XTB Review

Bonus

N/A

Regulation

FCA

Mobile

Yes

Instruments

Forex, indices, commodities, shares, cryptocurrencies, ETF’s and bonds

Website

www.xtb.com
Visit Broker

XTB was founded in 2002, and is a Forex and CFD broker with its headquarters in London. XTB Ltd is authorised and regulated by the FCA (Financial Conduct Authority), and clients funds are protected by the Financial Services Compensation Scheme. We’ve already mentioned they were awarded Best Trading Platform 2016, but there have also been a number of other accolades for this company. With offices in 11 countries around the world, XTB is definitely a force to be reckoned with.

XTB ACCOUNTS ARE DIVIDED INTO TWO TYPES

There are two different account types for XTB clients; Standard and Pro.

Standard account – There is no minimum deposit amount for a standard account (only for UK is $250, £250, or 250 EUR) with a maximum leverage of 1:30. The standard account has floating spreads, with tight target spreads including 0.9 on DE30 (Dax underlying) and EUR/USD CFD, though spreads could go lower than this. The margin stop out level is 50%. Maximum order size for Forex is 50, 15 for indices, and 15 for commodities. There is access to educational events and promotions for free, and the execution of the order is instant.

Pro account – There is no minimum deposit (once again only for UK is 250, in either USD, GBP, or EUR). Market spreads are offered, which means they are the tightest and the minimum spread is 0.2 (note that commissions apply). Maximum order size is much larger at 100 for Forex, indices, and commodities CFDs.
Whatever account a trader chooses to open there is a wide range of assets available for trading. These include 49 major and minor currency pairs CFD, more than 20 precious and base metals CFD, energy and agricultural commodities CFD, 20 stock indices CFD from various countries, equity CFDs, up to 25 Cryptocurrency CFDs (including 9 individual coins and 16 Crypto crosses) and ETF CFDs.

XTB trading platforms include MT4 & xStation (voted Best Trading Platform 2016)

xtb homeMost of the well-known brokers offer MT4 as one of their trading platforms, and that really should be no surprise. It has shown itself to be very versatile, and if a preferred choice for many of today’s traders. However, XTB, have decided to take the trading experience even higher with the addition of their own proprietary platform xStation. We tried out this platform while writing this XTB review and found it to be rather good, due in no small part to its extensive range of functionalities. And it was this revolutionary platform that led to it being voted Best Trading Platform 2016, by Online Personal Wealth Awards. It is claimed that the average trade execution is performed in 85 milliseconds. Quick indeed. And unique to other platforms, the platform also has live performance stats on your trading results, so you know how to improve. It is also really easy to use. We’d be surprised if you have any difficulties, but if you do there are a wide range of video tutorials to help you find your way around.

XTB offers cashback rewards customer loyalty

xtb webinarsXTB currently offers up to 30% Rebate Bonus to attract new customers. Maybe because of their strong brand they have no problems getting clients to sign up for their services. Which we wouldn’t find surprising. But they do reward active and loyal customers with the opportunity to earn cashback on every trade. It’s a great way to make trading more interesting, as the more you trade the more cashback you can earn. It is earned on closed positions and acts as a reward for monthly trading volumes. The amount of cashback depends on how much you trade, but could be as much as £1.80 per lot. Say, for example, you trade 300 lots a month. This level of trading will get you up to £270 in cashback. Take the number up to 600 lots and it could be as much as £840.
And let’s not forget before we finish up, to mention the ‘refer a friend’ program. If you know a friend who might be interested in joining you at XTB, get them to sign up and you could receive up to £600 for yourself, and £600 for your friend – depending on how much your friend trades.
We found the quality of service at XTB to be up there with the best of them. Everything is carried out efficiently, and that includes customer support. There is plenty of free education for beginners such as their weekly Intro to Trading course and Trading Clubs to improve their trading knowledge. But XTB is also recommended for the more experienced and serious trader. XTB are more than capable of meeting both types of trading demands.

XTB TRADING PLATFORMS INCLUDE MT4 & XSTATION (VOTED BEST TRADING PLATFORM 2016)

Most of the well-known brokers offer MT4 as one of their trading platforms, and that really should be no surprise. It has shown itself to be very versatile, and a preferred choice for many of today’s traders.

 

However, XTB, have decided to take the trading experience even higher with the addition of their own proprietary platform xStation. We tried out this platform while writing this XTB review and found it to be rather good, due in no small part to its extensive range of functionalities.

 

And it was this revolutionary platform that led to it being voted Best Trading Platform 2016, by Online Personal Wealth Awards. It is claimed that the average trade execution is performed in 85 milliseconds. Quick indeed. And unique to other platforms, the platform also has live performance stats on your trading results, so you know how to improve. It is also really easy to use.

 

We’d be surprised if you have any difficulties, but if you do there are a wide range of video tutorials to help you find your way around.

We found the quality of service at XTB to be up there with the best of them. Everything is carried out efficiently, and that includes customer support. There is plenty of free education for beginners such as their weekly Intro to Trading course and Trading Clubs to improve their trading knowledge. They also release free ebooks regularly to help traders take advantage of event-driven market movement like how to trade Brexit, US elections etc. XTB is also recommended for the more experienced and serious trader, and are more than capable of meeting both types of trading demands.

Start trading Forex with XTB!

 

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2 comments on “XTB Review”

  1. Ben Haplin says:
    Country & city: London, England
    Rating: .....
    Been trading with XTB for years now. Really happy with them. Ive been with 5 different brokers before (IG, CMC etc) and these guys are far better service wise.
  2. Tim E says:
    Country & city: Surrey
    Rating: .....
    Been trading just shy of 3 yrs, and held 2-3 accounts in that time with CMC & Plus500 etc. XTB definitely holds its own in that regard, with the platform just shading some of the others i've tried. What really stands out for me though is the Masterclasses and Trading Clubs - as far as i'm aware, no other broker really offers this and it's a nice touch. I think they take more care of you compared to some of the other better known brokers. I'd definitely recommend