Written by ForexBrokers.com
In this head to head comparison of FXGT.com 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.
FXGT.com and Xtrade, both global online brokers, vary in their establishment and trust levels. Founded in 2019, FXGT.com has quickly gained recognition with its strategic regulatory compliance, holding one Tier-1 and one Tier-2 license. Despite its relatively recent debut, FXGT.com is backed by a ForexBrokers.com Trust Score of 69, placing it in the high-risk category, yet it still maintains a noteworthy presence in the trading community.
In contrast, Xtrade, with its inception dating back to 2003, stands firmly as a seasoned player in the online brokerage world. Like FXGT.com, Xtrade also boasts one Tier-1 and one Tier-2 license, signaling its commitment to regulatory standards. However, its longer-standing foundation in the market has earned it a ForexBrokers.com Trust Score of 74, classifying it as an average risk broker. Neither broker is publicly traded or operates as a bank, reflecting their focused business models centered on trading services.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Year Founded | 2019 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When considering FXGT.com for trading, it's important to understand its position regarding commissions and fees. Unfortunately, average spread data is not available, making it difficult to fully gauge its pricing structure. FXGT.com is rated 3.5 out of 5 stars for commissions and fees, reflecting a moderate level of fees compared to other brokers. In the ranking of 63 brokers by ForexBrokers.com, FXGT.com holds the 56th position in the Commissions and Fees category.
On the other hand, Xtrade provides an overview of its commissions and fees although average spread data is also not available. Xtrade's fee structures might not be as competitive, with a rating of 2.5 stars out of 5 for its commissions and fees. This is reflected in its lower ranking, as Xtrade is positioned at 63rd out of 63 brokers evaluated by ForexBrokers.com for the Commissions and Fees category.
In summary, FXGT.com generally offers better rates than Xtrade, holding higher ratings and ranking, though the specifics of their pricing models remain unclear due to the lack of available spread data. Traders should consider these ratings and rankings when deciding between the two brokers, weighing the potential costs they might incur during trading.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $5 | $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 | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the range of investments offered by FXGT.com and Xtrade, both platforms provide opportunities to trade forex through CFDs, giving users flexibility in the financial markets. FXGT.com offers 117 tradeable symbols, including 53 forex pairs, while Xtrade provides a broader selection with 482 tradeable symbols and 56 forex pairs. Neither platform facilitates purchasing exchange-traded securities on U.S. or international exchanges, focusing instead on CFD and derivative trading options.
Though both brokers offer cryptocurrency derivatives rather than the direct purchase of digital coins, FXGT.com distinguishes itself by offering copy trading services, which Xtrade does not. In terms of customer ratings and expert rankings, FXGT.com scores 3 stars for its range of investments, compared to Xtrade's 3.5 stars. Furthermore, FXGT.com is ranked #61 by ForexBrokers.com, while Xtrade holds a better position at #49, reflecting a slight edge in their investment offerings.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 482 |
| Forex Pairs (Total) | 53 | 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.
When choosing between FXGT.com and Xtrade for trading platforms and tools, there are distinct differences to consider. FXGT.com caters to traders seeking flexibility with both MetaTrader 4 and MetaTrader 5, along with a Windows-based desktop platform and web-based access. Traders can also benefit from copy trading and a comprehensive set of 23 drawing tools for in-depth charting analysis. FXGT.com's free virtual demo account allows users to practice trading strategies risk-free. With direct trading from stock charts and five watch list columns, FXGT.com focuses on user-friendly interface and flexibility, garnering a 4-star rating for its trading platforms and tools.
On the other hand, Xtrade stands out with a proprietary platform that provides a unique trading experience, primarily through its web-based platform. While it does not support MetaTrader or copy trading, Xtrade impresses with an extensive array of 100 drawing tools, offering a rich visual trading environment. Additionally, Xtrade allows trading directly from stock charts and offers nine watch list columns, providing detailed insight into market trends. With the ability to practice on a free virtual demo account, Xtrade offers a competent platform, earning a 3.5-star rating. Ranked #58 by ForexBrokers.com, Xtrade provides a solid, though less feature-dense option compared to FXGT.com, which holds a slightly higher ranking at #56.
| Feature |
FXGT.com
|
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 | No | No |
| Charting - Indicators / Studies (Total) | 37 | N/A |
| Charting - Drawing Tools (Total) | 23 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXGT.com and Xtrade, both platforms provide essential features for iPhone and Android users. FXGT.com offers the advantage of stock and forex price alerts, which is not available with Xtrade. Additionally, FXGT.com ensures seamless watchlist sync between the mobile app and online account, allowing users to conveniently keep track of their investments across devices, a feature that Xtrade lacks. Charting enthusiasts will appreciate FXGT.com's offering of 30 technical studies, trendline drawing capabilities, and multiple time frame views, alongside auto-saving drawings. In contrast, Xtrade does not support these advanced chart features.
