XTB broker review UK – the company offers trading in forex pairs, commodities, stocks and ETFs. Its website is available in 20 languages and features an extensive educational section and a mobile app. In addition, XTB offers 24/5 customer service in multiple languages.
Traders can open an account with XTB by providing personal details and answering a few simple questions on the website. They can also select their preferred deposit method. XTB charges no fees for deposits, but USD transfers to electronic wallets carry a 2% fee. Withdrawals are processed quickly, though they can take 1 day to reach the bank.
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While XTB is an aggregator and not a market maker, they do offer competitive pricing. Spreads on major currency pairs are tighter than industry averages, and there is a low fee for stock CFD trading (again, spreads are listed for each instrument). Cryptocurrency enthusiasts can trade 50 of the most popular coins – although it should be noted that U.S. residents are not allowed to open an account with the broker.
- XTB’s seasoned research team provides news and analysis via its website and the xStation platform. The company’s ‘top stories’ and economic calendars feature market impact meters, and there are detailed event summaries for individual stocks. The site also includes a heatmap tool, which reveals the price movement of instruments over time. Negative balance protection is offered by all XTB entities, including the UK and Belize, and there is a compensation scheme for UK traders in case of insolvency.