Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex and Xtrade are both online brokers that have been established for several years, with Spreadex founded in 1999 and Xtrade in 2003. Neither of them is publicly traded or operates as a bank. When it comes to regulatory compliance, both brokers maintain a Tier-1 license, indicating a high level of trust. However, Xtrade goes a step further by holding an additional Tier-2 license, suggesting an extra layer of credibility in the eyes of regulatory bodies.
As per ForexBrokers.com's Trust Score, Spreadex is marked as average risk with a score of 71, whereas Xtrade edges out slightly better with a score of 74. This slight difference in trust ratings is noteworthy as it reflects Xtrade's additional regulatory compliance. While both platforms have similarities in their foundational aspects and regulatory standing, Xtrade's extra Tier-2 license might offer a bit more reassurance for users prioritizing regulatory oversight.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Spreadex and Xtrade for commissions and fees, Spreadex clearly outperforms Xtrade. In January 2024, Spreadex offered an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips being achieved 60% of the time throughout the month. This competitive pricing has earned Spreadex a commendable 4-star rating for commissions and fees, ranking it at #27 out of 62 brokers on ForexBrokers.com.
On the other hand, Xtrade lacks transparency in its fee structure by not providing average spread data. This absence of crucial pricing information is a significant drawback for potential clients. As a result, Xtrade has been rated 2.5 stars and ranks at the bottom, at #62, in the Commissions and Fees category among 62 brokers reviewed by ForexBrokers.com.
In summary, if you are seeking a more cost-effective option with detailed spread information, Spreadex is the preferable choice. It offers better value and clarity compared to Xtrade, which falls short in providing essential fee-related data.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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.
Spreadex and Xtrade both offer forex trading as CFDs or spot contracts. When it comes to the sheer quantity of tradeable symbols, Spreadex takes the lead with an extensive offering of 10,000 symbols compared to Xtrade's 482. However, in the realm of forex pairs, Xtrade offers a slightly larger selection with 56 pairs, while Spreadex provides 52 pairs. Despite these differences, neither broker offers exchange-traded securities on U.S. or international exchanges, meaning clients cannot directly purchase stocks like Apple or Vodafone from these platforms.
Investors interested in cryptocurrency derivatives are in luck, as both Spreadex and Xtrade offer the ability to trade these digital assets. However, neither platform supports the purchase of actual cryptocurrencies. It's also worth noting that neither broker features copy trading options. Overall, Spreadex is rated higher with a 5-star rating and ranks 13th out of 62 brokers in the Range of Investments category, suggesting a more comprehensive offering, while Xtrade has a rating of 3.5 stars and ranks 49th in the same category.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 482 |
| Forex Pairs (Total) | 52 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 Spreadex and Xtrade offer simulated trading with free virtual demo accounts, ideal for beginners to practice. Each broker also has its own in-house developed trading platform, providing tailored experiences. Neither broker provides a Windows-based desktop download platform, yet both offer easy web-based access through browser platforms. However, traders looking for copy trading capabilities or compatibility with popular platforms like MetaTrader 4 or 5 will find neither option supported by Spreadex or Xtrade. Instead, platform users are focused on charting tools, where Spreadex offers 11 drawing tools while Xtrade provides a more extensive array of 100. Additionally, both platforms enable direct trading from stock charts.
For managing watchlists, Spreadex provides 8 columns, slightly fewer than Xtrade’s 9, offering users a tad more customization. When rated for their trading platforms and tools, Spreadex holds a more favorable rating with 4 out of 5 stars compared to Xtrade’s 3.5 stars. According to rankings by ForexBrokers.com, Spreadex comes in at #46 out of 62 brokers, while Xtrade is positioned at #58, suggesting users may find a more reliable experience with Spreadex's tools and functionalities.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 58 | N/A |
| Charting - Drawing Tools (Total) | 11 | 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 offered by Spreadex and Xtrade, both provide iPhone and Android apps, ensuring accessibility on the go. However, Spreadex stands out by offering stock or forex price alerts, an essential tool for staying updated in a fast-paced market, whereas Xtrade lacks this feature. Both platforms don't support watchlist symbol syncing with online accounts, which could be a drawback for traders seeking seamless account management. Notably, Spreadex allows users to draw trendlines on charts and view multiple time frames, offering greater flexibility in analyzing stock or forex trends, unlike Xtrade, which does not provide these features. While neither app auto-saves chart drawings, Spreadex lets traders create watchlists with real-time quotes, further enhancing its appeal to active users, compared to Xtrade's lack of this feature.
