have managed to secure highly trusted Tier-1 licenses, with FXOpen holding two and Xtrade holding one, showcasing their commitment to maintaining high regulatory standards.
Xtrade balances its regulatory standing with one Tier-2 license, considered trusted according to ForexBrokers.com, compared to none for FXOpen. This difference in their regulatory profiles may influence traders looking for specific security and trust measures. Ultimately, both brokers are similarly positioned in terms of risk, while each maintains distinct regulatory credentials, allowing potential customers to choose based on their personal preferences for security and trust.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Year Founded | 2003 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When considering online brokerage options, FXOpen and Xtrade differ significantly in their commissions and fees structures. Although precise details about average spread data are unavailable for both brokers, some insights can still be drawn from available ratings and rankings. FXOpen receives a commendable 4-star rating for its commissions and fees, placing it at a respectable position of 44th out of 63 brokers reviewed by ForexBrokers.com. This suggests that FXOpen provides a competitive pricing structure relative to many other brokers.
In contrast, Xtrade is rated significantly lower, with a 2.5-star rating for its commissions and fees. This sees it ranked at the bottom, 63rd out of 63 brokers according to ForexBrokers.com. This low rating indicates that Xtrade's fee structure may not be as favorable, potentially affecting traders who are particularly cost-sensitive.
In summary, for traders primarily focused on minimizing commissions and fees, FXOpen appears to be a more attractive choice in comparison to Xtrade. The higher rating and better ranking support the notion that FXOpen may offer more cost-effective trading solutions.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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 FXOpen to Xtrade in terms of their range of investments, a notable difference lies in the variety of tradeable symbols and forex pairs offered. FXOpen provides access to 87 tradeable symbols, including 25 forex pairs, while Xtrade boasts a broader selection with 482 tradeable symbols and 56 forex pairs. Both platforms allow for forex trading through CFDs or spot contracts, but neither offer exchange-traded securities on U.S. or international exchanges, such as shares in Apple or Vodafone.
FXOpen and Xtrade both facilitate trading of cryptocurrency derivatives, yet they do not allow for the purchase of actual cryptocurrencies. A unique feature of FXOpen is its copy trading service, which is unavailable at Xtrade. Both brokers have similar ratings for the range of investments; however, Xtrade receives a slightly higher rating with 3.5 stars compared to FXOpen's 3 stars. In rankings, Xtrade is positioned at #49 out of 63 brokers by ForexBrokers.com, while FXOpen is ranked at #62, emphasizing Xtrade's broader investment range.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 482 |
| Forex Pairs (Total) | 25 | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing FXOpen and Xtrade in terms of their trading platforms and tools, there are distinct differences that cater to different trader needs. Both brokers offer a simulated trading experience through free virtual demo accounts, allowing users to practice and refine their strategies without financial risk. Though FXOpen does not provide a proprietary platform, it makes up for it with compatibility to popular platforms like MetaTrader 4 and MetaTrader 5, alongside a Windows-based desktop platform and a browser-based option. In contrast, Xtrade focuses on its proprietary platform, which is web-based, but does not include MetaTrader compatibility. FXOpen enhances its offering with copy trading and ZuluTrade availability, broadening trading strategies for users, while Xtrade lacks these options.
Charting tools and functionalities also highlight the contrasts between the brokers. FXOpen provides 15 drawing tools and allows trading directly from stock charts, supported by a customizable watch list with 7 columns. Conversely, Xtrade offers a more extensive selection of 100 drawing tools and 9 columns for watch lists, making it particularly suitable for intricate chart analysis. However, these advantages do not offset its absence of familiar trading platforms like MetaTrader. Ratings from ForexBrokers.com reflect these differences, with FXOpen receiving 4 out of 5 stars and ranking 53rd out of 63 brokers, while Xtrade scores slightly lower with 3.5 stars and holds the 58th position, indicating a broader acceptance of FXOpen's varied platform offerings.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading app features of FXOpen and Xtrade, both brokers offer apps for iPhone and Android users, ensuring easy access for traders on the go. FXOpen edges out Xtrade by offering stock or forex price alerts, which Xtrade lacks. Also, FXOpen provides an impressive 30 technical studies for its charting capabilities, while Xtrade doesn't specify the number of studies available. FXOpen's app allows users to draw trendlines on charts and view multiple time frames like daily, weekly, or intraday, providing enhanced chart interaction. Unfortunately, neither FXOpen nor Xtrade supports watchlist symbol syncing or auto-saving chart drawings, which may be a drawback for some traders.
Both brokers receive a similar rating of 4 stars for their mobile trading apps. However, FXOpen allows the creation of watchlists with real-time quotes, a feature not available on Xtrade's app. In terms of rankings provided by ForexBrokers.com, Xtrade slightly surpasses FXOpen, coming in at #53 compared to FXOpen's #54 out of 63 brokers. While these differences may seem subtle, FXOpen offers more advanced charting features, making it a preferable choice for those who rely heavily on technical analysis.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 FXOpen and Xtrade for market research offerings, both platforms provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, both brokers lack specialized technical and fundamental analysis tools from providers such as Autochartist and Trading Central. Additionally, neither FXOpen nor Xtrade offers sentiment-based trading tools or research capabilities from companies like TipRanks or Acuity Trading. Yet, users of both platforms benefit from having an economic calendar that highlights key global economic events, assisting traders in making informed decisions.
In terms of research quality, Xtrade slightly outshines FXOpen with a research rating of 3.5 out of 5 stars compared to FXOpen’s 3 stars. According to ForexBrokers.com, Xtrade ranks 52nd out of 63 brokers in the Research category, while FXOpen holds the 63rd position. Overall, while both brokers deliver essential market insights, Xtrade offers a marginally more favorable research experience.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FXOpen and Xtrade for their educational offerings to beginners, both online brokers have areas of improvement. FXOpen does not provide a collection of educational resources specifically for forex or CFDs, offering less than ten articles or videos on the subject. Similarly, Xtrade is limited in delivering regular learning materials like monthly webinars; however, unlike FXOpen, Xtrade does offer a substantial collection of educational content focused on forex and CFDs that beginners can explore.
Neither FXOpen nor Xtrade includes a library of recorded webinars or a significant number of videos aimed at beginner or advanced traders. However, both brokers support traders with an investor dictionary containing over 50 definitions of investing terms, which can be helpful for novices. FXOpen receives a rating of 3 out of 5 stars for education, ranking 58th in a listing of 63 brokers by ForexBrokers.com. In contrast, Xtrade slightly edges ahead with a 3.5-star rating and is ranked 46th on the same list.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 FXOpen is better than Xtrade. FXOpen finished with an overall rank of #54, while Xtrade finished with an overall rank of #60.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 74 |
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FXOpen and Xtrade both do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
FXOpen and Xtrade both provide options for account funding and withdrawals through Skrill, Visa or Mastercard, and bank wires, but neither offers ACH, SEPA transfers, or PayPal as payment methods.
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 | FXOpen | Xtrade | |
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| Trust Score | 76 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | FXOpen | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | FXOpen | Xtrade | |
|---|---|---|---|
| Trust Score | 76 | 74 | |
| Year Founded | 2003 | 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | Xtrade | |
|---|---|---|---|
| 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 | 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) | FXOpen | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXOpen | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 482 | |
| Forex Pairs (Total) | 25 | 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). |
| Cost | FXOpen | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | FXOpen | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No |
| Trading Tools | FXOpen | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXOpen | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | FXOpen | Xtrade | |
|---|---|---|---|
| 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXOpen | 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 | Xtrade Review |
| Overall | FXOpen | Xtrade | |
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| Trust Score | 76 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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