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XTB Review 2020 and Technical Opinions
by filippo | Mar 20, 2020
Were you looking for xtb reviews or simply for xtb broker, to find out more about the broker XTB?
You’ve come to the right place.
In this review on XTB, we will give you all the information you need to get a good idea of the real value of XTB.
You’ll find several XTB reviews online, but hardly as complete and professional as this one.
As traders, our opinion on XTB will mostly focus on the operating elements, the support’s quality, and the stability of the company as well as the security of the capital.
So, enough chit chat, let’s start talking with our XTB review.
The best thing when testing out the potential of a broker and its trading platforms, is to open a demo account, so:
PART 1 – XTB Legal Opinions – Company Information and Regulations
XTB was founded in early 2004 and, with over 14 years of experience, it is a world leader broker in Forex and CFD trading.
According to the Wealth & Finance International Award, it is the FX & CFD broker with the highest rating for 2020.
XTB Broker – X-Trade Broker
The parent company is X-TRADE Brokers DM SA, a Polish company based in Biurowiec A VII pietro Ogrodowa street 58 Warsaw, 00-876, with offices in over 13 countries. 12 of which are just in Europe. Here’s just a few of all the countries: UK, Poland, Germany, France and Turkey, and 6 more countries in South and Central America.
Due to its company policy and professionalism, XTB is regulated in every country it works in.
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Free Demo Account!
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The core business of X-TRADE Brokers DM SA is trading broker (which we will describe in the following paragraphs).
However, the company also offers another excellent element, namely the innovative technology of xtb, developed internally and also distributed to other business partners through xopenhub.
A striking example of the validity of the projects by XTB is definitely the Xstation, a proprietary, highly technological trading platform X-TRADE Brokers DM SA even distributes to other companies.
A further and important distinctive feature of this company are the numerous awards it has received from important establishments of the field, which, as years go by, keep confirming the choices and the winning path of this broker.
Let’s see a quick rundown of some of the most important awards XTB has achieved over the years.
The prizes the company has received are the following:
- 2020: Borker wahl – best forex broker and best CFD broker 2020.
- 2020: Leser Awards 2020 (This independent online magazine awards its prize to companies focusing on important and relevant criteria for clients, such as product offerings, cost transparency and performance. This award is particularly important as it is awarded by an extremely competent and incorruptible jury).
- World Finance Exchanges & Brokers Awards 2020 (World Finance is an authoritative quarterly magazine offering coverage and analysis of the financial sector, international activities, and global economy).
- 2020: Online Personal Wealth Awards 2020 (award for companies offering excellent services and products in the field of personal wealth).
- 2020: M&A Today Global Awards 2020 (the M&A Today Awards aim to be the most coveted and complete awards in the world, accepting votes from over 163 countries worldwide. These awards are recognized as the only awards dedicated to excellence on a truly global basis.)
- Wealth & Finance Global Excellence Awards Highest Rated FX/CFD Broker 2020 (another very important monthly and online magazine, as well as an important company in the field)
A Brief History of XTB
- 2002:X-Trade is the first broker to provide access to the forex market with leverage on the Polish market, with its headquarters in Warsaw.
- 2004:X-Trade becomes XTB, to comply with the new legislation on the Polish market.
- 2005:XTB is authorized by KNF (the Polish authority for financial supervision) to offer brokerage services on various financial products
- XTB receives an award as “Best broker in Europe” from the Money Markets Journal
- 2007:XTB opens its first foreign branch, in the Czech Republic
- XTB becomes a member of the Warsaw Stock Exchange and the Polish National Clearing House
- 2008:New offices in Germany, Spain, Romania and Slovakia
- 2009:X-Trade Brokers changes its brand to XTB Online Trading
- 2020:Opening of branches in Hungary, Italy, France and Portugal, with cross-border licenses in the Netherlands, Austria, Sweden, Belgium, Greece and Bulgaria
- XTB opens its subsidiaries in the UK and in Turkey
- 2020:X-Trade Brokers is successfully listed on the Warsaw Stock Exchange, with its shares recording a growth of over 4% on the first day.
- XTB begins its collaboration with Hollywood actor Mads Mikkelsen as brand ambassador.
Is XTB safe? Is it a scam? – Legal Opinions
You must be wondering whether XTB is safe. In trading, the most important thing to take care of first is finding a reliable broker.
Seeing the path of XTB over the last 14 years of activity, we can safely say that XTB is not a scam, it is one of the safest brokers on the international online trading scene, regulated by the major global financial supervision authorities including the Financial Conduct Authority, KNF, and CySEC.
Since we mentioned some of the world’s financial supervisory authorities, let’s see what licenses are held by XTB in particular:
- Financial Conduct Authority (FCA)
- Komisja Nadzoru Finansowego (KNF)
- Cyprus Securities & Exchange Commission (CySEC)
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Comision Nacional del Mercado de Valores (CNMV), official registry number 40 of 04/04/2008
XTB TRADING – Safety, Regulations and Deposit Insurance
XTB Trading’s safety is therefore confirmed, not just for the seriousness of the company, but also for the authorities that regulate it, which vary according to the country that hosts its activity.
CySec guarantees for deposits up to 20,000.00 Euros or Dollars in the event of a liquidity or bankruptcy crisis.
Besides the professionalism of the company, I’d say the guarantee on deposits by the regulatory authority will definitely allow traders to sleep tight, even though we are aware it doesn’t count for much, traders never sleep tight, they’re always busy perfecting the strategy that will lead them to earn the maximum profits :).
