These include the swap charges, which XTB’s financial institutional partners calculate the daily released rates using risk-management analysis. Each currency pair has its forex swap charge, and the interest is paid on currency sold and received on currency bought. The fact that the broker is regulated in various jurisdictions provides it with a fairly solid regulation status, as the FCA and CySEC are strict tier-1 regulatory authorities. XTB’s commitment to trader support is palpable, consistently rising to the challenges of a dynamic market environment. Client queries are met with a multifaceted response system – xtb.com reviews from a live chat feature to dedicated email and phone lines. And for those whose trading transcends conventional hours, XTB extends its accessibility, although the exact boundaries of these extended hours are to be confirmed.
Consulta las opiniones de los clientes
So, the Pro Account offers cheaper trading costs than the Standard Account; little wonder, it is offered to high-volume traders. However, as always, diving into the financial waters should be a well-thought-out decision. It’s paramount that potential traders undertake their own meticulous research, aligning their choices with their trading aspirations and strategies. Ultimately, while XTB offers a compelling narrative, the story of your trading journey is yours alone to pen. Boasting a user-friendly interface, XTB facilitates ease of navigation and robust functionality across its platforms, which encompass both proprietary technology and industry-standard options. XTB approaches fees and commissions with a lens of transparency and competitiveness, crafting a structure that balances cost-effectiveness and quality service.
Your Friendly Gateway to Trading Excellence
Push notifications stand at the frontline of this service suite, ensuring traders remain aware of crucial market shifts. XTB offers a robust web trading platform that emphasizes user-friendliness and technical proficiency. With intricate charting capabilities and a plethora of analysis tools, it forms a conducive environment for insightful trading without requiring software downloads. XTB provides traders with an adaptable trading environment across various platforms, ensuring both novice and experienced traders have the tools they need to helm the markets effectively. He writes about all aspects of personal finance, including pensions, investing, mortgages and insurance.
The range of ETFs on XTB is great – there’s over 1,350 ETFs, including the most popular ETFs across the world. You’ll also get a real-time view of your current balance, and your borrowing amount (margin amount and level). Initially specializing in the Polish market, it has become a major player with a strong presence in the CFD and spot investment sector.
Block your withdrawal funds
This avoids overnight fees, which can quickly eat into your profits if you hold positions for several days. In my opinion, XTB offers one of the most interesting models for investing directly in stocks and ETFs, without using CFDs. XTB has a user-friendly interface that makes it easy to navigate and use.
Web Trading Apps
Inactivity is the only line to watch out for, but it only applies after a long period of pause. The 0.5% conversion fees are standard, but can add up if you trade a lot of assets outside the US dollar zone. XTB is a trading company established in Poland, but it has multiple subsidiaries, including one in the UK.
Whether you are a new or experienced trader, this easy-to-use platform is designed to deliver results. A spread fee is the difference between the price you pay for an asset, such as a stock, and the price it would be to immediately sell it. This small margin (difference) is called the spread and it’s how almost all trading platforms make money. What I appreciated about XTB was the balance between real investing and active trading. You can build a long-term portfolio of stocks or ETFs without fees, while having access to hundreds of CFDs on all major global markets.
The next day I got an email that they were rejecting my application because of their business policies and when I asked under what policy, they were avoiding never gave a proper answer. I think they have the best offer and commissions on the market, very intuitive platform and great customer support. XTB’s range of payment options ensures that traders from different regions can easily fund their accounts and access their profits. XTB’s platform is fully optimized for both desktop and mobile, ensuring traders have full access to their accounts and charts, no matter where they are. Whether you are at home or on the go, you can trade with ease and confidence. Though XTB is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses.
Navigating financial transactions with XTB is marked by its simplicity and user-centric focus. Withdrawals are processed without additional charges from XTB, though intermediary or bank charges may apply. This article was written, reviewed and fact checked by the expert team at Nuts About Money. Your money is also protected by the Financial Services Compensation Scheme (FSCS), which means should anything happen to XTB, such as going out of business (very unlikely), you’ll get up to £85,000 back. For instance, swapping Pounds (GBP) for Dollars (USD) is a currency pair and represented as GBP/USD.
