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

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.

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

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.

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

• 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

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.

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