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XTB vs Forex.com
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Compare XTB vs Forex.com Side by Side
Can’t decide between XTB and Forex.com and have doubts of which broker is actually better? Use our detailed guide of XTB Review vs Forex.com Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | XTB | Forex.com |
|---|---|---|
| Website | //www.xtb.com | //www.forex.com |
| Founded year | 2002 | 1999 |
| Headquarter | UK | USA |
| Licenses | UK, Poland, Belize, Spain | USA, UK, Australia, Japan, Singapore, Canada, Cayman Islands, Cyprus |
| Minimum Deposit | US$ 0 | US$ 100 |
| Trading Platforms | MT4, xStation 5 | MT4, MT5, FOREX.com Platforms |
| Eurusd avg Spread | 0.8 pips | 1.3 pips |
Licenses
| Feature | XTB | Forex.com |
|---|---|---|
| Licenses Countries Info (short) |
|
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Both XTB and Forex.com are respected brokers overseen by authoritative regulatory bodies and possess multiple top-tier licenses. Nevertheless, Forex.com has a more comprehensive regulatory framework, as it is regulated by several jurisdictions, including Canada, the UK, and the US.
Broker Types
| Feature | XTB | Forex.com |
|---|---|---|
| Broker types |
|
|
XTB focuses on prompt order execution and cost-effectiveness using the STP model. In contrast, Forex.com utilizes both STP and DMA methods to ensure improved liquidity and attractive pricing based on the specific trading instrument. Each offers solutions tailored to various trading preferences and tactics.
Trading Conditions
| Feature | XTB | Forex.com |
|---|---|---|
| Trading Conditions |
|
|
Both XTB and Forex.com provide trading conditions ideal for novices looking for narrow spreads and the adaptability to use strategies such as scalping, hedging, and high-leverage trading, all free from commissions or spreads. Additionally, each broker offers guaranteed stop-loss orders, granting traders an additional safeguard for their investments.
Fees & Commissions
| Fees & Commissions | XTB | Forex.com |
|---|---|---|
| Inactivity Feemonth | $10 | 15$ |
| Deposit fee | 0 $ | 0$ |
| Withdrawal fee | 0 $ | 0$ |
| Rollover fee eurusd buy 1 lot | -0.000940% | -2.5% |
| Rollover fee eurusd sell 1 lot | +0.004617% | 2.5% |
| Avg Eurusd standard acc | 0.8 pips | 1.3 pips |
| Gold | 35 | 0.4 |
| Brent oil | 4 | 5 |
| Bitcoin | 1% | 35 |
While both brokers abstain from charging deposit and withdrawal fees, they do levy an inactivity fee. Moreover, both brokers boast spreads that are significantly more competitive than the industry norm.
Account Types
| Feature | XTB | Forex.com |
|---|---|---|
| Account types |
|
|
Each broker offers a variety of account choices with ultra-competitive spreads, tailored to suit a wide array of trading preferences and to accommodate traders with different skill levels. Furthermore, both brokers present Islamic Accounts, ensuring they cater to traders following Islamic financial guidelines.
Markets & Instruments
| Markets & Instruments | XTB | Forex.com |
|---|---|---|
| Forex | 57 | 84 |
| Indices | 42 | 17 |
| Commodities | 1849 | 29 |
| Cryptocurrencies | 25 | 4 |
| Shares | 1849 | 4000+ |
| Bonds | ❌ | ✔️ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ✔️ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 119 | ❌ |
XTB and Forex.com both extend a comparable range of trading markets to their users. While each offers a selection that may seem limited in terms of the number of instruments, there are distinct features that set them apart. For instance, XTB distinguishes itself by presenting an extensive array of ETFs and a more comprehensive assortment of commodities. On the other hand, Forex.com broadens its portfolio by offering Bond CFDs and additionally provides Spread Betting opportunities specifically for its UK-based traders.
Trading Platforms
| Feature | XTB | Forex.com |
|---|---|---|
| Platforms |
|
|
Forex.com offers its clients a varied selection of trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, and a custom platform specifically designed for its users. In contrast, XTB provides the option of MetaTrader 4 in addition to its own in-house trading platform.
Deposit & Withdrawal Methods
| Feature | XTB | Forex.com |
|---|---|---|
| Payment methods |
|
|
Both XTB and Forex.com offer an identical array of deposit methods, encompassing credit/debit cards and several e-payment platforms. XTB stands out for newcomers by not requiring a minimum deposit, making it more accessible. Meanwhile, Forex.com has a set minimum deposit of $100, targeting traders who have a bit more capital to start with.
Others
| Feature | XTB | Forex.com |
|---|---|---|
| Others |
|
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Others
Both XTB and Forex.com stand out for their commitment to superior customer service, offering live chat, phone support, and email assistance 24/5. Moreover, these brokerage firms prioritize empowering their clients by offering a plethora of educational resources. This includes webinars, detailed guides, and an array of useful tools. Forex.com goes a step further by also organizing seminars, all aimed at refining traders’ skills and expanding their trading acumen.
Conclusion on Forex.com vs XTB
In summary, XTB and Forex.com both uphold strong reputations, offering competitive trading conditions characterized by narrow spreads, along with comprehensive educational and support resources. Forex.com is particularly suited for UK traders with an inclination towards Spread Betting, while XTB is the go-to for those keen on trading ETFs. Additionally, XTB has the edge in accessibility with its zero-dollar minimum deposit requirement. Here is our final recommendation:
- XTB – 🥇 Best Broker for Commodity Trading suitable for beginning traders and regular-size traders internationally.
- Forex.com —
Best Broker for Currency Trading offering ultra-low trading spreads and comprehensive trading tools
