Overall, X Open Hub can be summarised as a credible and trustworthy broker and is considered average-risk with competitive trading fees and spreads. X Open Hub offers traders the MetaTrader 4 platform as well as the XOH trading platform.
X Open Hub at a glance
| Broker's Name | X Open Hub |
| 📍 Headquartered | United Kingdom |
| 📅 Year Founded | 2002 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | Not specified |
| 💳 Deposit Options | Bank Wire Transfer |
| 💳 Withdrawal Options | Bank Wire Transfer |
| 💻 Platform Types | XOH Trading Platform and MetaTrader 4 White Label |
| 📱 OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 📈 Tradable assets offered | Forex Cryptocurrencies Indices Commodities Shares ETFs |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/5 |
Min Deposit USD 0 Regulators FCA Trading Platform MT4, XOH Trading Platform Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
X Open Review – 18 key points quick overview:
- ✔️X Open Hub Overview?
- ✔️Safe or Scam?
- ✔️X Open Hub Pros and Cons
- X Open Hub Leverage
- X Open Hub Accounts
- X Open Hub Market Instruments
- X Open Hub Fees
- X Open Hub Deposit and Withdrawal
- X Open Hub Trading Platforms
- How to open an X Open Hub account
- Customer Support
- X Open Hub vs Etoro vs XM – Comparison Table
- Education
- Research
- X Open Hub Current Popularity Trend
- Awards
- Conclusion
- Frequently Asked Questions
X Open Hub Overview?
According to research in South Africa, X Open Hub is a fin-tech company which is based in London, UK, and has been in operation since 2013. X Open Hub is not only an online trading provider but also a provider of multi-asset liquidity. Although headquarters are based in London, there is also an Operations and Technology Centre in Warsaw which is aimed at the development, design and provision of cutting-edge trading technology.
X Open Hub has an extensive global presence, with the XTB Capital Group being listed on the Warsaw Stock Exchange. There are over 100 partnerships which are spread right around the group, and the company has a substantial number of testimonials. Services provided by X Open Hub are aimed specifically at retail firms and financial institutions. X Open Hub along with its group activities have led to its growth into a reliable and reputable brokerage firm.
X Open Hub has invested heavily in the development of technology that allows for delivery of not only low-latency execution but also has allowed for the provision of lower pricing and tight spreads.
X Open Hub operates 24 hours a day, 6 days a week and provides traders with access to Robust IT Departments in some of the largest banks and brokerage houses. Furthermore, there is connection to stock exchanges, ECN banking systems and an array of STP providers.
Not only is X Open Hub an ETF broker, but partners and clients have access to investments in various exotic markets along with the provision of low spreads which start from 0 pips without requotes. X Open Hub’s partners include XTB, LegacyFX, PatronFX, iTRADE GLOBAL, SIS, and more.
Traders have access to over 3000 global instruments spread over several assets, and X Open Hub caters not only for advanced traders, but for beginners as well through educational resources.
Safe or Scam?
X Open Hub is not only regulated by the Financial Conduct Authority (FCA), but also by KNF, CySEC, IFSC in Belize and CMB in Turkey, which allows it to offer services to more than 10 EU countries. These Authorities are some of the strictest and most demanding in the industry, and they hold brokerage firms in Europe to extremely high standards. X Open Hub provides for some of the safest trading environments available.
Client funds are kept in segregated accounts, separate from company funds, which ensures that client funds cannot be used for any other reason. X Open Hub also provides its clients with negative balance protection. This protection ensures that the client who possesses losing positions will not go into a negative balance. This is a strict risk management feature which is one of the many reasons that X Open Hub is such a reputable and reliable broker.
X Open Hub Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well regulated | No US Clients |
| Unique offering | Not recommended for beginners |
| Broker suited for professional, institutional traders | Retail traders not accommodated |
| Competitive trading conditions | Islamic Account option not offered |
| Demo account offered | |
| Powerful trading platforms supported | |
| Advanced technology employed in trading solutions |
X Open Hub Leverage
When trading through X Open Hub, traders are provided with the use the leverage tool. This allows traders to have multiple initial account balances for potential gains, but this also means that there is an equal possible risk of losses which can exceed the initial deposit.
