eToro vs Xtrade, 2022 Update
Read our In-Depth eToro vs Xtrade Review - Updated for 2022
This eToro vs Xtrade review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs Xtrade review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Xtrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Xtrade
Every online trading system will have some pros and cons, and no eToro and Xtrade review would be complete without having a balanced approach. Compare eToro and Xtrade to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between eToro or Xtrade. Who is better in 2022?
Our eToro vs Xtrade comparison contains the latest information so you can easily compare Xtrade against eToro.
If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the right broker who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. eToro and Xtrade are just two such platforms which will take you along with your investment into great heights. It is important to compare eToro vs Xtrade before you trust them with your money.
Our eToro vs Xtrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Xtrade side by side.
Our full eToro vs Xtrade Review covers all you need to know about trading with either eToro or Xtrade. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully assess your broker before you choose 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.
eToro and Xtrade are both brokers that have forged their way successfully to the broker world. In this review, we've tried to collate some of the important aspects of both eToro and Xtrade. This review will help you to know whether either Xtrade or eToro is a fantastic fit for your own investments or not. We've attempted to breakdown all of the features and charges for your advantage.
Benefits of eToro and Xtrade Compared
eToro has a minimum deposit of $50 while Xtrade offers a $1 minimum deposit.
Why smaller minimum deposits are good and how eToro and Xtrade 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.
eToro has around 100 financial instruments whilst Xtrade has around 100 on their platform.
The more financial instruments you can trade on the eToro and Xtrade trading 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 never want to miss out on a trading opportunity due to the limitations of eToro or Xtrade.
eToro and Xtrade Contact Details
Being able to contact an online trading platform through many ways is important. eToro and Xtrade have the following contact details and social medias that you can use.
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| Broker | eToro | Xtrade |
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| support@etoro.com | ||
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
| eToro Twitter Account | Xtrade Twitter Account | |
| eToro Facebook Page | Xtrade Facebook Page | |
| eToro Instagram Account | Xtrade Instagram Account | |
| eToro LinkedIn Page | Xtrade LinkedIn Page | |
| YouTube | eToro YouTube Channel | Xtrade YouTube Channel |
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Xtrade and eToro 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 eToro and Xtrade we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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?
eToro vs Xtrade - Awards
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| Broker | eToro | Xtrade |
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eToro have won several industry awards over the years they have been running as an online broker. We detail the most recognised awards for eToro below.
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At the time of writing this Xtrade review, and despite Xtrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs Xtrade - Frequently Asked Questions
eToro vs Xtrade - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
Xtrade was founded in 2003 and has its head office in Australia.
What is the minimum deposit for Xtrade or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Xtrade is $1.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Xtrade are a good choice.
eToro vs Xtrade - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both eToro and Xtrade have a strong collection of rules for ensuring fair trading onto their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs Xtrade Commission And Fees
eToro and Xtrade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the number of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of fees for this purpose.
The first sort of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such instances, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are charged for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither eToro or Xtrade charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example weekly or daily trading.
However, non-trading fees billed by eToro and Xtrade are relatively lower. Consequently, you are charged more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the sale and purchase of resources.
This eToro vs Xtrade review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And Xtrade
What Languages Do eToro And Xtrade Support?
Being able to chat easily with your online broker is a key element when comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find all the languages that both eToro and Xtrade offer communication in.
How Many Clients Do eToro and Xtrade Have?
Both eToro and Xtrade are well established with their client base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers eToro and Xtrade are working with
What Payment Methods Do eToro and Xtrade Accept?
eToro and Xtrade 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 eToro and Xtrade
What Can You Trade With eToro and Xtrade?
eToro offers 100 trading instruments while Xtrade offers .
Below you will find a full breakdown of what both eToro and Xtrade offer.
Compare eToro To All Other Brokers
Compare Xtrade To All Other Brokers