Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex and Xtrade are both online brokers that have been established for several years, with Spreadex founded in 1999 and Xtrade in 2003. Neither of them is publicly traded or operates as a bank. When it comes to regulatory compliance, both brokers maintain a Tier-1 license, indicating a high level of trust. However, Xtrade goes a step further by holding an additional Tier-2 license, suggesting an extra layer of credibility in the eyes of regulatory bodies.
As per ForexBrokers.com's Trust Score, Spreadex is marked as average risk with a score of 71, whereas Xtrade edges out slightly better with a score of 74. This slight difference in trust ratings is noteworthy as it reflects Xtrade's additional regulatory compliance. While both platforms have similarities in their foundational aspects and regulatory standing, Xtrade's extra Tier-2 license might offer a bit more reassurance for users prioritizing regulatory oversight.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
When comparing the commissions and fees of Spreadex and Xtrade, Spreadex stands out with transparent and competitive pricing details. In January 2024, Spreadex offered an average spread of 0.81 pips for EUR/USD, with the minimum spread of 0.6 pips available 60% of the time. This level of transparency and consistency in pricing earns Spreadex a commendable rating of 4 stars for commissions and fees, ranking it 27th out of 63 brokers according to ForexBrokers.com.
On the other hand, Xtrade does not provide average spread data, making it challenging for traders to gauge its pricing competitiveness accurately. The lack of transparency in its fee structure and spread information results in a lower rating of 2.5 stars for commissions and fees. In terms of ranking, Xtrade is placed at the bottom, positioned 63rd out of 63 brokers on ForexBrokers.com.
In summary, if you're seeking a broker with clear and competitive spread information, Spreadex is the better option with its higher rating and more favorable position compared to Xtrade. Investors who prioritize cost transparency may find more value in Spreadex's offerings.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.81 | 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) | 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 comparing the range of investments offered by Spreadex and Xtrade, both platforms provide forex trading as CFDs or spot contracts. Spreadex, however, takes a significant lead in the number of tradeable symbols with an impressive offering of 10,000 compared to Xtrade's 482. Although Xtrade slightly edges out Spreadex in available forex pairs, offering 56 compared to Spreadex's 52, Spreadex still secures a higher overall rating in the range of investments. It achieves a 5-star rating and ranks 13th out of 63 brokers by ForexBrokers.com. In contrast, Xtrade garners a 3.5-star rating and is positioned at 49th place.
Neither Spreadex nor Xtrade provides access to exchange-traded securities on U.S. or international exchanges, nor do they offer copy trading or allow clients to purchase actual cryptocurrency. However, both brokers enable their clients to engage in cryptocurrency derivatives trading. Spreadex's extensive range of tradeable instruments and strong rating underline its appeal to investors seeking a broader array of investment opportunities compared to what Xtrade offers.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 482 |
| Forex Pairs (Total) | 52 | 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.
When comparing the trading platforms and tools of online brokers Spreadex and Xtrade, both offer unique advantages suited to different trader preferences. Both brokers provide simulated trading through free virtual demo accounts, allowing new users to practice strategies risk-free. They each feature proprietary platforms developed in-house and offer web-based trading interfaces that can be accessed through any browser. However, neither broker supports popular trading software like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), nor do they facilitate copy trading or partnerships with platforms like DupliTrade or ZuluTrade. When it comes to charting, Spreadex provides only 11 drawing tools, whereas Xtrade offers a more extensive selection of 100 drawing tools, providing greater flexibility in technical analysis.
Despite the disparity in charting tools, Spreadex allows trading directly from stock charts and organizes watch lists with 8 columns, slightly fewer compared to Xtrade's 9 columns. In terms of user ratings, Spreadex scores a respectable 4 stars for its trading platforms and tools, positioning it at #46 out of 63 brokers according to ForexBrokers.com. This contrasts with Xtrade, which garners a 3.5-star rating and ranks at #58. This suggests that while both platforms are capable, users may find a more favorable experience with Spreadex's trading tools compared to Xtrade, particularly in terms of overall ease and accessibility.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | 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) | 58 | N/A |
| Charting - Drawing Tools (Total) | 11 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and Xtrade provide mobile trading apps for iPhone and Android users, offering a convenient way to trade on the go. However, Spreadex stands out by offering features like stock and forex price alerts, whereas Xtrade does not support this feature. Also, Spreadex allows users to draw trendlines and offers the ability to view multiple time frames on charts, something Xtrade lacks. Both platforms do not support syncing of watchlists across devices, nor do their apps auto-save chart drawings. Importantly, Spreadex allows the creation of watchlists with real-time quotes, while Xtrade does not.
