Written by ForexBrokers.com
In this head to head comparison of FXGT.com 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.
FXGT.com and Xtrade, both global online brokers, vary in their establishment and trust levels. Founded in 2019, FXGT.com has quickly gained recognition with its strategic regulatory compliance, holding one Tier-1 and one Tier-2 license. Despite its relatively recent debut, FXGT.com is backed by a ForexBrokers.com Trust Score of 69, placing it in the high-risk category, yet it still maintains a noteworthy presence in the trading community.
In contrast, Xtrade, with its inception dating back to 2003, stands firmly as a seasoned player in the online brokerage world. Like FXGT.com, Xtrade also boasts one Tier-1 and one Tier-2 license, signaling its commitment to regulatory standards. However, its longer-standing foundation in the market has earned it a ForexBrokers.com Trust Score of 74, classifying it as an average risk broker. Neither broker is publicly traded or operates as a bank, reflecting their focused business models centered on trading services.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Year Founded | 2019 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FXGT.com offers a trading experience rated at 3.5 stars for commissions and fees, standing at 55th position out of 62 brokers. Although specific average spread data isn't provided, this rating suggests they offer a competitive pricing structure compared to many in the industry. Traders using FXGT.com can expect standard fees, making it a reliable choice for those seeking moderate transaction costs in their online trading experience.
On the other hand, Xtrade has a slightly lower rating of 2.5 stars for its commissions and fees, being positioned last at 62nd out of 62 brokers. Like FXGT.com, there is no available average spread data, which may suggest less transparency for potential traders. Being ranked lowest indicates their fee structure may result in higher costs for traders, possibly detracting from their overall user value.
In summary, FXGT.com generally provides a more favorable fee environment compared to Xtrade, as indicated by ratings and rankings. Traders considering both brokers should carefully weigh these factors, especially regarding how commissions and fees may impact their potential profits.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $5 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FXGT.com to Xtrade in terms of their range of investments, both online brokers offer the opportunity to trade forex, either as a CFD or a spot contract. FXGT.com provides 117 tradeable symbols, including 53 forex pairs, while Xtrade offers a wider selection with 482 tradeable symbols, featuring 56 forex pairs. Neither platform offers the ability to trade exchange-traded securities on U.S. or international exchanges, such as buying shares of companies like Apple or Vodafone. Additionally, both brokers permit trading of cryptocurrency derivatives, though neither supports the purchase of actual cryptocurrencies.
FXGT.com stands out by offering copy trading, a feature that allows users to replicate the trades of successful investors. In terms of user ratings for their range of investments, FXGT.com receives a 3-star rating, while Xtrade is slightly higher at 3.5 stars. From a broader perspective, FXGT.com ranks 60th out of 62 brokers according to ForexBrokers.com, whereas Xtrade fares better, holding the 49th position. While both brokers provide a comparable experience in some areas, prospective investors might consider their specific investment needs and preferences before choosing between the two.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 482 |
| Forex Pairs (Total) | 53 | 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.
When comparing the trading platforms and tools offered by FXGT.com and Xtrade, each broker has its own distinct advantages. FXGT.com provides traders with options like MetaTrader 4 and MetaTrader 5, popular platforms known for their rich features and flexibility. In addition, FXGT.com supports both desktop and web-based trading, and it offers copy trading, which allows users to mimic the trades of successful investors. A free virtual demo account is also available, making it easier for beginners to practice without risk. While FXGT.com does not have an in-house platform and ranks 56th out of 62 brokers in trading platform evaluations, its wide range of tools and features earns it a respectable four-star rating.
On the other hand, Xtrade shines with its own proprietary platform, designed specifically to cater to its users' needs. This platform is accessible via the web, but unlike FXGT.com, it lacks a desktop download option and does not support MetaTrader. However, Xtrade compensates with an impressive selection of charting tools, offering more than 100 drawing tools to enhance market analysis. Xtrade also provides a virtual demo account and allows direct trading from stock charts. Despite these features, Xtrade's 3.5-star rating and its 58th position among 62 brokers reflect some room for improvement compared to competitors like FXGT.com.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 37 | N/A |
| Charting - Drawing Tools (Total) | 23 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When exploring mobile trading apps, FXGT.com and Xtrade both provide options for iPhone and Android users. However, FXGT.com stands out with features such as stock and forex price alerts, which are not available on Xtrade. FXGT.com also offers enhanced watchlist symbol syncing, allowing your watchlists to seamlessly synchronize with your online account, providing a seamless user experience. Furthermore, FXGT.com provides comprehensive charting capabilities with 30 technical studies and the ability to draw trendlines, enabling traders to analyze market trends effectively. These functionalities are not available on the Xtrade app.
