Broker Reviews
XTB Demo Account Review | Must Read | – Best Forex Demo
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XTB Demo Account Review
XTB is a well-trusted multi-asset broker and is regulated by several major regulatory entities, XTB provides a well-rounded, competitive trading experience., customer service and xStation 5 are the broker’s two standout highlights.
XTB Licenses: XTB Limited
– authorized by FCA (UK) registration no. 522157
XTB Limited – authorized by KNF (Poland)
X-Trade Brokers – XTB Review
- Leverage: 1:30
- Regulation: FCA
- Min. Deposit: 250 US$
- HQ: UK
- Platforms: MT4, xStation 5
- Found in: 2002
What and who is XTB?
XTB is a trusted UK and European industry-leading brokerage offering online trade alternatives, through its head office in Poland and London (UK). XTB broker was actually the first firm which introduced forex trading in Poland and now started to be 4th listed greatest stock exchange company.
XTB being European established brokerage accordingly follows and holds necessary registrations and regulations. The UK registered XTB company is regulated by the biggest supervision authority the Financial Conduct Authority (FCA), is also regulated by KNF, and CMB.
Considering a strong reputation and sharpest guidelines of the regulation, XTB offers a secure trading environment.
What can you trade with XTB?
the XTB brokerage and trading service offering includes a wide selection of a large range of global markets with over 1500 different financial assets, including Cryptocurrencies, Forex, Indices, Commodities, Equity CFD, ETFs.
the Crypto trading includes trade on Bitcoin, Ethereum, Dash, Ripple or Litecoin by CFDs on 24/7 basis, with no requirement to hold a crypto-wallet. The leverage they offer for trading these instruments is till 1:5 and also the swaps are quite cheap – long 0.08% a day, short 0.04% a day and spread calculated only by 1% from target.
Their comprehensive educational program develops skills and knowledge for trading in general and goes deeper into the materials when you are ready, altogether is a good academy.
The academy holds video tutorials and guides, online webinars and live market analysis, community of minded traders – XTB’s Trading Club, one-to-one mentoring and development managers.
XTB Trading Platforms
XTB uses xStation5, which been recognized as an efficient choice and gained multiple awards for total trade transparency, real-time commentary, execution speeds and very comprehensive charting package.
The platform is fully customizable and very fast, including useful tools like calculators, advanced charts, trader statistics, bulk order closing, traders talk and progressive technical analysis. All settings, watch lists and workspaces are accessible from desktop, smartphone, laptop, tablet and even smartwatch.
XTB platform includes also a useful Market sentiment and displays the current situation of selling or buying trend of each market, as well as Top mover showing which markets gaining or losing. Another addition equity screener that filters stocks and searching for new opportunities.
XTB MT4 platform, however, XTB enhanced features by fast, reliable trade execution, multi-asset coverage, No dealing desk execution, no requotes and all supported by Expert Advisors.
XTB Leverage
Being a European based broker, the XTB does not offer high leverage ratios recently due to the updates from the EU regulation ESMA. The traders may use a maximum of 1:30 level towards Forex instruments, 1:5 towards Stocks and even lower to some additional assets. Nevertheless, these restrictions are definitely done to protect trading orders and accounts themselves, as the higher leverage ratios may impose a significant risk for any trader towards money loss. Thus, 1:30 is still a good level to maintain potentially successful trading, yet with lower risks involved.
XTB Deposits and Withdrawals
There are several ways to deposit funds into the trading account, which includes the most popular and secure payment methods.
As for the minimum deposit amount, the XTB set a minimum deposit of 250 US$ to start, while active traders and PRO accounts may require a higher balances in order to cover all necessary margins.
Conclusion on XTB
XTB as a multi-asset broker provides a well-balanced trading experience while regulated in several major regulatory entities, hence considered a reliable broker. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards. Being a client of XTB you will enjoy the benefits of a long-term relationship that building durable cooperation with active traders as one of the company main objectives. As a whole, XTB’s offers more than usual brokers do and that’s for sure worth clients note.