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4.9/5

4.9/5

Why is XTB Broker chosen by many traders to trade?

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4.9/5

4.9/5

Why is XTB Broker chosen by many traders to trade?

XTB Broker has become one of the leading brokers worldwide. Why? What is this trading platform that makes it trusted by many customers? Explore XForex in the article below.

What does XTB Broker have that makes it so popular globally?

With the inherent advantages of XTB exchange, they quickly received the love of international customers. Specifically, the following can be mentioned:

XTB platform has high leverage (High Leverages)

In the financial world, leverage can be considered one of the most important factors. Because high leverage allows users to increase loans to make larger transactions than their initial capital. This creates conditions for traders to trade “huge” assets. Of course, along with the high profit comes a relatively large loss if it fails.

Broker XTB possesses high leverage
Broker XTB possesses high-leverage

Understanding that XTB provides warnings to minimize risks. Both ensuring the requirements of legal authorities and optimizing the benefits of consumers. Customers will feel more secure when trading with high leverage.

Rich trading platform

XTB Global always focuses on user feel and experience. Understanding that technology needs improvement, while MT4 and 5 have been old platforms for many years, XTB has developed xStation as the official platform for the exchange.

  • xStation: xStation XTB offers a beautiful and easy-to-use interface. At the same time, this platform also integrates technical analysis, a trading grid, and many flexible order placement features.

Broker XTB ‘s fees are optimized

XTB Global offers competitive trading terms, helping users save costs and increase profits during the trading process.

Swap XTB exchange 

This is a fee charged when holding an overnight position on CFD trading products. It is based on the difference between the two interest rates of the two currencies in the trading pair. 

Swaps are applied to reflect the capital fees they pay when borrowing from banks, which ensures positions can be maintained overnight. 

How swaps work is something users need to understand before entering a trade to understand the fees involved and their impact on profits.

Are Broker spreads high?

Spread is the difference between the buying price and the selling price of a certain financial instrument. Spreads are often applied in trading Forex and CFDs.

Depending on the account type you choose and the currency pair/financial instrument you trade, there will be different spreads. From there, it increases competition compared to other exchanges.

Some useful features of the XTB Broker Station

XTB platform possesses a series of great trading features
XTB platform possesses a series of great trading features

Featuring only the xStation 5 trading platform, the XTB Forex trading platform has great features.

Markets Sentiment feature on the XTB exchange

Market Sentiment will provide useful data on the percentage of traders who are Buying (buy – blue) or Selling (sell – red) certain products of interest to Traders.

This is a suggestion to help Traders consider which direction to open an order to get the best trading results.

Markets Depth feature on Broker xStation

Market Depth will provide information about the volume of the currency pair that the trader is interested in or is buying.

Price information is expressed according to the level and volume that the supplier wants to liquidate.

Stock Scanner của xStation XTB Broker

Stock Scanner will provide traders with 15 factors to filter the stocks they are interested in investing in.

They include items such as debt-to-equity ratio, beta risk coefficient, market capitalization, etc. All of those factors will play a role in helping investors evaluate stocks without having to Read a series of financial reports. 

Is the XTB Trading platform defrauding or falsifying information? 

XTB Broker is an online trading platform that is popular globally for many reasons. However, there are still many rumors appearing that affect the company’s reputation.

Clarifying allegations of XTB fraud

The allegations of XTB being a scam have never been confirmed. In mass media or financial news sources. There is no information to suggest that XTB exhibits any signs of non-transparency. Proving that all the rumors about XTB being a scam have many problems. It may be due to competitors or intentional impersonation. Or maybe it’s due to a transaction problem that makes users suspicious and is XTB a good broker?

To deny the prejudice that the XTB exchange is a scam. Let’s take a look at the legal evidence and achievements that the company has achieved. Because, if XTB’s scam was real, they could not achieve such objective recognition.

Is Broker XTB reputable?

As a publicly listed company on the stock market, we can first assess its reputation based on legal documents. 

Legal evidence of XTB exchange

XTB exchange complies with the legal regulations of leading financial regulatory agencies, including: 

License: XTB is licensed and regulated by reputable agencies such as FCA in the UK, CySEC in Cyprus, and KNF in Poland. This allows XTB to operate legally and comply with safety standards.

