Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing online brokers FxPro and Xtrade, understanding their regulatory standing is crucial for traders seeking a secure platform. FxPro, established in 2006, stands out with a high Trust Score of 93, reflecting a high level of trust. As a bank, FxPro holds two Tier-1 licenses, which are highly trusted, and one Tier-2 license, adding another layer of assurance for their clients. In contrast, Xtrade, founded in 2003, has a Trust Score of 74, indicating average risk. The company is not a bank and manages to secure one Tier-1 license and one Tier-2 license, providing a standard level of trustworthiness for its users.
Neither FxPro nor Xtrade is publicly traded, meaning they are not listed on any stock exchange. This regulatory comparison highlights FxPro's stronger position in terms of trust and reliability. FxPro’s high Trust Score and multiple Tier-1 licenses suggest they offer a safer trading environment compared to Xtrade, which holds fewer regulatory approvals and a lower trust rating. For traders looking to prioritize security and trust, FxPro emerges as the more favorable choice.
| Feature |
FxPro
|
Xtrade
|
|---|---|---|
| Year Founded | 2006 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing commissions and fees between FxPro and Xtrade, FxPro's pricing stands out as more complex but generally higher than the industry average. FxPro rates a commendable 4 out of 5 stars in this category, ranking #32 out of 63 brokers, while Xtrade lags significantly with a 2.5-star rating and occupies the last position at #63. FxPro offers a diverse range of trading platforms including MT4, MT5, and cTrader. The cTrader platform boasts the most competitive spreads, with the effective spread for trading the EUR/USD pair at approximately 1.27 pips. This figure is derived from FxPro’s average spread and includes a commission-equivalent of 0.9 pips.
On the other hand, specific average spread data for Xtrade is unavailable, making a direct comparison challenging. FxPro provides a variable spread model for MT4 and MT5 users with additional execution options; the EUR/USD spreads are 1.58 pips for market execution accounts on MT4 (1.51 on MT5) and 1.71 pips for instant execution. It should be noted that on cTrader, there is no minimum distance requirement for stop and limit orders, offering traders more flexibility than on MetaTrader, where a 1 pip distance is required. While FxPro provides an Active Trader program with discounts up to 30%, it still does not surpass more competitive offerings from leading brokers in the field.
In conclusion, while FxPro offers numerous options and competitive pricing structures on certain platforms, its complex fee system and higher average costs place it at a disadvantage compared to some top industry peers. Xtrade's lack of transparency in spread data and lower rating highlight it as a less attractive choice for those focused on minimizing trading costs. Traders seeking clearer pricing and competitive spreads may find better options with brokers who rank higher in the commissions and fees category.
| Feature |
FxPro
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 FxPro and Xtrade for their range of investment options, both platforms provide forex trading through CFDs and allow for the trading of cryptocurrency derivatives. However, FxPro stands out with a substantially higher number of tradeable symbols, offering 2249 compared to Xtrade's 482. Forex enthusiasts might appreciate FxPro's 70 available forex pairs, slightly surpassing Xtrade's offering of 56 pairs. Additionally, FxPro provides access to exchange-traded securities on international exchanges, something not offered by Xtrade. Both brokers do not facilitate the purchase of actual cryptocurrencies or U.S. exchange-traded securities.
FxPro further differentiates itself by including copy trading features, an option not available with Xtrade. With a rating of 4 stars for its range of investments, FxPro is ranked higher at #28 by ForexBrokers.com compared to Xtrade's #49 ranking and 3.5-star rating. Overall, FxPro presents a broader scope of investment opportunities, making it a potentially more appealing choice for those seeking diverse trading avenues.
| Feature |
FxPro
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 482 |
| Forex Pairs (Total) | 70 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and Xtrade both offer traders the opportunity to utilize a free virtual demo account, making them accessible for beginners looking to practice trading strategies without any financial risk. Each broker provides a unique in-house developed trading platform, catering to different user preferences. FxPro supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular platforms known for their comprehensive trading tools, whereas Xtrade does not. Furthermore, while FxPro offers a Windows-based desktop download, Xtrade lacks this feature, relying solely on a web-based option for trading. Both brokers have web-based platforms, enabling trading directly from a browser.
