Compare FOREX.COM Versus XTB and IC Markets broker accounts.
So you are looking for a broker, Forex.com or XTB who should you choose?
When trading on financial markets you will want to know all about who Forex.com or XTB are, and how they compare. You will naturally want to know how long Forex.com and XTB have been in business and what reputation Forex.com and XTB have. On top of this, you will need to discover if Forex.com and XTB match your trading needs.
Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Forex.com and XTB compare.
Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Forex.com and XTB side by side.
If you're itching to start trading, we can assist you in making a well-informed decision when comparing Forex.com and XTB. By comprehensively comparing Forex.com and XTB features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Forex.com, XTB or an alternative broker.
Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Forex.com and XTB. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Forex.com platform or XTB that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.
Reputation | Support |
---|---|
Great
|
Good
|
Forex.com is regulated by the CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD .
BE
Deposit fee | No | ||
---|---|---|---|
Commission | Yes | ||
Inactivity fee | Yes | ||
Withdrawal fee | No | ||
Min trade | Varies | ||
Max trade | 5 million | ||
Min deposit | $100 |
Credit card | |
---|---|
Bank transfer | |
American Express | |
PayPal | |
Neteller | |
Skrill | |
Bitcoin | |
Payment processing time | |
Varies | |
Withdrawal processing time | |
1-2 business days |
Apple application available | |
Android application available | |
Windows application available | |
Can Set Price alerts | |
Variable spreads (Forex) | |
Scalping trading | |
Hedge trading | |
Stop loss orders | |
Limit orders | |
One click trading available | |
Trailing stops available | |
Expert advisors (Metatrader) | |
Virtual private server (VPS) | |
Direct market access (DMA) | |
ECN broker (Forex ECNs) | |
STP broker (STP) | |
Market maker | |
Trading Signals |
Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView
English, Chinese, Arabic
Forex (Currency) | |
Majors | |
Indices | |
Penny stocks | |
Dow Jones | |
FTSE | |
Dax | |
Nikkei | |
IPO | |
ETFs | |
Bitcoin CFD | |
Metals | |
Agriculturals | |
Energies |
Demo account | |
VIP account | |
Micro account | |
Standard account | |
Zero spread account | |
Islamic account |
The information used on comparebrokers.co was updated directly from the Forex.com website.
Our records were last updated on
.
Reputation | Support |
---|---|
Good
|
Good
|
XTB is regulated by the FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19).
US, IN, PK, BD, NG , ID, BE, AU
Deposit fee | No | ||
---|---|---|---|
Commission | Yes | ||
Inactivity fee | Yes | ||
Withdrawal fee | Yes | ||
Min trade | 0.01 Lot | ||
Max trade | 100 Lot | ||
Min deposit | $0 |
Credit card | |
---|---|
Bank transfer | |
American Express | |
PayPal | |
Neteller | |
Skrill | |
Bitcoin | |
Payment processing time | |
Varies | |
Withdrawal processing time | |
Varies |
Apple application available | |
Android application available | |
Windows application available | |
Can Set Price alerts | |
Variable spreads (Forex) | |
Scalping trading | |
Hedge trading | |
Stop loss orders | |
Limit orders | |
One click trading available | |
Trailing stops available | |
Expert advisors (Metatrader) | |
Virtual private server (VPS) | |
Direct market access (DMA) | |
ECN broker (Forex ECNs) | |
STP broker (STP) | |
Market maker | |
Trading Signals |
MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Forex (Currency) | |
Majors | |
Indices | |
Penny stocks | |
Dow Jones | |
FTSE | |
Dax | |
Nikkei | |
IPO | |
ETFs | |
Bitcoin CFD | |
Metals | |
Agriculturals | |
Energies |
Demo account | |
VIP account | |
Micro account | |
Standard account | |
Zero spread account | |
Islamic account |
The information used on comparebrokers.co was updated directly from the XTB website.
Our records were last updated on
.
Reputation | Support |
---|---|
Good
|
Good
|
IC Markets is regulated by the Seychelles Financial Services Authority (FSA) (SD018).
