The overview of Forex broker XTB
Welcome to another broker review. Today we will be looking at XTB. Here are some facts about this broker that is new to us. The company came out to the market of Internet brokers in 2002. It is operating in UK and is regulated by the UK Financial Conduct Authority. Their offices are located in 13 countries. The company is offering segregated accounts, which are protected by FSCS. It means that the compensation you will get in case of any crisis is up to 15000 ponds. The XTB is known as one of the most stable and awarded broker at the moment in EU.
The selection of accounts XTB offers and their platforms
There are so many reasons to look at the XTB and here is just a few. There are two types of platform:
- MT4 – the most popular one? That you can find everywhere.
- xStation5 – something new but very good. You can take it for a spin with demo account. It is very easy to use, it has superior speeds and it is an Awards winner too.
Speaking of the accounts, the broker has few types:
- Basic account.
- Standard account.
- PRO account.
The basic offers fixed spread, the standard – floating and the PRO – market spread. Accounts set up and the accounts management is of course free in all of them. The minimum initial deposit is 250 pounds at all three. The main difference is that the spread changes dramatically while you’re going from Basic to Standard and then to PRO – 2.0, 0.35, 0, 29. There are plenty reasons why you should use all of the accounts, try them and see, which one is better for you.
Trading Instruments and the Market analysis XTB offers
The main instruments of this broker are the well-known Forex, Commodities, Shares and ETF’s are available at all the account types. Together with this, you will be able to learn the Market with large Market analysis, updating on the daily basis by the XTB specialists. You might also find interesting their Market news translation and Prices tables, so you know what’s going on and you can trade based on those.
The education features can be found on the web site of XTB and are available for everyone. If you are a beginner broker, you will find very interesting on-line webinars for you. And also you can participate in the Trading academy. After this course you will be more confident and you can get demo account with welcome bonus of 100000 pounds for you to become successful trader.
Features, Regulation & License
And if you are still in doubt if you should be choosing this broker to invest your money, here are some features that might help you to choose. This company in Europe by several major regulators including the FCA, Poland’s KNF, Germany’s BaFIN in Turkey’s is CMB license.
They are offering a big variety of pips starting from 0.1. They are a number one platform of 2006 by on-line personal Wealth awards. They are offering one to one education to all of their traders. 24 hour 5 days a week customer support to their clients. The ambassador of this company is Mads Mikkelsen. You would recognize his face, if you go on their web site and also you can watch video with him talking about this broker. So, as a conclusion we can say that it is a very strong broker, highly regulated and safe on the modern market.