In this XTB review, we will discuss the features of the new XTB trading platform and explore how it compares best forex brokers and most popular CFD platforms in Australia with XTB. We will also explore the advantages and disadvantages of XTB, and look at the potential benefits that it could offer traders. By looking at real-life examples, we will provide an in-depth review of XTB to help traders make an informed decision.
With competitive pricing and a wide range of educational materials, XTB is a great choice for those looking to get started in the world of trading. In this XTB review, we’ll look at the features and services offered by this broker, and evaluate whether it’s the right choice for you.
Table of Contents
- XTB Review:
- XTB Account Types review
- Review of XTB Trading Platform:
- XTB Fees:
- What financial instruments does XTB offer?
- XTB Leverage
- Research & Education reviews:
- XTB Technical Analysis tools
- Customer Support:
- What types of order execution does XTB offer?
XTB is an online brokerage that provides access to global markets and offers a range of trading products, including stocks, forex, indices, commodities, and cryptocurrencies. This broker offers a very complete trading platform with two style and technology: xStation and MetaTrader 4 – as well as a wide range of educational and research materials.
XTB was established in 2002 and is now one of the largest global online brokers, with over 3,000 instruments to trade and more than 2.5 million customers around the world. The broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC).
The xStation platform is XTB’s proprietary platform, and it offers a range of features to suit different trading styles. It has customisable charts and news feeds, as well as over 50 technical indicators, and it allows users to set up automated trading strategies.
The MetaTrader 4 (MT4) platform is a popular choice for traders, and it is available on XTB’s platform. It offers a range of features, including advanced charting and technical analysis tools, as well as automated trading and a range of Expert Advisors (EAs).
Pros of XTB Brokerage Service
- User-friendly and intuitive mobile app and web trading platform
- Provides a demo account
- Regulated in one tier-1 jurisdiction , making it a safe broker (low-risk)
- Good range of offerings
- Plenty of educational offerings
- Good for beginners
- Available in multiple languages
Cons of XTB’s Platform
- Transfer and inactivity fees
- Additional fees for more than one withdrawal per month
- Limited range of products
- No US customers accepted
XTB Account Types review
XTB offers several different types of accounts for traders, depending on your trading plans and goals. The main types of accounts available are Standard Accounts, Professional Accounts, and Demo Accounts:
Standard Accounts are suitable for beginners and experienced traders alike. These accounts offer competitive spreads, fast execution, and access to over 3,000 instruments. This type of account also offers access to automated trading strategies and the ability to trade with leverage up to 1:30.
Professional Accounts are designed for more experienced traders and offer competitive spreads, fast execution, and access to over 3,000 instruments. This type of account also offers access to automated trading strategies, the ability to trade with leverage up to 1:500, and exclusive access to xCritical, a suite of tools designed to help traders succeed.
VIP for high-volume traders
XTB’s VIP account offers a range of features to high-volume traders, including a dedicated personal account manager, access to exclusive research and analysis tools, priority withdrawals and deposits, and more. VIP account holders also benefit from lower spreads and commissions, as well as access to higher leverage levels. Additionally, VIP account holders receive access to exclusive VIP events, such as trading seminars and webinars, and have access to an exclusive VIP customer service team.
Corporate accounts on XTB offer a range of features and benefits, including: access to a variety of markets and instruments, dedicated account management, tailored pricing and conditions, and a range of account protection measures. Corporate accounts are typically tailored to the individual needs of the customer, and XTB works with each customer to ensure they get the services and features they need. Corporate accounts feature segregated accounts and offer negative balance protection to ensure that a customer’s capital is always safe.
The main characteristics of the Islamic account on XTB include no overnight swap fees, access to 2100+ assets including Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs, and minimum spreads starting from 0.1 pips. Additionally, XTB’s Islamic account for clients from certain countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Oman, Qatar, and Jordan.
How to open accounts on XTB:
Opening an account with XTB is a straightforward process. You will need to provide your personal information and documentation such as a valid ID, proof of address, and bank statement. In order to complete the account opening process, XTB will also require you to answer a few questions about your trading experience and objectives. Once your application is approved, you will be able to start trading with XTB.
Demo Accounts are designed for traders who want to practice trading before committing to a live account. These accounts offer access to all the features of a Standard Account, with the added benefit of allowing traders to practice trading with virtual money.
Review of XTB Trading Platform:
XTB leading global trading platform offers a very affordable cfd trading platform that provides access to a wide variety of markets, including forex, stocks, indices, commodities, and more. XTB platforms, xStation and MetaTrader 4, are two of the most popular and reliable trading platforms available on the market today.
