XTB Announces Changes to Current Trade Conditions

Tuesday, 29/03/2016 | 15:53 GMT by Damian Chmiel
  • The updates revealed by the brokerage apply to commissions on pairs, including four base currencies.
XTB Announces Changes to Current Trade Conditions
XTB

X-Trade Brokers (XTB), a foreign exchange retail brokerage based in Poland, today announced changes to the commissions and fees for its PRO trading account offering. According to an official announcement, the changes will come into force on the 1st of April (this coming Friday). The changes will affect four base currencies.

The adjustments will apply to the commissions charged on U.S. dollar (USD), euro (EUR), pound sterling (GBP) and Hungarian forint (HUF) transactions and trades. In the case of USD, commissions will be reduced from 5.0 to 4.0, for EUR from 4.5 to 3.5, for GBP from 3.0 to 2.5 and for HUF from 1400.00 to 1100.00. The commission structure which is provided for a given currency apples to the opening and the closing of a position worth 1 lot.

XTB joins the fray of brokerages operating on the retail foreign exchange market, that have announced modifications to their existing trading conditions this month. The first to update its offering was Admiral Markets – a move which is related to Leverage , contracts size, Swaps and spreads for selected instruments. The amendments have been enacted starting from March 28th and were related to Admiral Markets and Admiral Prime account holders.

Finance Magnates has also recently reported that XTB is announcing the promotion of Marcus Ford to the position of director, reflecting the March 11th registration with the FCA that included his new CF1 Director role. Mr. Ford has been associated with the brokerage since July last year.

X-Trade Brokers (XTB), a foreign exchange retail brokerage based in Poland, today announced changes to the commissions and fees for its PRO trading account offering. According to an official announcement, the changes will come into force on the 1st of April (this coming Friday). The changes will affect four base currencies.

The adjustments will apply to the commissions charged on U.S. dollar (USD), euro (EUR), pound sterling (GBP) and Hungarian forint (HUF) transactions and trades. In the case of USD, commissions will be reduced from 5.0 to 4.0, for EUR from 4.5 to 3.5, for GBP from 3.0 to 2.5 and for HUF from 1400.00 to 1100.00. The commission structure which is provided for a given currency apples to the opening and the closing of a position worth 1 lot.

XTB joins the fray of brokerages operating on the retail foreign exchange market, that have announced modifications to their existing trading conditions this month. The first to update its offering was Admiral Markets – a move which is related to Leverage , contracts size, Swaps and spreads for selected instruments. The amendments have been enacted starting from March 28th and were related to Admiral Markets and Admiral Prime account holders.

Finance Magnates has also recently reported that XTB is announcing the promotion of Marcus Ford to the position of director, reflecting the March 11th registration with the FCA that included his new CF1 Director role. Mr. Ford has been associated with the brokerage since July last year.

Topics
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brokerage
Retail Trading
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About the Author: Damian Chmiel
Damian Chmiel
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Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

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