XTB MT4 Broker Review | Trade Forex Online

XTB Review |XTB MT4 Broker

XTB MT4 Broker for Online Forex Trading

XTB MT4 can be traders here with ease of mind, XTB MT4 Forex Trading is one of the better trading experiences you will have a trader, this is a top-notch brokerage and one of the largest in the world . for good reason.

Unlike other Forex Brokers that offer Trading in currencies, they don’t treat you as just a number but a valued partner – they aim to establish a long-term relationship with you to help you trade successfully.

XTB  Review

We, Will, explain as to why this Broker is one of the best Choices you can make when selecting a brokerage.

XTB was founded originally as a company called X-Trade. The was founded in 2002, was the first forex brokerage that was established in Poland.

Today, they have become the 4^th largest stock exchange listed forex and CFD brokerage firm in the world.

XTB’s operations cover most of the world and have offices in more than 13 different countries including Poland, France, Germany, Turkey and the UK.

Like most brokers that are located In different countries even continents, they are regulated with different entities in order to be able to provide legal Trading services to the people in those countries.

They hold licenses at BaFin, CMB, FCA and KNF. They have to build a good relationship reputation are winning prizes all over the financial world for the best trading platform and best service. In short, this is a broker you should take seriously as much as he is taking his traders serious.

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XTB Reliability

Established in 2002 as X-Trade, XTB is one the largest publicly owned forex brokerage in Europe. The broker has its headquarters in London and is regulated by the UK’s Financial Conduct Authority (FCA) as well as various other financial regulatory agencies in Europe such as the KNF, BaFin and CMB. Since they have been in the business for over 15 years they have established themselves as a reputed and serious brokerage and one of the better retail forex brokers in the industry

The regulatory oversight provided by the regulatory entities provides the traders with the insurance that this broker is on the level.

Also in a worst-case scenario, the traders are insured under a compensation scheme known as the Financial Services Compensation Scheme (FSCS) up till the amount of £50,000. Most of the brokers in Europe that are not under the same regulation will have a compensation insured for around half that amount so this is again something that will give traders peace of mind.

Support

XTB offers support to their traders during the entire week that the markets are open. this means 24 hours a day for Monday till Friday. This makes sense if you are a global brokerage that has clients in all regions in the world

The support is also offered on a local level in 12 different countries.

One of their sales propositions is that they truly believe and implement transparency and clarity, especially when it comes to their spreads and trading conditions. This is a broker that will appeal more to the traders that have been shopping around and are looking for a broker that is able to handle their volume and provide trader related service of the quality they need.

XTB MT4 Trading Platforms

XTB has 2 main types of trading platforms for its traders to choose from, the MetaTrader 4 (MT4) platform and the xStation 5 platform.

The MT4 trading platform is the most popular trading platform in the industry and comes with a wide range of trading tools.

They allow expert advisors and the Their MT4 comes with all the bells and whistles that you are able to get. the platform is of course also available on mobile allow you to trade on the go and where ever and whenever you want.

Thou most people prefer to trade on the MetaTrader 4 there are people that feel more comfortable trading on a web-based trading platform. And for this, they have the xStation 5.

For a web-trader, this is one of the better ones in the market and has won several awards. It is extremely fast and includes numerous trading features such as a trading calculator, advanced chart, trader statistics and equity screener.  And of course, this platform is also available in a version for mobile and tablet. Which would, in my opinion, be a better solution then the MT4 mobile application.

Account Types

To make sure that they are able provide everything a traders needs regardless of the level of the trader or investment, XTB offers 3 different accounts   Basic account, Standard account and Pro account.

Basic Account

• • Minimum initial deposit requirement $250
  • Fixed Spread
  • Instant Trade Execution
  • Personal Account Manager
  • Guaranteed Stop Loss

Standard Account

• Minimum Initial Deposit of $250
• Floating Spread
• Market Execution
• Personal Account Manager
• Automated Trading

Pro Account

• Minimum Initial Deposit of $250
• Market Spread
• Market Execution
• Personal Account Manager
• Automated Trading
• Commission Applicable

Commission & Spreads

The biggest difference between the accounts is actually how the spread is offered and calculated

The minimum spread for major currency pairs such as the EUR/USD starts from as low as 0.0002 pips for the Basic account and 0.00009 pips for the Standard account and 0.00003 pips for the Pro account.

For more information about the market spreads, Traders can check out the XTB’s Price Table on their site. The information on the price table is constantly being updated in real time.

Pros of XTB

• Multiple Account Choices
• FCA Regulated
• Low Minimum Deposit Requirement for all accounts
• Award Winning Trading Platform
• Cash Back and Refer a Friend Promotion
• Localized Support
• Reputable Broker
• Ultra Tight Spreads

Cons

• Social Trading Not Available
• Support only available 5 days a week

 In Short this is a premium Brokerage that is above average in every aspect of that is relevant for traders. XTB MT4 Forex Trading in addition to the other cryptocurrencies they offer is one of the better solutions for those

XTB MT4 Broker Details | XTB Forex Trading broker details

Main competitors

LegacyFX | XM.com | FP Markets | XTB | FX Open | Markets | Profit Trade |  FXTM |  HYCM