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iFOREX vs Xtrade 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

iFOREX
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 75
  • Tradeable Symbols (Total): 750
Xtrade
3.5/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 74
  • Tradeable Symbols (Total): 482

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.

Regulation

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 doesnโ€™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 logoiFOREX
Xtrade logoXtrade
Year Founded info 1996 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 1 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing iFOREX and Xtrade in terms of commissions and fees, users will find distinct differences between the two online brokers. iFOREX, ranked #61 out of 63 brokers by ForexBrokers.com, is given a rating of 3 stars for its commissions and fees. While specific average spread data isn't available, iFOREX offers a generally acceptable structure for traders seeking to manage their costs effectively.

On the other hand, Xtrade receives a slightly lower 2.5-star rating for commissions and fees and is positioned at #63 in the ForexBrokers.com ranking. Although like iFOREX, Xtrade doesn't provide specific average spread data, the relative ranking suggests that Xtrade may have higher costs or less favorable fee arrangements compared to iFOREX in the eyes of ForexBrokers.comโ€™s evaluation criteria.

In conclusion, while both iFOREX and Xtrade might have similar offerings in terms of available spread data, iFOREX appears to be a more favorable option for traders concerned about commissions and fees, according to the rankings and star ratings, making it potentially less costly than Xtrade in this particular category.

Feature iFOREX logoiFOREX
Xtrade logoXtrade
Minimum Deposit info $100 $250
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the investment offerings of iFOREX and Xtrade, both online brokers provide opportunities for forex trading as CFDs or spot contracts. iFOREX takes a lead with a broader selection, boasting 750 tradeable symbols, including 88 forex pairs, compared to Xtrade's 482 symbols and 56 forex pairs. However, neither platform offers exchange-traded securities on U.S. or international exchanges, meaning you cannot purchase stocks such as Apple or Vodafone directly through these brokers.

For those interested in cryptocurrency, both iFOREX and Xtrade offer cryptocurrency derivatives, though neither provides the option to buy actual cryptocurrencies. When it comes to innovative trading options like copy trading, both platforms fall short, as they do not offer this feature. With identical ratings of 3.5 stars for their range of investments, iFOREX and Xtrade have different rankings by ForexBrokers.com, standing at #41 and #49, respectively, out of 63 assessed brokers. This suggests a slight edge for iFOREX in terms of variety and flexibility in their offerings.

Feature iFOREX logoiFOREX
Xtrade logoXtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 750 482
Forex Pairs (Total) info 88 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info No No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing the trading platforms and tools of iFOREX and Xtrade, there are several key differences to consider. Both brokers offer proprietary, web-based trading platforms but lack downloadable options for Windows and popular platforms like MetaTrader 4 and 5. While neither broker supports copy trading, iFOREX provides a more focused trading experience with 25 drawing tools and the capability to trade directly from stock charts. However, Xtrade surpasses iFOREX with a wider range of 100 drawing tools and also allows trading directly from stock charts. Both brokers offer the same number of watchlist fields, so the choice comes down to your specific needs in charting and tools.

A significant distinction between the two is the availability of a simulated trading option; only Xtrade offers a free virtual demo account. This feature can be a valuable asset for beginners looking to practice trading without financial risk. In terms of overall ratings, iFOREX scores slightly higher with four stars compared to Xtrade's 3.5 stars for their trading platforms and tools. With rankings of #54 and #58 respectively out of 63 brokers by ForexBrokers.com, iFOREX holds a modest edge over Xtrade, potentially appealing to those prioritizing platform reliability and consistency.

Feature iFOREX logoiFOREX
Xtrade logoXtrade
Virtual Trading (Demo) info No Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No No
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info No No
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 57 N/A
Charting - Drawing Tools (Total) info 25 100
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 9 9
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both iFOREX and Xtrade offer mobile apps for iPhone and Android, making them accessible for traders on the go. Despite offering essential features, neither app provides stock or forex price alerts, watchlist syncing, or the ability to draw trendlines on charts. The apps also lack functionalities like viewing multiple time frames on charts, auto-saving chart drawings, and creating real-time quote watchlists. As such, traders searching for a seamless, feature-rich experience might find these options limited in comparison to other platforms.

When it comes to ratings, iFOREX and Xtrade each receive a respectable 4 out of 5 stars for their mobile trading apps. However, their standing among 63 brokers, as ranked by ForexBrokers.com, positions them at #55 for iFOREX and slightly higher at #53 for Xtrade. This ranking can guide those weighing platform strengths and weaknesses, although the lack of several modern conveniences might sway decision-makers seeking advanced mobile trading capabilities.

