xtb trading 300 square

XTB Trading

XTB

XTB Trading Registered Office Address: Level 34, One Canada Square, Canary Wharf, London, E14 5AA, United Kingdom

Website: www.xtb.com

Minimum Deposit: $10

Minimum Investment:250 (can be US Dollars, British Pounds or Euros)

Commission charges: None on the basic and standard accounts (see below for further details)

What You Can Trade-In: Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s, Cryptocurrencies

Support Languages: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Arabic and Turkish

Excluded Countries: United States India, Pakistan, Bangladesh, Nigeria, Indonesia,

Platforms: Two Online and Mobile platforms (see below)

Regulation: See the list below

Leverage:: 1:30 for major currency pairs;1:20 for non-major currency pairs, gold and major indices;1:10 for commodities other than gold and non-major equity indices;1:5 for individual equities and other reference values;1:2 for cryptocurrencies

XTB Review

XTB has been in operation since 2002 and are regarded as one of the leading regulated brokers. They are one of the largest FX & CFD brokers listed in the stock exchange, with offices in more than 13 countries around the world.In this review of XTB, we break down the salient points to help you decide if XTB is a broker you want to trade with.

Regulation

When it comes to dealing with a trading company, you should never trade with one that is not regulated. XTB are globally regulated organisation. They are authorised and regulated by the UK Financial Conduct Authority (FCA) Number FRN 522157. They are also regulated by the KNF which is the Polish Financial Supervision Authority, and by the CMB which is the Capital Market Board of Turkey.

Awards

As a company, they have won a large number of awards for their trading software. The latest being named highest rated FX & CFD Broker of 2018 As voted by Wealth & Finance International Awards; Best CFD Broker in 2019 by M&A Today Awards and also Best Islamic Forex Broker by M&A Today in 2018.

Trading Platform

XTB Trading Platform

XTB use two trading platforms. The first is the award-winning xStation 5. The xStation 5 contains 9 main features that will help you with your trading. Three of them are:

The Trading Calculator – which will instantly determine how much profit or loss you could make depending on your stop loss, lot size, and limit order.

Advanced Chart Trading – This enables you to execute all your trades directly from the charts. It offers you a one-click dealing system, which provides you with a more fluid, controlled trading experience.

Trading Statistics – You can analyse the markets with live performance statistics that inform you which markets you’re most successful in, including specific win ratios on your long and short trades. The other 6 are Advanced technical analysis; Bulk order closing; Traders talk; Market sentiment; Equity screener; and Top movers.

The xStation 5 platform is available in 4 formats:

  • Desktop – You can download a 32bit or 64-bit version for your Windows PC, or they also offer a Mac version too.
  • Tablet – Both Android and iOS versions are available.
  • Mobile – Both Android and iOS available for mobile devices
  • Smartwatch – This was launched recently in 2016 and operates on both iOS and Android smartwatches to enable you to trade where ever you are.

The second platform that XTB use is the well known MT4 trading platform. Not much needs to be said about MT4 as it is so well known, other than, XTB offer 3 versions; desktop, tablet and mobile.

Trading Assets

With XTB they have a range of markets for you to trade in, which we will break down for you. One thing to note is that XTB offers 3 types of account. Basic, standard and pro. The first two, basic and standard do not charge commission.

FOREX

XTB offer 48 Forex currency pairs. The low spreads are from 0.1 pips and there are no requotes and their guaranteed stop loss is free of charge on the basic account only. It is also worth noting that it will not be guaranteed on the market open.

Commodities

XTB offers you the ability to trade within 21 commodities, in the energy metals and agricultural CFD’s. These range from Gold, aluminium and copper, to cocoa, coffee and cotton, to natural gas and oil. They also offer no requotes and just like Forex, the guaranteed stop loss is free of charge (same terms apply)

Indices

There are over 20 indices available from XTB for you to CFD trade within, with low spreads and high liquidity. Again there are no requotes,

Stock CFD’s

XTB offers you the ability to trade in equities from around the world. You get direct market access, the ability to short sell, and access to 1500 global shares.