Although FXGT.com offers a range of tools within its mobile trading app, Xtrade is rated slightly higher, with 4 stars compared to FXGT.com’s 3.5 stars, according to user ratings. Despite the additional features that FXGT.com showcases, like the ability to view multiple time frames and auto-saving chart drawings, both broker apps face challenges in their competitive rankings, standing at #58 and #53 for FXGT.com and Xtrade respectively, among 62 brokers as ranked by ForexBrokers.com. This emphasizes the importance of assessing personal trading needs when selecting a trading app.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing FXGT.com and Xtrade in terms of market research offerings, there are notable differences and similarities. Xtrade stands out by providing daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. This gives traders timely insights and helps them stay informed about market movements. However, both brokers lack tools from renowned companies such as Autochartist and Trading Central, which may limit traders looking for in-depth technical analysis support.
FXGT.com offers a unique sentiment-based trading tool that reveals the ratio of long and short positions among traders, a feature Xtrade does not provide. Both platforms offer an economic calendar to help users track global economic events. Despite these offerings, FXGT.com is rated 3 stars for research, while Xtrade receives a slightly higher 3.5 stars, which is reflected in their respective ranks of 56th and 52nd among 62 brokers as assessed by ForexBrokers.com. Both brokers could enhance their research offerings by incorporating more advanced analytical tools to better support their clients' trading decisions.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | 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 beginners, FXGT.com and Xtrade offer varying levels of support. FXGT.com does not provide a substantial collection of educational content focused specifically on forex or CFDs, lacking a set of at least 10 pieces such as articles or videos. Conversely, Xtrade excels in this area, offering an array of more than 10 educational resources aimed at helping newcomers understand forex or CFDs better. However, neither FXGT.com nor Xtrade conducts regular online educational webinars or maintains archives of past webinar recordings, which could be beneficial to users seeking ongoing learning opportunities.
For those interested in trading basics through video content, both platforms fall short, as neither FXGT.com nor Xtrade offers a comprehensive set of beginner-focused educational videos. When it comes to more advanced topics, again, both platforms lack the depth in video content. Nonetheless, they both provide investor dictionaries with over 50 investing terms defined, offering some foundational support for new traders. In terms of ratings, Xtrade slightly surpasses FXGT.com with 3.5 stars compared to 3 stars for education. Furthermore, Xtrade ranks higher on ForexBrokers.com, positioned at #46 out of 62 brokers, while FXGT.com is placed at #59, indicating that Xtrade might be a slightly better choice if educational resources are a priority for you.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 FXGT.com is better than Xtrade. FXGT.com finished with an overall rank of #58, while Xtrade finished with an overall rank of #59.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 74 |
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Both FXGT.com and Xtrade provide the option to buy cryptocurrency derivatives, but neither platform allows for the purchase of actual (delivered) cryptocurrencies.
In comparing online brokers FXGT.com and Xtrade, FXGT.com supports ACH or SEPA transfers, Visa or Mastercard, and bank wires but lacks Skrill and PayPal options, whereas Xtrade also accepts Visa or Mastercard, bank wires, and uniquely offers Skrill but does not accommodate ACH, SEPA transfers, or PayPal for deposits or withdrawals.
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 | FXGT.com | Xtrade | |
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| Trust Score | 69 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | FXGT.com | Xtrade | |
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| Regulation | FXGT.com | Xtrade | |
|---|---|---|---|
| Trust Score | 69 | 74 | |
| Year Founded | 2019 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | Xtrade | |
|---|---|---|---|
| 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) | 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) | FXGT.com | 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 | FXGT.com | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 482 | |
| Forex Pairs (Total) | 53 | 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 | FXGT.com | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXGT.com | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $5 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FXGT.com | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | 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 | FXGT.com | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 5 | 9 | |
| Charting - Indicators / Studies (Total) | 37 | N/A | |
| Charting - Drawing Tools (Total) | 23 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXGT.com | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FXGT.com | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXGT.com | 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 | Xtrade Review |
| Overall | FXGT.com | Xtrade | |
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| Trust Score | 69 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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