XTB Forex Broker – Zaufany przeglad i test 2020

Ocena brokerow opcji binarnych 2020:
  • BINARIUM
    BINARIUM

    1 miejsce w rankingu! Najlepszy wybor dla poczatkujacego!
    Bezplatne konto szkoleniowe i demo!
    Bonus za rejestracje!

  • FINMAX
    FINMAX

    Uczciwy i niezawodny broker! Dobre recenzje!

XTB Review

As a trusted multi-asset broker regulated in several major financial centers, XTB provides a well-rounded, competitive offering. Highlights include outstanding customer service and the xStation 5 trading platform, which delivers a great experience.

Top Takeaways for 2020

After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on XTB:

  • Founded in 2002, XTB is publicly-traded and regulated in one tier-1 jurisdiction, making it a safe broker (low-risk) for forex and CFDs trading.
  • XTB’s xStation platform suite provides excellent usability and offers a robust selection of trading tools and research. Also, thanks to a more extensive range of CFDs, XTB is a viable option for cryptocurrency trading.
  • XTB provides outstanding customer service. In 2020, XTB finished 1st place (out of 22) in our national testing from locations across the United Kingdom.

Special Offer:

  • 230,000+ Forex traders globally. Full Client Money Segregation. Visit Site

Overall Summary

Feature XTB
Overall 4.5 Stars
Trust Score 92
Offering of Investments 4 Stars
Commissions & Fees 4 Stars
Platform & Tools 4 Stars
Research 4.5 Stars
Mobile Trading 4 Stars
Customer Service 4.5 Stars
Education 4 Stars

Is XTB Safe?

XTB is considered low-risk, with an overall Trust Score of 92 out of 99. XTB is a publicly traded company that is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). XTB is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA). Learn more about Trust Score.

Trust Comparison

Feature XTB
Year Founded 2002
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses 1
Tier-2 Licenses 1
Tier-3 Licenses 1
Trust Score 92

Offering of Investments

XTB provides traders access to CFDs on 1703 stocks, 103 ETFs, 21 commodities, 42 indices, 25 cryptocurrencies, and 49 forex pairs. Furthermore, the broker also provides nearly 2100 cash equities (i.e., non-leveraged), including 150 ETFs, as part of its securities offering. The following table summarizes the different investment products available to XTB clients.

Feature XTB
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 49
CFDs – Total Offered 1894
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

XTB offers a Standard (for UK and Ireland residents only) and a commission-based Pro account. Each account comes with its own execution method and spread model, in terms of commissions and fees. Overall, spreads are competitive. Regardless of the account type used, traders can use either the xStation 5 platform or MT4.

Spreads: XTB lists target spreads on the EUR/USD for its various account types, which include two pips for the Basic account, 0.9 pips on MT4, 0.7 pips for the standard account, and 0.3 pips for the commission-based Pro account, as of October 2020. My choice would be the standard account with an average spread of 0.78 pips during Q3 2020 for the EUR/USD pair at XTB.

Standard vs. Pro: With minimum deposits at XTB that start at 250 base currency (i.e., £250, €250, or $250), the Pro account is the most competitive option in terms of lower spreads. It has a commission of £2.5, €3.5, or $4 per side on standard lots (100k), depending on the currency of the denominated account.

Designated professionals: For active traders (and those in the EU who meet the definition of elective professionals), XTB will rebate a portion of the spread (from 10% to 30%) back to you when you reach certain volume thresholds.

Active trader discounts: Five discount tiers that are tied to volume, starting from over 50 lots per month, to more than 1000 at the highest level, in terms of monthly volume requirements. This active trader program is known as XTB’s lower spread group and helps the company compete with brokers such as FXCM and FOREX.com that have active trader offerings or liquidity rebates from CMC Markets.

Feature XTB
Minimum Initial Deposit $0.00
Average Spread EUR/USD – Standard 0.78 (as of Q3 19)
All-in Cost EUR/USD – Active 0.78 (as of Q3 19)
Active Trader or VIP Discounts Yes

Platforms & Tools

XTB’s flagship platform offering, xStation 5, delivers a great experience for web, mobile, tablet, and even iOS and Android smartwatches. Tool highlights include heat mapping (view top movers by color), sentiment analysis (see which percentage of XTB clients are long or short), and trader statistics (view trade-by-trade results, win/loss ratio by long or short, performance by traded market, and more).

