Written by ForexBrokers.com
In this head to head comparison of iFOREX 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 iFOREX and Xtrade, several key points highlight their similarities and differences in terms of trust and regulatory standings. iFOREX, established in 1996, holds a single Tier-1 license, marking it as a company with a strong regulatory standing according to ForexBrokers.com. It is not publicly traded and doesn’t operate as a bank, resulting in a Trust Score of 75, which suggests an average risk level. Xtrade, on the other hand, was founded in 2003 and also carries one Tier-1 license, alongside an additional Tier-2 license. Despite this, Xtrade's Trust Score is slightly lower at 74, indicating a similar average risk assessment.
Neither iFOREX nor Xtrade is listed on a stock exchange, and both are non-bank entities. These factors are essential for potential investors looking for solid and regulated platforms. While both brokers provide a secure environment due to holding Tier-1 licenses, it is noteworthy that Xtrade slightly edges out with an extra Tier-2 license. Despite these regulatory credentials, both brokers fall within the average risk category, making them comparable options for online trading. However, prospective users should consider these trust scores and regulatory details to make an informed decision based on their individual risk tolerance and trading needs.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing iFOREX and Xtrade on commissions and fees is tricky because average spread data is not available for either broker, making a direct cost matchup difficult. That said, based on ForexBrokers.com’s ratings, iFOREX scores 3 out of 5 stars for commissions and fees, while Xtrade scores 2.5 out of 5 stars.
Rankings reinforce this gap: iFOREX is placed #62 out of 63 brokers for the Commissions and Fees category on ForexBrokers.com, whereas Xtrade is ranked #64 out of 63. With no published average spreads to reference, prospective traders should review each broker’s pricing pages and look for any additional costs (such as financing, inactivity, or funding fees) to decide which platform may offer better overall value.
| Feature |
iFOREX
|
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) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Comparing iFOREX vs Xtrade for range of investments: both let you trade forex (CFDs/spot). iFOREX lists 750 tradeable symbols and 88 currency pairs, while Xtrade offers 482 symbols and 56 pairs. On ForexBrokers.com, each earns 3.5 out of 5 stars for Range of Investments; iFOREX is ranked 42nd out of 63 brokers and Xtrade is 50th.
Neither broker provides exchange-traded stocks on U.S. or international markets—you trade through CFDs instead of owning shares. Both support cryptocurrency CFDs but not actual delivered crypto, and neither offers copy trading. If having more markets and more forex pairs matters, iFOREX has the wider selection; if your needs are simpler, Xtrade’s lineup can still cover the essentials.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 482 |
| Forex Pairs (Total) | 88 | 56 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | 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). | 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.
Comparing iFOREX vs Xtrade for trading platforms and tools: both brokers use proprietary, browser-based platforms and do not offer a Windows desktop download. Neither supports MetaTrader 4 (MT4) or MetaTrader 5 (MT5), and copy trading isn’t available. Xtrade does provide a free demo (paper) account for practice, while iFOREX does not. Both platforms let you place trades directly from charts, which can help speed up order entry.
For performance and ratings, iFOREX scores 4 stars for Trading Platforms and Tools and ranks #55 out of 63 brokers at ForexBrokers.com, while Xtrade scores 3.5 stars and ranks #59. Choose iFOREX if you want the higher-rated web trading platform; pick Xtrade if a virtual demo account is important for learning and testing strategies.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 57 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing iFOREX vs Xtrade for mobile trading, both brokers offer apps for iPhone and Android. However, neither app includes stock or forex price alerts, and neither supports watchlist syncing between the mobile app and your online account—so changes made in one place won’t carry over to the other.
Charting details are limited: the number of technical studies isn’t specified for either app, trendline drawing isn’t available, and drawings do not auto-save. Both apps are rated 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s rankings, iFOREX is #56 out of 63 brokers and Xtrade is #54, giving Xtrade a slight edge in this category.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research at iFOREX and Xtrade: both brokers provide daily market commentary and an economic calendar, and each holds a 3.5-star research rating. In ForexBrokers.com’s Research category, iFOREX ranks #49 out of 63 brokers, while Xtrade ranks #53. iFOREX stands out for offering Trading Central tools and a sentiment indicator that shows the ratio of long vs. short positions. Xtrade, on the other hand, delivers forex news from major outlets like Bloomberg, Reuters, or Dow Jones—coverage that iFOREX does not provide.
Neither broker includes Autochartist. Xtrade does not offer TipRanks or Acuity Trading tools, while availability of these at iFOREX is not specified. In short, choose iFOREX if you value Trading Central and sentiment data, or pick Xtrade if you prioritize built-in news from top-tier sources.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing beginner education at online brokers iFOREX and Xtrade: iFOREX supplies at least 10 beginner-friendly videos that explain core forex and CFD trading topics, while Xtrade does not reach that volume for beginners. Neither broker hosts monthly educational webinars, and neither lists 10 or more advanced-level videos, so seasoned traders may find limited depth.
For overall education, both earn 3.5 out of 5 stars, but ForexBrokers.com ranks Xtrade #46 of 63 and iFOREX #53 of 63 in the Education category. If you want a library of beginner videos, iFOREX is the better fit; if you care more about a slightly higher education ranking, Xtrade has the edge.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | 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 iFOREX is better than Xtrade. iFOREX finished with an overall rank of #52, while Xtrade finished with an overall rank of #60.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
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Xtrade
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|---|---|---|
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| Trust Score | 75 | 74 |
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Comparing online brokers iFOREX vs Xtrade: neither supports buying actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.
iFOREX vs Xtrade: both online brokers do not support ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options is not specified.
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 | iFOREX | Xtrade | |
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| Trust Score | 75 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | iFOREX | Xtrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| Regulation | iFOREX | Xtrade | |
|---|---|---|---|
| Trust Score | 75 | 74 | |
| Year Founded | 1996 | 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | 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) | iFOREX | 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 | iFOREX | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 482 | |
| Forex Pairs (Total) | 88 | 56 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | 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). | 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 | iFOREX | Xtrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | iFOREX | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | iFOREX | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | iFOREX | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | No | |
| Charting - Indicators / Studies (Total) | 57 | N/A | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | iFOREX | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | No | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | No | No |
| Research | iFOREX | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | Xtrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | iFOREX | 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 | iFOREX | Xtrade | |
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| Trust Score | 75 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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