The leverage levels depend on several factors which include the level in the trading itself along with the type of instrument that is being traded and any restrictions imposed by regulatory bodies.
The UK and therefore the FCA have restrictions in place that allow traders a leverage of 1:30 for major currencies, 1:20 for minor currencies and 1:10 for commodities. These restrictions are to protect traders from losses that may exceed the initial deposit.
Despite the potential gains that higher leverages might provide, traders need to ensure that they use leverage levels correctly.
X Open Hub Accounts
X Open Hub specifically caters for Banks, Brokers and Startups, therefor they have diversified their offerings especially and specifically for these types of clients. These offerings have been structured in such a way that caters for the clients’ every need.
Banks or Brokerages are therefore given the opportunity for expanded trading in their offerings to their own clients. This is made possible through the improvement of operating results as a result of the outsourcing of strategy.
X Open Hub, through understanding what their clients need and what their client demands are, have provided a trading environment specifically for third parties who can then build and in turn create a completely new trading system that is based on X Open Hub’s APIs.
The accounts provide not only for flexibility on mark-ups pertaining to influence charts and swaps, but also include settings which are entirely customizable. X Open Hub also provides client support in addition to reporting tools. There is also provision made to ensure that there are no limitations on security groups and included in the offering is access to IB, MAM, multi-asset, flexible netting and gross management as an added feature.
When considering spreads, X Open Hub delivers one of the most competitive pricing models which come with interbank spreads of the highest grade. These spreads are specifically designed to meet some of the most demanding needs of clients.
X Open Hub provides floating spreads instead of fixed or variable spreads and included are tools which can be used to adjust better pricing. Each investor or institution have solutions which are tailored according to their individual needs. The spreads on the financial instruments are determined not only by the instruments themselves, but also on the market conditions and offers.
X Open Hub Market Instruments
X Open Hub offers institutions liquidity on over 3000 global instruments which are spread across five asset types including Forex, Cryptocurrencies, Indices, Commodities, Shares and ETFs.
Currently, the most popular instruments are:
➡️️ EUR/USD
➡️️ GBP/USD
➡️️ DE30
➡️️ UK100
➡️️ US500
➡️️ Gold
➡️️ Oil
Min Deposit USD 0 Regulators FCA Trading Platform MT4, XOH Trading Platform Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
X Open Hub Fees
The fees that X Open Hub may charge will depend on the platform that the client decides to use as each has its own built in fees and charges. The company may also be contacted on their ‘Contact Us’ page for specific pricing information.
Traders should always consider rollover or overnight fees when holding positions longer than a day. Every instrument has a different fee with regards to overnight positions and this can be viewed by consulting the different platforms as each will have its own.
That said, X Open Hub has conditions that are negotiable due to the nature of their business and along with that, conditions are specifically designed to meet the individual needs of their clients.
X Open Hub Deposit and Withdrawal
The deposit and withdrawal processes are not set by X Open Hub, but by the institutions that make use of X Open Hub. These institutions will have their own deposit and withdrawal processes set up, which can be accessed on their websites of the institutions.
The deposit and withdrawal processes will include the payment methods that the institutions support, along with currencies, limits, and minimum amounts that can be withdrawn along with fees and charges involved with both.
X Open Hub Trading Platforms
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X Open Hub makes provision for state-of-the-art, high functionality, and multi-featured platforms that their clients can use. In addition, X Open Hub is actively involved with providing only the most advanced and innovative technology with regard to these platforms.
XOH Trading Platform
This platform was designed to be an all-encompassing, complete and multi-asset platform that is provided for brokerage companies. It is one of the most powerful trading platforms available on the market and comes with an array of tools and features.
This platform is designed to cater for individual needs and comes with a back-office that includes a comprehensive risk management system THAT works in collaboration with the multi-asset liquidity that X Open Hub offers along with smart B-Book Executors.
