Written by ForexBrokers.com
In this head to head comparison of Xtrade vs TopFX, 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.
Xtrade and TopFX, both online brokers, provide services in the financial market, but their trust ratings and regulatory credentials differ. Xtrade, founded in 2003, and TopFX, established in 2010, are not publicly traded and neither operates as a bank. Regarding regulatory credentials, both brokers boast one Tier-1 license, aligning them with the highly trusted benchmarks set by ForexBrokers.com. However, Xtrade edges ahead with an additional Tier-2 license, which contributes to a higher Trust Score of 74, categorizing it as average risk.
In comparison, TopFX holds a Trust Score of 67, reflecting a higher risk classification. The absence of a Tier-2 license further distinguishes it from Xtrade in terms of regulatory strength. Though both brokers share commonalities, such as their non-publicly traded status, Xtrade's regulatory portfolio and higher Trust Score make it a potentially more appealing option for those placing a premium on established trust in the brokerage landscape.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Year Founded | 2003 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Xtrade and TopFX take very different approaches to pricing. Xtrade doesn’t publish average spread data, which makes its trading costs harder to gauge at a glance. That lack of transparency is reflected in its 2.5 out of 5 stars for Commissions and Fees and a ranking of #64 by ForexBrokers.com.
TopFX, by contrast, clearly outlines two pricing plans on MetaTrader and cTrader. The ZERO account is spread-only and averaged 1.03 pips on EUR/USD in July 2024. The RAW account uses tight spreads (about 0.33 pips on EUR/USD in July 2024) plus a commission of 2.75 EUR per side (5.50 EUR per round turn per standard lot). That works out to an estimated all-in cost of roughly 0.88 pips—around the industry average. The minimum deposit varies by payment method. TopFX earns 4 out of 5 stars for Commissions and Fees and is ranked #41 by ForexBrokers.com.
In short, TopFX provides clearer, easier-to-compare pricing, while Xtrade’s fees are harder to evaluate without current spread data. If costs and transparency are priorities, the details from TopFX can help you estimate what you’ll pay; if you’re considering Xtrade, ask for up-to-date spreads to make a fair comparison.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Minimum Deposit | $250 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments, both Xtrade and TopFX support forex trading (CFD/spot). TopFX offers a larger selection overall, with 655 tradeable symbols and 60 currency pairs, versus Xtrade’s 482 symbols and 56 pairs. Neither broker provides direct access to exchange traded stocks on U.S. or international exchanges, so you cannot buy actual shares such as Apple or Vodafone through either platform.
Crypto options are similar at both firms: neither sells actual cryptocurrency, but both offer crypto derivatives. A notable difference is copy trading, which is available at TopFX but not at Xtrade. Both earn 3.5 out of 5 stars for Range of Investments from ForexBrokers.com; TopFX ranks 47th out of 63 brokers, while Xtrade ranks 50th, giving TopFX a slight edge in breadth.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 482 | 655 |
| Forex Pairs (Total) | 56 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | 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.
Xtrade and TopFX both provide free demo (paper) trading and web-based platforms where you can place orders directly from charts. Xtrade offers its own proprietary platform but does not support MT4 or MT5 and does not have a Windows desktop download. TopFX, by contrast, does not have a proprietary platform but does support MetaTrader 4 (MT4), offers a Windows desktop platform, and includes copy trading.
For trading platforms and tools, Xtrade is rated 3.5 out of 5 stars and ranks 59th out of 63 brokers, while TopFX is rated 4 out of 5 stars and ranks 46th. Pick TopFX if you want MT4, copy trading, and a downloadable desktop option. Choose Xtrade if you prefer a browser-based experience with a proprietary interface and access to a free demo account. Both brokers let you trade straight from charts.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | N/A | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Choosing between Xtrade and TopFX for mobile trading? Both brokers offer iPhone and Android apps and each earns a 4-star Mobile Trading Apps rating. According to ForexBrokers.com, TopFX ranks #52 out of 63 brokers, while Xtrade ranks #54, putting them close in overall standing.
