XTB Review 2020

XTB is a well-established online Forex and CFD trading broker with more than 14 years of experience and an international presence with offices in more than 10 countries around the world. The XTB brokerage is said to be one of the leading online trading brokerages in the world and has been awarded numerous awards for their trading services.

XTB’s primary headquarters are located in the United Kingdom at Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom, and their registered company number is 07227848. Since XTB is based out of the UK, they are licensed and regulated by the UK Financial Conduct Authority (FCA) as well as the IFSC, KNF, CNMV and CMB due to their international presence.

Though XTB has an excellent reputation and is praised by many, are they the right trading brokerage for you? Let’s find out in our in-depth XTB Broker Review as we uncover the facts and aspects of this lucrative online trading broker.

The fees and commissions imposed on traders at XTB are very competitive with the industry standards and are even considered favorable. Traders have the choice between two different fee structures that are associated with the two account types offered by XTB.

Traders with the “Standard Account” benefit from zero commission trading on forex, indices, cryptocurrencies and commodities. Instead of paying a commission when trading these assets, traders incur a fee through the spread that ranges from minimums of 0.35 pips, 0.9 pips, 1.6 pips for various assets. These spreads are incredibly low for a zero commission account which makes trading at XTB very favorable. Trading equity CFDs and ETFs come with commissions of 0.08% per lot.“Pro Account” traders benefit from very tight spreads of just 0.28 pips but all on forex, indices, cryptocurrencies and commodities trades incur a commission of $4.00 per lot. Equity CFDs and ETFs have the same commissions of 0.08% per lot.

XTB caters to just about every type of online trader by featuring the popular MetaTrader 4 (MT4) platform, as well as their very own award-winning proprietary xStation 5 trading platform. Both the MetaTrader 4 and the xStation 5 platforms have won numerous awards and come complete with total trade transparency, real-time market commentary, live performance statistics, and a comprehensive charting package. Additionally, both platforms are known for having lightning fast and reliable execution speeds to accompany the easy to use and intuitive trading interface. Traders can rest easy knowing they are dealing with safe and reliable trading platforms with XTB.

In addition to the award-winning desktop trading platforms, XTB also offers a powerful mobile trading app that’s equipped with all of the powerful tools and features supported in the xStation 5 platform. The app comes complete with bulk order closing, interactive charts, trade management, an economic calendar, and real-time market news.

XTB’s trading app can be used on both Apple and Android smart devices including tablets, phones and even smart watches so that traders can trade while on the go. The mobile trading application is available for free download from the Apple App Store and the Google Play Store.

XTB provides their traders with the choice between two types of trading accounts:

1. Standard Account
2. Pro Account

Both trading accounts are essentially the same, the only difference is way the fees and commissions are charged. Both the Standard and Pro accounts feature over 1500 tradeable instruments available to trade across 10 global markets. Among these tradeable instruments are forex currency pairs, commodities, indices, cryptocurrencies, shares, and ETFs. Another common aspect between accounts is the ability to trade with leverage up to 1:200.

Traders at XTB have access to numerous deposit options for funding their trading account. For instance, traders can deposit funds via bank wire transfer, various credit cards including MasterCard, Maestro, and Visa, and via the following e-wallets; Skrill and SafetyPay. Both bank wire transfers and credit card deposits are free of charge, and both Skrill and SafetyPay have deposit fees of 2% and 1.5% respectively. All deposits must be made in US Dollars (USD) as no other currencies are supported by XTB.

As for withdrawing funds, traders are limited to only one withdrawal method being bank wire transfer. All withdrawals are in the USD currency and if the bank is in a different currency to your trading account, the money will be converted at your banks current exchange rate upon reaching the bank account. XTB does not charge any withdrawal fees, except for on withdrawals of less than $100 a $30 withdrawal fee applies. Also, transfer fees may be charged to the trader by the customers bank account.

XTB provides their customer with support through a variety of contact methods that are available 24 hours a day, 5 days a week. The contact methods available to traders include email, telephone and live chat. These methods are available in numerous languages and have local telephone support in 17 countries which include most of the EU countries.

XTB is a very well known and respected online trading broker from traders all over Europe and around the world. The brokerage has over 14 years of experience and has won numerous awards over the years for both their fair trading services and secure trading platforms. As well, XTB is licenced and regulated by the UK Financial Conduct Authority (FCA) and numerous other regulatory authorities around the globe.

Furthermore, XTB clients are covered by the Financial Services Compensation Scheme (FSCS) up to £50,000 per person in the unlikely event of broker insolvency. Traders funds are also held in secured and segregated bank accounts for further protection and security. Traders can trade with peace of mind knowing their funds are well looked after and safe. The XTB trading brokerage has proven itself as a trustworthy and competent online trading brokerage.