August 19, 2022

XTB Review Is XTB a Scam or Legit Forex Broker ️

Contents The stock market: XTB review FAQ XTB reviewXTB Forex Trading XTB reviewXTB Inactivity Fees…

As such, it is important to factor both the commission and the spread into your overall trading costs. There are, however, no costs for incoming or outgoing wire transfers or for closing an account. XTB does not offer guaranteed stop losses making it one of the few prominent forex brokers not to do so. GSLOs protect the trader from market gap risk and many brokers are willing to offer it and accept the risk themselves.

xtb review

This is called an inactivity fee and it’s the only non-trading fee that the broker charges. As an international company, we have branches in several countries around the world, and we only provide services in each country’s official language. The product range is mainly limited to CFDs, although real bitcoin trader canada stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E. You can set up email, SMS and push notificationsfor important events such as margin calls, deposits and withdrawals, your closed/open positions and other features.

82% of retail investor accounts lose money when trading CFDs with this provider. When choosing a broker, it is important to compare the fees and spreads offered by different brokers in order to find the best deal. XTB offers competitive rates, and its commission and spread structure is transparent and easy to understand. This makes it a good choice for traders who are looking for a low-cost way to trade FX, and other instruments.

The platform saves all the modifications, so you will find them without problem the next time you open it . The search engine makes it easy to find them, but the platform also allows us to put our favorite instruments as favorites and even create personalized groups. To add an instrument to your favorites, click on the star next to the name.

The stock market:

XTB assigns all its clients personal account managers while the support team is available 24/7 to help with any trading issues. Traders at XTB can access more than 1500 global markets covering Forex, Indices, CFDs-stocks, ETFs, and Commodities. I would say that if you really don’t know anything about it, it will undoubtedly take a few days to understand how it works. But in this case, you will probably have the same problem with all brokers. In short, it is a tool for traders or those who want to become one. XTBdoesn’t charge any deposit feefor payments made through bank transfer and credit/debit cards.

Which trading is best for beginners?

  • Fidelity – Best overall for beginners.
  • TD Ameritrade – Excellent education.
  • E*TRADE – Best for ease of use.
  • Merrill Edge – Best client experience.
  • Webull – Best investor community.

The choice of a trustedbrokeris very difficult nowadays.XTBis currently one of the best-known internationally.Are you looking for experience with theonline brokerXTB? With more than 9 years of experience in the financial markets, we tested the broker for real money. You will get an overview and an introduction to trading with X-Trade Brokers. XTB stands for X Trader Brokers, is an online retail forex broker. XTB offers to trade following assets on MetaTrader 4 and xStation 5. XTB’s educational offerings are on par with the industry standard.

XTB review FAQ

XTB has offices in many countries, including Poland, of course, but also France, the Czech Republic, Germany, Spain, Austria, Belgium… I tested their commercial service, they replied in less than 2 hours, which is far from the case with all brokers. Moreover, their answers to my questions were very detailed and well-argued, a good point for them. In this test, you will discover that XTB was one of the first online brokers.

79% of retail investor accounts lose money when trading CFDs with this provider. XTB Broker is a leading online CFD and forex brokerage platform that was established in Warsaw, Poland, in 2002. When it was launched, this was the first forex broker in Poland to offer leveraged trading to its clients. With the company’s rapid growth, it went public on the Warsaw Stock Exchange in 2016. For a short time, XTB has been offering to invest in shares free of charge (within the limit of 100k€ of transaction per month, which leaves a margin).

Which is the best forex broker in Canada?

  • AvaTrade. AvaTrade provides its trading services in Canada through the IIROC Friedberg Direct company.
  • Forex.com. TIME LIMITED OFFER: Forex.com offers a commission-free stock trading in Canada.
  • Vantage.
  • FXCM.
  • Oanda.
  • EasyMarkets.
  • OctaFX.
  • CMC Markets.

It is your own personal responsibility to make sure that all age and other relevant requirements are adhered to before registering with a betting operator. The official website of XTB states that the company is a matched principle broker and that all trades are automatically sent to its parent company, which is its liquidity provider. Therefore, all trades are automatically executed without the need for any manual intervention from any dealing desk. Once you have completed the steps, it will take no more than a day for your account to be verified. In addition to keeping you safe, these guidelines prevent the broker from accidentally facilitating illegal practices such as money laundering by placing you in a vulnerable position.

