XTB Review
Table of Contents
1. About XTB review
XTB review was made with all the information that is available online by the broker. XTB is a multi-asset broker that offers online trading services to traders and investors globally. The broker provides access to a variety of financial markets, including forex, indices, commodities, stocks, and ETFs, through its award-winning trading platform, xStation.
XTB was founded in 2002 and is regulated by several financial regulatory authorities, including the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF). The broker also has offices in over ten countries, including the UK, Poland, Spain, Germany, and France.
XTB offers competitive pricing and low spreads
XTB is a reputable broker that provides traders with a range of trading instruments, competitive pricing, and advanced trading tools
But let’s dive-in in a most detailed XTB review
2. XTB Review in a nutshell
| Regulation | FCA, CySEC, FSC, KNF, CNMV, BaFin, FSA, FMA, NBS |
| Foundation year | 2002 |
| Headquarters | Poland |
| Trading Platforms | xStation 5, xStation mobile, MT4 |
| Max Leverage | 1:20 (Cy) , 1:500 (international) |
| Min Deposit | N/A |
| Deposit Options | Bank transfers, credit/debit cards, PayPal, Skrill, and Neteller. |
| Website Languages | English, French, German, Italian, Spanish, Vietnamese, Korean, Chinese, Arabic, Polish, Czech +others |
| Support | 24/5 |
| Products | CFDs on Forex, Indices, Commodities, ETFs, Shares, Crypto |
| Demo account | Yes |
| Education | Yes |
3. Regulations
Financial Conduct Authority (FCA) in the UK: 522157
Polish Financial Supervision Authority (KNF): DDP-003/362/17
Cyprus Securities and Exchange Commission (CySEC): 169/12
Spanish National Securities Market Commission (CNMV): 40
Federal Financial Supervisory Authority (BaFin) in Germany: 131053
Financial Supervision Authority (FSA) in Sweden: 16-7488
Financial Markets Authority (FMA) in Austria: 491139z
National Bank of Slovakia (NBS): 2731/2015
4. Trading Products
In our XTB review we will see what XTB offers in products for trading. that wil be more than 2100 instruments.
Forex, Indices, Commodities, stocks, ETFs and Cryptos. Depending on your country of residence, there are several differences in the conditions of trading ( spreads, leverage, available products etc)
| Product | Options | Leverage (up to) | Spreads from |
|---|---|---|---|
| Forex | 50+ pairs | 1:30 (Cy), 1:200 (international) | 0.1 pips |
| CFDs on indices | 35+ indices | 1:20 (Cy) , 1:500 (international) | 0.004 |
| CFDs on Commodities | 20+ commodities | 1:10 (Cy), 1:500 (international) | 0.007 |
| CFDs on Stocks | 2100+ | 1:5 (Cy), 1:10 international | Low commission |
| CFDs on ETFs | 60 | 1:10 ( international) | Low commission |
| CFDs on Cryptos | 10+ | 1:2 (Cy) | Low spreads |
5. Accounts
Basic Account: This account is suitable for beginners and has no minimum deposit requirement. It offers fixed spreads, limited trading instruments, and basic trading tools.
Standard Account: This account requires a minimum deposit of $250 and offers variable spreads, a wider range of trading instruments, and access to more advanced trading tools.
Pro Account: This account requires a minimum deposit of $1,000 and offers the lowest spreads, the most trading instruments, and access to the most advanced trading tools. It also offers a dedicated account manager and access to XTB’s VIP program.
The main differences we noticed in this XTB review between the accounts are the minimum deposit requirements, the type of spreads offered, the number of trading instruments available, and the level of access to advanced trading tools and features. The higher-tier accounts offer more benefits and more advanced features, but also require a higher minimum deposit.
For more on the accounts you can visit their website
6. Trading Platforms
xStation
XStation: A Powerful Trading Platform for Traders of All Levels
XStation is a popular trading platform offered by XTB, a leading online brokerage firm. Designed to meet the needs of traders of all levels, from beginners to experienced professionals, XStation offers a powerful and intuitive interface that makes trading more efficient, accurate, and profitable.
Our XTB Reviewer highlighted that one of the key features of XStation is its user-friendly interface, which provides traders with all the tools and information they need to make informed trading decisions. The platform offers a wide range of customizable charts, technical indicators, and analytical tools that allow traders to analyze market trends and identify profitable trading opportunities. With XStation, traders can access real-time market data, news, and analysis, which helps them stay on top of market developments and make more informed trading decisions.
Another key feature from our XTB reviewer of XStation is its advanced order management system, which allows traders to set up and manage orders quickly and easily. The platform supports a wide range of order types, including market orders, limit orders, stop-loss orders, and trailing stop orders, which gives traders greater flexibility and control over their trades. The platform also offers one-click trading, which allows traders to enter and exit trades quickly and efficiently.
In addition to its powerful trading tools and features, XStation also offers a range of educational resources that are designed to help traders improve their skills and knowledge. The platform offers access to webinars, trading tutorials, and other educational materials that can help traders develop their trading strategies and improve their performance.
