XTB Announces Changes to Current Trade Conditions

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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term, contracts size, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term 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 11^th registration with the FCA that included his new CF1 Director role. Mr. Ford has been associated with the brokerage since July last year.