In real-time updates, FXGT.com provides the ability to create watchlists with live quotes, whereas Xtrade does not. Despite FXGT.com's comprehensive tools, user ratings paint a different picture. FXGT.com's mobile app holds a 3.5-star rating and ranks #58 out of 63 brokers according to ForexBrokers.com. Meanwhile, Xtrade, even without the advanced features, is rated higher at 4 stars and secures a slightly better ranking of #53. These ratings suggest user satisfaction may vary significantly based on individual preferences and needs in mobile app functionality.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | 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 | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing FXGT.com and Xtrade for market research offerings, several distinctions become apparent. Xtrade stands out by providing daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, giving it an edge for traders seeking timely insights and updates. FXGT.com, however, compensates with a sentiment-based trading tool that displays the proportion of long and short positions in various instruments, a feature Xtrade lacks. Both brokers offer an economic calendar to keep traders informed about global economic events, albeit some advanced research tools from providers like Autochartist and Trading Central are unavailable on both platforms.
Despite their differences, both brokers earn similar research ratings, with FXGT.com receiving 3 stars and Xtrade slightly higher at 3.5 stars. In terms of industry rankings by ForexBrokers.com, Xtrade is positioned marginally better, ranked 52nd out of 63 brokers, compared to FXGT.com's 56th place. Both platforms have unique strengths, with Xtrade favored for its comprehensive market news access, while FXGT.com offers valuable sentiment analysis tools for informed decision-making.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | 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 the educational resources available for beginners, FXGT.com and Xtrade both fall short of offering a wide array of learning options. FXGT.com does not provide a minimum of 10 educational pieces focused on forex or CFDs, such as articles or videos, and the same goes for Xtrade. Moreover, neither broker hosts regular monthly webinars or maintains a searchable archive of past webinar recordings. Additionally, both platforms are lacking in beginner-specific and advanced trading videos.
However, both FXGT.com and Xtrade do offer an investor dictionary containing definitions for at least 50 investing terms, which can aid beginners in understanding trading jargon. Based on ratings, Xtrade slightly edges out FXGT.com with 3.5 stars compared to 3 stars for educational content. According to ForexBrokers.com, FXGT.com is ranked #60 out of 63 brokers for education, while Xtrade holds a better position at #46. Although neither offers a comprehensive suite of educational tools, Xtrade appears to provide a marginally better learning experience overall.
| Feature |
FXGT.com
|
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 FXGT.com is better than Xtrade. FXGT.com finished with an overall rank of #59, while Xtrade finished with an overall rank of #60.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 74 |
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Both FXGT.com and Xtrade provide the option to buy cryptocurrency derivatives, but neither platform allows for the purchase of actual (delivered) cryptocurrencies.
In comparing online brokers FXGT.com and Xtrade, FXGT.com supports ACH or SEPA transfers, Visa or Mastercard, and bank wires but lacks Skrill and PayPal options, whereas Xtrade also accepts Visa or Mastercard, bank wires, and uniquely offers Skrill but does not accommodate ACH, SEPA transfers, or PayPal for deposits or withdrawals.
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 | FXGT.com | Xtrade | |
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| Trust Score | 69 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | FXGT.com | Xtrade | |
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| Regulation | FXGT.com | Xtrade | |
|---|---|---|---|
| Trust Score | 69 | 74 | |
| Year Founded | 2019 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | 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) | 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) | FXGT.com | 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 | FXGT.com | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 482 | |
| Forex Pairs (Total) | 53 | 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 | FXGT.com | 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 | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXGT.com | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $5 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FXGT.com | 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 | No | No |
| Trading Tools | FXGT.com | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 5 | 9 | |
| Charting - Indicators / Studies (Total) | 37 | N/A | |
| Charting - Drawing Tools (Total) | 23 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXGT.com | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | 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 | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FXGT.com | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | 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 | FXGT.com | 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 | FXGT.com | Xtrade | |
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| Trust Score | 69 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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