XTB.com Review

With over fourteen years since its establishment, XTB has proven to be a leader in forex trading judging by its slow but sure pace in the sector and industry in general. It is headquartered in the United Kingdom, a major economic hub worldwide. This means it has the right market niche and also the required experience to help you navigate the forex market.

Trading Accounts

XTB offers its clients two trading accounts according to their respective needs and preferences. These two accounts are the XTB standard account and the XTB pro account.

The XTB Standard Account

Suitable for beginners to the forex platform. It has instruments available in forex, commodities, indices, cryptos, shares, and ETFs. It also comes with a maximum leverage of 1:200 and a minimum spread of 0.35, 0.9 and 1.6. Account opening is free and no commission is charged on forex, indices, and commodities. However, a 0.08 commission per lot is incurred on equity CFDs and ETFs.

The XTB Pro Account

A market type execution just like the standard account. It has instruments available in indices, shares, cryptos, shares and also in ETFs. It has a maximum leverage of 1:200 and a minimum spread of 0.28. It also has negative balance protection and automated trading just like the standard account. Account opening is free but a commission is charged at $4 per lot on forex, indices, and commodities, 0.08 per lot on equity CFDs and ETFs and a commission of 4% on cryptocurrencies.

The Company. Security Of Funds

XTB has a reliable presence in many parts of the world not limited to Belize, Germany, Spain, the United Kingdom, and France among many other states. Due to this it has been regulated, licensed and given the go through by the major forex regulatory bodies in the world. These regulatory bodies include the international financial services commission, the financial conduct authority, capital markets banc, CNMV, and KNF. This goes a long way in showing you the level of integrity upheld by XTB traders.

XTB also maintains a good relationship with its customers as seen by the five-star rating as well as customer comments https://screenshots.firefox.com/Qgf1bRw2MfDGb6br/topbrokers.com. this is from many satisfied clients that have had a chance to deal with them. This is on the basis of an awesome customer care service and a very interact able operation regime.

Clients' funds being among the biggest assets owned by XTB's clients, it has gone to great lengths to ensure that the funds are kept safe to a relative zero risk factor. This is by creating a separate client account for their funds and distinguishing it from their own personal account. This prevents hitch-ups as well as providing a fall back mechanism in case of any shortcomings.

Trading Conditions

XTB has favourable trading conditions that guarantee customer satisfaction. Among these conditions are:

Leverage

The leverage offered by XTB is very favourable and allows you to trade in larger amounts which may be greater than your initial deposit. This leverage will be normally expressed in ration form. In XTB, the leverage is 1:200

Minimum Deposit

XTB has a minimum deposit value of $250. This is a good value in investing as it is a good start up amount as well as a good shield should a risk arise in your trading endeavours.

Commissions

A certain rate of commission is charged on trading with various entities such as cryptos, equity cdfs, and EFTs. However, the commission incurred is not applicable to cash stocks. The values of the commission incurred vary from the trading accounts which are either pro or standard.

Spreads

The spreads are also lucrative starting at 0,1 spreads per the United States dollar or great Britain pound unit.

Trading Platforms

While using XTB's services in trading, you will be offered two platforms to help you in gaining the best experience. These platforms are either xStation 5 or MT4.

xStation 5 trading platform

A smart and simple platform that enables you to capture and integrate your trading on a whole new professional level. The platform is easily customizable and promotes the addition of features that makes it easy even for use by mobile phone devices. Among its perks are:

1. Easy to use.
2. It is customizable hence possessing a versatility feature.
3. Superb execution speeds.
4. Advanced technical analysis feature.
5. Advanced charting and also bulk order closing.

Mt4 Trading Platform

Meta trader platform that is also known as mt4 is an online forex trading software that allows for the charting and advanced analysis in the performance and standing of forex entities such as stocks. It can be downloaded right from its parent site to help you in the execution of your trading duties. Among the benefits of using the mt4 platform are:

1. Easy to use.
2. A great financial analysis tool for various instruments such as cryptos, commodities, and indices among many other instruments.
3. Strategy testing tool.
4. Optimizes your technical trading.

Promotions

Free training lessons for an interested client who wants to know more about forex trading.

Cashback on every trade you make, a guarantee by XTB traders to both new and existing clients.

Get up to 600 in Great Britain pound on referring a friend or an associate to XTB traders.

25 pounds no deposit bonus that is dependent on the unit of currency. This is, however, not applicable to countries such as India, Indonesia, and Pakistan among other countries.

Deposits And Withdrawal Methods

In depositing funds to XTB, you will first login to the client's office, go to deposits then choose your preferred payment method.

XTB accepts a host of different payment methods and some may incur additional charge whereas some are free. In bank transfer, the pound, euro and dollar are the accepted modes of payment and they incur no fee. This is the same while using credit cards from Visa MasterCard and Maestro.

While using e-wallets such as PayPal, a fee of 2% of your deposit will be charged.

To withdraw funds, select the trading account that you want to withdraw money from and then select its destination after selecting the desired amount.

BRIEFLY ABOUT XTB

The features of this forex broker make it one of the best in FX trading. With its regulations and licensing in check, it guarantees customer satisfaction. Its presence in many countries is also commendable as well as its versatility. You can visit XTB customer reviews and comments to get a glimpse of what people think about the brokerage company.