Regulations: XTB International Limited is licensed and regulated by IFSC (IFSC/60/413/TS/17); XTB Limited is licensed and regulated by FCA (522157) and by CySEC(169/12); X-Trade Brokers DM SA is licensed and regulated by KNF; XTB Sucursal is licensed and regulated by CNMV.
- Type: ECN
- Leverage: 1:30
- Min Deposit: £250, €250, or $250
- Platforms: MT4, XStation 5
- Headquarters: XTB Group has its headquarters in Warsaw, Poland
- USA Clients: no
- Other assets: CFDs on equity indices, commodities, ETF, cryptocurrencies, Cash Equities
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- Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530).
- Type: ECN, Market Maker
- Leverage: 1:500
- Minimum Deposit: $ 200
- Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
- Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
- US Customers: No
- Other instruments: CFDs on indices, commodities, cryptocurrency
PART 2 – Opening an Account on XTB
As per most brokers, XTB allows users to open a demo account.
When opening an XTB demo account, you can select:
- the type of platform you intend to use, either XStation5 or MT4
- the type of account you want to test, standard or PRO.
The XTB demo account follows exactly the same conditions that will be applied when opening a live account.
This is why the XTB demo platform is useful to test all the services they offer, even just to practice and familiarize with the tool. Knowing how to use the tools of the trade is extremely important.
If you already have a strategy, you will be able to see if it adapts to XTB’s platforms as regards:
- required margins
- order entry and cancellation
- use of analysis tools
- graphical operational features
- anything else you can think of you’d like to test
If you don’t have a strategy yet, you’ll have the chance to test your theories on the markets in a secure environment, that accurately replicates the conditions you will find with a live account.
XTB allows different trading styles, even the most complex and inconvenient ones that are the hardest to manage for brokers, such as scalping.
Demo Account VS Live Account
The XTB demo accounts and the XTB live accounts have no differences.
The XTB demo platform has the same features of live accounts, i.e. the platform is identical, the functions are identical and can be used the same way.
As for applied margins, spreads, and any other commission, there are no differences between the demo and live accounts, save for the fact the first uses virtual money, and the latter uses real money.
Even the order entry and edit speed is surprising with an XTB live account.
How to start trading with XTB
Now, let’s see how to start trading with XTB.
This operation is all in all quite simple, you can switch from Demo Account to Live Account directly from your demo platform or from the usual bar at the top right of the main site.
In both cases, you will be asked for your personal details and for proof of residence, which you can provide with a bill or bank account statement.
After your identity has been verified by the competent office, you will be ready to make your first deposit in XTB.
Once your account has been verified, you can proceed depositing the amount you wish to start trading on the XTB account.
For all the countries XTB is in, the capital is funded into a secret account of a bank in the country. This way, the capitals don’t end up in “strange places”, they are kept in the country, another great sign of the society’s professionalism.
There are no deposit restrictions, so there is no minimum XTB deposit, and hypothetically it is possible to start trading with just 10 Euro. However, for obvious operational reasons, we suggest a minimum deposit of about 500.00 Euro. Considering the required margins, you’d hardly be able to open a trade with 10 Euro.
To finalize the deposit to XTB, you’ll need to access the customer area, clicking on the button on the top section of XTB’s website, head to the deposit area, select the XTB account you’d like to deposit to, and finally select one of the available payment methods.
The deposit to the XTB account is allowed through several methods.
Approved Payment Methods
There are several accepted payment methods for XTB, including all the main ones:
- Bank wire: executed with a classic wire;
- Credit card: through the major international circuits such as Visa, Visa Electron, Master Card, Maestro, Master Card Electronic. In this case, the payment can be made directly from the customer area;
- e-Wallets:Customers of XTB Limited (ex. DUB Investments Ltd) can deposit to their trading account through the PayU system. No fee is charged for payments made through this system. Payment via PayU is available from the Customer Area.
There are two ways to withdraw money from the XTB account:
- From the customer area, selecting the withdrawal option;
- Calling Customer Support.
The withdrawal from the XTB account is processed on the same day, if requested before 1PM GMT. Requests made after 1PM will be processed on the following business day.
Please Note: A 30 Euro commission will be applied for withdrawals from accounts with a balance of less than 100 Euro, regardless of the amount to be withdrawn. If your account balance is of 50 Euro, regardless the amount you wish to withdraw, a commission of 30 Euro will be applied. In this case, depositing 51 Euro would be the most sensible choice, as it would take the balance to 101 Euro, and no commission would be applied to the withdrawal, even if you wanted to empty the account’s balance.
What type of trader are you?
79% of retail CFD accounts lose money
PART 3 – XTB Reviews of Accounts, Markets, Commissions
Looking for detailed on the XTB account types and conditions? Here’s the section for you.
Costs, Spreads and Commissions
Speaking of XTB costs and commissions, generally we could say that:
- the standard profile has no commission costs, only wider spreads
- the PRO account has commissions to open and close positions (normally 3.5 Euro per lot), but narrower spreads
Other costs applied by XTB, as by almost all brokers, are on swaps and any fees on CFDs.
The account has no management fees.
Since costs and fees may vary depending on the assets, we suggest analysing the costs and trading conditions XTB applies for the financial instruments you’re interest in.
You can also test the various costs practically by opening positions on the XTB demo account and requesting further clarifications from your account manager.
