xtradebrokers screenshot

X-Trade Brokers provides forex, indices and commodities trading services and acts as a Market Maker. The website is available in many languages including Czech, English, French, German, Hungarian, Italian, Polish, Portuguese, Spanish, Turkish and Romanian.

The broker received Best Forex Broker in Eastern Europe award from World Finance in 2010. Since then, however, there was no prestigious nomination for the broker performance.

Account Types

Accounts can be opened in the following currencies PLN, USD, EUR. Islamic accounts are available upon request for traders with Islamic believes.

Demo Account

Demo account is available for practice; however during our X-Trade Brokers review, we have found out that it expires within 15 days, which is ridiculously short period of time. Most brokers today offer unlimited practice account and, honestly, there is no logical reason not to do so, unless the broker wishes to force you to start trading real cash as soon as possible.

Standard Account

Standard account is best for investors interested in trading forex, commodities and indices on OTC markets. The minimum deposit requirement is $500. You can choose to trade with floating or fixed spreads.

The account allows 24 hours access to financial markets with the minimum dealing size of 0.1 lot. Modern analytical tools and charts help you analyze the market conditions and changes. The broker claims to provide advanced order types and fast and reliable quotes.

Trading Platforms

The broker reviews all the available trading platform and the features:

xStation – web based platform accessible via any browser online. The real time prices, analytical charts and customizable market watch is available for all major forex, commodities, indices and equities. It is possible to trade directly from the charts with one click execution/

xMobile – app for iOS and Android smart phones. Real time trading is available with live charting and prices. The platform is intuitive, flexible and accessible on the go.

xTab – all for iPad and other tablets. Access your trading account wherever you are. Executions are processed with one tap, there are live commentaries on the current market situation with key economic indicators and market calendar.

MetaTrader 4 – the leading trading platform known today designed for OTC derivatives markets. Real-time prices, advanced analytical tools, indicators and charts give you the complete perspective on the market prices.

Trading Conditions

X-Trade Brokers review reveals that the maximum leverage is 100:1 and the minimum trade size is 10,000. The typical spreads on major currency pairs start from 2 pips:

 

 

 

 

 

AUDCAD

9.1

 

AUDCAD.

4.5

AUDCHF

8.3

 

AUDCHF.

4.5

AUDJPY

5.3

 

AUDJPY.

4.3

AUDNZD

13

 

AUDNZD.

9.2

AUDUSD

3.3

 

AUDUSD.

2

CADCHF

7.6

 

CADCHF.

6.8

CADJPY

6.3

 

CADJPY.

4.5

CHFHUF

30/100

 

CHFHUF.

23

CHFJPY

6.3

 

CHFJPY.

5.5

CHFPLN

30/100

 

CHFPLN.

21

EURAUD

9.8

 

EURAUD.

4.6

EURCAD

9.8

 

EURCAD.

5.3

EURCHF

3.3

 

EURCHF.

2.4

EURCZK

30/100

 

EURCZK.

23

EURGBP

2.8

 

EURGBP.

2.1

EURHUF

35/100

 

EURHUF.

24

EURJPY

3.3

 

EURJPY.

2.3

EURNOK

55/120

 

EURNOK.

43

EURNZD

19.8

 

EURNZD.

11

EURPLN

30/100

 

EURPLN.

21

EURRON

60/200

 

EURRON.

48

EURSEK

55/120

 

EURSEK.

43

EURTRY

13/40

 

EURTRY.

12

EURUSD

1.6

 

EURUSD.

1.2

GBPAUD

15

 

GBPAUD.

8.9

GBPCHF

8.3

 

GBPCHF.

5.5

GBPJPY

6.1

 

GBPJPY.

5.5

GBPNZD

19

 

GBPNZD.

11.8

GBPPLN

50/150

 

GBPPLN.

33

GBPUSD

2.9

 

GBPUSD.

2.2

NZDJPY

6.1

 

NZDJPY.

5.2

NZDUSD

4.1

 

NZDUSD.

2.6

USDCAD

3.3

 

USDCAD.

2

USDCHF

2.8

 

USDCHF.

2

USDCLP

28/150

 

USDCLP.

28

USDCZK

28/100

 

USDCZK.

28

USDHUF

33/100

 

USDHUF.

28

USDJPY

2.8

 

USDJPY.

2

USDMXN

180

 

USDMXN.

86.2

USDNOK

55/120

 

USDNOK.

43

USDPLN

28/100

 

USDPLN.

18

USDRON

58/200

 

USDRON.

58

USDSEK

55/120

 

USDSEK.

43

USDTRY

14/50

 

USDTRY.

9

USDZAR

180

 

USDZAR.

141

 

All trading styles and strategies are welcome including scalping, hedging and expert advisors.

Payment Methods

There are no fees for deposits; however the broker charges a withdrawal fee.  Commission for withdrawal of funds from the Cash Account in the amount lower than 500 PLN is 50 PLN ( or equivalent).

The minimum deposit requirement is quite high - $500.

Based on X-Trade Brokers review, the available payment methods are only Wire Transfer, which is extremely inconvenient for those of us who need to deposit and withdraw money quickly.

X-Trade Brokers process deposits on the same day provided the transfer has been received by XTB UK HSBC before 1 pm on a business day. Delays are possible; check your bank transferring policies. Also, be aware that XTB UK is be responsible for any loss of checks.

Customer Support

 

Broker representative is available via call back, phone, email and online chat during the trading hours. The average email response in up to 48 hours. Personal account managers are assigned to every new account.

Add comment


Security code
Refresh