XTB Forex Broker
| Name of the Company | X-Trade Brokers S.A |
|---|---|
| Established in | 2002 |
| Online since | 2002 |
| International Offices in | Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovenia, Spain, United Kingdom |
| Payment methods | Wire Transfer |
| Demo Accounts & Platforms | MetaTrader 4, xStation, xOption, xMobile, xTab |
| Different Account currencies | Polish złoty, United States dollar |
| Different Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/HUF CHF/JPY CHF/PLN EUR/AUD EUR/CAD EUR/CHF EUR/CZK EUR/DKK EUR/GBP EUR/HKD EUR/HUF EUR/JPY EUR/NOK EUR/NZD EUR/PLN EUR/RON EUR/RUB EUR/SEK EUR/TRY EUR/USD GBP/AUD GBP/CHF GBP/JPY GBP/NZD GBP/PLN GBP/USD NZD/JPY NZD/USD USD/CAD USD/CHF USD/CLP USD/CZK USD/DKK USD/HKD USD/HUF USD/JPY USD/MXN USD/NOK USD/PLN USD/RON USD/RUB USD/SEK USD/TRY USD/ZAR |
| Regulated & Registered by | CNMV (Spain), Czech National Bank, FSA (Poland), FSA (UK), |
| Are US Traders allowed? | No |
| Bonus? (detailed) | |
| Languages in which website is available | Czech, French, German, Hungarian, Italian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish |
| Languages in which Support is available | English, French, German, Hungarian,
Italian, Polish, Portuguese, Romanian, Slovak, Spanish |
| Different Support methods | Email, Live Chat, Office, Phone |
| Types of account (micro standard executive islamic) | Standard (Fixed), Standard (Floating), VIP (Fixed), VIP (Floating) |
| Minimum account size | $500 |
| Minimum position size | 0.1 lot |
| Type of Spread | Fixed |
| Typical spread on EUR/USD, pips | |
| Minimum spread on EUR/USD, pips | 2 |
| Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:100, CFD – 1:100, Indexes – 1:100, Soft Commodities- 1:100 |
| Real Trading platforms | MetaTrader 4, xStation, xOption, xMobile, xTab, |
| Digits after the dot in quotes | 4 |
| Total Number of currency pairs | 15 |
| Is Free education available? | Yes |
| Islamic accounts available? | Yes |
| Do they have Trailing stop? | Yes |
| Do they have Pending orders? | Yes |
| Is One-click trading option available | Yes |
| Mobile trading allowed | Yes |
| Browser-based platform present | Yes |
| Automated trading present | Yes |
XTB Forex broker or X-Trade Brokers S.A was founded in the year 2002. The advent of internet led to online trading service and XTB broker started this service the very same year. They have their offices in about 11 countries and have been licensed in Spain by CNMV, Czech National Bank, by FSA in Poland and United Kingdom. The website has tutorials, webinars and videos which are available to the traders free of cost and gives an insight into forex trading and the market. They provide Islamic accounts to the Muslim traders who follow the Islamic laws on trading. Some other features which are of interest is trailing stops, pending orders, one click trading, mobile trading, browser based platform and automated trading. The only payment option provided by the company to its customers is wire transfers. The account currencies allowed include Polish Zolty and United States Dollar. They allow trading in about 15 currency pairs which include all the major pairs. They do not allow traders from United States to trade from their account.
The demo account is also provided to its customers and the demo platform include Meta Trader 4, xStation, xOption, xMobile and xTab all of which are also used for real trading accounts. The website and the customer support service are available in 11 languages and can be reached via live chat, email, phone and office. They have 5 different types of accounts for their traders and the minimum deposit required to open an account with them is $500 with a trade size of 0.1 lots. The traders have the liberty to trade in CFD, Indexes and soft commodities along with forex and all at a leverage of 1:100. The spread on the trade is fixed and hence the traders have a fair idea about the cost of the trade before placing the order.
The review for XTB forex broker speaks volumes about its performance in the market and the quality of service offered. The most interesting feature of the company that is liked by many of the traders is that they have a variety of trading platform and also the traders have the liberty to choose the one which suits their trading needs. They have offices in 11 countries which are liked by many as it gives them the liberty to approach the company directly when needed. It being regulated in many countries by different regulating authorities makes it more reliable in the eyes of the customer. Their website and the customer service being available in many languages are also liked by many traders. The customer service is also liked for being friendly, prompt and highly responsive. A few cons mentioned in some of the reviews is that the payment option is very limited with only wire transfers as mode of payment, the leverage is only 1:100 and that the minimum deposit to open an account with them is $500. The average rating given to the company by its users is 5.8 out of 10.