XTB Review
More than 1500 global markets are included in the trading portfolio offered by XTB. These markets can be traded using one of two advanced platforms: MT4 or xStation 5. In addition to this, you will have access to a leverage ratio of up to 500:1, extremely fast execution of trade positions, customer assistance available around the clock, cashback on trades, and no requotes at all. On the cutting-edge trading platform provided by XTB, merchants from as many as 140,000 different countries engage in financial transactions.
Can You Trust XTB?
Because XTB has more than 15 years of experience in the sector, the answer to this question is an emphatic “yes.” It is one of the largest foreign exchange and contract for difference (CFD) brokers in the world, and it is publicly traded.
The CFD broker maintains offices in over ten countries, some of which include the United Kingdom of Great Britain and Northern Ireland, Belize, Germany, Poland, France, and Spain. They are licensed to provide financial services by some of the most prestigious financial authorities in the world, including the FCA, IFSC, CySEC, and KNF.
So, you can trade in confidence at XTB.
XTB Trading Markets
The following trading marketplaces are available through XTB.com:
XTB allows customers to trade foreign exchange on 48 different currency pairs, including EUR/USD, AUD/USD, NZD/USD, EUR/JPY, and many others.
You are able to go long or short on more than 20 indices from different regions of the world, including China, Germany, and the United States, thanks to the fact that XTB provides this service. When you roll over open trading positions to the following day, there is no overnight cost incurred.
Commodities: Engage in the buying and selling of common commodities like oil, silver, and gold.
Stock CFDs: Trade CFDs on more than 1500 different equities, going long or short depending on your trading strategy. Trades can be executed in record time, and leverage of up to 1:10 is available to investors. The commission begins at an astonishingly low level of 0.08%.
ETF CFDs: XTB gives you access to sixty different ETF CFDs that you can trade. Take advantage of trade execution that is lightning quick, leverage of up to 1:10, protection against negative balances, and chances to diversify your trading portfolio.
Cryptocurrencies: Trade several cryptocurrencies including Ripple, Ethereum, Dash, Litecoin, and Bitcoin. Since this market is open 24/7, you can trade even during weekends.
XTB’s Various Kinds of Accounts
When you register an account with XTB, you have the option of opening one of the following types of accounts, depending on the requirements, preferences, trading styles, and personal circumstances that you have.
The Industry Standard Accounts
The following is a list of the fundamental characteristics of standard accounts at XTB:
The smallest possible spread is 0.35.
The highest leverage allowed is 1:500.
The smallest order possible is 0.01.
Trading in foreign exchange, commodities, cryptocurrencies, and indexes are all offered without commission.
A commission of 0.08% per lot for trading stock and ETF CFDs respectively
Account Upgrade
The following is a list of the fundamental capabilities of pro accounts:
Minimum spread 0.28
There is a 0.01 lot minimum order requirement.
The commission for trading foreign exchange, indices, and commodities is $3.50 per lot.
Commission on exchange-traded fund and stock derivative contracts for difference is 0.08% per lot.
The commission for trading cryptocurrencies is $3.50 per trade.
Islamic Banking and Finance
The following is a list of the fundamental characteristics of Islamic accounts:
Minimum spread 0.28
Minimum order 0.01
Trading in currencies, commodities, and indexes all have a commission of ten dollars each lot.
Commission on exchange-traded fund and stock derivative contracts for difference is $10 per lot.
Make a free account swap
Trading Platforms Provided by XTB
Trading platforms that have won awards from XTB have been created with performance in mind. You are able to trade using these platforms from whatever device you choose, including mobile devices.
PlayStation 4
This platform allows you access to more than 4,000 products, such as CFDs for cryptocurrencies, equities, ETFs, commodities, and indices from all over the world, as well as currency pairs from all over the world. You are able to trade while on the go and can take use of the platform’s user-friendly and uncomplicated layout.
Download the brand new xStation mobile app, available for both Android and iOS devices, if you find that trading while on the move is more convenient for you. Access to xStation Mobile is also available on mobile devices such as smart watches and tablets.
You can trade using XTB’s Web Trader Platform on your desktop computer if that is more convenient for you. It is straightforward, easy to use, and customer pleasant, yet it provides access to more complicated tools for more experienced traders. This platform can be utilized on any web browser, including Opera, Safari, Firefox, and Chrome, among others. There are Mac, 64-bit, and 32-bit versions of this platform available for use.