US, IR, CA, NZ, JP
Deposit fee | No | ||
---|---|---|---|
Commission | Yes | ||
Inactivity fee | No | ||
Withdrawal fee | No | ||
Min trade | 0.01 Lot | ||
Max trade | None | ||
Min deposit | $200 |
Credit card | |
---|---|
Bank transfer | |
American Express | |
PayPal | |
Neteller | |
Skrill | |
Bitcoin | |
Payment processing time | |
Varies | |
Withdrawal processing time | |
Varies |
Apple application available | |
Android application available | |
Windows application available | |
Can Set Price alerts | |
Variable spreads (Forex) | |
Scalping trading | |
Hedge trading | |
Stop loss orders | |
Limit orders | |
One click trading available | |
Trailing stops available | |
Expert advisors (Metatrader) | |
Virtual private server (VPS) | |
Direct market access (DMA) | |
ECN broker (Forex ECNs) | |
STP broker (STP) | |
Market maker | |
Trading Signals |
MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central
English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Forex (Currency) | |
Majors | |
Indices | |
Penny stocks | |
Dow Jones | |
FTSE | |
Dax | |
Nikkei | |
IPO | |
ETFs | |
Bitcoin CFD | |
Metals | |
Agriculturals | |
Energies |
Demo account | |
VIP account | |
Micro account | |
Standard account | |
Zero spread account | |
Islamic account |
The information used on comparebrokers.co was updated directly from the IC Markets website.
Our records were last updated on
.
Forex.com Vs XTB Table of Contents
The Forex.com online trading platform gives traders from all over the world access to over 5,500 financial instruments, XTB include over 6,000 available instruments. There are over 454,000+ registered customers that have taken advantage of the Forex.com platform.
Forex.com are regulated by CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD .
XTB is a renowned Poland financial trading brokerage established in 2002.
XTB serves customers globally and are regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19). Depending on the country you are trading from Forex.com may serve you from a different business entity to comply with its financial regulators.
XTB is listed as a publically traded company on a major stock market. As part of their regulatory requirements XTB has to disclose a yearly report publically. Because of this extra level of auditing and regulation XTB can be considered trustworthy. Forex.com is not listed as a PLC.
XTB is a popular well known financial trading platform serving over 1,000,000 customers.
Below, we will give you a summary of the benefits Forex.com and XTB offer side by side.
Forex.com offers a minimum deposit of 100 while XTB have a 0 minimum deposit.
One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Forex.com or XTB. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Forex.com requires a minimum deposit of 100, whereas XTB mandates a minimum deposit of 0. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Forex.com or XTB, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.
Forex.com allows traders to trade up to 5,500 financial instruments while XTB have around 6,000 on their trading platform.
The more instruments available on Forex.com and XTB trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Forex.com or XTB.
The Forex.com trading platform has 4,500 stocks listed while XTB has 1,696 stocks listed.
Forex.com allows retail traders to trade the following assets Forex, Indices, Commodities, Equities, Cryptocurrencies on the Forex.com Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView trading platforms.
Alternatively XTB allows retail traders to trade Forex, CFDs, Cryptocurrency on the XTB MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) trading platforms.
Compare Forex.com and XTB in more detail below.
Below we compare what drawbacks Forex.com and XTB have side by side.
Various potential downsides can be associated with certain brokers, including Forex.com and XTB. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Forex.com compared to XTB. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Forex.com versus XTB.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Inactivity Fees | Yes | Yes | No |
Withdrawl Fees | No | Yes | No |
Withdrawal Processing Time | 1-2 business days | Varies | Varies |
Min Deposit | 100 | 0 | 200 |
Social Trading | No | No | Yes |
Excluded Countries | BE | US, IN, PK, BD, NG , ID, BE, AU | US, IR, CA, NZ, JP |
The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Forex.com or XTB. A diversified portfolio with Forex.com or XTB can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.
Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Forex.com or XTB, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Forex.com and XTB.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Instruments Available | 5500 | 6000 | 2250 |
Offers share dealing | No | No | Yes |
Number of Shares | 4,500 | 1,696 | 2,100 |
Offers US Stocks | Yes | Yes | Yes |
Offers UK Stocks | Yes | Yes | Yes |
Offers German Stocks | Yes | Yes | Yes |
Offers Japanese Stocks | Yes | Yes | Yes |
Offers Indices Trading | Yes | Yes | Yes |
Number of Commodities | 12 | 21 | 20 |
Offers Metals Commodities | Yes | Yes | Yes |
Offers Energy Commodities | Yes | Yes | Yes |
Offers Agricultural Commodities | Yes | Yes | Yes |
Offers Forex Trading | Yes | Yes | Yes |
Number of Forex Pairs | 80 | 57 | 61 |
Offers Major Forex Pairs | Yes | Yes | Yes |
Offers Minor Forex Pairs | Yes | Yes | Yes |
Offers Exotic Forex Pairs | Yes | Yes | Yes |
Offers CFD Trading | Yes | Yes | Yes |
Offers Social Trading | No | No | Yes |
Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Forex.com and XTB, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Forex.com and XTB offer some form of cryptocurrency trading.
Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.
