XTB Platforms In Detail | How XTB Trading Platforms Work

XTB or X-trade Broker is one of the best forex and CFD brokers with more than 250,000 users around the world. It was founded in Poland, in 2002 and regulated by different financial authorities including the top-tier UK Financial Conduct Authority (FCA).

XTB works on two different platforms; the customized xStation platform, and the MetaTrader Platform. In the following section, we will dig deeper into each one of them.

xStation Web Platform

Pros

Cons

  • User-friendly
  • Good search function
  • Clear fee reports
  • No two-step verification while logging in

The web version is available in 2 platforms:

  • xStation 5: which is customized platform for XTB trading
  • MetaTrader 4 (MT4): this is a third party platform

Languages

The xStation 5 is available in a variety of languages like English, Arabic, Chinese, and more.

xStation 5 Languages

Arabic

Bulgarian

Chinese

Czech

English

French

German

Hungarian

Italian

Japanese

Polish

Portuguese

Romanian

Russian

Slovenian

Spanish

Thai

Turkish

Vietnamese

 

User interface (UI)

The UI of the web trading platform looks complex when you first look at it, but it seems much easier when you start working with it. It has a user-friendly design that’s customizable and easy to use.

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 UI

Login and Security

Unfortunately, the web trading platform lacks the two-step verification method for much security.

Searching

You can search on the web trading platform by clicking on ‘Market Watch’ and enter the product, or you can browse by categories like the Forex Pair, CFDs, real stocks, and more.

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 – Search

Placing orders

There are 4 types of orders:

  1. Market
  2. Limit
  3. Stop
  4. Trailing stop

In addition to those 4 types, there’s another order which is the time limit ‘Good ‘til time’ or GTT.

A useful tool in this platform is the trader calculator that helps you calculate different parameters in your trade.

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 – Place order

Notifications and alerts

You can customize the notification settings as you like for particular events and push SMS messages, email, etc.

Portfolio and reports

The web platform has a clear portfolio and fee reports with an ability to push daily reports via email.

2. xStation Desktop Platform

The xStation 5 also provides a desktop version with similar UI and functionalities as the web platform.

 

Pros

Cons

  • User-friendly
  • Good search function
  • Customizable charts
  • No two-step verification while logging in

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 – Desktop Version

3. xStation Mobile Platform

Pros

Cons

  • User-friendly
  • Modern UI
  • Price alerts
  • No two-step verification while logging in

The xStation 5 as well as the MT4 have mobile applications for their platforms that are available for IOS and Android devices. And in this review we will cover both of them.

Languages

The mobile platform is available with the same languages like the web trading platform.

User interface (UI)

The interface of the mobile platform is very user-friendly with the most important tools for any trader.

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 Mobile App – UI

Login and security

Unfortunately, the web trading platform lacks the two-step verification method for much security, but at the same time you can set a fingerprint verification in your mobile device to provide more security.

Searching

Like the web trading platform, you can type the product name in the search bar or browse in different categories smoothly.

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 Mobile App – Search

Placing orders

Same as the web platform, there are 4 types of orders:

  1. Market
  2. Limit
  3. Stop
  4. Trailing stop

In addition to those types, there’s another order which is the time limit ‘Good ‘til time’ or GTT.

XTB Platforms In Detail | How XTB Trading Platforms Work

xStation 5 Mobile App – Place Orders

Notifications and alerts

You can set your preferred notification alerts in your mobile such that the market alerts or market news.

4. MT4

Pros

Cons

  • Available on Windows / Mac / Web / Android / IOS
  • Order confirmation
  • Customizable charts
  • Available in a number of languages
  • Easy to use
  • Ability to social trade
  • Good searching functions
  • Notifications and price alerts on Desktop and Mobile versions
  • Lacks two-step verification
  • Old desktop design
  • No price alerts in web version

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

Arabic

Bulgarian

Chinese

Croatian

Czech

Danish

Dutch

English

Estonian

Finnish

French

German

Greek

Hebrew

Hindi

Hungarian

Indonesian

Italian

Japanese

Korean

Latvian

Lithuanian

Malay

Mongolian

Persian

Polish

Portuguese

Romanian

Russian

Serbian

Slovak

Slovenian

Spanish

Swedish

Tajik

Thai

Traditional Chinese

Turkish

Ukrainian

Uzbek

Vietnamese

 

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

XTB Platforms In Detail | How XTB Trading Platforms Work

MT4 – Mobile Version – UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has two different options:

  • You can search by categories and find assets.
  • You can also type the name of the asset and search for it manually.

XTB Platforms In Detail | How XTB Trading Platforms Work

MT4 – Mobile Platform – Search

Placing orders

MT4 has a simple order types which are:

  1. Market
  2. Limit
  3. Stop
  4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good ’til canceled’ (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

XTB Platforms In Detail | How XTB Trading Platforms Work

MT4 – Mobile Version – Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

XTB Platforms In Detail | How XTB Trading Platforms Work

MT4 – Mobile Version – Portfolio

5. FAQs

  1. Does XTB work with the mirror trader platform?
  • Yes, it does work with the mirror trader platform
    .
  1. What are the trading platforms that XTB doesn’t support?
  • Zulu Zulutrade, Sirix, cTrader, PAMM, and MT5.

 



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