Explore our detailed analysis of XTB vs. FOREX.com. We meticulously assess trading costs, platforms, and other vital factors to guide you to your ideal broker.
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We’ve extensively tested both XTB and FOREX.com, two leading forex brokers. Based on our hands-on experience, we present a direct comparison to inform your trading decisions. Both have distinct strengths and potential drawbacks to consider.
XTB and FOREX.com are two of the most reputable forex brokers in the industry. While both offer competitive spreads, a wide range of trading instruments, and top-tier regulation, they differ in trading platforms, execution speed, and customer service.
XTB and FOREX.com have their strengths with regard to trading costs.
We notice distinct differences when we examine the usual account spreads for XTB and FOREX.com. XTB often has lower spreads for many forex pairs, but for the USD/CAD, FOREX.com’s spread is much higher. For traders who often deal with these pairs, XTB might be a cheaper option.
Looking at these brokers against the industry standard, things are more detailed. XTB often has spreads lower than most in the industry, but FOREX.com’s spreads can be similar or even higher than the average. So, XTB might give better value with their spreads, but FOREX.com’s prices match what’s common in the industry.
| Forex Pair | XTB | FOREX.com | Industry Average |
|---|---|---|---|
| EUR/USD | 0.9 | 1.2 | 1.18 |
| USD/JPY | 1.4 | 1.5 | 1.37 |
| GBP/USD | 1.4 | 1.6 | 1.51 |
| AUD/USD | 1.3 | 1.4 | 1.41 |
| USD/CAD | 1.8 | 2.6 | 1.70 |
| EUR/GBP | 1.4 | 1.5 | 1.56 |
| EUR/JPY | 1.4 | 2.8 | 1.85 |
| AUD/JPY | 1.7 | 2.3 | 2.09 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
In conclusion, if you’re looking for the cheapest option in terms of spreads, XTB is the better choice. However, it’s important to remember that spreads are just one factor when choosing a forex broker. You should also consider other factors like platform quality, customer service, and regulatory status.
For traders looking for even lower spreads, XTB and FOREX.com offer RAW accounts. These accounts typically feature tighter spreads and a commission per trade. Discover more about forex brokers with zero pip accounts.
Both brokers charge competitive commission rates, particularly for high-volume traders. It’s essential to check the specific rates for the instruments you plan to trade. Check out these low commission forex brokers.
Neither XTB nor FOREX.com charges any fees for deposits or withdrawals, which is a significant advantage for traders who move money frequently.
Both brokers have a transparent fee structure with no hidden costs. However, it’s always a good idea to check for other potential fees, such as inactivity or overnight financing costs.
Verdict: When it comes to trading costs, XTB edges out FOREX.com with slightly lower spreads on its standard account. However, both brokers offer competitive pricing structures that suit different trading styles.
| Criteria | XTB | FOREX.com |
|---|---|---|
| Standard Account Spreads | 0.9 | 1.2 |
| RAW Account Spreads | Yes | Yes |
| Commission Rates | Competitive | Competitive |
| Deposit & Withdrawal Fees | No | No |
| Other Fees | Transparent | Transparent |
Both XTB and FOREX.com are highly regulated brokers, which provides traders with an added layer of security. Top-tier authorities, including the FCA, CySEC, and BaFin, regulate XTB. The FCA, NFA, CFTC, and other regulators also regulate FOREX.com. Learn more about ASIC and FCA regulated brokers.
Verdict: Both XTB and FOREX.com have strong regulatory oversight, providing peace of mind for traders. However, XTB has a slight edge with regulation from a larger number of top-tier authorities.
| Broker | Regulators |
|---|---|
| XTB | FCA, CySEC, CMNV, KNF, DFSA, BaFin, IFSC |
| FOREX.com | FCA, NFA/CFTC, CIRO, MAS, JFSA, CIMA |
XTB and FOREX.com offer a range of trading platforms to suit different trader preferences.
Both brokers offer the popular MetaTrader 4 platform, known for its user-friendly interface and powerful charting tools. FOREX.com also offers MetaTrader 5, the latest platform version, with additional features. Compare the best MetaTrader 4 forex brokers and best MetaTrader 5 forex brokers.
While neither broker offers cTrader or TradingView, they both provide proprietary platforms with unique features. XTB’s xStation 5 has won awards for its innovative design and speed, while FOREX.com’s Advanced Trading Platform offers professional-grade charting and analysis tools. Explore the best cTrader forex brokers.
| Criteria | XTB | FOREX.com |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | Yes |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | xStation 5 xStation Mobile |
No |
| VPS Services | Yes | Yes |
XTB offers social trading features on its platform, allowing traders to follow and copy the trades of successful investors. FOREX.com does not currently offer social trading. Discover more about Copy Trading and Social Trading.