Leverage is up to 1:10 and there is a low commission of 0.08%

ETF CFD’s

There are 60 ETF CFD’s available to trade in and the good thing about ETB is they offer negative balance protection. The leverage is the same as Stock CFD’s at 1:10 and so is the commission the same, from just 0.08%

CryptoCurrencies CFD’s

With XTB you can trade in 25 different cryptocurrencies, and access the market from their mobile app as well. They offer 365-day contract expiry and high liquidity, with competitive spreads. They also provide full protection of losing capital from hacker attacks.

Additional ServicesXTB training platform example

One feature we like from XTB is their trading academy. They offer currently 3 levels (basic, intermediate and premium. Expert will be available soon). So depending on your level of expertise, you have the ability to hone your trading knowledge and skills. Or if you have never traded before, you can start at the basic level and learn what Forex and CFD trading is, the basic terms and vocabulary, how to use the trading platforms and so on.

The screenshot is taken from the Basic training, and lesson 1, which is about using their MT4 platform, and its basic layout. This enables new users to get a feel of how to use the platform. Of course, you can practise using it, in the demo account.

While you are going through the trading academy, you can, of course, practice your trades on XTB’s free demo account, which we talk about further down.

There is also an up to date market news section which posts the latest market news throughout the day, as the news is released, enabling you to keep abreast of what is happening within the world markets.

Finally, not only do you have the trading academy, but XTB also offers one to one mentoring and 24-hour support. You will once you open an account, have your own dedicated account manager to help you with your trades. Also, and this is something we have not seen with other trading companies, XTB has an open-door policy, which means if you are in London, you can visit their office and see how they operate first hand. We would say that if you are wondering if XTB is a scam, then the fact they are heavily regulated and they are one of the few trading companies that have an open-door policy, tells you they are very much a legitimate trading company.

Demo Trading Account:

XTB do offer a demo account. You do get 100,000 in virtual money (in other words, you cannot withdraw these funds) You can download both the xStation5 and the MT4 platforms to your computer or use the demo account. The demo account has the exact same features and interactions as the live account. You cannot use the live account until you first deposit funds into your account.

Adding & Withdrawing Funds 

There are three ways of depositing funds into your account with XTB.

The first is via bank transfer. They will accept euros, US dollar, British pound and Hungarian forint, and you must only transfer funds into your XTB account from an account that is in your name.

The second option is via credit card. You can deposit funds via your MasterCard, visa or maestro card and they will accept euros, US dollar or British pounds.

The third option is via e-wallet and there are two options available, Paypal or Skrill. You can deposit the same currencies as with a bank transfer, and of course, there will be charges involved of 2% of your deposited amount.

Verification/Identification

Naturally to prevent money laundering you will need to verify your identity before you can actually begin trading. You simply need to provide a scan copy of your personal ID, such as passport or driving license and proof of residency.

Concerns /Things To Consider

The main things to consider when looking to use XTB trading platform is that it is not available to every country around the world.

If you have never traded before and don’t know how to begin, then the XTB trading academy is a very good place to start. Even if you are a seasoned trader or have a good experience, you may want to consider the trading academy and the advanced sections, to help improve your skills if need be. Plus opening up a demo account will help you to practice using the platform so you get used to it before you start.

Of course, the main thing to consider is that when carrying out any type of trading, your capital is at risk. There are no guarantees concerning the success or the limiting of failure and so it is always best to consider placing as much risk management in place as possible.