In terms of user ratings, both Spreadex and Xtrade earned 4 stars for their mobile trading apps, indicating a satisfactory user experience. Despite this, Spreadex ranks higher at 46th place out of 62 brokers on ForexBrokers.com, while Xtrade comes in at 53rd. This suggests that Spreadex offers a slightly more favorable mobile trading experience, thanks to its additional features and customization options. Ultimately, while both apps deliver reliable mobile trading experiences, Spreadex's additional functionalities might make it the preferred choice for traders seeking more comprehensive tools on their mobile devices.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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.
Spreadex and Xtrade both offer valuable resources for those looking to keep an eye on market trends. They each provide daily market commentary and offer forex news from leading sources like Bloomberg and Reuters, making it easy for traders to stay informed. Both brokers have an economic calendar that highlights key global events, helping traders plan their strategies around significant market-moving announcements. Where Spreadex pulls ahead is in its inclusion of tools from Autochartist, which give traders access to advanced technical analysis and research. In contrast, Xtrade does not offer these particular enhancements.
While neither broker provides tools from Trading Central or Acuity Trading, Spreadex offers a sentiment-based trading tool not available with Xtrade, allowing traders to gauge market biases with ease. In overall research offerings, Spreadex is rated slightly higher with four stars compared to Xtrade's 3.5 stars. Spreadex is also better ranked by ForexBrokers.com, coming in at #31 out of 62 brokers, while Xtrade ranks at #52. This data suggests that Spreadex might offer a more comprehensive suite of research tools for informed trading decisions.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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, both Spreadex and Xtrade provide more than 10 educational pieces focused on forex and CFDs, making them quite equipped for novice traders. However, Spreadex holds a slight edge by offering over 10 beginner educational videos tailored specifically for beginners, which Xtrade lacks. Spreadex also supports users with an investor dictionary containing over 50 investing terms, a feature also mirrored by Xtrade.
Neither Spreadex nor Xtrade provides monthly educational webinars or archives of recorded sessions, which may be a consideration for those who prefer learning through interactive and dynamic formats. Spreadex is rated slightly higher in education with 4 stars compared to Xtrade's 3.5 stars, and their proximity in the rankings, with Spreadex at #45 and Xtrade at #46 among 62 brokers according to ForexBrokers.com, reflects their comparable educational offerings. While both brokers provide solid foundational resources, Spreadex might appeal more to beginners due to its accessible video content.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | 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 Spreadex is better than Xtrade. Spreadex finished with an overall rank of #39, while Xtrade finished with an overall rank of #59.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 74 |
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Both Spreadex and Xtrade do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to trade cryptocurrency derivatives.
When comparing online brokers Spreadex and Xtrade, neither offers ACH or SEPA transfers, nor PayPal for funding accounts, but they both support Visa or Mastercard and bank wire options, with Xtrade additionally offering Skrill for deposits and withdrawals, unlike Spreadex.
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 | Spreadex | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Xtrade Review |
| Broker Screenshots | Spreadex | Xtrade | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | Xtrade | |
|---|---|---|---|
| Trust Score | 71 | 74 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Spreadex | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 482 | |
| Forex Pairs (Total) | 52 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | No | No |
| Trading Platforms | Spreadex | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | 9 | |
| Charting - Indicators / Studies (Total) | 58 | N/A | |
| Charting - Drawing Tools (Total) | 11 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Spreadex | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 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 | Spreadex | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | Xtrade Review |
| Overall | Spreadex | Xtrade | |
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| Trust Score | 71 | 74 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Xtrade Review |
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