FXOpen vs ITRADER Comparison

FXOpen vs ITRADER Broker Comparison

FXOpen versus ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$250MT4200+CySEC

FXOpen and ITRADER Comparison

These are both MT4 brokers. They differ in that FXOpen is an ECN broker, while ITRADER is an STP broker. ITRADER does not charge commissions, while FXOpen open can (this means that FXOpen can offer very low Forex spreads, as the cost is the spread plus the commission).

Both have a range of Cryptocurrency CFDs to trade (this means that the trader is speculating on price movement, does not own the cryptocurrency and thus does not need a wallet to trade it). ITRADER has more markets to trade on MT4, but FXOpen has a competitive number for an ECN broker.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. ITRADER is regulated by the CySEC in Cyprus.

Quick comparison

Both are MT4 brokers, ITRADER is an STP broker, FXOpen is an ECN broker.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for ITRADER is $250.

  • FXOpen offers three accounts types, ECN, STP and Crypto, with Forex and CFD trading. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • ITRADER provides three CFD trading account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

Markets

  • FXOpen offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 65+ available.
  • ITRADER offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 200+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, Monero, IOTA, NEO, DASH, EOS, Namecoin, Peercoin, Emercoin and OMNI.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash ABC, Ripple, Ethereum Classic, Monero, IOTA, NEO, DASH, Cardano, Bitcoin SV, Lisk, Qtum, Siacoin, Tether, NEM, Stellar, Bitcoin Gold, Zcash, Verge, WAVES, TRON and Golem.

Spreads and leverage

FXOpen offers Forex spreads from 0 plus a commission charge. ITRADER provides Forex spreads from 0.7 without a commission charge.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for ITRADER is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • ITRADER does not charge commissions.

Online trading platforms

Both brokers offer MT4, available for desktop, tablet and mobile.

Why FXOpen or ITRADER ?

Both of the brokers are MetaTrader 4 (MT4) brokers thus traders can trade on this platform at either broker. FXOpen is an ECN broker. ITRADER can offer more markets and a wider range.

Comparison summary

  • Both brokers provide CFD trading
  • They are MT4 brokers
  • Each has a range of Cryptocurrency CFDs to trade
  • ITRADER can offer more markets on MT4
  • FXOpen has a competitive number of markets for an ECN broker

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