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XTB Broker: Best Forex Broker Overall

As one of the largest forex brokers in the world, XTB has a stellar reputation for providing a best-in-class trading experience. Around since 2002, they’re a veteran in the space, though not necessarily the most senior (IG probably gets that distinction).

Still, with nearly two decades of experience, XTB has developed superior technology that they continue to adapt and improve, earning them a spot on our list of the best forex brokers. After becoming a foreign exchange brokerage house in Poland, they quickly expanded and now have thirteen offices across Europe.

With XTB, you can trade on over 2,100 global markets and gain access to a broad asset class of more than 4,000 instruments. These include forex currency pairs, stock and ETF CFDs, stocks, indices, commodities, and cryptocurrency. For forex, you can trade 48 different currency pairs. The currency pairs also include the most popular, such as EUR/USD, GBP/USD, and EUR/GBP.

Trading Platforms Overview

XTB offers xStation 5 and xStation 5 mobile along with MT4. xStation 5 is XTB’s proprietary trading app, and it’s comparable in design and functionality to MetaTrader4. However, it does lack the ability to create custom indicators, which is a base feature in MT4 and a staple in currency trading.

Forex traders also have access to a demo account that gives you $100,000 in free currency to play with and 200:1 leverage. The demo broker’s trading platform trial is limited to four weeks, so make sure you’re ready to start to trade forex before signing up for the trial.

The platform has everything you’d expect to see in an online forex broker, including comprehensive charts and trading tools, a robust trading calculator, and real-time currency market sentiment information.

Key Features

There’s a lot to like with XTB, a leading forex broker, including several must-have features:

Access to thousands of instruments: With few exceptions, you can trade whatever your heart desires. Active traders tend to appreciate the myriad options.

Negative balance protection: Trading foreign exchange markets can be stressful, but you’ll have peace of mind with the knowledge that your losses will never exceed the available funds in your account.

Competitive spreads: XTB offers low spreads and competitive pricing for online trading, starting from 0.1 pips. There are different spreads for standard and pro accounts, with pro accounts offering a lower spread.

No minimum deposit: You don’t need a giant bankroll (or any bankroll) to get started. This is true for both forex and CFD traders.

World-class customer support: With customer support available in multiple languages, everyone can access qualified help. Plus, support is available 24 hours a day, five days a week, so you can get help whenever the forex market is open.

XTB is also a regulated forex broker, with your funds being stored in segregated and distinct bank accounts. Further, in the event of a security breach, XTB has an insurance policy with Lloyd’s of London that will reimburse you up to £1 million (or your local currency) to help make you whole.

And finally, XTB is under the umbrella of the most trusted supervision authorities. The list includes FCA, KNF, IFSC, and CySec.