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X-Trade Brokers – XTB Review
Min. Deposit: 250 US$
Platforms: MT4, xStation 5
Found in: 2002
- XTB Limited – authorized by FCA (UK) registration no. 522157
- XTB Limited – authorized by KNF (Poland)
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What is XTB?
XTB is a trusted UK and European market leading brokerage providing online trade solutions, through its headquarters in Poland and London (UK). XTB broker was actually the first firm which introduced forex trading in Poland, and now became 4 th listed largest stock exchange company.
XTB 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. The broker performing its operation as a group, which has also won a notable amount of awards for both technology and service. One of the latest recognition
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Highest rated FX & CFD Broker of 2020 | voted by Wealth & Finance International Awards
General brokerage and trading service offering includes a wide selection of opportunities, through a range of global markets over 1500, including Forex, Indices, Commodities, Crypto, Equity CFD, ETFs. Another mentioning worth a Crypto trading which includes trade on Bitcoin, Ethereum, Dash, Ripple or Litecoin by CFDs on 24/7 basis, with no requirement to hold wallet, leverage till 1:5 and quite cheap swaps – long 0.08% a day, short 0.04% a day and spread calculated only by 1% from target.
XTB is their goal to help develop each trading strategy, so that client can become profitable over the long-term. The 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.
However, you should always check the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:
Is XTB safe or a scam?
XTB being European established brokerage accordingly follows and holds necessary registrations and regulations. The UK registered XTB company is respectively regulated by the biggest supervision authority the Financial Conduct Authority, is also regulated by KNF, and CMB.
Considering a strong reputation and sharpest guidelines of the regulation (read more about why trade with FCA regulated Brokers), XTB bringing confident trade with high protection. And actually, this is the main topic you should stick to while choosing a broker to trade with, means check carefully authorization of the company, as this is the only criteria that delivers a safe trading environment.
At XTB Limited, the safety of funds is paramount, therefore 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.
XTB Trading Platforms
XTB offering two main platforms that client is able to choose from, as a mainstay XTB uses xStation5, which been recognized as an efficient choice and gained multiple awards for total trade transparency, real time commentary, execution speeds and very comprehensive charting package.
xStation 5 voted ‘Best Trading Platform 2020’ by Online Personal Wealth Awards
Forex Magnates 2020 | 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 the current situation of selling or buying trend of each market, as well as Top mover showing which markets gaining or losing. Another addition equity screener that filters stocks and searching for 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 all supported by Expert Advisors.
XTB Trading Fees
XTB provides three types of trading accounts, while generally, XTB operational strategy shows a good value for money. The offering is based on tight spreads from 0.3 pips on market level execution along with bonuses for active trader.
Available accounts divided into Basic Account, Standard and Pro Account. Generally speaking, accounts featuring approximately the same options and benefits from the company, apart of the difference on swap rates and spread level which diverse from 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. For better understanding check out typical spreads at Standard accounts and also compare XTB fees to another popular broker AvaTrade.
|Asset/ Pair||XTB Spread – Standard Account|
|Crude Oil WTI||4|
For the XTB overnight fee or knowns as a swap rate, the broker charges a differential determined between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’. The fee originally varies from the currency to another, as an example, EUR/USD rollover on buying position is -12.037 while selling will let you gain 5.795.
Being a European based broker, the XTB does not offer high leverage ratios recently due to the updates from the EU regulation ESMA. The traders may use a maximum of 1:30 level towards Forex instruments, 1:5 towards Stocks and even lower to some additional assets. Nevertheless, these restrictions are definitely done to protect trading orders and accounts themselves, as the higher leverage ratios may impose a significant risk for any trader towards money loss. Thus, 1:30 is still a good level to maintain potentially successful trading, yet with lower risks involved.
XTB Deposits and Withdrawals
There are several ways to deposit funds into the trading account, which includes the most popular and secure payment methods.
As for the minimum deposit amount, the XTB set required a deposit to start 250 US$, while active traders and PRO account may require some more balances in order to cover all necessary margins.
For the funding fees, Bank transfers and payment for both withdrawals and deposits by Credit Cards are free of charge and accepting the following currencies EUR, USD, GBP. Yet, other payment methods incur additional charges – 2% of the deposited amount, these are PayPal and Skrill.
