Forex.com vs XTB: Comparison and Analysis

Forex.com vs XTB: A Comparison Summary

When it comes to choosing a forex broker, there are several factors to consider. In this comparison summary, we will take a look at two popular brokers, Forex.com and XTB, and evaluate them based on their security, demo account, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care.

Security

Both Forex.com and XTB are regulated by top-tier financial authorities, including CySEC, FCA, and others. However, Forex.com has more regulatory licences, including NFA and CFTC, making it available in more countries, including the USA. Both brokers have a high security rating of 95.

Demo Account

Both Forex.com and XTB offer demo accounts with virtual funds to help traders practise and test their strategies. Forex.com demo account has a duration of 30 days and virtual funds of $10,000, while XTB demo account has no time limit and virtual funds of $100,000.

Account Opening

Forex.com requires a minimum deposit of $100, while XTB has no minimum deposit requirement. Forex.com offers a wider range of account types, including standard, MT4 and MT5, commission, corporate, DMA, STP Pro, Islamic, and professional accounts. XTB offers standard, Islamic, and professional accounts. Forex.com offers more payment methods, including wire transfers, credit/debit cards, and eWallets, while XTB does not support PayPal.

Social-Copy Trading

Both Forex.com and XTB do not provide any social or copy trading features

Markets

Forex.com offers a wider range of markets, including 80 forex pairs, 12 commodities, 18 indices, 80 crypto assets, and 220+ stocks, while XTB offers 57 forex pairs, 27 commodities, 30 indices, 46 crypto assets, and 5000+ stocks and 500+ ETFs. However, both brokers offer CFD trading, making them better suited for short-term trading and price speculation rather than long-term investing. XTB offers zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000.

Trading Fees

Forex.com offers variable spreads, which can start from 0.2 pips on forex, while XTB also offers variable spreads starting from 0.3 pip on forex, which is below the market average. However, Forex.com’s spreads can be higher depending on the trader’s country, starting from 0.7 pips in Europe. Forex.com also offers fixed spreads on commodities. XTB charges zero-commission on real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000, and after that, there is a commission of 0.2% (10 EUR minimum).

Platforms

Forex.com offers its proprietary platform, available via web and mobile devices, and both MetaTrader 4 and 5 platforms. XTB offers xStation, its proprietary platform, available via web and mobile devices, which is user-friendly and intuitive.

Education/Customer Care

Forex.com offers detailed guides and tutorials on setting up trades and technical analysis courses, while XTB offers FAQs, blog articles, ebooks, trading videos, and seminars. Both brokers offer easy access to customer care via phone, email, and live chat, but only Forex.com supports English and Chinese.

Conclusion

In summary, Forex.com and XTB are both reputable brokers with high-security ratings and user-friendly platforms. Forex.com offers a wider range of markets, account types, and payment methods, while XTB offers zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. Ultimately, the choice between Forex.com and XTB will depend on the trader’s specific needs and preferences. Traders who are interested in trading a wider range of markets may prefer Forex.com, while those who are interested in commission-free real stocks and ETFs for European traders may prefer XTB. Additionally, traders who prefer a demo account with no time limit may opt for XTB, while those who prefer a wider range of account types and payment methods may prefer Forex.com. Both brokers offer excellent customer care and educational resources to help traders succeed. Therefore, it’s essential to carefully evaluate the features and services offered by both brokers before making a decision.