XTB Review 2022, Safety, Platforms and Fees

But they have an amazing educational and research facility. It means they have to disclose all their financial reports and can’t hide anything. XTB Online Trading offers potential clients many of the tools that are needed to be successful in the online trading arena. What it does better than anyone else is offering clients the lowest forex spread cost in the industry. The costs (spread + commissions) for the other product offerings are more in line with the industry. XStation 5, while limited, is intuitive and functional, and certain features, such as the instrument scanner and heat map, heighten its appeal to any type of trader.

Trading with virtual money will help you gain insights into the live trading environment. XTB provides you a full-fledged education section, i.e., Trading Academy. You can find educational material on instruments, market trends, trading process, and more.

The content follows the industry standard of offering basic educational content on the forex and CFD markets. XStation 5 stands out thanks to various unique features in addition to its advanced design. For example, there are these charts that have a countdown timer showing how much time is left in each candlestick. Economic news releases, for example, display on the bottom axis of charts and provide traders with information during major economic events.

Trading Instruments

Every XTB user can explore its education section or market analysis for comparing trends and analyzing information through graphs or heat-maps. A XTB ECN is a financial intermediary that uses electronic communications networks to give clients direct access to other participants in equity and currency markets. As an ECN broker, XTB only matches trades between other market participants; it cannot trade against the client. Live webinars with XTB analysts are accessible from the trading platforms and Social Media covering 11 languages including English, Polish, Spanish, Portuguese, Arabic and Vietnamese.

A Good-Til-Cancelled order is a purchase or sell order that stays in effect until executed or cancelled by the trader. Brokerage firms usually have a limit on how long an investor may keep a GTC order active. A XTB one-cancels-the-other order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically cancelled. An OCO order typically combines a stop order with a limit order on an automated trading platform. A XTB OCO order is a type of compound operation where a filled or completed order cancels execution of a different order.

There are zero account management fees and investors can make a low minimum buy of $8 but shorting must cost at least $50. XTB’s xStation 5 mobile app is significantly better than their MetaTrader 4 , we can confidently say that XTB’s mobile app is in line with the leading forex brokers. XTB offers a broad asset selection, its proprietary xStation 5 trading platform, and a competitive cost structure.

I want to trade options, are they available at XTB?

This is very similar to the stocks screener, offering 10 filters such as cumulative return or the total value of assets. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high. You can set many different types of alerts and notifications, including price alerts or notifications about important market news. XTB’s mobile trading platform is user-friendly and well-designed. A bank transfer can take several business days, while payment with credit/debit cards and electronic wallets is instant.

With XTB there’s a choice of 9 different cryptocurrencies to be traded, including Bitcoin, Dash, Litecoin, Ethereum, Ripple. As well as 9 individual currencies, Efficient day trading rules for beginners XTB offers 16 different pairs. From 2004 to 2010, XTB experienced strong international expansion and opened offices in several European countries.

A Quick Review of the XTB Trading Platform

For Clients of XTB International Limited, they don’t take any fee for withdrawals above $50. You have to have a minimum of 1 year experience in a professional position where financial transaction knowledge is the key. For the UK traders, they have Standard Account and Elected Professionals. XStation Mobile has all the functions needed to trade and quickly handle your financial investments. Rather it’s regulated and licensed by all leading regulatory authorities in the world. XTB is a no dealing desk broker not a market maker broker.

Besides xStation, other trading platforms XTB customers get access to is the popular Meta Trader 4. Market sentiment – lets you see how other traders and investors are acting on the market – if they are buying or selling certain assets. XStation 5, XTB’s trading platform, can be easily accessed by traders through any browser across Android, Windows, and iOs on devices like desktop, tablet, and phone. I made complain about problems with selling stock ,which it happened few times and I lost big amount of money because xtb charged me anyway for unsuccessful transaction .

Trading fees on XTB are those costs incurred from one’s funds when buying and selling an underlying stock or share. For example, the trading platform has to pay a broker to place trades on the stock market and it may have to pay stamp duty tax on certain types of investments. The market sentiment indicator with xStation 5 is one of the most useful tools within the software. This allows you to increase your accuracy in predicting the market’s behavior.

The main aim of Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. As a XTB Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair.

Trusted Broker Reviews

Many forex pairs offered by XTB, such as EUR/USD and index CFDs, have competitive spreads. As part of its commission-free trading program, it also offers CFDs on commodities. 79% of retail investor accounts lose money when trading CFDs with this provider. UK traders can open trading accounts from dozens of other countries that XTB supports.

Outside experts are also used for a few advanced topics and strategy updates, mainly in the free “premium” supplemental education section. Most of the content is well organized in a familiar lesson structure with videos and quizzes. XTB’s academy course design is ambitious in that it intends to cover material for people at different stages of the trading spectrum, but as of this review that is still a work in progress. We cover regulatory information in more detail elsewhere in this article, along with the countries XTB operates in. To switch over to a live account, you can tap the ‘Open Account‘ button on the top left of the screen.

Meanwhile, the Standard account appears to be less expensive for modest amounts, which is best for retail traders. XTB offers a professional stock screener in its trading platform. This allows you to select the best values ​​for investment. More than 20 different filter settings are possible with the stock screener.

XTB Trading Platform Tutorials

XTB has been rendering CFD and FX broker services for over 16 years. It is one of the largest stock exchange-listed brokers in the world. XTB is a wonderful broker platform that lets you learn about trading with detailed courses.

Especially beginners will help enormously with this knowledge, but even experienced traders can benefit. In summary, XTB offers one of the best services for customers. The last nglocale point in this review is the test of support.How good is the service for traders? – Since XTB has international branches worldwide, support is one of the best for each client.

Although there are no guaranteed stop loss orders, XTB provides negative balance protection. Passwords on XTB must contain upper/lower case letters, characters, and digits. XTB doesn’t offer two-factor authentication, but it does offer biometric authentication for the mobile app.

Although XTB has no banking license, it is listed on the stock exchange. It is regulated by several top-tier financial authorities including Financial Conduct Authority, KNF, and the international financial services commission. XTB holds the regulation and authorization from 5 regulatory authorities, i.e., International Financial Services Commission , CySEC , SEC , Financial Conduct Authority , and CNMV . XTB offers you over 4000 trading instruments with premium broker and trading platforms on both desktop and mobile devices. In the dynamic financial services industry online, success starts with the right trading platform.

XTB reviewXTB Trading Look And Feel

XTB does not provide a trading journal nor do they provide tax accounting tools on the platform. The ability to create custom indicators was not an option. Of course, XTB does offer the standard MetaTrader4 platform, which does have this and other features for traders already familiar with the third-party application.

XTB Fundamental Data On Financial Instruments & Companies

Rather the account is alluded to in the FAQs and Fee Structure. To obtain a Pro account – which essentially is a corporate account – traders should contact XTB directly. Opening an account at XTB is very simple and rather quick.

As for fees, both CFD trading platforms don’t charge any commission or a fee to deposit/withdraw funds. However, they do charge elizabeth willard thames other kinds of fee such as overnight fee and spread fee. XTB is an online brokerage company with headquarters in Poland.