XTB Broker UK Review

Built over advanced algorithms, XTB is a publicly-traded and user-friendly application. To use this application, the traders do not require any prior trading experience. Every XTB user can explore its education section or market analysis for comparing trends and analyzing information through graphs or heat-maps. With XTB brokers, you can trade in over 3,000 instruments. Before investing in any instrument, the traders can look for specific trading terms. The Price tables are available under the market analysis section of XTB website.

Affiliates may choose a three-tier CPA system or a 20% revenue share. The minimum deposit for qualified referrals is $400, something affiliates must consider. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. XTB’s clients can reach out to customer service via phone, e-mail, and live chat. Outside this window, you can email them or call their support number to solve your issues. XTB offers negative balance protection, which is mandated under ESMA rules that went into effect in 2018, but no guaranteed stop loss orders .

XTB Webinars

Since XTB is a regulated CFD platform, you must verify your phone number and submit all the required documents to confirm your account, before starting to trade. To verify your identity, you must upload a copy of a valid government-issued ID such as passport, driving license or a national identity card. To verify your address, you can upload a bank statement, utility bill, tax statement or phone bill. There is more than one type of trading account that can be opened at XTB and there are different requirements for each of them.

Moreover, the top regulatory bodies keep on checking the monitoring for compliance regularly. In the dynamic financial services industry online, success starts how to create application architecture diagram with the right trading platform. Whether you’re a beginner or an experienced trader, an automated trading platform can bring you desired results in no time.

Most articles are free, but some pieces require an XTB account for access. The overall research section is acceptable but lacks the quality of XTB’s core trading environment. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free XTB account. Here is a screenshot of the XTB quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms.

Traders can expect 0.08% commission on stock trades and the same low commission extends to ETFs too. A minimum order of $8 is a low amount to trade for beginners too. XTB is a comprehensive CFD trading platform offering stock and ETF CFDs. This broker has more than 1,500 global stock CFDs including big names like Apple and Facebook.

For UK and US users, there is also no option to invest in real shares or ETFs (you’ll always have to trade CFDs), unless you’re a resident of one of the EU countries where they operate. XTB also offers a mobile app (Android / iOS) to help users when trading on the go. In the following XTB review, we will be providing you with an all-rounded detailed overview of the trading platform and its services. XTB Limited isauthorized and regulated by the UK Financial Conduct Authority . To comply with the FCA regulations, XTB takes extensive measures to keep its clients’ funds secure by holding them in segregated bank accounts.

XTB Broker Review

There is no commission for stocks and ETFs if you trade less than €100,000 in a month. While favorable, this is still not the best offer on the market, as some competitors such as eToro or Trading 212 offer commission-free trading without any limitations. The fees are built into the spread in the case of stock index CFDs.

XTB offers 48 forex currency pairs spot tradable on two trading platforms. XTB provides low spread trading and both the MetaTrader 4 and xStation plus500 review platforms can be used to trade currency pairs. Customer service is a seriously important component of an online trading platform.

Regarding fees, XTB doesn’t deduct any fee for inactivity whereas Investous charges a monthly inactivity fee of 80 EUR or more depending on the length of inactive period. Both platforms don’t offer 2FA protection, at the time of writing. Our review of XTB revealed payment options not too dissimilar to CFD trading powerhouse Plus500. Traders can use either Credit/Debit cards, a range of e-wallets, or Bank Transfers. Not everything is for free here though, card and e-wallet deposits incur a fee of around 1 – 2%, depending on your jurisdiction, but bank transfer deposits are free. UK and EU traders can rejoice as GBP and EUR deposits are free when using credit/debit cards.

MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading.

More than 2000 stocks from 16 exchanges, including the United States (Apple, Netflix, Tesla, Google…), most European countries , United Kingdom, Switzerland. Short selling and leverage are possible via the CFDs available on the platform. To date, it offers a wide enough range to diversify its portfolio. In addition to forex, you can invest in indices, commodities, stocks, ETFs, and of course, cryptocurrencies. XTB has designed two types of trading accounts, the Standard Account and the Pro account, as well as the Islamic account.

