FXOpen vs. XTB - Which Forex CFD broker has better trading conditions FXOpen vs. XTB - Which Forex CFD broker has better trading conditions

The foreign exchange market is pivotal in the global financial sector, and the broker a trader chooses can greatly influence their success. In a comparison between FXOpen and XTB, both are distinguished entities in the forex realm. FXOpen provides multiple platforms such as MetaTrader 4, 5, TickTrader, and TradingView, while XTB mostly utilizes its proprietary xStation 5. Both brokers cater to web and mobile trading with diverse device compatibility. FXOpen gives access to seven financial markets, compared to XTB’s six. When it comes to forex, FXOpen operates as an ECN broker with over 50 forex markets, while XTB offers spreads from 0.1 pips with no minimum deposit. For cryptocurrencies, FXOpen offers trading for over 40 crypto CFDs with up to 1:2 leverage, whereas XTB provides more than 10 crypto CFDs available 24/7. FXOpen’s spreads start from 0.0 pips, and XTB has floating spreads. Both provide negative balance protection with similar margin call and stop out levels. FXOpen has diverse deposit and withdrawal methods, whereas specific methods for XTB need verification from their website. Both platforms are suited for all trader levels; hence, choices would be based on personal preferences.

Go to FXOpen Official Website

Or

Go to XTB Official Website

FXOpen vs. XTB – Which is the better broker?

The foreign exchange market is the largest financial market in the world, and choosing the right broker can make a significant difference to a trader’s success. Both FXOpen and XTB are renowned players in the forex trading world. Here’s a comprehensive comparison of the services they offer to help traders make an informed choice.

1. Trading Platforms

FXOpen: They offer multiple platforms including MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. This diverse selection caters to traders with different preferences.

XTB: Primarily operates through its proprietary xStation 5 and the xStation Mobile. The platforms are known for their user-friendly interface and efficient trade execution.

2. Web Trader

FXOpen: Their web terminals are versatile, supporting all modern web browsers, including those on Mac OS and Linux, eliminating the need for downloads or installations.

XTB: Provides the MT5 Web Trade Platform, compatible with major browsers like Chrome, Firefox, Safari, and Opera, and is especially beneficial for advanced traders.

3. Mobile Trading

FXOpen: Offers mobile apps for both MT4 and MT5. They also have a TickTrader Mobile Terminal, which provides real-time market data, including pricing and charts, suitable for traders on the go.

XTB: Traders can access over 2200 CFD markets using the xStation mobile app, ensuring they never miss a trading opportunity.

4. Trading Options

FXOpen: Available across a range of devices – MAC PC, iPad, iPhone, Android devices, and Android Tablets.

XTB: Compatible with MAC PC, iPad, iPhone, Android, and Android Tablets.

5. Number of Markets

FXOpen: Offers seven financial markets, ranging from Forex to Commodities.

XTB: Provides access to six financial markets.

6. Forex

FXOpen: They serve as a true ECN broker with over 50 forex markets, boasting tight variable spreads, low commissions, and a non-dealing desk model.

XTB: Offers low spreads from 0.1 pips with microlot trading available. There is no minimum deposit, ensuring accessibility for various traders.

7. Cryptocurrencies

FXOpen: Trade over 40 cryptocurrency CFD markets, including Bitcoin and Ethereum, with up to 1:2 leverage.

XTB: Offers more than 10 crypto CFDs, including major ones like Bitcoin, Ethereum, and Dogecoin. The market is open 24/7, ensuring constant trading opportunities.

8. Trading Costs

FXOpen: They offer spreads from 0.0 pips, with commissions varying based on account balances and trading volumes.

XTB: Operates with floating spreads and charges via the spread for standard accounts. Pro accounts include a commission for market-level spreads.

9. Leverage

FXOpen: Provides high leverage of up to 1:500, making it attractive for traders looking to maximize potential profits.

XTB: Leverage varies by region, with the EU having a maximum of 30:1 and non-EU regions allowing up to 500:1.

10. Protection & Policies

Both FXOpen and XTB support negative balance protection. FXOpen triggers margin calls at 100% and stop out levels at 50%, while XTB activates margin calls and stop outs at similar levels of 100% and 50% respectively.

11. Special Features

FXOpen: Offers swap-free Islamic accounts in compliance with Sharia laws. They also organize the ForexCup Trading Championship with a whopping $50,000 prize.

XTB: Provides Islamic accounts for specific countries, ensuring global inclusivity. They also offer a unique and flexible loyalty program called Cashback Rebate.

12. Payment Methods

FXOpen: Features multiple deposit and withdrawal methods including FasaPay, Advcash, Bitcoin, Litecoin, Ethereum, and Tether.

