How to open account on XTB.
You can expect a very easy, smooth and professional process to open your account with XTB. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demoaccount with 100K credit in it.
However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with XTB.
in brief follow these 7 steps for account opening at XTB:
1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Explain your trading experience and provide employment history
7. Provide identity and residency proof for activation.
Tip about away times:Navigate to portfolio
Access your account statement
You can set alerts and notifications on XTB and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in XTB, It's kinda easy and you can see a structured cash flow and other financial related reports.
Follow this path:
XTB offer new feed too and it is all produced by in-house research team. In 2018, they managed to please the jury and be awarded by Bloomberg as Best EMEA FX Forecast. What you can expect is a combination of economic calendar data release, what trader's talk recommendations, and a bit about market development.
Finally, Research & Education
Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
XTB education is fair. You will get a demo account and sufficient balance to begin practicing.
The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients. XTB offers one more fancy tool called the 'Heatmap,' that visually shows the winners and losers.
On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.
The charts and charting feature is pretty good. It saves automatically and let you play around with around 70 indicators.
After careful evaluation, we believe XTB is among top-tier CFD and forex brokers in 2020.
Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. It is publicly listed on the Warsaw Stock Exchange.
Good thing is that XTB's fees on forex and stock index CFD are low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process.
On the negative side, XTB's stock CFD fees are rated as high. XTB is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe.
Best Online broker for CFD & Forex