XTB is one of the main Forex and CFD brokers worldwide (the 4th largest listed broker). XTB gives you the possibility to invest in a multitude of different financial instruments: more than 50 currency pairs , raw materials , CFDs on stocks, indices , ETFs , …
XTB started its activity in 2002 (under the name X-Trade Brokers) and today it is physically present in 14 countries around the world.
XTB is licensed and regulated by the FCA , the UK Financial Conduct Authority and complies with the most stringent European investor protection regulations such as the MiFID directive . It is also regulated by other organizations in the countries in which it operates, such as the CNMV here in Spain.
One of the strengths of this broker is its customer service and its training and help resources . It offers various investment platforms like the powerful xStation and also the popular Metatrader 4 . The spreads are quite low (from 0.9 pips for Standard accounts and from 0.28 pips for Pro accounts with commission per lot traded) and the level of leverage varies depending on the country of the trader and the instrument chosen to trade.
XTB Trading Platforms
XTB currently offers the following trading platforms:
It is a powerful and online trading platform, accessible from anywhere with a web browser and without the need for download. XStation’s functionalities are superior to most online platforms: order execution is fast and you can operate directly from charts, use technical analysis indicators, oscillators and other instruments to make your trading decisions, access news and analysis of the market and perform a complete customization of the interface.
xStation for mobile devices
XTB also offers an APP of its xStation platform for mobile phones and another APP for tablets in both cases with Android operating system. It is available for download on Google Play. You can manage and control your operations from anywhere with your mobile phone and also access graphs and analysis tools. The interface is adapted so that you can operate from the mobile or tablet with maximum simplicity and comfort. It has also recently launched an APP for smartwatches with IOS and Android systems.
MetaTrader 4 is the classic trading platform currently used by most traders worldwide. XTB also offers it to you just like most online brokers do. MetaTrader is a complete and intuitive platform in which both beginners and experts can develop their trading with everything they need: powerful charts, a good catalog of indicators and the possibility of using and developing scripts and automatic trading systems (expert advisors) that will They will allow you to automatically execute your operations according to the programming of conditions that you have defined.
XTB Reliability.. Is XTB legit or Scam?
The XTB broker is currently considered a reliable broker and most of the opinions we have found are positive .
The current XTB broker was founded in 2002 under the name X-Trade Brokers. It started in the Polish market and has recently been expanding internationally. Today it has clients around the world and offices in 14 countries such as the United Kingdom, Spain, Germany, France, Uruguay, …
XTB Limited is authorized and regulated by the FCA , the Financial Conduct Authority of the United Kingdom and complies with the European MiFID directive that ensures the protection of investors , the security of their funds and the adequate marketing and transparency of their financial products.
It is also regulated in other countries such as Spain by the CNMV , the National Commission of the Stock Market. For Latin America it operates through XTB International Limited is authorized and Regulated by the Belize International Financial Services Commission (IFSC) license number IFSC / 60/413 / TS / 17.
As for the deposits and withdrawals of funds they are quite agile and you can make them by bank transfer (slower), by credit / debit card or through electronic payment methods such as PayPal, Skrill or Neteller.
One of the advantages of this broker compared to its competitors is the customer support they offer through various means such as telephone (with dedicated numbers by country and language), mail or online chat. Each XTB client has a personal account executive assigned to assist them and resolve any questions that may arise.
It also invests a lot of resources in preparing training material, seminars, analysis, …
XTB Trading Accounts
The XTB broker offers several trading accounts such as
Standard accounts with floating spreads from 0.9 pips and without commissions to operate in Forex, indices or commodities (for stocks it applies a commission from 0.08%).
Also, the Pro account with STP execution (Straight Through Processing) and direct access to the market obtaining the best spreads available at all times (from 0.28 pips) and with commission per lot operated. It also offers a “Basic” account with fixed spreads (from 1.6 pips).
In addition to the previous trading accounts, XTB also offers a free demo account with which you can test their trading platforms and trading conditions without putting your money at risk. The disadvantage that we see of this demo account is that it is not unlimited in time but is only available for 4 weeks.
XTB Main features
Online broker type Forex and CFDs broker
Headquarters London, United Kingdom
License and regulation
FCA, CNMV and IFSC
Available instruments More than 3,000 instruments such as Forex currencies, cryptocurrencies, commodity CFDs, stock and index CFDs, ETFs CFDs, stocks and spot ETFs (Spain only), …
Platforms available Own Webtrader (xStation 5), MetaTrader 4, Mobile Versions (iOS and Android)
Initial minimum deposit € 0 / $
Excellent 24 hour customer service . More than 3000 instruments to operate. Free webinars.
NEW: Discover the tutorial we have prepared on the XTB broker . You can learn step by step , with screenshots, how your trading platform is managed , the available tools and how to open, control, edit and close positions with this online broker.TUTORIAL BROKER XTB
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