XTB offers CFDs on a wide range of markets, including forex (48 pairs), indices, commodities, shares, and ETFs. Its fees are low, as they are based on spreads.
XTB offers round-the-clock customer support by email, live chat, and phone. The firm also runs satellite offices in several countries.
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A minimum deposit is required to open an account with a broker. This can be a big hurdle for new traders, making them feel missing out on an opportunity.
XTB offers several ways to make deposits, including bank transfers, credit/debit cards, and electronic wallets. Depending on the country you live in, some of these methods may incur additional fees.
The XTB trading platform supports CFDs on over 1,500 equities. These allow you to trade various assets without owning them and come with low commissions. There’s also access to popular indices, which have low transaction costs and 24-hour trading.
XTB offers a range of stock CFDs and ETFs. The company is regulated by several regulatory bodies, including the Financial Conduct Authority (FCA).
Traders can choose from more than 1,850 stocks and ETFs. These include major international companies and even some niche industries.
XTB also offers premium research services. These include market news, technical analysis, and trading signals. In addition, XTB runs regular trading clubs in London where traders can meet and share their strategies.
XTB offers spreads on thousands of assets, including forex, CFDs, commodities, indices, and shares. They also have low commissions and a wide range of trading tools.
Unlike traditional stock brokers, XTB does not charge any fees to set up your account or to hold investments within it. Instead, you will pay commissions on your trades, mainly spread fees.
The spreads available at xtb are among the lowest in the industry, and this is particularly true with forex. Traders who want to trade with a currency other than the one their account is in will be charged an exchange rate commission.
XTB is regulated by the FCA the Cyprus Securities and Exchange Commission (CySEC), and client funds are held in segregated accounts under a clearing system that protects clients in case of bankruptcy.
Swap rates are an important benchmark to traders because they reflect not only standard interest rates embedded in the average yield curve but also matters related to liquidity, credit risk, and supply and demand for loan funds of different durations.
As swap rates are calculated daily, they fluctuate with the market. This makes them an essential consideration for forex and CFD traders who trade with leverage.
XTB provides a variety of exchange-traded funds (ETFs) and stock CFDs on their xStation five platforms. Traders can access real-time news and professional market analysis.
As with most brokers, XTB charges operational fees. These include spreads and financing rates (overnight costs) that can be expressed as a percentage or in swap points.
Account maintenance fee
XTB requires an account maintenance fee paid by clients who have not traded in more than 12 months. This is a reasonably high figure compared to many other brokers, suggesting that XTB is only looking after the more serious traders who can afford to trade more significant amounts of money.
XTB is a regulated and approved trading platform in the UK, offering a variety of markets, including forex, shares, indices, metals, commodities, and cryptocurrencies. Client funds are protected and monitored by the FCA and FSCS. Moreover, all XTB accounts are held in segregated accounts, meaning that your funds are safe should the broker go bust. This is one of the highest levels of protection that any trading platform can offer its customers.