• Find The Best Broker For You
  • Leave Comment About Any Broker
  • Cast Vote For The Best Broker

XTB




   Company information

   Broker's name: XTB

   Website: xtb.co.uk 

   Headquarted in London, UK

   Regulated by: FCA

   E-mail Address: ukservice@xtb.co.uk 



There are three basic accounts types offered by this broker: Basic, Standard and Pro. The Basic account is suited for beginners, as well as regular traders who prefer fixed spreads, while the Standard and Pro accounts provide variable spreads. The Pro one is tailored to advanced traders, offering raw market spreads through STP execution.

Security of Funds

XTB Ltd., operating under the trading name XTB, is authorised and regulated by UK Financial Conduct Authority (FCA). As a UK-based brokerage XTB has to adhere to strict requirements and the highest regulatory standards.

Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the umbrella of the Financial Services Compensation Scheme (FSCS), where the maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent.

Minimum initial deposit 

Unlike most brokers, demanding an average of $100 - $ 250, XTB does not require an initial deposit for opening a live account. 

Average Spreads & Commissions

This broker offers both fixed and variable spreads. The fixed ones are available on the Basic account and amount to 1.6 pips on EUR/USD, which is comparatively low. As regards the variable spreads, the ones provided on the Pro account are as low as 0.3 pips on EUR/USD, but incur a commission fee of 2.5 GBP / 3,5 EUR / 4 USD / 1400 HUF per lot (per side). No commission is charged on the Basic and Standard accounts.

Maximum Leverage

The maximum leverage provided by XTB depending on the instrument traded:
- forex: leverage up to 1:200;
- indices: leverage up to 1:133;
- commodities: leverage up to 1:66;
- shares & ETFs: leverage up to 1:10.

On the whole, a maximum leverage of 1:200 is deemed average for the market, however some traders may wish to trade more with less.

Trading Platforms

Clients of XTB are offered a choice of two trading platforms: their in-house xStation and the renown MetaTrader 4, both available as desktop, web and mobile versions.

xStation is user-friendly, fully-customizable platform, which is equipped with an advanced trading calculator (instantly determining a trader`s potential profit or loss, thus allowing more informed trading decisions). Traders will probably appreciate even more the other two features of the platform: one-click dealing and the ability to deal straight from the charts.

In addition, XTB offers the most widely-used trading platform MetaTrader 4. It allows users to fully automate their trades by Expert Advisors (EA) and let the program do all the work. This is one of the reasons MT4 to be the preferred platform by most traders 

Risk Management Options

Since CFDs are leveraged products and carry a high level of risk and losses can exceed traders` deposits, XTB provides guaranteed stop losses available on the Basic account.

Bonuses, Rebates, Promotions

- the Loyalty program that offers traders the opportunity to earn cashback on each completed 
up to £2.60 cash back per lot. 
- Monthly interest cash - traders can earn up to 1.1% on their cash balance each month, depending on the volume of trades.
- Refer a friend bonus – if a trader refers a friend and the latter opens a real account and trades a total of 10 round lots, both of them are entitled to £40.

XTB offers a variety of promotions to its clients:

Methods of Payment

This broker provides its clients with the following payment methods: bank transfer, credit/debit cards (Mastercard, Maestro, Visa) and e-wallets (Paypal, Skrill, Neteller).



Comments

No comments yet


Most Rated Brokers