Are you looking for a reliable review to understand if xtb is the right broker for you? Well, in this post you will find everything you need to know!
Let’s start!
About xtb!
XTB Group is a brokerage company present on the market since 2004 with headquarters located in Poland, with which you can trade over 1500 CFD instruments including Forex, stocks, ETFs, indices, commodities, cryptocurrencies
Unlike other brokerage companies, no initial minimum deposit is required while funds, in the event of insolvency, are safeguarded by local clearing authorities such as the UK Financial Services Compensation System, the Cyprus Investor Compensation Fund and the national securities deposit in Poland.
XTB has gained great popularity thanks to its innovative trading platform and to the professionalism and courtesy shown by the customer support service, XTB Group boasts many years of experience and is known and accessible all over the world.
It has offices located in 13 countries and is regulated by KNF, FCA, BaFin.
In this post I will analyze the main aspects to be considered before choosing an online broker by giving you my opinions on XTB to understand if it is a really reliable broker, how it works and if it represents the right choice for you.
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Trading platforms
On XTB you will find 2 trading platforms: the xStation5 and the MetaTrader 4. The first is the proprietary platform managed by the broker, while the second is the most used and known platform in the world by millions of traders.
xStation 5
The xStation 5 is the platform created by XTB, you can have it in web based, desktop and mobile versions (smartphones and tablets), today it represents one of the platforms belonging to a more advanced and complete broker, particularly useful in case you carry out scalping activities.
Its interface is really simple and easy to use, in fact despite having all the most advanced features, it is at the same time understandable and immediate even for beginners.
The instruments are listed on the left, at the bottom you will find a summary of the orders placed, open and historical trades, plus the total account balance and margins, while the central window shows the market graphs with prices and trends in real time.
The platform is very versatile and customizable, so you can change the arrangement of the elements and work areas according to your working method and tastes.
Also in the central part, through its Tab, it is possible to view market news, economic calendar, statistics and market analysis, all useful information for traders who deal with news trading.
You can also do one click trading, or open a new position simply by selecting the desired asset in the list, deciding the quantity and selecting the “SELL” or “BUY” options.
Or, you can open a position directly from the chart, or in the classic way, by selecting the asset and opening the detail window, where we can select the type of order, the quantity, take profit, stop loss and trailing stop.
Two interesting functions are, the window on the market sentiment, which shows how other XTB customers are positioned on the market, and the stock screener, a filter that allows you to analyze and choose new investment opportunities in the most appropriate moments.
You can view the graphs in the classic candle, line, HLC, Heikin ashi, OHLC modes, you can trace trend lines and alerts, and various indicators are included such as Pivot, SMA, ESMA, MACD, SAR, RSI, Fibonacci, etc.
From an operational and functional point of view, the xStation is among the most structured and complete private platforms I have ever seen, winner of numerous awards and recognized by professionals as one of the most efficient and fastest, with an average execution of only 85 milliseconds.
Regardless of your style or personal experience, the xStation is a super platform that offers great satisfactions to both beginners and expert traders.
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
MetaTrader 4
MT4 is among the most used and known platforms in the world. In addition to the efficient analysis tools already integrated, on XTB you will find MT4 in the desktop and mobile versions with some improved features.
Among the most important functions of this platform are the tools for identifying patterns, expert advisors for automated trading operations and the strategy tester, a very useful function which allows you to test a strategy in advance (backtesting) and examine its performance in various market scenarios.
One of the unique features that have made MT4 so popular among traders is the vast possibility of customization, which makes the platform one of the best choices for demanding traders who want to have full control over all the instruments.
Accounts Types (leverage and spread)
On XTB you will find 2 types of accounts: Standard and Pro, neither of them requires the minimum deposit or account opening or management costs.
Standard
The Standard account offers variable spreads starting from 0.00008 pips, maximum leverage 1:30 (the broker has adhered to ESMA regulations if you trade in Europe), market execution and a minimum tradable size of 0.01 lots, the possibility of trading automatic and a commission of 0.08% per lot on CFD and CFD shares on ETFs. The Standard account is the best choice for most small traders and for those who trade without commissions.
Pro
The Pro account is the STP account (straight through process) with direct access to the market designed for those who work on large volumes and high number of trades, offers market spreads starting from 0.00001 pips and a commission on trading of 3.50 EUR per lot ( opening and closing), possibility of automatic trading, minimum size of 0.01 lots and a commission of 0.08% per lot on CFD shares and CFDs on ETFs.
Holders of both types of accounts will have access to training, dedicated account managers and support.
The maximum leverage is 1:30, with variable or fixed spreads depending on the type of account. All spreads are continuously updated and can be consulted on the platform and on the XTB website.
Margin call – margin requirements
The margin call policy applied by XTB implies that the accounts will automatically generate an integration request in the event that the customer is unable to maintain the required minimum margin requirements.
XTB operates with a limit margin level of 50% on each individual position. When the margin level indicator falls below 50%, the loss trades will be closed automatically.
If you want to avoid closing one or more positions following the margin call, you will need to check that the margin level is higher than 50% and, if it is lower, make a deposit to restore the level.
In case the trader does not make the deposit, XTB reserves the right to automatically close the positions with the highest losses, to protect the trader by avoiding suffering greater losses.
Payments, withdrawals and commissions
Deposits and withdrawals can be made by credit card, bank transfer, and eWallet (Neteller, Paypal, Skrill, PayU).
XTB does not charge commissions on deposits but I advise you that payments made by credit card or bank transfer may be subject to commissions from the bank or the company that manages the credit card.
Withdrawals can be made independently directly from the Customer Area. For amounts less than € 100 there is a commission of € 10.
Training and demo account
On XTB you can test both platforms and practice with a 100,000 euro demo account in virtual money, always active and without restrictions.
You will also find a super detailed section dedicated to training that covers topics of all kinds, from the principles of trading, to technical and fundamental analysis and money management.
You will be able to take advantage of lessons (video and text), and in addition, you will be able to take part regularly in online webinars and live meetings with practical topics of high interest such as strategies, analyzes and trends, meeting professional investors and traders.
The training package is one of the most complete on the market, and places XTB at the top of the best online brokers.
Customer service and support
On XTB you will find telephone, email and chat support in over 10 languages.
Regulation, reliability and safety
XTB is a CySEC regulated broker with license 169/12. The main company, X-Trade Brokers Dom Maklerski S.A is listed on the Warsaw stock exchange and regulated by the Polish supervisory authority KNF (Komisja Nadzoru Finansowego) with license DDM-M-4021-57-1 / 2005.
As required by law, the broker keeps client funds in separate accounts from those of the company, to ensure a higher level of security. In addition, XTB adheres to the compensation fund (ICF) which insures retail (private) customers up to a maximum of € 20,000 in the event of broker insolvency.
XTB conclusions
For all the reasons listed above, XTB is certainly among the best brokers ever online.
You will find advanced trading tools, efficient platforms and competitive conditions, as well as enjoying an excellent reputation, so much so as to be considered one of the most respected and reliable brokers in business today.
My analysis therefore confirms the high reliability of XTB, a safe broker with high operating standards, particularly recommended for investors of all levels.
So whether you are a beginner or a trader, XTB is a widely structured broker capable of satisfying practically all your trading styles, investment needs and operational habits.
Visit Xtb HERE
In case you have specific requests, do not hesitate to contact me at acetrader@forex-expert.net . I will personally replay asap!
To your success
Forex Expert
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!