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 |
If you’re comparing commissions and fees between FXOpen and Xtrade, keep in mind that average spread data isn’t available for either broker, so a direct spread-to-spread check isn’t possible. Still, third-party ratings point to clearer cost differences.
FXOpen is rated 4 out of 5 stars for commissions and fees and is ranked #45 by ForexBrokers.com in this category, signaling stronger pricing appeal than many peers and an edge over Xtrade.
Xtrade is rated 2.5 out of 5 stars for commissions and fees and is ranked #64 by ForexBrokers.com. With no average spread figures published, its lower rating suggests weaker pricing competitiveness compared to FXOpen.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FXOpen vs Xtrade for range of investments, Xtrade offers a wider selection overall. Xtrade lists 482 tradeable symbols and 56 forex pairs, while FXOpen has 87 symbols and 25 forex pairs. Both brokers support forex trading via CFDs or spot contracts. You can trade cryptocurrency CFDs at both, but neither lets you buy actual crypto or exchange-traded shares on U.S. or international stock exchanges.
One key difference is copy trading: FXOpen offers it, Xtrade does not. For ratings, Xtrade earns 3.5 stars and ranks #50 out of 63 brokers for Range of Investments, while FXOpen holds 3 stars and ranks #63. Choose Xtrade if you want more markets to pick from; choose FXOpen if you value copy trading within a simpler lineup.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 482 |
| Forex Pairs (Total) | 25 | 56 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FXOpen and Xtrade both provide a free paper trading demo account. When it comes to trading platforms and tools, FXOpen focuses on popular third‑party choices: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with a Windows desktop download and a web-based platform. FXOpen also offers copy trading and the ability to place trades directly from charts. Xtrade takes a different route with a proprietary, in-house web platform that supports trading from charts, but it does not offer a Windows desktop download, copy trading, or MT4/MT5.
For Trading Platforms and Tools, FXOpen is rated 4 stars and ranks #54 out of 63 brokers by ForexBrokers.com, while Xtrade is rated 3.5 stars and ranks #59. The number of built-in technical indicators and watch list columns was not provided for either broker. In short, traders who want MT4/MT5, copy trading, and a downloadable Windows platform may lean toward FXOpen, while those who prefer a streamlined proprietary web platform may find Xtrade a better fit.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXOpen and Xtrade both provide mobile trading apps for iPhone and Android, each earning 4 out of 5 stars. In ForexBrokers.com’s Mobile Trading Apps category, Xtrade ranks #54 out of 63 brokers, while FXOpen ranks #55, placing them close in overall standing.
Feature-wise, FXOpen pulls ahead: it supports price alerts, includes 30 technical studies for charting, and lets you draw trendlines. Xtrade does not offer price alerts, does not support trendline drawing, and its number of technical studies is not available. Neither broker syncs mobile watchlists with the online account, and neither app auto-saves chart drawings. If you value alerts and stronger chart tools on the go, FXOpen may fit better; if rankings matter more than features, Xtrade has the slight edge.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
FXOpen and Xtrade both provide the basics most traders look for in research. Each offers daily market commentary, an economic calendar for upcoming events, and streaming forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Neither broker includes Autochartist, Trading Central, or a sentiment tool showing long vs. short positioning. FXOpen does not list TipRanks or Acuity Trading tools; Xtrade also does not include TipRanks or Acuity Trading.
On performance, Xtrade has the edge for research with a 3.5-star rating versus FXOpen’s 3 stars. ForexBrokers.com ranks FXOpen 64th for research and Xtrade 53rd. If you want dependable news and calendar coverage, both will do the job; if ratings and editorial depth matter more, Xtrade is the stronger pick. Traders who need advanced third‑party analytics or sentiment data may need to consider alternatives.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing FXOpen vs Xtrade for beginner education: neither broker hosts monthly client webinars, and neither offers at least 10 beginner-focused video lessons. The same is true for advanced videos—both fall short of a 10-video library—so newcomers who prefer video-based learning or live classes will find limited choices at either broker. The data provided does not state whether either broker meets the 10-piece minimum for forex and CFD education libraries.
Based on ForexBrokers.com, FXOpen earns 3 out of 5 stars for Education and ranks #59 out of 63 brokers, while Xtrade scores 3.5 out of 5 stars and ranks #46. This edge suggests Xtrade delivers a somewhat stronger overall education experience for new traders, though in both cases you may want to supplement with outside tutorials or courses.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 76 | 74 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In an FXOpen vs Xtrade comparison for cryptocurrency trading, neither broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
In the FXOpen vs Xtrade comparison for deposit and withdrawal methods, neither broker supports ACH/SEPA or PayPal, both support Skrill and bank wire transfers, and availability of Visa/Mastercard is not specified for either.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FXOpen | Xtrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 76 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | FXOpen | Xtrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXOpen | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 482 | |
| Forex Pairs (Total) | 25 | 56 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FXOpen | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | FXOpen | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FXOpen | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | Xtrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | FXOpen | Xtrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Xtrade Review |
| Overall | FXOpen | Xtrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 76 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
