The more successful a trader is, the more the broker earns from the increased trading volume. Market analyzes are issued daily at XTB and sometimes even sent by email. You can read the market analyzes directly on the homepage or on the xStation 5. Interesting trading ideas can be generated in this way or you are informed about important market events.
In the dynamic financial services industry online, success starts with the right trading platform. Whether you’re a beginner or an experienced trader, an automated trading platform can bring you desired results in no time. Unlike the manual mode, the automated trading robots are more accurate and efficient. XTB is a reliable broker with good regulation, also is one of the best Poland Forex Brokers. Operating for many years XTB provides good conditions for beginning and professional traders, with low costs and excellent support, including learning and research materials.
Xtb Compared
The IB program works as a partnership between the traders and XTB. When they open an account and start trading, you will receive a commission. This commission is based on the clients’ trading volumes.
An online application processes new accounts, following well-established industry-practices. The multi-step process gathers personal information on the trader, followed by mandatory account verification to comply with regulatory AML/KYC stipulations. A copy of the trader’s ID and one proof-of-residency document generally satisfies this step. The entire process is swift and takes only a few minutes.
Mobile Trading
EToro’s trading platform allow traders to maintain a trading operation without the need of other news /forums sites. The second available trading platform by XTB, MetaTrader 4 is one of the most popular trading platforms for traders and investors.
This is, by far, the best in the retail FX brokerage space. In addition, XTB charges a 0.5% conversion fee whenever you trade real stocks and ETFs in a currency other than your account base currency. There is no commission for stocks and ETFs if you trade less than €100,000 in a month. While favorable, this is still not the best offer on the market, as some competitors such as eToro or Trading 212 offer commission-free trading without any limitations. A currency conversion fee is charged if you trade an asset in a currency other than your account base currency. For example, if you trade Vodafone CFDs but have a USD account, then the funds will be converted using XTB’s GBPUSD exchange rate. The fees are built into the spread in the case of stock index CFDs.
Then keep on reading as we have battle-tested all of the features and services provided by XTB and outline our findings in detail below. Beginners to trading will appreciate that the xStation 5 platform is both user friendly and feature rich. To withdraw funds, select the trading account that you want to withdraw money from and then select its destination after selecting the desired amount. In depositing funds to XTB, you will first login to the client’s office, go to deposits then choose your preferred payment method. Cashback on every trade you make, a guarantee by XTB traders to both new and existing clients.
In addition to offering low spreads, XTB gives customers a chance to trade with a variety of instruments. As mentioned earlier, XTB offers competitive spreads starting from as tight as 0 spreads for Pro accounts. Their spreads are both fixed and floating with the former being for basic accounts and the latter for standard and pro accounts. The xStation trading platform is efficient and offers fast execution time. Additionally, xStation 5 comes with many features including an equity screener, and a trading calculator. As mentioned earlier, XTB offers a wide variety of tradable assets. Some of the products provided by this broker include commodities, stocks, currencies, indices, CFDs, bonds, and ETFs.
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If video verification is not possible, you must upload a photo or scanned copy of your photo ID, passport or driver’s license. Utility bills and bank statements are accepted as proof of residency. Some European clients can verify their identity via video chat, which is a great feature. XTB accepts customers from all over Europe and from most countries around the world.
- Note that no cryptocurrency CFDs are accessible via any UK entity of XTB, nor are they available to UK residents.
- Swap rates on leveraged overnight positions apply, and XTB passes all corporate actions such as dividends, splits, and mergers on to impacted portfolios.
- XTB’s educational offerings are on par with the industry standard.
- For UK residents, you can do this very easily online by submitting either a copy of your passport, driving license, firearms license, tax credit, pension, or other educational grants.
- To withdraw funds, select the trading account that you want to withdraw money from and then select its destination after selecting the desired amount.
Not only is it unreliable, but it is also not highly-knowledgeable. Today, we can claim that finding a trustworthy company for giving you the best forex broker alternatives is not an easy job. For that lexatrade official site purpose, we have provided you with the best recommendations that were critically selected by rigorous criteria. Forex trading can be fast, easy, and exciting for millions of people across the globe.
XTB offers a professional stock screener in its trading platform. lexatrade courses scam This allows you to select the best values for investment.
The xStation 5 platform has a simple look but is packed with sophisticated tools and provides a user-friendly experience on the web, tablet, mobile, and smartwatches for Android and iOS. Sentiment analysis and heat mapping, a sophisticated stock screener, are among the trading tools that stand out. There are no account lexatrade scammers fees, no deposit fees for bank transfers, and no withdrawal fees for bank transfers over a specific amount (from $50-$200 depending on the country of residence). When trading high volumes, the Pro account is similarly priced to the Standard account at XTB, with minimum deposits starting at 250 base currency.
Author Of This Review
The custom platform offers the most features in an intuitive manner while MT4 is also available for traders who prefer the more standard platform. While its overall costs are lower than its competitors, its offerings are slightly limited. For fast and easy signup and free transaction, XTB is a contender platform for new users. Regular functions like entering a trade, creating a watchlist & tracking it, as well as modifying the charts is easy as the platform is fairly responsive. It loads data swiftly and the tools like heatmaps or screening tool offered information as and when required.
Withdrawals can take up to 2 days, however, some user reviews mentioned a longer period of the withdrawal process. We believe that newbie traders will have a wonderful time using XTB because of their straightforwardness and their ease of use.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. As for the non-trading fees incurred on the platform, there are quite low too. XTB does not charge any deposit or withdrawal fees on bank transfers, and there is no account management fee that you have to pay annually in order to hold an account with them. If you deposit money through credit/debit card transfers or electronic wallet deposits, then you will have to pay standard fees of up to 2% on your deposit.