XTB review forex broker 2019

xtb review forex broker

XTB review it's my private and honest feedback about this broker. When in 2002 Jakub Zabłocki created the XTB platform (X-Trade Brokers), few people believed that it could be any success on the domestic market. Over time, the platform has become not only popular in Poland but has also become one of the leaders on global markets. It is difficult to find a trader in these times, who would not try to use this platform at least once or at least he did not hear about it.


2016 was a breakthrough for the company. It was then that she made her debut on the Polish Stock Exchange. At once, its value was at the level of 1.5 billion PLN! The company has branches in 13 countries (Great Britain, Germany, Turkey or even France). Its main headquarters is located in Warsaw. The support itself works for 5 days a week (from Monday to Friday) 24 hours a day. You can write in chat and the consultant will respond in just a few minutes.

xtb review contact

Account types

The XTB broker offers clients two different types of accounts. Choosing the right one depends on which spread we intend to trade. Regardless of the choice, each account is assumed and run completely free of charge (no hidden costs and fees). A detailed table of other possible fees, can be downloaded directly from the XTB broker website.

xtb review account type

All accounts have a maximum trading leverage set at 1:200. You can trade on forex, raw materials, indices, stocks, ETFs and cryptocurrencies on each account. In addition, the XTB broker enables its users to trade on a virtual demo account.

* Your capital is at risk. 80% of retail investors' accounts record losses as a result of trading CFDs at this supplier. Consider whether you can afford a high risk of losing your money.

Demo account

Personally, I greatly appreciate the possibility of such a solution. Especially for beginner players who have never dealt with forex trading before. Very good traffic from the XTB broker and praise him for it. Open a demo account for each type of account and see which one will best suit your playing style.

Personally, I greatly appreciate the possibility of such a solution. Especially for beginner players who have never dealt with forex trading before. Very good traffic from the XTB broker and praise him for it. Open a demo account for each type of account and see which one will best suit your playing style.

If you decide to open a demo account, you can quickly create a real account linked to the same e-mail address. You will do it in the investor’s panel after logging in.

* Your capital is at risk. 80% of retail investors' accounts record losses as a result of trading CFDs at this supplier. Consider whether you can afford a high risk of losing your money.

Trading platforms

Generally, we can choose between two platforms. In addition to the well-known Meta Trader 4 (MT4) is also available author’s name xStation5. I recommend old traders to test the new platform. Of course, there is nothing to prevent you from continuing to use the old and tested xStation5.

xStation 5

“Success starts with the right platform” – this is the slogan that the broker promotes with its own proprietary platform called xStation 5. It has been designed to meet the requirements of both beginners and the more advanced.

xtb review xstation5

In 2016, the platform was awarded the “Best Trading Platform” by the Online Personal Wealth Awards. She appreciated its clear interface, live statistics and, above all, the possibility of comprehensively creating charts. To be honest – this platform is one of the best I ever used before! I have to say that: xtb review in that point is really good!


Platform works perfectly on that platforms:

  • desktop (windows / ios)
  • tablets
  • smartphones
  • smartwatch

It is also worth mentioning that there are many different types of indicators available on the platform (Fibonacci, Chart Overlay, etc.). All settings are saved on the server, so there is no problem to load them in your account from another device.

Meta Trader 4

MT4 is the most popular and recognizable investment platform in the world. Thanks to its classic appearance and a wide range of analytical tools, it makes it a widely used trading platform.The MT4 platform is also available in the mobile version. You can use it on both your phone and tablet. Of course, the computer version is the standard.

Deposit and withdrawal

XTB offers its clients a lot of possibilities when it comes to deposits and withdrawals. As one of the few forex brokers, it allows deposits via domestic payment systems. The fees are also very low.

xtb review deposit and withdrawal

Payments are made until 1 PM. This means that an instruction submitted after this time will be processed the next business day. The time of transfer of funds after submitting the withdrawal request should not exceed one business day.To withdraw funds from your account, simply select the trading account you wish to withdraw from, and enter your desired amount. Your withdrawal is returned to a nominated bank account, which you add in your Client Office.


Any card deposits made to XTB must be made from a bank account registered in the client’s full name, otherwise your funds may be returned to source.


To verify your nominated bank account, you will need to provide a valid bank statement issued within the last three months. If your nominated bank is in a different currency to your trading account, HSBC convert the amount at source at their rate or when the payment is received by your bank.

XTB review

Internet is full opinions about XTB, opinions are fairly decent. There was a period where the platform was not yet refined and there were errors. It’s normal. However, the team stood up to the challenge and now we have a super-working platform for trading on CFDs and forex markets. This can also be seen after better and better comments posted on forums and other blogs. Personally, I think that after the entry of the broker on the WSE, they try to make the platform more transparent and friendly to players.

Pros and cons

Over the years, I can confidently evaluate this broker based on your experience. Both pluses and minuses are my private insights and you do not necessarily have to identify with them. I hope that at least they will help you decide whether to try trading with this broker or let it go and look for another one.

pros

  • strongly regulated by KNF and FCA
  • stable transaction platform
  • no account management fees
  • Angle Double Right
    low initial deposit
  • Angle Double Right
    quick support from Monday to Friday
  • Angle Double Right
    a well-developed knowledge base
  • Angle Double Right
    a regularly growing list of new trade instruments

cons

  • no support during a weekend

In the network you can still find problems with the dedicated xStation 5 platform. However, I did not notice such problems, so it did not appear in the minuses. Perhaps these other problems are not caused by problems on the part of the supplier but on their own. It’s best to test the platform yourself and get an opinion on it.

Before you decide to trade...

Very often, beginners start to play on forex markets, CFDs or cryptocurrencies without preparation. While in the case of a demo account, this is not a big problem, so in the case of real accounts, it is estimated that over 95% of beginners lose the initial deposit. I have prepared a few rules below, which will allow you to avoid the most common mistakes made by investors:

  • start by testing the platform on your demo account,
  • look for your own strategy and try to implement it consistently. Only when the demo account starts to generate profits over a period of at least 2-3 months, then think about switching to a real money game,
  • you spend as much money on trade as you can get over their possible loss and do not disturb your everyday life.

Summary

The XTB broker has good reviews. I belong to a group of people who value this platform very much. So I definitely recommend using the xStation 5 platform, which is phenomenal. I use both a web, computer and phone application. Quick deposits (with very low commission) and withdrawals (usually paid the same day) of earned funds are posted express. I did not notice any delays or shortcomings on the platform. I definitely recommend it!

simplicity

speed

stability

fee

low commissions - no account fees

sliders

availability

the ability to trade 24/7 - also on holidays

withdrawal

from Monday to Friday between 8 AM to 4 PM

cogs

tools

dedicated xStation5 and MT4 application

support

szybki kontakt - odpowiedź nawet do 30 minut

knowledge

a huge collection of articles for beginners

finally score

* Your capital is at risk. 80% of retail investors' accounts record losses as a result of trading CFDs at this supplier. Consider whether you can afford a high risk of losing your money.


*** This is a english version of polish original post: https://www.inwestycjewinternecie.pl/xtb-opinie-recenzja-komentarze/

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