(Newswire.net — April 26, 2023) —
XTB is a professional broker that was founded in Poland in 2002. They have 12 offices worldwide and are well-regulated by the KNF, IFSC, DFSA, and FSCA. XTB provides minimal spreads starting at 0 pips and the opportunity to trade both actual equities and CFDs. XTB automatically gives their clients free Lloyd’s of London insurance coverage of up to 1 million Euro, GBP, or AUD.
XTB provides different account types or platforms such as the Demo account, standard account, free-swap account, xstation, and MT4 trader for trading. However, it may be challenging for new forex traders to understand the intricacies and functions of these different platform categories and to know the proper account to trade with.
The good news is that Traders Union analyst has explained the different XTB account types.
Continue reading to learn more
XTB DEMO ACCOUNT
Demo account is one XTB account types. New Traders always choose risk-free trading to practice various techniques. As a result, they can utilize their XTB accounts in demo mode.
The free XTB demo account is available for 30 days and allows traders to practice trading with virtual funds. The demo account requires no deposit.
You will be able to trade over 2,000 assets. Your account will be credited with $100,000 in virtual funds to allow you to try the platform’s features.
XTB STANDARD ACCOUNT
The standard account is another of XTB account types. You can trade over 1500 instruments with an XTB Standard Account, including ETF CFDs, stock CFDs, indices, crypto, commodities, and Forex. The Standard Account’s market execution allows you to leverage 1:200.
For Standard Account holders, the minimum order is 0.1, and the minimum spread is 0.35 as Traders Union told. This XTB live account also includes automated trading and a harmful balance warning. You have the following trading instruments at your disposal:
· Forex
· You can choose from 49 minor and major currency pairs at XTB. Currency pairs have a 33% margin for XTB traders with European businesses. The margin is 5% in the case of minor currencies.
· Indexes and commodities.
· These spread-only goods do not require a commission. As a result, when positions are active for more than 24 hours, you can reduce your trading costs. You will also have access to 42 indices covering the United States, Australia, and other countries. Commodities include eight metals, such as nickel and zinc.
· CFDs on cryptocurrency.
· Bitcoin Cash, Bitcoin, Ethereum, and Litecoin are among the 25 crypto CFDs available from the firm. However, due to new laws, UK brokers can no longer provide crypto assets to ordinary traders. To trade cryptocurrencies, you must first register with an XTB subsidiary outside the United Kingdom.
XTB SWAP-FREE ACCOUNT
A Swap-free Account has almost the same characteristics as a Standard Account. The primary distinction is that a swap-free Islamic Account does not permit crypto trading.
The trading instruments you offer are comparable to those in a Standard Account. You can utilize any trading platform, whether you have a Standard, Swap-free, or Demo Account explained TU analysts.
XSTATION
It is a user-friendly platform that guarantees the quickest execution speed. This platform provides the following:
· Trading on advanced charts.
· Calculators for trading.
· The mood of the market.
· Screener for equity.
· Outstanding movers.
· Technical examination.
You can use any device (tablet or desktop) to access the platform. Desktop users can access some functions, such as bulk order closing.
METATRADER 4 (MT4)
It is yet another trading platform that has a pattern detection capability. The tool can identify trends and establish entry/exit points. You can also set the stop-loss and profit-taking levels.
The platform is now more efficient thanks to single-click technology. For MT4 users, there is also a strategy tester. MetaTrader 4 may be accessed from any device, including mobile phones and desktop computers.