In the fast-paced world of forex trading, choosing the right broker is crucial. XTB and Trade.com are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between XTB and Trade.com across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated XTB and Trade.com, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, XTB earned a higher trust rating than Trade.com.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that XTB has overall lower trading costs than Trade.com.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Trade.com and XTB offer copy trading.
A broader range of CFD instruments provides more trading opportunities. XTB offers a greater variety of instruments compared to Trade.com:
For those interested in trading cryptocurrencies, XTB offers 49 cryptocurrencies, while Trade.com offers 12 cryptocurrencies. Therefore, XTB is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Trade.com nor XTB charges a withdrawal fee. Overall, XTB has better deposit and withdrawal processes than Trade.com.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
XTB has better educational support than Trade.com. Both Trade.com and XTB offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that XTB offers better research analysis than Trade.com and that both Trade.com and XTB offer frequent webinars.
A well-regulated broker, XTB appeals to traders looking for a wide choice of tradable instruments, top-class educational materials, and excellent market analysis. However, traders should note that support is only offered for XTB’s proprietary platform, xStation5.
XTB offers trading on over 2100 financial assets, a wider range than is typically seen at other brokers. Tradable assets include Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. XTB’s focus is to provide excellent support for traders, with comprehensive educational materials that cater to both beginners and more experienced traders alike through its Trading Academy and one-to-one mentorship programme. XTB also provides frequent market commentary and trading ideas in its Market News section, and its responsive customer service is available to help traders with technical or account-related queries.
The account choice at is limited, with only two live accounts that both have higher than average trading costs, but no minimum deposit equirements. Spreads average at 1.0 pips (EUR/USD) on both accounts, and Islamic traders are charged an additional 10 USD (round turn) commission on the Swap-Free Account.
One drawback is that XTB no longer supports the MT4 trading platform so all clients have to use XTB’s proprietary platform, xStation 5 - though it has won awards for its functionality, fast execution speeds, and intuitive design.
Trade.com is a reliable, well-regulated broker with a wide range of tradable assets available on the MetaTrader 4, MetaTrader 5, and Webtrader platforms that appeals to traders who are willing to pay higher minimum deposits for tighter spreads.
Trade.com offers an impressive range of over 2100 tradable assets, including Forex, commodities, indices, cryptocurrencies, bonds, ETFs, and over 2000 stock CFDs. Support is offered for the MT4, MT5, and Webtrader platforms, but Trading Central is only available to those who deposit over 10,000 USD.
With four live accounts, minimum deposits start at 100 USD on its entry-level account, but spreads are wider than other similar brokers at 1.9 pips on the EUR/USD. Spreads tighten to 0.8 pips on its top-tier Exclusive Account, but this is in exchange for a minimum deposit of 100,000 USD, putting it out of the reach of most traders.
One major drawback is that Trade.com offers virtually no educational or market analysis materials, forcing traders to self-educate with other third-party platforms.
For more detailed reviews, please read our comprehensive assessments of XTB and Trade.com.
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Broker | Countries Regulated | Minimum Spread EUR/USD | Minimum Deposit | Trading cost/lot EURUSD Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Broker Score | Broker Website | Select and Compare |
|---|---|---|---|---|---|---|---|
0.10 pips | USD 3 | USD 7 | |||||
0 pips | USD 0 | USD 10 | |||||
0 pips | USD 0 | USD 10 | |||||
0.60 pips | USD 0 | USD 6 | |||||
0.90 pips | USD 100 | USD 9 | |||||
0.40 pips | USD 100 | USD 14 | |||||
0.70 pips | USD 5 | USD 7 | |||||
0.60 pips | USD 5 | USD 6 | |||||
0.10 pips | USD 200 | USD 8 | |||||
0.70 pips | USD 10 | USD 17 |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.