Trading Accounts (Trading Profiles)
Now, let’s review the types of trading accounts offered by XTB. There are two types of accounts: standard and PRO.
The fundamental services are included in both types of XTB Trading accounts. Both accounts have:
- Direct order execution on the market;
- All negotiable assets (CFDs on Forex, Commodities, Indices, Crypto, Shares and ETFs) for a total of more than 1,500 available instruments;
- Maximum available leverage of 1:30;
- Access to the XStation and MT4 platforms;
- No account management fees.
The main difference is in the management of commissions and spreads.
The standard account has no commissions on Indices, Forex and Commodities, but the minimum spread (which is not fixed) is of 0.9 pips.
The minimum spread for the PRO account is of 0.28, a lot less, but it has a commission cost of 3.5 per lot, applied both when opening and closing positions.
Standard Account VS PRO Account
Given these different features of the two account types offered by XTB, let’s try to compare them: standard XTB account vs PRO XTB account.
As already mentioned in the previous paragraph, the most notable differences are the commissions.
To clear up the consequences of this difference, let’s make a practical example, analysing a transaction of EUR/USD with a lot size of 1.
When the position is opened, a spread of at least 0.9 will be applied, corresponding to 9 EUR.
No costs will be applied when the position is closed.
As a result, the whole operation will cost 9 Euro, which translated into pips is 0.9 pips, which is not high.
Warning: the spread is of at least 0.9 pips, in times of low liquidity or high volatility these values tend to increase.
When opening the position, a spread of at least 0.28 will be applied, which corresponds to 2.8 EUR + 3.5 EUR commission, for a total of 6.3 EUR.
When closing the position, only the broker’s commission will be applied, which is of 3.5 EUR.
As a result, the total cost of the operation will be of 9.8 EUR. As before, in pips, this value is of about 0.98 pips of spread, to be calculated on the whole operation, which still isn’t bad.
Compared to the standard account, the PRO account has a higher cost of 0.08.
To sum up the result of this comparison of XTB standard account vs XTB PRO account, we could say that, if your trading account isn’t large and does not deal with too many transactions, opening a PRO account just wouldn’t be worth it. With the standard account you’d still have all the services available to the PRO accounts.
When can an XTB PRO account be useful?
Considering that the advantage of the PRO account is to offer very tight spreads, the XTB PRO account is useful when operating on large volumes. This can happen either because you have a very large account and you make transactions with significant countervalues, or because your trading style is hectic, so that the countervalues bought and sold throughout the day add up to being important.
XTB Online Trading! Let’s see all the assets you can trade on through XTB.
There are many diversified available markets and assets on XTB:
- Stock Options
- CFD Stocks
- CFD ETF
Within these markets there are many available assets as with XTB you can trade on about more than 1,500 financial instruments. So, let’s take a more detailed look at them.
It’s important to note that, save for stock options (except for CFD stocks), all other assets are traded through CFDs.
XTB Binary Options, which are sometimes mentioned, don’t exist. XTB has never dealt with binary options.
Initially, the company had vanilla options on forex, but it removed them from its portfolio because as they were hardly used by clients.
Forex is the first market XTB started working with.
The Forex portfolio of XTB comprises 48 currency pairs, ranging from the main to the minor currencies, with variable leverage and swaps for overnight transactions that can be cashed or paid, depending on whether the position is Long or Short on the currency with the highest interest rate.
XTB offers 35 indices ranging from the 21 main ones to the most traded ones. Of these, many are European, from markets such as France, Germany, Spain, Austria. Portugal, Brazil, and America are also present, together with a very interesting index that not all brokers offer, the VIX, also known as the “fear index”.
Operations on commodities with XTB are also carried out as CFDs. The offered commodities are the 21 main and most traded ones, ranging from agricultural, colonial and tropical, metals, precious metals, such as GOLD, and energy, such as OIL.
XTB’s offer on shares is extremely broad, and it differs from that of the vast majority of other brokers in the field, as it takes place on the real underlying asset, therefore delivering the underlying asset to the portfolio.
XTB offers 1825 shares for trading. These would be the main shares on the most important markets.
As regards cryptocurrencies, XTB may not be the broker with the widest offer, but it has gotten a lot better since it started, today it offers 25 cryptocurrencies among the most famous and capitalized ones. Even though we have to admit there are brokers offering wider selections of cryptocurrencies than XTB, its offer is still quite good.
So, if you want to try the thrill of high volatility, speculating on the most famous cryptocurrencies, go ahead.
Another 1,550 shares to invest in, this time though, through CFDs, not directly on the underlying asset, but on a contract that replicates its value.
XTB’s offer even includes the world of Exchange Traded Funds, the passively managed investment funds traded on the secondary market as shares.
The ETFs offered by XTB are a total of 87 (from synthetic indices to share bundles, etc.)
79% of retail CFD accounts lose money
PART 4 – XTB Trading Platforms Review
The XTB trading platforms have also been carefully studied and analysed.
After all, one of the main strengths of XTB is certainly its technology. There are two XTB trading platforms:
- The XStation5, an absolutely proprietary platform
- The MT4
In our opinion, the XTB XStation5 is, in a nutshell, AMAZING!
It is available either as software, to be installed on the PC, or in web version, also known as XTB Webtrader, and can be used directly from the browser, without having to install anything.
PLEASE NOTE: XTB Mac! An important note for traders who love Apple products, both the web version and the software version are available for Mac computers.
