XTB Review – Top Rated Brokerage for 2018

XTB (www.XTB.com), also referred to as X-Trade Brokers, is perhaps one of the most dominant and dependable investment brokerages to enter the online investment industry. Headquartered out of the United Kingdom, XTB reflects active regulation with numerous regulatory agencies and since their inception in 2002 have rightly earned their reputation as one of the top rated brokerages for over a decade. 

XTB.com operates as a trademark of XTB Group and is overseen by their corporate entity XTB International Limited. Serving as the recipient of multiple trading rewards from financial conglomerates such as Forbes, Bloomberg and Wealth & Finance, it goes without question that XTB is an online investment broker that puts their clients first. 

Is XTB a Scam?

XTB is one of the largest stock exchange-listed FX and CFD brokerages in the world. Possessing over 15 years of experience, the track record pertaining to XTB speaks to itself. Regulated and supervised by multiple regulatory agencies, it would be difficult for any investor or competing brokerage to argue the legitimacy associated with XTB. 

The minimum deposit to get started with XTB fluctuates near the industry standard of $250 while a cash back loyalty program is accompanied to investors looking to maximize their earning potential. Supporting multiple trading platforms along with funding methods, those who reside within European countries would be hard-pressed to find a more secure, professional and innovative brokerage. 

Due to X-Trade Brokers extensive regulation and duration within the online investment industry, it becomes quite clear that their trading platform is not a scam. In fact, finding an online broker that possess the reputability reflected by XTB is nearly impossible this day-and-age. 

XTB has expanded their corporate offices throughout 13 European countries such as Germany, France, Turkey, Romania, UK, Poland and the Czech Republic to name a few. Given their office locations within European countries, it is evident that their platform caters towards those who reside within European countries such as Switzerland, Austria, Germany, UAE, Bahrian, Qatar, Kuqait, Saudi Arabia and the UK. 

XTB Regulatory Bodies 

XTB is one of the most established investment brokerages in terms of licensing and regulation. Reflecting several active corporate entities across European countries, XTB is actively regulated by the following regulatory agencies: 

  1. Financial Conduct Authority (FCA)

(i) XTB Limited,Company House No: 7227848

  1. National Securities Market Commission (CNMV)

(ii) XTB Sucursal Spain Regulation

  1. International Financial Services Commission (IFSC) 

(iii) License No.: IFSC/60/413/TS/17

  1. Polish Financial Supervisory Authority (KNF)

(iv) X-Trade Brokers DM SA Regulation  

XTB Trading Platforms 

XTB Online Trading exhibits the MetaTrader4 trading platform along with their 2016 Online Personal Wealth Award winning platform known as the xStation5. Incorporated into their xStation 5 platform would be investment calculators to determine profit, loss and marginal spreads. Advanced charting is integrated so the implementation of technical indicators is plausible along with stop losses, take profits, market orders and pending order options. 

For those who are relatively new to online day trading, XTB supports the MetaTrader4 investment platform which incorporates powerful analytical tools, user-friendly navigation along with applicable trading approaches. A mobile trading app has been developed while their platform works on a universal level with the ability to upload your own customized Expert Advisors (EAs). 

XTB further advanced their platform by incorporating a Strategy Tester, which enables investors to test out their trading approaches risk-free. Being able to backtest your strategies on all market assets through various intervals not only enables you to tweak and perfect your trading strategies before investing your hard-earned money but also enables for more effective financial management of your investment funds. 

Account Types 

Standard Account

  • $250 Deposit
  • Leverage 1:200
  • 1,500+ Investment Instruments 
  • Spread between 0.35, 0.9 & 1.6
  • xStation5 & MT4 platforms supported
  • Equity CFDs and ETFs 0.08% per lot commission
  • No commission on FX, commodities, cryptos or indices
  • FX, Commodities, Indices, Cryptos, Shares & ETFs supported

Pro Account

  • $250 Deposit 
  • Leverage 1:200 
  • 1,500+ Instruments 
  • Minimum spread 0.28 
  • Minimum order 0.1 lot 
  • xStation5 & MT4 platforms supported
  • Cryptocurrencies commission from 2.50 GBP
  • FX, Indices & Commodities 2.50 USD per lot 
  • Equity CFDs and ETFS 0.08% commission per lot

Customer Support 

XTB didn’t mold their operations into one of the most reputable online investment brokers by luck. Their extensive 15 year plus track record indicates a long history of putting their cliental first. Operating in compliance with numerous regulatory agencies while employing multiple layers of security, day traders can rest assured knowing their hard-earned money is in safe hands. 

While some shady investment brokerages will evasively try to portray their operations and ownership information, XTB is upfront with their corporate entities, office locations and provides multiple streams of communication. Supporting live chat, sharing registered office addresses, their email [email protected] along with telephone numbers for each of their office locations, it is quite easy to reach out to XTB’s support team.

Pros & Cons 

Cons 

  • Only 24/5 support
  • No Social Trading Feature
  • Not available in Western Demographics 
  • Commissions could be more competitive 

Pros

  • FCA Regulated
  • KNF Regulated 
  • IFSC Regulated
  • CNMV Regulated
  • Competitive spreads
  • Localized investor support 
  • Standard minimum deposit of $250
  • Supports multiple investment industries
  • Supports Award Winning Trading Platforms
  • Indisputable Positive Track Record over 15+ years 
  • Different account types offered along with Free Demo Account

XTB Review Conclusion 

You will not come across an online investment brokerage that does more to support their day trading cliental than you will with XTB. Reflecting a positive and impressive track record as a leading investment brokerage for over the past 15 years is essentially unheard of. 

Operating under the supervision of multiple regulatory bodies while offering a user-friendly and competitive investment platform, European day traders would be hard-pressed to find a more reputable and innovative trading platform. 

If you are looking to supplement your income through a passive income stream such as online day trading and are available to register and invest with XTB, then we sincerely advice that you consider their platform. Their platform accomplishments and reputability speaks for themselves. 

Summary
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XTB
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