The spread on these assets is variable but taking Bitcoin as an example it typically stays between 1-1.5% of the market price with other cryptos reaching up to 2%. Overall then, if you are interested in trading crypto as a CFD, then XTB could be a good choice for you. Finally, if you are looking for social or copy trading choices, this may not be the best broker choice since neither are offered. The best thing you could is to open a free demo account to try out first-hand the XTB platforms, to be able to fully follow this report. In this XTB review you will find the results of much dedicated time spent by InvestinGoal’s team of experts studying the quality of the broker.
The best place to start is by looking at the EUR/USD currency pair, which typically has the lowest spread of any forex pair. At XTB, the spread for a EUR/USD trade is just 0.1 pip – that’s pretty incredible considering most low-cost brokers charge around 0.6 to 0.8 pips. Notably, the EUR/GBP pair, which is a minor currency pair and generally has a spread over 1 pip, comes with a spread of just 0.2 pips at XTB. With a Standard account, forex, index, commodities, and cryptocurrency trading are commission-free. However, you’ll pay slightly higher spreads for trading these assets than you would with a Pro account.
Forex Mobile Apps
An annual audit is performed by KNF to ensure XTB is solvent. The XTB review for both regulation and reputation is excellent. XTB is safe due to the regulation of the FCA, a financial authority in the top-tier. XTB is listed on the Warsaw Stock Exchange, has overall good customer reviews and an excellent reputation for security, fairness and available options. The regulation from worldwide financial authorities includes the FCA in the United Kingdom and the KNF in Poland. The cashback transfers are in accordance with lower spread groups and trading amounts.
However, XTB has improved the standard MT4 with different aspects. You can use the MetaTrader4 platform as a web trading platform, desktop trading platform, or mobile application.
(Review written for ‘XTB Subscription’)Full of colour, puzzles and activities. My 9 year old daughter happily sits and reads it by herself as the level is accessible and activities fun.
There is a built-in trading calculator, which details potential profits and losses. Those looking to trade at XTB through MT4 can download the software for free. There’s probably no broker out there to have been spared of such accusations. Some disgruntled users claim that the broker runs withdrawals through several banks. Deposits and withdrawals are quick and seamless with the broker.
When it comes to XTB leverage this will depend a lot on which regulatory authority you fall under. It will also differ depending on the asset you are trading. The first area to take a look at are the trading features that you can expect from XTB. The XTB withdrawal methods available are all the same as the deposit methods. This means wire transfer, credit/debit cards, and eWallets are all available. Just remember that you must typically use the same method to withdraw as you did to deposit. Wire transfers will typically take around 1 day to process.
These include your ability to set stop losses, take profits, and trailing stops to manage your positions. You can also put limit orders in place for when you are entering markets. The XTB Pro Account is an excellent account type for those traders who are searching for the lowest spreads possible. Again, XTB provides amazing accessibility with no minimum deposit required here. One of the most popular XTB account types for many traders is the XTB Standard Account.
Now what we need is a superb customer centre and XTB is proud to have one which tackles every issue that may arise with the highest levels of professionalism, focus, and attentiveness. The support centre can be accessed via numerous fixed phone lines in 12 countries, via a live chat, and through an e-mail for each location. We ask you to read our risk notice and disclaimer carefully before making any investment or action. The analyses provided are for information purposes only and cannot replace an individual discussion with a competent person. Liability for direct and indirect consequences of these proposals is therefore excluded. The comparison values are based on data from 15 Forex / CFD brokers. You do not have to comment to rate but feel free to comment if you have an opinion on this broker.
The first trading platform would be the in-house XTB platform, xStation5, which is an efficient and effective option to use for trading. You can use the Demo Account to experience the trading platform and its assets, through the simulation for free and for unlimited time.
- There is an inactivity fee, but it is just £10 per month after one year without trading.
- If available, these contents, advertising spaces or contributions are clearly marked as paid or sponsored contents.
- Except of a slight difference depending on your country, non-trading fees are low to non existent.
- At XTB, the spread for a EUR/USD trade is just 0.1 pip – that’s pretty incredible considering most low-cost brokers charge around 0.6 to 0.8 pips.
- XTB is currently operating in 17 different regions and countries with a separate version for international clients.
The active trader program is referred to as the XTB lower spread group. The group helps the broker compete with competitors including FOREX.com and FXCM with CMC Markets liquidity rebates or offerings for active traders. Spread2%LeverageYesCryptocurrencies974-89% of retail CFD accounts lose money.
