Company summary
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INFINOX , Xtrade Broker Comparison
Do you want to know which is the better broker between INFINOX and Xtrade ?
In the table below, you can compare the features of INFINOX , Xtrade side by side to determine the best fit for your needs.
- WikiFX rating
- Basic Information
- Benchmark
- Account
- Relevant information
- Relevant exposure
- WikiFX rating
- Basic Information
- Benchmark
- Account
- Relevant information
- Relevant exposure
2 / 3 brokers in total
WikiFX rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost
- (EURUSD)
- Average transaction cost
- (XAUUSD)
Rollover Cost
Rollover cost rating
- Average transaction cost
- (EURUSD)
- Average transaction cost
- (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
1.4
Suspicious Clone
Under guarantee
2-5 years
FCA
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7.04
Regulated
Under guarantee
10-15 years
ASIC,FSC,CYSEC
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VIP,Platinum,Premium,Standard
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$20000
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0.00
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INFINOX 、 Xtrade BrokersRelevant information
INFINOX 、 Xtrade BrokersRelevant exposure
Which broker is more reliable?
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 infinox, 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:
Forex broker introduction
infinox
General Information & Regulation
This Infinox says it is a forex broker registered in UK, offering trading in forex currency pairs, indices, equities, commodities, and futures. This Infinox is a clone firm which traders should stay away from.
Markets Instruments
Infinox offers five main asset classes:
Forex – Trade 50 of the most popular currency pairs, including AUD/USD, EUR/USD, and EUR/GBP
Indices – Trade on some of the worlds largest indices, including the FTSE100 and DAX40
Commodities – Trade on hard and soft commodities such as gold, silver, and oil
Equities CFDs – Buy and sell stocks in the worlds biggest companies, including Google and Facebook
Futures – Trade on futures with real-time Direct Market Access (DMA)
Minimum Deposit
There are three account types to choose from at Infinox. For the STP/ECN accounts, the minimum deposit is just £1 (or EUR/USD/AUD) and for the futures CQG account, the minimum deposit is $5,000.
Leverage
Leverage for forex, commodities, and indices ranges from 1:10 and 1:30. Leverage is capped due to ESMA regulations, but still provides enough flexibility for traders to substantially increase their positions
Spreads & Commissions
Typical spreads on major currency pairs start at 0.3 pips for EUR/USD, 0.5 pips for GBP/USD, and 0.8 for EUR/GBP. For indices like the FTSE 100, typical spreads are 100 points and for commodities, spreads are 22 for gold and 27 for silver. Commissions are variable on equity CFDs and futures. Details of specific commission charges can be found on the brokers website, but generally, charges are 3.5 for futures and 0.10% for equity CFDs.
Trading Platform Available
Infinox is an unregulated broker, it offers the counterfeit MT4 trading platform where trading on it is full of risks.
Deposit & Withdrawal
Deposits and withdrawals can be made via debit/credit card, Skrill, Neteller, or bank transfer. Infinox does not charge for deposits, however, there may be intermediary fees.
xtrade
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.
Risk Warning
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
| Feature | Detail |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Found | 2000 |
| Market Instrument | CFDs, indices, commodities, forex, stocks, ETFs, bonds, etc |
| Account Type | Standard, Premium, Platinum and VIP |
| Demo Account | yes |
| Maximum Leverage | 1:400 |
| Spread (EUR/USD) | 5 pips |
| Commission | $0 |
| Trading Platform | WebTrader |
| Minimum Deposit | $250 |
| 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.
Market Instruments
Xtrade provides investors with mainstream and tradable financial instruments in the global financial markets, including CFDs, indices, commodities, forex, stocks, ETFs, bonds, etc.
Account Types
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.
Leverage
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.
Educational Resources
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.
Customer Support
XTrade provides also multiple support that increases the trading experience. Traders can reach out customer team through live chat, email (info@xtrade.com) 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
| 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？ |
| A 2: | Yes. |
| 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. |
Are the transaction costs and expenses of infinox, xtrade lower?
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 infinox and xtrade are, we first considered common fees for standard accounts. On infinox, the average spread for the EUR/USD currency pair is -- pips, while on xtrade the spread is --.
Which broker between infinox, xtrade is safer?
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.
infinox is regulated by FCA. xtrade is regulated by ASIC,FSC,CYSEC.
Which broker between infinox, xtrade provides better trading platform?
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.
infinox provides trading platform including -- and trading variety including --. xtrade provides trading platform including VIP,Platinum,Premium,Standard and trading variety including --.