Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Admiral Markets
9.8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ADMIRAL MARKETS
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
Axitrader
9.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AXITRADER
About

Admiral Markets is regulated by BaFin, the Financial Conduct Authority and CNMV. Admiral Markets have provided Forex, Commodities, Indices, Shares, Bond trading services since 2001.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007.

Why choose them?
  • Yes Over 17 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters London, UK Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK 36 Leadenhall Street, London EC3A 1 AT, United Kingdom

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No Yes
Social Trading No No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 36 48 80
Commodities Offered 0 21 6
Stocks Offered 64 1606 0
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes No
Penny stocks No Yes No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes No
ETFs Yes Yes No
IPO No Yes No
See all instruments

83% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

77% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 Yes No No
MT4 Mac Yes Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No Yes No
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms -No Xstation5 No

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic

See platform & features

83% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Admiral Markets and XTB

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes Yes Yes
Standard account Yes Yes Yes
ECN Account Yes No Yes
Islamic account No Yes Yes
Zero spread account No No Yes
VIP account Yes Yes Yes
Fixed spreads No Yes Yes
Variable spreads Yes Yes Yes
See account options

83% of retail investor accounts lose money when trading CFDs with this provider

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

See account options

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No Yes
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker No Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade 200 Lot 100 Lot 100 Lots
Min deposit $200 $1 $1

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts No Yes Yes
Signal trading No Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes No
Neteller Yes Yes Yes
Skrill Yes Yes Yes
Payment processing time 1 business day Same day if requested before 1PM Instant via debit/credit card
Withdrawal processing time 3 business days Same day if requested before 1PM Same or next day with local payments. International payments take 3-5 days.
See all funding options

83% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DETAILED INFO

Excluded countries US,IN,PK,BD,IQ,IR,IL,AF,AU,CA US,IN,PK,BD,IQ,IR,IL,AF,AU,CA US, JP
Contact email Send Email Send Email Send Email
Phone number (44) (0) 2035140756 44 2036953085 44 207 096 7488
Live Chat Yes Yes No
Website https://admiralmarkets.com/ www.xtb.com www.axitrader.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered 0.1 pips 0.2 pips
GBP/USD (Average: 1.1 pips) Not offered 0.1 pips 0.6 pips
USD/JPY (Average: 1.1 pips) Not offered 0.1 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 0.1 pips + $6.00 0.2 pips 0.1 pips
USD/CHF (Average: 2.3 pips) Not offered 0.2 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 0.3 pips 0.2 pips
NZD/USD (Average: 3.6 pips) 0.1 pips + $6.00 0.3 pips 0.2 pips
EUR/GBP (Average: 2.4 pips) 0.3 pips + $6.00 0.1 pips 0.2 pips
View all spreads

83% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FEES

Inactivity Fee No No No
Commission Yes Yes Yes
Deposit Fee Varies No None
Withdrawal Fee No No None
View All Fees

83% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Last update

All information collected from https://admiralmarkets.com/. Last updated on 01/09/2019.

All information collected from www.xtb.com. Last updated on 01/09/2019.

All information collected from www.axitrader.com. Last updated on 01/09/2019.

Company

Admiral Markets has become a leading online trading provider since 2001 offering Forex and CFDs on stocks, indices and commodities. Their dedication to providing a quality experience for their customers have seen them provide the latest technology, strong regulatory authorisation, flexible trading accounts and a global presence leading to a trusted and transparent trading experience.

Admiral Markets accept deposit in multiple currencies are are converted into GBP, EUR, USD, CHF or other applicable currencies. They are regulated by the Financial Conduct Authority in the UK and the MiFID in the European Union. Admiral Markets offer unparalleled level of training to help traders make intelligent trading decision. Education programmes they offer include webinars, seminars, published books, brochures and various other education tools to stay up to date and informed.

To ensure client satisfaction they offer phone, live chat and email support in more than two dozen languages making Admiral Markets a great choice for everyone.

For more information about trading with Admiral Markets, we have put together an indepth Admiral Markets review with some of the pros and cons about this broker.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

Axitrader is an online forex trading sevice provider who are regulated by the Financial Conduct Authority and ASIC. To open an account with Axitrader, minimum deposits start from $200.

With Axitrader you can trade 61 FX pairs, metals, and CFDs. If you like to trade on the go, Axitrader have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Axitrader offer MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader's Multi Account Manager platforms to make your trades and support 6 different languages.

They also offer a free demo account for traders who want to refine their trading skills.

The spreads offered by Axitrader for the most popular instruments are:
0.6 EUR/USD, 0.5 FTSE 100, 0.5 GOLD,
1 GBP/USD, 1 DOW/JONES, 0.5 Crude Oil,
see all the spreads here.



For more information about trading with Axitrader, we have put together an indepth Axitrader review with all the pros and cons about this broker.

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Admiral Markets or XTB?

ECN execution or low spreads?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), Admiral Markets is likely the better choice. However, if you want a broker with lower spreads on currency pairs like EUR/USD, XTB may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Admiral Markets to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Admiral Markets is regulated by Financial Conduct Authority, CySEC, while XTB is regulated by Financial Conduct Authority.

As the Financial Conduct Authority are one of the most stringent regulators in the world, both Admiral Markets and XTB will have very strict guidelines to follow to ensure they protect their retail trader clients.

Axitrader are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Admiral Markets has been around for 18 years, while XTB have been around for 17 years. Our third alternative broker, Axitrader, have been around for 12 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Admiral Markets and XTB use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Admiral Markets or XTB in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

XTB is more popular with over 230,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Admiral Markets and XTB are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Admiral Markets are based in London, UK, while XTB are based in Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Admiral Markets and XTB offer forex trading. XTB have a slightly larger variety of currency pairs with 48 pairs, compared to 36 offered by Admiral Markets. Also, if you’re looking to trade cryptocurrencies, Admiral Markets offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Admiral Markets and XTB allow you to trade commodities like gold, silver and crude oil.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Admiral Markets and XTB offer this. Admiral Markets also offer the new & improved MT5 platform. Our alternative broker, Axitrader, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Admiral Markets, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Admiral Markets does allow scalping and hedging. While XTB also allows scalping and hedging. You can trade with EAs (expert advisors) on both Admiral Markets and XTB.

In terms of risk management tools, Admiral Markets doesn't offer negative balance protection, but XTB does. Negative balance protection prevents you owing your broker more than you’ve deposited.

Admiral Markets also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Admiral Markets accept Neteller while XTB accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Admiral Markets charges 0.10 points, while XTB charges 0.20 points. Therefore, Admiral Markets is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Admiral Markets or XTB?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Admiral Markets is more reliable based on our criteria above. Admiral Markets has a wider range of instruments to trade. XTB offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.