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TopFX vs Xtrade 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is TopFX better than Xtrade? In our analysis of 23 international regulators across 39 of the best forex brokers, TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingTopFXXtradeIG
Overall Rating3.5 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars2.5 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3 Stars5 Stars
Mobile Trading4 Stars3 Stars5 Stars
Research3 Stars3 Stars5 Stars
Education3 Stars3.5 Stars5 Stars
Trust Score678099
Winnercheck_circle
ReviewTopFX ReviewIG Review
RegulationTopFXXtradeIG
Trust Score678099
Year Founded201020031974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses017
Tier-2 Licenses122
Tier-3 Licenses011
Authorised in European UnionNoNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)TopFXXtradeIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)TopFXXtradeIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)TopFXXtradeIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoYesNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsTopFXXtradeIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)65514219537
Forex Pairs (Total)6056100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesNoYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostTopFXXtradeIG
Average Spread EUR/USD - StandardN/A-10.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A-10.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingTopFXXtradeIG
Minimum Initial DepositDepends on payment method$250ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsTopFXXtradeIG
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesNoYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesNoYes
MetaTrader 4 (MT4)YesNoYes
MetaTrader 5 (MT5)NoNoNo
cTraderYesNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsTopFXXtradeIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesNoYes
Watchlists - Total Fields7914
Charting - Indicators / Studies (Total)30N/A33
Charting - Drawing Tools (Total)151820
Charting - Trade From ChartYesNoYes
Charts can be savedYesNoYes
Mobile TradingTopFXXtradeIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesNoYes
Mobile WatchlistYesNoYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies30N/A33
Mobile Charting - Draw TrendlinesYesNoYes
Mobile Charting - Multiple Time FramesYesNoYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesNoYes
ResearchTopFXXtradeIG
Daily Market CommentaryNoYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistYesNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationTopFXXtradeIG
Has Education - Forex or CFDsNoYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)NoNoYes
Videos - Beginner Trading VideosNoNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsTopFXXtradeIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewTopFX ReviewIG Review
OverallTopFXXtradeIG
Overall Rating3.5 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars2.5 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3 Stars5 Stars
Mobile Trading4 Stars3 Stars5 Stars
Research3 Stars3 Stars5 Stars
Education3 Stars3.5 Stars5 Stars
Trust Score678099
Winnercheck_circle
ReviewTopFX ReviewIG Review
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TopFX vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TopFX vs Xtrade.

Does TopFX or Xtrade offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is TopFX or Xtrade safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Xtrade holds 1 global Tier-1 licenses, while TopFX holds 0. Xtrade holds 2 global Tier-2 licenses, while TopFX holds 1. In our analysis of 23 international regulators across 50 brokers, Xtrade earned a higher Trust Score than TopFX.

Which trading platform is better: TopFX or Xtrade?

To compare the trading platforms of both TopFX and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, TopFX offers traders access to 655 CFDs while Xtrade has 142 available CFDs, a difference of 513.

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Is Xtrade good?

Xtrade offers a proprietary platform and holds an increasing number of regulatory licenses, but with less than 200 available symbols it just can't compete with the best forex brokers.

Overall winner: IG

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