XTB broker review

xtb review

The XTB broker has good reviews. I myself belong to a group of people who value this platform very much. I strongly recommend using the xStation 5 platform, which is phenomenal. I use web, computer and telephone applications. Quick deposits (with very low commission) and withdrawals (usually paid the same day) of earned funds are posted immediately. On the platform I did not notice any delay or shortcomings. I definitely recommend it!

Account types

XTB broker offers its clients two different types of brokerage accounts. Choosing the right one depends on which spread we intend to trade on. Regardless of the choice, each account is created and maintained completely  free of charge (no hidden costs or fees). A detailed table of other possible fees can be downloaded directly from the XTB broker official  website .

Both accounts have a maximum trading leverage of 1:30. On each account there is the possibility of trading on forex markets, commodities, indices, stocks, ETFs and cryptocurrencies. In addition, the XTB broker allows its users to trade on a virtual demo account.

Demo account

Before you decide to use real money, I strongly recommend testing the platforms on a free demo account . A big plus is that the account is unlimited. That is, the account limit is 30 days, but you can set it up many times after the previous one has expired. And just like when creating a real account, you can also choose the type of account in your demo account: standard or pro.

Personally, I really appreciate the possibility of such a solution. Especially for beginner players who have never had contact with trading in forex markets before. Very good move from the XTB broker and praise him for that. Open a demo account for each type of account and see which one best suits your playing style.

XTB Trading platforms

Generally, we can choose between two platforms. In addition to the well-known Meta Trader 4 (MT4), a proprietary xStation 5 is also available. I recommend old testers to test the new platform. Of course, nothing prevents you to continue using the old and proven MT four.

xStation 5

“Success begins with the right platform” – with this slogan, the broker promotes its own proprietary platform called xStation 5. It has been designed to meet the requirements of both beginners and the more advanced.

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.

The xStation 5 platform works on any type of mobile device.

It is also worth mentioning that the platform has a lot of different types of indicators (Fibonacci, Chart Overlay etc.). All settings are saved on the server, so there is no problem to load them on your account from another device.

Meta Trader 4

MT4 is the most popular and recognizable investment platform in the world. Thanks to its classic appearance and a wide range of analytical tools, it makes it a widely used trading platform.

The XTB broker has quite good reviews. When in 2002 Jakub Zabłocki created the XTB (X-Trade Brokers) platform , few people believed that it could be any success on the domestic market. Over time, the platform has not only become popular in Poland, but also has become one of the leaders on global markets. It is difficult nowadays to find a trader who at least once would not try to use this platform or at least have not heard of it.

Is XTB broker as one of the few reporting to the Polish Financial Supervision Authority (KNF) in Poland? Frequent checks and supervision makes the money deposited on the broker platform safe and the platform itself works according to clean and transparent rules.

The year 2016 was a breakthrough for the company. It was then that she debuted on the Polish stock exchange. Immediately its value was at the level of PLN 1.5 billion! The company has branches in 13 countries (Great Britain, Germany, Turkey and even France). Its head office is in Warsaw. The support itself operates 5 days a week (Monday to Friday) 24 hours a day. You can write in the chat and the consultant will answer in just a few minutes.

Account types

XTB broker offers its clients two different types of brokerage accounts. Choosing the right one depends on which spread we intend to trade on. Regardless of the choice, each account is created and maintained completely  free of charge (no hidden costs or fees). A detailed table of other possible fees can be downloaded directly from the XTB broker website  .

Both accounts have a maximum trading leverage of 1:30. On each account there is the possibility of trading on forex markets, commodities, indices, stocks, ETFs and cryptocurrencies. In addition, the XTB broker allows its users to trade on a virtual demo account.

* Your capital is at risk. 82% of retail investor accounts lose money as a result of trading CFDs with this provider. Consider if you can afford the high risk of losing your money.

Demo account

Before you decide to use real money, I strongly recommend testing the platforms on a free demo account . A big plus is that the account is unlimited. That is, the account limit is 30 days, but you can set it up many times after the previous one has expired. And just like when creating a real account, you can also choose the type of account in your demo account: standard or pro.

Personally, I really appreciate the possibility of such a solution. Especially for beginner players who have never had contact with trading in forex markets before. Very good move from the XTB broker and praise him for that. Open a demo account for each type of account and see which one best suits your playing style.

By deciding to open a demo account, you can quickly create a real account connected to the same email address at any time. You will do it in the investor panel after logging in.

Trading platforms

Generally, we can choose between two platforms. In addition to the well-known Meta Trader 4 (MT4), a proprietary xStation 5 is also available. I recommend old testers to test the new platform. Of course, nothing prevents you to continue using the old and proven MT four.

xStation 5

“Success begins with the right platform” – with this slogan, the broker promotes its own proprietary platform called xStation 5. It has been designed to meet the requirements of both beginners and the more advanced.

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.

The xStation 5 platform works on any type of mobile device:

It is also worth mentioning that the platform has a lot of different types of indicators (Fibonacci, Chart Overlay etc.). All settings are saved on the server, so there is no problem to load them on your account from another device.

Meta Trader 4

MT4 is the most popular and recognizable investment platform in the world. Thanks to its classic appearance and a wide range of analytical tools, it makes it a widely used trading platform.

The MT4 platform is also available in a mobile version. You can use it on both your phone and tablet. Of course, the standard is the computer version.

Available assets for trading

The platform allows trading on over 50 different instruments. Starting from raw materials, through shares and cryptocurrencies. The broker did not stop only on publicly available instruments. New, even cryptocurrencies like Ripple, Ethereum, Dash or Litecoin are being added gradually. And this is just the beginning of trading on virtual currencies. Certainly, over time and the popularization of cryptocurrencies, the broker will make more coins available for trading.

Educational materials

Above all, the XTB broker offers a very extensive analytical model. Every day you can read articles about the current situation on the markets supported by the comments of experts and analysts. A calendar of major economic events is also available.

The multitude of all kinds of courses, webinars and training by a broker deserves praise. Best of all, the opportunity to participate for both new and old users is absolutely free.

The extensive sector of XTB Academy is a place where every beginner will find a huge number of educational materials absolutely free. There is also no limit on their access. You can return and read the material again at any time

Deposit and withdrawal of funds

XTB offers its clients a lot of possibilities when it comes to deposits and withdrawals. As one of the few forex brokers, it enables deposits via native payment systems. Charges are also very low.

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