To withdraw funds from your account, the client has to proceed with online request and choose where to transfer the money (nominated bank). Another pleasant feature that XTB does not charge an inactivity fee.
Conclusion on XTB
XTB as a multi-asset broker provides a well-balanced trading experience while regulated in several major financial centers, hence considered a reliable broker. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards. Being a client of XTB you will enjoy the benefits of a long-term relationship that building durable cooperation with active traders as 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.
XTB Review – Is it scam or safe?
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Minimum trade size
from 0.3 pips + commission $4 per lot (per side)
There are three basic accounts types offered by this broker: Basic, Standard and Pro. The Basic account is suited for beginners, as well as regular traders who prefer fixed spreads, while the Standard and Pro accounts provide variable spreads. The Pro one is tailored to advanced traders, offering raw market spreads through STP execution.
XTB or X-Trade Brokers is a leading forex broker in Central and Eastern Europe, providing online trading in over 1500 instruments, including forex, indices, shares, commodities and ETFs on two trading platforms – its in-house xStation and the ever popular MetaTrader 4.It has offices in more than 15 countries in Europe, South America and Asia.
Behind the XTB brand is XTB Limited, a UK-based, FCA-regulated subsidiary of the XTB Group. Its other subsidiaries are regulated by Poland’s financial supervision commission (KNF).
Security of Funds
XTB Ltd., operating under the trading name XTB, is authorised and regulated by UK Financial Conduct Authority (FCA). As a UK-based brokerage XTB has to adhere to strict requirements and the highest regulatory standards.
For example, in order to acquire a license from the UK financial watchdog, brokers have to provide proof of financial stability: they must hold a minimum of €730 000 in order to conduct their business activities legitimately. Similar minimum capital requirements apply in other jurisdictions, for instance brokers based in Australia are required to possess at least $ 1 million.
Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the umbrella of the Financial Services Compensation Scheme (FSCS), where the maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent.
In case you are interested, you may look up more FCA-regulated brokers.
What is more, in May 2020, XTB went public by debuting on the Warsaw Stock Exchange (WSE:XTB), which adds additional transparency to its business model and finances.
Minimum initial deposit
XTB requires $250 as initial deposit for opening a live account, which is average.
Average Spreads & Commissions
This broker offers both fixed and variable spreads. The fixed ones are available on the Basic account and amount to 2.0 pips on EUR/USD, which is average. As regards the variable spreads, the ones provided on the Pro account are as low as 0.3 pips on EUR/USD, but incur a commission fee of 2.5 GBP / 3,5 EUR / 4 USD / 1400 HUF per lot (per side). No commission is charged on the Basic and Standard accounts.
In comparison, FxPro offers average spread of 1.4 pips on the EUR/USD for its commission-free accounts and average spreads as low as 0.4 pips on the EUR/USD for its cTrader accounts, charged $4.5 per standard lot.
You may look up real-time spreads of 15 leading brokers here.
The maximum leverage provided by XTB depending on the instrument traded:
– forex: leverage up to 1:200;
– indices: leverage up to 1:133;
– commodities: leverage up to 1:66;
– shares & ETFs: leverage up to 1:10.
On the whole, a maximum leverage of 1:200 is deemed average for the market, however some traders may wish to trade more with less.
Other FCA-regulated brokers, like HY Markets, provide leverage up to 1:300, and XM offers leverage levels as high as 1:888. Traders, however, should be careful, because high leverage ratios may not only allow them to trade more with less, but also to lose more than they have initially deposited.
Clients of XTB are offered a choice of two trading platforms: their in-house xStation and the renown MetaTrader 4, both available as desktop, web and mobile versions.
xStation is user-friendly, fully-customizable platform, which is equipped with an advanced trading calculator (instantly determining a trader`s potential profit or loss, thus allowing more informed trading decisions). Traders will probably appreciate even more the other two features of the platform: one-click dealing and the ability to deal straight from the charts.
In addition, XTB offers the most widely-used trading platform MetaTrader 4. It allows users to fully automate their trades by Expert Advisors (EA) and let the program do all the work. This is one of the reasons MT4 to be the preferred platform by most traders What is more, it offers a wide range of technical indicators, extensive back-testing environment and advanced charting package. Here is a list of more forex brokers offering MT4 platform.
