Forex is the financial market with the leading profitability rate and trading volume today. Therefore, to participate in the foreign exchange market, you need a reputable, professional trading platform that suits your needs. In this article, XForex will introduce you to XTB – one of the world’s leading forex trading exchanges. At the same time, it provides reasons why you should download XTB to trade forex.
Reasons why traders should download XTB to trade Forex
Introducing XTB exchange
XTB is an international CFD (Contract for Difference) broker, founded in 2002 in Poland. XTB offers customers more than 5400 trading products, including forex, indices, commodities, stocks, ETFs, and cryptocurrencies. XTB is present in more than 10 countries around the world and is licensed by reputable regulatory agencies such as FCA (UK), KNF (Poland), CySEC (Cyprus), IFSC (Belize), and CMB (Turkey). States).
XTB is highly regarded by traders worldwide, with many prestigious awards and titles. Some of the awards that XTB has received include.
- Best forex trading platform in 2020 awarded by Global Banking & Finance Review.
- Best CFD trading platform of 2020 awarded by Wealth & Finance International.
- Most trusted forex trading platform in 2020 awarded by FX Empire.
- CFD trading platform with the best platform in 2020 awarded by Online Personal Wealth Awards.
Optimal trading mechanism for traders when downloading XTB
When you download XTB to trade forex, you will enjoy the following benefits.
XForex policies
Some outstanding policies of XTB regarding fees are as follows.
- No hidden fees: XTB does not charge commissions when you trade forex, only spreads (the difference between buying and selling prices). XTB’s spread fees are very competitive, starting from only 0.1 pip.
- No withdrawal fees: XTB does not charge fees when you withdraw funds from your trading account. You can withdraw money via methods such as bank cards, e-wallets or bank transfers.
- No swap fees: XTB does not charge swap fees (overnight fees) when you hold positions overnight. Instead, XTB applies a fixed interest rate for each day you hold the position.
- No maintenance fees: XTB charges no maintenance fees for your account, whether you trade or not. You only need to maintain a minimum balance of 250 USD to open a trading account.
Diverse trading platforms
XTB offers you a unique trading platform, the XTB xStation . You can download XTB to your PC to use on your computer, or download the XTB App to use on mobile devices.
xStation is XTB’s proprietary trading platform, designed to suit all types of traders, from beginners to experts. xStation XTB has outstanding features such as:
- Modern and trader-friendly interface
- Order execution speed is fast, in just 85 milliseconds.
- Diverse technical and fundamental analysis tools, including charts, indices, news, economic calendar, and market analysis.
- Effective risk management tools, including trading calculators, performance statistics, trader sentiment, and market depth.
- Advanced trading tools, including chart trading, pending orders, stopping loss, and taking profit orders.
Accounts are supported on XTB
XTB offers you only one type of account, Standard. This account type suits your trading goals and strategy.
The Standard account is the most popular account type, suitable for traders who want a fixed spread and no commissions. The standard account has highlights such as:
- Free of commission fees
- Fixed spreads from 0.35 pips.
- Leverage up to 1:500.
- There is no limit to the number of open orders.
Instructions on how to download XTB in the simplest way
Once you have decided on the account type that is right for you, traders need to download XTB to start trading forex. Below are instructions on how to download XTB to PC and download XTB App on different devices.
How XTB downloads to a PC on a computer
Step 1: Visit the XTB homepage website.
Step 2: Click the “Trading Platforms” button above the toolbar.
Here 3 options will appear, you just need to select “Desktop App” and select the version suitable for your device to download.
>>>See more: Simple instructions for XTB sign up on your phone
How to download the XTB App on mobile devices
Step 1: Open the CH Play/App Store application depending on the operating system. Then search for the keyword “XForex “
Step 2: Select download and start installation according to the app’s instructions.
Things traders need to keep in mind when downloading XTB to trade effectively
Once you have downloaded XTB and started trading forex, you need to keep in mind the following to trade effectively and safely.
Understand the regulations and policies of the XTB exchange
You need to carefully read the terms and conditions of XTB before trading. To clearly understand your rights and obligations as well as the risks and responsibilities of the exchange.
You need to comply with anti-money laundering (AML) regulations. And know the customers (KYC) of the XTB exchange. By providing personal information and identity verification documents when requested.
You need to conduct transactions transparently and fairly. Do not use methods that are fraudulent, deceptive, or otherwise violate the law.
Avoid being scammed by fake XTB brokers
You need to pay attention to fake parties of XTB exchange. They may use domains, logos, content or contact information similar to XTB to scam you.
You need to carefully check the origin of emails, messages, calls or links you receive from XTB. To avoid being led to fake websites or having your personal information or trading account stolen.
You need to download XTB only from the official website of the XTB exchange. Or from other reputable sources. You should not download XTB from websites of unknown origin or questionable safety.
So in the above article, XForex has helped you better understand the XTB platform and how to download XTB for forex trading. Hopefully, we can help traders find the safest and highest quality forex trading platform. Thereby helping traders optimize their trading strategies and achieve maximum profits.
>>>See more: Overview Review of the XTB xStation trading platform
FAQ
What is the XTB exchange?
XTB is a forex broker, founded in 2002 in Poland. As one of the world’s largest listed Forex & CFD brokers, specializing in helping individual investors access hundreds of international financial markets.
What is special about XTB’s trading policy?
XTB exchange does not charge traders many fees. These include hidden fees, withdrawal fees, swap fees, and maintenance fees. In addition, XTB has a team of experienced support staff. Working 24 hours 5 days a week so it is very convenient for traders.
How to avoid being scammed by fake parties on the XTB exchange?
Traders need to pay attention to domain names, logos, content, or contact information that are similar to XTB to scam you. In addition, traders should download XTB from the official websites of XTB exchange, or from reputable sources.
