XTB – overview of FX and CFD broker. Trading in crypto-currencies

XTB – overview of FX and CFD broker. Trading in crypto-currencies title=
3.8/5
Min. deposit
$0
Website address
Demo account
Yes
Currency
EURGBPUSD
Supported languages
Eng
Active
Yes
Payment Methods
Credit CardDebit CardMaestroMastercardPayPalPaysafecardQIWISkrillVisaWire Transfer
Instruments
CFDCryptoForexStocks
Min. trade price
0.01 Lots
Regulated By
CySECDFSAFCAIFSCKNF
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
iOS, Android & Windows
Margin Trading
Yes
Volatility Index
Yes
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
No
Copy Trading
No
Trade Signals
Yes
Islamic Account
Yes
Guaranteed Stop Loss
Yes
Stock Exchanges
Australian Securities ExchangeBombay Stock ExchangeCAC 40 Index FranceDAX GER 40 IndexDeutsche BoerseDow JonesEuronextFTSE UK IndexHang SengHong Kong Stock ExchangeJapan Exchange GroupNasdaqNew York Stock ExchangeS&P 500SIX Swiss Exchange
Commodities
CocoaCoffeeCopperCottonGasolineGoldNatural GasNickelOilPrecious MetalsSilverSoybeansSugar
Forex Trading
XTB offers trading on major, minor and exotic currency pairs with tight spreads
Forex GBPUSD Spread
0.1 pips
Forex EURUSD Spread
0.2 pips
Forex EURGBP Spread
0.1 pips
Forex Assets
48
Crypto Spread
From 0.22%
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
ADA, BCH, BNB, BTC, DOGE, DOT, DSH, EOS, ETH, IOTA, LINK, LTC, NEO, TRX, UNI, XEM, XLM, XLM, XMR, XRP, XTZ
Ladder Options
No
Boundary Options
No
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* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 3.8,
according to 746 reviews

4.5 Stars
Eduardo Peña
Eduardo Peña
stars
pe
I finally found the perfect formula, Trading Platform and people who support you to achieve success in your Trading venture. After evaluating several trading solutions, I found an easy, complete and friendly platform... and most importantly, helpful staff who teach you and accompany you closely in your learning, with face-to-face meetings, training videos simple and practical, participation in live seminars on Technical Analysis of trading and live Fundamental Analysis of important events that move the financial market, such as the pronunciations of the FED and ECB, etc... And even better, always accompanied by excellent specialists as are Mr. Pablo Gil, Mr. José Raúl Godoy, Mr. Alfredo Amorín, and others, no less important. Eduardo Peña from Perú.

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Faraj Almahasneh
Faraj Almahasneh
stars
jo
easy trade and easy withdrawal

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Angie Ochoa
Angie Ochoa
stars
pe
thank you, I learned to use the plataform and I started to win money, At the beginning it was difficult for me but with the demo account, the technical and fundamental analysis, the news and the support from xtb it was a great help. I said that

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Kocs Dana
Kocs Dana
stars
ro
A frendly use platform, easy to open an account and a dedicated agent with whom I speak weekly. Excelent experience for me.

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Jesus Chirinos Miñano
Jesus Chirinos Miñano
stars
pe
It's a great oportunity to get close and use this kind of investment apps. I liked it very much and try the real one charging a small amount to have the experience. Thank you very much for everything Jesus Chirinos from Perú

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Thao Bui Van
Thao Bui Van
stars
vn
I traded here in 2020, had a lot of materials for trade, I only interested CFD for stock, but at that time commission is huge ( if I no wrong is min 8 $ for each open and close) =>difficultly for daily trade, after that I stopped and change to admiral, first trade at there is oke ( low spread, no commission, good for daily trade), currently somethings was changed , increase swap, low ratio margin, variation spread is much some stocks that I played suddenly changed to closed only that why I stuck with some stock, no respect client..., and I know trade stock here the commission was deleted, and see a lot of stock from EU/US , It will help me to filter several stock that I can Play. I will comeback here for trade. I hope it still good. I saw some broker with high spread for some stock, the trader can not trade, because profit less than fee :)

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Content

Overview of prospective forex brokers in the global financial market: XTB

Overview of prospective forex brokers in the global financial market: XTB

If you decide to try your hand at making money via financial transactions online, you need to choose a broker on the following indicators:

  • Period of work in the world financial market.
  • Presence of the regulator.
  • Number of experienced participants who use the company’s services.
  • Range of services.
  • Ability to contact real representatives of the company.