Risk Management Options
Since CFDs are leveraged products and carry a high level of risk and losses can exceed traders` deposits, XTB provides guaranteed stop losses available on the Basic account.
The broker said on its website it guarantees that stop losses will be executed at the price requested, free of charge – even in cases of slippage.
Bonuses, Rebates, Promotions
XTB offers a variety of promotions to its clients:
– the Loyalty program that offers traders the opportunity to earn cashback on each completed
up to £2.60 cash back per lot.
– Monthly interest cash – traders can earn up to 1.1% on their cash balance each month, depending on the volume of trades.
– Refer a friend bonus – if a trader refers a friend and the latter opens a real account and trades a total of 10 round lots, both of them are entitled to £40.
Methods of Payment
This broker provides its clients with the following payment methods: bank transfer, credit/debit cards (Mastercard, Maestro, Visa) and e-wallets (Paypal, Skrill, Neteller).
XTB is a safe and dependable broker, offering trading in a wide range of CFDs through both its proprietary xStation and the famous MT4. To sum up the above, here are the Pros and Cons with regard to this brokerage:
Mediocre maximum leverage
Choice of trading platforms, MT4 available
No Islamic accounts
Guaranteed stop loss available
STP environment available
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Beginner’s Guide to XTB: Complete Review
XTB is an online broker dedicated trading Forex, Crypto & CFD markets. XTB prides itself on offering a personal approach, comprehensive educational materials, and an award-winning platform. The company aims to create a long-term relationship with clients, giving them the necessary tools to successfully trade.
Keep in mind that XTB operates in 17 different countries/regions and also has a separate international version. Each of these has slight differences in spreads, leverage, account types, funding methods, and other intricacies. Unless specified, all of the following information is based on International Accounts.
Risk Warning: 79% of retail investor accounts lose money when trading CFDs with XTB Limited.
XTB at a Glance
While most brokers are only regulated by one, possibly two, organizations, XTB is regulated by a long list. XTB has offices in over 10 countries around the world, including France, Spain, Germany, Poland, the UK, and Belize.
With its reach in so many different countries, it should come as no surprise that XTB is regulated by numerous supervision authorities from around the world, including CySec, KNF, FCA, and IFSC. With so much international regulation, you can trust that XTB is held to a high standard, particularly in terms of protection of client funds.
XTB International Limited (XTB) is regulated and authorized by IFSC (International Financial Services Commission) in Belize under IFSC License No: IFSC/60/413/TS/17. XTB is registered in Belize with Registered Number 153,939. The company’s address is 35 Barrack Road, 3 rd Floor, Belize City, Belize, C.A.
XTB is one XTB Group’s trademarks. The XTB Group also includes X-Trade Brokers DM SA, XTB Limited, and XTB Sucursal. Other international organizations authorize and regulate these other entities. Komisja Nadzoru Finansowego (KNF) in Poland authorizes and regulates X-Trade Brokers DM SA (KRS 0000217580, REGON 015803782, NIP 52 7-24-43-955).
The Financial Conduct Authority in the United Kingdom authorizes and regulates XTB Limited (FRN 522157). The Comision Nacional del Mercado de Valores in Spain authorizes and regulates XTB Sucursal.
XTB Ltd’s (XTB UK) registered trading office is located at Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom. X-Trade Brokers DM SA’s registered address is ul. Ogrodowa 58, 00-876 Warszawa, Polska. XTB Sucursal’s registered address is C/ Pedro Teixeira 8, 6ª Planta, 28020, Madrid.
History of XTB
XTB has a rich history that reaches back to 2002. In 2002, X-Trade was incorporated. With its location in Warsaw, it was, at the time, the very first foreign exchange brokerage house in Poland offering leverage. In 2004, X-Trade merged and became XTB as a way to comply with the updated regulations for the Polish market.
By 2005, XTB was authorized by the Polish Financial Supervision Authority (KNF) for offering brokerage services across all types of financial products. In 2005, XTB earned the honor of “Best Broker in Europe” from the Money Markets Journal.
In 2006, XTB became part of the Polish National Clearing House and the Warsaw Stock Exchange. In 2007, it opened its first foreign branch, which was located in the Czech Republic. It followed this achievement by also opening offices in Romania, Slovakia, Germany, and Spain in 2008.