Ocena brokerow opcji binarnych 2020:
  • BINARIUM
    BINARIUM

    1 miejsce w rankingu! Najlepszy wybor dla poczatkujacego!
    Bezplatne konto szkoleniowe i demo!
    Bonus za rejestracje!

  • FINMAX
    FINMAX

    Uczciwy i niezawodny broker! Dobre recenzje!

xStation 5 Web: The web-based version of xStation 5 is HTML 5 based, providing forex and CFD traders a very modern, clean design. A unique feature with charting, charts include a countdown timer showing the remaining time left in each candlestick, and right-clicking within a chart reveals an extensive list of drop-down items for fast access to trading and analysis. In total, 29 drawing tools and 34 technical indicators are available.

MetaTrader: While xStation 5 is the primary reason for choosing XTB to begin with, XTB does also offer the full MetaTrader 4 suite. Since xStation 5 does not support automated trading, MT4 must be used.

Research

XTB offers a diverse range of research across its platforms and websites. Beyond streaming headlines from top-tier news providers, an economic calendar, and in-house staff that publish technical and fundamental analysis, a premium service (formerly known as TRADEBEAT) is offered that provides market sentiment, exclusive strategies, educational resources, and trade recommendations for subscribers.

Helping to boost its ranking as a multi-asset broker in this category, XTB provides a stock screener that lets you filter basic fields to sort through over 1700 tradable single-stock CFDs, a useful research tool for scanning symbols to trade. Alongside a screener, signals included within the news panel include price analyses from Thomson Reuters, Barclays, Citi Group, and others.

Combined with other premium tools such as the heatmap and market sentiment, XTB’s research tools are diverse and comparable to research offerings from other multi-asset brokers, such as IG and Saxo Bank.

Mobile Trading

The xStation mobile app from XTB provides traders a cleanly designed app that is easy to use and includes live chat support. That said, there is room for further innovation in what is already a good foundation for its mobile app.

As far as features go, research within the xStation mobile app is formidable. Top movers, market sentiment analysis, and a news calendar with click-to-expand charts are all available. Drawbacks include watch list updates do not sync with the web platform and despite a cleanly built charting package, which includes drawing tools in horizontal mode, charts contain only ten indicators.

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: st (22 brokers)

Final Thoughts

A diverse selection of tradable securities, outstanding customer service, and a unique proprietary trading platform suite, xStation 5, summarizes the highlights of XTB’s all-around competitive offering. Its weak spot is its mobile app, which even then still meets the industry standard as far as features go. XTB continued its multi-year winning streak finishing Best in Class across two categories, including Crypto Trading, and Customer Service (1st place) in 2020.

About XTB

Founded in Poland in 2002, XTB has grown to become a well-known forex and CFDs broker, serving over 230,000 clients globally as of its 2020 Half-Year (HY) report. XTB was listed on the Warsaw Stock Exchange in 2020 after a successful initial public offering that valued the company at nearly $350 million. As of October 2020, the market capitalization of the company’s shares (WSE: XTB.PL) stood at $96.63m, converted from Polish Zloty to US Dollars. XTB maintains offices in over a dozen countries across Europe and is licensed by numerous regulators, including the UK’s FCA, Poland’s KNF, Germany’s BaFIN, Spain’s CNMV, France’s AMF, Cyprus’ CySEC, and Belize’s FSC.

XTB Trading Features

Feature XTB
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

XTB Research Features

Feature XTB
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

XTB Mobile App Features

Feature XTB
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable Yes
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar Yes

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

„There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

FOREX.com vs XTB 2020

Is FOREX.com better than XTB? After testing 30 of the best forex brokers over five months, FOREX.com is better than XTB. FOREX.com delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, FOREX.com caters to traders of all experience levels.

Overall Rating

Feature FOREX.com XTB
Overall 4.5 4.5
FOREX.com Review XTB Review
72% of retail CFD accounts lose money 77% of retail CFD accounts lose money

Regulation

Tier-1 Licenses

Investments

Feature FOREX.com XTB
Trust Score 93 92
Yes Yes
Offering of Investments 5 4
Winner check_circle
1 (as of Q3 19) 0.78 (as of Q3 19) 0.7 (as of Q3 18) 0.78 (as of Q3 19) Yes Yes Commissions & Fees 4 4 Winner check_circle

Funding

Trading Platforms

Trading Tools

Yes Yes Platform & Tools 4 4 Winner check_circle

Mobile Trading

Yes Yes Mobile Trading 4 4 Winner check_circle

Research

Yes Yes Research 4.5 4.5 Winner check_circle

Education

Yes No Education 4 4 Winner check_circle

Major Forex Pairs

Overall

Feature FOREX.com XTB
FOREX.com Review XTB Review
Overall 4.5 4.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let’s compare FOREX.com vs XTB.

