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Comparison Firstrade vs XTB
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Firstrade vs XTB. Is Firstrade or XTB a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Firstrade has a commission fee of $0, and XTB has a commission fee of from 0.3 pips. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Firstrade and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by XTB. Concerning the platforms, Firstrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while XTB uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And XTB was founded in 2002 in United Kingdom, and it is regulated by FCA, IFSC, KNF, CNMV and CMB. We can withdraw funds from Firstrade with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. And XTB provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in Firstrade is 2-3 business days, and that one in XTB is n/A.
Overall, Firstrade boasts 3.9 stars versus XTB 4.3 stars.