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Xtrade Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

June 14, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Xtrade, established in 2003, provides an average offering in forex and CFD trading. The broker has a trusted regulatory rating but falls short in key areas like commissions and fees, making it less attractive for most traders.

Overall Rating

6.5 / 10

Minimum Deposit


Trust Score info

Average Risk

Pros and Cons

thumb_up_off_alt Pros

  • Proprietary Platform: Xtrade offers its own proprietary trading platform, providing a unique user experience.
  • Regulated in Multiple Regions: Authorized by Tier-1 regulator ASIC, ensuring compliance with key financial standards.
  • Educational Support: Offers educational resources for forex and CFD trading.

thumb_down_off_alt Cons

  • No MetaTrader Support: Does not offer MetaTrader 4 or MetaTrader 5, which are popular among traders.
  • Average Ratings: Receives average to below-average ratings in key categories such as commissions, platforms, and mobile trading apps.
  • Limited Tradeable Symbols: Provides access to only 142 tradeable symbols, below the industry average.

Ratings Summary

  • Investment Types - 6.5/10
  • Commissions & Fees - 5.0/10
  • Trading platforms - 6.0/10
  • Research - 6.0/10
  • Mobile Apps - 6.0/10
  • Education - 6.5/10
  • Overall - 6.5/10

Can I trust Xtrade?

Yes, you can trust Xtrade. The broker is regulated by ASIC in Australia. With a trust score of 80, Xtrade is considered a "Trusted" broker according to industry research from

Xtrade is currently licensed and/or authorised by the following regulatory bodies:

Is Xtrade good for beginners?

We would not recommend Xtrade for beginners due to the lack of advanced and beginner educational videos and the absence of trading signals. Although it offers some educational resources, the overall rating for education and beginners is average.

Feature Xtrade logoXtrade
Education (Forex or CFDs) info Yes
Client Webinars info No
Videos - Beginner Trading Videos info No
Videos - Advanced Trading Videos info No
Investor Dictionary (Glossary) info Yes

Xtrade commissions and fees summary

Xtrade's commissions and fees are below average, which may not make it the best choice for cost-conscious traders. The broker charges an inactivity fee but offers active trader discounts. The minimum deposit requirement is relatively low, making it accessible for new traders. However, without detailed information on average spread costs for the EUR/USD pair, it's challenging to gauge overall cost efficiency compared to the industry average of 1.08 pips.

Feature Xtrade logoXtrade
Minimum Deposit info $250
Average Spread EUR/USD - Mini info N/A info
Average Spread EUR/USD - Standard info N/A info
All-in Cost EUR/USD - Active info N/A info
Active Trader or VIP Discounts info No

Xtrade trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

Xtrade offers an average selection of trading platforms and tools, primarily relying on its proprietary platform. The overall rating for platforms and tools is average, suggesting that it may not meet the needs of advanced traders.

Trading platforms offered: Proprietary platform.

Trading tools: Basic tools available through the proprietary platform.

Copy trading: Not available.

Feature Xtrade logoXtrade
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info No
Web Platform info Yes
MetaTrader 4 (MT4) info No
MetaTrader 5 (MT5) info No
DupliTrade info No

Mobile trading apps at Xtrade

Xtrade's mobile trading apps are average and may not offer the comprehensive functionality that some traders require. This makes it a less attractive choice for traders who rely heavily on mobile trading.

Feature Xtrade logoXtrade
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info No
Mobile Alerts - Basic Fields info No
Mobile Charting - Draw Trendlines info No
Mobile Watchlist info No

How do I open an account with Xtrade?

  1. Visit the Xtrade website and click on "Open Account."
  2. Fill in the required personal information and create a username and password.
  3. Verify your email address by clicking on the link sent to your inbox.
  4. Complete the KYC (Know Your Customer) process by uploading necessary identification documents.
  5. Fund your account using one of the supported payment methods.
  6. Start trading once your account is verified and funded.

What can I trade at Xtrade?

Xtrade offers 56 forex pairs and 142 tradeable symbols. While this is a decent range for forex trading, the total number of tradeable symbols is below the industry average of 3,623.

Feature Xtrade logoXtrade
Tradeable Symbols (Total) info 482
Forex Pairs (Total) info 56
Social Trading / Copy Trading info No
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Spread Betting info No

Account funding at Xtrade

Xtrade supports multiple funding methods including bank wires, Neteller, credit cards, and Skrill. PayPal is not supported.

Feature Xtrade logoXtrade
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Neteller (Deposit/Withdraw) info Yes

About Xtrade

Xtrade was founded in 2003 and has built a reputation over the years as a trusted broker, regulated by ASIC in Australia, FSCA in South Africa, and FSC in Belize. It provides a unique offering of proprietary trading platforms and a variety of trading options.

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At, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.