XTB Review

As forex broker, XTB offers customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB has comprehensive educational content and research .

XTB pros & cons

Pros

• xTB Founded in 2002, a regulated in one tier-1 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs.

• XTB's xStation platform suite provides excellent usability alongside a robust selection of trading tools and features.

• XTB offers an excellent variety of extensive educational videos and written content, and over 200 lessons via its Trading Academy.

• in the U.K. they launched zero-dollar commissions for share CFDs.

Cons

• XTB does not provide daily video updates in English (but does so in other languages).

• MetaTrader 4 (MT4) is no longer promoted at XTB’s U.K., Poland, and Cyprus branches – though it can be requested .

• Custom investment basket tool has been temporarily discontinued from xStation 5 platform.

• Cash equities are only available in the EU via XTB’s Polish branch.

Offering of investments

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.

Cryptocurrency: Cryptocurrency trading is available at XTB through CFDs and through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except for professional clients).

Commissions and fees

XTB offers two type of accounts one for new comers and the other for Proffesionals– though this option is reserved for clients who meet the definition of elected Professionals in the U.K. and Europe. Overall, pricing at XTB is in line with the industry average but trails the best brokers in this category.

Average spreads:
XTB average spreads on the EUR/USD stood at 0.91pro account is being phased out

Standard vs. Pro accounts: The regular account and professional acount have same pricing at high value trades. The minimum deposits start at 250 base currency (£250, €250, or $250). My choice for retail traders would be the Standard account, especially as the Pro account is no longer available in most regions – except for certain old clients.

Active trader discounts: The proffessional account has a possibilty for rebate .The rebate would start at 20 lots trading per Month.Other companies with similar offerings from FXCM, FOREX.com, and CMC Markets.