Xtrade vs fxdd, Who's The Best?
Xtrade Rating
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fxdd Rating
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Losses can exceed deposits |
75% of retail investor accounts lose money when trading CFDs with Triton Capital Markets Ltd |
Xtrade vs fxdd Guide |
Read our In-Depth Xtrade vs fxdd Review - 2024 Update
This Xtrade vs fxdd review has been updated to reflect any changes for 2024 by industry experts boasting significant expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Xtrade vs fxdd does not apply to all countries as follows:
Xtrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
fxdd Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Xtrade vs fxdd
Every platforms for online trading has certain ups and downs, and a complete review of Xtrade and fxdd would not be regarded as thorough without adopting an objective perspective.
Compare fxdd and Xtrade in order to understand how these platforms line up against each before you decide to create an account. Performing a comparative analysis will bring aspects into perspective so that you're aware of the expectations.
So you are looking for an online trading platform and are choosing between Xtrade or fxdd. Who should you choose?
This Xtrade vs fxdd comparison contains the latest information so you can easily compare fxdd against Xtrade.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire adept at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. Xtrade and fxdd are two such companies which will take you along with your investment into great heights. It is important to compare Xtrade vs fxdd before you trust them with your cash.
Our Xtrade vs fxdd comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Xtrade and fxdd side by side.
Our entire Xtrade vs fxdd Review covers all you will need to know about trading with either Xtrade or fxdd. A good broker can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you select them. It's a common misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Xtrade and fxdd are both brokers which have forged their way successfully into the broker world. Within this review, we have tried to collate a number of the important aspects of both Xtrade and fxdd. This review will help you to know whether either fxdd or Xtrade is a fantastic fit for your investments or not. We've attempted to breakdown all the qualities and fees for your advantage.
Benefits of Xtrade and fxdd Compared
Xtrade offers a minimum deposit of $1 while fxdd has a $250 minimum deposit.
Why smaller minimum deposits are good and how Xtrade and fxdd compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Xtrade allows you to trade around financial instruments whilst fxdd allows you to trade around financial instruments available.
The more financial instruments you can trade on the Xtrade and fxdd platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Xtrade or fxdd.
Xtrade and fxdd Contact Details
Being able to contact your broker easily is a sign of a professional broker. Xtrade and fxdd have the following contact details and social medias that you can use.
Broker | Xtrade | fxdd |
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Telephone Number | +1 212 266 0700 | |
support@fxdd.com.mt | ||
Address | 7 World Trade Ctr, Fl 32, New York City, New York 10007, US | |
Xtrade Twitter Account | fxdd Twitter Account | |
Xtrade Facebook Page | fxdd Facebook Page | |
Xtrade Instagram Account | fxdd Instagram Account | |
Xtrade LinkedIn Page | fxdd LinkedIn Page | |
YouTube | Xtrade YouTube Channel | fxdd YouTube Channel |
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fxdd and Xtrade Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of Xtrade and fxdd we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Xtrade vs fxdd - Awards
Broker | Xtrade | fxdd |
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Awards | At the time of writing this Xtrade review, and despite Xtrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
fxdd have won numerous industry awards over the time they have been operating as an online trading platform. We show the most recognised awards for fxdd below.
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Xtrade vs fxdd - Frequently Asked Questions
Xtrade vs fxdd - Headquarters And Year Of Founding
Xtrade was founded in 2003 and has its headquaters in Australia.
fxdd was founded in 2010 and has its head office in Belize.
What is the minimum deposit for fxdd or Xtrade
The minimum deposit for Xtrade is $1.
The minimum deposit for fxdd is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Xtrade and fxdd are a good choice.
Xtrade vs fxdd - Regulation And Licencing In More Detail
Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC).
fxdd is regulated by Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, Mauritius. License Number C117017252.
Both Xtrade and fxdd have a strong set of rules for ensuring honest trading onto their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Xtrade vs fxdd Commission And Fees
Xtrade and fxdd are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of fees for this purpose.
The first kind of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you're paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Funding or overnight rates are those who are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither Xtrade or fxdd charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by Xtrade and fxdd are comparatively higher. As a result, you are billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This Xtrade vs fxdd review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Xtrade And fxdd
What Languages Do Xtrade And fxdd Support?
Being able to communicate completely with your trading platform is a key way of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both Xtrade and fxdd support.
How Many Clients Do Xtrade and fxdd Have?
Both Xtrade and fxdd are well established with their customer base. It is really important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers Xtrade and fxdd have
Broker | Xtrade | fxdd |
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Clients / Users | 10,000+ | 14,000,000+ |
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What Payment Methods Do Xtrade and fxdd Accept?
Xtrade and fxdd both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Xtrade and fxdd
What Can You Trade With Xtrade and fxdd?
Xtrade offers trading instruments whilst fxdd offers 124.
Below you will find a full breakdown of what both Xtrade and fxdd offer.
Xtrade Review
Xtrade vs fxdd:
Table Of Contents
- Compare Xtrade vs fxdd
- Benefits of Xtrade and fxdd Compared
- fxdd and Xtrade Mobile App Comparison
- Xtrade vs fxdd - Awards
- Xtrade vs fxdd - Frequently Asked Questions
- What is the minimum deposit for fxdd or Xtrade
- Xtrade vs fxdd - Regulation And Licencing In More Detail
- Compare Broker Fees For Xtrade And fxdd
- What Languages Do Xtrade And fxdd Support?
- How Many Clients Do Xtrade and fxdd Have?
- What Payment Methods Do Xtrade and fxdd Accept?
- What Can You Trade With Xtrade and fxdd?