You may have heard about XTB because of its positive trader feedback and attractive spreads. Perhaps you are wondering whether it supports XTB MetaTrader 5 (MT5). The article below from XForex will provide information to readers about the latest version of XTB’s trading platform. It’s a unique replacement for the xStation (aka xStation 5). Let’s explore interesting things right here!

Learn about XTB MetaTrader 5 and XTB xStation

What is XTB MT5?

XTB MT5 is the most popular online trading platform developed by MetaQuotes Software. It is used globally by traders and investors. Released in 2010, MT5 is a multi-asset trading platform that allows you to trade currencies, CFDs, options, and futures. 

The platform offers great capabilities for in-depth price analysis (21 timeframes). You can use algorithmic trading apps to automate your trading. The platform allows you to open 100 quote charts with 80 technical indicators simultaneously.

However, currently, XTB only offers a new platform, which is xStation. Let’s learn about this platform through the following sections.

What is xStation XTB?

xStation or xStation 5 is a proprietary forex trading platform developed and owned by broker XTB. While MT4 is popular and can be used by many different trading platforms, even traders who do not need to open an account at any platform can still experience it, xStation requires users to register and open an account at XTB to access the platform.

Previously, XTB offered both the XTB MT4 and xStation platforms to their customers. However, recently, XTB officially phased out MT4 and focused on developing and improving the quality of xStation. This has turned xStation into an exclusive platform with many excellent features, attracting the interest of traders and satisfying many professional and demanding traders.

>>>See more: The information about XTB makes many people excited

What are the outstanding advantages of xStation compared to MT5 on XTB?

xStation XTB with a more intuitive interface than XTB MetaTrader 5

To evaluate the quality of a platform, it is important to first look at its interface. The expanded and easy-to-understand interface is an important factor, in helping investors make transactions more quickly and effectively.

The xStation 5 platform is divided into four main areas:

• The trading product offering table is located on the left side of the screen and displays the prices of the assets.
• The toolbar located in the middle and top of the screen helps traders easily perform technical analysis.
• The trading order table below allows traders to make buy and sell orders, deposit money and withdraw money.
• The center section contains a market price chart, showing price fluctuations over each time step.

Thus, it can be said that the interface of Xstation 5 is quite clear. With an easy layout for convenient operation and monitoring for traders. Even new investors can quickly get used to this easy-to-understand layout.

Switch accounts in just 1 click with XTB xStation

On XTB MetaTrader 5, to switch between different accounts, you have to go through many steps. First, you need to access the “Login” section and then enter your ID and password. Next, select the server to log in to the new account. When you want to go back to your previous account, you have to repeat the whole process.

However, with Xstation 5, switching between trading accounts is much simpler. With just a single click, you can easily switch between accounts quickly and conveniently.

xStation XTB with graphing/analysis tools

The charting and analysis tools on the Xstation 5 platform are truly superior compared to MT5. There are more flexible drawing tools and greater customization capabilities. This allows you to create the chart you want. These tools are similar to the powerful chart analysis tools on the TradingView platform.

With Xstation 5, you don’t need to switch between different platforms like TradingView for strategy analysis and MT5 for trading execution. The Xstation 5 platform lends itself perfectly to combining both of these aspects. This brings convenience and efficiency to your analysis and trading.

Performance and speed are superior to XTB MetaTrader 5

Performance and transaction execution speed may vary between different platforms. Although MT5 has been improved in performance and speed compared to the previous version. However, xStation 5 is still considered to have stable performance and faster transaction execution speed.

In essence, XTB’s xStation 5 platform was developed after MT4 and MT5. It has been built upon learning and using features and performance from both MT4 and MT5 versions.

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

General review of xStation alternative to XTB MetaTrader 5

Outstanding advantages of XTB xStation

xStation 5 is a powerful forex trading platform with a customizable user interface. Supports diverse analytical tools, and automatic and high-speed trading capabilities.

Outstanding advantages of xStation 5 include:

• Customizable and intuitive user interface, allowing users to fine-tune the layout and tools to their individual needs.
• Provides a variety of powerful technical analysis tools and features.
• Supports automated trading and integration with automated trading systems.
• Integrate market information and economic sector news directly on the platform.
• Extremely fast transaction execution speed with high performance.
• This platform fully meets the trading and analytical needs of users.

Some limitations of xStation compared to XTB MT5 and other platforms

It can be seen that xStation 5 has many notable advantages compared to other software. However, there are still some limitations that need to be considered:

• xStation 5 is a trading platform exclusively for clients of broker XTB. Therefore, it is only available to them.
• Although xStation 5 supports automated trading and trading robots, its documentation and automation options are less compared to other platforms such as MT4 and MT5.
• The market and product list on xStation 5 may be more limited than MT4 and MT5.
• This platform requires a stable internet connection to function properly. Internet connection problems can make it difficult to access and use xStation 5.
• Trading data on xStation 5 is stored on the broker’s server. This means you must depend on them to maintain and protect your transaction data.

Conclude

Above is all the information about the replacement of xStation compared to XTB MetaTrader 5. It can be seen that with the extremely unique features of this platform, XTB has made many traders excited. Hopefully, through the article shared by XForex , users can understand and feel secure trading on XTB.

FAQ

How can xStation be accessed?

To access xStation, you need to open a trading account with XTB. Then log in to the platform via a web browser or mobile app.

Is xStation available for all XTB account types?

xStation is generally available for most XTB account types. But you should check with your broker to see if your account supports xStation.

Is the xStation platform available on mobile devices?

Yes, xStation is available on mobile devices such as smartphones and tablets. Support for both operating systems: iOS and Android.