Does FOREX.com or XTB offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FOREX.com offers better pricing overall for traders.

Is FOREX.com or XTB safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here’s our findings. FOREX.com holds 4 global Tier-1 licenses, while XTB holds 1. XTB holds 1 global Tier-2 licenses, while FOREX.com holds 0. All regulators considered, FOREX.com has a Trust Score of 93.00, while XTB’s Trust Score is 92.00.

Which trading platform is better: FOREX.com or XTB?
To compare the trading platforms of both FOREX.com and XTB, we tested each broker’s trading tools, research capabilities, and mobile apps. For trading tools, FOREX.com offers a better experience. With research, FOREX.com offers superior market research. Finally, we found FOREX.com to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While XTB offers copy trading, FOREX.com does not. Both FOREX.com and XTB offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to XTB’s 49 available pairs. Forex pairs aside, FOREX.com offers traders access to 4500 CFDs while XTB has 1894 available CFDs, a difference of 2,606.

Overall, between FOREX.com and XTB, FOREX.com is the better forex broker.

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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Advertiser Disclosure: ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

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Best Forex Brokers 2020

Forex is one of the most liquid financial markets that attract more investors year by year. By 2020, the total daily turnover is equivalent to $5 trillion, having grown from $1 trillion twenty years ago. This knowledge makes it one of the most liquid and attractive financial markets with 24/7 availability. For successful Forex trading, a trader needs to choose a “service provider”, namely a brokerage company. This choice should be approached thoughtfully and thoroughly. The correctness of this choice in the future will depend on your financial success. During this year we have written many articles in which we paid attention to the specifics of the work of brokerage companies. We worked for this score for a long time and now we would like to bring it to your attention.

