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FlowBank vs Xtrade 2023

BrokerNotes.co

Written by BrokerNotes.co

January 31, 2023

Trying to decide between FlowBank and Xtrade? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, FlowBank ranks more highly than Xtrade.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingFlowBankXtrade
Overall Rating 7.7 / 10 6.5 / 10
Account TypeFlowBankXtrade
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingFlowBankXtrade
Social Trading / Copy Trading Yes No
DupliTrade No No
ZuluTrade No No
CryptocurrencyFlowBankXtrade
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)FlowBankXtrade
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)FlowBankXtrade
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsFlowBankXtrade
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes No
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes Yes
ETF Yes Yes
U.S. Stocks (CFD) Yes No
Trading PlatformsFlowBankXtrade
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
Regulatory LicensesFlowBankXtrade
Tier-1 Licenses 1 1
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) No No
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) Yes No
CFTC Registered (USA) No No
Tier-2 Licenses 0 2
Tier-3 Licenses 0 1
Research, EducationFlowBankXtrade
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) No Yes
Videos - Beginner Trading Videos Yes No
Client Webinars (Archived) Yes No
Trading CostsFlowBankXtrade
Minimum Initial Deposit $0.00 $250
Average Spread EUR/USD - Standard N/A -1
All-in Cost EUR/USD - Active N/A -1
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) No Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsFlowBankXtrade
Watchlists - Total Fields 7 9
Mobile Watchlist Yes No
Charting - Indicators / Studies (Total) 37 N/A
Mobile Charting - Indicators / Studies 5 N/A
Trust FactorsFlowBankXtrade
Year Founded 2020 2003
Publicly Traded (Listed) No No
Bank Yes No
Authorised in European Union No info No
Trust Score 77 80
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FlowBank vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FlowBank vs Xtrade.

Can I trust FlowBank?

FlowBank has a trust score of 77, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Xtrade?

Xtrade has a trust score of 80, giving it a "Trusted" trust label.

Is FlowBank a good broker?

FlowBank is a relatively new forex broker that has quickly expanded its offering of investment products, and traders at FlowBank enjoy the benefits associated with holding a Swiss bank account alongside the ability to trade forex and CFDs. FlowBank is regulated in Switzerland, but lacks the additional regulatory licenses held by the most trusted brokers.

Is Xtrade a good broker?

Xtrade offers a proprietary platform and holds an increasing number of regulatory licenses, but with less than 200 available symbols it just can't compete with the best forex brokers.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. FlowBank is FINMA Authorised (Switzerland), while Xtrade is ASIC Authorised (Australia)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FCA Authorised (U.K.) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, FlowBank is none, while Xtrade is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses FlowBank is none, while Xtrade is IFSC Authorised (Belize)., neither have SCB Authorised (Bahamas), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms FlowBank supports a Proprietary Platform and Desktop Platform (Windows), whereas Xtrade supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does FlowBank offer MetaTrader? Does Xtrade offer MetaTrader?

For MetaTrader FlowBank provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Xtrade provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do FlowBank and Xtrade differ in terms of minimum deposit? What about average spreads and funding options?

FlowBank requires a minimum deposit of $0.00, while Xtrade requires a minimum deposit of $250. From our testing we found FlowBank offers spreads of N/A, while Xtrade offers spreads of -1. FlowBank supports Bank Wire (Deposit/Withdraw) for popular funding options, where Xtrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, FlowBank or Xtrade?

FlowBank offers a more diverse selection of investment options than Xtrade allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, FlowBank has 408600, compared to 142 from Xtrade.

Can I trade cryptocurrency with FlowBank or Xtrade?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither FlowBank nor Xtrade allow you to trade physical cryptocurrencies.

Who offers more research tools, FlowBank or Xtrade?

In terms of research and research tools FlowBank gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Xtrade has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Autochartist and Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

FlowBank Review

Xtrade Review

Overall winner: FlowBank

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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