X-Trade Agents (XTB) Review 2019

XTB offers accessibility to various markets like forex, stocks, indices, metalsand commodities and even cryptocurrencies. The Business is governed in the United Kingdom and filed with the Financial Conduct Authority (FCA). XTB traces its history back into Poland and has been publicly listed on the Warsaw Stock Exchange and filed together with the Polish Financial Supervision Authority. Spreads, trading expenses, and accounts fees were roughly average for the sector overall; nonetheless, forex spreads were always better than ordinary. A custom made trading platform, xStation 5, and also MetaTrader 4 were readily available to your desktop together with mobile programs.

Pros

XTB Features access to over 3000 trading markets
Dealers can explore the accessible markets through hunting tools
XTB is enrolled with the FCA from the United Kingdom

Cons

Guaranteed stop losses are only available in the “fundamental ” account form
XTB includes a compulsory first investment of $250

Commissions and Charges
3.4
XTB has reduced fees and prices total. But using a “expert ” accounts, prices for a few forex pairs and also indicators were further under average. Dealers should appraise XTB’s real costs dependent on the markets or instruments they concentrate on.We established our evaluations on the cheapest blended commission disperse readily available to your accounts. Investors may use ensured stops at the “fundamental ” account amount, which might boost trading costs but can be valuable for investors searching to get that sort of protection. Most accounts fees were average to the business with minimum mandatory deposit of 250 GBP, USD, or EUR.

Trust
4.6
XTB is governed by multiple distinct agencies and organizations. Their authorities comprise the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySec) along with the International Financial Services Commission (IFSC). XTB provides negative equilibrium security, ensured stop-loss, business average safety, and accounts insurance.Many brokerages have sites which aren’t too forthcoming in their fees and commissions. A few of those sites feel as though they’re attempting to avoid giving off their pricing strategy until the customer has produced an account. XTB abstains from the secretive practice by putting their pricing at a prominent place on their website and using a comprehensive pricing chart for each one the resources they supply.

Desktop Expertise
4.4
XTB’s custom trading program, xStation 5, needed a rather regular interface using menus, watchlists, graphs, and alarms in a normal design. The stage started fast and also in our experience appeared to have rapid execution. Testing tools, heatmaps, and opinion indicators were simple to discover and provided useful advice. The conventional MT4 system was available for dealers already knowledgeable about the program and its attributes.XTBs xStation 5 stage had excellent performance for the users. Entering transactions, construction watchlists and changing graphs all looked intuitive and simple. That said there were drawbacks. The capacity to produce customized indexes was not an alternative. Obviously, XTB does provide MetaTrader4 that will possess this feature built in.

Mobile Expertise
4.4
The cellular version of xStation 5 comprises the majority of the functionality available from the desktop program, but the capability to set price alarms, which looked like an odd oversight. Dealers can get XTB’s trading tools, complex order forms, account information, and charting in your Android or iPhone programs. The news feed can be streamable via the cell program. Some safety features, like a pin to stop the program from revealing on widgets or watches, were customizable over the cell program.The program ‘s performance was an ideal quantity to compliment the background version. The newly added attribute of biometric protection works, like a fingerprint unlock characteristic, made it a really fantastic cellphone experience.

Particular Features
1.9
The “Particular Features” class is our manner of searching for exceptional characteristics which might not be accessible or anticipated with every agent. Our rating for XTB’s Particular Attributes is reduced for a couple explanations. They overlook ‘t provide societal (or even “replicate “) trading, cash manager account or a totally free VPS support. But, there certainly are a few distinctive offerings which could possibly be well worth another look by several investors. Included in these are trading in the Apple view, a dealer opinion instrument, and a stock screener. In general, XTB hadn’t any genuinely unique qualities to their stage.

Client Support
5
XTB’s customer service can be obtained whenever the markets will be available via telephone, chat, and email. Throughout our testswe discovered that service has been very responsive on the telephone. Our conversation encounter was erratic. It wasn’t rare, by way of instance, because of our discussion requests to be redirected into a email form rather, however in the long run, we had been granted it and support demonstrated its performance. Telephone and chat service can be launched in the trading system. FAQs and instructional tools might also be launched from inside the trading program.

Investment Products
3.4
XTB includes a high number of investment goods available to invest or trade in. Using 48 currency pairs, all over 20 indicators over the Earth, significant commodities and over 1,500 worldwide stock CFDs, they appear to get everything. They also give entry to ETF CFDs as well as cryptocurrency, however, where they really do fall short is that their absence of spread betting.

Research Tools and Insights
4.8
We found that the most fascinating analytical instruments to function as screeners, heatmaps, and sentiment indexes. These instruments were accessible through XTB’s site and inside the trading program. The information feed and analyst site were included several technical fundamental and technical analysis through the afternoon. The calendar was quite good, simple to use and incorporated to the trading system. The majority of their attributes were found inside their trading system xStation 5, although a few other attributes, such as backtesting, might be retrieved in MetaTrader4.

Instruction
5
XTB’s schooling was simple to discover and navigate. We believed that they hit all of the significant issues we were searching for. External experts were used for a couple of advanced topics and plan upgrades, or “freemium” supplementary instruction. The majority of the content has been well arranged in a comfortable lesson arrangement with quizzes and videos. XTB’s academy classes covered material for individuals in many different phases of trading wisdom. Their fundamental, intermediate, proficient and superior classes created a clear route to understand.

Everything You Want to Know
The trading markets accessible through XTB were detailed and prices were significantly lower than average total. Based upon the markets you would like to focus on, FxPro could be less expensive than ordinary or much more costly. We normally believe registration together with the UK’s Financial Conduct Authority a incentive for dealers who demand extra transparency and minimum account security, which has been accessible at XTB. Regular trading performance, “specialist advisers,” back analyzing, and autotrading are accessible through MT4, however we discovered XTB’s habit stage, xStation 5, to become limited. Despite its limits, the custom made program was quite fast and simple to use that ought to be an advantage for traders. Customer support has been above average and quite fast to react on the telephone but more inconsistent through conversation.