XTB Forex: Great for Low Trading Costs
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Even taking their comparative lack of asset variety into account; XTB reigns supreme for traders in search of the least expensive commission rates on the market.
Pros
- $0 account minimum
- Low FX spread costs
- Commission-free trades
- 48 currency pairs
- 20+ global exchanges
- 2,100+ stocks and CFDs
- Phone, email, live chat support
Cons
- Comparative lack of market variety
- No downloadable mobile app
- No social investing opportunities
Forex Market Variety: 3.7/5
Although XTB doesn’t offer nearly as many tradable symbols as our higher-ranked picks, they give retail investors a fairly large slice of the pie.
We came across 48 currency pairs that include 23 foreign currencies, Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Additionally, you’ll find 2,100+ major stocks and CFDs from 20+ global exchanges, which places XTB a bit behind eToro in this area.
Unfortunately, this platform doesn’t offer any sort of CopyTrade program or downloadable mobile app for on-the-go trading. Regardless, XTB’s asset selection accounts for the vast majority of potentially profitable trades you could make.
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Commissions & Pricing: 4.8/5
Given their ultra-low FX spread costs, US retail investors can score profit leverages worth up to 10x their investment. For CFD trades; this profit margin can expand to meet 500x your original stake.
You’ll also enjoy commission-free stock, ETF, and crypto transactions throughout XTB’s entire asset library.
Although XTB charges a $10 monthly fee after one year of inactivity has elapsed, they offer fee-free bank wire payouts and a $0 minimum deposit requirement to start trading.
Customer Support: 4.2/5
Over their first 15 years as a Forex brokerage, XTB has gained the trust and loyalty of 500,000+ retail investors.
As such, they emphasize the importance of providing top-notch customer support. Retail investors can get in touch via phone support, live chat, or email contact options from Monday - Friday.
Although their offices are closed on weekends; you’ll have access to fast, highly qualified agents on a 24/5 basis.