XTB UK Review
XTB UK is a Forex and CFD broker that specializes in straight through processing to facilitate trades. Because of this, some of the best spreads in the marketplace can be found at this firm, and as a result many Forex traders are starting to flock to this company as it has so much to offer. The ability to trade several markets certainly makes this a company worth trading through.
- Company Name:
- XTB UK
- Founded in:
- London, England
- The Owner:
- X Open Hub Ltd.
- United Kingdom
- +44 (0)20 3394 1707
- Min. Lot Size1:
- Minimum Deposit:
- Maximum Leverage:
- Languages available:
- English, Chinese, Spanish, Italian, German
Because of the ability to trade so many different markets, this is an excellent brokerage to start out with. On top of that, there are several different platforms that are available such as the MT4 platform, a web-based platform, and a mobile one. With that, you have the ability to trade markets from all around the world and in different platforms.
As mentioned previously, the broker allows trading of CFD’s. Because of this, it allows the trader to access not only the Forex market, but commodity, indices, and metals markets as well. Simply put, you have the ability to trade just about anything you desire. For example, you can place a trade in the aluminum market, while at the same time place a trade in the USD/CAD pair.
XTB offers over 50 Forex pairs, with such staples as you would expect, like the EUR/USD but also offering extremely exotic pairs like the USD/CLP pair. With that, they also have the beauty of extraordinarily tight spreads, as they scour several different liquidity providers in an attempt to find the best pricing.
One of the most interesting things is that they offer three different account types, some of which are commissioned base, while the basic one is based upon the spread like many of the other Forex brokers around the world. Because of this, you can get extraordinarily tight spreads with one of the higher end accounts. Interestingly enough, there is no minimum deposit required to open any of these accounts.
Email, phone, and chat are all available. The XTB support staff are fluent in several languages, and as a result can assist you with any issues. The firm has offices in ten European countries, and as a result there are plenty of different phone numbers available.
XTB is regulated in the United Kingdom, which of course has a lot of benefits. This ensures that there is a significant amount of regulation that XTB had to follow to even get started. Safety of funds is paramount, and that isn’t a problem here. The British governing body is one of the most respected regulatory bodies on earth, and as result we feel very safe at XTB. The large amount of trading markets allows the trader to take advantage of the conditions that global markets may offer, and as a result find this firm as a great “home base” when it comes to investing as well as trading.