Written by ForexBrokers.com
In this head to head comparison of easyMarkets 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.
easyMarkets and Xtrade are two online brokers that offer trading platforms for investors. Established in 2001, easyMarkets is slightly older than Xtrade, which was founded in 2003. Neither of these companies is publicly traded nor operates as a bank. Both brokers hold significant licenses, with easyMarkets boasting two Tier-1 licenses, indicating a high level of trust, while Xtrade holds one. They each have one Tier-2 license, further establishing their credibility in the industry.
When it comes to trust ratings, easyMarkets receives a Trust Score of 84 from ForexBrokers.com, categorizing it as trusted. In comparison, Xtrade receives a Trust Score of 74, positioning it within the average risk category. These scores provide prospective investors with a useful snapshot of the reliability and security each broker offers.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Year Founded | 2001 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, easyMarkets and Xtrade offer different experiences for traders. easyMarkets provides fixed spreads for those using its platform and TradingView, set at 0.8 pips for EUR/USD. However, if you're opting for the MT4 platform, the spreads increase to 1.7 pips for a Standard account but drop to 0.7 pips if you choose a VIP account. For MT5 users, easyMarkets offers a variable spread starting from 0.7 pips.
In comparison, Xtrade lacks available data on their average spreads, which can make it challenging for potential clients to assess its competitiveness in terms of fees. This absence of transparency might raise concerns for traders looking for clarity in their cost structure. As a result, Xtrade falls behind when compared to the detailed information available for easyMarkets.
Based on user ratings and rankings, easyMarkets receives a 3.5 out of 5 stars in the commissions and fees category and is positioned at #51 out of 62 brokers according to ForexBrokers.com. Xtrade, on the other hand, scores 2.5 stars and ranks last at #62, indicating it may not be the preferred choice for cost-conscious traders.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $25 | $250 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing easyMarkets and Xtrade, both platforms offer comprehensive options for trading forex as CFDs or spot contracts. easyMarkets provides access to 230 tradeable symbols, including 63 forex pairs, slightly edging out Xtrade in forex pairs, though Xtrade offers a broader selection with 482 tradeable symbols and 56 forex pairs. Neither platform offers the ability to invest in exchange-traded securities on U.S. or international exchanges. However, both brokers allow for trading cryptocurrency derivatives, although not actual cryptocurrencies.
For those interested in copy trading, easyMarkets emerges as the preferred choice since it supports this feature, whereas Xtrade does not. Despite their differences in offerings, both brokers are rated 3.5 stars for Range of Investments. Xtrade is ranked slightly higher than easyMarkets at #49 out of 62 brokers by ForexBrokers.com, while easyMarkets holds the #54 position in the same category. This indicates both platforms have strengths and weaknesses that may appeal to varying investor needs.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 482 |
| Forex Pairs (Total) | 63 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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.
Both easyMarkets and Xtrade provide traders with simulated trading options, offering free virtual demo accounts that allow for risk-free practice. While easyMarkets and Xtrade each have their own proprietary platforms, the offerings diverge when it comes to downloadable platforms. easyMarkets offers a Windows-based desktop platform, a feature Xtrade does not support. Additionally, both brokers have web-based trading platforms, making online access convenient for their users. When it comes to advanced trading tools, easyMarkets offers copy trading and supports MetaTrader 4 and MetaTrader 5, services that Xtrade does not provide. However, neither broker supports DupliTrade or ZuluTrade.
When analyzing charting tools, Xtrade impresses with 100 drawing tools compared to easyMarkets' 30, although both brokers allow trading directly from stock charts. For creating watch lists, Xtrade slightly edges out easyMarkets by offering nine columns to easyMarkets' eight. Overall, while easyMarkets is rated higher for trading platforms and tools with four out of five stars, Xtrade is not far behind with a 3.5-star rating. easyMarkets is ranked 35th out of 62 brokers by ForexBrokers.com, indicating a more favorable position compared to Xtrade's 58th spot in the same category.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | N/A |
| Charting - Drawing Tools (Total) | 30 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of easyMarkets and Xtrade, both platforms support iPhone and Android devices, but the similarities wane beyond that. easyMarkets distinguishes itself with watchlist symbol syncing, allowing users to keep track of their favorite stocks or forex pairs seamlessly across devices. Although both apps lack price alert features, easyMarkets shines with a comprehensive charting toolbox, offering 81 technical studies and the ability to draw trendlines and view multiple time frames on charts. These features make it easier for traders to analyze market trends and make informed decisions. In contrast, Xtrade does not provide these advanced charting options.