XTB: Specific deposit and withdrawal methods weren’t provided in the given data, but it’s crucial to check the broker’s website for the most up-to-date information.

Conclusion

Both FXOpen and XTB offer a robust range of services and features, making them suitable for both novice and experienced traders. Choosing between them would depend on individual preferences such as platform choice, trading costs, and specific market interests. As always, traders should conduct thorough research and perhaps even test the platforms via demo accounts before making a final decision.

Go to FXOpen Official Website

Or

Go to XTB Official Website

Are you interested in trading with XTB?

xtb official website screenshot

STANDARD Account SWAP FREE Account
Execution type Market Market
Available Instruments Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs
Instruments 2200+ 2200+
Maximum Leverage 1:500 1:500
Minimum spread 0.5 0.7
Segregated account’s funds Yes Yes
Minimal Order 0.01 0.01
Automated trading Allowed Allowed
Account setup Free Free
Trading platform xStation WEB, DESKTOP, MOBILE, TABLET xStation WEB, DESKTOP, MOBILE, TABLET
Account setup & management Free Free
Forex, Indices, Commodities No commission No Commission
Cash Stocks N/A N/A
Stock CFDs and ETF CFDs No commission No commission
Swap Charged Swap Free
Cryptocurrencies No commission No commission
Sign Up Open STANDARD Account Open SWAP FREE Account

Open an account with XTB

In the dynamic landscape of global trading, XTB stands tall as a beacon of innovation and trustworthiness. With its roots going nearly two decades back, this company has managed to carve a significant niche in the financial markets, setting itself apart with its dedication to user experience and adherence to stringent global regulatory standards.

Go to XTB Official Website

The Pillars of XTB – A Legacy of Excellence

Boasting almost 20 years of experience, XTB has emerged as one of the paramount stock exchange-listed FX & CFD brokers on a global scale. This isn’t just a statement; it’s a testament validated by its establishment in over 13 countries. Whether you’re in the UK, Germany, or Chile, XTB is a recognizable name synonymous with trading excellence.

Sign up on XTB for free

Core Values: More than Just Words

XTB is driven by values that prioritize its users. At the heart of its operations is the aim to continually optimize the trading experience. These values are:

Technology:
In the digital age, technology is not merely a tool but a driving force. Recognizing this, XTB ardently refines its trading application, the xStation, to echo the latest technological advancements, making it one of the most reliable trading apps out there.
Trust:
Over the span of two decades, XTB has garnered the trust of a whopping 657,000 clients globally. This trust isn’t just based on word of mouth; it’s backed by regulation from the world’s paramount supervision authorities, including the FCA, KNF, CySEC, and FSC.
Support:
Every trader, novice or veteran, values guidance. XTB extends a 24/5 support system with a reservoir of educational materials that cater to all – from beginners taking their first trading steps to seasoned traders looking to refine their strategies.

Go to XTB Official Website

XTB’s Stellar Trading Platform

A trading platform is the essence of a trader’s journey, and XTB’s platform is nothing short of spectacular:

  • User-centric Design: Tailored for both novices and experts, the platform offers total trade transparency, real-time market insights, and an expansive charting package.
  • Trading Diversity: Dive into a world of over 2200 instruments. Whether it’s CFDs for FX, indices, commodities, stocks, or ETFs, XTB has you covered.
  • On-the-Go Trading: With XTB’s new xStation mobile app, the global financial market is just a tap away. Trade from anywhere and access over 1,500 CFD markets, spanning from FX to ETFs.

Get access to XTB’s platforms

Distinctive Features of XTB

Multiple Trading Opportunities:
With access to more than 1500 global CFD markets, traders can explore a plethora of instruments spanning forex, indices, commodities, and more.
Safety First:
XTB prioritizes the security of user funds. Deposits are swift, secure, and retail client funds are meticulously segregated from XTB’s own, ensuring an extra layer of safety.
Robust Regulation:
While XTB’s vast presence is impressive, what adds to its credibility is the stringent regulatory framework it adheres to, with oversight from authorities like the IFSC Belize.
Round-the-Clock Support:
Questions don’t follow a schedule. Neither does XTB’s support. Available 24/5, the support team is ever-ready to address queries and challenges.

Open an account with XTB

Special Incentives: The XTB Cashback Offer

To add a cherry on top, XTB offers a lucrative cashback scheme. This bespoke rebate system is tailored to reward users based on their trading activity. The mechanism is transparent and efficient – cashback is automatically calculated and deposited directly into users’ accounts.

Get Cashback Rebate from XTB

The Assurance of Trading with XTB

Beyond its vast array of features and impeccable service, what makes XTB stand out is its unwavering commitment to transparency and data protection. Whether it’s the regular audits by elite firms like E&Y and PWC or the stringent data protection measures to safeguard client information, XTB goes the extra mile, always.

