XTB

With over 15 years of experience in the financial markets, XTB is easily one of the largest listed Forex and CFD brokers around the world. The broker is known for providing millions of retail traders instant access to hundreds of markets while guaranteeing the highest safety and security standards. Being established in the United Kingdom, the Forex broker has grown to become a leader around the world. It has official representation in over 13 countries around the world, including Poland, Germany, France, and Chile among others.

The Forex broker is regulated in several different jurisdictions by leading regulatory agencies. This includes the FCA of the UK, CySEC of Cyprus, KNF of Poland, and IFSC of Belize. Thanks to these licenses, XTB is able to provide services to millions of traders around the world. They offer traders access to hundreds of trading markets and allowed traders to enjoy a 24/7 multi-lingual customer support team.In today’s review of XTB, we are going to discuss all the important factors that traders should know about this brokerage. So, follow our detailed review and find out exactly what you should know about this broker.

XTB Summary

Safety & Security

Everyone can agree that safety and security is the most important concern for Forex traders. When trading Forex, it is very important for traders to ensure the safety of their investments in the market.There are different things that can guarantee the safety and security of traders. The first and probably the most important factor that can enhance the safety of your funds is to only trade with regulated Forex brokers.

XTB is one of the Forex brokers that is regulated by several agencies around the world. This guarantees the highest safety and security for the clients of the broker. Because there are so many regulatory agencies that have licensed XTB, it is able to ensure that traders’ funds’ are kept safe at all times.

Among the regulatory bodies that have licensed XTB are the agencies such as

• Financial Conduct Authority of the UK, FCA;
• Cyprus Securities and Exchange Commission, CySEC;
• Belize International Financial Services Commission, IFSC;
• Polish Securities and Exchange Commission, KRWiG;
• Dubai Financial Services Authority, DFSA;
• Dubai International Financial Center, DIFC;
• Financial Sector Conduct Authority of South Africa, FSCA.

Policies

Because the broker is regulated by so many authorities, it must adhere to a variety of standards in order to maintain the highest level of client protection. These policies are designed to ensure that traders’ individual rights are protected at all times.Negative balance protection is one of the policies followed by XTB. The goal of this policy is to keep traders from losing more money than they can afford. Traders that use leverage may lose a significant amount of money at times. Traders should not forget the nature of Forex leverage – while it can help traders enhance their profits, it can also increase the chances of losing more money.

When you utilize negative balance protection, the broker automatically closes your positions when your account balance approaches zero. As a result, you will never lose more money than you have available on your account, ensuring that your balance will never fall below zero and go into negative territory which can be very dangerous for traders.

Trading Assets

There are over 4,000 assets available for the clients of XTB. This means that the clients of the broker can easily find something that they are looking for. XTB is an excellent broker for those who wish to trade multiple assets from a single account. You can trade Forex, cryptos, indices, stocks, commodities, and more with this broker.Trading on XTB is usually done through CFDs, or Contracts for Differences, which are very useful instruments for traders who wish to make money without having to invest directly in different assets.

CFDs allow traders to basically speculate on market price fluctuations. For example, let’s say that you have decided to trade with crypto CFDs, it means that you won’t have to worry about where to store your digital tokens.

Forex trading

Forex trading is the world’s largest financial market by far. According to some estimates, the Forex trading market’s average daily turnover is around $6 trillion. This is not surprising, given there are always people in different regions of the world who need different currencies and have to exchange them. This means that there is always some kind of demand for currencies around the world, which makes it the most liquid market globally.

Trading Forex on XTB can be a great option for traders around the world. The Forex broker offers clients access to over 48 currency pairs, which include major, minor, and exotic currency pairs. This Forex broker has worked with the largest and best-known banks to provide traders with the industry’s most competitive spreads and highest liquidity possible.

Stock trading

Over 2100 shares of top corporations are accessible for trading on XTB. Here you can trade stocks using CFDs. The broker’s clients have access to shares from all around the world, including Australia, the United States, the United Kingdom, Germany, and many more.

Clients can also trade outside of business hours allowing traders to potentially make a profit from both pre-market and after-hours prices. XTB clients can trade stocks with a leverage of up to 1:20.

At XTB, commissions on stock CFD trading are extremely low, allowing traders to make the most out of their investments.

Indices trading

Indices are one of the many assets that can be traded on XTB. There are many traders who like to trade indices, especially those who like to get exposure to larger markets with just one investment. When you trade an index, you have the opportunity to gain exposure to the whole market.

Indices combine various types of equities into a single asset, allowing traders to make more diverse and safer trades. The indices are comprised of several stocks. For example, some indices are made up of equities representing specific countries, while others are made up of companies representing specific sectors of the economy.

Cryptocurrency trading

Cryptocurrencies have become one of the most popular assets in the world over the last several years. Today, you can trade cryptocurrencies in a variety of methods, but CFDs have become increasingly popular.Cryptocurrencies can be traded 24 hours a day 7 days a week and XTB allows traders to invest in over 10 cryptocurrencies, for example, BTC, ETH, DOGE, and many others. The trading costs for cryptocurrencies are very low at XTB, starting at just 0.22 percent.