MetaTrader 4
The ease of use of MT 4 is primarily responsible for its widespread adoption. It comes with an extensive collection of built-in analytical tools and is connected to an active community of traders who discuss various trading techniques and ideas with one another.
Become a Trader with XTB.com.
XTB does more than just give you access to an online trading platform; it also instructs you in the art of trading. When you sign up for an account at XTB, you immediately become a member of a massive Trading Academy that provides a wide variety of trading courses at the beginner, intermediate, advanced, and expert levels.
Fundamental: The foundational classes will acquaint you with the fundamentals of the foreign exchange market as well as the many types of instruments, fundamental trading techniques, and trading platforms that are available.
Intermediate: The courses that are designated as intermediate provide you with a more in-depth grasp of online trading. You will receive instruction in both technical analysis and fundamental analysis at this level. The XTB intermediate course also teaches students how to build control over their emotions and how to manage the risks they take.
Expert: Experts are afforded the opportunity to acquire knowledge regarding advantageous trading strategies and the application of various tools that facilitate improved trading selections. When you reach the expert level, you are able to become proficient in the more advanced functions of XTB’s trading platforms and investigate more in-depth trading expertise.
Premium: If you upgrade to the premium plan, XTB will provide you with access to more tools, as well as hints and recommendations from seasoned market professionals. The premium instructional content offered by the forex broker is designed to provide in-depth information regarding advanced trading strategies and methods.
The Trading Academy provides not only online courses but also articles and video walkthroughs for its students to utilize. To obtain the information that you require, all you have to do is check through the course list and sort it according to the topic or level.
If you have a need for more information and expertise, you may check out features such as the market headlines, the market calendar, price tables, and the extensive Knowledge Base (KB) that includes a section for frequently asked questions.
XTB Financial Data and Information
You may easily load money into your XTB account while maintaining its safety and security if you use the Client Office. The foreign exchange broker mandates that your initial investment be at least $250. Your following deposits can be lesser. You have the option of utilizing credit cards, debit cards, PayPal, Neteller, PaySafeCard, or even a bank transfer to fund your online trading account.
Profits can be withdrawn from your trading account in a hassle-free, risk-free, and protected manner at your discretion. You will need to go to the Client Office and then select the “Withdraw” button in order to accomplish this. Even if you have many trading accounts, you are able to conveniently manage your deposits and withdrawals through the Client Office, which gives you the ability to withdraw funds.
At XTB, you may have peace of mind knowing that your assets are safeguarded against loss or theft at all times. This is due to the fact that XTB Limited, the parent business of XTB, is regulated by the United Kingdom’s Financial Conduct Authority (FCA), which mandates that the company store client monies in separate bank accounts and never combine them with the funds of the company itself. In addition to this, you are protected by the Financial Services Compensation Scheme (FSCS) for up to fifty thousand pounds in the event that the company declares bankruptcy.
XTB’s Support for Customers and Visitors
At XTB, there is an abundance of different options to obtain assistance and information. Here is a selection of them that we have listed for you:
Go to the Knowledge Base: At the knowledge base, you will find a lot of information on XTB and how it operates, so make sure you look there. In order to get the information you’re looking for, use the search bar to type in questions and phrases. You can also look through the extensive list of frequently asked questions to obtain the answers you need. You can also consult the trading dictionary to learn the definitions of terms that are frequently utilized in trading.
You can reach a representative of XTB’s customer support team through any one of the following channels:
You are welcome to stop by the XTB offices, which are located at 35 Barrack Road, 3rd Floor, Belize City, Belize, Central America.
Electronic mail: Please send an electronic mail to sales int@XTB.
You can reach someone over the phone at the following number: +35725725356 if you require assistance in setting up a new account. Dial this number, +48222739976, to speak with a customer service representative. At XTB, we provide phone support for our customers around the clock, seven days a week.
Live Support: To open the live chat option, go to the bottom right of XTB and click on the icon that looks like a green and white checkmark. Before you click “Send” to begin chatting with a customer support agent, you will need to fill in your details and check the boxes to give your consent to receive emails from XTB and for the processing of your personal information for marketing purposes by XTB. Only then will you be able to start the conversation.