Is XTB a scam? This is always the question that is asked when considering using trading companies in Forex or CFD trading, mainly and rightly because there have been a lot of companies in the past offering Forex trading that was scams, but the reason why those companies were able to often get away with implementing scams was that they were not regulated. As we mentioned at the beginning, XTB is regulated and come under some very stringent regulations and procedures.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money


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Plus500

Plus500

In this review of Plus500, we discuss all the relevant points needed to decide if they are an appropriate platform for you to use. It is important to state from the start that  CFD’s are the only products that Plus500 offer. They are not authorised to provide binary options and therefore if you wish to trade in binary options then you need to consider other options. Plus500 is a fast-growing CFD provider and currently offers a portfolio of over 2000 instruments, making it one of the leading trading platforms. The company behind the Plus500 software, Plus500 Ltd is listed on the Main Market of the London Stock Exchange and therefore must comply with all standards and protections. But what is interesting, are the actions they have taken and the achievements Plus500 Ltd have had over the past few years. In 2013 they introduced the first Bitcoin CFD in the world. In February 2014 they reached a market value on the Main Market of the London Stock Exchange of $1,000,000,000 (1 Billion US Dollars).

Plus500 Review

Regulation:

Plus500 is regulated, in a number of major countries and with major financial authorities. Here is the list of the organizations they are regulated by.

CySEC- CySEC monitors companies who offer financial services, ensuring full compliance to financial laws and regulations for the businesses registered in Cyprus and the EU. Plus500CY LTD license number is 250/14. FCA – The Financial Conduct Authority is the main financial regulatory body for the UK. Plus500UK Ltd  FCA reference number is FRN 509909. Australian Securities and Investments Commissionis an independent Australian government body that acts as Australia’s corporate regulator. Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727

Mobile:mobilephones

Plus500 do offer a mobile app for both Android and iOS (need iOS7.0 or later for compatibility) As of May 2017 on Google Play it has a 4.2-star rating from over 64,500 reviews. On Apple, the app received 4 stars out of 5 from over 1,700 reviews. They are also one of the few providers who offer an app for Windows phone. It has received a rating score from just over 100 reviewers of 3.8 out of 5. The app has a clean and simple interface making it very easy to use. It has a full range of features that makes the trading platform easy to use while out and about. Rather than explain what you can do with the app, why not download it for free and check it out yourself.

As mentioned, the Plus500 app is available in both IOS and Android operating systems, as well as Windows Phone.

Plus500 Trading Platform:

The first thing you are offered when you go to open your Plus500 account is the chance to open a demo account where you can practice using the trading platform. Plus500 add $50,000 virtual funds of the trader’s currency in to the account (you can’t withdraw this money it is purely for demo purposes). As you can see from the image below, the platform is very clean and simple to navigate around. You have a navigation bar to the side which enables you to select which CFD you want to trade whether indices, commodities, forex, options, ETF’s or shares. The tick can be set to show 1 minute, 5,15 or 30 minutes, 1,2 or 4 hours, 1 day or 1 week

platform screenshotAs you will see from the image above, the Plus500 platform has everything you need within easy access. Their all-inclusive screen has everything clearly labelled, enabling you to look at your current positions and past trades. You can access your account from either a downloadable platform that you place on your personal computer or you if you prefer you can access your account via the web, meaning you can gain access at any computer. Of course as already mentioned there is the mobile app too.

CFD Trading Instruments:

A CFD  instrument is the term that is used to explain the items available to trade. Plus500 have over 2,000 instruments for you to choose to trade in. Plus500 offers CFD trading in Shares, Forex, Indices, Commodities and ETFs. Here is an idea of what is available for you through their platform. Before you begin trading for the first time, it is important to note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

FOREX

With Plus500 you are able to deal in a wide variety of forex currency pairs.  On the platform you will find that they are in four categories, Majors which includes the obvious like British Pound / US Dollar & Euro / Japanese Yen. The second group or forex are Majors II which have the likes of the Australian Dollar / the Yen or British Pound / New Zealand Dollar. Then the third forex group is Virtual which contains  Bitcoin (Plus500 were the first CFD company to offer Bitcoin). And finally, the fourth forex group is called Minors which contains the major currencies against lesser currency such as the US dollar / Singapore dollar or the US Dollar / Polish Zloty

Commodities

Plus500 offers a wide range of commodities such as grain products, oil and gold.

