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XTB was founded in 2002, and is a Forex and CFD broker with its headquarters in London. It claims to be one of the top 10 Forex and CFD brokers in the UK, and if their ambassador is anything to go by, it seems they’ve reached the heights of Hollywood status. XTB accounts are divided into three types There are three different account types for XTB clients. These are: Basic, Standard, and Pro. However, we should point out that traders residing outside of the UK and Ireland are only able to open a Pro and Standard account.
Leverage maxes out at 1:200, and the minimum spread is 1. The minimum deposit amount for a standard account is the same as the basic, and the maximum leverage is the same. However, this account has floating spreads, with tight target spreads including 0. USD, though spreads could go lower than this. Maximum order size for Forex is 50, 15 for indices, and 15 for commodities. The minimum deposit is once again 250, in either USD, GBP, or EUR.
Market spreads are offered, which means they are the tightest and the minimum spread is 0. Maximum order size is much larger at 100 for Forex, indices, and commodities. Whatever account a trader chooses to open there are a wide range of assets available for trading. These include 49major and minor currency pairs, more than 20 precious and base metals, energy and agricultural commodities, 20 stock indices from various countries, and over 200 equity CFDs. Additionally, there are a wide range of ETFs available to put the amount of CFD markets this broker offers in the region of 1500 or more. Most of the well-known brokers offer MT4 as one of their trading platforms, and that really should be no surprise. It has shown itself to be very versatile, and if a preferred choice for many of today’s traders.