Xtrade — where it wins, where it loses
Xtrade does not currently take a column outright against this field. It loses on tier-1 cover, published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Xtrade takes the field outright.
Loses on
- tier-1 cover
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FSC Bulgaria | RG-03-110 | Bulgaria | Tier 2 | Up Trend Ltd | xtrade.com |
| FSC Belize | 4705379 | Belize | Tier 3 | Xtrade International Ltd | xtrade.com |
| FSA Seychelles | SD203 | Seychelles | Tier 3 | WizBrokers Limited | xtrade.com |
| FSCA | FSP44681 | South Africa | Tier 2 | Peak Wealth PTY Ltd | xtrade.com |
| Offshore Finance Authority of Anjouan (Comoros) | L15808/BC | Anjouan, Union of Comoros | Tier 3 | Blacsley Como Ltd | xtrade.com |
Checkable
Facts the comparison runs on
On the record
- ASIC cancelled the AFS licence of XTradeau Pty Limited (media release 24-122mr, 2024) after an investigation found vulnerable clients were encouraged to trade CFDs they could not afford; an AAT stay application filed 29 April 2024 was refused. Source: ASIC media release 24-122mr (asic.gov.au/aboutasic/media-centre/media-releases).
- xtrade.com's own licences page names Up Trend Ltd (UIC 121527003, Sofia) as licensed by Bulgaria's Financial Supervision Commission under licence RG-03-110, operating as an EU investment intermediary under MiFID II.
- The same page states the Seychelles entity WizBrokers Limited (company registration 8436587-1, FSA licence SD203) does not offer services to residents of the USA, Canada, Iran, North Korea, Europe and the UK.
- The FSA Seychelles securities-dealer register lists WizBrokers Limited, trade name Xtrade, registered at Azores Building, Ile du Port, Mahe.
- Loss-rate warnings on xtrade.com state 83.5%-85.5% of retail investor CFD accounts lose money depending on the regional entity.
| Trading since | not verified |
|---|---|
| Base | Sofia, Bulgaria (EU entity Up Trend Ltd, UIC 121527003; group footer also lists a Cape Town office) |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | Web platform, TradingView integration |
| Account tiers | |
| Markets | Forex, Indices, Commodities, Stocks, Cryptocurrencies |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founded: founding year not verified from a primary source
- minDeposit: not verified from an account-spec page (footer '$0.00 register' treated as marketing)
- maxLeverage: not verified from a legal/account page
- spreadEurusd: not verified
- accountTypes: not verified from a spec page
- segregatedFunds / negativeBalanceProtection: client agreement PDFs not extracted
- publiclyListed: no listing status verified
- hq: brand-wide HQ not established; Sofia address is the EU entity's registered office
Costs less
Who beats Xtrade on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.