XTB Review – is XTB Scam or Legit Broker?

XTB

2.4

Rating

2.4/5

Pros

  • Fully Licensed in Multiple Jurisdictions
  • xStation5 along with MT4
  • Segregated Accounts
  • 1:200 Leverage
  • Highly Responsive Customer Support

Cons

  • External Searches May Be Required to Platform Features
  • Registration Needed to Use the Demo Trading Account
  • High Minimum Deposit of 250

XTB trading since XTB International Limited is fully licensed and regulated by the International Financial Services Commission (IFSC) of Belize. The business is owned and run by the XTB Group that comprises Spanish, UK and Polish businesses. Among the greatest providers of Forex Currency trading solutions, XTB is trusted by customers over the UK. This provider was in operation for 14 years and now is among those standing Forex brokers. Currently, XTB has offices in France, Germany, Spain, Poland, Belize, and also the UK. It’s also fully licensed and regulated to offer Forex trading based on multiple Imperial authorities such as the CMB, CNMV, and also the KNF.

Overview/ desktop

XTB is a multi-award-winning Forex broker. Back in 2002, X-Trade has been incorporated while the before all else supervised FX brokerage in Poland. From 2004, X-Trade united with XTB in Poland. The Polish Financial Supervision Authority (KNF) licensed XTB in 2005. From 2007, the Corporation started a Forex branch in the Czech Republic and combined the Warsaw Stock Exchange in a similar year. Fast-forward into 2008. XTB opened offices in Slovakia, Romania, Germany, and Spain and also the firm began to eventually become called XTB Online Trading. From 2010, added divisions have been opened from Portugal, Hungary, France, and Italy, together with permits issued for Bulgaria, Sweden, Belgium, Greece, the Netherlands and Austria. UK offices were first created this season, and also the provider inked a deal with Mads Mickelson to function as an organization new ambassador. In 2016, X-Trade Brokers was recorded on the Warsaw Stock Exchange.

Account Types

XTB offers several kinds of accounts for Forex traders inside the UK. These Add a Basic Account, a Standard Account, and also a Pro Account.

Basic account – instant executions, CFD trading, absolutely free account setup, completely free account direction, maximum leverage of 1:200, minimum spread of 2.0, along with Forex, commodities, indices, stocks and ETFs are readily available. The fundamental account also supplies limit and stop orders, fully guaranteed stop-loss orders, even 30% gross stop from amount, and also commission on stocks trading out as few as 0.08 percent. The minimum deposit is 250 and there isn’t any automated trading within these accounts.

Standard consideration – drifting spreads are centered on store executions, also now there are CFDs out there for trade with completely free account setup, completely free account direction and also the highest leverage of 1:200. The minimum disperse is 0.35 and most of 4 share categories are found for example ETFs. Stop and limit orders are all available, and also the perimeter stop outside amount is 30 percent.commission on stocks trading begins at 0.08 percent, and also the deposit is currently 250. Automated trading features are all readily available.

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The Pro accounts – the Pro accounts are predicated on store spreads with store implementation types. It’s really a CFD store with absolutely free account put up and totally free accounts administration. The maximum leverage is 1:200 and the minimum spread of 0.28. Forex, indices, commodities, stocks, and also ETFs are offered for trade. There are limit and stop orders readily available, and also the perimeter stop outside the flat is 30 percent.commission for stocks trading is 0.08% and the minimum first deposit is 250

XTBs booklet defines XTB accounts at the next way:

‘… An account that you hold with XTB which enables you to trade either equity CFDs, ETFs, CFDs, CFDs options or other derivatives. All accounts have separate account numbers. Note that depending on the type of offers available on the particular store that XTB is offering its services you will be able to choose one or more of particular accounts offered by XTB on the basis of the compliance. Details of the offer are found on the XTB website. You should acquaint yourself with the particular accounts available before applying for the account. You are hereby made aware that XTB reserves itself the right at its sole discretion to refrain from signing an compliance with you are opening a particular account for you for any argumentation. ‘

Trading Platform/ applications

XTB online trading comprises MetaTrader 4 and also the proprietary xStation5 trading platforms. All trading programs is found tablet computer, smartphone along with smart-watch. In 2016, XTB won the Online Personal Wealth Awards Prize for Best Trading Platform. The trading platforms offer you comprehensive charting features, accelerated implementation of trades, instinctive features and respective trading tools. The trading platform and applications – specially xStation 5 provides innovative trading calculators to find out profit/loss figures dependent on good size, prevent loss/limit orders . Advanced charting centers, trader analytics, trader discussion, majority order closure, and also technical investigation are all readily available.

