XTrade

XTrade was established in 2012 and is primarily focused on CFD trading. The broker operates under a licence with the Financial Services Commission (FSC) of Belize and additionally holds licences with the FSCA (South Africa) and the Offshore Finance Authority (Comoros), highlighting a multi-jurisdictional regulatory approach.

Clients can trade a wide range of instruments, including forex, indices, commodities, shares and cryptocurrencies, all through XTrade’s proprietary trading platform available on web and mobile.

Unlike many brokers we test on TraderGuide, XTrade does not offer MetaTrader 4 or MetaTrader 5, which may feel limiting for traders who prefer industry-standard platforms and advanced tools. That said, the platform uses TradingView’s charting engine, giving users access to interactive and advanced charting capabilities directly within the XTrade environment.

The broker offers a range of promotional offers and multiple account tiers. Opening an account was straightforward and completed within minutes, making the onboarding process simple and user-friendly compared to many other brokers we review.

To be fair, there are a few positives. Their platform is visually clean and offers straightforward trade execution for beginners who only want a simple interface without the bells and whistles of more advanced platforms. We also noted that gold spreads were surprisingly low—some of the tightest we’ve seen across all brokers. Major USD pairs were also priced competitively in our tests, though this advantage didn’t carry over to most other forex pairs, which were far more expensive.

The mobile app deserves a mention as well. While not as polished as some of the top-tier broker apps, it worked reliably in our tests, syncing well with the web platform. Educational resources are also available, though mostly at a basic level, which could be useful if you’re just starting out.

Despite a few bright spots, XTrade ranks at the very bottom of our TraderGuide ranking list for a reason. While gold and major USD pairs' spreads were unusually competitive, the rest of their pricing was among the most expensive we’ve ever tested, meaning that traders face a steep uphill battle just to break even. Most forex pairs, indices, and commodities carried spreads that were far from market-competitive, making it unnecessarily difficult to trade profitably. Dow stands at around 12.00 points, and US Crude comes in at 20.00!

Platform choice is limited—there’s no MT4/MT5—which may disappoint traders who prefer industry-standard tools and advanced charting. That said, the broker does offer TradingView integration, which provides a solid charting experience for analysis.

Overall, despite a straightforward and quick account opening process, the combination of expensive pricing and limited platform options makes XTrade hard to recommend when other brokers on TraderGuide offer stronger all-round value.

XTrade is one of the least competitive brokers we’ve tested at TraderGuide, ranking at the very bottom of our list. While the platform is easy enough for beginners and gold spreads were impressively low, the overwhelmingly high costs on nearly every other instrument make it an unattractive choice for most traders.

If your goal is to keep trading costs under control and access industry-standard tools, we strongly recommend comparing alternatives in our top rankings. With so many brokers offering lower spreads, better platforms, and smoother account setups, XTrade simply doesn’t deliver the overall value that today’s traders expect.