XTB Review 2022 Expert Review

15 Jun XTB Review 2022 Expert Review

With over 15 years of activity in the financial markets, XTB Group has gained over 495,000 customers. As a global, 5 star rated broker, our client’s satisfaction is in the center of our focus. However, considering a well-planned process can help you get through all the challenges of online trading with automated software.

As an example, I will compare XTB’s commissions with some of its alternatives to give you an idea of how much it will cost you to trade with them. I have to say that I would like to see a 2-step authentication system that would allow you to confirm access to the XTB platform with a code sent to your phone (e.g. by SMS or in the app). It has a news feed so you can keep up to date with information about your investments. You can apply filters to this feed to adjust the results to what you’re interested in. Let me give you my opinions of XTB in this review and tell you when it’s appropriate to use it, so you can find out if it’s a good solution to manage your investments.

What Assets Can You Not Find On XTB?

MT4 offers “expert advisors,” back-testing, and auto-trading for the more technologically advanced trader. Overall, XTB Online Trading is best suited for cost conscious clients wishing to engage in trading the retail foreign exchange markets. This is the company’s flagship offering and provides an updated look and feel, one-click trading, and full integration across desktop and mobile platforms that should serve traders well. Entering trades, building watchlists and modifying charts all seem simple and intuitive. FAQs and educational resources can also be launched from within the trading application. Traders receive notifications directly on the platform or mobile application.

The “courses” are divided into four categories—basic, intermediate, expert, and premium—though users can only access the first two through the website. “Premium” courses can be accessed free of charge on the xStation 5 platform, but one saxo markets review will have to sign up for an account (demo / live). In this day and age, an online broker that does not place a high priority on addressing the needs of its customer in an efficient and satisfactory manner may be doomed to failure.

It is one of the largest stock exchange-listed brokers in the world. XTB is a wonderful broker platform that lets you learn about trading with detailed courses. Under the Trading Academy section, the users can get access to a wide range of course material including trading courses, video tutorials, articles, and much more. All this content is curated to enhance the user’s skills across their trading journey. You can browse the lessons into two categories, i.e., by level or by subject.

Trading fees on XTB are those costs incurred from one’s funds when buying and selling an underlying stock or share. For example, the trading platform has to pay a broker to place trades on the stock market and it may have to pay stamp duty tax on certain types of investments. Experienced thinkmarkets review traders aren’t left out either, with 9 individual cryptocurrencies and 16 pairs, there’s plenty on offer from this trading platform. The benefits of the pro account rebates for active users should also help to attract even the most professional traders as well as the newbies.

What kind of broker is XTB?

Although XTB has no banking license, it is listed on the stock exchange. It is regulated by several top-tier financial authorities including Financial Conduct Authority, KNF, and the international financial services commission. Polish CFD broker XTB provides access to a variety of markets including forex, shares, indices, commodities and cryptocurrencies. This broker has been widely recognized for the quality of its platform and services. Markets change quickly, and you need to be able to execute an order instantly. Before using XTB, think about how easy it is to use for your personal needs.

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. The platform is very clean, seems, at first sight, very ergonomic, and gives all the information necessary for a trader like me, but I didn’t feel like I was going up to aboard a SpaceX ship.

In my opinion, you have to be ready to rodeo with your wallet if you play cryptos with a leverage of 2. If you don’t have time to read everything, I can tell you that XTB is one of the excellent brokers. Once your order is placed, you can track the status of your assets under ‘Open positions’.

Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share. A XTB stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

When you trade with XTB, you will incur fees on each transaction. The amount of the fee will depend on the type of account that you have and the size of your order. XTB also has a trading platform for the Desktop as well, which has the same functionalities as the WEB variation. You can install it on devices with Microsoft Windows and Mac computer systems. They also have a wide range of trading educational videos on their website.

Does the XTB platform offer real-time updates or delayed updates that are more informed? Is it a sharing platform that can provide details on specific stocks? Remember to check if XTB is listed on the stock exchange, is regulated, and what login options it has.

Trades are executed automatically without any manual intervention from any dealing desk. XStation also allows users the convenience of trading directly from the chart. Traders can set up a list of their favorite instruments and follow live quotes in a panel called Market Watch. Spreads at XTB are variable, meaning that they fluctuate slightly. The size of the spread depends on the level of liquidity in the market. Liquidity describes the extent to which an instrument can be bought and sold quickly and without moving the market.

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We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.

Furthermore, the XTB group is licensed through its numerous subsidies with the FCA, KNF, CMB, FSCA and IFSC. Last but not least, the company was established in 2002, and by their record it shows that they served over 389,000 customers. 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.

