The best forex trading applications make it simple to trade in foreign currencies from anywhere using your smartphone or tablet. However, identifying the best trading app and researching more information is no mean feat.
For convenience, Traders Union experts reviewed XTB profile, one of the best trading apps to help beginners and seasoned traders learn more features and tools the app offers, how to trade on it, and what it costs.
XTB general information
XTB is a foreign currency brokerage firm with over 20 years of expertise primarily serving clients in the European Union. XTB has remained among those who provide the best values for all types of traders, despite the fact that the industry is highly competitive.
The brokerage sector is where XTB SA operates. Many global markets, including indices, commodities, shares, Forex, etc., are now instantly accessible to retail traders. The business sectors in which the group operates are the institutional and retail ones.
The core of XTB’s retail operations is its online trading service for private clients, based on various contracts, underlying instruments, and assets from the financial and commodities markets. Traders Union experts told that the company offers a liquidity solution to its institutional customers and offers technology that enables users to brand trading environments. The majority of the business’s revenue comes from its retail division.
Enterprise History and Synopsis
XTB Company Profile
The Platform was established in Poland and has its official presence in more than 13 countries. Among other like-minded businesses, the system is registered with the Financial Conduct Authority under FRN 522157 and accredited by the (CySEC) Cyprus Securities and Exchange Commission emphasize TU experts.
Additionally, it has been traded on the Warsaw Stock Exchange since 2016. Since its founding in 2002, XTB has become one of Europe’s most well-known brokers, even using José Mourinho’s image to promote its platform.
Awards
- Best Forex brokers for beginners – Brokertested.com
- Best Customer Service – Annual Review
Customer Base
XTB is one of the world’s largest contract for difference (CFD) and FX brokers and has almost 20 years of expertise in the sector. Its consumer base comprises over 13 countries, including the UK, Chile, France, Germany, and Poland.
Legal entities and regulations
The trustworthy Broker is licensed and regulated by the FCA (UK), FSC (Belize), CNMV (Spain), and KNF (Poland).
Overview of XTB products
The following are the trading assets available on the XTB platform:
· Commodities
About 26 commodities are available for investment through XTB, a significantly more extensive selection. Oil and other energy-producing substances, along with sugar, cocoa, cotton, and metals like silver and gold, are among the commodities.
· Cryptocurrencies
A substantially broader selection of roughly 49 crypto pairings is available on XTB. Among others, it contains Bitcoin, Ethereum, Litecoin, and Ripple. Additionally, compared to many other brokers, the leverage is higher at 1:20.
· ETFs
The company offers 150 ETFs for trading, a significant expansion over what is typically provided by rival brokers.
· Forex
Fifty-seven (57) currency exchange pairs are available for trading on XTB, which is about average for the industry. Exotics, minors (USD/ZAR, EUR/JPY, and NZD/CAD), and majors (USD/JPY, GBP/USD, and EUR/USD) were all represented in the trade.
· Indices
About 35 indices are available for trading at XTB, a much larger selection than many other brokers generally provide. The most popular indices include the equities of numerous of the largest and most recognizable companies in the US, China, and Germany.
· CFD shares
XTB offers more options than most brokers, including 1894 shares or stock CFDs. Several of the most significant US, UK, and European Exchanges are among the choices. Remember that XTB charges a commission of roughly 0.08% on share CFDs.
