XTB

The Company

XTB also known as XTrade Brokers is the most reputable Forex broker across Central as well as Eastern Europe, providing online trading on more than 1500 instruments that include shares, forex, indices ETFs, commodities, and more using two platforms for trading – its own xStation and the ever-popular MetaTrader 4.It operates in 15 different countries across Europe, South America and Asia.

The company behind the XTB brand lies XTB Limited based in the UK. It is a and FCA-regulated affiliate that is part of XTB Group. Other subsidiaries are also regulated by Poland’s financial supervisory commission (KNF).

Security of Funds

XTB Ltd. is a company that operates as a trading company under the brand name XTB, is authorized and regulated by the UK Financial Conduct Authority (FCA). As a UK-based broker, XTB is required to comply with strict regulations and the highest standards of regulation.

In order to obtain an official license by the UK financial surveillance agency, brokers need to prove their financial stability. They have to have a minimum balance of EUR730 000 to carry out their business legally. A similar minimum requirement for capital are in place in other jurisdictions, as for instance , brokers in Australia are required to have at minimum $ 1 million.

Regulation by FCA is also a way to provide additional security for clients’ funds because they are under the supervision under the Financial Services Compensation Scheme (FSCS) in which the maximum amount of compensation is PS50,000 for each person in the event of a broker becoming insolvent.

If you’re curious, you could find additional brokerages that are FCA-certified.

In May, XTB went public by debuting on the Warsaw Stock Exchange (WSE:XTB) that adds further clarity to the business’s model as well as its finances.

Trading Conditions

Minimum initial deposit

XTB will require a $250 initial deposit to open an account that is live. This is a typical.

Average Spreads & Commissions

The broker has variable and fixed spreads. Fixed spreads are offered for the account Basic and are equivalent up to 2.0 pips on EUR/USD which is the average. In terms of the variable spreads those offered in the Pro account can be at a minimum of 0.3 pip on EUR/USD however, they charge a commission of 2.5 GBP/3.5 EUR 4 USD/1400 HUF for each quantity (per portion). There is no commission payable on the Basic and Standard accounts.

For comparison, FxPro offers an average spread of 1.4 pip on the EUR/USD exchange rate for its commission-free accounts. It also offers average spreads as small as 0.4 pip on the EUR/USD currency for its cTrader accounts. The cost is $4.5 for a standard amount.

You can look up the real-time spreads from 15 top brokerages on this page.

Maximum Leverage

The maximum leverage offered by XTB is determined by the instrument traded

– Forex Leverage up to 1:200;

Indexes that leverage as high as 1:133

– Commodities leveraged up to 1:66;

Shares and ETFs Leverage of up to 1:10.

Overall an leverage limit of 1:200 is considered to be the an average market leverage However, some traders might prefer to trade but with less leverage.

Other brokers that are FCA-regulated, such as HY Markets have leverage levels as high as 1:300. XM provides leverage that go up to 1:888. However, traders must be aware that high leverage ratios might not just allow them to trade more while using lesser, they can also cause them lose more than what they initially invested.

You can search for an index of additional forex brokers who offer leverage that is greater than or equal to 1:500.

Trading Platforms

Customers of XTB can choose from a selection between two platforms for trading: the own xStation as well as the world-renowned MetaTrader 4, both available in desktop, web and mobile versions.

xStation is a user-friendly and fully-customizable platform that is fitted with a sophisticated trading calculator (instantly the possible loss or gain and thereby allowing better informed decisions in trading). Investors may appreciate more the two other functions of the platform, including one-click dealing and the ability to trade directly from charts.

Furthermore, XTB offers the most popular trade platform MetaTrader 4. It lets users fully automate trades with Expert Advisors (EA) and let the program handle everything. This is among the main reasons why MT4 is the preferred choice of traders. In addition it comes with a broad variety in technical indicator types, an extensive back-testing facility and an advanced charting software. Below is the list of other forex brokers that offer MT4 platform.

Risk Management Options

Since CFDs are leveraged instruments and are a source of risk and loss that can surpass the deposit of traders, XTB provides guaranteed stop losses for an account called Basic.

The broker stated on its website that it promises that stop-loss orders will be processed at the cost requested and without cost regardless of slippage.

Bonuses, Rebates, Promotions

XTB provides a range of special offers for its customers:

It is the loyalty program that gives traders the chance to earn cashback with every completed

Up as PS2.60 in cashback per lot.

— Monthly interest-paying cash traders can earn as much as 1.1 percent on their cash balances each month, based on the quantity of trades.

– Refer friend bonus when the trader refers a friend and the latter then opens an account in real time and makes at least 10-round lots both have the right to PS40.

Methods of Payment

This broker can provide its customers using the following payment options including credit/debit card transfer, bank transfer (Mastercard, Maestro, Visa) and electronic-wallets (Paypal, Skrill, Neteller).

Conclusion

XTB is a secure and reliable broker, providing trading across a variety of CFDs via both its own xStation and the well-known MT4.