It’s hard to find such intuitive, fast and stable proprietary platforms, which are all the features we look for in a trading platform. In addition, the XStation5 has a series of advanced functions that allow a truly advanced approach to trading.
Let’s take a quick look at the cornerstone features of the platform.
XTB is a very fast broker when it comes to processing orders and, thanks to the XStation, this speed can be felt thoroughly. If, like me, you love the MT4, you can’t help but appreciate the speed of this platform.
In addition to speed, two other important elements are its lightness and stability, and that would already be enough. However, there are other interesting elements to consider.
The Xstation5 is very easy to use.
If you have ever even just tried a trading platform, this will immediately put you at ease. This platform is easily customized graphically, it even allows to detach the charts from the central body, which is well suited for multi-screen configurations.
The order entry is made through a special form in the market view (where you can find all the financial instruments made available by XTB), within a dedicated pop-up window, and it also integrates the “ trader’s calculator”, which dynamically reports the cost of the transaction, in terms of margin, spread and applied leverage.
Orders can also be made directly from the chart, where you can set stop losses and take profits.
Staying on the topic of order management, there are some useful functions for fast trading, such as reversing positions, doubling positions and closing positions with just one click. It’s also possible to close all positions together, either only the positions turning profits or just the ones at a loss. You can also partially close positions.
The tools for traditional chart analysis, such as trend lines, channels, rectangles, triangles, Fibonacci and many others are all available, as are the less usual tools, such as speedlines, Andrew’s Pitchfork or Gann’s fan.
There is a wide selection of indicators, but not as extensive as in other platforms. They are however very easy to insert, customize and delete from the chart.
There is a calendar section, which shows the economic events and the XTB news, a market analysis section with several interesting trading tools and a training section.
A last and interesting chart tool (which isn’t available on many platforms) is the chart comparison, i.e. the possibility of inserting two or more financial instruments within the same chart, a useful approach to evaluate correlation (widely used for spread trading techniques), compare their volatility, or simply compare the historical trend of two or more assets.
Clearly the platform offers much more than what is briefly described here.
The MT4 platform of XTB, is also available in the browser version, and it is exactly the same as that of all the other brokers who have adopted the MT4. I’d say it’s better than the MT5, which has some more limitations, such as the activity on hedging operations. As a trader I prefer to be free to operate as I see fit without limitations whatsoever.
What else could we add about the MT4 that hasn’t already been said… The MT4 platform has long been an institution in the forex trading field, so if you want more specific information, you can easily find it online.
To try and make a comparison with the XStation5 to help you decide what is best for you, I’d say that if you are looking for some specific and customizable indicator, or if you want to work with automatic or semi-automatic trading system, you have to go for the MT4, which supports scripts, Expert Advisor and custom indicators, developed in the mql4 language.
For all other cases I recommend the XStation5.
XTB is also equipped for mobile trading. The platforms that allow XTB mobile trading are the same, only in versions adapted for the various devices.
The XStation5 can be used both from tablet and phone, and even from smartwatch, you just have to download the specially created XTB app. The apps also work on iOS, with XTB iPad and XTB iPhone.
The MT4 also has an app that allows you to operate from tablet and mobile.
XTB Promotions – Bonus and Benefits
Here we are, at the promotions section, which very often facilitate possible clients to open an account. Unfortunately, due to the ESMA regulations, there are currently no XTB promotions.
Truth be told, today it is unlikely you will find a regulated European broker offering entry bonuses or something similar, simply because the law forbids them.
Unfortunately, the days of the XTB Trading CUP are over!
You should know that, when XTB Forex Broker landed in Italy, in 2020, the company organized the XTB trading CUP, a trading competition with demo accounts that even had a Porsche Cayman as the final prize. Not a bad start for XTB Italy!
Having said that, we must however point out that if, you are a professional trader, with a fair amount of capital and a good operating strategy, account managers will very often give you a hand to improve the commission level that is applied to your operations.
So, if on one hand there currently aren’t any XTB promotions, on the other there is always the maximum availability to find the best solution for every trader operating with this company.
Honest XTB Forex Broker Review
Table of Contents
|(4.8 / 5)||More than 10||3000+ Markets||0$|
The choice of a trusted Forex Broker is very difficult nowadays. XTB is currently one of the best-known internationally. Are you looking for experience with the Forex Broker XTB? – Then you are exactly right on this page. With more than 7 years of experience in the financial markets, we tested the broker for real money. You will get an overview and an introduction to trading with X-Trade Brokers. Is it really safe to invest your money there? – Inform yourself in detail.
The official homepage of XTB
What is XTB? – The broker presented
The company was founded in 2002 in Poland and is still a good address for online trading. The company quickly grew in demand and offices were opened throughout Europe. Currently, the broker is represented in over 12 countries. Maybe a branch is also located in your country. XTB is a public company, which is traded on the Polish stock exchange. In 2020, the company dared to take that step and posted a 4% gain on the first day.
With this Forex Broker, you can trade over 3,000 different assets and 6 asset classes on a universal trading platform. In addition, XTB connects its customers with very good customer support through support, webinars and training long term. Extensive training also helps beginners to find their way around the markets.
Personal care and a high deposit guarantee are the broker’s heart. Overall, the company has won many awards, which makes an additional good impression on me. From my experience, the company is one of the top providers.
