This rating is based on Arincen staff’s in-depth research to rank and rate companies on a scientific basis. We have carefully worked on this classification for a whole year to show accurate results and we have relied on the analysis of 120 data for more than 100 brokers depending on the companies’ official websites and the important and approved websites that have contributed to the evaluation of these companies in the past This information was carried out through two questionnaires, one between traders and another time asking the companies themselves to confirm the credibility of the data and we also registered as a hidden trader, to check them third time.
We have taken into account the suitability of the broker or broker for the Arab world, different phones or computers and others. For more information on how we conduct our research, visit the How We Research page. We hope you enjoy reading the company valuation.
the most important ideas
Founded in 2002, XTB Brokerage Company is the first leveraged brokerage company in Poland with a market capitalization of approximately $546 million as of September 2020 and offers its services to more than 200,000 people worldwide.
XTB is regulated by many regulatory bodies and agencies worldwide, the most important of which is the UK Financial Conduct Authority (FCA), which is considered to be of the highest credibility.
XTB is a low risk company that is publicly traded and further regulated by a first level trust authority, a second level authority and finally a third level trust regulator.
XTB brokerage is one of the best options for people looking to lower their expenses.
The company offers many withdrawal and deposit options such as credit cards, e-wallets, bank transfers, credit and debit cards Paysafe, Neteller, Skrill and SafetyPay.
XTB offers 3 types of accounts namely Standard Account, Advanced Account and Islamic Account.
The company offers its own trading platform called xStation 5 in addition to offering the MetaTrader 4 platform for trading on it.
In terms of research, the company is considered to be one of the best brokerage firms in the field of research and offers high-quality analysis through its staff.
The educational process within XTB is very good as the company has a library with lots of information and videos although there are no live webinars only archived recordings.
The mobile version includes the xStation 5 platform for trading, which includes many of the features of the desktop app, with the exception of the ability to set price alerts.
Comprehensive summary
X-Trade was founded in 2002 as the first leveraged brokerage company in Poland, but became X-Trade Brokers in 2004 due to the application of Polish regulations. It then renamed its current incarnation XTB Online Trading (XTB) and went public in 2009, as it did in 2016 on the Warsaw Stock Exchange (WSE) under the ticker symbol XTB. The company has a market capitalization of $546 million as of September 2020 and serves more than 200,000 customers.
XTB is regulated by many regulators and bodies worldwide, the most important of which is the UK Financial Conduct Authority (FCA), which is top notch in its credibility and also does not accept US traders. The company is considered very safe as it has a proven track record of performance and transparency in addition to being listed on an international stock exchange.
XTB has made a great achievement for online trading in recent years, which has helped it access a large number of instruments on the market such as: B.: Stocks, Commodities, Forex, Indices, Metals, Bonds, Cryptocurrencies and other other instruments.
XTB has its own trading platform called xStation 5 as well as the popular MetaTrader 4 platform on the exchange that you can download to your mobile phone and start trading.
Although the company’s secondary costs are industry standard, it was hard to ignore XTB’s low spreads as it sets them apart from the competition. Arrensen’s ranking algorithm takes this into account when figuring out XTB’s appeal for cost-conscious traders.
While their withdrawals and deposits are very fast and they are free most of the time, they also have the facility to open an account hassle-free and easily.
Below we explain the 3 most important aspects that make XTB different from other Forex-Ucompanies distinguish:
The performance of its xStation 5 platform.
Provision of high quality teaching materials.
Their customer support team is very special and meets all the needs of traders.
XTB provides its clients with free training materials to learn to trade through its online trading academy, which can be easily accessed from any website or platform. It also offers a large number of services such as a trader library, a daily trading guide and information on how to trade on global events affecting the markets.
Although real stock trading and ETFs are available in some European countries, XTB suffers from some key weaknesses, including: Stock CFD fees are high, the product range is mainly limited to forex and CFDs, and the underlying data offered by XTB only covers a few Basics from like P/E.
Is XTB safe?
Yes, XTB is considered low risk as XTB is regulated by many governing bodies and authorities around the world and perhaps the most important of these is the UK Financial Conduct Authority FCA which is considered to be of first degree credibility Track record and transparency Listing on an international stock exchange.
In addition, they keep their clients’ funds in segregated accounts from the company’s funds, clients’ funds up to £85,000 are protected by FSCS in the event of the company’s insolvency.
Customers’ deposits are kept segregated from the company’s funds and although it is a highly credible company, customers’ funds are only protected within the UK and Cyprus. There is no additional protection for an IFSC-regulated broker, nor can they identify external auditors or custodians, although both are applied according to regulatory requirements.