For brand new traders, there’s always the option of secure demo trading about xStation 5. That is readily available for four weeks and customers will receive $100,000 in virtual capital to trade assets, indices, commodities, currencies, and ETFs under real store requirements. The demonstration trading accounts require customers to enroll by replying to their email and agreeing with the terms and requirements. One of the countless profits of this free demo account includes 1,500 stocks, commodities, Forex, indices and CFD marketplaces, 5 cryptocurrency trading options, tight spreads beginning at 0.2 pips, and also leverage as large as 200:1 are readily available. Customer care is available 24/7 in the middle Sunday and Friday.

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MetaTrader 4

MetaTrader 4, or MT4 is an effective trading platform on the desktop computer, smartphone and tablet. It’s a popular trading platform for Forex customers, also packs a punch concerning resources, functionality, and trading implementation. Together with MT4, customers may enjoy a Forex group up, replete with add ons and other advanced capabilities. XTB was clearly one of those first adopters of all MetaTrader 4, also it’s now optimized this trading platform to satisfy client expectations. One of the numerous distinctive features available with MT4 are specifying entry points and exit points, putting simply take benefit preventing loss, and 1-click coping systems. The cellular trading program using MT4 is targeted towards obtaining financial devices everywhere, anywhere. Traders may also examine various approaches and strategies under real store conditions across various share types. Yet another important feature of the trading system would be EAs (professional advisors) also, There’s automated trading performance, together with all the MQL4 network of traders

Deposit options

A vast assortment of deposit options is now currently available in XTB. These contain banking transfer, MasterCard, Maestro, Visa, PayPal, and Skrill. GBP Upgrades might be processed over precisely the similarly day in the event the deal petition is set up by 1 PM GMT. Be informed there are commissions and fees related to various deposit and withdrawal options. While credit transfers and credit cards are all liberated, E-Wallets like PayPal and Skrill on average take 2 percent of your deposit amount for being a fee/commission.

Markets

XTB provides a vast array of marketplaces to customers, including around 1,500 fiscal tools. These pay the broad selection of tools including 50 money pairs, including 20 indices, 1500 worldwide stocks, crude petroleum, silver, gold, and a number of exchange-traded funds. Samples of hot Forex trading options incorporate big pairs, modest pairs, and also exotic money pairs together with leverage of 200:1 or even 0.5% margin demand. There’s negative balance security, zero records and store implementation available. The Forex tools comprise these: GBP/USD, EUR/USD, USD/PLN, USD/CHF, USD/JPY, AUD/USD, USD/CAD, NZD/USD, EUR/JPY and many others. These are able to be traded on both of the trading programs – xStation5 or even MetaTrader 4.

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Bonuses

XTB is one of a couple of brokers that offers customers advantages. Traders can make money back on every trade, also you’re able to enjoy up to 600 in friend referral bonuses and 600 to your known friend. Each of the rewards/promotional offers is found underneath the devotion rewards page in XTB.

Customer Support

Perhaps the quickest solution to obtain in contact with support as of this Forex broker would be always to just click on the live chat button at the bottom right of this screen. Customers are expected to put in a name and surname, email address, name of this message, and just enter the query, comment or query. You will find numerous additional touch options available to customers, such as the next:

  • A Land-based Address at the United Kingdom – Level 3 4 Inch Canada Sq., Canary Wharf E145 AA London UK
  • Telephone Numbers – 44-203-695-3085 or 24/5 service at 44-203-695-3086
  • Email – [emailprotected]

There are yet another 1-2 offices across the world, such as the Czech Republic, Hungary, Turkey, Italy, LAT, global, Deutschland, Poland, Portugal, Slovakia, France, Romania, China, and Spain. Customers may also obtain in contact with XTB via societal media marketing with YouTube, Twitter and Facebook.

Safety

XTB Limited places importance on security and safety. Therefore, this FCA regulated broker contains rules vis-vis client currency security. Client funds are kept in segregated accounts and also are shielded by the Financial Services Compensation Scheme as much as 50,000 each client. A case of bankruptcy, XTB customers are ensured of a payout. There are quite a few other security features set up like identity verification tests, orientation together with all the security protocols of additional regulatory agencies like the Polish Financial Supervision Authority (KNF). Firewall security and advanced level secure socket layer encryption technology guarantees that the ethics of trader balances at constantly.

Ease of Use

XTB does a nice job of supplying a simple trading platform for all customers. The 3 horizontal lines at the upper of this screen provide immediate access to plenty of features. Included in these are trading solutions, store investigation, educational elements, residue, customer service etc. It’s not hard to establish a demo trading accounts to trade for real money at XTB.

Final Thoughts

XTB an extremely recognized Forex brokerage. It includes lots of major, exotic and minor money pairs, together with competitive spreads, generous leverage, along with promotional supplies.

Internet Site:
www.xtb.com
Telephone:
44-203-695-3085
Legislation:
FCA
Pairs provided:
Majors, Minors, Exotic pairs
Minimum Deposit:
$250
Spreads From:
2 PIPs
Max Leverage:
200:1
Markets:
Forex, commodities, indices, Crypto Currency, ETFs, stocks