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our note:
XTB is one of the most reliable Forex brokers. Serious and transparent, it respects its commitments and offers spreads in the average. On the other hand, the trader will find himself in the position fees over several days for indices as opposed to currencies. We therefore prefer to trade indices with this broker.
However, XTB is aimed at clients with a first experience in Forex or CFDs. Beginners can get started in binary options with a return of 80%.
Launched in 2002, XTB or X-Trade Broker is a broker already experienced in its field of activity. The company is based in Poland, but is present on the French territory under the name of XTB United Kingdom.
It is particularly distinguished by the wide choice it offers traders, between Forex trading, CFDs and not forgetting Binary Options trading. The forex broker is, in any case, regulated on the international market and offers rather advantageous conditions to investors. To learn more, here is the complete test:
Broker regulation
Originally founded in Warsaw, the XTB broker now operates in more than 20 countries around the world. And this, while complying with market regulations. In United Kingdom, the broker is notably controlled by the Autorité des Marchés Financiers or AMF and is also recognised by the Banque de United Kingdom. It also operates in accordance with the European MiFID or Markets in Financial Instruments Directive.
In each country where it operates, XTB is registered with the trading supervisory authorities. In particular with the FSA in the United Kingdom, CONSOB in Italy, AFM in Sweden, KNF in Poland and NBB in Belgium. Traders with the broker are thus fully insured for their investments. In the event of a dispute, they can have direct recourse to these supervisory institutions.
Trading instruments offered
In addition to its seriousness, XTB is particularly renowned for the wide range of offers it offers to traders. Traders can invest in Forex pairs, CFDs, but also in binary options.
Forex Trading
XTB offers 60 tradable Forex currency pairs, including major pairs such as EUR/USD, USD/JPY, USD/CHF and GBP/USD, exotic pairs such as EUR/TRY, USD/MXN or EUR/CZK and, of course, minor pairs. Traders can choose between fixed and variable spreads, depending on market conditions, but in all cases the values remain dependent on the type of account subscribed to. However, the spreads applied are quite competitive, especially for major pairs. As a reference, the fixed spread applied for the EUR/USD pair is 1.6 points with a basic account. However, XTB allows spreads up to “zero” for professional accounts. However, this is in return for an additional commission.
CFDs
For CFD trading, which offers many opportunities for individuals, XTB offers mainly stocks, commodities and stock indices, but traders can also trade on foreign exchange and interest rates. For example, for equities, the broker makes the shares of large international companies available to investors and offers special advantages for trading in French equities. For stock indices, interest rates and ETFs, XTB traders can choose from 44 assets. The minimum spread applied is 1 point, but conditions depend mainly on market volatility.
The maximum leverage is x100; i.e. the maximum value of the trade is 100 times the available capital. For commodities, 27 assets are available on the portal. The maximum leverage applied is x66, except for gold which is x200. Note that XTB also takes commissions on trades, which are only applied on positions held beyond one day.
Binary options
Traders at XTB can also invest in binary options. This type of trade can be applied to currency pairs, indices and commodities. The list of available assets can be accessed directly on the site. The minimum position in binary options is $10, but maximum positions depend on the asset concerned.
XTB focuses mainly on the short-term UP/DOWN option, which allows for a profit of between 70 and 80%, with a short maturity of 1 to 60 minutes. As far as fees are concerned, no spread or hidden costs are applied for this type of investment. However, XTB does not offer any return on loss.
Available platforms
Within the framework of these investments, XTB makes several platforms available to traders. The xStation is the basic platform offered by the portal, which is directly accessible online 24 hours a day and offers numerous trading tools such as indicators, charting functions and oscillators. The platform also has a trading application store, as well as an integrated social trading tool, the xSocial.
Thanks to this network, traders can refer to successful investments on the platform in order to develop their strategies. XTB also offers the MetaTrader 4, which is particularly appreciated by professional investors. And for mobile investors, the MetaTrader app and the mobile version of the xStation allow them to trade via smartphones and tablets.
Resources
XTB prides itself on accompanying traders from the moment they register and throughout their transactions. In particular, a demo account is offered to all new members of the portal, which allows unlimited testing of trading tools and strategies. In addition to the basic documentation provided on the portal, training sessions are also organised on a regular basis. These online seminars are accessible free of charge and are dedicated to both novice traders and experienced investors.
As a trading support, XTB also provides traders with up-to-date technical and economic analysis. Investors on the site can also access in-depth sessions, covering trading psychology, strategies and risk management, among other things.
Deposits and withdrawals
Unlike most brokers, XTB does not require any minimum deposit at account opening. Registration on the site is completely free, however, a minimum deposit of $10,000 is required to open a professional account.
Transactions can be made by credit card, bank transfer, Paypal or cheque. XTB does not charge any fees to fund the account and processing times generally range from approximately 24 to 72 hours, depending on the issuing institution. Traders at XTB can also fund their account directly by telephone, by calling the broker’s Customer Service. Withdrawals are processed within 48 hours.
— Sign up on the official XTB website–
Protection of funds
In accordance with market regulations, XTB has implemented state-of-the-art security systems to reassure traders. In particular, the broker practices account segregation in order to guarantee the availability of funds at all times. Each investor’s money is deposited in an independent account with BNP Paribas.
XTB also guarantees the security of the information circulating on the site. Thanks to encryption systems, traders can invest with complete peace of mind, with no risk of fraud or identity theft.