If you’re new to trading, you may be wondering whether XTB is the right choice for you. It offers a demo account, a good economic calendar, and charting tools. And, it charges a low spread. In this XTB trade review, we’ll look at why it is a great choice for beginners and experienced investors alike.
XTB offers a free demo account
XTB trade offers two types of accounts: a Standard account and a Demo account. It has subsidiaries in Latin America and Europe, and offers its xStation trading platform in various versions for computers, smartphones, and smartwatches. To open an account, users need to register by filling out a simple online form and agreeing to be contacted by XTB. Once the forms are approved, users can access their trading platform and access quotes.
XTB trade offers a free demo trading account that can be used for 30 days before you start making trades with real money. You can use the demo account as long as you verify your identity and agree to the terms and conditions before making real trades. During the trial period, you can try out new trading signals and analysis techniques before making a live investment.
You can register for a demo account with XTB by following the link on the brokerage’s home page. Once you sign up, you’ll be given access to a $100,000 virtual balance.
It has a good economic calendar
XTB is known for its robust economic calendar, and its news feed is a useful feature to keep up with global markets. The calendar allows you to apply filters and keep track of news and events that could affect your positions. You can also set up alerts to be notified of suspicious activity.
XTB’s Economic Calendar has an interactive format with market impact ratings for individual indicators. It also contains written market news and a variety of technical indicators. XTB’s news panel also includes trading signals and articles from its staff. The site also provides price analyses from Thomson Reuters, Barclays, and Citi Group.
XTB also offers detailed asset information and stock performance metrics. When you place an order, a popup will show you how much the trade is worth and what the spread, commission, and swaps are. This feature makes it easy to know where you stand before entering a trade. XTB is an excellent choice for any Forex trader.
It has good charting tools
The XTB trade website comes with a good selection of charting tools. The xStation 5 charting software allows for the use of stop orders, which are pre-determined points above or below the market rate. It can also be used to enter buy and sell orders. These orders are timed to expire and can be configured to last for a particular period. XTB also provides a mobile application that allows for trading on a variety of XTB trading instruments. It also provides access to account details and streaming news feeds.
XTB also provides good educational content. There are webinars and articles that explain the basics of trading and the trading platform. These materials are well written and logically structured. They also include quizzes at the end of each lesson. In addition, the XTB website also offers live webinars and is licensed by several financial regulatory bodies.
While XTB trade has an excellent range of charting tools, it does not offer social trading, money manager accounts, or a free VPS. But it does offer some unique tools that will help you trade more safely and profitably. Among them are a range of charting tools and indicators that will help you make a better trading decision.
It charges a low spread
The fees that XTB charge to its clients are competitive in the online forex brokerage industry. For example, XTB advertises that its Pro and Standard accounts have minimum FX spreads of 0.5 and 0.1 pips. Its average commission fee per trade is $3.50, while the spread is only 0.45 pips.
XTB adheres to a compensation scheme for its clients that is approved by the Polish National Depository for Securities. This scheme is intended to protect clients from loss. The compensation plan covers 100% of funds up to 3,000 Euros, and 90 percent of the remaining funds up to twenty-two thousand euros.
XTB Online Trading is regulated by the Financial Conduct Authority (FCA). This reputable government agency helps ensure that trading is fair. While traders will always accept the inherent risk of the markets, they want to feel secure and worry-free with regards to counter-party risk. The FCA has set a high standard for XTB, which helps ensure that it is trustworthy and reliable.
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