Written by ForexBrokers.com
In this head to head comparison of XTB vs FXOpen, 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.
Founded in 2002, XTB is an online broker that stands out due to its status as a publicly traded company, offering transparency to its clients. With a Trust Score of 96 out of 99 by ForexBrokers.com, XTB is considered highly trusted. The company boasts two Tier-1 licenses, representing the highest level of trust, as well as two Tier-2 licenses, further establishing its reliability in the industry. Although not a bank, XTB's regulatory framework supports its position as a secure choice for investors.
Established in 2003, FXOpen, unlike XTB, is not publicly listed, which might affect the transparency expected by some users. It holds the same number of Tier-1 licenses as XTB, indicating a strong regulatory foundation. However, FXOpen's ForexBrokers.com Trust Score is 76 out of 99, placing it in the average risk category and showing fewer trusted Tier-2 licenses, with none to its name. Despite both brokers being non-banking entities, XTB's trustworthiness is reflected in its higher overall ratings compared to FXOpen’s average risk assessment.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Year Founded | 2002 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing XTB and FXOpen, the differences in their commissions and fees are noteworthy. XTB offers two types of accounts: a spread-only Standard account and a commission-based Professional account, albeit the latter is limited to certain professional clients in the U.K. and Europe. Generally, XTB's pricing aligns with the industry average but doesn't quite reach the level of the top brokers in this area. Average forex spreads for XTB's EUR/USD are generally around 1 pip, although the Pro account is being phased out and is only available to legacy clients. Meanwhile, FXOpen's average spread data is not readily available, which may be a consideration for traders seeking transparency.
For those looking at XTB's account options, the Standard account often proves more cost-effective for lower-volume trading, with a minimum deposit of 250 base currency units (such as £250, €250, or $250). Active traders in the EU meeting certain criteria can benefit from XTB's Lower Spread Group program, receiving rebates from 5% to 30% of the spread once specific trading volume thresholds are reached. This program stands in line with offerings from competitors like FXCM and FOREX.com. On the other hand, FXOpen's fee structure does not provide such detailed information on spread rebates or active trading discounts, which could be a limiting factor for volume traders.
In terms of ratings, XTB scores a commendable 4.5 out of 5 stars for commissions and fees, positioning it as the 11th best among 62 brokers reviewed by ForexBrokers.com. FXOpen, while respectable with a rating of 4 stars, ranks 45th, indicating slightly less competitive fees compared to XTB. For traders prioritizing cost efficiency and active trading incentives, XTB appears to offer a more appealing package, though both brokers have their strengths.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 XTB and FXOpen, XTB offers a significantly broader range of investment options. With an impressive 7,184 tradeable symbols available, including 71 forex pairs, XTB supports both CFD and spot contracts for forex trading. Furthermore, XTB provides access to exchange-traded securities on major U.S. and international exchanges, allowing investors to buy shares of companies like Apple and Vodafone, a feature FXOpen does not support. FXOpen, in contrast, offers a modest collection of 87 tradeable symbols, with only 25 forex pairs, tailored for those who prioritize forex and cryptocurrency derivatives over traditional securities.
While XTB boasts a more extensive investment arsenal, FXOpen shines with its copy trading functionality, attracting traders interested in automated strategies. Both brokers allow the trading of cryptocurrency derivatives without the option to purchase actual cryptocurrencies. When rated for their range of investments, XTB garners a strong 5-star rating and ranks 14th out of 62 brokers according to ForexBrokers.com. FXOpen, however, receives a 3-star rating and ranks 61st, indicating a narrower scope suitable for specific trading needs.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 87 |
| Forex Pairs (Total) | 71 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of XTB and FXOpen, both brokers provide users with the opportunity to engage in simulated trading through a virtual demo account, making it easy for beginners to explore the market without taking risks. XTB differentiates itself by offering a proprietary platform developed in-house, designed to meet specific trader needs, while FXOpen does not provide an in-house platform, instead relying on well-known industry standards. Both brokers offer Windows-based desktop and web-based trading platforms to ensure accessibility and flexibility for traders. However, FXOpen stands out in offering popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while XTB does not support these options. Furthermore, FXOpen supports features such as copy trading and integration with ZuluTrade for social trading enthusiasts, which is not available with XTB.