X-Trade Brokers rebranded to become XTB Online Trading in 2009. In 2020, XTB opened up new branches in Portugal, France, Italy, and Hungary. These branches included cross-border licensing in Austria, the Netherlands, Sweden, Bulgaria, Greece, and Belgium. The year 2020 also saw XTB establish subsidiaries in Turkey and the United Kingdom.
In 2020, XTB signed a deal with Mads Mikkelsen, the award-winning Hollywood actor, to become a brand ambassador. In 2020, XTB was successfully listed on the Warsaw Stock Exchange. The first day that it was a publicly traded company, the shares rose over 4%.
XTB Account Types
XTB has multiple account types, including a demo account which is super easy to signup for and will allow you to test out the platform with either MetaTrader 4 or the web-based Xstation.
Only the Standard and Pro Accounts are available to clients in the UK. Both of these types of accounts for UK clients use floating spreads, with Pro Accounts also featuring market execution. This involves paying a small commission in order to reach market levels. A UK Standard Account spreads float with a minimum of 0.9 pips, while Pro Accounts have a minimum spread of 0 pips, which are also floating.
XTB Account Signup
|WITHDRAWAL FEE ON AMOUNTS SMALLER THAN THRESHOLD||THRESHOLD||AMOUNTS LARGER THAN THRESHOLD|
|20 USD||100 USD||Free|
|16 EUR||80 EUR||Free|
|12 GBP||60 GBP||Free|
|3000 HUF||12 000 HUF||Free|
XTB Trading Instruments
To appeal to a wide range of traders, XTB supports a long list of assets. In total, there are 3,000 markets that you can trade with the broker, including forex, commodities, shares, and indices.
For forex, you can enjoy spreads from 0.1 pips; these are tradeable 24/5. There are 48 currency pairs, micro lot size contracts, and there is no minimum initial deposit.
There are more than 20 indices available with XTB, including those from China, Germany, and the USA. All have low transaction costs, the ability to go long or short, financial leverage mechanism, and no overnight cost to hold an open position.
There are popular commodities available, such as oil, silver, and gold. These have no overnight holding cost, 24-hour trading, low transaction costs, and high volatility for precious metals and commodities.
XTB supports CFDs on over 1,500 equities, with leverage as high as 1:10. The commissions are low, starting at just 0.08% and there is ultra-fast execution plus the ability go long or short.
There are 60 ETF CFDs, with leverage of up to 1:10, low commissions starting at 0.08%, ultra-fast execution, and negative balance protection.
Finally, XTB offers the option to trade cryptocurrencies, including Dash, Bitcoin, Litecoin, Ripple, Stellar, Ethereum, and more. The market is open 24/7 and there are low transaction costs and no risk of losing capital to a hacking attack.
Commissions vary slightly by account type. There is no commission on Standard Accounts for crypto, forex, indices, or commodities, with commissions on other types starting at 0.8% per lot. These are also the commissions (when applicable) for Islamic Accounts.
For Pro Accounts, the commissions on forex, indices, commodities, and cryptocurrencies start at $4 per lot. Commissions for stock CFDs and ETF CFDs start at 0.08% per lot.
XTB Service Levels
In addition to account types, XTB offers different service levels. These levels let the broker accommodate the needs of each client, regardless of their experience level or expertise.
Base service levels do not have a minimum volume in lots or a minimum deposit. This service level also provides clients with access to the Premium Educational Materials. The education system was created by XTB specialists and it includes materials for all skill levels to guide you through your trading journey.
Plus service levels have a minimum volume of 10 lots and a minimum deposit of 100 EUR. In addition to providing access to Premium Educational Materials, this service level provides access to Premium Research Materials, Premium Email and Push Notifications, and a priority pass to events, such as Trading Clubs.
The Premium Research Materials come from the XTB award-winning analyst team. They are designed to help you stay up-to-date with the latest market movements and provide expert guidance to support your strategies.
The Premium Email and Push Notifications include information like market news, trading signals, and analysis. The idea is to give you quick information that is actionable so you do not miss out on opportunities. The Trading Clubs occur weekly, and professional traders run these sessions to include real-time market analysis. There is also priority access to XTB Masterclasses.
Finally, the VIP service level requires a minimum trade volume of 100 lots and a minimum deposit of 25,000 EUR. In addition to all of the above, this service level gets one-to-one coaching sessions, market analysis on demand, and direct access to market analysis.