The XOH trading platform is also available for use on desktops which ensures advanced trading capabilities. The desktop version is a new and improved HTML5 platform that ensures not only the best execution quality but also the necessary speed.
The XOH trading platform is also supported on mobile devices that run iOS software, and includes features such as:
➡️️ Order closing in bulk
➡️️ Charts that are not only interactive but that come equipped with technical indicators
➡️️ Complete trade management
➡️️ The provision of an economic calendar
➡️️ Market news that is presented at real-time
The XOH Trader is advanced and comes with an array of features such as:
➡️️ Advanced charting with exclusive features such as price correlation
➡️️ Clients have access to various technical indicators which include (but is not limited to):
➡️️ Bears/Bulls power
➡️️ Bollinger Brands
➡️️ CCI
➡️️ EMA, and more
➡️️ The charting package also includes drawing tools such as:
➡️️ Andrew’s Pitchfork
➡️️ Elliot Waves, and
➡️️ Fibonacci
Provision is also made for the creation of White Labels which comes standard with an interface that is extremely user-friendly and the ability for clients to grow their B2B partnerships. White labels can either be created for web platforms or for downloadable platforms.
The needs of clients can easily be met through the customization pertaining to the look and feel of the front-end along with the provision of instruments that have been tailored to suit the needs of partners. In addition, RSS feeds can easily be mapped into the platform and there is enough potential for the integration of a customized chat service within the platform itself.
Institutions can create all kinds of apps along with fully functional XOH Trader through using X Open Hub’s API. With this, there are no limitations on what can be created. There have been a lot of efforts made to improve the way in which trades are automatically controlled and thus X Open Hub has empowered XOH Trader with Smart Executors.
Through using this new technology, a lot of problems that arose using B-Book have been solved, including issues with not only scalpers but also with high volume traders. The Smart B-Book Executors have not only taken care of such issues but have ensured that excellent client execution is maintained with an NDD. With this Executor, operational costs have also been decreased and flow control depends on fewer dealers.
X Open Hub allows its clients to not only create new clients, but to process deposits and withdrawals with the greatest of ease by using the Back Office xManager. This also enables the institution to view trading activity and the portfolio performance of their clients.
To ensure that institutions can manage their risk effectively, X Open Hub provides xRisk, which comes equipped with the following features:
➡️️ Individual trade hedging
➡️️ Ability to set exposure limits by the client, client group or instrument
➡️️ Advanced reporting tools, and more
MetaTrader4
MetaTrader4 is the most used and most popular trading platform in the trading community and it works perfectly with X Open Hub’s existing technological innovations like Smart B-Book Executors, Smart Executors and xRisk.
The MetaTrader4 trading environment also makes provision for executions which are fully automatic as well as reliable. In addition, MetaTrader4 also has the following features:
➡️️ Access to EAs
➡️️ Automatic monitoring
➡️️ Advanced charts as well as live analysis
➡️️ A built-in strategy tester
➡️️ A Pattern recognition tool
➡️️ MT4 cloud solution to economise server costs along with integration and administration expenses
➡️️ Access to WlManager to handle trade inquiries as well as manage customer accounts
Min Deposit USD 0 Regulators FCA Trading Platform MT4, XOH Trading Platform Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
How to open an X Open Hub account
The X Open Hub review is simple and easy.
For institutions who are interested in partnering with X Open Hub, there are demos available on both the provided platforms and for further information, X Open Hub can either be contacted telephonically of via email for more information.
Step 1 – Visit the X Open Hub website
Visit the official X Open Hub website.
Customer Support
Provision is made for a telephone number, an email address as well as the company’s physical address. There is also a section with an online request form that can be completed.
X Open Hub vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇X Open Hub | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | No minimum required | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:30 | 1:400 | 1:888 |
| 💵 Currency Pairs | 50+ | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Education
The educational section on X Open Hub’s website makes provision for a blog. In addition, there is also a Knowledge Base which is provided along with xAPI manuals and the link to the xStore.
Research
There are no research tools provided on the website. The Trading Platforms which X Open Hub provides come integrated with a variety of Research Tools such as charts, analytical tools, economic calendars, and more.
