FXOpen vs XTrade Comparison
Compare trading conditions, commissions and platforms of Forex brokers FXOpen and XTrade. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXOpen or XTrade?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FXOpen
- Minimum deposit · USD
- 1 USD
- Different platforms
- MetaTrader 4
- MetaTrader 5
- TickTrader
- TradingView
- Different markets
- None listed
- Cent account
- Yes
XTrade
- Minimum deposit · USD
- 250 USD
- Different platforms
- xTrade
- Different markets
- Soft Commodities
- Bonds
- Cent account
- No
Comparison Table of FXOpen and XTrade
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| Broker | FXOpen | XTrade |
|---|---|---|
| Foundation Year | 2005 | 2003 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Belize |
| Minimum Deposit |
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| Spread | from 0 points | from 1 points |
| Max Leverage | 1:500 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
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:
XTrade Review
Xtrade offers a wide range of deposit and withdrawal methods, an extensive range of markets and trading products, and a variety of analytical tools. The broker is equipped with an extensive training center, which makes it attractive for novice traders who want to expand their knowledge and improve their trading skills. Responsive and feature-rich customer support enhances the usability of the broker's services.
Xtrade is suitable for novice traders, thanks to its accessible educational resources and wide range of trading products. However, potential clients should pay special attention to regulatory issues and trading costs before deciding to start working with this broker.
Pros and Cons of XTrade
Pros
- Wide range of deposit and withdrawal methods.
- Extensive selection of markets and products for trading.
- Diversity of analytical tools.
- Comprehensive educational center with various materials.
- Responsive and multifunctional technical support.
Cons
- Weak regulation may raise concerns about the security of client funds.
- Limited variety of accounts and services offered.
- Wide spreads, which can increase trading costs.
- Long processing time for withdrawal requests.
- Lack of alternatives to the offered trading platform, limiting traders' choices.
Reliability
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| Broker | FXOpen | XTrade |
|---|---|---|
| Reliability | 5/5 | 3.2/5 |
| Foundation Year | 2005 | 2003 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Belize |
| Regulators |
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
XTrade
The reliability of Xtrade International Ltd is questionable due to the lack of licenses from strict regulators, despite having a license from the Belize FSC.
Pros
- Segregated client accounts.
- Investor compensation fund.
Cons
- Lack of licenses from strict regulators.
Account Opening
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| Broker | FXOpen | XTrade |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| 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.
XTrade
Account opening at Xtrade is fairly standard and transparent.
Pros
- Free and fast account opening.
- Clear verification instructions.
Cons
- High minimum deposit.
- Verification can be lengthy.
Account Types
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| Broker | FXOpen | XTrade |
|---|---|---|
| Account Types | 5/5 | 2.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 1 points |
| Max Leverage | 1:500 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | No |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
XTrade
Xtrade offers a variety of accounts, but does not satisfy the needs of all categories of traders.
Pros
- Four types of accounts for different traders.
- Reduced spreads for Premium and VIP accounts.
Cons
- Absence of cent and Islamic accounts.
- No accounts with fixed spreads.
- Lack of copy trading service.
Commissions
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| Broker | FXOpen | XTrade |
|---|---|---|
| Commissions | 3/5 | 2/5 |
| Spread | from 0 points | from 1 points |
| Average Spread (EURUSD) | 1.2 | 3 |
| Commission | per 1 lot$3.50 | No data |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
XTrade
Commissions at Xtrade are relatively high, which can increase a trader's costs.
Pros
- No withdrawal fee.
Cons
- High spreads.
- Inactivity fee of 50 USD.
Deposit and Withdrawal
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| Broker | FXOpen | XTrade |
|---|---|---|
| Rating | 4.2/5 | 3.5/5 |
| 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.
XTrade
Xtrade offers a variety of deposit and withdrawal methods, but with lengthy processing times.
Pros
- Wide selection of payment systems.
- No fees on many methods.
Cons
- Long withdrawal processing time.
- Absence of cryptocurrencies.
Markets and Products
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| Broker | FXOpen | XTrade |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 66 | 57 |
| Precious Metals | 3 | 9 |
| Energy Carriers | 3 | 5 |
| Indices | 12 | 25 |
| Stocks | 553 | 300 |
| ETF | 56 | 13 |
| Cryptocurrency | 41 | 52 |
| Soft Commodities | - | 7 |
| Bonds | - | 5 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
XTrade
Xtrade offers an extensive selection of markets and products, meeting the needs of various traders.
Pros
- Wide range of currency pairs.
- Numerous CFDs on stocks from different countries.
- Availability of cryptocurrencies.
Trading Platforms
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| Broker | FXOpen | XTrade |
|---|---|---|
| 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.
XTrade
Xtrade offers a functional and user-friendly platform.
Pros
- Web platform with no download required.
- Full-featured mobile application.
Cons
- Lack of popular platforms such as MT4 or MT5.
- Limited choice of platforms.
- No desktop version of the platform.
Analytics
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| Broker | FXOpen | XTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
XTrade
Xtrade's analytics are well-developed, providing traders with a variety of market analysis tools.
Pros
- Daily video analysis.
- Economic calendar and up-to-date news.
- Specialized calculators for technical analysis.
Cons
- Lack of regular reviews from experts.
- No trading signals.
Education
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| Broker | FXOpen | XTrade |
|---|---|---|
| Rating | 2/5 | 4/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
XTrade
Xtrade provides extensive educational materials covering various levels of complexity.
Pros
- Wide range of topics.
- Materials for beginners and professionals.
- Availability of video tutorials and e-books.
Cons
- Lack of webinars.
- Some topics may require deeper study.
Customer Support
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| Broker | FXOpen | XTrade |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
FXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
XTrade
Xtrade's customer support is responsive and diverse, but there are minor communication issues.
Pros
- Variety of communication channels.
- 24/5 availability during weekdays.
- Quick and professional response.
Cons
- Some reviews indicate problems with resolving disputes.
Comparisons of FXOpen and XTrade with other brokers
Conclusion
When choosing between FXOpen and XTrade, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FXOpen or XTrade?
FXOpen ranks higher than XTrade in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FXOpen or XTrade?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FXOpen or XTrade?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXOpen and XTrade?
FXOpen: MetaTrader 4, MetaTrader 5, TickTrader, TradingView. XTrade: xTrade. See the “Platforms” section for details and selection tips.
What markets can you trade with FXOpen and XTrade?
FXOpen: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. XTrade: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FXOpen and XTrade?
FXOpen: STP, ECN, Micro, Crypto. XTrade: Standard, Platinum, Premium, VIP. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXOpen and XTrade?
FXOpen: WebMoney, Volet, FasaPay, Visa, Mastercard, JCB, Discover. XTrade: VLoad, Alipay, AstroPay, Boleto, CashU, FasaPay, Jeton, Bpay, Swift, Sofort, Visa, Mastercard, JCB, EPS, Giropay, iDeal, Przelewy24, POLi. Check method-specific fees/settlement times.
Which broker is safer — FXOpen or XTrade — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
