Is XTB.com a fair Forex Broker?
XTB (X-Trade Brokers) is a Forex Broker offering Forex Trading services via MetaTrader 4 and xStation trading platform. Regarding orders execution model, XTB is a market maker with instant execution. XTB should also have an account with a market STP execution, but their liquidity providers are undisclosed and execution of orders is questionable. At this time, XTB shouldn't offer % deposit bonuses and huge leverage - this is a good sign. But they offer fixed spreads and guarantee limit orders - this is not a good sign for traders as limit orders can be filled only in a favor of traders.
Pros: Standard spreads and commissions, no withdrawal issues, no dirty leverage / bonus offers
Cons: market making allowed, orders execution questionable, slippage experienced, limit orders guaranteed (can be filled only in a favor of traders)