Facts about the company:
- European Broker which accepts international clients
- The company is traded official on the stock exchange
- There are a lot of XTB branches worldwide
- Huge variety of markets to trade
XTB regulation and safety of customer funds
The regulation of an official financial regulator is essential for serious online trading. The broker thus gains trust between him and the customer. Among other things, European brokers must have official regulations to offer certain financial products. If such a license is missing, one can start from possible fraud. Before investing, the provider should be checked for regulation.
For your own safety it is recommended to trade only with regulated companies and brokers.
XTB has several international regulated regimes as the company has a large number of branches in different countries. Important and well-known regulations of the broker are for example the FCA (UK), IFSC (Belize), BaFin (Germany) and the KNF (PL). Thus, the company radiates a very high level of security.
Global regulated Forex Broker based in Europe
Certain criteria and requirements must be met for such a license to be awarded. A breach or fraud would mean the immediate loss of this license. Another point for a good provider is the security of customer funds. XTB keeps client money separate from corporate funds in Europe. Speculation with client funds is completely excluded here. There is also a deposit guarantee of up to 20,000€. In summary, XTB makes a very serious and trusting impression on us. Fraud on the customer can be excluded.
Facts about the regulation and safety of customer funds:
- International branches with regulation
- Separated customer fund from the broker’s money
- Regulated payment methods
- High deposit guarantee
Review the conditions for traders
Before opening an account with an online broker you should be clear about which trading instruments you would like to trade and which offer or terms the broker will give me. From our experience, XTB is a truly broad-based provider of many financial products and asset classes. More than 3,000 markets are currently available and the company is steadily expanding its offering.
Huge range of markets (variety sometimes depends on your country)
Trade Forex, Equities, Commodities (CFDs), ETFs, and Cryptocurrencies (CFDs) from a trading platform. As a beginner, you can quickly find your way around the platform, because the menu navigation is very clearly arranged.
You can trade a huge range of markets:
- Index and Stocks
- ETFs (Exchange Traded Funds)
Add to that a maximum leverage of 1:400, which can be used to make faster and more profit. Furthermore, the trading fees are very low compared to other providers and very competitive (more on this website later). Also, beginners can start trading with a very small amount of money. In summary, the conditions make a very good impression on me. XTB clearly stands out from other suppliers because of its experience and expertise. Further down on this website we will go into more detail on the individual topics.
Facts of the conditions:
- Maximum leverage 1:400
- No minimum deposit
- Low spreads and the best execution
Which Trading Platform is available with XTB?
The trading platform is the most important tool for every trader. It is all the more important that it works correctly and is reliable. Of course, XTB’s trading platform was scrutinized in this review. The world-famous Metatrader 4 and its own developed xStation 5 are offered as software for the trade. From our experience, xStation 5 has a few more advantages in contrast to Metatrader 4, which is why we would like to elaborate on this platform in the following lines.
Professional xStation 5 Platform
The platforms are available for any device:
- Web Trader
- Mobile Trade
The platform makes a very professional impression on us. It is very easy to use for beginners. A clean structure helps the trader not to get confused. Prices and charts are clearly visible. There are many options here. In addition, the trading platform displays possible fees openly and transparently.
Compared to other platforms, the xStation 5 is really worth mentioning because not every Forex Broker offers a good and reliable trading platform. Through various tests and ideas from traders, it has turned out that the xStation is very powerful and you have real-time access to the markets.
Professional Charting für beginners and advanced traders
Technical analysis is a tool for long-term market success for most traders. That’s why it’s important to check if an offered trading platform provides the right tools. The first impression of xStation 5 is sensational because the charts are personally customizable.
Use several chart representations:
- Candlestick Chart
- Line Chart
- Heikin-Ashi Chart
For personal analysis, drawing tools and indicators are provided. More than 6 different drawing tools can be actively used on every chart. So the analysis should not be a problem for a trader. For example, use horizontal, vertical or trend lines. Even the familiar Fibonacci levels can be inserted with just a few clicks.
The drawing tools are also independently adjustable in the presentation. Also, indicators make up a significant proportion of the tool in xStation 5. More than 20 different indicators can be inserted in a few clicks.
- More than 20 different indicators
- Technical drawing tools
- Customizable and user-friendly tools
XTB Analysis, News, and Stock Screener
In addition, xStation 5 delivers current market news and a professional stock screener. Get the latest business news and results displayed directly on the trading platform. Market news is provided by XTB every day on current events and can generate additional trading ideas. In any case, the market news should always be checked before a trader in order to increase the probability of winning.
Stock screener and more helpfull tools
Stock traders beware. 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. This makes it easier for you to find profitable companies from more than 3000 markets. To the large offer, there is also help under the point “training”. Video tutorials are provided to show trading on the platform.
Get more success through:
- Market News
- Market Analysis
- Stock Screener to find the best companies
- Educations center
How to trade with XTB? – Step by step guide
XTB’s trading platform comes with all the tools you need for a professional trading experience, but how does the Forex Broker Order actually work? We would like to talk about this in this section. Below this text, you will see the live order mask of XTB. There you can see different settings.
In general, the Forex Broker offers you the opportunity to invest in rising or falling markets. Short sales (short) are easily possible by the forex market or if you own the stock and want to hedge. Minimum amounts of a few dollars can already be invested. The biggest advantage of the platform is that all sizes and transaction properties are displayed transparently. So it is easy with a bit of practice to plan an exact risk and start the investment.
