Industry News
XTB CFD and Forex broker review
XTB is a leading CFD and forex broker, offering over 1500 instruments to trade-in. It was founded in 2002 as X-Trade which merged with XTB to form a single entity in 2004 and is headquartered in London and Warsaw. XTB is regulated by the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority…


XTB is a leading CFD and forex broker, offering over 1500 instruments to trade-in. It was founded in 2002 as X-Trade which merged with XTB to form a single entity in 2004 and is headquartered in London and Warsaw. XTB is regulated by the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF) and other leading financial regulators.
Since it is regulated in one Tier-1 jurisdiction, it can be considered to be a low-risk, broker for trading in Forex and CFDs. It is one of the largest stock exchange-listed brokers and has offices in over 13 countries. These include countries like the UK, Germany, Poland, France, Chile and Spain etc.
Table of Contents
Platforms
XTB offers two platforms to trade on: xStation 5, and the more traditional MT4, from which you can trade in forex, indices, commodities, stock CFD’s, ETF CFD’s and cryptocurrencies:
Forex: Offers over 50 pair of currencies including all the major currencies.
Shares: Over 1500 shares of companies operating in countries such as the United States, United Kingdom, Poland, Portugal, Spain, Switzerland, France and Finland etc.
Indices: Offers indices trading in over 20 major global indices
Commodities: Major commodities available for trading include wheat, copper, coffee, Aluminium, Nickle, Oil, Platinum, Silver, gold etc.
Cryptocurrencies: Major cryptocurrencies include Bitcoin, Litecoin, Ripple, Dash, Ethereum and other
ETF: Option to speculate in ETF
In terms of account type, XTB keeps it simple by offering just type of accounts with fee structure being the primary differentiator between the two.
The standard account has a marked-up spread at 0.35 while the Pro account offers lower spreads at 0.28 though it has commission starting at $3.5 per lot on forex, indices, commodities and crypto.
Both the Standard and the Pro account offers all the trading instruments available on XTB.
It also offers an Islamic account with similar spreads like the Pro account but has a fixed commission of $10 per lot. The Islamic account also doesn’t have an option to trade cryptos. This is open for international customers and doesn’t levy swap fee.
XTB does offer a free demo account for a trial run with virtual currency, though this account is only available for a limited time of 30 days from the signup. After giving a spin to the platform you can sign up for XTB in case you feel that the platform fulfills your requirements as an investor.
Account funding
You can fund your account in multiple ways like bank transfer, MasterCard, Visa, PayPal, Paysafecard, Maestro, Neteller, and Skrill. XTB accepts payments made in EUR, USD, GBP, and HUF. E-Wallet payments made using PayPal or Skrill are processed the same day, however, they attract a transaction charge of 2%. Bank transfers may take up to 3 days to show up in your account. At the time of signing up, traders need to fund the account with a minimum £/ $/€ 250 while signing up. Similar to most transactions, there are no charges for withdrawal as well.
Resources
XTB’s website has an investors education section which is helpful and free for all users. The material here can be found in the form of videos and articles which can be extremely helpful for users who’re just starting up to intermediate level traders.
First-time traders can use the step-by-step guide which covers most of the basics about trading and even advanced concepts such as different trading strategies that offer tips about risk management. Key topics like different regulations, how to operate the account etc can be found under the FAQ section.
Website and app
The web application offered by XTB, xStation5, is a custom dashboard which offers most common features like menu, charts, watchlists, and notifications etc. which can be found on any typical online trading platform. This makes it easy to navigate and understand. Regular functions like entering a trade, creating a watchlist & tracking it, as well as modifying the charts is easy as the platform is fairly responsive. It loads data swiftly and the tools like heatmaps or screening tool offered information as and when required.
Additionally, it also offers the standard MetaTrader 4 platform which comes with an option to create custom indicators. MT4 is most commonly used by Forex traders as most brokers use this as their core trading platform.
The mobile app experience is mostly similar to the desktop experience. Both the platforms – xStation 5 and MT4 are available on the mobile app as well. The app comes with a modern design and is intuitive to use. It allows you to access important information like account details, trading instruments, charts, order types etc. in a glance. You can also set a number of alerts including price and other important notifications right in the app. The app is also available for the Apple Watch.
Support
XTB offers multichannel support via live chat, phone, or email.
XTB also provides support in many languages such as English, Spanish, Arabic, French, Italian, Portuguese, Russian, Chinese, German, Polish, Czech, Slovak, Hungarian and Romanian.
Email support can be a little slow at times, however, phone support can be rated as excellent. Important and frequently asked information can be accessed easily on the website. You can even reach out to them via their social media handles on Twitter or Facebook.
Final verdict
The XTB platform is designed to suit all types of traders. The custom platform offers the most features in an intuitive manner while MT4 is also available for traders who prefer the more standard platform. While its overall costs are lower than its competitors, its offerings are slightly limited. For fast and easy signup and free transaction, XTB is a contender platform for new users.
Daily Financial News
What is the best crypto wallet ?


