Deposits made using eWallets, PayPal or Skrill will be charged at a flat rate fee of 2% per transaction. Active traders, and those who qualify as professionals, can benefit from a rebate between 10-30% when a certain trading volume is reached. XTB has gained traction in the highly competitive industry, and now offers access to a good range of markets, including FX, stocks, metals, commodities, indices, and cryptocurrencies. The brokerage company XTB Group Limited pioneered in the financial trading industry in 2002, envisioning offering FX trading and CFDs on a wide range of markets. The broker diversified its products and services and extended roots to many regions through time. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
The primary platform xStation, is web-based, while xStation mobile is available on mobile devices and tablets for both iOS and Android users. The third trading platform supported by XTB is MetaTrader 4, one aimed at traders who prefer advanced trading tools and automation features.
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All raised with xtb who continued to deny any technical issues. Alleged investigation by technical team with regular strange questions from account manager. Trying to recoup previous losses ,which were being ‘invrestigated’ i made higher risk trades and had two disastrous trades, xtb are unwilling to accept obvious and refunds are impossible.
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. For traders, XTB platform offers both an IB program and an affiliate program. With the affiliate program, you will get XTB’s marketing tools for advertising on your platform or website.
These include countries like the UK, Germany, Poland, France, Chile and Spain etc. XTB has an award winning research team providing news and analysis via the xStation platform. Stories cover breaking news, in depth market analysis and specific trade ideas. These materials can cater to both beginners and advanced traders. We concluded that xStation is a solid and user friendly platform. For traders looking for more advanced functionality such as strategy backtesting and automation, XTB also offers the MetaTrader 4 platform. XTB does not charge any deposit, withdrawal or account closing fees.
What Assets Can You Not Find On Xtb?
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. While ancillary costs were on par with industry standards, XTB’s consistently lower spreads were hard to ignore as they clearly separated it from the competition. Investopedia’s ranking algorithm factored this in when recognizing XTB’s appeal to cost-conscious traders. EToro and XTB fees are similar and mainly built into a spread basis.
Excellent educational opportunities also exist, which will be outlined in the section below. XTB derives its income primarily from spreads and commissions. While this broker advertises a minimum mark-up of just 0.1 pips, the website indicates a 1.0 pips difference between the bid and ask price. Per the account information, the commission-free version commences with a minimum spread of 0.5 pips and the commission-based one with 0.01 pips for a fee of $3.50 per lot. Equity and ETF CFDs face a 0.08% commission with a minimum of $8 or a currency equivalent. XTB’s main goal is to make financial markets accessible for every type of trader from new traders to professionals.
Customization And Trading Tools
The stock product selection is great, though the number of ETFs is low. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high. You can set many different types of alerts and notifications, including price alerts or notifications about important market news. XTB’s mobile trading platform is user-friendly and well-designed. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Unlike some competitors’ platforms, xStation 5 does not have a built-in tool for analyzing trading activity.
This omission dropped them into the lower-ranking tier for this category, as the ability to drill down into one’s trading activity beyond the basic metrics can be invaluable to all traders. XTB charges commissions for both cryptocurrency and stock CFD transactions, and these are not as advantageous to the client. XTB educational materials are grouped according to a trader’s experience and based on various subjects, which we found to be very helpful. For example, the UK offers protection up to £80,000 but no protection on crypto CFDs.
For this reason, our broker review team would recommend using XTB’s mobile platform over MT 4. Our team tested the XTB website on a number of mobile devices and found that it was responsive and well designed. The mobile version of the site offers complete functionality, which means you can register with the broker, manage your account, and make deposits and withdrawals from your smartphone. Additionally, the broker is a member of the Investors Compensation Scheme, which covers EU clients in the case of bankruptcy. XTB also offers negative balance protection to all its customers and uses advanced technology to avoid requotes. XTB offers 25 different cryptocurrency assets to trade, among which you can find Bitcoin, Ethereum, Bitcoin Cash, Dash, EOS, Ethereum Classic, IOTA, Litecoin, NEO, Ripple, Stellar, and TRX.
Minimum amounts of a few dollars can already be invested. The biggest advantage of the platform is that all sizes and transaction properties are displayed transparently. So it is easy with a bit of practice to plan an exact risk and start the investment. Technical analysis is a tool for long-term market success for most traders. That’s why it’s important to check if an offered trading platform provides the right tools. The first impression of xStation 5 is sensational because the charts are personally customizable.
Finally, to conlcude with our XTB review, XTB provides excellent trading experience to the traders. An alternative to trading through the XTB trading platform is to trade via eToro. It is one of the largest social trading platforms in the world, and it provides traders with access to over 2400 markets and instruments. In addition to this, lexatrade official site the platform also allows you to trade cryptocurrencies, stocks, indices, ETFs, and commodities at no commissions and very competitive spreads. EToro is regulated by agencies all over the world, and it has over 15 million users on its platform. Its two platforms sync with all computer devices and provide a flexible trading environment.
In summary, a total of over 1.800 trading instruments can be traded on the XTB trading platforms. XTB is a highly regulated and trusted international CFD broker. It offers a wide range of financial products, including cryptocurrency and crypto CFDS, and a great variety of trading tools. XTB has low fees for most of its products as compared to its market competitors, however some of their product fees can be higher than average. Deposits and withdrawals are both free, it’s fast and straightforward to open an account, and its interface is appealing and user-friendly.
Xtbs Platform And Tools
Fully customizable layout with numerous technical analysis tools and indicators as well as low latency performance and user-friendly structure. There are many different ways you can deposit or withdraw your funds from XTB. You can use credit or debit cards, UnionPay, Neteller and Skrill. Also, it is important to note that XTB is one of the few PayPal brokers. Download one of the trading platform – MetaTrader 4 or xStation. Once you finished the online form, a representative will contact you to approve the account. Take note that XTB minimum requirement differs from country to country so make sure to check with the broker your minimum deposit requirements.
However, it does not include some features like 2-factor authentication which some of its competitors provide. Trade sizes and limits are average when compared to industry competitors.
Time taken to process withdrawal requests depends on the method used. Traders at XTB can also trader various ETFs such as the SPDR S&P 500, among others. Traders can register for SMS, email or desktop push notification for economic events and important market news. Trading CFDs on leverage involves significant risk of loss to your capital. Plus, in the section of news headlines, It’s difficult to distinguish between articles that are written by their in-house staff and pieces written by other third-party providers.
- Forex trading strategies, as well as a programming element for automated trading.
- XTB offers 48 currency pairs, 35 indices, 21 commodities as well as 1,610 stock CFDs for trading.
- Select ‘Deposit and withdraw funds’ on the bottom right, write your bank account details then the amount of funds you want to withdraw.
- Through various tests and ideas from traders, it has turned out that the xStation is very powerful and you have real-time access to the markets.
Their trading platform and its functionalities are almost unparalleled in the industry, and it also has low spreads and fees on the trading of stocks and forex pairs. All in all, XTB is definitely a strong option to consider for your trading needs. XTB is lexatrade rezension also unique from most other CFD trading platforms in that it allows you to trade cryptocurrency CFDs. The platform offers over 25 different cryptocurrency options, ranging from Bitcoin to other altcoins like Ethereum, Cardano, Ripple, Doge, and more.
They are expert when it comes to recovery of lost funds and they offer best services to your own satisfaction. Personal details such as name, address, email, phone number and account related info are inputted. lexatrade reviews You can immediately download a selected platform and start trading using a demo account. Later, verifications are done where the client will have to upload a government-issued ID card and a utility bill.