Market analysis on demand involves consultations with market analysts who can give you feedback on your trading strategy and explore specific markets for you. This goes hand-in-hand with direct access to market analysts so you can get information on market movements in real-time.
The one-to-one coaching sessions help you improve your technical analysis skills and tools, such as Market Geometry, Ichimoku, and Price Action. These sessions can also help develop trading psychology or risk management. VIPs can contact their Account Manager for a current list of available trainings.
XTB Trading Platforms
The Online Personal Wealth Awards named the XTB platform the “Best Trading Platform 2020.” The platform provides clients with live market commentary as well as an economic calendar. There is an ultra-fast execution speed and access to advanced chart trading tools. You can use XTB on any device, including your desktop, laptop, tablet, or smartphone.
There are two platform choices with XTB: xStation 5 and MetaTrader4.
xStation 5 is the award-winning platform from XTB. It’s simple to use and has superior execution speeds. This platform includes a trading calculator, advanced chart trading, trader statistics, advanced technical analysis, bulk order closing, Trader’s Talk, market sentiment, top movers, and equity screener.
xStation 5 is available for desktop devices, tablets, mobiles, and even smartwatches. The desktop version is fully functional and is the fastest version of the platform. The tablet application maximizes the tablet device version’s interface and delivers full trade management along with powerful tools.
Like the desktop version, it offers bulk order closing, complete trade management, and interactive charts that include technical indicators.
The mobile version is incredibly popular, with over 50% of XTB clients actively using it. It is filled with powerful tools and features, including complete trade management, the interactive charts, the technical indicators, and bulk order closing. The smartwatch application lets you trade the markets in just a few taps and it works with both Android and iOS smartwatches. The interface is simple to use, and you can trade and manage your orders right from your smartwatch.
MetaTrader 4 is the most popular trading platform in the industry, providing XTB clients with all the benefits of a well-loved and easy-to-use platform. There is a vast array of analytical tools built right in as well as the ability to add automatic strategies, indicators, and oscillators.
One special feature of MT4 is the ability to optimize technical trading via powerful pattern recognition. This tool lets you spot trends that are just emerging so you can define the exit and entry points as well as set the profit taking and stop loss levels.
With a one-click dealing system, entering and exiting trades is quick and efficient. MT4 also has a strategy tester and a great deal of experience.
MetaTrader 4 is available for desktop, tablets, and mobile devices. The desktop version is full of features. The tablet version lets you have full control and management over your open transactions. The mobile version is available for both iOS and Android and lets you trade anywhere at any time. It includes intuitive abilities to execute transactions and analyze market trends.
Those who trade on MetaTrader 4 with their XTB accounts can choosing from Buy Stop, Sell Stop, Sell Limit, and Buy Limit pending orders. There is also the ability to open a trade with an instant order. xStation also lets you make Stop Loss and Take Profit orders to make the most from your trades.
How Do You Trade with XTB?
The specific steps to trading with XTB will depend on the platform you use. With MetaTrader 4, you can open a trade by using the Market Watch window found along the platform’s left-hand side. Alternately, you can press the F9 button on your keyboard or go to the “tools” tab by the platform’s top menu. After this initial step, just fill in the relevant information for your trade and submit the information.
There are also three methods of placing a trade using xStation, all of which are simple and intuitive. You can do so via the Market Watch window, which opens when you click on the name of a market.
This window features a built-in calculator so you can view things such as commission, pip value, spread in pips and its monetary value, and daily swap points. You can also trade via the chart; specifically, look for the top left-hand corner where you will see buy and sell buttons plus the ability to modify the quantity.
Finally, you can opt to use the three-click trade functionality. When on the market you want to trade, select the “Place pending order on Chart” icon. Now, you can click where you want to trade on the chart, followed by where you would like to put the stop loss and then your profit target. This will give you a new deal ticket and you just have to select Buy or Sell.
XTB Trading Tools
One unique feature of XTB is that it provides clients with detailed live trader performance statistics. These statistics can be incredibly useful in terms of seeing areas for improvement and areas in which you are doing well.