What is the best crypto wallet: a hardware wallet, a software wallet, or a mobile wallet?
In the early stages of learning how to use Bitcoin, the security question arises: how to ensure your coins remain in your possession? Only by generating and storing keys in a way that can be verified can you be certain. It is impossible to be sure no one else has a copy of your keys unless you know they were created properly and stored offline.
Hardware wallets create your keys offline using a random number generator, so they cannot be logged. Additionally, the keys are kept permanently offline, so they cannot be accidentally shared on a network.
In software wallets and mobile wallets, random number generators are often built into the device the wallet is installed on. Since they use inputs like the current time to calculate randomness, they are difficult to verify and generally not secure. Even if your device generates randomness in a secure manner, host the resulting keys on a networked device, and an attacker can extract, view, or intercept them at any time.
It is transparent to verify that open-source hardware wallets create and store randomness securely, and that your keys are kept offline while being protected from threats like phishing. It is different in the case of open-source Bitcoin wallet though.
In addition to protecting against other vulnerabilities, hardware wallets resolve new attacks both progressively and reactively among security researchers. Supporting bug bounty programs ensures that all types of security issues are regularly checked.
Stay more secure everywhere
Hardware wallets have set a new standard for universal cybersecurity, as we discussed above. According to speculators, the future of the internet – dubbed Web3 – will rely on cryptographically secure keys backed up physically. In the cryptosphere, as well as in everyday business, e-commerce, and social media, hardware wallets are essential.
Your assets and identity are both protected offline when you use a hardware wallet for authentication, so there is no counterparty risk.
As a result of forgetting passwords and changing authenticator devices, security has long relied on third parties. Using the open recovery seed standard, users can backup their accounts safely without relying on a third party and recover accounts from any compatible device. Using Shamir backup, the recovery seed is split into multiple equal parts for stronger security.
Keeping in mind that not just crypto can be targeted is important. Similarly, your data can be leaked, resulting in phishing attacks, hostage situations, or compromised devices arriving by mail.
It has become easier and more affordable for everyone to have verifiable security thanks to hardware wallets.
The base layer of crypto security is hardware wallets
By bridging the digital and physical worlds, hardware wallets create digital keys offline and keep them safe. Crypto assets can be controlled with the keys in many ways, such as two-factor authentication, digital signatures, or two-factor authentication.
With open standards, you can ensure the same level of security across any app you use. As a result, dozens of hardware wallet manufacturers have appeared around the world, accelerating the adoption of crypto security and ensuring standards are maintained to ensure your coins remain yours regardless of wallet.
Industry News
School4Trading Review – How to Spot Possible Forex Broker Fraud
School4Trading Review – How to Spot Possible Forex Broker Fraud
In this School4trading Review, we will look at the features of the software, as well as the customer support. First, let us look at the interface. The design is simple and easy to navigate. It also provides a chatbot, which helps you to communicate with the broker. The customer service is warm and inviting, which is a hallmark of a good broker. In contrast, a fraudulent broker will use cold and impersonal customer support to lure people in.
Another problem with the system is that the login process is not always intuitive. You may have to retype your password several times to get in. Then, you may experience difficulties withdrawing your funds or accessing your account. In such cases, you might have to wait for days or even weeks before you can withdraw the money you’ve invested. This is not a good sign. It’s better to choose a different trading platform altogether.
If you’re having trouble logging in, you should also check the legitimacy of the broker. Whether the broker is licensed by a reliable regulatory body or closed down, you’ll want to be sure it’s legitimate. If the broker isn’t licensed by the right body, don’t trust him. You shouldn’t waste your time with an inexperienced company. This will only cause you problems in the long run.
The next factor that should be checked is the licensing. A legitimate broker will have a license from a high regulatory body. However, a broker without a license will be unreliable. Moreover, a reliable regulator will take away the license of a scam broker. As a result, a trustworthy School4Broker/Profittrade review should mention fees, account rules, and contract terms. A scam broker will be unable to operate legally.
Secondly, look for warning signs. The broker should be licensed and regulated by a reliable regulatory body. It should be regulated by a high level. If it doesn’t, it’s a scam. Lastly, it should have a website that lets you easily access your account. Moreover, you should not hesitate to check the contact information. If you find any information that seems suspicious, you should reconsider using the broker.
In summary, Forex trading isn’t easy, but it doesn’t have to be complicated. It’s not as difficult as it seems if you’ve heard about the program. You’ll learn everything about the basics and how to become a professional. But if you’re still unsure about whether this program is right for you, don’t hesitate to contact a school4trading’s website.
The most important thing to remember when it comes to Forex trading is that it’s not easy. While it’s important to have a strong background in trading, there are a number of factors that can affect your success. Having a proper plan is vital in the long run, because you will be trading with real money. And, the platform should be reliable. Otherwise, you’ll end up losing a lot of money.
As we’ve mentioned, Forex is not easy. Investing isn’t something you can do in the comfort of your own home. You need a proven system. There are no free trials, so you’ll have to find a way to do it yourself. This isn’t a scam, and it’s a great way to make money without any help. A Forex system can help you learn the intricacies of the market.
Although the process of learning Forex isn’t an easy one, it’s certainly not impossible. Fortunately, there are many people who are willing to take the time to learn how to trade. But, even the most experienced trader needs to be aware of the risks of the market. While Forex trading isn’t easy, it can be done with the right knowledge. The software’s user-friendly interface is key.
Daily Financial News
Don’t Count On JPY Correction; Staying Long GBP/JPY


The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.
While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.
Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.
Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.
JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects
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