Investing in cryptocurrencies with Forex.com or XTB is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Forex.com or XTB could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Forex.com, XTB, and all brokers are subject to regulation.
We compare Forex.com vs XTB Crypto options below side by side.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Allows Cryptocurrency Trading (availability subject to regulation) | Yes | No | Yes |
Cryptocurrencies Offered | BTC, BCH, ETH, LTC, XRP | ADA, BTC, BCH, DSH, EOS, ETH, IOTA, LTC, NEO, XRP, XLM, TRX, XEM, XLM, XMR | BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC |
knowing your trading and commission fees with Forex.com vs XTB is extremely important. For the majority of the Forex.com 5,500 financial instruments and XTB 6,000 available financial instruments .
The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Forex.com and XTB. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Forex.com and XTB before you invest because you must know what you are paying.
You ideally want to choose a broker like Forex.com or XTB that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with Forex.com or XTB. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.
Your location or residence will have an impact on your potential Forex.com and XTB fees, of course. Make sure you do your research and check the commission and fees with both Forex.com and XTB before you invest anything.
Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Forex.com or XTB be aware of or 3rd party payment provider fees and currency conversion fees.
Both Forex.com and XTB do charge inactivity fees.
Numerous notifications are usually sent to you as a reminder of dormant Forex.com and XTB accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Forex.com or XTB account, or choose to close it.
Usually, the associated fees for dormant Forex.com or XTB accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Forex.com or XTB trading account activity to avoid any unnecessary fees or charges.
When you deposit money to a broker like Forex.com or XTB you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Forex.com or XTB nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.
Let's see how Forex.com vs XTB compare side by side for commissions and fees.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Min Deposit | 100 | 0 | 200 |
Inactivity Fees | Yes | Yes | No |
Withdrawal Fees | No | Yes | No |
Deposit Fees | No | No | No |
We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Forex.com and XTB platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.
Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Forex.com or XTB demo account.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Offers MT4 | Yes | Yes | Yes |
Offers MT5 | Yes | No | Yes |
Offers cTrader | No | No | Yes |
Trading on your mobile with Forex.com and XTB can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Forex.com and XTB mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Forex.com or XTB. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Forex.com or XTB can help limit your risk and trade on the move.
If you own an iPhone, having an IOS Apple mobile trading app with Forex.com or XTB is essential. Likewise, if you have an android phone, it's crucial to verify if Forex.com or XTB broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Forex.com and XTB have trading apps compatible with your device.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Web Platform | Yes | Yes | Yes |
IOS Trading App | Yes | Yes | Yes |
Android Trading App | Yes | Yes | Yes |
Microsoft Trading App | Yes | No | Yes |
A demo account with Forex.com or XTB is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Forex.com and XTB demo account.
Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.
If you need a micro account check if Forex.com or XTB offer micro trading accounts in your region.
Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.
Forex.com does not offer clients Micro accounts, while XTB does offer clients Micro accounts.
A standard account is available on Forex.com and XTB to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.
Both Forex.com and XTB do offer clients Standard accounts.
A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Forex.com or XTB or alternative.
Forex.com does offer clients MAM accounts, while XTB does not offer clients MAM accounts.
The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.
ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.
If you need a ECN account check they are available with Forex.com or XTB or alternative.
Forex.com and XTB do not offer clients ECN accounts.
An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.
If you need a Islamic account check they are available with Forex.com or XTB or alternative.
Both Forex.com and XTB do offer clients Islamic accounts.
Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.
If you need a STP account check they are available with Forex.com or XTB or alternative.
Both Forex.com and XTB offer clients STP accounts.
A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.
While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.
Forex.com and XTB do not offer clients Managed accounts.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Offers Demo Accounts | Yes | Yes | Yes |
Offers Micro Accounts | No | Yes | No |
Offers Standard Accounts | Yes | Yes | Yes |
Offers MAM Accounts | Yes | No | Yes |
Offers ECN Accounts | No | No | Yes |
Offers Islamic Accounts | Yes | Yes | Yes |
Offers STP Accounts | Yes | Yes | No |
Offers Managed Accounts | No | No | No |
Forex.com and XTB have multiple deposit and withdrawal options. Funding and withdrawing from your Forex.com and XTB accounts to your chosen payment method should be straightforward. Lets see how Forex.com and XTB compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Forex.com or XTB.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Payment Methods | Credit Cards, Debit Cards, VISA, MasterCard, Wire Transfer, PayPal, Electronic wallets (eWallets), | Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Poli, Paysafe, Payoneer, | Credit Cards, Debit Cards, MasterCard, VISA, PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, |
Customer support is essential when trading. Even professional traders will eventually need the help of Forex.com or XTB support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Forex.com and XTB support is always available when needed. Forex.com and XTB customer support is not just useful. broker customer support is crucial to your trading success!
