XTB vs FXCC - Fees Review included
Which broker is better XTB or FXCC? Our expert assessment conducted according to TU’s own methodology showed that XTB is one of the top brokers in the financial market with the TU Overall Score of 5.17 out of 10. FXCC is one of the top brokers in the financial market with the TU Overall Score of 5.84 out of 10. Find out more about TU Overall Score.
| Feature | XTB | FXCC |
|---|---|---|
Overall |
4.3 |
3.9 |
4.7 |
4.3 |
|
3.8 |
4.5 |
|
4.7 |
2.5 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
4.4 |
3.9 |
Deposit and Withdrawal |
4.8 |
4.5 |
Research |
4.1 |
2.6 |
Education |
4.4 |
3.7 |
Support |
4.5 |
4.5 |
Bonuses |
4.6 |
4.5 |
|
|
|
XTB vs FXCC: Pros and Cons
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
FXCC was founded in 2010 and is headquartered in Cyprus. Broker specialized in ECN/STP technology with competitive spreads. The activity of this broker is regulated by CySEC.
| XTB | FXCC | |
|---|---|---|
| Overall Pros | 2100+ trading instrumetns | Tight spread ECN account |
| Big choice of ETF CFDs | 3 ECN accounts | |
| Everage EURUSD spread 0.1 pip | 100% First Deposit Bonus | |
| Advanced xStation trading platform | ||
| Well regulated broker | ||
| Overall Cons | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. | Limited choice of trading assets |
| High stock CFDs fees | Not everage spread info on the web site |
XTB vs FXCC: Safety and Regulation
| Regulated By: | XTB | FXCC |
|---|---|---|
US Regulation |
NO |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
International Financial Services Commission in Belize. (IFSC License No.: 000302/185) |
Republic of Vanuatu with registration number 14576 |
XTB vs FXCC: Trading Conditions
| Trading Conditions | XTB | FXCC |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MetaTrader 4 and xStation 5 |
MetaTrader4, Mobile Platforms |
Max Leverage (Futures) |
1-500 (only for non EU and UK clients), 1-30 |
1-300 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Forex, Crypto, Metals, Indices, Bonds, Commodities, Energy, Shares |
Trading assets |
2100+ |
100+ |
Trading Accounts |
Demo, Standard, Pro, Islamic |
ECN Standard Account, ECN XL Account, ECN Advanced Account |
Base Account Currencies |
USD |
EUR, USD, GBP |
XTB vs FXCC: Fees
Forex Trading Fees
| Fee | XTB | FXCC |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
1.5 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
ECN XL $0 |
ECN Account EUR Average Spread |
Not supported |
ECN XL 0.2 pips |
CFD Trading Fees
| Fee | XTB | FXCC |
|---|---|---|
CFD Trading Fee |
0.3% for stock and ETF CFDs trading, 4USD per 1 BTC, 10 ETH, 1000 LTC |
Floating spread |
Non-Trading Fees
| Fee | XTB | FXCC |
|---|---|---|
Account Fee |
$10 EUR per month |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount. |
$35 for a bank transfer |
Inactivity Fee |
€10 per month after 12 months of inactivity |
Yes |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XTB vs FXCC: Trading Assets
| Asset Name | XTB | FXCC |
|---|---|---|
Overall |
2100+ |
100+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XTB or FXCC: Investment Programs
| Asset Name | XTB | FXCC |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FXCC or XTB
| XTB | FXCC | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
xStation 5 |
No |
Others |
No |
No |
|
|
|
XTB vs FXCC: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XTB | FXCC |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
XTB vs FXCC: Research
| Research Type | XTB | FXCC |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
XTB vs FXCC: Education
| Education Type | XTB | FXCC |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
FXCC vs XTB: Support
| Support Features | XTB | FXCC |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XTB vs FXCC: Forex Bonuses and Promo
| Promo | XTB | FXCC |
|---|---|---|
Forex Bonus |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
100% first deposit bonus (not offered for EU clietns) |
Affiliate Program |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
Yes |
Other Promos |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
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Top 5 Reviews on FXCC
-
Comment
FXCC is obviously developing — a lot of interesting things are appearing. This makes me happy as a trader. It has been recommended to me for a long time and now I recommend FXCC to my friends.
-
Comment
fxcc offers excellent opportunities for all traders. Here you will find a wide variety of instruments: currencies, futures, stocks, and cryptocurrencies. Trading conditions are very flexible, which I especially like. The platform is working fine. Moreover, the withdrawal process at fxcc is very fast, which indicates the reliability of the broker.
-
Comment
Broker FXCC offers advanced trading tools such as automated trading systems that help traders maximize their profits with minimal risks. The execution is good, and the charts are accurate. All these features make FXCC an ideal choice for those who want to trade in the forex market.
-
Comment
fxcc is a very serious broker. I came here not so long ago, but I have already appreciated the level of the company. I hope that I will never be disappointed in them. Great work, guys!
-
Comment
The broker FXCC is a new company for me; I have been working with them for a short time, but overall, everything is satisfactory at the moment. I've checked the withdrawal, and everything is fine; they process the money quickly. The deposit is a bit large, but I tend to think that in life, if you want a lot, you have to invest a lot. The execution is good, and the charts are accurate. The FXCC manager has professionally assisted me with any questions.
Top 5 Reviews on XTB
-
Comment
XTB’s platform works perfectly, there are almost no slippages or requotes, and execution is usually instant, which significantly increases the chances of profit. Few brokers can boast of such a high-quality platform.
-
Comment
There are quite a lot of brokerage companies. There are good and bad brokers, and those who have nothing to do with financial markets at all. XTB is not a perfect company, but it has many advantages over others. Its main advantage is client support, account maintenance, and a low entry threshold. Personally, I decided on this company.
-
Comment
I chose XTB among many brokers 6 months ago. Spread is low, execution is smooth, and withdrawals are quick on weekdays. This is quite enough for me.
-
Comment
xtb is an excellent company, I have been working with it for 3 years. I withdraw large sums to the card. The quotes are even without problems, there is a choice of other platforms, and fees are minimal. I totally confirm reviews of xtb!
-
Comment
I consider xtb a promising broker. I worked with it for some time — everything was excellent and most importantly of high quality. When I was withdrawing funds for the first time, I had to wait a little and I even started to get nervous, but in the end everything worked out. So I recommend this company as honest and of high quality.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.