With such holistic offerings and a track record of consistent excellence, it’s no wonder XTB has become a preferred choice for traders worldwide. Whether you’re just starting out or are an experienced trader seeking a platform that aligns with your ambitions, XTB is the place to be.

Go to XTB Official Website

Are you interested in trading with FXOpen?

fxopen official website screenshot

ECN STP CRYPTO MICRO
Business Model ECN STP ECN MM
Minimum Deposit from $100 from $10 from $10 from $1
Maximum Balance without limitations without limitations without limitations $3,000
Spread floating, from 0 pips floating floating floating
Commission (per 1 mio) from $15 No 0.5% of trade volume round turn No
Execution market market market instant
Requotes/Slippage No/Yes No/Yes No/Yes Yes/No
Minimum Transaction Size 0.01 lots 0.01 lots 0.01 lots 0.01 microlots
Maximum Transaction Size without limitations without limitations without limitations $1,000,000
Open Trades Max not limited* not limited* not limited* up to 100 trades open at the same time
Leverage up to 1:500 up to 1:500 1:3 up to 1:500
Margin Call 100% 50% 30% 20%
Stop Out 50% 30% 15% 10%
Demo Accounts Yes Yes Yes No
Islamic Accounts Yes Yes No Yes
Instruments 50+ FX Spot CFDs
25+ Cryptocurrency CFDs
Shares CFDs
Index CFDs
Spot Metals CFDs
Commodity CFDs
50 currency pairs + gold and silver 43 pairs with BTC, LTC, EOS, PPC, ETH, DASH, EMC 28 currency pairs + gold and silver
Bonuses No Yes No Yes
Hedging Yes Yes Yes Yes
Expert Advisors Yes Yes Yes Yes
Scalping Yes Yes Yes No
News Trading Yes Yes Yes No
Phone Dealing Yes Yes Yes No
Market Depth with Level 2 Quotes Yes Yes Yes No
Sign Up Open ECN Account Open STP Account Open CRYPTO Account Open MICRO Account

Open an account with FXOpen

Since its inception in 2005, FXOpen has swiftly grown to become one of the leading and fastest-growing Forex brokers globally. With a foundation laid down by traders, FXOpen focuses on creating a professional, secure, and user-friendly environment for all its users.

Go to FXOpen’s Official Website

A History of Innovation and Excellence

From the very beginning, FXOpen’s mission has been crystal clear: to simplify Forex trading while ensuring it remains professional, accessible, and secure. The founders, a team of traders themselves, embedded their collective experiences and insights into the company’s core philosophy. Over the years, FXOpen has consistently showcased its commitment by introducing groundbreaking features and technologies in the Forex market.

Explore more about FXOpen

Unique Business Model

In a significant stride, FXOpen became the pioneer in providing its clients with ECN trading via the trusted MetaTrader 4 terminal. With their unique price aggregating technology, traders have access to some of the most competitive spreads in the industry combined with minimal trading commissions. This dedication to innovation was further demonstrated in 2014 when FXOpen began offering Bitcoin trading, positioning itself at the forefront of financial technology trends.

Take advantage of FXOpen’s technology

Diverse Trading Accounts for Every Trader

Recognizing that every trader is unique, FXOpen offers a range of trading accounts including STP, Micro, ECN, and even free unlimited demo accounts. They’ve gone a step further with their Myfxbook automated trading system, which enhances trading capabilities. For traders wanting to leverage the strategies of seasoned experts, FXOpen’s proprietary PAMM technology is a godsend. It ensures a transparent and automatic distribution of profit and loss between strategy providers and followers.

Furthermore, catering to a global audience, FXOpen respects the financial guidelines of Islamic traders by offering SWAP free accounts in alignment with Sharia law.

Sign up on FXOpen

Unparalleled Liquidity

By aggregating liquidity from numerous Tier 1 banks and non-bank liquidity providers, FXOpen ensures that traders experience unparalleled depth, allowing for tight spreads and robust trading options.

Open an account with FXOpen

Commitment to the Traders

At the heart of FXOpen’s operations is a firm commitment to its users. This is evident in their state-of-the-art technology that guarantees swift and error-free order execution, their unwavering customer support, and their strict adherence to trading terms and conditions.

