XTB Review

Our Rating: 5 stars

Website: www.xtb.com

Founded: 2002 (as a group)

Country: United Kingdom

Regulated: Financial Conduct Authority (FCA)

US Clients: No

Min Deposit: $250

The owner: X-Trade Brokers (parent company)

Crypto Trading: Bitcoin, Ethereum, Litecoin, Dash & Ripple

Recent Awards: Best Cryptocurrency Provider 2017 (FinTech Awards), Best CFD Provider 2017 (FinTech Awards), Best Trading Platform 2016 (Online Personal Wealth Awards)

What XTB’s customers say:

Mark via Trustpilot “their level of customer support is good, I use them for some lesser available digital currencies like Litecoin. Their education offers something a bit different too. Overall happy to recommend.”

Laurence via Trustpilot “Honestly, I’ve been trading with these guys for a while now (about a year I think) and I’m struggling to come up with any major negatives. The platform is outstanding once you familiarise yourself with it – and if you’re stuck you can just call up the sales guys and they’re able to talk you through any issues in minutes”

Maisam via Facebook “XTB is simply the best. The level of support is second to none. They provide you with educational material not only online but in person as well which I haven’t seen so far. Staff is really helpful and encourages to use the demo before moving on to the real trading which I have not seen anywhere.”

Introduction

We’re really big fans of XTB  as they have one of the most comprehensive Cryptocurrency CFD offerings around. As a leading UK broker who is authorised and regulated by the Financial Conduct Authority, they also have to uphold extremely high standards so it’s clear to see why they were recently awarded Best Cryptocurrency Provider 2017  by FinTech Awards.

In this review, we take a look at some of the superb features of trading with XTB  and why they are so popular to date.

Trading Platform

XTB  offers two types of trading platforms; MT4 (MetaTrader 4) as well as their own popular and award-winning platform xStation, which was voted Best Trading Platform 2016  by Online Personal Wealth Awards. In addition to their desktop platforms, they also enable you to trade on the go with their FREE mobile trading apps for iPhone, iPad and Android mobile/tablet devices.

What we really like about XTB’s platforms  are the wide range of innovative tools that are available. For example, on xStation they have real time trader statistics, so you can visualise data about your habits and see where you can improve as a trader. We’ve not seen this available anywhere else. They also have a comprehensive charting package which enables you to track historical prices of cryptocurrencies, draw indicators and overlay various technical indicators to help you to analyse where prices could turn to next. It’s quite impressive.

Free Demo Account

XTB offers a free Demo account with $100,000 worth of virtual funds to help you learn how to trade with zero risk for four weeks. Even if you know how to trade, it’s the perfect way to learn how to use XTB’s trading platforms with peace of mind. Apply for a free cryptocurrency demo account here .

Account Types

XTB  offers three different accounts types to suit you personal style and preference; Basic, Standard and Pro. The most popular account choice is Standard and Pro due to the fact both have tighter spreads though we preferred the Pro account as you can get market tight spreads, though will need to pay commission on top. Through the Pro account you can get a spread on Bitcoin of just 4 and Ethereum of 3.7, which is really tight. They also leverage of up to 20:1, meaning that you can gain a much larger exposure in Cryptocurrencies with only having to put 20% of the value of the exposure down as a deposit. However, it’s worth a word of warning here as leveraged trading means you profits and losses are magnified, and does carry the risk that if you don’t manage your risk, you could lose more than your initial deposit.

Education

Unlike some other brokers we’ve reviewed, XTB places a big importance on education. They offer loads of free educational resources to help their clients learn how to trade or become better traders such as an Online Trading Academy , Weekly Trading Clubs, Beginners Courses and Weekly Webinars. So even if you are new to trading Cryptocurrencies, there’s the potential to learn and develop your skills before you trade.

How to apply for an account?

You can apply for a Trading Account with XTB in minutes. Simply go to   and click on Create Account. You’ll then be taken to their secure online application process and once you fill in the relevant details, you could be trading Cryptocurrencies CFDs as well as thousands of other financial markets within minutes.

Risk warning

Trading CFD’s carries risk and there is the potential to lose more than your initial investment. Please consider all the risks before trading.

 

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