XTB is a top internet FX & CFD (contracts for difference) trading company established in Europe, offering access to over 1500 tools from two programs: its own award-winning xStation 5 along with the conventional MT4.
Traders will pick between Forex, Indices, Cryptos, Bonds, Commodities and ETFs from CFDs.
XTB is a leading European broker founded in 2004 and is one of the world’s largest listed stock exchange brokers with offices in 13 countries including
the United Kingdom, Spain, Germany, France and Chile.
Background
Launched in 2004, XTB is among the most significant stock-exchange listed brokers around the globe having a presence in 11 states, including the United Kingdom, Poland, Germany, and France.
Known for its speed and transparency of implementation, both XTB and its own analysis staff have won a variety of prestigious accolades for its research and services – such as the #1 EMEA Bloomberg spot for FX accuracy in Q3 of 2018.
Unique Capabilities
XTB distinguishes itself from other brokers through three chief facets: the benefits of its own platform xStation 5, its own degree of analytical and educational material for many levels of traders, and its own open-door policy that comprises a high degree of support from its own customer support staff.
XTB provides free educational content for their customers to understand how to exchange, to a degree that no other agent supplies. Apart from the internet Trading Academy (that can be reached from both the site and the platform), it provides multiple kits such as a Trader’s Library, Day Trading Guide and the best way to trade events such as Brexit.
Clients may also opt for the Mobile Trade Alert support and get a direct line of contact to Chief Market Analyst David Cheetham, that forwards breaking news and crucial technical levels over WhatsApp.
The broker also has an open door policy and normal Trading Clubs in its own headquarters at Canary Wharf, which you should visit if you are nearby London. These clubs include open debate on an assortment of approaches and live market evaluation.
XTB Trading Products
XTB has split its trading goods into six classes:
- Forex: XTB supplies over 50 pairs of monies. These include all significant currency pairs, as well as some minors and Exotics.
- Shares: XTB provides CFD’s trading in 1500+ shares of businesses which trade in the USA, UK, Poland, Portugal, Spain, Switzerland, France and Finland.
- Indices: The platform provides Indices trading to its clients in 20+ major international indices.
- Commodities: Many commodities are readily available to exchange, such as wheat, copper, coffee, Aluminium, Nickle, Oil, Platinum, Silver, Gold etc..
- ETFs: Traders can speculate on ETF worth at XTB.
- Cryptocs: Bitcoin, Litecoin, Ripple, Dash, Ethereum as well as many others.
Trading Software
The trading platform provided by XTB is striking.
XStation 5 has been voted greatest trading platform of 2016 by the Online Personal Wealth Awards and provides dependable, instantaneous execution (approximately 85 milliseconds) with no requotes. It sports a totally free market audio commentary – a paid feature at other brokers – and also as an innovative trading calculator that instantly determines every part of your transaction for you.
Additionally, it has a detailed video tutorial section, a stocks screener, opinion heatmaps and real time performance stats that break off your trading behavior, showing you where your weaknesses and strengths as a trader lie.
It is accessible across tablet, desktop, smartphone, as well as your smartwatch. It also contains many different advanced technical tools that will assist you with your trading.
XTB Account Types
XTB offers three types of accounts: Standard, Pro (both retail) and Professional (only for professional clients). Please note that you need to meet two of the three criteria required to qualify for professional client status (visit XTB for more details):
| Description | Basic | Standard | Pro |
|---|---|---|---|
| Leverage | 30:1 | 30:1 | 200:1 |
| Spread | Fixed | Floating | Market |
| Execution | Instant | Market | Market |
| Minimum Spread | 0.35 | 0.28 | Lowest (Var) |
All of the account types offer CFDs, zero charge for Account Management and setup, allow stop order limit and Stop out level margin at 30%. The minimum deposit stands at 250 £/$/€. The traded instruments are FX, Indices, ETFs, Commodities and Shares.
XTB Registration Procedure
Traders can register for a live account with an easy, secure online form.
Much like FCA-regulated brokers, XTB must undergo the process of ‘KYC’ (know your client) and security against money laundering action in tests that are made to make things safer for traders.
