XTB has won awards for their 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.
- One-click ordering
- A range of markets, including cryptocurrency
- Ability to produce historical reports straight to your inbox
Deployment: Web, mobile and desktop
Training: YouTube videos
Support: Live chat available via the app
Mobile apps: Yes, iOS and Android
While in previous incarnations XTB has been criticized for limited offerings, for the average trader xStation5 should have everything they need. 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.
Design and Usability
- The trading platform is clean and simple to use
- Verification is quick once ID and proof of address are provided
- Fast deposit and withdrawal facilities
Once your account has been created you will need to top up with a minimum balance of around $250. When it comes to withdrawing, XTB is rare in that they don’t charge any fees, however, providers such as PayPal and Skrill may charge on withdrawals.
The language settings 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.
- Customizable layout
- Two-step login for security
- Helpful trader calculator
Once you’re happy with your layout, 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.
The web and desktop applications of XTB’s systems are incredibly simple and easy to use.
The ordering makes it an intuitive interface, from drop-down menus to toggle bars, it’s easy to find what you’re looking for. The additional information, from market watch to profit and loss predictions, make it easy to use whatever your reason for trading. The bar that appears at the bottom with your latest purchases is also a great visual tool for taking stock of what you’ve traded.
When it comes to mobile, here the xStation5 it loses its sleekness, but the idea behind it is still simple. However, the real points to shout home about are some of the more hidden features, such as the heatmap and the search tool.
With the ability to cross between Forex, CMD, and cryptocurrency this exchange offers a greater amount of opportunities that other traditional platforms, but it could be quite overwhelming to a first-time trader. That’s probably why XTB ask for a summary of trading experience when you join the platform, but with the wealth of help videos on offer and the market watch category, I would assume that it would be easy to get on your feet. Plus, the demo is incredibly helpful to get a feel for the platform and it would be easy to make your first few trades on here to get the hang of it.
So far, XTB is doing well on the consumer reviews, they rank at an average of 4.5 stars out of 5 on Facebook and Google, and that’s probably down to the incredibly easy to use system.
Add to that the zero charges for deposits and withdrawals, all in all, it makes XTB and xStation5 an incredibly attractive platform that’s right for both amateur and professional traders.