FXREVIEW — FXVIEW Vs XTB
Keeping the tradition of this review, I am back with another Forex broker comparison between these two reputed brokers Fxview and XTB.
First thing to notice is the regulation where Fxview is multi-regulated with CySEC, FCA, BaFin while XTB is only regulated FCA. As always, FCA is a strong regulation which means that your funds will be in good hands with them. A strong start. Now, let’s take a deeper look at the trading conditions and services offered by these brokers.
- SPREADS
I am actually surprised that XTB are limited and has a higher spreads as compared to Fxview, which is not a good start.
2. COMMISSIONS
Fxview — $2/100K RT
XTB — $10/100k RT
Clearly, Fxview is quite reasonable in terms of commission when compared with XTB. Similar can be said for Spreads + Commission
3. PAYMENT METHODS
Fxview — Major credit cards like Visa, Mastercard, and other payment methods like PayPal, Neteller, Skrill, and more.
XTB — Major credit cards like Visa, Maestro, and Mastercard and with online wallet payments like Paypal, and Skrill. For online wallet payments method, they charges 2% of your deposited amounts.
4. SERVICES
The services offered by both brokers are free of cost when it comes to using trading platforms, trading tools and many more. There is a discrepancy when it comes to inactivity fees.
Fxview — 25 euros will be charged for the inactivity of an account for 18 complete months. If there is still no activity for another 6 months, you will be charged another 25 euros along with the closing of your account.
FP Markets — 10 euros will be charged if there is no opening or closing of the position within the last 365 days and no cash deposit within the last 90 days.
CONCLUSION
It is quite obvious that Fxview is leading in terms of commissions and spreads as compared to XTB. One can consider opening an account with XTB as they do not charge any minimum deposit as compared to Fxview ( 5 euros). At the end of the day, a regulated broker is very good to open an account, but talking about trading conditions, Fxview is a winner in that. I will say that the final decision will be dependent on you. Consider opening a demo trading with Fxview and XTB and see which one suits you the best.
Rest the choice is up to you.
Hope this helps!