Professional traders are also charged a €3.50 transaction fee when opening and closing a cryptocurrency CFD trade. XTB now offers trading services worldwide in well over 100+ countries . These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice. XTB gives you access to multiple research tools that help you with news flow, or trading ideas, etc. These tools are available in multiple languages including Arabic and Chinese.

All the transactions made by users on XTB are protected with SSL encryption to provide better security. XTB stores the customers’ funds in segregated client bank accounts in accordance with FCA. Moreover, customers’ funds are protected by the Financial Services Compensation Scheme for up to 85,000GBP per person in the unlikely event of the company’s insolvency.

XTB offers the lowest FX spreads in the industry

Withdrawals are typically processed the same day if requested before 1PM. Meanwhile, withdrawals can only be done via bank wire transfer. Withdrawals by bank wire are free for transfers above $100.

As you follow the instructions below on our XTB review UK, you will be guided through the process of registering an account with this platform. You will also be able to place your first trade as soon as you have signed up. In addition to its headquarters in Poland, XTB has a presence in many countries worldwide. Therefore, several different authorities closely regulate XTB. The UK’s own Financial Conduct Authority and the Cyprus Securities and Exchange Commission are among them.

With this, the users can trade 1500+ instruments including Energies, ETFs, Forex, Commodities, Indices, Shares/Stocks, Precious Metals via xStation, MetaTrader 4 trading platform. Islamic Accounts don’t support crypto trading and are Swap Free. The offering is based on tight spreads from 0.3 pips on market level execution along with bonuses for the active trader. However, be sure you check a correct proposal, since FCA regulated trading conditions and international proposals vary. 77% of retail investor accounts lose money when trading CFDs with this provider. And when it comes to pricing, their spreads are very competitive in the forex broker industry.

Unsure if this broker is for you?

But that’s something that should never concern you if you’re a fairly active trader. Fortunately, XTB Online Trading doesn’t charge any fees for depositing funds. XTB Online Trading is regulated in the United Kingdom and Poland and is registered with the FCA (Financial Conduct Authority – the regulator of the UK markets) and KNF . So, when it comes to authority, the XTB broker checks all the boxes.

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.

Tradable Instruments

This refers to the different types of markets you can trade with through XTB. Sometimes called securities, they range from commodity futures to stocks and CFDs, to currencies and metals, and more. The user interface is the point at which human users interact with the XTB trading platform. The goal of effective UI is to make the user’s experience easy and intuitive, requiring minimum effort on the user’s part to receive maximum desired outcome. The UI design of the XTB application improves user experience and customer satisfaction, ultimately helping increase the number of users of the XTB application. A XTB iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Active traders, and those who qualify as professionals, can benefit from a rebate between 10-30% when a certain trading volume is reached. With the broker, you will be able to trade more than 1,500 CFDs on stock market indices covering markets in the UK, US, and Europe. There are very few brokers in the UK that are able to offer you the wide range of stocks you can access from 17 different countries. Trading CFDs on stocks can be done with leverage up to 5.1 when used with stock CFDs. XTB is a trading platform that is duly registered and regulated by several countries (including Cyprus, UK, Spain, Germany, Uruguay, etc.). Its platform is very flexible, full-featured for investors/traders , and its commissions are generally adjusted.

There is also help under the point “training” to the large offer. Video tutorials are provided to show trading on the platform. Technical analysis is a tool for long-term market success for most traders.

This allows you to increase your accuracy in predicting the market’s behavior. Furthermore, you can also use the software to determine which asset classes are gaining or losing the most. In addition, there is a tab dedicated to market analysis, which offers options to filter stock scanners, and heat maps. In terms of XTB’s analytical tool offerings, this is by far the most impressive feature. There is a great deal of data in each section, which can add value for traders if presented in an appealing, actionable, and at the very least interesting manner.

√ The total value of your investment portfolio including cash deposit and financial assets should exceed €500,000. It gives you all the details of your trade, pip value, spread value, margin and protected position calculator stocks profit and loss. XTB offers their own trading platform xStation 5 along with MetaTrader 4. XBT makes EFT trading very easy with their modern cutting edge xStation5 and xStation Mobile platform.

Thus, it can be considered safe for both beginners and experienced investors . Moreover, XTB has a long track record with multiple user testimonials. It provides transparent financial statements accessible to the users. Scalping is a unique trading strategy often followed by traders. It is useful for clients who seek to benefit from small movements in market prices over an extremely short period. It includes opening multiple trades and closing them with little profits.