  • Indices
  • Crypto
  • Currencies
  • Bonds
  • Metals
  • Softs
  • Stocks
  • ETFs
  • FCA (UK)
  • ASIC (Australia)
  • FSB (South Africa)
  • FINMA (Switzerland)
  • DFSA (United Arab Emirates)
  • MAS (Singapore)
  • JFSA (Japan)
  • MetaTrader4
  • Specific
  • Max. Leverage : Up to 1:200
  • Min. Spread : 0.1 pips
  • Currency Pairs : 93
  • Stop-loss system
  • Well-designed platform
  • Over hundreds of markets to trade
  • Retail clients are not allowed to trade on interbank
  • Support & sales teams are willing to force you to fund an account immediately
  • There are various fees are present
  • Currencies
  • Crypto
  • Softs
  • Metals
  • Indices
  • Energies
  • FCA (UK)
  • ASIC (Australia)
  • MetaTrader4
  • MetaTrader5
  • Max. Leverage : Up to 1:500
  • Min. Spread : 0.1 pips
  • Currency Pairs : 62
  • Solid 24/7 support
  • Simple fee system
  • Easy to start an account
  • One step logging
  • Limited product amount
  • Not low withdrawing fees
  • Currencies
  • Crypto
  • Indices
  • Softs
  • Bonds
  • Metals
  • Metals
  • Energies
  • Stocks
  • ETFs
  • FSCA (South Africa)
  • FCA (UK)
  • ASIC (Australia)
  • JFSA (Japan)
  • BVIFSC (British Virgin Islands)
  • MetaTrader4
  • MetaTrader5
  • AvaTradeGO
  • WebTrader
  • Max. Leverage : Up to 1:400
  • Min. Spread : 0.7 pips
  • Currency Pairs : 60
  • Over five certificates from the solid regulators
  • Multi-languages support (15), the user interface is available on 20+ languages
  • Social trading features
  • The US investors are not allowed
  • No NFA’s certificate
  • Various fees system
  • There are not enough trading features
  • Lack of deposit methods
  • Currencies
  • Indices
  • Metals
  • Softs
  • Crypto
  • Stocks
  • Energies
  • NFA (US)
  • FCA (UK)
  • ASIC (Australia)
  • FSA (Japan)
  • IIROC (Canada)
  • CIMA (Cayman Islands)
  • SFC (Hong Kong)
  • MAS (Singapore)
  • MetaTrader4
  • MetaTrader5
  • Max. Leverage : Up to 1:50
  • Min. Spread : 0.1 pips
  • Currency Pairs : 91
  • The US-based regulation
  • 8 regulators’ certificates
  • Very solid app and PC interfaces
  • Great variety of currency pairs
  • Lack of deposit methods
  • Little leverage
  • High fees
  • The limited list of products
  • Currencies
  • Crypto
  • Indices
  • Energies
  • Metals
  • Stocks
  • FCA (UK)
  • ESMA
  • MetaTrader4
  • MetaTrader5
  • Social Platform
  • Max. Leverage : Up to 1:30
  • Min. Spread : 0.1 pips
  • Currency Pairs : 34
  • Automatically-calculated fees
  • Great user interface
  • Solid PAMM system
  • High level of the minimum deposit
  • Low level of the leverage
  • Withdrawing from PAMM before the period comes will charge additional fees
  • Currencies
  • Metals
  • Indices
  • Stocks
  • ETFs
  • Energies
  • Bonds
  • Softs
  • Interest Rates
  • FSA (Denmark))
  • FCA (UK)
  • FINMA (Switzerland)
  • ASIC (Australia)
  • DFSA (United Arab Emirates)
  • MAS (Singapore)
  • SFC (Hong Kong)
  • JFSA (Japan)
  • SaxoTraderPRO
  • SaxoTraderGO
  • Max. Leverage : Up to 1:200
  • Min. Spread : 0.04 pips
  • Currency Pairs : 182
  • 8 regulators’ certificates
  • High level of the max leverage
  • Huge amount of currency pairs
  • Min. deposit over $500
  • Specific trading platform
  • Inactivity fee, high Forex and other fees
  • Currencies
  • Indices
  • Metals
  • Softs
  • Bonds
  • Crypto
  • Stocks
  • Energies
  • ETFs
  • FCA (UK)
  • KNF (Poland)
  • IFSC (Belize)
  • CNMV (Spain)
  • ACPR (France)
  • BaFin (Germany)
  • xStation 5
  • xStation Mobile
  • WebTrader4
  • Max. Leverage : Up to 1:200
  • Min. Spread : 0.1 pips
  • Currency Pairs : 48
  • High leverage
  • Relatively fast deposit and withdrawal
  • Good user interface
  • High fees from e-wallets deposits
  • 24/7 support is not available
  • Currencies
  • Indices
  • Metals
  • Softs
  • Bonds
  • Stocks
  • Energies
  • ETFs
  • FCA (UK)
  • ASIC (Australia)
  • IIROC (Canada)
  • FMA (New Zealand)
  • MAS (Singapore)
  • CFD trading
  • Next Generation
  • Max. Leverage : Up to 1:500
  • Min. Spread : 0.7 pips
  • Currency Pairs : 300
  • High leverage
  • No minimum deposit requirements
  • Popular among traders broker
  • Huge amount of currency pairs (over 300)
  • Lack of certificates
  • Lack of deposit methods
  • MetaTrader is not allowed
  • Currencies
  • Energies
  • Indices
  • Metals
  • Crypto
  • Stocks
  • CySEC (Cyprus)
  • FCA (UK)
  • FSCA (South Africa)
  • FSC (Mauritius)
  • MetaTrader4
  • MetaTrader5
  • Max. Leverage : Up to 1:1000
  • Min. Spread : 0.1 pips
  • Currency Pairs : 63
  • Easy to start system
  • Very solid and welcome customer support service
  • Many deposit methods are available
  • High leverage
  • Lack of currency pairs
  • Regulated only in 3 agencies
  • No bonus offers are available
  • High withdrawal fee for bank transfers
  • Currencies
  • Indices
  • Metals
  • Softs
  • Crypto
  • Bonds
  • Stocks
  • Energies
  • ETFs
  • FINMA (Switzerland)
  • FCMC (Latvia)
  • JFSA (Japan)
  • Switzerland
  • MetaTrader 4
  • JForex
  • Max. Leverage : Up to 1:200
  • Min. Spread : 0.1 pips
  • Currency Pairs : 50
  • 20+ years online
  • Low level of min. deposit
  • Exclusive features in charting
  • Lack of currency pairs
  • Lack of deposit methods
  • Not so good support

The most common option in choosing Forex broker

Every brokerage company has some criteria and average features to be compared. Let’s take a look at the main of them:

Affordability. Each brokerage company sets its minimum deposit threshold value for funding. Typically, this amount starts at $100. Novice traders must make a balanced decision for themselves on how much they can afford to lose. At the same time, you should pay attention to whether the broker fits for you, or whether you should choose another one that is more suitable, but with a higher minimum level of the first deposit.