Market Research And Trading Tools
The PRO is required to pay commissions on Forex but its maximum order size there is 100 while for the Basic and Standard accounts, this amount is 50. The maximum order size for Indices and Commodities for the Basic and Standard accounts is 15 while for the PRO , that size is 100.
For some economic releases, the calendar even displays the forecast value to be released and compares it to the previous value for that economic metric. MetaTrader 4 also enables you to create custom indicators, which you can use on their own or as part of a forex signal. Setting these up takes some work, though, since you’ll need to use MetaTrader 4’s custom scripting language.
Diversity & Inclusion At Xtb
XTB xStation is the broker’s own proprietary trading platform. It is an award-winning platform which is extremely accessible through both a webtrader and mobile version. The trading platform is compatible with both Windows and Mac while the mobile platform runs through Android and iOS without issue.
The level of educational and analytical material for all ranges of traders. We aim to process any withdrawal requests on the same day as long as that request is made before 1pm and the withdrawal is sent via bank transfer. We have a formal complaints procedure and we urge you to follow this so we can better understand your concerns with our service. They locked down new registrations so you couldnt trade with wallstreetbets. They are in the pocket of big money, like almost all of them.
Finding the right one is not easy and generally requires some time. Only limited fundamental data is available on the platform. The user can find some basic facts including the debt/equity ratio and P/E ratio. The user has a choice of a wide variety of different tools to help them select the right instrument to trade for their specific needs. There are several recommendations for trading ideas available in the news flow. In most instances, the trading ideas are based on technical tools and for the short-term only.
The trading platform is also very lightweight and easy to run. The overnight fee is that which you must pay if you hold a position past the close of market. Since XTB is a CFD broker, this fee will apply on almost every asset held overnight. Since the fee changes every day depending on the market, you can get up to date information on the exact fee through your trading platform on a particular day.
Focusing on the typical Standard XTB account found in most places, the spreads will be very competitive starting from a variable spread of 1 pip and with over 1,500 assets tradable as CFDS. There should be something for everyone and in a very accessible manner. The first point to note is that the process of opening an XTB live trading account is a very simple and convenient one. All you will need here is a copy of your ID preferably in the form of your passport, and proof of residence with a recent bank statement or utility bill.
All deposits must be made in US Dollars as no other currencies are supported by XTB. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. fxexplained.co.uk is an affiliated partner with various forex brokers and may be compensated for referred forex traders. If you’ve been looking for a low-cost way to trade forex, stocks, and commodities in the UK, you’ve probably come across XTB Online Trading.
One of the main positives for XTB is that they’re regulated by our own Financial Conduct Authority here in the UK. MetaTrader 4 at XTB is accessible through a tablet, a smartphone, and via a desktop. XTB’s MT4 enables users to add oscillators, signals, and indicators to their trading techniques and strategies. By making use of MT4’s potent pattern recognition tool to notice emerging trends, traders are able to perfectly optimise their technical trading. Utilising the one-click trading system permits customers to efficiently and quickly enter or exit trades. MT4 also permits the use of Expert Advisors for automated trading. XTB was bestowed with the ‘Best Trading Platform 2016’ award for xStation.
XTB caters to just about every type of online trader by featuring the popular MetaTrader 4 platform, as well as their very own award-winning proprietary xStation 5 trading platform. Additionally, both platforms are known for having lightning fast and reliable execution speeds to accompany the easy to use and intuitive trading interface. Traders can rest easy knowing they are dealing with safe and reliable trading platforms with XTB. Traders can choose between two highly sought after trading platforms that accommodate the needs of both beginners and experienced traders.
The xStation 5 platform created by XTB offers an excellent selection of research and trading tools with exceptional usability. XTB is a good option for trading cryptocurrency due to the wide range of CFDs. The user will not be able to access either operational metrics or financial statements. There are 35 technical indicators currently available on the platform. Traders have the option of trading with both the xStation 5 and MetaTrader 4 platforms using an Android or iOS device. The differences are in the small details such as the icons.
Also, transfer fees may be charged to the trader by the customers bank account. The app comes complete with bulk order closing, interactive charts, trade management, an economic calendar, and real-time market news. XTB is one of the highest rated Forex and CFD brokers of 2018 because of their extensive array of tradeable assets, sophisticated trading platforms, and extensive market analysis tools. xStation 5 on its own couldn’t stand up to eToro’s trading platform. But XTB once again comes through for forex traders by also offering MetaTrader 4. This trading software is much more difficult to use than what eToro offers, but it is also more customizable than eToro’s platform.