Nowadays, one of the main criteria for brokers is a variety of services available. It is possible to trade forex, stocks, indices, commodities and also cryptocurrencies. As xtb group is based in Belize, you may get a higher leverage in some countries in comparison with companies based in Cyprus. In contrast with many other brokers, xtb charges commission for the sale of some instruments (stock CFD’s). In terms of standard accounts, minimum spread offered is 0,35.
At first glance, the website is very simple. There is very little text on the homepage of xtb, and the page is fairly short and brief. Unlike most trading websites, this theme is followed on the entire web and this does not mean that there is a lack of information. We consider web design of xtb to be one of the best when it comes to trading websites.
News and other information
You can find traditional news section with several articles published every day on the website. Moreover, there is the usual economic calendar. Brokers can also watch fairly comprehensive series of trading course and live webinars for new investors.
Trading with xtb offers you choice between xStation 5 and MT4. Since both can be used either as a web trader, or downloaded as an app, this choice is mainly based on visual preference. To sign up, it is necessary to fill in some personal information, with no verification needed. There is a separate demo account which can be used to 30 days. It is possible to read news inside the application or access market sentiment and other tools, for instance, heat map of currencies. Both of the platforms can be described as lean and very simple. Paradoxically, they are so simple in fact that some new traders might find them difficult to use properly. On the other hand, people with sight issues might have some difficulties with using this website as the buttons are very small. Although some of the functions are a bit hard to find, selecting usual parameters for each trade such as stop-loss or take profit can help you.
Conclusion and information about broker:
In summary, we consider this broker to be one of the best we have reviewed as the web design is excellent and it includes a wide range of the auxiliary services. Business application is very good but it also has its drawbacks. Since xtb group is based in Belize, many EU regulations do not fully apply to it. This can be considered both strength and weakness. The main problem is also the fact that the group has offices only in a few countries.
Overall assessment: 1-