The xStation platform is the flagship of XTB trading platforms, and is the one most traders will be familiar with. It is a feature-rich platform that provides an intuitive trading experience for all users. It offers advanced charting tools, real-time streaming quotes, advanced order types, and a comprehensive trading magazine.
xStation is a web-based platform that is easy to use, extremely fast, and intuitive. This platform is designed to provide traders with a user-friendly experience, allowing them to quickly and easily access their trading accounts and manage their positions. It also offers a range of advanced features, including real-time charts, best technical indicators for forex, and automated trading strategies.
xStation offers a wide range of trading instruments, including stocks, ETFs, indices, and commodities, and compares major currencies. It also provides a wide range of technical indicators and charting tools to help traders analyze the markets and make informed trading decisions. xStation allows traders to execute trades with just one click and can be used on both desktop and mobile devices.
In addition to the xStation platform, XTB also offers the xStation5 platform. This is a more advanced trading platform which offers a more intuitive trading experience and is tailored for more experienced traders.
MetaTrader 4 is a powerful desktop platform with a wide range of features. This makes XTB a Metatrader 4 broker that is designed to provide traders with a wide range of tools and features to help them make informed decisions. It offers a range of advanced features, including real-time charts, a range of technical indicators, and automated trading strategies. The platform also has a range of advanced charting and analysis tools, including custom indicators and Expert Advisors.
XTB presents competitive trading fees and commissions, with tight spreads and low swaps. XTB fee structure is straightforward and easy to understand. For CFDs, XTB charges a flat commission on every trade. The commission is slightly higher for mini CFDs but is still lower than alternatives to brokers XTB.
For spot forex, XTB has tight spreads starting from 0.2 pips. There are no commissions on spot forex, but traders must pay overnight swaps for keeping positions open for more than one day. XTB also offers options trading, with a base commission of $1.50 per contract and no extra fees. XTB also offers trading bonuses, discounts, and other promotional offers from time to time. Overall, XTB fees and commissions are competitive, and the broker offers excellent value for money.
Sure, here is a table outlining the fees and costs that XTB charges traders:
|Spreads||Built into the cost of entering and exiting trades|
|Financing Rates/Overnight Fees||Charged when a position is held overnight|
|Commissions||Applied to certain trades|
|Conversion Fees||Charged when converting one currency to another|
|Inactivity Fees||Charged after 1 year of trading inactivity|
|US Stock Trading Fees||Varies depending on the asset|
Deposits & Withdrawal fees:
XTB presents a wide range of deposit and withdrawal options, including credit cards, bank transfers, and e-wallets such as PayPal and Skrill. The supported currencies include USD, EUR, GBP, PLN, RUB, and CHF. When it comes to payment methods, you can use Visa, Mastercard, and Maestro credit cards, as well as bank wire transfers, bank drafts, and e-wallets.
XTB also allows you to deposit money in Bitcoin too, under a circumstances. For withdrawals, XTB uses bank transfers and e-wallets. Note that XTB may charge additional fees depending on the payment method you choose. Here is the fee breakdown of XTB deposit and withdrawal fees for different payment methods.
- Credit/Debit Card: No deposit fees, up to 0.3% withdrawal fees
- Bank Transfer: No deposit fees, up to 0.3% withdrawal fees
- Skrill: 1% deposit fees, No withdrawal fees
- Neteller: 1.5% deposit fees, No withdrawal fees
- PayPal: No deposit fees, up to 0.3% withdrawal fees
- Bitcoin: No deposit fees, No withdrawal fees
- Ethereum: No deposit fees, No withdrawal fees
- Litecoin: No deposit fees, No withdrawal fees
- WebMoney: 0.8% deposit fees, No withdrawal fees.
What financial instruments does XTB offer?
XTB financial instruments includes forex, stocks, indices, commodities, ETFs, and cryptocurrencies. The fees and leverage for each asset varies, depending on the specific asset. For example, the leverage available for forex trading is up to 1:30, while the leverage available for stock trading is up to 1:5. The fees also vary depending on the asset. For example, the fees for forex trading range from 0.03% to 0.07%, while the fees for cryptocurrencies range from 0.10% to 0.25%.
- Forex: Commission-free trading with leverage of up to 200:1
- Stocks: Commission-based trading with leverage of up to 20:1
- Indices: Commission-free trading with leverage of up to 200:1
- Commodities: Commission-based trading with leverage of up to 200:1
- Cryptocurrencies: Commission-based trading with leverage of up to 20:1
- ETFs: Commission-free trading with leverage of up to 20:1
- Bonds: Spreads of 0.5 points and leverage of up to 1:100.
- Options: Fees of $0.05 per option, leverage of up to 1:100.
- Gold: Spreads of 0.10 points and leverage of up to 1:20.
- Silver: Spreads of 0.25 points and leverage of up to 1:50.
- Copper: Spreads of 0.20 points and leverage of up to 1:10.
- Oil: Spreads of 0.10 points and leverage of up to 1:20.
XTB is a leading CFD broker with a wide range of instruments and products available to clients. XTB offer maximum leverage of up to 500:1 for non-U.K. accounts while U.K. accounts are limited to 30:1. Leverage allows traders to increase their trading capital, enabling them to take on larger positions and increase their potential profits, however leverage is associated with higher risk of losses.