FxPro stands out with its copy trading feature, which Xtrade does not provide. For charting, FxPro offers 25 drawing tools compared to Xtrade's 100, but both allow trading directly from a stock chart. When considering watch lists, Xtrade offers nine columns for customization, whereas FxPro includes six. Despite Xtrade's higher number of drawing tools and customizable columns, FxPro is rated higher with 4 stars compared to Xtrade's 3.5 stars for their trading platforms and tools. This is further reflected in their rankings from ForexBrokers.com, where FxPro is ranked at #17 out of 63 brokers, significantly ahead of Xtrade's #58 position.
| Feature |
FxPro
|
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) | 53 | N/A |
| Charting - Drawing Tools (Total) | 25 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, FxPro and Xtrade both offer platforms compatible with iPhone and Android devices. However, the user experience and features diverge significantly between the two brokers. FxPro shines with its comprehensive set of tools, providing users with stock and forex price alerts, extensive charting capabilities with 65 technical studies, and the ability to draw trendlines. Additionally, users can seamlessly sync watchlists between their mobile app and online account. FxPro’s app also stands out for offering real-time quotes in a customizable watchlist, automatically saving chart drawings, and giving access to various time frames to cater to different trading strategies.
On the other hand, Xtrade’s mobile app lacks several advanced functionalities offered by FxPro. Notably, Xtrade does not provide price alerts, charting features like drawing tools or time frame customization, or watchlist symbol syncing with the online account, limiting its appeal to more advanced traders. While Xtrade’s platform is user-friendly for beginners, it doesn’t match the depth of features found in FxPro, evident in its ForexBrokers.com rank of 53 out of 63 compared to FxPro’s 15th place. In terms of ratings, FxPro slightly edges out Xtrade with a 4.5-star rating compared to Xtrade’s 4 stars, reflecting its superior offerings for mobile traders seeking a more dynamic and feature-rich app experience.
| Feature |
FxPro
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and Xtrade for market research tools, both brokers provide essential features like daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. However, FxPro stands out by offering a wider range of tools, including access to Trading Central's technical analysis services and a sentiment-based trading tool that displays long or short position ratios across various instruments. Additionally, both platforms offer an economic calendar to track global news events, ensuring traders are informed of upcoming important economic announcements.
Despite similarities in some offerings, such as the absence of research tools from Autochartist and TipRanks, FxPro holds a slight edge with its more comprehensive suite of analysis tools. This advantage is reflected in its higher research rating of 4 stars compared to Xtrade's 3.5 stars. Furthermore, according to ForexBrokers.com, FxPro is ranked 26th out of 63 brokers in the Research category, while Xtrade is positioned lower at 52nd. These rankings highlight FxPro's stronger emphasis on providing valuable research resources for its clients.
| Feature |
FxPro
|
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.
Both FxPro and Xtrade offer educational resources for those diving into forex and CFD trading. FxPro stands out with its comprehensive library, including over 10 beginner-friendly educational videos and a searchable archive of previously recorded webinars. Although neither broker hosts monthly webinars, FxPro provides an investor dictionary with definitions of more than 50 investing terms, enhancing its educational appeal. Meanwhile, Xtrade also meets the minimum requirement of 10 educational pieces but falls short in providing video content specifically tailored for beginners, and it lacks a searchable archive of past webinars.
When it comes to overall educational value, FxPro leads with a 4-star rating, whereas Xtrade holds a slightly lower score of 3.5 stars. According to ForexBrokers.com, FxPro ranks 18th out of 63 brokers in the Education category, showcasing its dedication to providing quality learning tools. In contrast, Xtrade is ranked 46th, indicating room for improvement in delivering beginner-oriented content. If you're a new trader seeking in-depth resources, FxPro offers a more extensive selection for building your foundational knowledge in trading.
| Feature |
FxPro
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | 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 FxPro is better than Xtrade. FxPro finished with an overall rank of #21, while Xtrade finished with an overall rank of #60.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 74 |
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Both FxPro and Xtrade do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
FxPro stands out as a more versatile online broker compared to Xtrade, offering a wider range of funding options by supporting ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires for both deposits and withdrawals, while Xtrade offers Skrill, Visa, Mastercard, and bank wires only.
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 | FxPro | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | FxPro Review | Xtrade Review |
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| Regulation | FxPro | Xtrade | |
|---|---|---|---|
| Trust Score | 93 | 74 | |
| Year Founded | 2006 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | 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) | FxPro | 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) | FxPro | 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 | FxPro | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 482 | |
| Forex Pairs (Total) | 70 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| 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 | Yes | No |
| Trading Platforms | FxPro | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 53 | N/A | |
| Charting - Drawing Tools (Total) | 25 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | 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 | FxPro | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | Xtrade Review |
| Overall | FxPro | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | FxPro Review | Xtrade Review |
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