DMM FX vs XTrade

DMM FX vs XTrade Comparison Table 2024
DMM FX XTrade
DMM FX has closed.
1.9

Trade a range of products on the MetaTrader platforms at DMM FX.

Established for over 10 years, XTrade has been providing forex and CFD trading services to clients in over 25 countries. Registered in Belize, this brokerage aims to offer cutting edge technology with its proprietary trading platform, plus reliable 24/5 customer support and robust account security.

Customer Reviews
4.7
Comment by Reviewer
"XTrade is a good option for experienced traders looking for strong market access, including bonds, cryptocurrencies and cannabis stocks. It will also serve traders looking for high leverage up to 1:400."
Pros
  • Beginner-friendly forex education and blog, plus economic calendar and financial news
  • Good range of financial markets, ideal for those looking to build a diverse portfolio
  • Real-time market data, advanced tools and in-depth market analysis
  • 24/5 multilingual customer support via email, telephone or live chat
  • Accessible deposit options with fast account funding and no fees
  • Commission-free trading
  • Autochartist signals
Cons
  • High $250 minimum deposit compared to alternatives
  • Below average fees with wide spreads
  • No cryptocurrency and Bitcoin trading
  • $50 inactivity fee after 3 months
  • No automated trading capabilities
  • Only one platform available
  • UK clients not accepted
  • No MetaTrader integration
  • No Islamic account
Awards
  • Best Broker Middle East 2016 - Forex Report
  • Best Mobile Platform 2016 - FX Empire
  • Best Forex Broker 2016 - FFXPO Awards
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$200 $250
Trading Platforms
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, IFSC
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Commodities
CFD Trading
Trade flexible CFDs on the financial markets. Trade CFDs across a broad range of markets including indices, commodities, and bonds. You can also take advantage of the platform's integrated signals service, although the lack of additional platforms is limiting.
Leverage
1:400
FTSE Spread
Floating 5 pts
GBPUSD Spread
Floating 2.5-5 pips
Oil Spread
Floating 5 pips
Stocks Spread
Floating Variable
Forex Trading
Trade majors, minors and exotics. XTrade offers a strong range of 56 forex pairs, however spreads are not very competitive, starting from 1.7 pips on the EUR/USD. The in-house platform also doesn't rival MetaTrader 4.
GBPUSD Spread
Floating 2.5-5 pips
EURUSD Spread
Floating 1.7-5 pips
EURGBP Spread
Floating 3-5 pips
Assets
56
Cryptocurrency
Trade on top cryptocurrency assets. Crypto trading not offered
Spread
Floating
Coins
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
Yes No
Crypto Staking
No No
Auto Market Maker
No No
DMM FX has closed.
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