Are you interested in trading foreign exchange and contracts for difference (CFDs)? If yes, then you will have to select a broker who focuses on providing accessibility of products for their clients.
So it's no surprise that you found XTB Online Trading, as they are among the most well-known and long-standing forex brokers available today. In addition to foreign exchange, it provides trading on equities, commodities, cryptocurrencies, indices, and more.
It can be challenging to pick a broker with the number of options now present. According to the XTB review (xtb opiniones) by Traders Union, it is one of the good choices for regular traders as well as it is very affordable. Although, this guides you in examining the qualities of this broker and making a well-informed choice as to whether or not they are the best fit for your trading needs.
What is the XTB?
XTB Online Trading is one of the best foreign exchange brokerage firms with approximately 20 years of experience that works mostly in the European Union.
The broker has maintained its position as one of the top options for traders of all kinds despite the intense competition in the sector. They are among the best options because of the low price and the many marketplaces they provide access to.
The broker's xStation 5 trading platform is particularly well-known for its user-friendliness, accessibility to trading and researching tools, and additional features for professional traders.
Who Should Read This XTB Review?
Usually, our reviews are comprehensive enough for both novice and seasoned traders to benefit from reading them. No compromises were made when writing this review of the XTB Trading Platform. To help our readers make an informed decision, we examine all costs involved, functions, and assets (forex, CFDs, etc.).
Remember that it is possible for regular investor accounts to experience a loss when trading CFDs. Each broker has a different ratio.
Is XTB a secure platform?
Many people don’t invest because they are confused about whether or not XTB Online Trading is secured. Well, Don’t worry.! It is authorized by the FCA (Financial Conduct Authority; a UK market regulator) and the KNF (Polish Financial Supervision Authority). For this reason, the XTB broker is properly competent as an independent authority.
Now, it looks like XTB takes the security of your funds seriously sufficient. Your cash will be kept in separate bank accounts, not mixed with the broker's general operating funds.
The broker is similarly concerned about account safety. If you're concerned about the security of your account, you should know that they actually use biometrics (fingerprint/voice verification) instead of a two-factor authentication procedure. For the password, you'll also need to use a combination of upper- and lowercase letters, special characters, and digits.
Pros
- one of the most affordable expenses in forex trading
- Top-tier foreign exchange trading platform
- Cash in/out is quick and cost-free.
- Simple account setup
- Ensures the safety of your account
- Excellent customer service
- Licensed in the United Kingdom and Poland
Cons
- Costs of stock CFD spreads are considerable.
- The underlying equities, ETFs, and commodities cannot be available for trading.
- Does not accept US customers.