Indicesindices trading – Plus500 cover Indices from a large selection of European countries as well as the US, Hong Kong markets

Shares –You can trade CFD’s in the likes of Facebook, Tesla Motors, Amazon and a host of other companies from around the world.

Options – There are a good selection of options available for you to select from. You can Call or Put on the UK 100, Apple, Deutsche Bank, to name just a few of the options available.

ETF’s – If exchange-traded funds are your preferred CFD trade, then Plus500 has a wide selection of commodities and indices for you to choose from.

Cryptocurrency – Plus500 was the first company to offer CFD trading in Bitcoin. Now they offer a wide variety of cryptocurrencies for you to trade in and the leverage for cryptocurrencies is up to 1:2. The cryptocurrencies they offer are:plus500 bitcoin

  • Bitcoin
  • Ethereum
  • Litecoin
  • NEO
  • Ripple
  • IOTA

Risk Management Tools:

CFD’s are leveraged products and can result in loss of your capital, so it is wise to manage your risk as best as possible. Plus500 offers a variety of order type tools to help with your risk management. Here are just a few.

Stop Limit – With a stop limit, you can protect any profit gained from an instruments price moving up. With the stop limit put in place, it will come into play at when your specified stop limit price is reached. Stop Loss – A Stop Loss is a good way to limit your losses. Should the instrument price move downwards, then the Stop Loss instructs Plus500 to close the position at that price. If the instrument continues to go down beyond that Stop Loss order, you don’t continue to lose. Guaranteed Stop – When you put a guaranteed stop in place you are ensuring an absolute limit on the potential loss. It may be a case that the market price gaps suddenly, and if that does happen then your position is closed out at the price you exactly specified, cutting out the risk of slippage.  It is important to note that a ‘Guaranteed stop’ is only available on specified instruments. Plus500 will tell which ones they are when you come to pick them.

Demo Account:

As we have already mentioned, Plus500 provides you with a demo account when you sign up with them. When you go to open an account the first thing you have to decide is whether you want to start with your own money or start in demo mode. You can switch from the demo account to the live account whenever you want by funding your account with any amount of funds over the minimum deposit of £100. To open the demo account, you can sign up with your email.

Plus500 platform screenshot

So what do you get with the Plus500 demo trading account? – Well, basically you get everything that is in the live account except for the fact that all your CFD trades are virtual. All the charts are live and actual, so there is no fake charts or dummy accounts, it is as if you were trading in CFD’s for real. You are given, as mentioned, 50,000 in virtual funds of the trader’s currency for you to practice with to get used to the platform, and there is no time limit either on the demo account, it remains available to you even after you start trading for real with your own funds.Of course when main feature of starting out with the demo account is it helps you decide whether you like the Plus500 platform and want to use it going forward as your live CFD trading platform.

Once you have finished using a demo account and want to begin using the live Plus500 account, or you want to start straight a way, you of course need to add your own funds. To do so you first need to verify yourself through their verification process, once this has been done you can add funds to begin trading properly. There are a number if key pointers relating to the withdrawal of funds. As just mentioned you need to verify your account first before you can start trading properly and of course withdrawal any possible funds from CFD trading. You need to provide full name, date of birth, residence address and phone number. You also need to confirm in line with FATCA (The Foreign Account Tax Compliance Act)  whether you are a citizen of the United States or a resident of the U.S., Gibraltar, Guernsey, Isle of Man or Jersey for tax purposes. Once you have done that you answer a simple questionnaire concerning your relevant trading experience over the past 3 years, plus your economic profile and your financial details. Once you submit that information you then need to provide verification by way of ID – a photo/scan of your passport, driving licence (photo ID part) or an ID card, plus proof of residency by way of an entire utility bill or bank statement with your full name and address on it, dated within 6 months.