Deposits and Withdrawing. This option is no less important than the previous one. You, as a trader, should easily manage your funds and, if necessary, withdraw them quickly and without high commissions. The broker’s money returning duty determines its decency and reliability.

Market coverage. You have to check the availability of trading needed currency pairs.

Trading terms and trading fees. This option is very important because the appetites of forex brokers can vary dozens of times. Before you get started, you should calm down and calculate how much you’ll give to the brokerage company from the moment you start trading until withdrawing your money in a way that is convenient for you.

Trading platforms. There are many of them. They’re a sword and shield of yours. Depends on features that you allow to customize and working speed you’ll be able to experience which one suits you the best. Personal presets are a huge part of your trading success.

Mobile app. A lot of people prefer fully-automated trading robots. Their performance can be checked without a PC. It’s an important option that allows you not to work on a PC and be mobile.

Customer Support. It’s a very important option, especially for beginners, but it’s hard to check it without directly contacting the support.

Reputation. It’s an important part because trading is all about trust. If you see people angry at the company, so, you can entrust your funds and feel that your money is in safety.

Regulation. Before getting started, you have to check how the brokerage company works with your country’s laws. A lot of them have got some restrictions. If you skip this step, you’ll probably be able to fund the account, but you’ll have a huge problem with withdrawing.

The base of knowledge. The solid brokerage company provides a lot of courses, as well as, literature and material to let you get a smoother start in Forex trading.

User Interface. Everything should be simple and predictable in order to help you to make quicker decisions and be a better trader.

Picking the best Forex brokerage company: completed guide

Let’s describe more detailed some of the most important brokerage company’s features.

Market regulators

Here we go “regulation”. In our opinion, this is the most important and fundamental option in the broker’s work, directly related to how much investors will trust it with their money. Regulators are interested in the stability of the Forex market and the transparency of financial transactions. Due to the huge volume of assets (more than $5 trillion), there is always a risk that drug dealers, arms dealers, corrupt officials, and other dishonest people and organizations want to use Forex as a laundry machine for their capital.

We would like to note that there are several regulatory organizations. As a rule, the more solid and successful the broker, the longer it operates on the market and the more capital traders manage through it, the more organizations assign it an appropriate level of security and transparency.

The list of the most influential regulators look like:

  • NFA (The National Futures Association) in The United States;
  • ASIC (Australian Securities and Investments Commission) in Australia;
  • CySEC (Cyprus Securities and Exchange Commission) in Europe;
  • FCA (Financial Conduct Authority) in The United Kingdom.

There are other regulators, such as those based on offshore islands. We believe that companies that have received certificates in offshore jurisdictions cannot be as reliable as brokers who received them from our listed regulatory authorities.

Types of the provided accounts

There are few types of account brokers can offer.

The first type is a live account. You fund it and trade for real money. Everything you do on the account becomes your gain or loss.

The second type is a demo account.

Most demo accounts are designed to let new traders try the service, see how a brokerage company works and can test the application of various strategies before investing in real money in trading.

Platform for trading

Choosing a trading platform you’re most comfortable working with is no less important than choosing a broker. The main thing for the trader is not only that the platform lets you easily manage every day’s duties, but also the broker supports the work with this platform.

cTrader and MetaTrader are the most popular across the traders’ platforms. Metatrader provides two versions of it: MetaTrader 4 and MetaTrader 5. These platforms are quite complicated for beginners. cTrader is a wise simpler one and fits for every skill of traders from professional ones to brand new investors.

You should also pay attention to how convenient and fast the Android or IOS based applications. It can be either a proprietary application from a broker or a MetaTrader one.

Forex Broker Types

There exist several types of brokers: Market Maker Brokerage companies and Direct Market Access ones. DMA brokers separated into two types ECN and ECN/STP.

Electronic Communication Network (ECN) brokers allow you to trade only between other traders. So if no liquidity is on the market, your trades will get slippage, and you get a requote. ECN system removes the base of the potential conflict of interests between a trader and brokerage company.