Feature iFOREX logoiFOREX
Xtrade logoXtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info No No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info N/A N/A
Mobile Charting - Draw Trendlines info No No
Mobile Charting - Multiple Time Frames info No No
Mobile Charting - Drawings Autosave info No No
Mobile Watchlist info No No

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research offerings, both iFOREX and Xtrade provide daily market commentary, keeping traders informed with timely insights. However, Xtrade edges ahead with its provision of forex news from renowned sources like Bloomberg and Reuters. iFOREX, on the other hand, garners an advantage by offering tools from Trading Central, providing users with valuable technical analytics, and by featuring a sentiment-based trading tool, which shows the ratio of long or short positions across currency pairs or other instruments.

Furthermore, both brokers offer an economic calendar to help traders stay updated on global economic events. Despite these offerings, neither broker provides research tools from Autochartist, Acuity Trading, or market research from TipRanks. In terms of overall research ratings, both iFOREX and Xtrade receive 3.5 out of five stars. However, in the ForexBrokers.com research rankings, iFOREX is placed slightly higher at #48, while Xtrade follows at #52. This comparison helps traders choose the broker that aligns best with their market research needs.

Feature iFOREX logoiFOREX
Xtrade logoXtrade
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, iFOREX and Xtrade offer distinct features. iFOREX provides a variety of educational videos specifically designed for beginners, ensuring that newcomers can dive into the basics of trading without too much hassle. However, it falls short in delivering a broader range of educational materials such as articles, videos, and webinars concentrating on forex or CFDs. On the other hand, Xtrade stands out by offering more than ten educational pieces on these subjects, making it a better resource for those looking to expand their understanding in this area. Yet, Xtrade does not provide beginner-focused educational videos, which might be a drawback for those who prefer a visual learning method at the beginner level.

Despite not hosting monthly webinars or offering archives of past sessions, Xtrade compensates to some extent with an impressive investor dictionary containing definitions of over 50 investing terms. This feature is absent in iFOREX, which means that iFOREX users might find themselves at a slight disadvantage when it comes to understanding complex terminologies. While both brokers have received a 3.5-star rating for their educational offerings, their rankings by ForexBrokers.com differ, with Xtrade taking the #46 spot, slightly ahead of iFOREX, which is ranked at #53. This indicates that while each platform has its strengths, Xtrade might have a slight edge in offering a more comprehensive educational experience for novice traders.

Feature iFOREX logoiFOREX
Xtrade logoXtrade
Education (Forex or CFDs) info No Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 #59.

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 logoiFOREX
Xtrade logoXtrade
Overall Rating info 3.5/5 Stars 3.5/5 Stars
Trust Score info 75 74
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with iFOREX or Xtrade?

Both iFOREX and Xtrade do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options to buy cryptocurrency derivatives.

What funding options does each broker offer?

Comparing deposit and withdrawal options, iFOREX supports PayPal, Skrill, Visa/Mastercard, and bank wires but not ACH or SEPA transfers, while Xtrade offers Skrill, Visa/Mastercard, and bank wires, yet lacks support for PayPal, ACH, or SEPA transfers.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
Overall Rating iFOREX Xtrade
Overall Rating info 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score info 75 74
Winner check_circle
Review Xtrade Review
Broker Screenshots iFOREX Xtrade
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation iFOREX Xtrade
Trust Score info 75 74
Year Founded info 1996 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 1 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) iFOREX Xtrade
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) iFOREX Xtrade
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments iFOREX Xtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 750 482
Forex Pairs (Total) info 88 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info No No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding iFOREX Xtrade
Minimum Deposit info $100 $250
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms iFOREX Xtrade
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No No
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info No No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools iFOREX Xtrade
Virtual Trading (Demo) info No Yes
Alerts - Basic Fields info No No
Watchlists - Total Fields info 9 9
Charting - Indicators / Studies (Total) info 57 N/A
Charting - Drawing Tools (Total) info 25 100
Charting - Trade From Chart info Yes Yes
Charts can be saved info No No
Mobile Trading iFOREX Xtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info No No
Mobile Watchlist info No No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info N/A N/A
Mobile Charting - Draw Trendlines info No No
Mobile Charting - Multiple Time Frames info No No
Mobile Charting - Drawings Autosave info No No
Mobile Economic Calendar info No No
Research iFOREX Xtrade
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education iFOREX Xtrade
Education (Forex or CFDs) info No Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs iFOREX Xtrade
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Xtrade Review
Overall iFOREX Xtrade
Overall Rating info 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score info 75 74
Winner check_circle
Review Xtrade Review
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