Find a broker who focuses on giving you access to these products if you’re thinking of trading FX and CFDs.
It’s not surprising that you came across XTB Online Trading because it is one of the most well-known and reputable forex brokers available. It provides access to various markets, including equities, commodities, cryptocurrencies, indices, etc., and FX. Additionally, the broker provides its services at a reasonable price, making it the best choice for active traders.
However, it might be challenging to pick one broker over another when so many others are available. To help you understand the value this broker has to offer and determine if it’s the perfect broker for you, we’ve written this XTB review.
Typically, we produce in-depth reviews appropriate for fresh and experienced traders. This evaluation of the XTB Trading Platform is no exception. We examine every fee, feature, and asset (such as forex, CFDs, etc.) and give our readers as much information as possible. Keep in mind that some retail investor accounts lose money when trading CFDs. Each broker has a different proportion.
The Financial Conduct Authority, which oversees the UK markets, and KNF have both registered XTB Online Trading as subject to regulation in the UK and Poland (the regulator for the markets in Poland). The XTB broker thus meets all requirements for authorization.
Now, it appears that XTB takes this seriously enough regarding precisely the security of your money. Your money will be kept apart from the broker’s money in separate bank accounts.
The broker also takes the security of customer accounts seriously. They use biometrics (voice/fingerprint verification) to protect your account even if they don’t offer a two-factor authentication approach.
How are you protected from a scam?
Investment security is of utmost importance to XTB Limited, so all client assets are always kept in separate accounts, with regular FCA compliance checks and FSCS protection of up to £50,000 per person in the unlikely case of insolvency.
Even if XTB provides services to other firms in Belize’s offshore zone, given its establishment criteria, we would still consider the broker a secure trading environment. While completely offshore companies are not advised due to significant fraud risk.
Retail investors at XTB do not pay commissions while trading foreign exchange. Costs are included in the modest spreads, starting at 0.1 pip.
If you are not trading with a swap-free account, sometimes called Islamic history, there are fees associated with keeping an open position overnight. Users of Pro accounts must pay commissions for FX trades. CFD trading south Africa provides a money-making opportunity for traders.
Rules FOR TRADES
There is a micro-lot trading option, and leverage ratios up to 30:1 can be used. Orders must be 0.01 lots or less and no more than 50 lots. The MetaTrader 4 platform allows traders to access automated trading, making the markets accessible round-the-clock.
FEATURES – XTB TOOLS – ADDITIONAL
An economic calendar, price tables, and market news are just a few markets analysis tools available on XTB. The calendar is interactive, and each economic statistic has a rating of its market influence. Written market news is supplied; you may read many market experts from XTB’s perspectives here.
Our investigation of XTB also turned up some outstanding educational resources. Many lessons are available in the Learn to Trade section, ranging from premium experts to complete beginners. Comprehensive courses cover various topics, including using price alerts, conducting technical analysis, and understanding the basics of CFD trading.
VERDICT: IS XTB the right broker?
Our UK analysis of XTB revealed a seriously safe and legitimate broker thanks to its substantial regulation, numerous investor protections, and transparency resulting from its status as a publicly traded corporation on the Warsaw Stock Exchange. With a maximum leverage of 30:1, investors can trade in more than 2,100 different instruments.
Investors can trade commission-free CFD trading south Africa on various trading platforms at their convenience. Nevertheless, deposits and withdrawals could be pricey, depending on your preferred payment method. With so many significant advantages, XTB is a fantastic option for inexperienced investors and traders.