FXORO vs XTB
| FXORO Review 2023 | XTB Review 2023 |
|---|---|
2.8
|
4.8
|
 Traders from US not accepted
|
Traders from US not accepted
|
|
FXORO is an international brokerage firm founded in 2010 and based in Cyprus. The firm is regulated by the Cyprus Securities and Exchange Commission (CySEC) and provides consistent trading conditions with negative balance protection and free membership to the investor's compensation fund. |
XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA. |
| 81% of retail accounts lose money. | |
| Promotions | |
| Comment by Reviewer | |
| "Based on my time testing the platform, I think FXORO best suits experienced traders who use active, high-volume strategies and appreciate ECN pricing with narrow spreads. That said, I do think the asset line-up and choice of platforms could be expanded to compete with the top brands." | "XTB is a great option for beginners with a user-friendly platform, no minimum deposit and low trading fees. The free education center is also a bonus, as well as the straightforward account opening process." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| CFDs, Forex, Shares, Indices, Commodities, ETFs, Cryptos | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $200 | $0 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| CySEC | FCA, CySEC, IFSC, KNF, DFSA |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 4.5% | |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | 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 | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | iOS, Android & Windows |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $25 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| My tests found that FXORO provides offers an average range of CFD products, covering forex, cryptos, commodities and equities. All these assets can be charted and analyzed manually or automatically with ease through the MetaTrader 4 platform. | Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. Retail traders also get negative balance protection and zero commissions. |
| Leverage | |
| 1:30 | 1:500 |
| FTSE Spread | |
| 2 (Fixed Account) | 0.08% |
| GBPUSD Spread | |
| 3 (Fixed Account) | 0.1 pips |
| Oil Spread | |
| 4 (Fixed Account) | 0.03 pips |
| Stocks Spread | |
| From 7 (Fixed Account) | 0.2% variable |
| Forex Trading | |
| FXORO has a decent range of forex products on offer, although I would have preferred to see greater opportunities within the exotic currency markets. However, the 60 pairs that clients can trade are supplemented by MT4 access and leverage rates of up to 1:30. | Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees. |
| Forex App | |
With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here. |
|
| GBPUSD Spread | |
| 3 (Fixed Account) | 0.1 |
| EURUSD Spread | |
| 2 (Fixed Account) | 0.2 |
| EURGBP Spread | |
| 3 (Fixed Account) | 0.1 |
| Assets | |
| 60+ | 45+ |
| Cryptocurrency | |
| FXORO clients can access a mediocre range of 9 cryptocurrencies, consisting of key players like Bitcoin, Ethereum and Litecoin. Whilst this is more substantial than many brokers, I feel a much greater range would be required to compete with the top crypto brokers. | XTB offers an excellent range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts. |
| Spread | |
| Bitcoin: $80 over market price (Fixed Account) | From 0.22% |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| 81% of retail accounts lose money. | |
| More Comparisons | |
|
FXORO vs |
XTB vs |