Live chat is important for several reasons. When you encounter a problem with Forex.com or XTB trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.
Both Forex.com and XTB offer livechat support.
When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Forex.com or XTB you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Forex.com or XTB support team to answer satisfactorily. Email support with Forex.com and XTB will be needed.
Both Forex.com and XTB offer email support.
Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Forex.com or XTB. We can get straight to the point, saving us time and frustration.
Both Forex.com and XTB offer phone support.
Lets see how Forex.com and XTB customer support compare side by side.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Offers Live Chat | Yes | Yes | Yes |
Languages | English, Chinese, Arabic | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |
Support Email | [email protected] | [email protected] | [email protected] |
Phone | No | 44 2036953085 | No |
Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Forex.com and XTB are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Forex.com or XTB have these in place, please be extremely cautious before you proceed with them.
We compare Forex.com Vs XTB financial regulation and licensing side by side below.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
FCA Regulation | Yes | Yes | No |
CySEC Regulation | Yes | Yes | No |
MiFID Regulation | No | No | No |
ASIC Regulation | Yes | No | No |
FSCA Regulation | No | Yes | No |
DFSA Regulation | No | Yes | No |
MAS Regulation | Yes | No | No |
We compare Forex.com and XTB educational resources below.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Education Resources | Trading Academy, Courses, Lessons, Webinars, Videos, Market Analysis | Knowledge Base, Videos, Blog Articles, Webinars, Market Analysis Reports provided by XTB analysts | Webinars, Podcasts, Video Tutorials, Help Centre Articles, Blogs |
When trading with either Forex.com or XTB you will want to understand and make full use of all the risk management features on your Forex.com or XTB trading platforms.
We compare side by side the trading risk management features offered by Forex.com and XTB below.
What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.
Both Forex.com and XTB do offer clients hedging.
Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.
Both Forex.com and XTB do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Forex.com or XTB. You must still monitor any live trades and your financial exposure and financial risk.
Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.
Both Forex.com and XTB do offer clients limit orders.
Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.
Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.
Both Forex.com and XTB do offer clients negative balance protection.
Broker | Forex.com | XTB | IC Markets |
---|---|---|---|
Offers Hedging | Yes | Yes | Yes |
Negative Balance Protection | Yes | Yes | Yes |
Guaranteed Stop Loss | Yes | No | No |
Offers Limit Orders | Yes | Yes | Yes |
Offers Trailing Stops | Yes | Yes | Yes |
We hope this Forex.com Vs XTB guide has helped you decide who is best to trade with out of Forex.com and XTB.
When choosing a broker like Forex.com or XTB for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Forex.com or XTB are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Forex.com or XTB, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Forex.com or XTB.
Also, before you sign up with online brokers like Forex.com or XTB, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Forex.com or XTB before investing money into something.
Beware of the risks that come with trading with Forex.com or XTB. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Forex.com and XTB educational resources and financial research tools. If you are new to trading, sign up for a demo account with Forex.com and XTB to find which suits you and your trading style.
Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Forex.com or XTB will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Forex.com and XTB fees match your trading requirements.
Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Forex.com or XTB if your investment strategy is more long-term.
If Forex.com and XTB are not what you are not quite what you are looking for we list some of the best Forex.com and XTB alternatives below.
If you are still looking for an alternative to Forex.com and XTB and want to see how Forex.com or XTB compares Vs other brokers check out the Forex.com Vs and XTB Vs list below.
We answer some of the most frequently asked Forex.com Vs XTB questions below.
Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Forex.com legit? - Forex.com are regulated by CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD and have been in business since 1999
XTB are regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) and have been in business since 2002.
Forex.com does not have a high rating, while XTB does not have a high rating.
Forex.com is regulated by CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD and have been in business since 1999. We recommend looking at a Forex.com alternative that has more financial regulation.
XTB is regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) and have been in business since 2002. We recommend looking at a XTB alternative that has more financial regulation.
Forex.com and XTB are regulated, which means that as part of their regulatory obligations Forex.com and XTB have to offer a certain level of financial protection to their clients. Forex.com and XTB should by law keep client funds separate from Forex.com and XTB funds. If either Forex.com or XTB goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Forex.com and XTB websites and regulators.
Forex.com and XTB offer low deposits and access to a selection of market insights and news resources. Both Forex.com and XTB offer demo accounts. Demo trading accounts are a big plus for Forex.com and XTB as it shows they are interested in their customers.