Independent rating of Forex broker XTB

About company

XTB Forex broker is a trademark of XTB Group. On its official website, XTB calls itself one of the world's largest FX and CFD brokers. By the way, the geographical scope of the company's activities looks really impressive. XTB has offices in more than 13 countries, including Poland, Germany, France, the United Kingdom, and Chile. Quantitative figures are also striking - the client base of the broker contains some 200,000 people around the world.

Trading conditions

• more than 1,500 trading instruments and leverage up to 1: 500
• cashback for closed positions and remuneration for monthly trading volumes; cashback can be used to fund new deals next month
• 48 currency pairs
• micro lot trading is available
• fast deposits and withdrawals
• currencies of trading accounts: USD, EUR, GBP, and CHF
• trading instruments: currency pairs, CFDs, indices, stocks, commodities, and cryptocurrencies.

Trading platform

XTB offers its users two types of trading platforms: MetaTrader 4 and xStation 5. The MetaTrader 4 (MT4) platform is a classic software with a rich feature set and a wide range of tools for effective technical analysis. Those who register a Pro account, receive access to expert advisors and robots for automated trading. The xStation 5 platform is an innovative software developed by the broker. The platform has a simple interface, many popular indicators and tools that help to analyze the market situation. xStation 5 is updated automatically in a real time mode. Both desktop and mobile versions of MetaTrader 4 and xStation 5 are available for download.

Education

XTB has an extensive educational program for traders. It includes four course blocks: basic, intermediate, expert, and premium.

Support service

The broker provides a quality support service for traders. Clients can contact XTB via email, ticket system, live chat, or phone.

Traders’ reviews

The majority of reviews about XTB are positive. Such consensus among traders is rare. Negative comments about the broker on the Internet include slow support services and complex registration procedure.

Advantages:

• regulated broker
• free 30-days demo account available
• useful educational materials for beginners
• large number of trading tools
• quick withdrawal of funds
• 24/5 support service

Disadvantages:

• particularly difficulties with account opening
• no affiliate program
• delayed response from the support service team
• complex registration procedure
• no contests or bonus programs