X Trade Brokers: Things you need to know

 

X Trade Brokers

Many people have asked about x trade brokers; therefore, we've decided to share the details of our Research. So if you are interested to know about x trade brokers, then without any further ado, keep reading!

XTB is a reputable multi-asset broker that provides good customer service, a diverse range of forex and CFDs, and a good overall trading platform. The broker's xStation 5 operating system is well-designed and full of new features, and XTB's significant instructional content and studies helped it win Best overall for Research in 2022.

Investment opportunities 

When we talk about the investment, there are 1,848 stock options, 135 exchange-traded funds (ETF), 22 commodities, 36 index options, 5 digital currency options, and 37 forex pairs are all available to traders on the platform. In addition to roughly 7,800 cash shares (non-leveraged) and 150 ETFs, XTB also offers securities. 

Cryptocurrency: XTB offers cryptocurrency trading via CFDs and direct trading of the underlying securities (e.g. buying Bitcoin). Crypto CFDs are still not offered to retail traders or U.K. residents via any broker's U.K. business (except professional clients).

Fees & commissions

XTB has two types of accounts: a spread-only Basic account and a commission-based Pro account, which is only available to clients who satisfy the criteria of authorized Experts in the United Kingdom and Europe. Generally, XTB's pricing is comparable to the average industry, but still, it lags behind the top broker in this field.

Average spreads: According to XTB information from Q3 2021, the EUR/USD average spread was 0.91. (note: the commission-based pro account is being phased out and is no longer promoted).

Standard vs Pro Accounts: What's the difference?

When you are trading in larger amounts, the prices for both the Standard and Professional account holders at XTB are the same, and the minimum deposit starts at 250 main currency (£250, €250, or $250). On the other hand, the Standard account looks much less expensive for lower amounts. Retail traders should choose the Standard account since the Pro account is no longer accessible in most countries (except for older clients).

Discounts for active traders:

A part of the margin (5% to 30%) will be refunded to active traders (including those in the EU that qualify as elective professionals) when they meet specified volume limits, starting with 20 lots per month and rising to 1000 lots for such a complete 30% discount. With the Lower Spreading Program of XTB, the company can engage and helps people to learn forex trading with other active trader programs such as those offered by FXCM, FOREX.com, and CMC Markets.

Is XTB a secure platform?

It has a total Ranking of 95 out of 99, which indicates that XTB is rated as safe. XTB is a publicly-traded company with one tier-1 (high trust) regulation, three tier-2 (medium trust) regulators, and one tier-3 regulator (low trust). XTB is licensed by the FCA.

Conclusions

XTB is a well-known brand that offers a wide variety of tradeable assets, excellent customer service, competitor analysis, and its unique xStation 5 trading platform package.

XTB was the top-scoring broker in our study, education, and total criteria for 2022, given its average pricing. XTB surprised us, and traders looking for a broker to trade FX and CFDs in 2022 should give it significant attention.