- First, select the appropriate contract size for your investment. This starts at 0.01. You will see the current value next to it and the margin (security deposit) will also be displayed directly to you. For leveraged products, the margin is much smaller than the contract value (maximum leverage 1:400) So you can move 1$ into your account with a maximum of 400$ on the market.
- Another great feature of the order mask is the display of fees. All costs such as spread, commission and daily swaps will be displayed before the position is opened. So you can include the fees in your risk.
- Stop-Loss and Take-Profit are price levels in the market that automatically close your position. So the risk is limited and the profit secured.
The execution at XTB is very fast, as the broker sits directly near international trading centers (for example) Frankfurt. In addition, the Forex Broker brings thanks to the current low-interest-rate environment in Europe another advantage of no swap fees in some commodities or indexes.
How to open your account and get started
Open your free account in less than 60 seconds
Free and unlimited XTB Demo Account
The demo account is the best way for beginners to practice trading.
XTB offers a free demo account for 30 days. However, this only applies to new customers without registration of a live account. If you open a live account, you can benefit from unlimited demo accounts. In the dashboard, you can open as many demo accounts as you want. The demo account is filled with 10,000$ and can be recharged at will.
Start Trading with real money
If you have enough experience in the demo account, you can open a real money account and start real investments. For the real money account, the broker needs some documents. Before the first deposit, the account must be fully verified. This is prescribed by the strict regulations.
Verify yourself with a passport and proof of your home address. For this, the documents can be uploaded or photographed via webcam. XTB uses an external service that checks the identities of the traders. Alternatively, the classic route can be chosen by going to a post office. Once the documents have been submitted, the Forex Broker will unlock your account and you can start depositing.
Account opening process:
- Full verification is required before the first deposit
- Upload the ID and proof of residence
- Use upload, webcam or post
- 0$ minimum deposit
Choose the best XTB Account Type for you
The broker offers 2 different account types. There is a Standard- and a Pro-Account. XTB has created a possibility for small and high-paying traders. The only difference between the types of accounts is that you pay less in the Pro Account, but you need to trade in higher positions starting at 0.10 Lot.
Which account is the best for you?
This can not be answered on a flat-rate basis since one’s own risk and trading strategy play a role. In the standard account, you can start from just 0.01 Lot. This is the smallest position size and the risk is in most cases only a few cents. It also plays a role, which Stop-Loss and Take-Profit range you use. In the Pro-Account, you have to trade at least 0.10 Lot and can only increase this amount in 0.10 Lot. For smaller deposits of 200$, for example, the Pro-Account is in my opinion unsuitable.
You have to give yourself an overview. The lower table will give you the conditions of the account types:
|Standard Account||Pro Account|
|Assets:||More than 3000 markets||More than 3000 markets|
|Leverage:||Maximal 1:400||Maximal 1:400|
|Spreads:||0.7 Pips||0.1 Pips|
|Forex Commission:||0$||3.5$ per 1 traded lot|
|Min. Positionsize:||0.01 Lots||0.1 Lots|
|Stocks Commission:||0,10% (min. 3.99%)||0,10% (min. 3.99%)|
Review of the deposit and withdrawal of money
In this section, we tested the deposit and withdrawal of XTB. For traders, it is important to be able to carry out quick transactions of funds. Deposits should work without errors and in a few minutes. The payouts should be granted without any problems.
Overall, XTB is very well positioned for client cash transactions. There are several methods available, including PayPal. This is a very big plus for the broker because this method is often in demand by traders, but not every broker can offer it. There are no fees for the deposit. At the payout but you have to look more closely. For payments below 200 €, there is a charge of 10 €. Above that, all payouts are free.
Sometimes the payment methods depending on your country
The broker gains further confidence with me through the fast processing of the transactions. Within a maximum of 3 days, payment will be processed. In most cases, it takes less than a day and the payment is sent. In summary, there is a very good and recommended payment system at XTB.
- Credit Cards
- Electronic Payment Systems
- Payment within maximum 3 days
Is there negative balance protection on XTB?
The additional funding requirement is feared by every trader. In the past, there were such extreme events in the market that drove some account balance the negative balance. Forex Brokers worked too badly or slowly. Thanks to tightened regulation, there is currently no additional funding requirement, not even with XTB.
The fees for trading on the platform
From our experience, the costs and fees are very low. For example, some brokers charge a direct fee of over 50 € for 90 days of inactivity. With XTB one pays, for example, a maximum of an inactivity fee of 10 € after 365 days.
The fees for an order in the market are also very low compared to other providers. For example, trade the Dax at 0.7 points spread. For most traders, it pays 100% to switch to XTB.
Fees of XTB:
- 10$ inactivity fee after 365 days
- Markets spread for opening and closing positions
- Commission for CFDs
- Commissions for Stocks
- 10$ fee by withdrawals below 200$
Another important advantage of XTB is swap-fees (financing fees). Currently, you are not paying any financing fees on stock indices overnight and on some commodities. Currently, it is the only broker to offer this advantage. If interest rates remain low, you will continue to pay no swaps.
Which type of support and service do they offer?
The last 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. Professionally trained staff support you 24/5 during the week. The Forex Broker even suggests that traders can make a visit in the branches. In addition, the company is represented at many trade fairs, for example at the World of Trading in Frankfurt (Germany).
Compared to other companies XTB offers the best service for its traders.