In terms of user ratings, both Spreadex and Xtrade receive a solid 4-star rating for their mobile trading apps. Nevertheless, Spreadex ranks higher at 46 out of 63 brokers compared to Xtrade's position at 53, as per ForexBrokers.com. While neither platform offers a comprehensive array of technical studies within their apps, Spreadex's additional features may make it a more attractive choice for those needing a mobile trading platform with greater functionality.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Spreadex and Xtrade, both brokers provide daily market commentary, ensuring traders can keep up with the latest trends. They also deliver forex news from top-tier sources like Bloomberg and Reuters, giving investors timely and credible information. Spreadex stands out by offering technical analysis tools powered by Autochartist, which Xtrade lacks. Both brokers do not provide tools from Trading Central or market insights from TipRanks and Acuity Trading.
Spreadex further enhances its research capabilities with a sentiment-based trading tool, showing the ratio of long and short positions across various instruments—a feature Xtrade does not offer. Moreover, both Spreadex and Xtrade include comprehensive economic calendars to track global events. Overall, Spreadex is rated with 4 stars for research, ranking #31 out of 63 brokers, whereas Xtrade receives 3.5 stars, placing it at #52 in the same category, indicating a more favorable research experience with Spreadex.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 comparing the educational resources available for beginners between online brokers Spreadex and Xtrade, both companies offer a solid foundation for those new to forex or CFD trading. Spreadex provides a wealth of educational materials, including more than 10 pieces focused on forex and CFDs. This is further complemented by at least 10 beginner-focused videos to help new traders navigate trading concepts with ease. Spreadex also includes a comprehensive investor dictionary with over 50 terms to enhance the educational experience. Despite this rich collection, it doesn’t offer client webinars or advanced video content. Overall, Spreadex is rated 4 stars for its educational offerings and ranks 45th among 63 brokers in this category according to ForexBrokers.com.
On the other hand, Xtrade also meets the minimum threshold by offering at least 10 educational pieces centered on forex and CFDs, alongside an investor dictionary similar in scope to Spreadex. However, Xtrade does not offer as many beginner-specific videos, nor does it provide webinars or advanced content, which somewhat limits its appeal to new traders seeking diverse learning formats. Consequently, Xtrade garners a slightly lower rating of 3.5 stars for education and is ranked 46th out of 63 brokers by ForexBrokers.com. While both brokers cater to beginners with useful resources, Spreadex edges out Xtrade in terms of providing more targeted educational content for newcomers.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | 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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than Xtrade. Spreadex finished with an overall rank of #39, while Xtrade finished with an overall rank of #60.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 74 |
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Both Spreadex and Xtrade do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to trade cryptocurrency derivatives.
When comparing online brokers Spreadex and Xtrade, neither offers ACH or SEPA transfers, nor PayPal for funding accounts, but they both support Visa or Mastercard and bank wire options, with Xtrade additionally offering Skrill for deposits and withdrawals, unlike Spreadex.
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 | Spreadex | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Xtrade Review |
| Broker Screenshots | Spreadex | Xtrade | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
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| Regulation | Spreadex | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | Spreadex | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 482 | |
| Forex Pairs (Total) | 52 | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | No | No |
| Trading Platforms | Spreadex | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | 9 | |
| Charting - Indicators / Studies (Total) | 58 | N/A | |
| Charting - Drawing Tools (Total) | 11 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Spreadex | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Spreadex | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | 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) | Yes | Yes |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | Xtrade Review |
| Overall | Spreadex | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Xtrade Review |
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