XStation is available on multiple devices, including desktops, laptops, smartphones, and tablets, which makes it easy for traders to access the platform from anywhere and at any time. The platform is also available in multiple languages, which makes it accessible to traders from around the world.
Overall, XStation is a powerful and versatile trading platform that offers traders of all levels the tools, features, and resources they need to succeed in the global financial markets. Whether you are a beginner or an experienced trader, XStation can help you achieve your trading goals and take your trading to the next level.
7. Education / Tools
By the time of making this XTB review we couldn’t find any impressive educaitonal material. You can find articles around trading topics on their blog. It is probably not the best when you are looking for something specific or if you are new and don’t know how to get into trading. but it has some good articles that you could read and some topics to explore.
There is also a section about market news price tables and i economic calendar that you could use to help with your trading.
8. Why XTB
Well, fomr this XTB review you can deduce that XTB is a leading online brokerage firm that provides access to a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. XTB has grown to become one of the largest and most respected brokers in the world, with offices in over 13 countries and a client base of over 200,000 traders.
One of the key factors that sets XTB apart from other brokers is its commitment to transparency and trustworthiness. The company is regulated by some of the most reputable financial authorities in the world, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This ensures that the company adheres to strict regulatory standards and provides its clients with a safe and secure trading environment.
XTB also places a strong emphasis on customer service and support. The company offers a range of educational resources and tools that are designed to help traders improve their skills and knowledge. These resources include webinars, trading tutorials, market analysis, and more. XTB also offers a dedicated customer support team that is available 24/5 to answer any questions or concerns that traders may have.
Another key advantage we will highlight in thise XTB review is the range of trading platforms and tools that the company offers. XTB’s trading platforms include the popular xStation 5 and MT4 platforms, which offer a range of advanced trading tools and features. The platforms are also available on multiple devices, including desktops, laptops, smartphones, and tablets, which makes it easy for traders to access their accounts and manage their trades from anywhere.
In addition to its trading platforms, XTB also offers a range of trading tools and features that are designed to help traders make more informed trading decisions. These include access to real-time market data, news, and analysis, as well as a range of technical indicators, charts, and other analytical tools.
Overall, XTB is a well-respected and reliable broker that offers traders a wide range of financial instruments, powerful trading platforms, and helpful educational resources. The company’s commitment to transparency, trustworthiness, and customer service make it a top choice for traders of all levels.
9. Pros and cons
Choosing a broker is an important decision for any trader. So we tried in this XTB review to summarize a few pros and cons:
Pros:
- Regulated and reputable: XTB is regulated by some of the most respected financial authorities in the world, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This ensures that the broker adheres to strict regulatory standards and provides a safe and secure trading environment.
- Wide range of financial instruments: XTB offers access to a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. This provides traders with a range of opportunities to diversify their portfolios and potentially increase their profits.
- Powerful trading platforms: XTB’s trading platforms, including xStation 5 and MT4, offer a range of advanced trading tools and features, as well as customizable charts and indicators. The platforms are also available on multiple devices, making it easy for traders to manage their trades from anywhere.
- Educational resources: XTB offers a range of educational resources, including webinars, trading tutorials, market analysis, and more. These resources are designed to help traders improve their skills and knowledge, and potentially increase their profits.
- Customer support: XTB offers a dedicated customer support team that is available 24/5 to answer any questions or concerns that traders may have. The company places a strong emphasis on customer service and support, which can help traders feel more confident and comfortable when trading.
Cons:
- Limited account types: XTB offers only three account types, which may not provide the flexibility and customization that some traders require.
- Limited payment options: XTB supports a limited range of payment options, which may not be convenient for all traders.
- Limited bonuses and promotions: XTB does not offer many bonuses or promotions compared to some other brokers, which may be a disadvantage for some traders who are looking to increase their profits.
- Limited research tools: While XTB offers access to real-time market data and news, its research tools may not be as advanced as some other brokers.
- Limited customer support languages: While XTB offers customer support in multiple languages, it may not provide support in all languages, which may be a disadvantage for some traders who prefer to communicate in their native language.
Overall, our XTB review shows that XTB is a well-respected broker that offers a range of benefits and advantages, but also has some potential drawbacks to consider. Traders should carefully consider their individual needs and preferences when choosing a broker, and weigh the pros and cons of XTB against those of other brokers in the market.
We hope that you enjoyed reading the XTB review. if you would like to read more reviews please visit our main review page.
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Disclaimer: Please note that reading the XTB review and other brokers reviews is just one of the many tools available to help you make informed decisions when it comes to investing your money. However, it is important to keep in mind that these reviews may be biased or influenced by the XTB reviewer’s personal experiences or interests. It is always advisable to conduct thorough research and consider multiple sources of information before making any investment decisions. Additionally, investing always carries risk and past performance is not a guarantee of future results. As such, please consult with a qualified financial advisor before making any investment decisions.
About the XTB reviewer: He is experienced in the industry but not a professional writer. Doing this XTB review was one of the first writting gigs hopefully one of many.
For any comments on the xtb review / suggestions / fact checking please contact us via email at info@fxcryptoblog.com