Support is available by phone, chat, email 24/5. From my experiences and tests, you always get a very competent answer. In addition, after the opening of the account, a personal contact person will be in charge, who will introduce you to the world of XTB. The service at this broker is really great in comparison.
Professional XTB education and analysis
Market analyzes are issued daily at XTB and sometimes even sent by email. You can read the market analyzes directly on the homepage or in the xStation 5. Interesting trading ideas can be generated in this way or you are informed about important market events. The analyzes of XTB are professionally processed and quite suitable for their own application for trades.
Professional education center for beginners and advanced traders
Another service is the learning materials and training center of the Forex Broker. Videos, e-books or webinars for customers are provided. 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.
Unlike other providers, XTB committed to providing its clients with sustainable and good knowledge. The more successful a trader is, the more the broker earns from the increased trading volume. It’s a winner for both sides.
The best support and service:
- 1 to 1 support for each client
- Education, coaching sessions, market analysis, and webinars for free
- 24/5 support per phone, email or chat
- Professionally educated service employees
Conclusion of my Review – XTB one of the best Forex Brokers?
Without question, XTB is one of the top Forex Brokers for me. A change of your actual broker will be worthwhile for you because the fees and costs are very low compared to other providers. For example, a special bonus is the abolition of the abolished financing fees overnight.
The variety of over 3000 assets and various financial products is huge for the clients and you will surely find your suitable market. The Forex Broker is trying to expand the offer and adds new markets. Recently, you can trade more than 15 different cryptocurrencies.
It is a regulated and licensed broker from Europe with a high deposit guarantee. In addition, the share of the company is listed on the Poland stock exchange. All this makes a very serious impression on us. A fraud could not be detected here.
Furthermore, every customer gets a good service via support. For every trader, there are webinars and even 1 to 1 training. Expand your knowledge as a beginner and advanced. Try the provider in the free demo account now.
The advantages of XTB:
- Full regulated and safety Forex Broker
- More than 3000 different markets
- Very good trading conditions
- One of the best platforms (xStation 5)
- No hidden fees
- No minimum deposit
- Professional support and customer service
In conclusion, the Forex Broker XTB offers its traders a huge range of markets and a good service. (4.8 / 5)
If you’re looking for an accomplished and reputable forex broker, then you’re in the right place. Our review of XTB highlights a leading brokerage which offers a significant amount of trading instruments for those keen to navigate the global marketplace.
There are over 1,500 offerings, giving you the ability to take advantage of international trends. This diverse market selection includes cryptocurrencies, stocks, Forex, indices, ETF markets, and commodities.
XTB is also heavily regulated and provides its traders with a range of educational materials and trading tools. They also offer an award-winning proprietary trading platform, xStation 5, which can be accessed from both desktop and mobile.
Overall, XTB is a one-stop-shop for traders looking for great opportunities across various assets. Continue reading our XTB broker review to learn more.
- Best broker for financial diversification
- 1,500 financial markets to trade including stocks, indices, crypto, Forex, and commodities
- Award-winning, mobile-optimized trading platforms
- Well-regulated and trusted as one of the best Forex brokers
- Global presence with offices around the world
- Relatively high minimum deposit
XTB is one of the largest FX and CFD brokers in the world. They first formed in 2002 and, in doing so, they became the first leveraged foreign exchange broker in Poland. They have since listed on the Warsaw Stock Exchange and have opened offices in 12 other countries. These impressive facts should give you some sort of idea of just how well-respected and serious this broker is.
XTB now offers its services to traders across the world, including France, Portugal, Hungary, Italy, Turkey, the UK, and Latin America. Sadly, however, the broker does not accept US traders at this time.
XTB offers all clients over 1,500 markets. Of these, our reviewers were very impressed with XTB’s cryptocurrency offerings. They have a total of 25 crypto CFDs, 9 of which are individual coins and 16 of which are currency pairs.
This massive range of markets on crypto and other CFDs helps to illustrate why XTB has collected so many awards over the years. They have received dozens stretching back to their inception. The latest award in the XTB collection is the “Best CFD Broker in 2020”. With this many options, we can certainly see why.
XTB regulation and licensing
Our review of XTB found that the broker is very well-regulated by several respected authorities. Starting with the KNF, which is the Polish regulatory body, they have since added some of the more prestigious regulatory bodies such as the FCA in the United Kingdom, as well as CySec in Cyprus.
These are two of the larger regulatory bodies in the European region, and two of the most well trusted. This gives you all of the protections afforded by those regulatory bodies, including insurance schemes to protect deposits. Ultimately this offers security that’s unparalleled.
There are three account types offered at XTB: the Standard, the Pro, and the Islamic. All three accounts offer a maximum leverage of 1:200 to international clients, and a 30:1 leverage for EU traders.
All three accounts offer Forex, commodities, indices, stock CFDs, and ETF CFDs. Standard and Pro accounts offer Crypto too.
Standard accounts have a minimum spread of 0.35 pips and allow for the trading of as little as 0.01 lots. Both the Pro account and the Islamic account have minimum spreads of 0.28 pips, yet whilst the Islamic account allows for as small orders as the Standard account, Pro account trades are limited to 0.1 lots. Each of these account types has a minimum deposit of $250.
Finally, our review of XTB found that traders can also sign up for a demo account. This allows you to practice trading without risking any real money, and it is advisable if you are starting out.
XTB trading costs
There is a handful of costs involved in trading with XTB. While our XTB review team does believe that this is a highly trusted Forex broker, you should think your way through the pay scheme before opening an account. This is because the broker offers multiple schemes for trading costs.
