XTB Trading UK is a relatively small CFDs/Forex brokerage firm with more than 140,000 clients worldwide.
Though it doesn’t have a massive amount of users, its reputation is relatively high.
The consumer feedback/protection sites back up this statement. Please kindly continue reading our XTB Trading UK review before you trade.
XTB Trading UK Review with Pros and Cons
XTB has mostly got good review grades from the broker rating sites like ours. Most people using the trading services of XTB are satisfied and have given positive feedback. There are also some complaints about it, but they are not material.
Things that people appreciate about XTB Trading UK are:
- The account opening is quick and straightforward. The path of registration
of XTB is free of unnecessary obstacles. - Free withdrawals. Withdrawals and deposits are smooth and fast with the broker.
- The fee of Stock index CFDs and FOREX is meager, and the ETF also has relatively low costs.
- Leading platforms. The offers made via MetaTrader 4 (MT4) by the broker are just ordinary, and the trade of cryptos like Bitcoin is not featured. The XStation5 platforms are present to cover all of these gaps. It has a fantastic look and technical indicators.
- The support is efficient and quick.
- Top-quality education courses and excellent trading team.
And some of the complaints of the clients are:
- Some of the clients said that they were called by the support team of
XTB and were encouraged to deposit more. - Some of the users were given the Pro account when they tried opening the
Standard account by signing up. - Some clients say that there are a few bugs in the platform.
XTB Limited is a registered corporate entity of the UK and is behind XTB. The operations are commonly based in the UK. It is located at Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom. The registration number of the company is 07227848.
The FCA authorizes XTB with the registration number FRN 522157. It is slightly confusing if the brokerage will cover EEA users because of Brexit, but it has excellent coverage over continental Europe. In Brexit’s situation, assessing whether the FCA will be valid for the EEA is difficult.
Why would a trader choose XTB Trading UK over its competitors?
- There are more than 1,500 tradable assets available by the broker.
- Its operations are regulated.
- Negative Balance Protection is given to the traders.
- The platform for mobile trading is impressive and gives alerts for trading.
- You can make a trade based on the price you enter. Also, the customer trader of XTB is perfect and available 24/5.
Trading Platform and Tools
XTB supports three trading platforms: MetaTrader 4 (MT4), XStation5, and the Mobile App. MT4 is proven to be loved by clients and provides some excellent trading tools, which is why it is said to be the centerpiece of online trading. XTB’s version of MT4 consists of drawing tools and technical indicators.
Some of the unique features of its technical trading are:
- A tool to recognize chart patterns. Traders can interpret Take-Profits and Stop-Losses with the help of this tool. This tool can also set the entry and exit levels of the trades without any ease.
- Another fantastic addition to the tools is the Strategy Tester. Traders can back-test the strategies they want to apply and will be able to re-adjust them.
- Custom indicators: Custom indicators can be created and purchased by traders. The installation of these indicators is relatively quick and straightforward.
- Free software is available for those traders wishing to trade through MT4 at XTB. Also, traders can avail of a free browser-based option.
- The proprietary trading platform of the broker is XStarion5. This software is an award-winning piece. The tradable assets available on XStation5 are in a massive range and even more than what MT4 offers. The scores of drawing tools and the execution are excellent on this platform, and it also has a fantastic selection of technical indicators. It is available in both mobile format and web-based format. While these both versions look similar, the web-based version doesn’t need downloading, and it works perfectly with all the major browsers.
To make it clear:
- Traders can purchase and sell more than 4,000 tradable assets. This single platform provides a range of CFDs and Fx as well.
- It gives you clear charts that will be helpful for technical analysis.
- TPs and SLs are put on the chart directly by the users. You can assess your potential profits or losses with the help of a built-in trading calculator.
- The brokers’ team consists of professional traders who share their experiences with you and provide tips to maximize your potential profits. There is an economic calendar that also helps to do fundamental analysis.
- You can have a look at your companion’s trades with the help of sentiment indicators.
- Both platforms mentioned above support demo accounts and real money.
Asset Categories of XTB Trading UK
A massive selection of XTB’s tradable assets covers the below categories:
- From majors to minors and exotics, 48 Forex pairs are offered by the
broker. - Twenty market Indices are available that cover the major markets of the world.
- For commodities, XTB essentially covers Gold, Silver, and Oil.
- The Stock CFDs available are more than 1,500. And this asset class possesses some attractive conditions for trading.
- The number of Exchange-Traded Funds offered by XTB is more than 80. This class of assets contains attractive commissions and leverage.
- The broker gives you an impressive selection of crypto assets. The broker offers Dash, XRP, Stellar, Litecoin, EOS, and IOTA other than blue chips such as Ethereum and Bitcoin.
XTB Trading UK Trading Commissions and Fees
The broker supports two account types: “Standard” and “Pro.”
The commissions and spread depend on the type of trading account. The standard account has a minimum spread of 0.35 pips, and no commission fee is involved in Indices, Forex, Cryptocurrencies, and Commodities. However, there is a commission of 0.08% per lot on Stock-based and ETF CFDs.
The minimum spread a Pro account holder gets is 0.28 pips. The commission they pay on Indices, Forex, Cryptocurrencies, and commodities starts from GBP 3. They also have to pay 0.08% commission per lot on Stock-based
and ETF CFDs.
Research and Education
The broker offers a Trading Academy covering basic, intermediate, expert, and premium classes. Tutorials for the dedicated platform are also available.
Besides Trading Academy, live webinars are also hosted by XTB, and you can check the broker’s official site to confirm the webinar date.
Trader Support
The country-specific phone numbers are available on the broker’s site under the “Contact Us” section. They support more than 20 languages/countries, from Turkey to Thailand and Vietnam to France.
You can also send an email to the provided email addresses specified to the department of support of the country you are trading in.
XTB Trading UK Mobile App
Broker has an award-winning XStation5 platform as its mobile version. The function of this mobile version is similar to the web-based version with the same features.
XStation5 has impressive power on mobile devices, and it is a masterstroke to carry a colossal analytics capability on a small phone.
You can always customize the layout of the mobile platform of XTB. There is even customization for a light and a dark theme.
To Trade or Not to Trade with XTB Trading UK
XTB is a CFDs/FX brokerage that is very easy to access. The fees of XTB are pretty low, and it will not charge any costs if you wish to inactive your account. $250 is the minimum required deposit for XTB.
You can also use electronic wallets and credit cards to make your deposits. The The XTB Trading UK demo account and a brilliant section of tradable instruments are available here.
