XTB Review - MT4 Brokers List

XTB

XTB Review

Table of Contents

XTB Regulation

XTB has obtained the licenses with a wide variety of world’s top financial regulators. The following is the list of these regulations:

XTB UK is regulated by the Financial Conduct Authority under license number 522157.
X-Trade Brokers DM SA is authorized by the Polish Securities and Exchange Commission under license number DDM-M-4021-57-1/2005 and supervised by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego).
XTB Spain is regulated by the Comisión Nacional del Mercado de Valores under license number 40.
XTB is in the process of getting a license for its South Africa Entity.
XTB Europe is regulated by CySEC under license number 169/12 as at 2018.
XTB International is regulated by Belize International Financial Services Commission under license number IFSC/60/413/TS/17.

XTB is a member of the Investors Compensation Scheme (ICS). The ICS provides insurance to clients ( traders from around the world) in the unhappy event that the broker goes out of business while they still have funds in the company or becomes insolvent.

in Addition, its licenses with the FCA and CySEC automatically makes its UK and Europe clients beneficiaries of a £50,000 and 20000 euro cover respectively courtesy of the Financial Services Compensation Scheme and Investor Compensation Fund.

is XTB regulated

Yes XTB is regulated by Multiple Regulatory entities

Does XTB offer free Signals

No XTB does not have this service, they do not offer free trading Signals

XTB offers a collection of 3000+ trading instruments across six asset classes

XTB has an assortment of trading instruments summing up to over 1500. These assets cut across the following categories; FX pairs, indices, ETFs, cryptocurrencies, shares, and commodities. A breakdown of the most popular tradable instruments is as follows:

CRYPTOCURRENCIES	FX PAIRS	INDICES	SHARES	COMMODITIES
Bitcoin	EUR/USD	UK100	FR – Casino Guichard Perrachon SA	Natgas
Dash	AUD/CAD	US30	US – Range Resources Corp	Soybean
Bitcoin Cash	EUR/NZD	AUS200	US – Toro Co/The	Sugar
EOS	EUR/CZK	MEXcomp	US – Red Hat Inc	Copper
Cardano	EUR/CAD	CHNcomp	US – Arcos Dorados Holdings Inc	Oil
Ripple	CHF/JPY	JAP225	US – Rent-A-Center Inc/TX	Platinum
Ethereum	EUR/NOK	EU50	US – Church & Dwight Co Inc	Cotton
Stellar	AUD/CHF	ITA40	US – Fitbit Inc	Zin
Litecoin	CHF/PLN	BRAcomp	US – Sherwin-Williams Co/The	Aluminum
Ether Classic	EUR/PLN	W20	US – New York Times Co/The	Corn
	AUD/USD	SPA35	US – Sprott Physical Gold Trust	Coffee
	AUD/NZD	KOSP200	DK – FLSmidth & Co A/S	Gold
	EUR/JPY	US200	DE – K+S AG	Cocoa
	CAD/CHF	USDIDX	US – ResMed Inc	Silver
	AUD/JPY	US500	US – Adobe Systems Inc	Emiss
	EUR/HUF	VOLX	UK – Compass Group PLC	Wheat
	CHF/HUF	DE30	NL – Boskalis Westminster	Nickel
	EUR/GBP	UK100	UK – Pagegroup PLC
	CAD/JPY	FRA40	US – Sprott Physical Silver Trust

XTB Methods of Payment

Traders are required to make an initial minimum deposit of £/ $/€ 250.

XTB provides a multicurrency online wallet which traders can use to fund their accounts using bank transfer Credit/debit card or e-wallets.

XTB provides traders with a variety of ways in which they can make deposits and withdrawals.

These are bank transfer, MasterCard, Visa, PayPal, Paysafecard, Maestro, Neteller, and Skrill.

(Note: E-Wallets like Paypal and Skrill attract a transaction charge of 2% of the deposited amount, while card and bank transfer payments are free of charge.)

