Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol XTB.
Pros / Cons
- Lowest FX spreads
- Regulated by FCA (U.K.)
- Emphasis on customer service
- Non-FX spread costs are high
- No back-testing or automated trading capabilities
What Does XTB Offer?
XTB delivers a high-quality experience for the kind of traders who want to improve over the years. xStation is the main platform offering for XTB, and is available for tablets, smart phones, web browser, and even Android and iOS smart watches.
XTB’s costs are relatively low overall.
XTB offers two types of accounts with different fees: the Standard account and the Pro account.
XTB Trading Platform Software
XTB caters to just about every type of forex trader by offering support for the industry standard MetaTrader 4 dealing platform, as well as providing apps for mobile trading on the most popular mobile devices.
Beginner Trader Support with XTB
XTB’s Trading Academy offers new traders a vast array of features and tools geared towards helping novices trade successfully. The academy offers trading courses, video tutorials and articles on trading designed to enhance the trader’s skills at all levels.
It offers its support service through different channels such as email, telephone and live online chat. In this way, the trader can be in continuous contact with XTB, 24 hours from Monday to Friday.
Is XTB Safe to Use?
As a regulated broker, the FCA’s rules and regulations have the company hold all client money in segregated accounts which are ring fenced apart from the company’s funds.
For those who are wishing to invest in Forex and cryptocurrencies, XTB is a platform that you can trust.