XTB

XTB is a leading European broker that was founded in 2004 and is one of the largest stock exchange listed brokers in the world, with offices in 13 countries. As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. XTB Online Trading (XTB) offers potential clients many of the tools that are needed to be successful in the online trading arena.

Traders can choose from CFDs on FX, Indices, Cryptocurrencies, Shares, Commodities and ETFs. XTB is known for its speed of execution and has won numerous awards for its research tools. Its proprietary platform xStation 5 is renowned for providing excellent user experience and trade execution. XTB offers free educational material to their clients to learn how to trade, through their Trading Academy which is on another level compared to other brokers

XTB PRO Review 2024: Pros and Cons
:

Pros

• 0% commission on all supported markets
• Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
• One of the best high-leverage brokers (up to 1:1000 available)
• Highly advanced trading suite that comes packed with analysis tools
• Minimum deposit $250
• Well-regulated
• Accept US clients

Cons

• CFDs only — so traders do not own the underlying asset
• No support for MT4 or MT5

Account Types

• The Bronze account is a great option for beginners and traders on a tight budget. This account requires a minimum deposit of $250. Market-level fees are provided along with fast trade execution. Clients get free access to educational materials, webinars, and analytical research, and can also receive 24/7 customer support via phone, email, or live chat.
• he Gold account is designed for intermediate traders with more experience and capital. To open this account, a minimum deposit of $1000 is required. In addition to all the benefits available on the Bronze account, clients receive an expanded selection of trading instruments and can access exclusive markets. Reduced commission fees and priority trade execution are also part of this account. Additional benefits include a personal manager who provides support in managing open positions and portfolio, as well as regular market reviews, technical analyzes, and trading ideas.
• The VIP account is suitable for experienced traders with significant capital and high expectations. To access this account, a minimum deposit of $20,000 is required. With the VIP account, clients receive all the benefits available on the Gold account, as well as individual trading conditions and personalized service. They have access to premium markets and exceptional offers, as well as an exclusive trading platform with advanced tools and analytics.

Trading Platforms

Traders can leverage the Web Trader trading platform. This platform is available as a web trader, desktop app, and mobile application.

Web Trader is a tried and tested platform with multiple charting capabilities and great performance with trading bots. We tested the Web Trader for this review of XTB PRO. Platform is highly customizable and allows traders to place the following order types:

• Market
• Limit
• Stop
• Stop-Loss
• Take Profit
• Trailing Stop

You’ll also be able to put plenty of alerts and notifications into place, as well as access clear and transparent reports on your portfolio, including the profit and loss of all your positions.

Customer Service

XTB PRO customer service is excellent and works well at catering for all your needs and questions as a trader at any time. Firstly, then have a detailed FAQ section available to access on the broker website.

Additionally, you can contact the helpful support team on over 10 dedicated phone numbers, through email, or a live chat function on the broker website.

Usability

A bunch of features, loads on tradable instruments, and multiple trading platforms won’t mean a whole lot if the package is a chore to use. Thankfully, that is not the case here and our review of XTB PRO confirmed a highly user-friendly and intuitive experience can be had by both novice and experienced traders.

First and foremost, the in-house trading platform is highly customisable — meaning that traders can alter the platform to suit their own personal preferences. This is great for experienced traders set in their ways and novice traders who might need adjustments to feel more comfortable trading for the very first time.

Research

When it comes to research, XTB PRO provides a detailed economic calendar which can keep you up to date with all of the economic announcements on any given day.

They also provide general daily news on all the markets that are offered at XTB PRO which can give you further insight, and detail what their analysts believe the impact of any news may be on a certain asset.

Education

The education offering at XTB PRO is also positive. They provide well for all levels of trader with four specified training levels starting from base, and moving through intermediate, advanced, and premium. This makes sure everyone is taken care of.

Risk Management

Risk management plays a big role in the success of any trader. This is no different when you are trading with XTB PRO. To that end, the broker makes a number of tools available through your trading platform that you can use to manage your risk.

These include your ability to set stop losses, take profits, and trailing stops to manage your positions. You can also put limit orders in place for when you are entering markets.

Finally, the broker also provides margin calls to stop your equity falling below a certain amount if you are trading on leverage.