XTB Forex Broker| Here traders can Trade Forex with ease of mind, XTB Forex Trading is one of the better trading experiences you will have a trader, this is a top notch brokerage and one of the largest in the world . for good reason
XTB Forex Broker Review Will explain as to why this Broker is one of the best Choices you can make when selecting a brokerage.
XTB Forex Broker was founded originally as a company called X-Trade. The were founded in 2002, was the first forex brokerage that was established in Poland.
Today, they have become the 4th largest stock exchange listed forex and CFD brokerage firm in the world.
XTB's operations cover most of the world and have offices in more than 13 different countries including Poland, France, Germany, Turkey and the UK.
Like most brokers that are located In different countries even continents, they are regulated with different entities in roder to be able to provide legal Trading services to the people in those countries.
They hold licenses at BaFin, CMB, FCA and KNF. They have build a good relationship reputations a re winning prizes all ove the financial world for the best trading platform and best service. In short this is a broker you should take serious as much as he is taking his traders serious.
XTB Forex Broker Reliability
Established in 2002 as X-Trade, XTB Forex Broker is one the largest publicly owned forex brokerage in Europe. The broker has its headquarters in London and is regulated by the UK’s Financial Conduct Authority (FCA) as well as various other financial regulatory agencies in Europe such as the KNF, BaFin and CMB. Since they have been in the business for over 15 years they have established themselves as a reputed and serious brokerage and one of the better retail forex brokers in the industry and thus is XTB Forex Broker a Premium Broker to trade Forex .
The regulatory oversight provided by the regulatory entities provides the traders with the insurance that this broker is on the level.
Also in a worst-case scenario, the traders are insured under a compensation scheme known as the Financial Services Compensation Scheme (FSCS) for up amount of £50,000. Most of the brokers in Europe that are not under the same regulation will have a compensation insured for around half that amount so this is again something that will give traders peace of mind.
XTB Forex Broker offers support to their traders during the entire week that the markets are open. this means 24 hours a day for Monday till Friday. This makes sense if you are a global brokerage that has clients in all regions in the world
The support is also offered on a local level in 12 different countries.
One of their sales propositions is that they truly believe and implement transparency and clarity, especially when it comes to their spreads and trading conditions. This is a broker that will appeal more to the traders that have been shopping around and are looking for a broker that is able to handle their volume and provide trader related service of the quality they need.
As one of the most universally popular trading platforms, MT4’s strength is in its simplicity. Its classic design and powerful analytical tools make it a mainstay within the trading industry, and comes with enhanced features when you open an account with XTB.
Whether you’re interested in automated trading or building your own setup with add-ons, MT4’s long-standing community enables you to add indicators and oscillators to your trading strategies.
As one of the first ever providers of MT4, our years of experience means we we’ve optimized their MT4 offering to provide you with the ideal trading experience that delivers results.
Use MT4’s powerful pattern recognition tool to spot emerging trends to trade with. Define entry and exit points, and set stop loss and profit taking levels. their one-click dealing system also means you can enter or exit trades quickly and efficiently.
Their platforms give you complete trade management wherever you are - whether you’re trading from your mobile, tablet, or desktop
MT4 is one of the world’s most popular trading platforms, featuring automatic monitoring, advanced charts and live analysis. As one of the first ever providers of MT4, our years of experience makes a difference to your trading environment.
Utilize the MT4's unique feature of EA's by using the many available solutions for automated trading from the MQL4 community.
Test and optimize your EAs with the MT4 Strategy Tester. Backtest your strategies on all market assets and intervals and find the best solution for yourself!
XTB has another type of trading platform for its traders " the xStation 5 platform."
Thou most people prefer to trade on the metatrader 4 there are people that feel more comfortable trading on a web-based trading platform. And for this they have the xStation 5.
For a web-trader this is one of the better ones in the market and has won several awards. It is extremely fast and includes numerous trading features such as a trading calculator, advanced chart, trader statistics and equity screener. And of course, this platform is also available in a version for mobile and tablet. Which would in my opinion be a better solution then the MT4 mobile application.
To make sure that they are able provide everything a traders needs regardless of the level of the trader or investment, XTB Forex Broker offers 3 different accounts Basic account, Standard account and Pro account.
Commission & Spreads
The biggest difference between the accounts is actually how the spread is offered and calculated
The minimum spread for major currency pairs such as the EUR/USD starts from as low as 0.0002 pips for the Basic account and 0.00009 pips for the Standard account and 0.00003 pips for the Pro account.
For more information about the market spreads, Traders can check out the XTB’s Price Table on their site. The information on the price table is constantly being updated in real time.
Pros of XTB Forex Broker
In Short this is a premium Brokerage that is above average in every aspect of that is relevant for traders.
|Number Of Employees||400|
|Contact Information||Tel:+44 (0) 20 3695 3085|
|Deposit Options||Credit Card, Neteller, PayPal, Skrill, Wire Transfer|
|Withdrawal Options||Wire Transfer|
|24 Hours Support||Yes|
|Support During Weekends||No|
|Customer Support Languages||Chinese, English, Spanish|
|Supported Trading Platforms||MT4|
|Commission On Trades||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Has VPS Services||No|
Contracts for Difference ("CFDs") are leveraged products and carry a significant risk of loss to your capital, as prices may move rapidly against you and you may be required to make further payments to keep any trades open. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.
XTB Limited is authorised and regulated by the UK Financial Conduct Authority (FRN 522157) with its registered and trading office at Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom (company number 07227848).