Using ECN allows you to trade throw large financial institutions or global banks. The traders got access to the interbank market directly to see a clear picture of what’s happening in markets.

ECN/STP. Straight Through Processing is the technology used by ECN brokers for placing trades on the market. FIX (Financial Information Exchange) protocol uses to place orders to the counterparty.

The FIX protocol is needed to decrease the needed time for performing trades, reduces slippage and make sure that traders get the best possible price. Some of these brokers can prevent requoting and reduce slippage.

Depending on trades and trader account the system decides what performing method is the best for the customer.

STP is applied when there’s enough liquidity to a particular trade. If there’s a lack of it, ECN takes liquidity from the inner network.

ECN/STP combination allows traders to perform their deals faster.

Market Makers (Dealing Desks). It’s a type of brokerage companies where the company becomes a market maker The brokerage company always provides needed liquidity but, as well as, always trade against its customers that can be a reason for a conflict of interests.

Conditions for trading

Leverage

Leverage is necessary so that traders with small capital can benefit from trading. This capital gives loans to a liquidity provider through a forex broker directly to a trader to expand trading volumes. The trader himself or herself is fully responsible for these funds and their return. Leverage is usually displayed in a ratio format, for example, 100:1, which means that one unit of trader’s money for one hundred borrowed units. This also means that trading volume will increase one hundred times. Using large leverage significantly increases the risk of trading. In turn, many regulators can limit the maximum allowable leverage that a broker can offer its clients.

Spreads

Spreads are measured in pips and show the difference between buying and selling one currency to another in a currency pair. This is a kind of brokerage commission for access to the market. You can also get a lot of very important information from the spreads.

For example, the closer the buy and sell prices are, the more profitable it’s for a trader to work with this broker for these currency pairs. That’s why, often, traders choose different brokers for different currency pairs.

Trading Assets

The better than the average broker has got over 40-50 forex pairs to trade.

Hedging

The hedging option is designed to have insurance in case of adverse market conditions. One of the most common strategies is direct hedging. Brokers themselves do not always support this option for their clients.

Scalping strategy

The scalping strategy allows the trader to profit from quick, usually associated with news, price changes. This strategy is designed to make a profit in a short period of time until the market calms down. Traders applying this strategy usually trade during the day and close all their deals in the evening.

Frequently asked questions

What should I do the first looking for the Forex brokerage company?

First of all, you have to take a look at the amount and availability of demo accounts. The new investor has to know what’s going on in the market, how to customize MetaTrader or one of the other platforms. It takes some time before you get ready to fund the first real account of yours. Usually, demo accounts expire quickly, so you’ll be able to renew it (them) to practice more. During this period you have to read some books about trading strategy and you should pick one that fits you the best. As well as, books there are infinity video courses and various webinars from educational to “the next week trading goals” ones.

How do I know the brokerage company is good for me?

So… It’s the complicated question to answer to. First of all, if you’re a beginner, check the availability of demo accounts. The second one is the fees. It’s very important to know exactly from the start how much money you’ll have to pay from each, as an example, $1000 profit from the moment of having this amount of money on the account for withdrawing it by the payment system that fits you the best. The third one, check the broker’s certificate. You’d better start working with the forex broker that has got a certificate provided by the regulator from your area, where your country from in order to not mess up with financial regulators, as well as, the texas department.

These three are must follow criteria.

How often a brokerage company trades against me?

It’s the wrong question. The broker will be trading against you only if you’re willing it choosing a brokerage company with Market Maker type. If you’re not okay with that, ask the broker’s support to know what kind of the brokerage company they really are.

Where is a broker’s profit?

How we told before Market Makers get money trading against you. If we talk about all trading companies in general, all brokerage company makes money from the difference between buying and selling prices, as well as, for charging fees and commissions.

May I deposit my account by Bitcoin?

Brokerage companies are interested in providing various payment methods for their customers. Usually, Bitcoins are acceptable, but other cryptocurrencies are not. Don’t forget most of the brokerage companies allow withdraw only by the payment method you fund the account for avoiding money laundering.

Ocena brokerow opcji binarnych 2020:
  • BINARIUM
    BINARIUM

    1 miejsce w rankingu! Najlepszy wybor dla poczatkujacego!
    Bezplatne konto szkoleniowe i demo!
    Bonus za rejestracje!

  • FINMAX
    FINMAX

    Uczciwy i niezawodny broker! Dobre recenzje!

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