Is XTB the Best Platform for New Investors in 2023?

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XTB logoAccording to data from Statista, 58% of adults in America opted to invest in the stock market last year. This figure has steadily risen since 2016, with the primary catalyst being the accessibility (and affordability) of financial markets trading.

XTB is one of the platforms at the forefront of this trend, offering a safe and streamlined way for newcomers to gain exposure to thousands of potential investments. With this trend showing no signs of slowing down, XTB looks primed to become the ‘go-to’ for traders worldwide as the markets bounce back in 2023.

Unparalleled User Experience with XTB

Entering the financial markets for the first time can be daunting – and this is even more pronounced given the considerable volatility seen over the past year. However, XTB aims to make this transition as seamless as possible by offering various tools and services that help newcomers become comfortable with buying and selling securities.

One of XTB’s most widely-used services is the free demo account available to all users. This account enables users to practice trading in the live markets with $100,000 in virtual funds. Moreover, XTB’s demo account is a carbon copy of the live account, meaning the transition from virtual to real trading is effortless.

x Station 5

Regardless of whether a client is using the demo or the real account. XTB ensures the trading process is uncomplicated. Clients can trade on their laptops, smartphones, or tablets using xStation 5, XTB’s award-winning trading software. xStation 5 has become one of the most widely-used trading platforms with retail investors due to its superior execution speeds and practicality.

Your capital is at risk.

Massive Range of Assets to Trade

XTB doesn’t just excel when it comes to the act of trading – this broker also stands out due to its vast range of tradable assets. Having a wide range of assets to trade can make all the difference for newcomers to the financial markets, as it ensures near-limitless opportunities each week for successful trades.

With XTB, clients can trade currencies, indices, commodities, stocks, and ETFs. XTB even offers a selection of cryptocurrency CFDs, although these are unavailable to UK-based clients due to regulation.

XTB forex trading

However, all clients will easily be able to find potential investment opportunities since XTB has thousands of assets to choose from. Forex trading is one of XTB’s key strengths, with clients instantly given access to 48 currency pairs, including majors, minors, and exotics.

XTB’s stock selection is also fantastic, offering over 2,100 equities from various international markets. Since XTB’s stocks are structured as CFDs, clients can also employ up to 1:10 leverage on their positions. There’s even scope to short-sell these stock CFDs, ensuring clients can generate returns regardless of the prevailing market sentiment.

Although forex and stock trading are the most popular services offered by XTB, newcomers with a more long-term investment horizon are also catered to. These users can invest in 60+ ETF CFDs and 20+ indices, all whilst benefitting from negative balance protection and fully-transparent rollovers.

Cost-Effective Trading with XTB

Regardless of which asset financial market newcomers are looking to trade, XTB guarantees that the process is as cost-effective as possible. Clients can set up a free account with XTB in minutes, with no ongoing monthly account fees to worry about.

Active trading fees are also minimal since XTB doesn’t charge a commission for those that choose the ‘Standard’ account. This is the case across the board, with XTB’s fees incorporated into the bid/ask spread. Moreover, no trading limits are imposed – ideal for day traders and scalpers.

XTB trading fees

Non-trading fees are another area that XTB excels in. Many brokers/exchanges charge extortionate deposit, withdrawal, and inactivity fees – yet this isn’t the case with XTB.

Deposits made via bank transfer are free to facilitate, with credit/debit card deposits usually accompanied by a small transaction fee. Withdrawals of more than $100 are also free, and requests are handled the same day, assuming they’re made before 1 pm.

Safety & Security is Paramount at XTB

XTB’s huge asset selection, cost-effective fee structure, and exceptional trading experience are all supplemented by an unparalleled level of security. Security is a key factor that helps determine trading longevity, with XTB ensuring clients never have to worry about this element.

Boasting over 24 years of industry experience, XTB has solidified itself within the trading scene and has a long-standing reputation for being transparent and free from bad actors. Moreover, XTB’s parent company is listed on the Warsaw Stock Exchange, meaning the broker’s financials are fully-transparent.

XTB trading experience

In terms of regulation, XTB is policed by some of the world’s top industry bodies, including the FCA. XTB also has physical locations in 11 countries worldwide, ensuring the broker has a globalized service that caters to all.

These elements have combined to help XTB win various awards, strengthening the broker’s credibility. Awards that XTB has won in recent times include the prestigious ‘Best Forex Broker’ and ‘Best CFD Broker’ titles at the Rankia Awards ceremony in 2022.

Given XTB’s award-winning status, it’s clear why this broker has cemented itself as a safe and reliable option for financial market newcomers. With more people than ever looking to trade stocks, currencies, and other assets, XTB continues to stay ahead of the pack – and shows no signs of waning in this regard.

Your capital is at risk.

About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.