Xtb Review 2021, User Ratings, Bonus, Demo & More

It is a regular account without any fees in the interest form, followed by the sharia law. Islamic accounts get a $10 commission with spreads beginning from 0.7 pips per lot. xStation 5 provides an excellent experience for mobile, web, tablet as well as Android and iOS.

We cover regulatory information in more detail elsewhere in this article, along with the countries XTB operates in. To switch over to a live account, you can tap the ‘Open Account‘ button on the top left of the screen. Mobile traders can download xStation Mobile on iOS and Android devices. Upon opening the application, traders are welcomed by the asset browsing screen where instruments are listed. However, only the first two categories contained material at the time of writing this review. XTB noted that the expert category is in development, and we couldn’t find information on the premium offerings.

Professional Trader Fees

Whether you’re a beginner or a seasoned trader, we’re certain XTB will offer you opportunities to learn more. XTB provides all traders with an outstanding range of educational materials. You can access these by opening a live account, although there are also some free resources available before registration. During our XTB broker review, we also discovered that international clients can take advantage of a cashback program, as well as a refer-a-friend promotion. Our XTB review team discovered that this broker doesn’t offer any form of bonus.

You can see an example of the market news available on the XTB xStation 5 platform here. XTB xStation 5 calendar tools helps traders to see potential market volatility. The XTB xStation 5 platform gives traders all of the data they need to monitor their open positions including the below.

Account Disabled For No Reason Service Use: Livelength Of Use: 0

XTB Brokers offers a demo account and three types of trading accounts which traders can choose during their registration process; the Standard account, the Pro Account and the Islamic Account. The difference between these two accounts is the tradable lot size and the spreads. Below, is a table comparing brokers based on their trading commissions. Each broker is assigned a level from low to high, according to the results of the assessment for this parameter. A forex account is a trading account held by a trader with a company like XTB that is primarily issued with the purpose of trading currencies.

However, XTB does not act as a direct member of any exchange as it executes all trades via a third-party broker. Of course, XTB does offer the standard MetaTrader4 platform, which does have this and other features for traders already familiar with the third-party application. XTB Online Trading is regulated by the Financial Conduct Authority (FCA #522157) which is one of the main regulatory agencies in the U.K. and is highly regarded globally for being strict in ensuring that market practices are fair for both individuals and businesses. Simply put, being regulated by a reputable government-backed agency goes a long way towards establishing the credibility of a firm.

Enjoy Simple Yet Effective Account Types

This is open for international customers and doesn’t levy swap fee. While users can trade from the globally recognised MetaTrader 4 trading platform, they also have access to the XTB xStation 5 web-based trading platform, as well as the mobile version. This proprietary built platform is feature-rich with access to Market Sentiment indicators. XTB offers users the ability to trade on their own advanced, feature-rich, Forex trading news browser-based trading platform called xStation 5, as well as on the globally-recognised MetaTrader 4. Both beginner and advanced traders may find the broker’s online Trading Academy of great value as it covers a variety of course topics for all levels. XTB also runs the Online Trading Master Class live stream event on YouTube where ten expert speakers share their strategies and offers 24/5 customer support.

Open XTB’s Website77% of retail investor accounts lose money when trading CFDs with this provider. Being FCA regulated lends credibility while negative balance protection gives clients peace of mind. Customer service is slightly above average and the education catalog is adequate. MT4 offers “expert advisors,” back-testing, and auto-trading for the more technologically advanced trader.

Xtb Payment Methods

Those who are new to trading should take advantage of the lower fees charged by online brokers like XTB and deal with them over traditional brokers. Please note that the FCA in the UK now restricts and bans trading on Cryptocurrency CFDs. Below are the XTB commissions for transaction on CFDs based oncrypto-currencies by volume. The commission is for a transaction on a Professional Account for opening and closing 3, 5 EUR for 1 lot Excluding Stock CFD, ETF CFD and cryptocurrencies. In order to understand XTB fees better, let us compare their fees with other online brokers like eToro and IG. The benchmark fee for trading Apple stocks with XTB is $17.9, $31.9 for IG, and $5.4 for eToro.

In 2016, the platform was awarded the title of “Best Trading Platform” by the Online Personal Wealth Awards. Its clear interface, live statistics and, above all, the ability to comprehensively create charts were appreciated. In addition to the well-known Meta Trader 4 , a proprietary xStation 5 is also available. Of course, nothing prevents you to continue using the old and proven MT four. We have covered the XTB Lower Spreads offer in more detail during the ‘fees’ section of this review. With xStation on mobile you will find support for Android and iOS, a really strong language range , and a nice dark mode that is kind on your eyes after a long day at the screens.

Etoro Review: The Social Trading & Investment Platform

And make sure you have a confirmation that any remaining fees are not due. If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due. Depending on the type of trading account xtb review you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Trading Fees – This is the fee that is incurred on an actual trade. For example, if a trader buys stocks or ETFs of Microsoft, he needs to pay a commission, spread, or financing rate.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology. Additionally, there is a market analysis tab that is comprised of filterable “market sentiment,” “top movers,” “stock scanner,” and “heat map” sections.

Does Xtb Have A Wikipedia Page?

VIP service levels require trade volume of 100 lots and a minimum deposit of 25,000 Euro. The margin is the sum of cash needed in your account in order to open a position. This is worked out on the current price of the base currency against USD, the size of the position and the leverage applied to xtb review the traders account. Deposit and withdrawals can be done via bank transfer, MasterCard, Visa, PayPal, Paysafecard, Maestro, Neteller, and Skrill. Neither credit card or bank wire deposits incur any administration fees, but e-wallet solutions incur an additional 1-2% fee on the amount transferred.

MetaTrader also provides access to technical tools like Gann-based tools and Fibonacci indicators, as well as your choice of charts, including candlestick, bar, and line. It also has various oscillators and indicators like Stochastic Oscillator, RSI, MACD, and Moving Averages. Those who trade with MetaTrader 4 get access to the Strategy Tester. Thanks to this trading tool, you can back test every strategy across your intervals and market assets to discover which solution works best. The results from Strategy Tester are extensive and divided into three tabs for thoroughness. MetaTrader 4 is available for desktop, tablets, and mobile devices.

Unfortunately, if you’re not a client, this account is only available for 30 days. You have $/£/€100k of virtual funds to practice with without risking your capital. It’s possible to add funds to your XTD account using a debit or credit card or by bank transfer; these don’t incur any commissions. It’s possible to use Skrill or PayPal, but these deposits have a 2% commissions on the amount deposited.

Some European clients will be able to invest in more than 200 ETFs, but not in mutual funds. Once you have registered and verified your account you should place your first deposit and then select the investment you intend to make. XTB accepts members from a lot of countries worldwide to trade CFDs. Follow the on-screen instructions by filling all the required information to deposit funds on your account. The sign-up process on XTB is extensivesince you need to fill their application form which has fields including your name, address, phone number, income, and assets.

Xtb Affiliate Program

Beginner, intermediate and expert traders will all find something to learn from. These trading lessions are constantly being updated and added too. Most of the currently available XTB Educational resources are aimed at more beginner and intermediate level traders. XTB xStation 5 price alerts can easily be added, modified and removed all from the XTB xStation platform. XTB also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

Posted by: Daniel Dubrovsky