XTB reviewXTB Forex Trading

Thus, the company radiates a very high level of security. Personal care and a high deposit guarantee are the broker’s heart. Overall, the company has won many awards, which makes an additional good impression best pamm brokers on me. From my experience, the company is one of the top providers. Not 5 stars yet, I’ve seen they have high spreads on exotic assets, the rest is pretty much great, compared to their competitors.

It is complete, offers interesting information for risk management, gives statistics on your portfolio, allows you to train… I must admit that it was a surprise, to the point that I went so far as to open a real account with them after a few days of trying. A few days ago, I conducted a currency pair transaction at this broker and set a stop loss with a reasonable margin. The first thing that happened to me was that I opened two operations and waited for the price to change for a period of time. Colleagues who opened the same operation in the same broker.

XTB reviewXTB Inactivity Fees

There is a wide variety of charting options available to you as well as 29 drawing tools and 37 technical indicators. Many powerful tools are built into this platform, making trading forex and CFDs a breeze- even for forex profit beginners. If you want to try your hand at trading or change brokers, I can only advise you to test XTB. There is a training tab in which there are several series of videos that are only accessible to real accounts.

XTB minimum deposit start at 250 US$, while active traders and PRO account may require some more balances in order to cover all necessary margins. All in all, XTB Online Trading is an established, low-cost, and trustworthy forex broker . You really can’t go wrong here no matter what markets you’re looking to trade in. As mentioned earlier, XTB has its own, award-winning, trading platform, xStation. As an XTB client you can use both of these to make trades or investments. Another of XTB’s strong suits is its market analysis section.

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. If you struggle with technology, you need to consider the level of support on XTB is available. Are you looking for long-term investments for retirement, or do you want to focus on short-term successes?

xtb review

For all the details on which account type matches your trading level and needs, check out our full review of XTB. Pro accounts are available, but you won’t immediately see a registration on the XTB page. Rather the account is alluded to in the FAQs and Fee Structure. To obtain a Pro account – which essentially is a corporate account – traders should contact XTB directly.

XTB review Markets and products

XTB offers proprietary platforms xStation 5, xStation Mobile, and Web Trade platform. XTB is a forex broker group regulated by FCA , FSC , KNF , CySEC, and CNMV . X-Trade Brokers, are listed on the Warsaw Stock Exchange since 2016. 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 review

XStation 5, while limited, is intuitive and functional, and certain features, such as the instrument scanner and heat map, heighten its appeal to any type of trader. XTB offers fast and reliable customer service over phone, email and live chat. Just like a trading platform, customer service is also available in multiple languages. In our XTB review, we found fast responses and useful answers. For users outside Europe, customer service is available 24/7. This platform is not only limited to cryptocurrencies but also facilitates trading other instruments like indices, stocks, and CFDs for Forex.

This is where customers can read daily analysis articles written by XTB experts or third-party providers as well as news articles related to the stock market. The inactivity fee also applies to the scenario where no opening or closing of a position is made within365 days. But that’s something that should never concern you if you’re a fairly active trader.

Who is This XTB Review For

MT4 is a popular online trading platform that can be used to automate one’s trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems. The demo account emulates real-world markets and allows traders to make the same trade as they would if they were using their own capital in the real world. The XTB practice trading account uses the same software as the live account and replicates the markets, instruments, prices, and trading platform features perfectly.

There are no commissions for trading forex at XTB as a retail investor. The costs are built into the spreads which are very low – starting from 0.1 pips. Unless trading with a swap free account – also known as an Islamic account – there are charges for holding a position overnight. PublicFinanceInternational.org helps traders and investors, from around the world, navigate the complex world of online brokers.

You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The XTB desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The XTB desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds, and even premium research. As a result, traders can view live markets, consult charts, and make the same kinds of trades they would if they were trading live in a real-time environment.

When they open an account and start trading, you will receive a commission. This commission is based on the clients’ trading volumes. In our XTB review, we came across a unique feature, i.e. market analysis.