The broker also offers a Trader’s Calculator that is designed to help you calculate your trade based on your reward and risk. This feature is built into xStation 5 and determines your potential loss or profit based on stop loss, limit order, and lot size. The calculator is designed to assist with risk management.
xStation 5 also includes advanced chart trading, letting you trade right from the charts and take advantage of pending orders, take profits, stop losses, and market orders. xStation 5 also includes advanced technical analysis via technical indicators such as RS, Moving Averages, Fibonacci Retracement, and others.
The bulk order closing trading tool lets you use a single click to close all losing or winning trades, limiting losses or locking in profits. The equity screener on xStation 5 lets you filter out stocks via an advanced screener to make it easier to find the best trading opportunities.
Those who trade with MetaTrader 4 get access to the Strategy Tester. This lets you test and optimize your EAs. Thanks to this trading tool, you can back test every strategy across your intervals and market assets to discover which solution works best. The results from Strategy Tester are extensive and divided into three tabs for thoroughness.
If you use MetaTrader 4, you will also have access to the MQL programming language, which lets you program and edit technical analysis tools. If you prefer not to create your own code for technical analysis tools, MT4 also includes access to the MQL4 community, which lets you share and/or download the tools, signals, and scripts or simply share strategies.
It is also possible to add technical analysis tools to MT4 without any use of MQL by downloading and saving a tool in the appropriate spot. You can find detailed information on this process in the XTB FAQ section.
MT4 also includes multiple other tools to assist you with trading, including the ability to create price alerts. MetaTrader also provides access to technical tools like Gann-based tools and Fibonacci indicators, as well as your choice of charts, including candlestick, bar, and line. It also has various oscillators and indicators like Stochastic Oscillator, RSI, MACD, and Moving Averages.
XTB also features an economic calendar on its website, as well as within the xStation platform, which the company refers to as a market calendar. As expected, this calendar includes a full listing of all the upcoming and current events that can influence the various markets. You can filter the search results by impact and country, or just view the whole thing.
You can also adjust the calendar view between a day, week, month, or a custom length of time. For each event, you will see the date and time, country, economic indicator, impact, period, current, forecast, and previous period.
Market News & Analysis
You can get market news and analysis directly via the xStation 5 platform with Trader’s Talk. This is a live audio feed right in the platform that lets you hear breaking news for real-time market opportunities.
On the XTB website, you will find an entire section dedicated to Market News. Visiting this page will show you the latest relevant information for markets that can be traded on XTB. You can view the headlines or read the specifics. Each article has a quick summary as well as more in-depth explanation, including charts and graphs where useful.
You will find news as well as analysis on this page. Most of the articles are available to anyone, but some are locked and require a login. Any type of XTB account gets full access to the news and analysis section.
To ensure that all clients have the knowledge they need available at their disposal, XTB offers an extensive Education section; this is one of the main navigation tabs on the website. Within the Education section, you can divide the Trading Academy sections up by skill level or topic. The skill levels include Basic, Intermediate, Expert, and Premium.
Basic helps you learn the most important information about the forex market, instruments, and trading platforms and teaches basic trading techniques. Intermediate takes it deeper by teaching fundamental and technical analysis. This is also where clients learn about managing risk and controlling emotions. Expert courses will be available very soon and will focus on advanced tools and techniques, expert trading knowledge, and advanced functions on the XTB platform.
Finally, the Premium section is filled with Premium content and includes tools, tips, and advice from top traders in addition to advanced trading strategies and techniques. You can access most of the educational materials on XTB without logging in or registering, but the Premium section does require you to log in.
If you prefer, you can also browse the courses in the Education section by subject instead of level. This way, you get to choose from an MT4 Tutorial, an xStation Tutorial, an Introduction to CFDs, Fundamental Analysis, or an Introduction to Forex.
At the time of writing, the Basic category has 27 lessons to choose from and covers topics like using specific platforms in great detail, risk management, an introduction to types of charts, resistance and support, trading the trend, why macroeconomics matters, global sessions, and more. There are 15 Intermediate lessons at the time of writing, including more advanced how-tos on specific platform features, market sentient and positioning, stocks, cryptocurrencies, intermarket correlation, and more.
There is also a useful search feature on the Education page so you can easily find a topic that you wish to learn more about.
Depending on the language and region you choose when viewing the XTB website, you will also notice live webinars. These allow you to connect with XTB’s market experts and learn or review skills from the comfort of your home.
