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XTB Online Trading review

XTB is an easy-to-use and educational forex broker, but is not available in the US.

XTB.com
(Image: © XTB.com)

Our Verdict

The XTB web and desktop applicationsare incredibly simple and easy to use, the ordering makes it an intuitive interface, and it’s easy to find what you’re looking for. The additional information, from market watch to profit and loss predictions, are also top notch additions and useful for traders of all levels, although if you live in the US, you'll need to look elsewhere.

For

  • Trade direct from charts
  • Great trading calculator
  • Option to lock in profits via bulk order

Against

  • Not available to US traders
  • No 24/7 customer support
  • Not all functionality is supported on the app

XTB is a leading European broker that was founded in 2004, and is one of the largest stock exchange listed brokers in the world. While XTB is one of the best forex brokers  available to currency traders in Europe, you cannot open an account if you live in the US. 

XTB review: Platform options

XTB has won awards for its xStation5 platform and it’s easy to see why. There’s a clear left-hand panel with the latest stocks available, and here they range from typical CMD and FX to cryptocurrencies. It’s easy to toggle between the categories.

To the right-hand side is an educational toolbar, full of news, market analysis and educational videos that will help you to choose or complete your trade. For those that want to get stuck in the ability to place an order by right-clicking on the chart makes things incredibly smooth and simple.

XTB review: Features

  • One-click ordering
  • A range of markets, including cryptocurrency
  • Ability to produce historical reports straight to your inbox

While in previous incarnations XTB has been criticized for limited offerings, xStation5 should have everything an average trader needs. What’s more, the option to customize and deliver reports straight to your inbox makes this exchange incredibly easy to use. The heatmap and top movers are tools that make analyzing the market a breeze, and the ability to see the potential profit and loss makes decisions so much more than just a gut instinct. Coupled with the education aspects for amateur traders, this looks to be a platform that helps the trader to move forward, not just buy and sell.

XTB review: Design and Usability

  • Clean, simple platform
  • Fast verification 

The language settings on XTB are extensive and the user interface is crisp and clean. Everything is given subheadings to that the initial screen is not cluttered. It makes it easy to navigate to educational or research subheadings. And in case you get lost, there’s a powerful search tool which compliments the intuitive interface. In terms of color, XTB uses traditional red and green to denote profit and loss which makes utilizing the platform fast and clear, with a one-click ability to trade.

XTB review: Performance

  • Customizable layout
  • Helpful trader calculator

It’s easy to buy and trade with the xStation5 platform. To make sense of your orders they appear in the bottom window, noted as an instant order or a pending order. Here you can keep track of your latest trades and it’s a well thought out viewing tool as it pops up without obscuring any of the trade information you may have been viewing. There’s also a handy trader calculator where you can take note of margins and commissions.

What’s more, you can set up alerts to notify you of any changes and view performance reports and fees via the history tab. These can also be set up to be sent as daily emails. It’s this additional layer of customization that really sets this exchange apart, although there are some slight differences between what’s available via the app and the desktop.

Should you use XTB? 

XTB offers a greater amount of trading opportunities than other traditional platforms, and a host of educational material to help get you started. The platform itself is intuitive and straightforward, while some of the less obvious tools, such as the heatmap, are extremely useful in aiding market analysis. The only real shame is that it's not available in the US, leaving those searching for the best forex brokers in America to look elsewhere.