Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.
If you are looking for a broker with a good reputation then XTB could be the right one for you. Founded in 2002, and regulated by the FCA in the UK this broker has a history of good client service.
Traders will find tight spreads at XTB on Forex and on the other available instruments like commodities, indices, equity CFDs, options, and ETFs. Clients can use 2 platforms to trade with XTB, the xStation and the famous MetaTrader 4. Android and iPhone apps are supported for both.
Deposits and withdrawals are fast and easy and can be processed through several possible options like standard bank wire and credit card transfers. Furthermore, clients can use popular online payment systems such as e-Wallets - PayPal, Neteller, and Paysafe. Based in London XTB can be easily reached by clients either in their offices, on the phone or their live chat support.
Forex, commodities, indices, equity CFDs, options and ETFs
US, India, Pakistan, Bangladesh, Nigeria & Indonesia.
xStation, MT4, Mobile Trading App
Apple - Yes, Android - Yes
They offer a nice referral bonus of £40 not just for you but for your friend you refer as well. Also, it’s possible that you can earn up to 1.1% monthly on your cash balance with them. Another good thing is that hedging is allowed, so you are not gonna have to worry if you need to open contrarian trades. XTB also offers guaranteed stop loss orders on basic accounts as an extra layer of risk management. The broker executes client orders using straight through processing for your benefit.
Normally, every broker can not be right for every trader, hence, XTB will probably not be suitable for all traders. For starters, using robots or otherwise known expert advisors for making your trades is not allowed with XTB. Furthermore, there is no support for automated trading and signal trading. Virtual private servers are not a feature you will find with this broker either. Muslim traders will have to look for another broker if they want a swap-free account.