Both brokers offer VPS services for improved trade execution and other trading tools, such as economic calendars, market news, and educational resources.
Verdict: When it comes to trading platforms, XTB and FOREX.com both offer strong options. However, XTB’s award-winning xStation 5 and social trading features give it the edge in this category.
Execution speed is crucial for traders, particularly those using high-frequency strategies. XTB and FOREX.com offer fast execution speeds, with XTB claiming to execute 99.35% of trades in less than 1 second. FOREX.com also offers high-speed execution, focusing on reliable trade execution with minimal slippage. Compare DMA forex brokers and ECN forex brokers.
Verdict: Both XTB and FOREX.com offer fast and reliable trade execution. However, XTB’s claim of executing most trades in less than 1 second gives it a slight edge in this category.
| Broker | Execution Speed |
|---|---|
| XTB | 99.35% of trades in <1 second |
| FOREX.com | High-speed execution |
XTB and FOREX.com offer a range of account types to suit different trading needs.
XTB offers three main account types: Standard, Pro, and Islamic. The Standard account offers commission-free trading with slightly wider spreads, while the Pro account offers tighter spreads with a commission per trade. The Islamic account is swap-free and compliant with Sharia law. Learn more about forex brokers with micro accounts and Islamic forex broker accounts.
FOREX.com offers two main account types: Standard and Commission. The Standard account offers competitive spreads with no commission, while the Commission account offers ultra-tight spreads with a commission per trade. FOREX.com also provides a Direct Market Access account for high-volume traders and a demo account for practice trading.
Verdict: XTB and FOREX.com offer a range of account types to suit different trading needs. However, FOREX.com’s Direct Market Access and demo accounts provide additional flexibility.
| Broker | Account Types |
|---|---|
| XTB | Standard, Pro, Islamic |
| FOREX.com | Standard, Commission, DMA, Demo |
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
Customer service is a crucial factor when choosing a forex broker. XTB and FOREX.com offer comprehensive customer support, including live chat, phone, and email support. However, FOREX.com stands out with its 24/7 customer support, providing assistance to traders around the clock.
Verdict: While both brokers offer strong customer support, FOREX.com’s 24/7 support gives it the edge in this category.
| Broker | Customer Support |
|---|---|
| XTB | Live chat, phone, email |
| FOREX.com | Live chat, phone, email (24/7) |
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
Beyond the core trading conditions and features, there are other factors to consider when choosing a forex broker.
XTB has a minimum deposit requirement of $0, while FOREX.com requires $100. This makes XTB more accessible for traders with smaller initial deposits.
Both brokers offer a range of payment methods, including bank transfers, credit/debit cards, and e-wallets. However, checking for any fees associated with deposits or withdrawals is important.
XTB and FOREX.com offer a range of educational resources and trading tools. These include market news and analysis, economic calendars, and educational materials for beginner traders.
Verdict: When considering other trading factors, XTB’s lower minimum deposit requirement makes it more accessible for new traders. However, both brokers offer a range of additional features and resources to support their traders.
| Criteria | XTB | FOREX.com |
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Payment Methods | Multiple options | Multiple options |
| Additional Features | Market news, analysis, education | Market news, analysis, education |
| Trading Instruments | ||
| Forex CFD | 48 | 91 |
| Shares CFD | 1848 | 220 |
| Cryptos CFD | 10+ | 8 |
| Commodities CFD | 7 Metals 6 Energies 10 Softs |
2 Metals (6 Gold crosses (2 Silver crosses) 2 Energies 2 Softs |
| Indices CFD | 30 | 17 |
| Bonds/Treasuries CFD | 3 | No |
| Spread Betting (UK only) | No | No |
| Other Products | No | No |
| Shares (underlying) | No | No |
Best For Beginner Traders
XTB is our top pick for beginner traders. Its user-friendly platform, social trading features, and zero minimum deposit requirement make it an excellent starting point for those new to trading.
Best For Experienced Traders
FOREX.com is our choice for experienced traders. Its advanced trading platform, a wide range of instruments, and 24/7 customer support make it a solid choice for seasoned traders.
| Criteria | XTB | FOREX.com |
|---|---|---|
| User-Friendly Platform | Yes | Yes |
| Social Trading | Yes | No |
| Minimum Deposit | $0 | $100 |
| Advanced Trading Features | Yes | Yes |
| 24/7 Support | No | Yes |
XTB is generally better for beginner traders for its user-friendly platform and social trading features.
FOREX.com offers superior customer support with its 24/7 availability.
No commission account spread propriety testing data and published website spread information, centralised on our standard account spread page.