You can get customer service that is specific to your nation by going to the contact page on XTB and selecting your country of residency from the list of countries that is presented there.
XTB FAQs
The following is a list of some of the questions that are most frequently asked at XTB:
Which trading platforms are compatible with the XTB platform?
xStation 5 and xStation Mobile are also available.
What is the minimum amount that must be deposited into an XTB account before it may be opened?
0 USD.
Where can I find more information about the differences between the Standard and the Pro accounts at XTB?
The spread varies according to the markets that you trade and the type of account that you open with XTB. Floating spreads are used for standard accounts, which means that the spreads can either widen or contract depending on the amount of liquidity that is currently in the market. Because pro accounts are run with market execution in addition to floating spreads, holders of pro accounts are required to pay commission for market-level spreads. XTB encourages its customers to select an account type that corresponds with their level of skill, years of experience, and trading preferences. Standard accounts have a minimum spread of 0.9 points per pip, while professional accounts have a minimum spread of 0 points per pip.
What fees are associated with using the XTB trading platform to make trades?
Because the trading costs are already factored into the spread, you won’t be charged any fee for any trades that you execute using a regular or basic account. When you place trades using a pro account, you will be charged a commission that varies according on the currency that your account is based in. When you trade using margin, you can be required to pay overnight fees in the form of a swap depending on the level of exposure you have. Swap refers to the charge that must be paid in order to roll over open trade positions to the following trading day. At XTB, using credit or debit cards to make deposits in Euros or Pounds Sterling is completely free. However, you will be required to pay a small fee if you make a deposit using Neteller, PayPal, or any of the other payment methods accepted. Because XTB is well-known for the transparency of its pricing schemes, you won’t have to worry about being surprised by any hidden fees.
Is my data safe at XTB?
Secure Socket Layer, also known as SSL, is a cryptographic encryption technology that ensures the safety of your data while it is stored at XTB. In addition, XTB is a licensed, authorized, and regulated broker that deals in CFDs.
How much time does it take to register for an account with XTB?
It won’t take you more than a few minutes to finish filling out the online registration form and sending your information to the foreign exchange broker. However, it is possible that the verification of your account will take longer. In order to accomplish this, you will need to go to the Client Office and upload copies of various papers, such as your bank statement, tax statements or invoices, utility bills, and phone bills. Logging into your Client Office from a mobile device, taking images of your identification documents, and uploading them will accomplish this goal in the most expedient manner possible.
What are the steps I need to take to join the MQL4 community?
Traders are able to share scripts, signals, and tools for technical analysis using MQL4, as well as download them. It serves as a meeting place for traders, allowing them to communicate with one another and discuss various trading techniques and ideas. Simply by going to the website www.mql4.com, you will have the opportunity to join this active community.
Should You Register for an Account at XTB?
XTB.com is widely regarded as one of the best CFD and FX trading service providers in the entire world. It does this by employing cutting-edge technologies to assist you in getting the most out of your trading endeavors.
The following is a list that we have gathered of some of the reasons why you should sign up at XTB:
The Online Personal Wealth Awards named XTB the winner in the category for “Best Trading Platform” in 2016.
At the brokerage firm, you will have access to a trading environment that is completely open and honest. You may rest easy knowing that there are no sneaky additional expenses waiting to surprise you.
The foreign exchange broker is capable of carrying out trading orders at a rapid pace.
Take advantage of a leverage ratio of up to 500:1.
Trade on more than 1500 markets, such as stocks, commodities, foreign exchange, and indexes.
XTB allows you to accumulate points toward prizes for your trading activity.
You can trade from PCs, laptops, and mobile devices.
XTB is recognized as one of the most important brokers in Europe.
Obtain the advantages of highly developed instruments for technical analysis, which include free commentary on the market.
XTB provides the most comprehensive educational resources for traders.
At XTB, our team did not discover anything about which to express dissatisfaction. The one apparent drawback is that you have to pay a significant initial deposit of $250, however this requirement applies only to the very first time you play. In addition, it would have been helpful if there were a greater variety of trading tools.
Begin by using the demo account, and do not transition to trading for real money until you have obtained the necessary level of knowledge, education, and experience.