XTB
Alison Heyerdahl September 12, 2019 02:46 PM
A well-regulated broker, XTB will appeal to traders looking for a wide choice of tradable instruments, low trading fees and innovative platform tools. However, traders should note that support is only offered for XTB’s in-house platform, xStation5. In 2023, XTB launched a stockbroking service exclusively for UK residents. Investors can now purchase a range of 3000+ global shares with no commission on the first 100,000 EUR in traded volume. In terms of CFD trading, XTB has a single account with no minimum deposit requirement, and trading costs are lower than most other brokers, with spreads averaging 0.9 pips (EUR/USD) and no commissions. XTB offers trading on over 2100 CFDs, a wider range than is typically seen at other brokers, including 57 Forex pairs. Educational support for beginners is adequate, and XTB also publishes frequent market commentary and trading ideas in its Market News section. One drawback is that XTB no longer supports the MT4 trading platform. Hence, all clients must use XTB’s proprietary platform, xStation 5 - though it has won awards for its functionality and intuitive design and our review team loved how easy it was to learn and use.