In trading tools, XTB shows a strong commitment with 32 drawing tools available for charting, compared to FXOpen's 15. Both brokers enable direct trading from stock charts, providing a seamless experience for those who like visual trading. Watch list fields also vary slightly, with XTB offering eight columns versus FXOpen's seven. In overall ratings for trading platforms and tools, XTB receives a higher score of 4.5 stars compared to FXOpen's 4 stars, reflecting their rank of #9 out of 62 brokers according to ForexBrokers.com, while FXOpen is positioned lower at #53. These distinctions highlight XTB's well-regarded tools and technological offerings, albeit with fewer social trading options compared to FXOpen.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both XTB and FXOpen present a number of features aimed at enhancing the trading experience for both iPhone and Android users. These apps provide critical functions like stock and forex price alerts and the ability to draw trendlines on charts. However, XTB stands out with its offering of 39 technical studies for charting in its app, compared to the 30 available with FXOpen. Both brokers allow viewing multiple time frames, but XTB has an edge with its auto-save function for chart drawings, a feature not available with FXOpen.
In terms of usability, while both brokers allow for the creation of a watchlist with real-time quotes, neither provides watchlist symbol syncing between mobile and online accounts. Nonetheless, XTB rates slightly higher in overall user satisfaction, earning a 4.5-star rating compared to FXOpen's 4 stars. This higher rating is reflected in their rankings as well, with XTB holding the 8th position out of 62 brokers for their mobile trading apps, whereas FXOpen is ranked at 54. These distinctions may sway traders looking for a more integrated and feature-rich mobile trading experience.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XTB and FXOpen for their market research offerings, both brokers provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. However, XTB distinguishes itself by offering a sentiment-based trading tool that provides insights into long and short positions across various currency pairs, something that FXOpen does not offer. Both brokers lack research tools from companies like Autochartist and Trading Central, and neither provides market research from TipRanks or Acuity Trading. Additionally, both XTB and FXOpen include an economic calendar to keep traders informed of global news events.
Despite some similarities, XTB outshines FXOpen in terms of overall research quality. XTB has earned a commendable 5-star rating, placing it 7th out of 62 brokers according to ForexBrokers.com. In contrast, FXOpen trails behind with a 3-star rating, ranking last at 62nd. This significant difference highlights XTB's superior market research capabilities, making it a more informed choice for traders seeking comprehensive market insights.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 it comes to educational resources for novice traders, XTB shines brightly compared to FXOpen. XTB provides a comprehensive range of materials to help beginners grasp the essentials of forex and CFDs trading. With an array of over ten educational pieces, including articles, videos, and webinars, XTB ensures its users have ample resources to learn from. Additionally, XTB hosts regular online webinars for its clients, offering at least one each month, and maintains a searchable archive of these recorded sessions, making it easy for learners to access valuable insights whenever they need.
In contrast, FXOpen does not offer more than ten educational pieces focused on forex and CFDs, nor does it provide monthly educational webinars or a searchable archive of past webinars. While FXOpen does have an investor dictionary with definitions for over fifty investing terms, this is its main educational offering for users. Reflecting these differences in educational support, XTB receives a 5-star rating and ranks 11th out of 62 brokers in the education category, while FXOpen earns a 3-star rating and sits at 58th place. Overall, XTB offers a richer and more diverse educational experience for beginners looking to strengthen their trading skills.
| Feature |
XTB
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than FXOpen. XTB finished with an overall rank of #7, while FXOpen finished with an overall rank of #54.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 76 |
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Both XTB and FXOpen offer the ability to trade cryptocurrency derivatives but do not provide options for purchasing actual, delivered cryptocurrencies.
When comparing online brokers XTB and FXOpen, both platforms support Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, but only XTB offers PayPal, and neither supports ACH or SEPA transfers.
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 | XTB | FXOpen | |
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| Trust Score | 96 | 76 | |
| Winner | check_circle | ||
| Review | XTB Review |
| Broker Screenshots | XTB | FXOpen | |
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| Regulation | XTB | FXOpen | |
|---|---|---|---|
| Trust Score | 96 | 76 | |
| Year Founded | 2002 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | FXOpen | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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) | XTB | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 87 | |
| Forex Pairs (Total) | 71 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). |
| Cost | XTB | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | XTB | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XTB | FXOpen | |
|---|---|---|---|
| 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 | XTB Review |
| Overall | XTB | FXOpen | |
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| Trust Score | 96 | 76 | |
| Winner | check_circle | ||
| Review | XTB Review |
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