Plus500 offers six different methods for cash withdrawal. These are:

  • MasterCard or Visa Credit Cards
  • Skrill
  • PayPal
  • Wire transfer

plus500 payment methods

Concerns /Things To Consider

The main things to consider when looking to use Plus500 CFD trading platform is that it is not available to every country around the world. If you live in the USA, Canada,  the platform is not available to you.

Even if you are a seasoned trader of CFD’s or have good experience trading online, you may want to consider opening up a demo account first, simply to practice using the platform so you get used to it before you start. The most important consideration is that when dealing with financial trading of any sort or investing in anything, there will be losses. DO NOT get involved in CFD trading, without being prepared to take a loss. You need to be happy with your own risk assessment before partaking in any CFD trade because losses will always be unavoidable.

Naturally, we would recommend you carry out your own due diligence into Plus500 to be satisfied in your own mind as to whether they are a good CFD trading platform to use, or they are a scam. Yes, there are complaints online concerning issues but Plus500 are heavily regulated and when you consider that according to their site they have over 155 thousand active users placing over 36 million positions every year, there are going to be the occasional issue arise with some people, especially those who are not familiar with how CFD trading works. There is nothing we have seen that indicated that Plus500 is a scam. With the level of regulation that Plus500 has adhered to, it would be very difficult for them to trade under the guidance of the Financial Conduct Authority if they were scam artists. Finally, we would strongly recommend that when trading you put all risk management options in place every time, to limit your losses



80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFDs Are Complex Instruments And Come With A High Risk Of Losing Money Rapidly Due To Leverage. 80.5% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money.


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Nadex Logo

Nadex

 

Nadex Review:

If you are looking to trade in binary options, you may have come across companies like IQ Option. Now if you are based in the US, you will find that they and other European based binary trading companies have a restriction on people from the United States using their platform. However, that is not the case with Nadex. Nadex or North American Derivatives Exchange to give them their full name, is a exchange house based in Chicago Illinois that provides binary options trading through their regulated platform for US residents. Nadex is not a broker, but an exchange house, which means that they act only as an intermediary between binary options traders. They are owned by UK based company IG Group who is a world leader in derivatives trading and an established member of the FTSE 250.

Nadex Regulation

Nadex is regulated as a binary options exchange in the United States by the CFTC (Commodity Futures Trading Commission).

Trading Platform

Nadex offer three platforms. The first is the web based platform which give you direct access to the Nadex exchange where you get real time indicative data. This means you get to see immediately the bid and offer price with the volume of contracts available. Nadex state that with their unique price ladder charts, you can place orders directly from the chart. Which means you are able to select your market, analyze the chart and place your order without having to change screens. Because their trading platform is web based, you can access it from any computer, be it Window, Mac or even Linux operating based.

The second trading platform they offer is their mobile platform. Available on both iOS and Android, the mobile trading platform enables you to do exactly the same as you can on your desktop, thereby ensuring seamless transition whether on a mobile phone or tablet.

The third and final trading platform is their demo account. the account comes with real-time market data so you can practice trading while using real time market condition. It also come with $25,000 in virtual funds and you can trade in the same markets as the real account, that of Stock indices, Forex, commodities, cryptocurrencies or market events.

