In this XTB trading review, we will look at the powerful trading platform that the website offers, as well as its comprehensive education center and live chat option. The website is organized like an ebook and provides quiz options after each level. In addition, the website hosts live webinars, which are popular among traders and aimed at providing an interactive environment for learning.
XTB offers a powerful trading platform
XTB offers a powerful trading platform with a wide range of financial instruments. Customers can open either a standard or a Pro account. Both accounts have the same features but differ in costs and commission fees. A standard account costs less than a pro account but does have fewer trading capabilities. An account is a personal decision and depends on your trading style and goals. XTB also offers a demo account, which is useful for testing different trading strategies and platforms.
XTB’s platform is powerful and easy to use. It supports over 1,500 equities and CFDs. The platform has a three-click trade feature that lets you choose the market, profit target, and stop-loss. After that, you can create a new deal ticket. The platform also gives traders detailed live trader performance statistics.
It offers a comprehensive education center.
XTB trading offers a comprehensive education center to help its customers better understand trading. The courses can be accessed with various account types and service levels. XTB’s Education Center includes Basic, Intermediate, and Premium lessons. In the Basic category, there are 27 lessons covering topics like using MT4 and xStation platforms, risk management, types of charts, and support and resistance. The Intermediate section contains 15 lessons that cover topics like cryptocurrencies, technical analysis, and market positioning.
XTB’s education center offers a large variety of courses and video tutorials. Some are aimed at beginners, while others are designed for more advanced traders. The range of subjects covered in the Academy is impressive, ranging from fundamental and technical analysis to risk management, trading psychology, and advanced tools.
It offers a mobile app.
XTB trading offers a mobile app that allows users to place and manage trades on the go. The app is easy to use and provides access to important market data and information. The platform allows users to deposit and withdraw funds using various funding options. Traders can make deposits through bank transfers or electronic wallets, which is a convenient feature. Withdrawals are processed the following business day. There are no minimum withdrawal amounts.
The XTB trading app includes various technical tools for market analysis. These tools include technical indicators, charts, and risk management tools. It also includes a trading calculator that helps users understand margins, prices, and pip values better. Users can take advantage of educational features, such as tutorials and articles, and practice their skills in a demo account.
It offers a live chat.
XTB trading offers a live chat facility for clients who want to get in touch with the support team. This service is available around the clock, and you can use it to ask questions or get advice from an experienced forex trader. The live chat service is also available in several languages.
The XTB online trading site is regulated by the Financial Conduct Authority (FCA), the primary financial regulator in the U.K. The FCA is a reputable government-backed agency that ensures fair market practices. Although it’s a fact that there is always some risk associated with the market, many traders prefer to have the peace of mind that comes with knowing that a reputable, government-backed institution is managing their funds.
It accepts a range of currencies.
If you are interested in XTB trading, you should first know how it works. Once you register for an account, you’ll be asked several questions. These questions cover financial knowledge, trading experience, and your attitude toward risk. These questions are standard industry practices known as “know your customer” (KYC). This information evaluates risk and will help the broker spot any red flags.
If you’re looking for a trading platform that works with a wide range of currencies, XTB is a good choice. This platform accepts multiple currencies, including U.S. dollars. Moreover, it offers no minimum deposit. You can also open a corporate account and get a lower minimum deposit. Moreover, opening an account at XTB is easy and takes about 15-20 minutes.
It offers a stock screener.
XTB trading is a multi-asset broker with an extensive array of trading tools. Among these tools is its stock screener, which allows you to sort through 1,700 tradable single-stock CFDs quickly. The screener also features trading signals and price analyses from Thomson Reuters, Barclays, and Citigroup. Unlike many brokers, XTB does not provide daily market updates in English but produces them in other languages.
XTB offers multiple deposit methods and currencies. Traders can choose to deposit using their bank account or through e-wallets. They are not charged for bank transfers, but e-wallet payments incur a fee of 2%. However, bank transfers can take up to three business days to clear. Withdrawal fees are also non-existent, but you’ll need to fund your account with at least $250.