Traders are allowed to make deposits using any of the following currencies EUR, USD, GBP, and HUF.

XTB processes the deposits instantly for e-wallets and credit card payments, in addition, they process the withdrawal request the same day if the request is made before 1 pm UK time.

Bank transfer transactions have a 3 business days waiting period ( could have been worse).

XTB has two trading platforms,

the popular MetaTrader4 (MT4)
their tailor-made trading platform dubbed xStation 5.

Metatrader 4

The MT4 is the most commonly used trading platform among forex traders since many forex brokers offer it as their primary trading platform.9 this will change since metaquotes, the developer of the MT4 no longer provides new licenses, and they look to push their Metatrader 5 trading platform)

Resource wise the software is low on the usage of computer resources like RAM and basic computers can work well with MT4 without being slowed down, provided internet connectivity is stable.
MT4 offers 80+ indicators, nine timeframes, three chart layouts, 37 language options it allows for expert advisors which is preset or programmable automated trading strategies.
The platform enables traders to save chart settings as templates and loads the settings on the go.

XStation5.

Embedded with an equity screener, and calculator xStation5 is equally secure software with a simple design and matches the standards of the used trading platforms. XStstation5 has a combination of technical analysis instruments such as RSI, moving average, Fibonacci and much more.

The platform enables traders to concurrently compare charts and check trader’s statistics such as the most prosperous traded pairs. XStation5 users can have a look at other traders’ markets positions such as the number of buy positions versus sell positions.

Traders can shift between 16 different languages, choose the light mode, set price alerts, account management tools such as close all losing positions and much more.

The platform offers an up to date newsfeed in the top section, a calendar, a market analysis section,

you are provided with free education videos arranged from beginner to expert.

The platform is available as a desktop client and a web version and allows for demo trading.

Overall, the xStation is a compelling proposition, and some may say, equal match to the MT4.

Trading Features

Interactive account management tools and leverage as high as 1:200 for elite traders

XTB provides traders with a set of account management tools that assist them in managing their trades better. With the xStation5, traders can decide to close all positions in one go, close all lucrative jobs, close failing positions, and immediately buy and sell assets.

XTB has a 1:30 maximum leverage policy for all of its traders.

This complies with the regulations stipulated by its license provider, the FCA.

Nevertheless, the ‘elected professional club ’ is the exception to this rule.

This group of traders can take advantage of maximum leverage of 1:200, though this comes with rigorous terms. ‘Elected professionals’ are obliged to make ten trades per quarter or have an account portfolio surpassing the €500,000 mark; they must also prove to the broker as well as to the FCA that they have worked as a financial expert for more than one year. Traders who have ‘elected professional’ club rights lose some of the FCA conditions.

Commissions & Spreads

XTB operates both on fixed spread and commission-based pricing. The difference between the two pricing types differs depending on the instrument that is being traded. T

Cryptocurrencies falling under the standard account aren’t charged any commission, while pro account holders are charged a GBP 2.5 commission per crypto trade.

XTB doesn’t charge any hidden charge on account maintenance and trade entry. They have a transparent pricing policy for all their services.

Used by 230,000+ traders
Established in 2002
Regulated by Financial Conduct Authority
Licensed in Russia, Belarus, Mauritius, Belize, St. Vincent & the Grenadines

Doesn’t offer VPS
Not ASIC Regulated

Educational tools & Services:
Deposits & Withdrawals:
Customer Support:
Overall Brokerage:
Offering of Instruments:
Commissions & Fees:
Regulation:
Trading conditions:
Platforms & Tools:
Trading Experience:
Overall:

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XTB

XTB Regulation

is XTB regulated

Does XTB offer free Signals

XTB Methods of Payment

XTB has two trading platforms,

Metatrader 4

XStation5.

Trading Features

Commissions & Spreads

Pros And Cons

Author's Review Score Breakdown

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