When he made a statement, his answer was that everything was normal, one month after the incident. But as it’s somewhat complex to use, and you cannot trade without leverage when trading derivatives, it may not be a good option for all profiles. For UK and US users, there is also no option to invest in real shares or ETFs (you’ll always have to trade CFDs), unless you’re a resident of one of the EU countries where they operate.
We recommend using a credit or debit card to make your deposit, and have found that most other XTB trading reviews agree. While deposits with PayPal, Skrill and eWallets are charged at a flat rate of 2%, all deposits made with a credit or debit card are completely free with no hidden fees. The minimum despite aunt for all payment methods and account types is £/€/$250. When trading Forex somwe brokers charge a per-trade commission, while others charge the spread between bid and ask prices. Forex brokers make money by maintaining the spread or by collecting a fixed fee.
The first impression of xStation 5 is sensational because the charts are personally customizable. 82% of retail investor accounts lose money when trading CFDs with this provider. When choosing a broker, it is important to compare the fees and spreads offered by different brokers in order to find the best deal. XTB offers competitive rates, and its commission and spread structure is transparent and easy to understand.
Both xStation 5 (XTB’s own platform) and MetaTrader 4 have mobile platforms for iOS and Android. Similarly to the web trading platform, we tested xStation’s own mobile application, using an Android device. We know it is hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable?
XTB’s extensive range of customer support options are multilingual making them accessible for all traders. The clients are also assigned an account manager responsible for handling any account-related issues that may arise. XTB is one of the leading online brokers in the industry because, in contrast to many other top brokerage houses, it offers traders a large choice of what tools to use for trading.
The most common non-trading fees include withdrawal fees, deposit fees, inactivity fees, and account fees. XTB is certainly a very complete trading platform that offers all the basic functions for trading. It would be nice if they could offer more assets such as ETFs and stocks in all countries, and if the leverage could be adjusted. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
If you’re not convinced this is the best trading broker for you, check out our XTB vs eToro comparison. Market calendar – where you can see all the important market events expected to take place during the day. There’s also a Market calendar page where you can sort through all the events scheduled for the foreseeable future.
The XTB desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The XTB desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds, and even premium research. As a result, traders can view live markets, consult charts, and make the same kinds of trades they would if they were trading live in a real-time environment. The XTB demo account can also provide you with the opportunity to simulate the broker’s trading platform, the xStation, which is available for users as well.
An account fee compensates XTB for the cost of keeping the account open. For XTB you may pay a monthly fee for your account in return for benefits, most often research tools, educational guides, or premium perks. XTB withdrawals can be subject to a fee depending on where you are located and how much money you are withdrawing. Check the account details jfd brokers you hold with XTB in order to check whether or not you will have to pay a withdrawal fee, as this will be different for different areas of the world. XTB CFD providers typically charge a financing rate for holding positions overnight. If you hold a XTB CFD trade for a year you could be charged [3% + LIBOR%] per annum calculated as a daily rate.
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Trader calculator to calculate the commission, margin, and other parameters of each trade. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Check out the current account balance requirements at XTB in our What is the minimum account balance at XTB article.
From 2004 to 2010, XTB experienced strong international expansion and opened offices in several European countries. It’s true that it’s possible to invest in real stocks and ETFs , but for these assets other brokers such as DEGIRO are more suitable. They are generally used by advanced traders to invest with low commissions, trying to capitalise on short-term market trends. Honestly, if you don’t know what a CFD is, I would recommend that you don’t invest with them until you understand how they work; they are even riskier when trading with leverage.
There are 3 ways to contact the XTB customer service department. Firstly, a live chat feature is always present on the platform. It is mostly bot operated but we were able to nab fast responses that were on point. Mostly directing us to the correct section of the website or FAQs. The language support was terrific though with several minor languages supported such as Romanian and Hungarian.
XTB vs IQOption
Traders have a choice of three trading platforms – XTB’s web-based xStation 5, xStation Mobile, and MetaTrader4 . XTB Traders can access over 5,400 instruments and demo account options with all three. It offers a wide and great selection of instruments, offers educational tools, and has prompt customer service. In comparison to others, its stock Index CFD and forex fees are low. Although XTB has no banking license, it is listed on the stock exchange. It is regulated by several top-tier financial authorities including Financial Conduct Authority, KNF, and the international financial services commission.
XStation 5, the web trading platform of XTB is both intuitive and accessible, to provide a seamless user experience. It provides a detailed graph/chart for users to analyze the price movements of various assets. It supports 10+ languages including Spanish, French, Italian, German and Portuguese. Apart from xStation5, XTB offers another broker liteforex trading platform named MetaTrader 4which is available in both web and desktop versions. With low spreads, no commissions, and multiple trading platforms to use, XTB is a comprehensive Forex trader. XTB offers xStation 5, its proprietary trading platform available as a desktop client, web-based alternative, and mobile app.
The user interface is the point at which human users interact with the XTB trading platform. The goal of effective UI is to make the user’s experience easy and intuitive, requiring minimum effort on the user’s part to receive maximum desired outcome. The UI design of the XTB application improves user experience and customer satisfaction, ultimately helping increase the number of users of the XTB application. 79% of retail investor accounts lose money when trading CFDs with this provider. XTB Broker is a leading online CFD and forex brokerage platform that was established in Warsaw, Poland, in 2002. When it was launched, this was the first forex broker in Poland to offer leveraged trading to its clients.
