Great platform: This is one of the best platforms out there. Unlike many brokers web offerings it gives you the ability to hedge positions allowing you to view all positions on one screen.
Range of markets: XTB offer one of the widest ranges of markets via their CFD’s.
Customer service: Good user experience from their customer support.
Account type : CFD’s, Forex
Markets: Forex, Digital, Equity Exchanges, shares, precious metals, commodities
Category: Market Maker and ECN
Status : New and experienced traders
Regulation: UK FCA plus KNF and CMB
Smallest position on forex: 0.01 of a standard contract
Open an account: xtb.com/en
About the broker
XTB offer a wide range of asset classes predominantly as CFD’s although they do offer forex as well. Operating largely as a market maker they are able to offer very competitive spreads across their offering. They also have pro version of forex which is an ECN type using a tier 1 bank.
The pro version offers tight spreads and low commissions plus those frequent traders can qualify for reduced spreads.
XTB have a strong focus on customer support with each client being assigned their own personal account manager plus their customer support team which is operated 24 hours a day from Sunday to Friday.
Their customer facing technology is where they excel, as you will see with our review on their platform which in terms of ease of use and trade transparency (You can see the spread, the overnight costs etc before you trade) has to be one of the best out there.
The platform is one of my favourites. Visually it is very pleasing in the standard format. The functionality is good as well, it is like someone has asked what a trader may want!. It allows traders to hedge positions for example you can have a long swing and a short intraday trade open at the same time (something many platforms do not allow). It has all the benefits of MT4 but is actually easier to use.
You can add standard stops and targets and still adjust them on the charts. Even if you just add a standard stop, it ensures that you never open a position and have no protection.
There is also a number of other tools available on the platform including market sentiment, news, stock scanner, heat maps etc.
For those that like the MT4 platform, this is also offered so you can use all your existing settings.
The charting package that comes with the platform is quite basic but all that most traders need. You can float the charting part out of the main platform to use on other screens, plus you can use the pages feature to look at other charts and time frames with the click of a button.
As with most charting packages you can adjust the settings on indicators. It falls short on pivots having only two levels and lacking multi-timeframe options but these can be manually calculated.
If you want something more than this at some stage you might want to look at subscribing to a specialist charting package such as eSignal or Trading View.
- EUR/USD 0.30 0.70
- GBP/USD 0.60 2.40
- USD/JPY 0.50 0.90
- AUD/USD 0.50 2.20
- USD/CAD 0.60 2.60
- AUD/CAD 0.70 4.50
- GBP/JPY 1.80 7.20
*Figures quoted for target spreads on Pro. Commission from $2.50 each trade ($5.00 open and close round trip)
Rates in bold standard FX mid day.
Opening an account
Opening an account with this broker is simple. You will need to provide proof of address and identity (Passport). They have a wide choice of options to fund your account. Their minimum account size is £250.
Just click here or click on the logo to open an account.
Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital, as prices may move rapidly against you and you may be required to make further payments to keep any trades open. Between 74-89% of retail investor accounts lose money when trading CFDs. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.
You can read more about risk by clicking here. We strongly recommend that you fully understand the risk in trading before opening an account with any broker.