TopFX pulls ahead on features that matter day to day. It supports price alerts, 30 technical studies, drawing trendlines on charts, auto-saving those drawings, and creating watchlists with real-time quotes. Xtrade does not offer those tools, and its number of technical studies isn’t provided. Neither broker syncs watchlist symbols between the mobile app and the web platform. If you value richer charting and timely alerts on your phone, TopFX is likely the better fit; if you just need basic access on iPhone or Android, both will get the job done.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Xtrade and TopFX take different paths. Xtrade delivers daily market commentary, plus an economic calendar and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. TopFX also provides premium forex news and an economic calendar, and it stands out with third-party research tools such as Autochartist and Trading Central, along with a sentiment tool that shows long/short positioning. By contrast, Xtrade does not include Autochartist, Trading Central, or a sentiment tool. TipRanks and Acuity Trading support for TopFX isn’t specified, while Xtrade doesn’t offer either.
Based on ratings from ForexBrokers.com, Xtrade scores 3.5 out of 5 stars for Research and ranks 53rd out of 63 brokers, while TopFX earns 3 out of 5 stars and ranks 61st. Choose Xtrade if you value daily commentary alongside core news and calendar features; pick TopFX if you prefer access to well-known third-party tools and sentiment data to guide your analysis.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing Xtrade and TopFX on education, both brokers keep things fairly basic. Neither runs monthly client webinars, and each has fewer than 10 beginner videos as well as fewer than 10 advanced videos, which limits structured learning paths. Details about whether either broker offers a searchable archive of past webinars, a 50+ term investor dictionary, or a library of at least 10 forex/CFD educational pieces (articles, videos, or archived webinars) weren’t specified in the available data.
Independent ratings give Xtrade a slight edge for education: 3.5 out of 5 stars and ranked 46th of 63 brokers by ForexBrokers.com, compared with TopFX at 3 stars and ranked 62nd. If you’re a new trader seeking forex and CFD education with plenty of videos and recurring webinars, neither Xtrade nor TopFX appears to specialize in that, but between the two, Xtrade is evaluated a bit higher for learning resources.
| Feature |
Xtrade
|
TopFX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | 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 Xtrade is better than TopFX. Xtrade finished with an overall rank of #60, while TopFX finished with an overall rank of #62.
Xtrade offers forex and CFD traders its own newly updated and redesigned trading platform, yet with just below 500 symbols that you can trade and recent regulatory issues it trails behind the best forex brokers.
| Feature |
Xtrade
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 74 | 67 |
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Both Xtrade and TopFX do not offer the ability to buy actual delivered cryptocurrency, but they do allow trading in cryptocurrency derivatives.
In the Xtrade vs TopFX deposit and withdrawal comparison, both brokers do not support ACH or SEPA and both accept Skrill and bank wire transfers, TopFX additionally supports PayPal while Xtrade does not, and Visa/Mastercard availability is not specified for either.
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 | Xtrade | TopFX | |
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| Trust Score | 74 | 67 | |
| Winner | check_circle | ||
| Review | Xtrade Review | TopFX Review |
| Broker Screenshots | Xtrade | TopFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Xtrade | TopFX | |
|---|---|---|---|
| Trust Score | 74 | 67 | |
| Year Founded | 2003 | 2010 | |
| 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Xtrade | TopFX | |
|---|---|---|---|
| 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) | No | 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) | Xtrade | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Xtrade | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 482 | 655 | |
| Forex Pairs (Total) | 56 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | 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 | Xtrade | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Xtrade | TopFX | |
|---|---|---|---|
| Minimum Deposit | $250 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Xtrade | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes |
| Trading Tools | Xtrade | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | N/A | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Xtrade | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Xtrade | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Xtrade | TopFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Xtrade | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD [DELETED] | |||
| Review | Xtrade Review | TopFX Review |
| Overall | Xtrade | TopFX | |
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| Trust Score | 74 | 67 | |
| Winner | check_circle | ||
| Review | Xtrade Review | TopFX Review |
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