XTB FAQ Section
Like most brokers, XTB has a FAQ section, also known as its Knowledge Base. Unfortunately, at the time of writing, the FAQ section does not information on the International Page. It is labeled as “Soon” with categories for Our Platforms, Your Account, and Trading Glossary. While the FAQ section will likely be useful in the future, the lack of content at the moment is a significant disadvantage for XTB over other trading platforms.
Without FAQs in place, the chances of needing to contact customer support to understand a process or resolve a minor issue increases. This may be a hassle for clients and likely also increases the wait times for support as more people contact support for minor issues.
In the meantime, we suggest that if you cannot find an FAQ section with information on the XTB website dedicated to your region, that you visit that of another region. The version of XTB targeted towards United Kingdom clients in English, for example, currently has a reasonably detailed FAQ section with a total of 31 categories and 51 topics.
XTB Affiliate Program
XTB offers both an affiliate program and an Introducing Broker (IB) program. With the affiliate program, you get marketing tools from XTB that you can use to advertise on your platform or website.
Visitors get redirected to XTB via a unique link. You can then earn money for successful referrals, doing so on a monthly basis. This method can earn you as much as $600 per trader.
The Introducing Broker program acts as a partnership. You refer your clients to XTB and they open up and account and start trading. You will then receive a commission based on the trading volumes that your clients generate.
XTB Customer Support
The client support from XTB is very highly rated, having earned a five-star rating from its clients. Part of this is due to the friendly, prompt service, while another aspect is XTB’s previously mentioned desire to build long-term relationships with its clients. The support team is available 24 hours a day Sunday through Friday. This makes it easy to get help exactly when you need it.
The fact that everyone gets their own personal account manager is also incredibly useful as this allows for personalized service and a simple point of contact.
Is XTB Safe?
Since XTB is regulated, you can rest easy knowing that the broker holds all of its retail clients’ funds in a segregated account. This means that those funds never mix with the broker’s own funds. There are also additional measures in place, such as storing the funds in ring-fenced accounts separate from those of XTB. The use of segregated funds for client funds ensures that if something happens to XTB and the broker must file for bankruptcy, the client funds cannot be considered recoverable assets by XTB’s general creditors. Instead, the funds would have to be returned to the clients.
In the case of XTB clients in the United Kingdom who sign up via the UK version of XTB, there is additional fund protection via the Financial Services Compensation Scheme. This scheme, known as FSCS, provides insurance of up to £50,000 per person if the unlikely scenario occurs and XTB becomes insolvent.
All personal information that you submit to XTB remains safe with the company. All of the data passes through a secure SSL connection to prevent hackers from gaining access to it. Due to XTB’s regulation and authorization from various financial organizations around the world, you can count on the broker to maintain the highest level of security.
XTB is in competition with similar brokers which have covered before, as follows:
Over the 12 years that XTB has served traders, it has earned numerous awards and honors. Both Forbes and Bloomberg have praised the broker. It has also earned honors from M&A Today Global Awards 2020 and AtoZForex.com’s 2020 Forex Awards. In 2020, XTB was the Wealth & Finance Highest Rated FX/CFD Broker for the Global Excellence Awards.
XTB won an Online Personal Wealth Award in 2020 as well as a runner up. It also received honors at the World Finance Exchange Brokers Awards in 2020. Also in 2020, XTB earned the title of Bester Forex Broker (Best Forex Broker) from the Leser Award. In 2020, XTB earned honors for being a Forex Broker and CFD Broker from.
XTB is an international online broker with 14 years of experience. The broker now operates offices in 10 countries worldwide and offers clients access to thousands of instruments to trade. XTB has gained an excellent reputation for it’s high quality platform, fast order executions & transparency. Add in the fact it is a highly regulated and publicly traded company, you can trade with them with confidence.
There are multiple account types, including a swap-free Islamic account, and various service levels to accommodate the needs of various traders. XTB has its own trading platform, xStation, or works with MetaTrader 4 for those who prefer something familiar. xStation itself is a very well built piece of software which you can use on web, mobile or with the desktop downloadable app.
XTB is regulated by multiple international organizations, providing clients with peace of mind. The broker is simple to use, has good customer service, and offers a very nice selection of educational tools.
If you are looking for one of the best brokers, we highly recommend you try out XTB.
79% of retail investor accounts lose money when trading CFDs with XTB Limited.
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