Checked with customer support and was told that in Poland only available language option is Polish. Where is diversity, where is equality – these words are not known to developers, obviously. Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He’s also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

You can contact the customer service via phone, email, and live chat. The users can access technical indicators, charting, strategy tester, order management, and much more. MetaTrader 4 mobile app is downloadable from both Google Play Store and Apple Store. To withdraw funds, select the trading account, and enter the desired amount. All the withdrawals are processed on the same day if processed before 1 PM.

EFT Trading on CDFs

So, let’s start our XTB review analysis below to know more about the forex broker. Overall, XTB as a multi-asset broker provides a well-balanced trading experience while regulated in several major financial centers, hence considered a reliable broker. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards. Being a client of XTB you will enjoy the benefits of a long-term relationship that building durable cooperation with active traders as one of the company’s main objectives.

On the negative side, XTB has a limited product portfolio, covering mostly CFDs, although real stocks and ETFs are also available for some European clients. Additionally, XTB offers only basic fundamental data and charges an inactivity fee. We selected XTB as Best CFD broker for 2022, based on an in-depth analysis of 100+ online brokers that included testing their live accounts. The fact that withdrawals can only be made via bank transfer is a bit of a set back in the eyes of our videforex review. However, the good news is that withdrawals can be processed the same day if the request is made before 1pm GMT. XTB allow traders to trade financial markets on iOS, Android and Windows supported mobile devices.

XTB Lower fees, lower costs?

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. XTB allows users to trade CFDs of the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple. Apart from cryptos, XTB also offers CFD trading in stocks, forex, commodities, indices, stocks, and ETFs. To get the full list of financial assets available on XTB, check out their website. The trading platform offers ademo account with a balance of 100,000 GBP to help users learn trading skills without the risk of losing their money. XTB is a multi-asset trading platform with over 16 years of global experience.

Some of these languages are Turkish, Italian, Arabic, French, Spanish, English, Chinese, and more. Traders can use the iPhone or Android apps to access XTB’s trading instruments, account details, order types, and charting. On the smartphone application, there is also a live news feed. Similarly, the intermediate course consists of approximately 10 lectures and many platform tutorials. Each course includes both videos and articles for beginners. The content follows the industry standard of offering basic educational content on the forex and CFD markets.

XTB is a global broker making its footprint almost all over the world. It’s a public company listed in the Warsaw Stock Exchange. With 2100+ instruments and native trading platform xStation 5, XTB is a popular broker. In the following article, we will try our best to give an unbiased XTB review. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.

CFDs are derivative securities that allow traders to speculate on the price of assets without actually holding them in their accounts. Yes, XTB offers a fully-fledged mobile application for both Android and iOS platforms. Just tap and get started with trading CFDs and other instruments. The IB program works as a partnership between the traders and XTB.

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.

XTB reviewXTB Alerts And Notifications

There are a total 37 technical indicators and 29 drawing tools to choose from. The fees for using a debit/credit card or an e-wallet to make a deposit vary depending on where you live. Typically, a fee of up to 2 percent is charged for these transfers.

This regulation means that XTB customers and their capital are protected. In addition, XTB is subject to controls and binding rules. In my opinion, it is a minimum to require from his broker. The first time I opened the Station, I did not have a Wow effect.

Thus, instead of traditional XTB accounts with given rates, Islamic accounts provide accounts which offer profit/loss. The account in turn purchases assets with your money, which generate returns for XTB. As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.

XTB may have minimum withdrawal limits that you will need to check before withdrawing. XTB offers traders the x Station 5 and x Station Mobile trading platforms. The trading platform allows traders to trade anywhere, anytime, and choose from over 4,000 commodities in an intuitive design that makes it faster and easier for traders to manage their assets. I like the trading environment at XTB for its low trading costs and well-balanced asset selection. Regrettably, XTB discontinued MT4 and its support for algorithmic trading.

Stock trading is considered a short-term approach to investing. Successful stock traders can make large profits, but there is also a lot of risk involved in trading as well. Taking advantage of trading research tools designed to help traders analyse potential investments can minimise risk and provide an edge when attempting to earn profits. Some XTB research tools include charts, technical analysis, and currency correlation. An ETF is a collection of assets whose shares are traded on a stock market.