XTB Review 2023 Stock exchange-listed forex and CFD broker

We want to ensure you have all the knowledge necessary to use the XTB trading tools confidently, from depositing and withdrawing funds to executing trades. You must be diligent and thorough in your XTB review selection process to safeguard your hard-earned money. It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of XTB. You must also ensure the XTB broker’s profile, trading tools, fees and regulation aligns with your needs and goals. However, these drawbacks do not take away from the fact that the XTB is a solid forex and CFD broker.

The bulk order closing feature allows you to easily lock in all profits or close all trades with just one click. XStation 5 includes the most popular technical indicators including Fibonacci, MACD, Moving Averages, RSI, Bollinger Bands and many more. You can create your own trading system templates to save for future use or use any of the pre-built trading templates. However, there are things to be desired, like its funding methods being limited to USD and a lack of support for the popular MT4/5 trading software. All trading on XTB is done through its proprietary platform, called xStation. The latest version is the xStation 5 and is available on Web, Desktop, and Mobile.

Pros & Cons Of XTB

Once XTB receives all your information and documents, your account will be approved usually in less than a day. This is very similar to the stocks screener, offering 10 filters such as cumulative return or the total value of assets. You can use 39 technical indicators, which is about average when compared to other brokers. You can set many different types of alerts and xtb.com reviews notifications, including price alerts or notifications about important market news. A useful feature of the platform is the trader calculator, which helps you calculate the margin, the commission and other important parameters for each trade. XTB charges no withdrawal fees if the amount is above a certain treshold ($50-$200 depending on your country of residence).

• The Islamic account also doesn’t have an option to trade cryptos.
• This CFD trade has a 100% increase in the funds initially committed.
• If you want to trade currency pairs on global Forex markets, XTB offer over 57 currency pairs.
• The XTB xStation charting tools are customisable, including the appearance, UI, technical analysis data and workspaces can be customised from the floating toolbars.
• But Neteller and SafetyPay attract a deposit fee of 1% and 1.5%, respectively.
• The task becomes even more daunting when considering the vast number of online brokers like XTB available, each with unique features, fees, and regulations.

It provides protection for negative balances and allows for automated trading. This comes with commission-free trading, and spreads start from 0.1 pips on EUR/USD. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

XTB review for 2023

These securities and stocks cover most of the major markets across the world and allow traders to easily open and close positions with low fees. Modern brokers like XTB provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, XTB may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall XTB trading profitability. XTB allows you to gain exposure to the cryptocurrency market through cryptocurrency CFDs.

• While ETFs are commonly used by long-term investors, they can also be traded as CFDs.
• If considering trading financial assets with XTB, evaluating the XTB platform is important.
• In addition to this, XTB is also known for its highly competitive spreads for both the Standard and Pro accounts, which allow you to trade on forex products at some of the cheapest rates in the industry.

XStation 5, while limited, is intuitive and functional, and certain features, such as the instrument scanner and heat map, heighten its appeal to any type of trader. And registered with the Financial Conduct Authority (FCA #522157) as well as the Polish Financial Supervision Authority (KNF). XTB provides traders access to CFDs on 1,848 stocks, 135 ETFs, 22 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs. XTB also provides nearly 7,800 cash equities (non-leveraged)and 150 ETFs as part of its securities offering (though these are not available from its U.K. or Cyprus branches). The following table summarizes the different investment products available to XTB clients. As for the non-trading fees incurred on the platform, there are quite low too.

XTB Cryptocurrency CFD Fees

As mentioned above, XTB also offers its xStation mobile app to facilitate trading in over 1,500 CFD markets, including FX, cryptocurrencies, indices, commodities, stocks, and ETFs worldwide. I found the xStation mobile app holds enough power to quickly and easily monitor and manage positions with intuitive charts and minimal hassle. However, I also felt it was limited in terms of functionalities when compared to the desktop version of the platform.

It offers an easy-to-use but also powerful platform to invest in Stocks, ETF, bonds, options and futures. Since it was first founded in 2013, it has gathered around 2 million users, a remarkable success. If you are looking to invest in derivatives assets using CFDs, DEGIRO won’t be a good alternative.