X Open Hub Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “X Open hub” is entered into Google’s search engine over a given period of time.
Awards
There are no awards indicated on the X Open Hub website.
Conclusion
X Open Hub acts in full compliance with the regulations of the FCA which provide clients with the safety and security of dealing with a reliable and reputable broker.
The technological solutions provided by X Open Hub are designed to cater for all needs that clients may have, and it comes jam-packed with access to not only deep liquidity on multi-assets, but a variety of other services tailored for institutional clients, start-ups and brokers.
The NDD-model ensures that X Open Hub has a proposal process which is advanced along with features of solutions that are technology-driven. In addition to the NDD model, X Open Hub also has one of the leading and most competitive pricing models which are specifically designed to cater for institutions or STP/ECN brokers.
You might also like: X Open Hub Account Types Overview
You might also like: X Open Hub Demo Account – Step by Step
You might also like: X Open Hub Fees and Spreads
You might also like: X Open Hub Minimum Deposit
You might also like: X Open Hub Sign up Bonus
Min Deposit USD 0 Regulators FCA Trading Platform MT4, XOH Trading Platform Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
Frequently Asked Questions
Trading environments
How many instruments can I trade with X Open Hub?
You can trade the following instruments:
- Forex
- Cryptocurrencies
- Indices
- Commodities
- Shares
- ETFs
Which platforms are supported by X Open Hub?
- XOH Trading Platform.
- MetaTrader 4 White Label.
Does X Open Hub offer leverage?
Yes. As a UK-based broker regulated by FCA, X Open Hub only offers maximum leverage of 1:30.
What spreads can I expect with X Open Hub?
Spreads from as little as 0.0 pips.
Does X Open Hub charge commission?
Unsure. Commissions are not mentioned on the X Open Hub website. This broker caters for professional clients, so it is safe to assume that commissions will be tailored to the individual once they open a live account.
Are there additional charges on the Islamic account?
No. Due to the nature of its business, X Open Hub does not offer Muslim traders the option of converting an account to that of an Islamic Account.
Is X Open Hub regulated?
Yes. X Open Hub is regulated by the highly reputed FCA in the UK.
Is X Open Hub a recommended forex trading broker for experts and beginners?
Yes. No, X Open Hub is not recommended for beginners, only for experts and professional traders.
What is the overall rating out of 10 for X Open Hub?
6/10.
Accounts
What is the difference between a demo and live trading account?
A Demo Account is a risk-free account which is funded by virtual money and allows traders to either practice trading, explore the brokers offering, or test trading strategies in a mimicked live trading environment.
Does X Open Hub offer a demo account?
Yes, a demo account is among the account types offered by X Open Hub
For how long is the demo account valid?
The standard duration of a Demo Account is 30-days. Some brokers offer the demo account indefinitely if there is constant activity on the account. It is unsure whether this is the provision made by X Open Hub.
Does X Open Hub offer the option of an Islamic Account?
No. Due to the nature of its business, X Open Hub does not offer Muslim traders the option of converting an account to that of an Islamic Account.
Which live trading accounts does X Open Hub offer?
X Open Hub offers tailor-made accounts to the following clientele:
- Bankers
- Brokers
- Start-ups
What are the available deposit currencies for a live trading account?
- USD
- GBP
- EUR
Deposits and withdrawals
What is the minimum deposit for X Open Hub?
There is no minimum deposit indicated for X Open Hub.
How do I make a deposit and withdrawal with X Open Hub?
You can only make use of Bank Wire Transfer.
Does X Open Hub charge withdrawal fees?
No. However, traders may have to pay fees which are waived by their payment provider.
How long does it take to make a withdrawal?
This will depend on the method through which withdrawals are made along with the process involved and it can take between one and several business days.
DISCLAIMER
The trading of financial instruments involves a high level of risk which may not be suitable for some investors. The products and information that is provided by X Open Hub is not designed as recommendation or encouragement on which decisions can be based.
X Open Hub cannot be held liable for any losses or potential losses which are incurred as result of decisions made or actions taken by institutions and/or their clients, according to research in South Africa.
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