For example, the Standard account offers a no commission payment scheme for Forex, indices, and commodities trading, as the broker is paid via the spread. With CFD trading markets, however, the commission is as little as 0.08% per lot. There is no commission charged for cryptocurrencies, as it is also included in the spread.
Pro accounts offer commission from $4.00 per lot in Forex, indices, and commodities trades. Commission for stock CFD and ETF CFD markets are also 0.08% per lot. Crypto charges no extra spread, but simply a $4.00 commission.
Islamic accounts charge from $10.00 commission per lot in the Forex, indices, and commodities markets, and also a $10.00 commission in stock CFD and ETF CFD markets. Obviously, Islamic accounts don’t offer crypto, so that’s not a concern.
XTB does not trade any inactivity fees, nor do they charge monthly fees for maintaining an account. Traders may, however, incur some fees depending on which way they choose to fund their accounts.
All credit, debit card, and bank transfer deposits are completely free, whilst Skrill and Paysafe deposits will incur a 1.5% charge. If you opt to use Safety Pay, you will be charged at 2%. Withdrawals under $100 will also be subject to a $30 fee.
XTB payment methods
At XTB, our reviewers found that you can fund your account in several different ways. This makes depositing and withdrawing quick and convenient, wherever you may be.
Transactions at XTB can be made via wire transfers, credit cards, debit cards, and various different e-wallet services, depending on which country you are trading from. For instance, UK clients can trade with PayPal.
You can deposit at XTB in USD, GBP or EUR. All deposits are processed instantly, whilst withdrawals are processed on the same if made before 1 PM, or on the next working day if requested later. It’s also worth noting that, for your safety, all deposits and withdrawals must be with banking accounts registered to your full name.
XTB trading bonuses
XTB does not offer much in the way of a deposit bonus, although our review of XTB found there is the opportunity for rebates for those who trade high-volume. This scheme is only available to traders from certain countries but if you do plan on trading frequently and are looking for some type of bonus, this could be the ideal broker choice.
Easy to use website and platforms
The XTB website is very easy to navigate. The front page leads you into a major listing of the most common financial assets that are offered, and you are shown the spread right away, and of course the daily change. Everything is very intuitive, and the information that you will need is found rather quickly.
Registration at XTB is also straightforward. You can complete the process in around 15 minutes, after supplying the broker with a few pieces of information about your income, net worth, trading knowledge, and experience. You’ll also send in two verifying documents, such as a passport or a utility bill.
Our XTB review team noted that this is one of the most convenient, yet thorough, registration processes they have encountered from any broker.
XTB trading platforms
XTB clients can use MetaTrader4, xStation 4 and xStation 5 to make trades. All three of these are considered to be some of the best Forex trading platform available in the industry.
Whilst most clients will already be familiar with MetaTrader, our XTB review team found that xStation 5 is a great alternative. xStation 5 is XTB’s proprietary platform, which is web-based and very user-friendly. It is fully customizable, quick to execute trades, and offers over 40 trading indicators.
Our reviewers found that XTB performed perfectly across all mobile devices, including both iOS and Android smartphones. You can find all the information you need with ease, register with the broker and access a wide range of tools and educational materials.
When it comes to trading on the go, you can choose between using MetaTrader 4, or xStation. Both platforms have their own apps, yet not all instruments are available on mobile if you decide to use MetaTrader.
For this reason, we’d recommend downloading the xStation 5 app. It has a simple, mobile-optimized design, and comes with all the same features as the desktop version. This includes transparent charts, market analysis, and a built-in trading calculator. You can also allow the app to send you push notification so that you never miss breaking news again.
Education and training
XTB offers plenty of educational opportunities, suitable for all types of traders. Our XTB review team noted that the Trading Academy is separated into four different categories based around experience level: Basic, Intermediate, Expert and Premium. This means you can simply select your level and start learning.
Each category has various different levels, and we found that there’s plenty of interesting content even for very experienced traders. You can also search through the levels by subject, which helps you to locate a specific topic easily.
This is a perfect place to try out demo account trading, learning how to implement new strategies or just to simply see how the market works if you have no experience.
As an XTB trader, you can also attend regular Trading Masterclasses. These are webinar events hosted by industry experts. You can check the full schedule of events on the broker website or watch them at a later date on YouTube.
It’s clear XTB are committed to developing their traders and making sure everyone gets the most out of their experience with the broker.
XTB customer support
XTB does not scrimp when it comes to customer support. In addition to contacting the broker via email and live chat, you can also contact the broker via telephone. All contact numbers are localized, meaning you don’t need to fork out for international call rates, and support is multilingual too.
All support services are available 24 hours a day, from Monday to Friday. Our review team found the staff to be well-informed about both XTB’s services and trading in general.
XTB – Our verdict
XTB is a well-known and highly trusted Forex broker and, after our review, we can see why. Our team of experts felt that the broker’s great reputation is well-deserved, as they offer a polished and professional trading experience.
In our opinion, the biggest benefit of trading with XTB is that there are over 1,500 available markets. This not only makes the broker suitable for all types of traders, but it means you can take advantage of every trading opportunity from one platform. There’s no switching brokers, no mitigating risk via hedging, and no transferring money from one account to another
With global markets moving as fast as they do, you need an all-in-one broker you can trust. XTB is the perfect example of this, which is why we recommend that you sign up now.
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!