Moreover, it operates satellite offices in many countries and supports several languages. It also offers email support and live chat options for its clients. Moreover, it assigns a personal account manager to every client.
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Besides, there is a specified Islamic Account for traders following Sharia laws with suited conditions and applicable laws available once traders’ status is confirmed. Being a European based broker, the XTB does not offer high leverage ratios recently due to the updates from the EU regulation ESMA. Even though XTB serves additional entities in offshore zone Belize, together with its establishment standards we would consider broker a safe trading environment. While solely offshore firms are not recommended due to high risks to be scams.
What is the safest stock to buy?
- Realty Income Corporation (NYSE:O) Number of Hedge Fund Holders: 22.
- Phillips 66 (NYSE:PSX) Number of Hedge Fund Holders: 41.
- Costco Wholesale Corporation (NASDAQ:COST) Number of Hedge Fund Holders: 61.
- The Coca-Cola Company (NYSE:KO) Number of Hedge Fund Holders: 64.
- Verizon Communications Inc.
In addition, virtual currency worth £100,000 will be provided to investors to invest in any way they like without any risk involved. So even though the results are based on real-life data, the funds they use are entirely virtual. Both XTB and IQOption are regulated CFD platforms that allow users to trade a variety of financial instruments.
XTB reviewXTB Trading Cryptocurrencies
Starting traders will benefit from XTB’s intuitive, user-friendly, customizable, and easy-to-set-up platform. Additionally, XTB has some of the most comprehensive training materials for beginners. For example, their Trading Academy has several learning modules, each of which can be sorted by topic or level of experience, and the content is clear, concise, and well-organized. Finally, onboarding XTB traders will be seamless with a personalized mentoring program, dedicated account management, and a 24/7 customer service team available to assist at any time. CFDs are complex instruments and come with a high risk of losing capital rapidly due to leverage.
Do I actually own the stocks on eToro?
Keep in mind that if you hold a CFD stock position, you do not actually own the stock. Any CFD trade will be marked 'CFD' in the trade line. The eToro investment platform is not an exchange or a market.
You can withdraw cash from your XTB brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to sell stocks or other investments before doing so. Remember that after you sell your stocks, you may have wait for the trade to settle before you can withdraw that money from your XTB account. The XTB trading platform is available for residents in BE. Some financial instruments XTB offer may be restricted in your country. A XTB deposit fee is a payment that one must make by the Licensee and is received by CTC for the Licensee to secure a booking confirmation.
To date, it offers a wide enough range to diversify its portfolio. In addition to forex, you can invest in indices, commodities, stocks, ETFs, and of course, cryptocurrencies. XTB has designed two types of trading accounts, the Standard Account and the Pro account, as well as the Islamic account. The minimum deposit for start a standard account is US$250, which sounds slightly higher than most brokers’ requirements. You can trade CFDs on stocks, ETFs, cryptocurrencies, indices and commodities.
All users at XTB can also access the XTB demo account for free upon sign up. With huge celebrity endorsements over the years, XTB has been a broker that is incredibly difficult to ignore. But the question you want answering is – is XTB a good broker? With over 2,000 tradable instruments across a range of global markets, traders can enjoy commission-free trading. Payment with e-wallets and credit/debit cards is instant.
How do I put money in my XTB account?
At XTB you have the possibility of depositing funds to your account in several ways, including bank transfers, credit and debit cards, Paypal, and Paysafe (formerly known as Skrill). You can deposit funds on xStation or via your Client Office.
The XTB Trading Academy represents a hidden gem and is a must-read for new traders. XTB provides daily market commentary and trading charts in its Market News section. Some are written-only, and others include charts but omit actionable trading ideas. Most articles are free, but some pieces require an XTB account for access.
Good-till-cancelled orders remain in effect until the customer cancels them or the broker executes them. A Good-Til-Cancelled order is a purchase or sell order that stays in effect until executed or cancelled by the trader. Brokerage firms usually have a limit on how long an investor may keep a GTC order active.
Additionally, clients are assigned an account manager to assist them with relevant account-related matters. The mobile version of xStation 5 includes most of the functionality available in the desktop application, except the ability to set price alerts, which seemed like a peculiar oversight. Traders can access XTB’s trading instruments, complex order types, account details, and charting from the Android or iPhone apps. A streaming news feed is also available on the mobile application. XTB fees and commissions depend both on the instrument traded and the type of account.
It gives you all the details of your trade, pip value, spread value, margin and protected profit and loss. XTB offers their own trading platform xStation 5 along with MetaTrader 4. XBT makes EFT trading very easy with their modern cutting edge xStation5 and xStation Mobile platform. Unlike some competitors’ platforms, xStation 5 does not have a built-in tool for analyzing trading activity. This omission dropped them into the lower-ranking tier for this category, as the ability to drill down into one’s trading activity beyond the basic metrics can be invaluable to all traders.
They took 2 days to check and replied me that because Spread and this will not be display on Chart? Don’t trade in this Scam Broker if you don’t want to lose your money. XTB is a global broker making hotforex broker review its footprint almost all over the world. It’s a public company listed in the Warsaw Stock Exchange. With 2100+ instruments and native trading platform xStation 5, XTB is a popular broker.