Xtrade vs IronFX: Which One is Better for You?


Xtrade vs IronFX, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Xtrade vs IronFX, here is the direct comparison:

Feature
Go to Xtrade

Go to IronFX

Rating

General Rating 3.15/5
3.48/5
Trustpilot 3.1/5

rated by 39 users
2.9/5

rated by 166 users

General Information

Office(s) Cyprus Australia, Cyprus, Czech Republic, South Africa, Spain and United Kingdom
Regulation ASIC 342628
CySEC, 108/10
IFSC (Belize), IFSC/60/383/TS/15
NAFD (Russia), A
ASIC, 417482
CySEC 125/10
FCA (UK), 585561
FSCA (South Africa), 45276
Established 2010 2010
Minimum Deposit $100 $100
Maximum Leverage 1:400 1:30
Spread Fixed Variable
Commissions $18
Minimum Position 0.01 lot 0.01 lot
Payment CashU, Credit/debit cards, giropay, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Wire transfer and Yandex.Money Bitcoin, Credit/debit cards, Ethereum, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer
Official Website Visit Xtrade Visit IronFX

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, English, Russian, Spanish Arabic, Chinese, Czech, Dutch, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Malay, Persian, Portuguese, Russian, Spanish
Email Support
Call Support
Chat Support

Reviews

General Review Read Xtrade Review Read IronFX Review
User Reviews

lia Mirsa

Apr 20 2021

Using this opportunity, I would love to appreciate fightingscams AT aol DT com for assisting me when I lost all my funds to this broker. I am glad I reached out to them early.


Josh

Sep 26 2020

DO NOT use Xtrade. I've been waiting more than 6 weeks to withdraw money from account, support is non existent. DO NOT USE XTRADE.


sanoor1987

Sep 25 2020

Please dont deposit your money with Xtrade. It is a fraud company. I lost all my hard earned money trading with them. Guys please stay away.


Andres

Sep 25 2020

One of their representatives abused trust by funding my account without my permission and opened positions. I lost 13KUSD in one day. Absolutely the worst broker.


Yeu Ling

Sep 24 2020

They convince you and they are so knowledgeable in sucking all money you have and they even beg you to put other cards. The audacity.


Markruinat

Sep 23 2020

High spread. Delaying the entranec than always buying against us. Take it easy the stop loss. Take profit will always take over the chosen level. Do not recomend to use this broker.


Patel Karate

Sep 22 2020

They are Just cheaters. Knows how to take money even without activating the account and never knows how to return the money.


Brony

Sep 21 2020

They are scam. You could lose all your money really fast.


Peter Hu

Sep 20 2020

I got heavily robbed by XTRADE. I read a lot of complaints about XTRADE on FPA. However, there is no information from somebody who successfully got his money back.


Lima Simon

Sep 19 2020

Xtrade is a new name for old broker Xforex. As an ex-employee I would strongly advise to avoid this broker. Read comments about Xforex to find out who you are dealing with.


julie4444

Sep 18 2020

They closed my trade unfairly. They are deceiving too. They are really bad broker.


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Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Xtrade provides their pricing with Fixed while IronFX offers Variable.



Xtrade vs IronFX: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, Xtrade enables trading with XTrade Platform. The offer is supported with Browser-based platform, Pending orders. In comparison, IronFX provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is Xtrade or IronFX better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, Xtrade supports trading with Forex, Stocks, Indexes, Cryptocurrencies, while IronFX presents the ability of trading with Forex.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

Looking for more references? Here are other comparisons related to Xtrade and IronFX:

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