FXOpen vs XTB Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FXOpen and XTB
| Broker | FXOpen | XTB |
|---|---|---|
| Rating | 4.3/5 | 3.7/5 |
| Foundation Year | 2004 | 2001 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany |
| Minimum Deposit |
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| Spread | from 0 points | from 0.5 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXOpen Review | XTB Review |
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
XTB suits experienced traders looking for a reliable broker with a wide selection of instruments and high-quality analytics.
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen is in the top 10 of the following ratings:
XTB Review
XTB is a highly regulated broker with licenses from leading bodies such as the FCA, reinforcing its reliability and transparency. This broker offers a wide range of trading products, including currencies, indices, commodities, stocks, and cryptocurrencies, making it a flexible choice for traders of different levels and interests. Various deposit options and advanced analytical support further enhance its appeal against competitors.
XTB suits traders who value regulation and security, those looking for various trading tools, and those who want access to extensive analytical resources. The broker will especially suit active traders who maximize low spreads and product diversity.
Pros and Cons of XTB
Pros
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
- Extensive analytical tools and resources.
Cons
- Withdrawal and account inactivity fees.
- Withdrawal methods are limited.
- Limited number of trading account types.
- Lack of educational materials.
Reliability
| Broker | FXOpen | XTB |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2004 | 2001 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany |
| Regulators | - FCA FCA CySEC CySEC ASIC ASIC | BFSC BFSC KNF KNF AMF AMF ACPR ACPR FCA FCA CNMV CNMV DFSA DFSA BaFin BaFin |
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
XTB
XTB is quite reliable, considering regulation in several authoritative jurisdictions.
Account Opening
| Broker | FXOpen | XTB |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
XTB
The account opening process at XTB is simple and clear, but takes some time.
Pros
- Easy registration and data verification.
- Flexibility regarding the minimum deposit.
- Adherence to KYC and AML standards.
Cons
- Verification can take time.
- Need to provide a large volume of personal data.
Account Types
| Broker | FXOpen | XTB |
|---|---|---|
| Account Types | 5/5 | 2/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.5 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
XTB
XTB offers basic accounts, but does not provide full variability, which may not satisfy all traders' needs.
Pros
- Swap-free account for Muslim traders.
- No restrictions on demo accounts
Cons
- Lack of cent accounts and fixed spread accounts.
- No market execution of orders.
- No investment accounts (PAMM, copy trading).
Commissions
| Broker | FXOpen | XTB |
|---|---|---|
| Commissions | 3/5 | 2.5/5 |
| Spread | from 0 points | from 0.5 points |
| Average Spread (EURUSD) | 1.2 | 1.4 |
| Commission per Lot | $3.5 |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
XTB
XTB offers an average level of commissions.
Pros
- Cashback system helps to offset some of the commissions.
Cons
- High commission for withdrawals less than $50.
- Fee for account inactivity.
Deposit and Withdrawal
| Broker | FXOpen | XTB |
|---|---|---|
| Rating | 4.2/5 | 4/5 |
| Account Funding Methods |
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FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
XTB
XTB provides convenient methods for depositing funds without a commission, but has limited withdrawal options.
Pros
- Wide selection of deposit methods.
- No commission for depositing funds.
- No commission for withdrawals over $50.
Cons
- The only available withdrawal method is bank transfer.
- Commission of $30 for withdrawals less than $50.
Markets and Products
| Broker | FXOpen | XTB |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 66 | 57 |
| Precious Metals | 3 | 9 |
| Energy Carriers | 3 | 5 |
| Indices | 12 | 35 |
| Stocks | 553 | 1997 |
| ETF | 56 | 177 |
| Cryptocurrency | 41 | 41 |
| Soft Commodities | - | 10 |
| Bonds | - | 3 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
XTB
XTB offers an extensive range of markets and products for trading, including currency pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.
Trading Platforms
| Broker | FXOpen | XTB |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
XTB
XTB offers its functional and user-friendly trading platform xStation 5, well-suited for market analysis.
Pros
- A multitude of analytical tools.
- Customizable terminal interface.
- Android mobile app available.
Cons
- Lack of choice between different trading platforms.
- No platform version for iOS devices.
- No desktop version of the platform.
Analytics
| Broker | FXOpen | XTB |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
XTB
XTB offers superior analytics with a rich set of tools available to all users, making them one of the leaders in this area.
Pros
- In-depth analytics, including forecasts from experts and news.
- A wide range of analysis tools, including an economic calendar and trading schedules.
- Analytics available to all users, not only company clients.
Education
| Broker | FXOpen | XTB |
|---|---|---|
| Rating | 2/5 | 2/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
XTB
XTB's educational materials are very limited.
Pros
- Basic trading information is provided.
Cons
- Lack of webinars and detailed video tutorials.
- Not suitable for beginners seeking comprehensive education.
Customer Support
| Broker | FXOpen | XTB |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media | — |
YouTube
Facebook
Twitter
Telegram
LinkedIn
Whatsapp
InstagramFXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
XTB
XTB's technical support is generally good, available 24/5, but the absence of a constantly operating online chat is a drawback.
Pros
- Operates 24/5.
- Contact options include phone and email.
- Responses to inquiries are received within a reasonable timeframe.
Cons
- Online chat not always available.
- Only international phone number available for contact.
- Lack of messaging channels for communication.
