X-Trade Brokers - XTB Review

Company Brief:

XTB is a trusted UK and European market leader providing online trade solutions, with headquarters in London (UK), regulated by FCA, hence bringing confident trade with high protection while all client funds kept in segregated accounts.

Company withholds global providers of FX and CFDs with offices in 12 countries in Czech Republic, Hungary, Italy, Turkey, Chile, Belize, Poland, Germany, Slovakia, Portugal, Romania, Spain and France, providing dedicated service and support on a 24 hours basis. XTB broker was the first firm which introduced forex trading in Poland, and now became 4^th listed largest stock exchange company.

The broker performing as a group, which has won a notable amount of awards for both technology and service. One of the latest recognition

Highest rated FX & CFD Broker of 2018 | voted by Wealth & Finance International Awards

Company offering trades in a wide range of global markets over 1500, including Forex, Indices, Commodities, Crypto, Equity CFD, ETFs. Below detailed description for each market.

Range of Markets:

XTB offering quite competitive and pleasant conditions to trade markets, following no requires policy and negative balance protection

1. Forex or Foreign exchange is the trading of one currency against another. The broker offering competitive, tight spreads from 0.28 pips spreads, high leverage up to 1:200 on over than 50 spot currency pairs with No requotes policy and guaranteed stop loss free of charge.
2. Bitcoin was created in 2009 as the first digital currency and one of the biggest financial innovations through the last years. To trade Bitcoin, Ethereum, Dash, Ripple or Litecoin with XTB offered by CFDs on 24/7 basis, with no requirement to hold wallet, maximum exposure reaching 15,000 euro with leverage till 1:5 and quite cheap swaps – long 0.08% a day, short 0.04% a day, spread calculated only by 1% from target. However, contract duration is 7 years.
3. CFD Indices available at XTB covers over 35+ indices from exchanges. Basic conditions including leverage up to 200:1 (0.5%) with deep liquidity, spreads starting from 0.39 pips, No requotes or swap fees policy and guaranteed stop loss free of charge.
4. Commodity trading approaches energy, metals and agricultural CFDs. XTBs clients enjoying a range of offers from the world commodities leaders to trade gold, silver, crude oil and more, however alternative investments are available too. The leverage level goes to 1:66, spreads including 0.21 pips on gold, still with No requotes policy and guaranteed stop loss free of charge.
5. Equity markets trade through CFD covers all world offerings through one account with Direct Market Access (DMA), the availability of short selling, leverage till 1:10 and commission from 0.08% , dividends and rights issues paid in cash.
6. ETFs are included in XTB range too, the biggest European and American exchanges at the lowest cost through DMA, T+0 settlement, commissions starting from 0.08%.

Trading Platforms:

XTB broker offering two main platform client is able to choose from, as a mainstay xStation 5 is used, which been recognized as an efficient choice and gain multiple awards for total trade transparency, real time commentary, execution speeds and very comprehensive charting package.

xStation 5 voted ‘Best Trading Platform 2016’ by Online Personal Wealth Awards

Forex Magnates 2012 | Best proprietary fx platform

Nevertheless, the platform is fully customizable and very fast, including useful tools like calculators, advanced charts, trader statistics, bulk order closing, traders talk and progressive technical analysis.

All settings, watch lists and workspaces are accessible from desktop, smartphone, laptop, tablet and even smartwatch.

XTB platform includes also a useful Market sentiment and displays current situation of selling or buying trend of each market, as well Top mover showing which markets currently gaining or losing. Another addition equity screener that filters stocks and searching new opportunities.

Second offered by XTB platform is known to all trading world MT4, however XTB enhanced features by fast, reliable trade execution, multi-asset coverage, No dealing desk execution, no requotes and supported by Expert Advisors.

Accounts:

The broker provides three types of trading accounts to the client needs and opportunity.  XTB operational strategy shows a good value for money trading with leverage up to 200:1, tight spreads from 0.3 pips and market level execution and as a bonus active trader earning rewards.

Available accounts divided into Basic Account, Standard and Pro Account. Generally speaking, accounts featuring approximately the same options and benefits from the company, required deposit to start 250 US$, apart of the swap rates and spread level which diverse 2.0 pips for Basic, 0.35 pips for Standard and 0.28 for Pro accordingly, also in Basic account spreads are fixed and automated trading is not available.

Another point, which necessary to mention about XTB, is their goal to help develop each trader strategy and trading so that client can become profitable over the long-term. Comprehensive educational program develops skills and knowledge for every step with video tutorials and guides from Trading Academy, online webinars and live market analysis, community of minded traders – XTB’s Trading Club, one-to-one mentoring and development managers. As well, there are various bonuses offered, affiliates and partner programs available and widely spreading.  

Deposits and Withdrawals:

There are several ways to deposit funds into the trading account. Bank transfers and payment by Credit Cards are free of charge and accepting following currencies EUR, USD, GBP. Other payment methods incur additional charges – 2% of the deposited amount, these are PayPal and Skrill. 
At XTB Limited, the safety of funds is paramount, all client funds are held in a segregated account at all times, as well protected by the FSCS up to £50,000 per person in the unlikely event of insolvency.

To withdraw funds from your account, the client has to proceed with online request and choose where to transfer the money (nominated bank). Processing time takes about 1-2 days, also withdrawal under a certain amount applies some charge. (Threshold 100$ sets 20$ fee, threshold 80 euro sets 16 euro fee, etc.)

Conclusion:

XTB as a multi-asset broker provides a well-balanced trading experience while regulated in several major financial centers, hence considered “reliable”. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards. Clients of XTB, as well, enjoying the benefits of a long-term relationship with the company, in that building of durable cooperation with active traders is one of the company main objectives. As a whole, XTB’s offers more than usual brokers do and that’s for sure worth clients note.