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 | 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 | No | 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.
iFOREX and Xtrade both let you trade forex via CFDs/spot and offer a mix of CFDs across markets. iFOREX lists 750 tradeable symbols with 88 forex pairs, while Xtrade offers 482 symbols with 56 pairs. Neither broker lets you buy exchange-traded stocks directly in the U.S. or abroad (no real shares), and neither supports copy trading. For crypto, both brokers provide derivatives, but you can’t buy actual coins.
For range of investments, both earn 3.5 out of 5 stars, yet iFOREX has the wider selection and more currency pairs. In category rankings from ForexBrokers.com, iFOREX places 42nd of 63 brokers and Xtrade 50th, which reflects iFOREX’s broader catalog. If you want more symbols and pairs, iFOREX edges ahead; if you’re fine with a smaller lineup focused on the basics, Xtrade may suffice.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 482 |
| Forex Pairs (Total) | 88 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
iFOREX vs Xtrade: both brokers offer proprietary, web-based trading platforms and let you place orders directly from charts. Neither provides a Windows desktop download, MetaTrader 4 (MT4) or MetaTrader 5 (MT5), copy trading, DupliTrade, or ZuluTrade. A key difference is practice trading—iFOREX does not offer a free demo (paper) account, while Xtrade does. For Trading Platforms and Tools, iFOREX is rated 4/5 stars and ranked #55 out of 63 brokers by ForexBrokers.com; Xtrade is rated 3.5/5 stars and ranked #59.
Charting features show some separation: the number of technical indicators is not specified for either broker, but iFOREX lists 25 drawing tools versus Xtrade’s 100. Both support watchlists with 9 columns (fields). If you want a browser-based platform built in-house, both fit the bill—pick Xtrade if you need a demo account to practice, or iFOREX if the slightly higher platform/tools rating is your priority.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | N/A |
| Charting - Drawing Tools (Total) | 25 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both iFOREX and Xtrade offer mobile trading apps for iPhone and Android, making it easy to manage positions on the go. However, their feature sets are very basic. Neither app provides price alerts, syncing of watchlists with your web account, or the ability to create watchlists with real-time quotes. Charting is also limited in both apps: there are no listed technical studies, no trendline drawing, no option to switch between multiple time frames (such as daily, weekly, or intraday), and no auto-saving of chart annotations.
In terms of third-party evaluations, both brokers earned 4 out of 5 stars for Mobile Trading Apps. Xtrade holds a slight edge in category ranking from ForexBrokers.com, coming in at #54 out of 63 brokers, while iFOREX is ranked #56 out of 63. If you need a straightforward iPhone or Android trading app and don’t rely on alerts, advanced charting tools, or synced watchlists, either iFOREX or Xtrade can work, with Xtrade having a marginally higher placement in the rankings.
| Feature |
iFOREX
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | No | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | 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 | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
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
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 75 | 74 |
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Both iFOREX and Xtrade do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options to buy cryptocurrency derivatives.
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.
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/Central Bank 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | iFOREX | 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 | iFOREX | 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 | No | No |
| Trading Platforms | iFOREX | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | 9 | 9 | |
| Charting - Indicators / Studies (Total) | 57 | N/A | |
| Charting - Drawing Tools (Total) | 25 | 100 | |
| 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 Alerts - Basic Fields | No | No | |
| Mobile Watchlist | No | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | No | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | iFOREX | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | iFOREX | 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 | iFOREX | Xtrade | |
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| Trust Score | 75 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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