With XTB, all trades require a margin, meaning that you must have a certain amount of funds in your trading account to open a position. The margin required by your preferred Forex broker will determine the maximum leverage you can use in your trading account. Generally, the higher the leverage, the higher the margin requirement. For example, a 10,000 trade on a financial asset with a leverage of 10:1 would require 1,000 as a margin requirement .
It’s important to use caution when entering the forex market and make sure you understand the risks associated with leverage trading . Leverage can be a useful tool to maximize potential profits, but it can also lead to large losses, which can be difficult to recover from. Always make sure you understand the terms and conditions of your broker’s leverage and margin policies before trading
The XTB Leverage & Margin for different countries are as follows:
- United Kingdom: Maximum Leverage of up to 500:1 and Margin Rates from 0.25%.
- European Union: Maximum Leverage of up to 30:1 and Margin Rates from 0.5%.
- Australia: Maximum Leverage of up to 500:1 and Margin Rates from 0.25%.
- Canada: Maximum Leverage of up to 200:1 and Margin Rates from 0.5%.
- United States: Not available.
Research & Education reviews:
XTB reviews shows the company is committed to providing its traders with the best possible trading experience. As such, the company offers a variety of research and educational materials to help traders gain a better understanding of the markets, as well as how to trade more effectively.
XTB provides a range of educational materials for traders, including video tutorials on the different features of trading platform, general educational videos, webinars, and quality ebooks and educational articles. The research tools are comprehensive and include an economic calendar, market news, market sentiment, and trading signals. XTB also provides its traders with access to a variety of third-party research providers, such as Dow Jones, FXStreet, and Trading Central.
In addition, a complete reviews of XTB provides its traders with access to a range of educational materials, such as tutorials, guides, and webinars. These materials are designed to help traders develop their trading skills and knowledge and become more successful. The materials are available in multiple languages, making them accessible to traders from around the world.
XTB Technical Analysis tools
XTB technical analysis tools include more than 34 indicators, trend lines, equidistant channels, shapes, Fibonacci tools, Andrew’s Pitchfork, speedlines, Gann fans, labels, Elliott Waves, moving averages, and more. These tools can help traders identify trends and make informed decisions when trading. Additionally, XTB also offers a range of educational materials and resources to help traders learn more about chartings and how to use these tools.
XTB offers outstanding customer service and provides its customers with a range of customer support options. Customers can contact customer service team via phone, email and live chat. The customer service team is available 24/5 and provides assistance in a range of languages. In addition, XTB’s website offers extensive FAQs and educational resources to help customers understand the platform and answer any questions they might have. customer service contact details are as follows:
Phone: +44 20 3519 4283 Email: [email protected] Live Chat: Available on the XTB website.
Is XTB regulated?
Yes, XTB is regulated by the Financial Conduct Authority (FCA) in the UK , as well as other regulatory agencies in other countries. XTB is also subject to capital adequacy monitoring in accordance with EU regulations, and clients are entitled to negative balance protection. Additionally, XTB is a publicly traded broker, which adds an extra layer of safety and security.
What is the minimum deposit to open an XTB online trading account?
XTB does not have a minimum deposit requirement for customers wishing to open a live account. This means you can start trading with relatively small amounts. However, some payment methods may incur additional charges, so it’s best to check with your payment provider first.
What types of order execution does XTB offer?
We did reviews of XTB portfolio. It comes in a range of order execution types including market orders, limit orders, stop orders, trailing stop orders, and profit orders. Market orders are executed at the best available price, while limit orders are executed at the pre-set price or better.
Stop orders are used to protect profits or limit losses by allowing orders to be placed at a specified price, and trailing stop orders are used to protect profits by automatically adjusting the stop price as the market moves. Profit orders are used to take profits automatically when the price reaches a certain level.
How does XTB protect its clients from fraud?
Firstly, it employs a team of dedicated fraud analysts who use the latest technology and analytics to detect potential fraud and suspicious activity on the XTB platform. Additionally, XTB takes steps to verify client identity and bank accounts to ensure that any funds withdrawn are going to the correct account. Finally, XTB is a member of the SIPC, which provides protection for client accounts of up to $500,000 in the event of a broker or dealer bankruptcy.
In conclusion, XTB is great for beginners. This XTb review of trading platforms and services shows that XTB is a reliable and trusted online trading platform that has a variety of trading opportunities for both beginners and experienced traders. The easy-to-use interface and comprehensive trading tools make it an ideal choice for those looking to start trading in the financial markets. Its customer service is excellent and the platform is highly secure, allowing traders to confidently and safely access their trading accounts. Additionally, XTB offers competitive fees and flexible account types, making it a great choice for those wanting to trade with a reputable broker. Obviously, there is a risk of your account lose money in all brokers.
An expert opinion of XTB is that it is a great choice for those who are looking to start trading in the financial markets. Its user-friendly interface and comprehensive trading tools make it easy to use, while its security features and customer service provide traders with peace of mind. Additionally, its competitive fees and flexible account types make it an attractive choice for those looking to trade with a reliable and trusted broker.