Go to FXOpen Official Website

Advantages That Set FXOpen Apart

  • Cryptocurrency trading: FXOpen was one of the first to offer trading with popular cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Ripple, among others.
  • Varied trading accounts: Be it ECN, STP, Crypto, or Micro accounts, FXOpen caters to every trader’s needs.
  • Competitive spreads: Enjoy spreads starting from an impressive 0 pips.
  • Flexible deposits: Start trading with a deposit as low as $1.
  • Cutting-edge ECN technology: Experience advanced price aggregating ECN technology.
  • High leverage: FXOpen offers a maximum leverage of up to 1:500.
  • Diverse payment options: Choose from a wide range of quick and reliable payment methods.
  • Global presence: Benefit from FXOpen’s vast network of regional offices and representatives.

Open an account with FXOpen

Educational and Analytical Tools

For budding and experienced traders alike, FXOpen provides invaluable resources like economic news, market analyses, and a detailed Forex calendar. These tools empower traders with the knowledge needed to make informed decisions in the volatile world of Forex trading.

Learn how to trade with FXOpen

FXOpen’s ECN Trading

One of FXOpen’s most significant achievements is its transparent and revolutionary ECN trading model. This model democratizes Forex trading by granting all participants, regardless of their capital, equal rights in order execution. The environment is completely transparent, ensuring that all transactions are visible and verifiable. This has been achieved through FXOpen’s innovative technology that aggregates liquidity from various Forex market participants.

Trade in the ECN environment

Simple Steps to Start Trading

Opening an account with FXOpen is a straightforward process. After setting up an eWallet, users can select their preferred account type, accept the necessary documents, and complete the account opening form. To assist newcomers, FXOpen also offers a free demo account, providing a risk-free environment to get acquainted with the dynamics of Forex trading.

Open an account with FXOpen

Broad Market Offerings

Whether it’s forex, indices, shares, commodities, or cryptocurrencies, FXOpen offers competitive spreads and all the benefits that come with an ECN broker, like rapid execution and profound liquidity.

Invest in various financial markets

A Glance at Trading Platforms

FXOpen isn’t limited to just one trading platform. Whether it’s the widely popular MetaTrader 4 and 5 or the innovative TickTrader, traders have a variety of platforms tailored to their needs. These platforms are equipped with advanced features, ensuring traders have all the necessary tools at their fingertips.

Access to FXOpen’s platforms

Collaboration with TradingView

In partnership with TradingView, a global leader in financial visualizations and insights, FXOpen provides its traders with the tools to make more informed decisions. This collaboration offers a unique blend of analytics, speed in execution, and a vast community of traders to interact with.

Start using the Tradingview chart

A Broker You Can Trust

FXOpen stands tall as a trusted name in the Forex industry. With a focus on technological innovation and a trader-centric approach, it’s clear that FXOpen is not just another broker but a partner in a trader’s financial journey. Register with FXOpen today and experience the future of Forex trading.

Go to FXOpen Official Website

FAQs to summarize the article

Which trading platforms are offered by FXOpen and XTB?
FXOpen: MetaTrader 4, MetaTrader 5, TickTrader, and TradingView.
XTB: xStation 5 and xStation Mobile.
How do their web traders compare?
FXOpen’s web terminals support all modern browsers without downloads or installations. XTB provides the MT5 Web Trade Platform, suitable for advanced traders.
What are the mobile trading options available?
FXOpen: Mobile apps for MT4, MT5, and the TickTrader Mobile Terminal.
XTB: xStation mobile app covering over 2200 CFD markets.
How many financial markets do FXOpen and XTB offer?
FXOpen provides access to seven financial markets. XTB provides access to six.
What are the leverage options provided?
FXOpen offers up to 1:500 leverage. XTB offers a maximum of 30:1 in the EU and up to 500:1 in non-EU regions.
Do both brokers offer negative balance protection?
Yes, both support negative balance protection with similar margin calls and stop out levels.
What special features do these brokers offer?
FXOpen: Swap-free Islamic accounts and a $50,000 ForexCup Trading Championship.
XTB: Islamic accounts for specific countries and a Cashback Rebate program.
How do they handle cryptocurrencies?
FXOpen offers trading for over 40 cryptocurrency CFD markets with 1:2 leverage. XTB provides more than 10 crypto CFDs available 24/7.
What trading costs are associated with each broker?
FXOpen: Spreads from 0.0 pips with variable commissions.
XTB: Floating spreads, charges via the spread, and commissions for Pro accounts.
How diverse are their payment methods?
FXOpen offers methods like FasaPay, Advcash, Bitcoin, Litecoin, Ethereum, and Tether. XTB’s specific methods weren’t provided; one should check the broker’s website.
Who would benefit from using FXOpen and XTB?
Both novice and experienced traders, based on preferences such as platform choice, trading costs, and market interests.
How should one decide between FXOpen and XTB?
Traders should conduct research, compare features, and potentially test platforms via demo accounts before making a decision.
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