Yes, we rate XTB as a good forex broker due to their FCA regulation, competitive pricing, robust xStation 5 trading platform and FX education material.
XTB Forex Trading Review
Product Name: XTB Forex Trading
Product Description: You get a little bit more than just point and click when trading forex with XTB. Specifically, XTB produce their own currency news, have an excellent FX heat map function and simple dealing ticket. Some brokers I feel overcomplicate their forex layout, but XTB, has all the pertinent information where you need it.
Summary
- Forex pairs available: 57
- Minimum deposit: £1
- Account types: CFDs
- Equity overnight financing: -0.02341% / -0.00159% DAILY
- Pricing: EURUSD 0.9, GBPUSD 1.4, USDJPY 1.4
Trading Platform:
One feature I particularly like on the dealing ticket is that the spread is shown as both a spread and pip, with pip value and daily swap (overnight funding) costs clearly displayed. Plus you can see the performance of where a currency pair sits within the one day range compared to the other major forex pairs.
Pros
- Multi-asset trading
- Competitively priced
- Lots of markets to trade
Cons
- Not UK HQ’d
- No basket trading
-
Pricing
(4)
-
Market Access
(3.5)
-
Online Platform
(4)
-
Customer Service
(3.5)
-
Research & Analysis
(3.5)
Overall
3.7- Expert opinion: XTB reviewed & rated