Nadex also offer a variety of educational videos to help you understand the platform, how to trade in Nadex spreads, get an understanding on binary options and how to trade them, if you have never done so before.

screenshot of nadex demo account

Nadex Assets

Nadex do cover a wide selection of financial instruments, although it is not as comprehensive as other binary option brokers. They have 28 assets in total spread across the following markets

FOREX

Nadex enable you to trade in 10 of the best known forex pairs as limited-risk binary options and spreads. They are: Euro-US Dollar (EUR/USD); Australian Dollar-US Dollar (AUD/USD); Euro-British Pound (EUR/GBP); British Pound-US Dollar (GBP/USD); US Dollar-Canadian Dollar (USD/CAD); Australian Dollar-Japanese Yen (AUD/JPY); US Dollar-Japanese Yen (USD/JPY); British Pound-Japanese Yen (GBP/JPY); Euro-Japanese Yen (EURO/JPY); US Dollar-Swiss Franc (USD/CHF);

CommoditiesCommodities including crude oil, gold

Nadex offer binary trading in three commodities:

Metals – gold, silver and copper, which are based on the futures prices from COMEX/NYMEX®

Energy – crude oil and natural gas, which are based on the futures prices from NYMEX®

Agriculture: – corn and soybeans. Their contracts are based on the futures prices from CBOT®

Indices

Nadex enable you to trade both binary options and spread contracts on the futures prices of eight stock indices, Four from the US, which are the Wall Street 30, US 500, US Tech 100 and the US SmallCap 2000. The remaining four are from around the world and are: China 50; FTSE 100; Germany 30 (DAX); Japan 225 (Nikkei)

Events

Nadex enables you to trade binary options on economic events. For example, you can trade on the results of the forthcoming weekly jobless report. If you believe the number of unemployed people in the country is going to go up, you can turn that into a trade. Nadex let you trade in three events, The Fed funds rate which is the overnight interbank lending rate; weekly jobless claims, and Nonfarm payroll.

Bitcoin

With Nadex you are not actually buying bitcoins you are dealing in Bitcoin spreads, which enable you to take a short-term position on Bitcoins price.

Account Types:

There are three different types of accounts available, to fit in with your situation. The first is the US Resident account. To open that, you of course need to have a permanent US address, and provide documents that show that, your SSN and date of birth. The second account type is for non US residents and you need to provide evidence of your permanent address,national id number and date of birth. And finally, there is an account for US businesses that are either trusts, companies or partnerships. The requirements to open this account are naturally quite detailed and can be found on their website.

Adding & Withdrawing Funds

If you are a US resident you can fund your account through either a debit card (there is a one-time debit card verification process for any new debit card deposit), ACH (bank transfer), wire transfer -which takes typically 24 hours for them to be notified of your transfer, or you can fund your account by check. You will need to allow five working days from when they receive it, for funds to clear. For non-US residents there are two methods, debit card (also with a one-time debit card verification process for new cards) or international bank transfer.

To withdrawal funds for US residents ther are only two options. The first is ACH withdrawal and if you are going to withdraw funds by this method then you need to allow 3-5 business days for funds to be deposited into your account. The second option is a wire transfer. If you chose to withdrawal funds this way, as long as they receive your request before 4pm ET Monday-Thursday and 3:15pm ET on a Friday, it will be processed that same day. Nadex do charge you a $25 dollar fee for wire transfer withdrawals.

And for non US residents the only way to withdraw funds is via international bank transfer. The same terms apply as US residents, mentioned above.

Concerns /Things To Consider 

The main thing to consider is that binary options trading is limited to US residents through other well known international brokers, but  Nadex provide US residents to trade in binary options because Nadex is not a broker, it is simply an exchange, where traders come together and trade directly. This is a good thing because it means there is no conflict of interest between you the trader and them. They make their money from the fee they charge for each contract, whether it wins or looses. They have a good free demo account that enables you to practice as much as you want. I have noticed from research that there are a few complaints concerning the customer service. Nothing too drastic, after all they are heavily regulated. There is no live chat on the site, which is restricting if you want help online, although there is a toll free number you can call 24 hours a day, six days of the week. Their assets are limited, but that is not necessarily a bad thing.

Are Nadex the best option for binary trading? Yes and no. Yes if you live in the US, and no if you live anywhere else outside of Europe as there are better options. But also if you don’t want to deal with a broker and do the trade yourself, then Nadex are a good option.