XTB exchange has licenses from many prestigious organizations in the world
XTB exchange has licenses from many prestigious organizations in the world

User protection: XTB complies with user protection regulations such as MiFID II, ESMA, and Investor Compensation Fund.

Segregation of deposits: Customer deposits are kept in reputable banks to ensure safety and are not used for XTB’s business purposes.

Public reporting: Ensure transparency by publishing information related to business activities, financial data, payment receipts, and other information,…

What achievements does XTB have?

Established in 2002, this online financial trading platform has had significant achievements:

  1. Award “Best CFD Broker in Europe” from Global Banking & Finance Review Awards (2005), “Best Islamic Forex Broker 2018”, etc.
  2. Presence: Own more than offices around the world. XTB has been building a global “ecosystem” to serve customers in many regions.
  3. Product diversity: XTB allows clients to trade on a wide range of financial products, including CFDs, forex, indices, commodities, and shares.
  4. Customer service: Committed to providing the best experience through multilingual support and advice from experienced experts and companies.

Step-by-step instructions  for trading on the Forex XTB exchange

To trade, you can follow each step as follows:

Open an account: Visit XTB’s website and create a trading account.

Fund your account: After successful verification, you need to fund your trading account.

Learn about the products: Before starting, carefully research the products you want to trade on the exchange.

Choose your trading platform: XTB offers xStation 5 for trading CFDs.

Market Analysis: Use technical and fundamental analysis tools to find trading opportunities.

Place trading orders: On the trading platform, you can place orders to buy or sell CFDs at your discretion.

Risk management: Set stop-loss levels to limit potential losses. In addition, smart capital management techniques can be used.

Monitor and adjust: Follow news and market fluctuations continuously.

Withdrawal: Follow the required process on the platform.

>>>See more: Instructions on XTB open account steps quickly 

Log in to your XTB Broker account

To Log in to your XTB account, you can follow these steps:

Step 1: Visit the official website of XTB Broker: https://www.xtb.com

Main interface of XTB exchange
The main interface of the XTB exchange

Step 2: Search and click the “Login” link in the upper right corner.

Click to log in to XTB exchange
Click to log in to the XTB exchange

Step 3: Enter your login information (username, password).

Step 4: Click the “Sign in” button.

If the login information is valid, you will be taken to your account interface.

How to place orders on XTB?

  1. Log in to the XTB Broker web account
  2. Search for the financial instrument you want to trade. 
  3. Check important information like prices, and charts. Besides, there is a difference between the buying price and the selling price (spread).
  4. Select the order type you want to place. Can be a market order. Or pending order. If you choose a pending order, you will need to specify a price and conditions for the order to be triggered.
  5. Enter the transaction amount you want to buy or sell.
  6. Check the order parameters and conditions again. Include stop-loss and take-profit if any.
  7. Click the “Submit order” button to confirm.

Note that the detailed order placement process may vary depending on the interface and version.

Conclude

Above is the information XForex has collected about Broker XTB. We hope that this will be useful and interesting knowledge for you. If you have any questions or add/feedback comments. Please contact the exchange’s Support team to discuss and receive support. And if you are a new trader and ready. Don’t hesitate, to create an account and start trading today!

>>>See more: Trade safely and effectively on reputable Broker XTB

FAQ

Yes, XTB is fully compliant with financial authority requirements. Because of that, the exchange always has policies to protect customer rights. From data security, transaction insurance, etc

When reaching many customers, XTB will also have disadvantages. Depending on trading habits or strategies, those disadvantages may or may not be acceptable.

Disadvantages can be:

  • XTB Forex’s trading accounts are not diverse. Only having Demo and Standard also somewhat limits the trader’s experience.
  • The xStation platform (XTB’s only platform) is not a popular platform. MT4 and 5 are still more popular because they were released a long time ago.
  • The deposit fee is only average. Many customers think that XTB’s real account opening fee is not low.

In fact, for newcomers, regardless of any platform, they will find it relatively difficult to use. Because foreign exchange or financial trading exchanges have a lot of jargon. Therefore, whether it is easy to use or not depends on subjective factors. Each customer of the XTB exchange will have a unique feeling.

FAQ

Mrs. Lina

Mrs. Lina

XTB expert

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Advantages of XTB exchange

  • Year of establishment: 2002
  • License: FCA, CySec, KNF, IFSC
  • Diverse investment portfolio
    Powerful xStation trading platform
  • Very low commission fees

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