XTB review by ForexPeaceArmy Stay out of trouble

Let me give you my opinions of XTB in this review and tell you when it’s appropriate to use it, so you can find out if it’s a good solution to manage your investments. If you register or buy a course using our links, we may receive a commission. This does not affect our ratings, methodology or partners. Please, be aware that when investing your capital is at risk, make sure to understand this before you start. Once your order is placed, you can track the status of your assets under ‘Open positions’. Follow the on-screen instructions by filling all the required information to deposit funds on your account.

In the rare cases that they receive a 1-star review on websites such as Trustpilot, they are quick to respond to try and resolve the issue. Once you’ve created your account and downloaded the software, you can start trading crypto, stocks and other currencies on one of two top class platforms; xStation 5 and MT4. XTB provide plenty of tools and materials to help you along the way. Where our review differs from most other XTB trading reviews that you’ll find out there, is that we’re focussing particularly on their crypto trading. With XTB there’s a choice of 9 different cryptocurrencies to be traded, including Bitcoin, Dash, Litecoin, Ethereum, Ripple. As well as 9 individual currencies, XTB offers 16 different pairs.

XTB Trading Course

Sentiments can be customized by adding filters to weave out the preferred asset classes. However, only the first two categories contained material at the time of writing this review. XTB noted that the expert category is in development, and we couldn’t find information on the premium offerings. The screen layout for the demo is identical to the real account.

In essence, XTB margin trading is a facility under which one buys stocks that they cannot afford. You are allowed to buy stocks by paying a marginal amount of the actual forex strategies value. This margin is paid either in cash or in shares as security. A XTB market order is an order to buy or sell a stock at the market’s current best available price.

So, let’s start our XTB review analysis below to know more about the forex broker. Overall, XTB as a multi-asset broker provides a well-balanced trading experience while regulated in several major financial centers, hence considered a reliable broker. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards. Being a client of XTB you will enjoy the benefits of a long-term relationship that building durable cooperation with active traders as one of the company’s main objectives. Like most other XTB trading reviews, we’ll start off here with a summary of the good news; there are no withdrawal fees and the fees elsewhere are generally pretty low. UK and Irish residents have the choice of the standard account and the commission based pro account, each of which have their own spread models for commissions and fees.

Review of XTB

XTB offers its traders an opportunity to choose the account type that suits their trading needs. There is also a free demo account that they can use to practice trading before opening a real trading account. The range of live accounts includes a basic account, a standard account and a pro account.

When I decided to launch my own website I took on the challenge of learning how to program, as I wanted my site coded from scratch. I have to say that finding online educational resources was a blessing. Go to and click on “Demo” – I would always suggest you start by taking a look at the demo account to get familiar with it.

MetaTrader 4 mobile app is downloadable from both Google Play Store and Apple Store. To withdraw funds, select the trading account, and enter the desired amount. All the withdrawals are processed on the same day if processed before 1 PM. The withdrawals requested after 1 PM will fall under next day clearance. There are certain withdrawal fees levied on the amounts smaller than threshold. There are several ways to deposit funds into the trading account, which includes the most popular and secure payment methods, so you can transfer funds quite easily.

Another tool, the ‘Heatmap’, visualizes winners and losers. Trading real stocks and ETFs is available for EU clients, except in Cyprus and Hungary. The stock product selection is great, though the number of ETFs is low. You can set many different types of alerts and notifications, including price alerts or notifications about important market news. XTB charges no withdrawal fees if the amount is above a certain treshold ($50-$200 depending on your country of residence). XTB’s account base currency selection includes USD, EUR and GBP.

XTB withdrawal fees and options

They operate in over 13 countries including Belize, Europe, and the UK. The official website of XTB is available in sixteen languages. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice. XTB platform includes also a useful Market sentiment and displays the current situation of selling or buying trend of each market, as well Top mover showing which markets gaining or losing. Another addition equity screener that filters stocks and searching for new opportunities.

The primary types of chart used by traders on XTB are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired. A XTB one-cancels-the-other order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically cancelled. An OCO order typically combines a stop order with a limit order on an automated trading platform. A XTB OCO order is a type of compound operation where a filled or completed order cancels execution of a different order. It may be used as the triggered order in a first triggers so that when the first order fills, both OCO orders become active.

Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. In the XTB Basic tutorial section, even unregistered users have free access to 27 lessons, including forex and CFD basics. The lessons can also be categorized by rakuten securities english topic, based on which platform you want to trade on. XStation 5 offers many industry-standard tools such as position monitoring, account summary, news, and calendars. One feature that stood out was the integration of educational tools within the platform.

CFDs on Bitcoin & other cryptocurrencies

The smallest amount that traders can deposit is $250 and this can be done in either USD, GBP or EUR. Nowadays, a free demo account is a must for any reputable broker. This is an account with virtual funds and simulates real money trading.

Our calls were always answered promptly, and responses were relevant. Trading, customizing charts, and building watchlists are all easy and intuitive on XTB. Traders are notified directly on the platform or through the mobile app, which is a feature that every trader needs.

XTB portfolios

Month laterI receive an email with answer about just one transaction and they offer a part refund but no any explanation about other transactions. I made complain again but this time the6 told me ,they’ve got a two months for reply. The fact that withdrawals can only be made via bank transfer is a bit of a set back in the eyes of our XTB review.

Additionally, the trader can choose to make the regular stop loss a trailing stop loss prior to, or after, execution of a trade. We cover regulatory information in more detail elsewhere in this article, along with the countries XTB operates in. To switch over to a live account, you can tap the ‘Open Account‘ button on the top left of the screen. XTB is regulated by several financial regulatory agencies. While XTB is a legitimate regulated broker, it must be noted that the firm was accused and fined $2.7 million by the KNF in 2018. Once registered, enter personal details like name, phone number, etc.

I tested their commercial service, they replied in less than 2 hours, which is far from the case with all brokers. Moreover, their answers to my questions were very detailed and well-argued, a good point for them. In this test, you will discover that XTB was one of the first online brokers. Today I am trying the broker XTB, and I will share my opinion. It was created in 2002, one year before I started trading on this market. The XTB demo account is limited to 30 days of practice (unless you’re an existing client).

We advise the beginners to test the Demo Trading feature of XTB. It is valid for 30 days after you open an xStation account. Trading with virtual money will help you gain insights into the live trading environment. XTB provides you a full-fledged education section, i.e., Trading Academy.

This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor , an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute.

Broker Comparison

On the other hand, withdrawals can only be made to a bank account that is in your name, I imagine this might provide some extra security. To know more information about deposit and/or withdrawal fees, check out their website. Once your transaction is processed, funds will be credited to your account. Generally, bank transfers will take a bit of a long time when compared to electronic wallets like Paypal. The sign-up process on XTB is extensivesince you need to fill their application form which has fields including your name, address, phone number, income, and assets.

To make a profit and pay operating expenses, exchanges typically charge for the services they provide. When you open a XTB account, there will be fees attached to that in order to make a deposit into your account. It is worth mentioning that British traders are covered under the UK’s Financial Services Compensation Scheme if the company goes bankrupt.

XTB offers one type of live trading account to clients in the UK. Moreover, the safety of funds is one of XTB’s top priorities. As a result, all traders’ funds are kept in separate, segregated client accounts at all times to ensure the funds’ safety. In addition, as part of XTB’s regulatory obligations, all funds are kept in ring-fenced accounts following xm forex review its regulatory requirements. This XTB Broker review will explore the key aspects of the broker that you should keep in mind before considering whether or not to invest with them. This includes its available instruments and important issues such as security, customer support, and other features that stand out among a broad range of trading possibilities.