Do you want to know which is the better broker between Grand Capital and Xtrade ?
In the table below, you can compare the features of Grand Capital , Xtrade side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of grand-capital, xtrade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information & Regulation
Grand Capital Holdings Limited is a financial services firm based in Hong Kong. Its wholly owned subsidiaries of Grand Capital Securities Limited and Grand Capital Futures Limited, offer execution and advisory services to individuals, corporations and institutions through its brokerage, wealth management, asset management and institutional divisions. Clients can utilize self-directed and advisor assisted channels to access global markets and gain exposure to multiple asset classes. Grand Capital is licensed by SFC to conduct type 1, 2, 4, 5 and 9 regulated activities and holds trading and clearing memberships on the Stock Exchange of Hong Kong and Hong Kong Futures Exchange.
Products offered by Grand Capital Holdings Limited include Securities, Futures, Stock Options, and Fixed Income.
Services offered by Grand Capital Holdings Limited include Brokerage services, Wealth Management, Asset Management, Institutional Services.
Trading Platform Available
Grand Capital Holdings Limited gives its clients give two choices: iTrade and WebTrade.
TheGrand Capital Holdings Limited customer support can be reached through telephone: Tel +852 3891 9888, Fax: +852 2529 2899 , as well as email: email@example.com.
Note: Xtrades official site - http://www.xtrade.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||CFDs, indices, commodities, forex, stocks, ETFs, bonds, etc|
|Account Type||Standard, Premium, Platinum and VIP|
|Spread (EUR/USD)||5 pips|
|Deposit & Withdrawal Method||credit/debit cards and bank transfers|
Xtrade was founded in 2000 and based in Melbourne, Australia, is a online trading broker. It currently holds a full license from the Australian Securities and Investments Commission (ASIC), a suspicious clone license from the Cyprus Securities and Exchange Commission (CYSEC), and an offshore retail forex license from the Financial Services Commission (FSC) of Belize.
Note: The screenshot date is January 29, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Xtrade provides investors with mainstream and tradable financial instruments in the global financial markets, including CFDs, indices, commodities, forex, stocks, ETFs, bonds, etc.
Xtrade has set up four account types, namely Standard (minimum deposit of $250), Premium (minimum deposit of $1,000), Platinum (minimum deposit of $5,000), and VIP (minimum deposit of $20,000). The broker also offers demo trading.
The maximum leverage for forex is 1:400 for major currency pairs, 1:250 for minor currency pairs, and 1:100 for low-volume currency pairs. 1:50 to 1:200 for commodities, 1:50 to 1:300 for indices products, 1:10 for stocks, also 1:10 for bonds, and 1:10 to 1:50 for ETF products.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Only spreads are charged when trading on this platform. Forex spreads for major currency pairs are 5 pips for EUR/USD and 1 pip for minor currency pairs. The spread for XAUUSD is 6 pips, for XAGUSD 3.6 pips, and natural gas 3.4 pips. Index products have a spread of 6 pips for the Russell 2000 and 3 pips for the US 500. The minimum spread for bond products is 2.2 pips and for ETF products is 2.1 pips. Al charging no commissions.
Trading Platform Available
Xtrade's trading platform, Xtrade WebTrader, is a browser-based web platform that makes it easier for traders to browse the best market analysis available and execute trades and orders quickly and easily, with no downloads required. The mobile application features an intuitive multi-asset application that includes full functionality for all major technical indicators and a wide range of tools for real-time charting. In addition, a tablet trading application is supported, which features an advanced graphical interface for fast trading and deposit, full activity reports, intuitive navigation, and alert settings.
Deposit & Withdrawal
Xtrade welcomes credit/debit cards and bank transfers. The company does not charge users for accessing funds, but banks and transfer banks may charge related processing fees, which are the responsibility of the user. If the user opens a position, the full available amount cannot be withdrawn. The margin needs to be maintained at a minimum amount: (available margin - maintenance margin) + margin ≥ 1% = maximum withdrawal amount.
Withdrawals and deposits must be done via the same payment method and the broker does not accept third-party withdrawals. It takes up to 5 business days to be processed.
There is no indication of what currencies can be used. Since the broker deals with many countries it would probably be the usual currencies such as AUD, USD, GBP, ZAR, and others.
Traders can develop trading skills and strategies with professional trading tools, along with educational resources and daily market reviews, which makes it possible for beginners to join as well. In addition, there is an economic calendar, analysis tools and News feed inbuilt into the platform, daily analysis videos and other educational support essential for everyday trading.
XTrade provides also multiple support that increases the trading experience. Traders can reach out customer team through live chat, email (firstname.lastname@example.org) or phone lines (+44 2038074001), also due to international coverage, there is multilingual support and centres that run 24/5. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: 35 New Road, 2nd floor flat, Belize City, Belize
Pros & Cons
|• Regulated by ASIC||• FSC license is offshore, CYSEC license is a suspicious clone|
|• Multiple trading instruments and account types||• Website inaccessible|
|• Demo accounts available||• High minimum deposit ($250)|
|• Educational tools provided|
Frequently Asked Questions (FAQs)
|Q 1:||Is XTrade regulated？|
|A 1:||Yes. It is regulated by Australia Securities & Investment Commission (ASIC).|
|Q 2:||Does XTrade offer demo accounts？|
|Q 3:||Does XTrade offer the industry-standard MT4 & MT5？|
|A 3:||No. Instead, it offers a WebTrader.|
|Q 4:||Does Xtrade charge commission？|
|A 4:||No. Xtrade does not charge commissions, only spreads are calculated.|
|Q 5:||What is the minimum deposit for XTrade？|
|A 5:||The minimum initial deposit to open an account is $250.|
|Q 6:||Is XTrade a good broker for beginners？|
|A 6:||Yes. XTrade is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.|
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive grand-capital and xtrade are, we first considered common fees for standard accounts. On grand-capital, the average spread for the EUR/USD currency pair is -- pips, while on xtrade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
grand-capital is regulated by SFC. xtrade is regulated by ASIC,FSC,CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
grand-capital provides trading platform including -- and trading variety including --. xtrade provides trading platform including VIP,Platinum,Premium,Standard and trading variety including --.