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.
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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.