On the XTB site, you will notice the ‘Create Account’ button. This procedure will activate several questions, beginning with the simple ones: Name, contact number, and national insurance No.
The option of the trading site (MT4 or Xstation 5), account sort (Standard or Pro), language and currency will be asked.
There then follows a few ‘Know your client’ questions which judge your investment experience and make sure you’re in a fiscal position to trade. Regulators insist a broker takes these measures before enabling new clients to exchange. This ‘KYC’ round of queries includes things such as Annual earnings, net value, source of revenue, Account financing, Expected yearly investment etc.
The final point is confirming your ID. Evidence of address and ID could be confirmed with some of these:
- Passport
- Driver’s license
- Identity card
Traders can upload a copy of the ID evidence by using their cell phone.
The copy ought to be clean, and current.
Once finished, you may place a deposit through the button near the top of the website.
Spreads And Fees
Fees and commission are contingent on the sort of service and kind of accounts you would like to use.
For instance, XTB’s Forex or Index trading using the Pro account provides spreads that are very competitive. On the flip side, ETF’s trading and equity trading commission could be more expensive than other brokers.
It means fees and commission contrast will be dependent on your selection of account type and instrument exchanged.
Deposit charges:
- Paypal would be paid a flat 2 percent rate of the total to be deposited.
- Skrill, 2% charge on deposits
- Debit and credit card deposit fee – free in GBP, USD, and EUR
- eWallets – 2%
Withdrawals
Upon request before 1 pm GMT, withdrawals can be handled the next day.
If the request is processed after 1 pm, it is processed on the next business day. This goes for GBP, EUR and Domestic HUF.
Withdrawals go to your nominated bank account, for which you need documentation.
Safety
XTB provides their customers protection via the United Kingdom Financial Conduct Authority (FCA) and related rules.
In accordance with the company principles, XTB must maintain the funds of their customers in separate accounts from the organization’s funds.
Clients can securely access their accounts. Each customer is given a special username and password that’s saved through a secured server. Two factor authentication is also setup/
Customer’s funds are shielded to 50,000 GBP in the financial services compensation scheme (FSCS), in the event of XTB’s bankruptcy.
XTB Education Resources
A vast number of educational materials is offered to the clients of XTB.
They have for their traders’ instructional videos and a ‘Trading Academy’ site. This is classified into Basic, Intermediate, Expert and Premium classes. XTB also provides a free-trading download catalogue library for beginners.
Technical and fundamental issues have been covered under the intermediate segment.
Live webinars can be hosted by the website frequently.
Nations
XTB mostly serves in Central, Eastern, and Western Europe. On the other hand, the business has expanded its business in new markets, including Latin America and similar emerging markets. Notable areas XTB caters to are:
- Germany
- France
- Portugal
- Spain
- Poland
- Turkey
- The Czech Republic
XTB client care is available in these languages:
- Czech
- China
- British
- French
- German
- Hungarian
- Italian
- Portuguese
- Polish
- Russian
- Romanian
- Spanish
- Slovak
- Turkish
XTB isn’t permitted to provide trading solutions to the inhabitants of the USA because of local regulations.
XTB: Summary
Launched in 2002.
Broker Confidence Ranking: 95/100
Products: FX, CFDs
Markets: Equities, Cryptos, Indexes, Securities, ETFs
Account forms: Basic, Standard, Pro
Fees: Different according to account categories and instruments exchanged
Minimum Deposit is $250
Regulator: Financial Conduct Authority (FCA)
Consumer Service: Accessible 24/5 via telephone, live chat and phone
Test Account: Zero cost for one month
Operates in nations 12 nations (expanding its company)
Awards include best fx broker award, the best trading platform of 2016, online personal riches award
Accepted Nations
XTB accepts traders from Thailand, UK, South Africa, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other nations.
Traders cannot utilize XTB from the USA, Canada, Australia, Japan, Slovakia, Singapore, Mauritius, Israel, Turkey, India, Pakistan, Bosnia And Herzegovina, Ethiopia, Uganda, Cuba, Syria, Iraq, Iran, Kenya, Romania.