The ability to create a watchlist with real-time quotes is another advantage of using easyMarkets. Moreover, despite differences in features, both apps are rated 4 out of 5 stars for mobile trading. However, easyMarkets holds a higher ranking of 29th place compared to Xtrade's 53rd place out of 62 brokers on ForexBrokers.com. This higher ranking reflects easyMarkets' enhanced capabilities in mobile trading compared to Xtrade, making it potentially more appealing for traders seeking an enriched mobile trading experience.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | 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.
Both easyMarkets and Xtrade provide daily market commentary and offer forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring traders have access to essential market insights. While neither broker integrates the tools from Autochartist, easyMarkets differentiates itself by offering technical analysis tools from Trading Central, aiding traders who seek in-depth technical insights. easyMarkets also provides a sentiment-based trading tool that offers a view of the market's long and short positions across currency pairs, which Xtrade does not offer. Both platforms supply an economic calendar to help traders stay informed about upcoming global events.
In terms of market research ratings, both easyMarkets and Xtrade achieve a score of 3.5 out of 5 stars. However, easyMarkets ranks 43rd out of 62 brokers in the Research category on ForexBrokers.com, slightly ahead of Xtrade, which holds the 52nd position. While neither broker features market research from TipRanks or Acuity Trading, these rankings suggest easyMarkets might have a slight edge in research offerings compared to Xtrade for traders seeking additional tools and sentiment analysis.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 easyMarkets and Xtrade for beginner educational resources, both brokers offer more than 10 educational materials focused on forex and CFDs, ensuring a wealth of information to get beginners started. However, easyMarkets stands out by offering monthly online webinars, which Xtrade does not provide. Furthermore, easyMarkets also features a searchable archive of past webinars. This resource is particularly beneficial for individuals seeking to revisit or delve into specific topics at their convenience, a feature that Xtrade lacks.
For those new to trading, easyMarkets shines with more than 10 beginner-focused educational videos, whereas Xtrade does not match this offering. In addition, easyMarkets provides over 10 advanced videos for experienced traders, giving a broader scope of learning opportunities. Both platforms include an investor dictionary with definitions for over 50 investing terms, providing valuable support for new traders. Despite these differences in resources, both brokers receive an education rating of 3.5 stars. Yet, easyMarkets is ranked slightly higher at #39, compared to Xtrade's #46, among 62 brokers evaluated by ForexBrokers.com.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that easyMarkets is better than Xtrade. easyMarkets finished with an overall rank of #42, while Xtrade finished with an overall rank of #59.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 74 |
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Both easyMarkets and Xtrade do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives instead.
When comparing the deposit and withdrawal options between easyMarkets and Xtrade, easyMarkets stands out by providing ACH or SEPA transfers, which Xtrade does not, while both brokers support Skrill, Visa or Mastercard, and bank wire transactions, but neither offers PayPal as a payment method.
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 | easyMarkets | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Xtrade Review |
| Broker Screenshots | easyMarkets | Xtrade | |
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| Regulation | easyMarkets | Xtrade | |
|---|---|---|---|
| Trust Score | 84 | 74 | |
| Year Founded | 2001 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | 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) | easyMarkets | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 482 | |
| Forex Pairs (Total) | 63 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | easyMarkets | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $25 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | easyMarkets | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | easyMarkets | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | 9 | |
| Charting - Indicators / Studies (Total) | 15 | N/A | |
| Charting - Drawing Tools (Total) | 30 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | easyMarkets | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | 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 | easyMarkets | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | easyMarkets | 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 | easyMarkets Review | Xtrade Review |
| Overall | easyMarkets | Xtrade | |
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| Trust Score | 84 | 74 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Xtrade Review |
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