Crafting a Customizable Trading Experience
- It’s paramount that potential traders undertake their own meticulous research, aligning their choices with their trading aspirations and strategies.
- For this purpose, we reviewed comments containing both positive and negative experiences on Trustpilot, but also Google Play and Apple App Store.
- They offer a wide range of instruments, educational resources, low fees, and innovations like an e-wallet and an Investing Plan for passive investing.
- XTB offers a very user-friendly platform that is fairly simple to navigate.
- And in general, the spread fees are very low – one of the cheapest brokers in fact.
Comparatively, eToro offers access to 17 exchanges, while Feetrade offers only 11 and Trading 212 offers 14. It is important to note that 77% of retail investor accounts lose money when trading CFDs with this provider. XTB’s user-friendly approach makes it a good option for beginners, but also for experts interested in trading CFDs. It doesn’t feature as many assets as some of its competitors, but it has a decent selection for those who are just starting out, or for professionals who want to focus on major assets.
On Trustpilot, the popular reviews website, it has a score of 3.8 out of 5 (1,400 reviews). That’s great for a company in financial services where reviews tend to be a lot lower (due to bad service). XTB stores customer’s money in a completely separate bank account from their own funds, which they cannot access, and stored with a custodian bank. Although saying that, with stocks and ETFs the rate is 0.30%, which is low. And in general, the spread fees are very low – one of the cheapest brokers in fact.
Clients can withdraw funds online by logging into the secure XTB client portal and selecting the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to make a deposit. For instance, Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card.
The platform also features a Stock Screener, a Heatmap, and Top Movers. XTB is a leading European brokerage firm and one of the world’s largest stock exchange-listed Forex & CFD brokers. It is based in Poland but has offices in more than 13 countries, such as the UK, France, Germany, and Chile; however, its international headquarters is in Belize. The broker provides retail traders with access to hundreds of global markets across different asset classes, including Forex, indices, commodities, stock CFDs, ETFs, cryptocurrency, and more.
As there’s thousands of assets to trade, that’s a lot of fees to go through! So it’s best to check out the XTB website¹ if you’re interested in any particular asset fees. There’s actually over 5,400 – which is a great range for a trading platform. Buying the investment directly is great for longer term investing, holding over months or years, as (with XTB), it’s very cost-effective – you won’t pay any fees to hold your investments.
- Starting with Trustpilot, XTB was reviewed by 964 users and it was given 3.9 out of 5 stars.
- This diverse offering assures traders can capitalize on varied market conditions.
- XTB’s xStation 5 offers price alerts that automatically inform you when the price of assets important to you changes in a way that might affect your trading plans.
- The broker generally does a great job incorporating education throughout its trading platform suite and website.
- I was able to easily alternate between spot purchases and leveraged strategies, all on a single platform.
Their range of available financial assets compares fairly to other big brokers, such as Fusion Markets and IC Markets. Guiding the vast sea of brokers, XTB emerges as a beacon for those keen on a balanced mix of user-centric design and robust functionality. Particularly suited for individuals who value simplicity without compromising on tools, XTB’s platform boasts an intuitive interface complemented by competitive spreads. This cost-effectiveness becomes particularly pronounced for traders frequenting the markets. XTB, renowned for its versatility, is ideally suited for both novice and seasoned traders.
However, there were also reports of the platform closing users’ positions in the middle of the night, without their instruction and without even notifying them, because the market moved a certain way. The most concerning reports say that the firm has frozen their funds and accounts with no explanation, which sometimes lasted for months, and sometimes never got resolved. XTB’s xStation 5 offers price alerts that automatically inform you when the price of assets important to you changes in a way that might affect your trading plans.
So, with XTB, you will benefit from super-fast trade execution and low spreads with no dealing desk intervention. Your Buy/Sell Orders are executed at the best available market prices after the order is triggered. The trade can be filled at exactly the same level, slightly better or a slightly worse price. Limit Orders and Take Profits are executed at the set price or better, while the Stop Loss (SL) Orders are executed at the first available price after the set price is reached. In some cases, SL may be executed at a price that is slightly worse than the price at the order. The no dealing desk intervention allows for ultra-fast trade execution speeds.