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XTRADE , EagleFX Broker Comparison
Do you want to know which is the better broker between XTRADE and EagleFX ?
In the table below, you can compare the features of XTRADE , EagleFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
1.78
Not Regulated
Under guarantee
5-10 years
ASIC,CYSEC,FSCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Premium,Platinum,Standard
--
$25,000
--
--
0.00
Fixed
--
--
1.57
Not Regulated
Under guarantee
--
--
5-10 years
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
EagleFX
55 CURRENCIES ,10 Indices , 33 DIGITAL
$10
1:500
--
0.00
--
0.01 MIN LOT
--
XTRADE 、 EagleFX BrokerRelated News
XTRADE BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do xtrade and eaglefx have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
xtrade
| XtradeReview Summary | |
| Founded | 2022-07-18 |
| Registered Country/Region | Belize |
| Regulation | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Market Instruments | CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and more |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 2 pips |
| Trading Platform | Xtrade(Web/Mobile/Tablet) |
| Min Deposit | $250(Standard account: $200) |
| Customer Support（24/7） | Email: info@xtrade-dm.net/support@xtrade-dm.net |
| Tel: +852 58080622 | |
| Fax: +61(2)99292055(Australia)/+44(0)2081049401(UK) | |
| Social Media: Facebook, Twitter, LinkedIn, Instagram, YouTube | |
Xtrade Information
Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Demo account available | Some negative Comments |
| 24/7 customer support | Spreads from 2 pips |
| Various tradable instruments | MT4/MT5 available |
| accessible office website | |
| First deposit bonus up to $5000 |
Is Xtrade Legit?
It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | FSC | Xtrade International Ltd. | Common Financial Service License | IFSC/60/383/TS/15 | Exceeded |
 | ASIC | Xtrade International Ltd | Market Making(MM) | 343628 | Revoked |
 | CYSEC | Merba Limited | Market Making(MM) | 108/10 | Suspicious Clone |
What Can I Trade on Xtrade?
Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
Account Type
Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Standard | Premium | Platinum | Vip |
| Minimum Deposit | $200 | $1000 | $5000 | $25000 |
| Minimum spread(EURUSD) | 5 pips | 3 pips | 3 pips | 2 pips |
| Commission Free Deposits | ✔ | ✔ | ✔ | ✔ |
| Demo account | ✔ | ✔ | ✔ | ✔ |
Xtrade Fees
The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.
Trading Platform
Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.
| Trading Platform | Supported | Available Devices | Suitable for |
| Xtrade APP | ✔ | Web, Mobile, Tablet | All traders |
Deposit and Withdrawal
The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals.
Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeks
Bonus
Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.
eaglefx
| Quick EagleFX Review Summary | |
| Founded in | 2004 |
| Registered in | Dominic |
| Regulated by | No regulation |
| Trading Instruments | 100+, cryptocurrencies, currencies, commodities, indices, futures, stocks |
| Demo Account | ✅ |
| Min Deposit | / |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | MT4 (Windows, iOS, Android), Web Trader |
| Deposit & Withdrawal Fee | ❌ |
| Customer Service | 24/7 live chat, contact form, request a callback |
EagleFX Information
EagleFX is an online forex and cryptocurrency STP broker offering investors CFDs on hundreds of assets and the optimal trading environment. EagleFX offers deep liquidity, up to 1:500 trading leverage, and some of the best spreads in the industry. EagleFX is not currently subject to any active regulation.
Pros and Cons
| Pros | Cons |
| Wide range of market instruments | Lack of regulation |
| Demo accounts | Unclear fee structure |
| MetaTrader 4 platform | |
| No deposit/withdrawal fee | |
| 24/7 live chat support |
Is EagleFX Legit?
EagleFX is registered in Dominic, but it is not regulated by any reputable financial authority. It's crucial to understand the risks associated with trading with an unregulated broker. Without oversight from regulatory bodies, there is a higher risk of unfair practices and inadequate protection of clients' funds. Traders must conduct thorough research and exercise due diligence before considering opening an account with an unregulated broker. It is important to prioritize the safety and security of funds by choosing a broker that is regulated by recognized financial authorities.
Market Instruments
EagleFX offers 100+ trading instruments, including cryptocurrencies, currencies, commodities, indices, futures, and stocks.
| Tradable Assets | Available |
| Cryptocurrencies | ✔ |
| Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Futures | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
EagleFX offers leverage up to 1:500. It's important to note that while leverage can increase potential gains, it also magnifies potential losses. Traders should exercise caution and carefully manage their risk when utilizing leverage.
Trading Platforms
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ✔ | Windows, iOS, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
FAQs
Is EagleFX a regulated broker?
No, EagleFX is not a regulated broker.
What trading instruments are available at EagleFX?
EagleFX offers a 100+ trading instruments, including cryptocurrencies, currencies, commodities, indices, futures, and stocks.
Does EagleFX offer demo accounts?
Yes.
What trading platforms does EagleFX offer?
Web Trader and MT4 for Windows, iOS, and Android.
What is the maximum leverage offered by EagleFX?
1:500.
Do xtrade and eaglefx have lower transaction costs?
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 xtrade and eaglefx are, we first considered common fees for standard accounts. On xtrade, the average spread for the EUR/USD currency pair is -- pips, while on eaglefx the spread is --.
Which broker between xtrade, eaglefx 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.
xtrade is regulated by ASIC,CYSEC,FSCA. eaglefx is regulated by --.
Which broker between xtrade, eaglefx 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.
xtrade provides the VIP,Premium,Platinum,Standard platform with products like --; eaglefx offers the EagleFX platform featuring assets including 55 CURRENCIES ,10 Indices , 33 DIGITAL.
