This XTB review will uncover one of the oldest forex brokers on the market. Also known as X-Trade Brokers, XTB has been headquartered in Poland, while now this XTB review has shown the move of the operations to the UK. Great Platform, amazing spreads and professional service – keep on reading XTB Review.
Leverage: 1:200 Licences: FCA
Min. Deposit: 1 USD Bonus: N/A
Spreads: from 0 pips US Clients: No
XTB is not recommended! Sign up with XM instead!
XTB Forex Broker at a Glance
XTB is one of the most important brokers in Europe and it has offices in 10 countries. Their main office is located in London and they are regulated by the FCA. With regard to Forex and CFD trading they are considered one of the best, having built their reputation over time.
XTB Forex Trading Broker Accounts Overview
At XTB there are three types of accounts. The Basic account has a fixed spread and no commission. The Standard account has a floating spread, also no commission and has the big advantage of instant confirmation of the transaction. The Pro account has a commission. All three accounts offer a maximum leverage of 1:200 and there is no minimum deposit for any of them.
The Basic account has a fixed spread and no commission. The Standard account has a floating spread, also no commission and has the big advantage of instant confirmation of the transaction. The Pro account has a commission.
X-Trade Brokers provides an extensive range of trading instruments including Forex, Indices, Commodities, Equities, CFD’s, EFT’s and more.
XTB Reviews of Trading Platforms
The first thing that is noticeable is that XTB has its own platform, meaning they are confident enough to come up with a new platform to stand beside the other established ones. This gives it a vote of confidence. This in-house platform has enhanced responsiveness. It offers a lot of features such as Markets Squawk that provides a news feed to traders and the fact that market orders can be placed directly from charts.
A lot of technical indicators are available, such as Fibonacci, Chart Overlay and more. The settings are saved on their central server and can be accessed by a trader from any computer. Users who prefer mobile trading are also taken care of. The advanced trading calculator shows exactly how much a trader can gain in the event that the price moves by a specified amount.
The MetaTrader 4 trading platform is also available and has an advanced charting package and about thirty technical indicators. The functionality of placing orders directly from charts is also available for MetaTrader4.
Expert Advisors are available and are designed to analyze market data and produce trading signals. These can be customized with the programming language of MetaTrader4, called MQL4. The fact that XTB went so far as to let traders customize their EA shows the effort XTB has place in winning traders over their side.
Yet another feature xAPI, an on request scheme using JSON format which allows traders to code in any language they prefer. Support materials are provided in order to help traders who want this degree of customisation.
XTB Review of Bonus Features
The learning section consists of a series of webinars and articles. The webinars are numerous, free to watch and they present a lot of different concepts in a professional manner. The articles are also of a great variety and cover both chart patterns as well as psychology.
Also, currently you can get 10% Bonus from XTB upon applying for an account.
XTB Customer Support
X-Trade Brokers.com offers 24-hour customer support via email and phone lines to each of their core hubs. The website is accessible in English, Chinese and Spanish languages.
XTB Forex Broker Deposit and Withdrawal
Deposits and withdrawals can be made through credit cards, debit cards, PayPal, UnionPay, Skrill and Neteller.
XTB Review Conclusion
All in all, XTB comes as a highly recommended broker in Europe and all over the World. The trading software is exclusive and offers various features that are not offered by other brokers. It is obvious that the people behind this company are very passionate about what they are doing, because of their own platform that has a lot of new features and functionalities, because of their very helpful and respondent customer support and because the fact that they try to make every client, from small ones to large ones, comfortable and content about the environment.
XTB is not a recommended choice now! We do not advise you to sign up. Go with our trusted offer below.