Commodities trading

Commodities have long played a huge role in people’s lives throughout history. They have actually been traded for much longer than any other instrument. Clients of XTB can access both soft and hard commodities through its trading platform. Hard commodities are those that should be mined, whereas soft commodities are those that are produced as a byproduct of agricultural activities.

Gold, silver, platinum, crude oil, cocoa, wheat, and many other commodities are available for trading on XTB. The leverage for commodities can go up to 1:500, however, keep in mind that there are some leverage restrictions depending on your location.

Account Types

XTB offers a variety of account options. These accounts were developed to ensure that traders of all types could find something that would fit their individual needs the best.

While there are some Forex brokers available in the market that offer a more diverse array of account types, the ones offered by this broker should be enough for individual traders to make the most out of the Forex trading market as well.

 Demo Account

If you are a complete novice in the Forex trading market and have little to no trading experience, you should begin your journey with XTB by using the demo account. XTB’s demo account can be opened in a matter of minutes and without difficulty.You will be able to access the Forex trading market, but only in a demo version, and only once you have created a demo account. This means that you will be trading with virtual money rather than your own real-life funds. Traders can use this virtual money to experiment with various trading techniques and styles to see which one works best for them.

Contrary to popular belief, a demo account is not just for newcomers as it may be quite beneficial to experienced traders as well. This is due to a number of factors. First and foremost, traders of all levels of experience can use a demo account to better understand the broker’s products.Furthermore, experienced traders can use demo accounts to test new trading ideas and tactics and evaluate how they would perform in the market without risking their own money.Traders can utilize the XTB demo account for as long as they like. If you run out of virtual money, you may always request more from the broker.

Standard Account

The Standard account of XTB is called standard for a reason – it offers services that can fit the interests of most different types of traders. Standard account holders have access to all available trading assets, including Forex, commodities, indices, cryptos, stock CFDs, ETFs, and more. The spreads on this account start at 0.5, and the leverage can go up to 1:500, depending on local regulations in your country. Traders have access to MT4 and xStation platforms with this account. Setting up the account is completely free.

Those who open this account have the opportunity to trade using micro-lots, which makes it a perfect fit for beginner traders. If you have just started trading currency pairs and you have recently finished using the demo account, it might be a great idea to move on to using the micro lot version of the standard account. This way, you will be able to get used to the feeling of trading with real-life funds.

Pro Account

Are you one of the traders with years of experience in the market? Are the offerings of the standard account not enough for your needs? Don’t worry about it, there is a special offer awaiting you on XTB.

With this account type, traders will be able to enjoy super-low spreads, which start from as low as 0.1 pips. You will also be able to trade using micro lots and you will have access to the xStation and MetaTrader 4 platforms.

Islamic Account

For traders who follow the Quran’s teachings and want to trade Forex without going against their religious beliefs, the XTB Islamic account can be a perfect solution. Participating in activities that entail dealing with interest rates is forbidden under Sharia law, according to the Quran.

When trading Forex, you must pay swaps if you open a position and leave it open overnight. However, you won’t have to deal with these interest rates when you use this type of account. It’s also known as a swap-free account because users don’t have to worry about paying swaps when keeping positions open overnight.

Fees & Commissions

The fees charged by XTB are quite reasonable. Their products are centered on market-level execution with tight spreads starting at 0.1 pips. The Forex broker also offers special bonuses and lower fees for active traders. XTB accounts have nearly identical features and benefits, with the exception of swap rates and spread levels, which vary between 0.35 and 0.28 pips for Standard and Pro accounts, respectively, with Pro account expenses payable as a commission of $3.50 per lot.

When it comes to the average costs charged by XTB, it can be said that everything is pretty much average for the general market. The fees are fairly competitive and inexpensive. In addition, both the Pro and Standard accounts provide favorable trading conditions for stock CFDs.

Trading Platforms

You will spend the majority of your time on the trading platform whether trading Forex or any other asset. The reason is, trading platforms are where all of the trade takes place, but more than that, modern trading platforms provide traders with the ability to evaluate price changes using many indicators and tools.Among the trading platforms available on XTB you can find MetaTrader 4, which is the most popular trading platform around the world. It was released in 2005 by a Russian company called MetaQuotes and it has forever changed the way people view the Forex trading market.

MetaTrader 4 is able to provide traders with the opportunity to analyze the price movements in the market in a detailed manner and make predictions about future price movements easily.

Education and Research Tools

When trading Forex, you should be focused on your knowledge and understanding of the market as much as you can. There are different ways to learn more about how Forex trading works, and thankfully, you can also use the services of XTB to learn more about trading. There are numerous educational opportunities available on XTB, which allows traders to learn more about the Forex trading market and become more successful. This played a huge role in our XTB rating.

The clients of the broker can take advantage of numerous different types of educational guides and detailed analytical articles.

Customer Support

The customer support team of XTB is always ready to provide clients with high-quality and effective support. If you wish to contact customer support representatives, you can choose one of several available methods.

When you click the live chat option on the website of the broker, you are first offered the FAQ section, which is full of the most asked questions that might be able to answer your question. Then there is the live chat, which is very responsive and will give you answers to your questions in less than 3 minutes.