To see how all this is done in practice, let’s look at the example of a fairly well-known participant of the global financial market: XTB. We’ll take a look at objective data about the firm and see how it stacks up to its reviews online.

Further reading

What does the XTB forex broker offer?

What does the XTB forex broker offer?

The financial broker in question was established in 2002, which is considered to be a rather long period for the existence of companies of this type. Reviews of XTB on the Internet appear mixed, which is quite normal for any active forex broker.

What does the XTB forex broker offer?

Customer Security

One of the first questions of interest to XTB customers is the safety of this trading resource. This site warns its traders that the administration of the resource does not provide guarantees of winning combinations to its customers.

XTB is transparent that all participants trade at their own peril and risk: today you can earn more than one thousand dollars, and tomorrow you will lose an amount several times that.

The usage of MetaTrader 4 platforms, as well as the application specially prepared for XTB, guarantee reliable operation of the broker both in stationary and mobile modes. This is crucial for transactions that need to be constantly monitored, regardless of the location of the trader.

To solve unusual situations on the web resource, there are highly qualified specialists of the support service who provide services 24 hours a day, Monday through Friday. Customer service can be conducted in English, Chinese, and Spanish. Representatives are also qualified to address financial issues that may arise while using the site.

Regulation of activities

Regulation of activities

Many experienced traders do not recommend linking their online business to firms with which they have no contracts to regulate their activities. In this case, the headquarters of the broker in question is in the UK, where their regulatory body, FCA (an authoritative organization that is the guarantor of the reliability of a financial broker), operates. XTB’s activities are also monitored by:

  • IFSC (Financial Services Commission of Belize).
  • CNMV (regulator of the Spanish stock market).
  • KNF (Financial Supervision Authority of Poland).

For most analysts, this level of regulation is sufficient to comfortably register with the site without fear of fraudulent activity.

Training of users of the company

Given the unstable financial situation around the world, interest in the work of brokers is growing rapidly. Therefore, the site can be found a lot of useful training materials that demonstrate the mechanism of work of such structures: how to make bets, which factors affect the liquidity of assets, how to interpret forecasts, etc.

On the site, newcomers can learn everything, from the first steps in the online trading market, to interesting analytical materials and useful economic news. Particular attention should be paid to the demo account created on XTB, which makes it possible for users to test successful trading strategies without risking their personal investments.

Experienced traders argue that no theory can replace the practical tasks that demonstrate the entire algorithm of the system.

Further reading
Requirements and conditions of work on XTB

Requirements and conditions of work on XTB

Reviewers of the trading platform distinguish two types of broker’s main accounts:

  1. Standard.
  2. PRO.

The main differences between them can be traced on the broker’s official website; depending on the time and the specific situation in the market of these services, they can vary greatly.

Trading conditions

Trading conditions

  • Minimum replenishment of $250.
  • The minimum account is unlimited.
  • There is no Islamic account.
  • There is a commission for certain transactions (0.08% of the lot amount or $4).
  • Signals and warnings are activated by email.
  • Provided partner programs.
  • Automatic trading functions.

Financial assets

Users may select the following groups of trading tools that allow them to earn maximum amounts on concluded financial transactions:

  • Currency pairs.
  • Commodities and agricultural goods.
  • Shares of large enterprises.
  • CFD (for various contract objects).
  • Bonds.
  • Indices
  • Other securities.

Replenishment of trading account and withdrawal of funds

Replenishment of trading account and withdrawal of funds

In order to deposit money or withdraw it from the system, the developers of the web resource offer the following options:

  • Plastic cards (Visa / Master Cards or Maestro).
  • SafetyPay.
  • Skrill.
  • PayPal.
  • Neteller.
  • Most bank transfers.

If you choose one of the listed methods of deposit / withdrawal of funds, you need to consider the commission for payment, the time required for the operation, and other subjective factors affecting this procedure.

Final Thoughts

Despite its mixed reviews, an analysis of XTB’s features and trading conditions appears mostly positive. The platform has the latest security features, skilled customer support, and a wide variety of assets from which to choose. The range of options for deposit and withdrawal of funds is convenient for many traders.

Finally, the regulating attention paid to XTB can put cautious investors’ minds at ease that its activities are being monitored for potential fraudulent activity. With this level of functionality, there is no doubt that this platform will continue to grow in popularity in the coming years.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.

Further reading