XTB

XTB Review: Is XTB Broker Good?

Broker overview and general information

          XTBFounded in 2004 as X-Trade Brokers in Poland by Omar Arnaout and Grzegorz Rosiński, it was rebranded as XTB Online Trading in 2009. In 2012, the company launched X Financial Solutions (now known as X Open Hub) to serve institutional clients.

         xStation 3It is the first trading platform, born in 2013 and evolved into a platformxStation 5As of 2016, it is currently headquartered in Warsaw, Poland and has 12 offices worldwide.

Broker Licensing and Regulation

If you ask whether XTB broker is good or not, you should start by considering the registration, license and supervision from the agency first, which has the following details:

• XTB International Limited is a limited company incorporated in Belize under registration number 000000587 (former registration number 153,939) and is licensed by the Belize Financial Services Commission (FSC) under registration number 000302/11.

• In 2021, obtained DFSA (Dubai Financial Services Authority) license number F006316 and opened an office in Dubai.

• FSCA (Financial Sector Conduct Authority) licensed to operate in South Africa, license number FSP49970.

• Authorised by CySEC, license number 169/12 under XTB Ltd.

• XTB is a trademark of the XTB Group, which includes the following companies:

• XTB S.A. is authorized and regulated by Komisja Nadzoru Finansowego (KNF) in Poland.

• XTB Limited is authorised and regulated by the Financial Conduct Authority in the UK, License No. 522157.

• XTB Sucursal is licensed and regulated by the National Mercado de Valores Commission in Spain.

Broker Products and Services

Trading products

XTB offers a wide range of trading products, including:

Forex

• Currency pairs that can be traded include EUR/USD, USD/JPY, EUR/JPY, GBP/USD.

• Trade on flexible and highly leveraged CFDs (Contract for Difference).

index

• You can trade CFDs on leading indices such as US500, US100, DE30.

• Allows you to conveniently invest in global markets.

Commodities

• CFDs on gold, silver, other precious metals such as natural gas and coffee.

• Products that meet the needs of investors interested in commodity markets

share

• Trade shares of leading companies like Tesla, Apple, Grab, and Alphabet as CFDs.

• Leverage can be used to increase investment opportunities.

ETF

• Top ETFs from iShares, Vanguard, Lyxor, and ARK

• Diversified investment opportunities across a variety of mutual fund types

Trading Platform

xStation5 is a trading platform developed by XTB, designed to provide users with a fast and efficient trading experience. It features the following key features:

1. User-friendly interface- xStation5 has a simple interface design that is easy to use for both novice and professional users. Users can quickly access the necessary trading tools and data.

2. Advanced chart analysis tools- The platform offers a wide range of chart analysis tools, with over 30 technical indicators and a variety of time frames to choose from. Users can customize the charts as they wish and save them as their own trading templates.

3. One Click Trading -xStation5 supports one-click trading feature, which allows users to quickly open or close orders without multiple confirmation steps, which is very useful for day traders or scalpers who need to quickly enter or exit the market.

4. Risk management tools- The platform has easy-to-use risk management tools such as Stop-loss and Take-profit settings to help users limit their risk. It also has a trading calculator that helps to estimate profit, loss and risk before making a trade.

5. Real-time market data- Users can access real-time market news, live economic calendar and price alerts directly from the platform. There is also market trend data showing the percentage of long or short positions held by other investors in the market.

6. Access to a wide range of assets: xStation 5 supports trading in multiple asset classes such as Forex, Indices, Commodities, Crypto, Stocks and ETFs, allowing users to diversify their investment portfolios on a single platform.

XTB Review: Account Types

Standard Account

• Suitable for all levels of traders

• Spreads start at 0.35 pips

• No commission

• Maximum leverage 1:500

• No deposit/withdrawal fees

• Minimum deposit 1 USD

Support and Customer Service

• Head office location

  • 35 Barrack Road, 3rd Floor Belize City, Belize, C.A

• Contact channels

  • telephone number:+48 222 739 976

  • Email:[email protected]

• Contact channels for Thai people

  • telephone number:+66 2 026 1622

  • Email:  [email protected]

XTB Review: Pros and Cons

Pros

• Licensed by leading regulatory bodies

• Convenient deposit and withdrawal

• Wide range of trading assets

Cons

• There are few trading platforms to choose from.

• 24/5 customer service

• Withdrawals take 1 business day or up to 3 days.

• No Copy trade and VPS

• Concerns about FSC Of Belize license

Broker Overview Summary

Overall, XTB is a reliable broker with a license from a leading regulatory agency, suitable for traders of all levels. Its strengths are a variety of trading assets, its own trading platform, and Thai staff. However, the broker still has several limitations, such as few platforms, slow withdrawal reports, no Copy trade, VPS. Overall, XTB is a reliable broker, but it has some limitations. Traders should study the information and consider more before making a decision.

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