XTB
About XTB Broker
XTB Broker is a renowned brokerage firm specializing in online trading across the Forex, Crypto, and CFD markets. Established in Belize, a prominent offshore jurisdiction, XTB has been a key player in the industry for over 15 years. The company prides itself on offering personalized services, a wide array of educational resources catering to traders of all levels, and its award-winning trading platform, xStation. Operating in 17 countries and regions, XTB ensures consistent trading conditions across all its locations. The broker holds licenses from reputable regulatory bodies such as FCA (UK), CySec (Cyprus), KNF (Poland), and IFSC (Belize).
Account Options
XTB provides clients with four distinct account types. The demo account allows users to explore the platform without any financial risk. The standard account grants access to a diverse range of over 1500 financial instruments, including forex, commodities, cryptocurrencies, indices, stock CFDs, and ETF CFDs. It features market execution, leverage of up to 1:200, a minimum spread of 0.35, and a minimum order size of 0.1 lot. Additionally, it includes safeguards against negative balance and supports automated trading. The professional account offers similar assets with a minimum spread of 0.28, maximum leverage of 1:200, and a minimum order size of 0.1 lot. The Islamic account mirrors the standard account but excludes cryptocurrency trading and swaps.
Opening an Account
Registering with XTB is a straightforward process. Simply complete the online form on the official website, undergo necessary data verification procedures, and gain access to the trading platforms for orientation. Once the application is approved, clients can fund their accounts and commence trading activities.
Trading Terms
XTB empowers traders to operate with leverage up to 200:1 or enjoy spreads as low as 0.3 pips. The platform ensures complete transaction transparency by displaying pips, spreads, and swaps in each trading ticket. Utilizing cutting-edge technology, XTB minimizes the occurrence of requotes and mitigates associated risks.
Account Funding
Depositing funds into an XTB account is convenient and secure. Clients can choose from various deposit methods available under the “Deposits” section, including Bank Wire, VISA, MasterCard, PayPal, PaySafe Card, and Skrill.
Withdrawal Process
Withdrawing funds from an XTB account is equally hassle-free. Specify the withdrawal amount and the designated bank account. XTB processes withdrawals under the SHA model, covering the full cost levied by the sending bank. A withdrawal fee of $30 is applicable for withdrawals below $100.
Final Thoughts
XTB Broker is a globally recognized online brokerage firm with a wealth of experience in the financial markets. Offering access to a vast array of financial instruments, XTB is distinguished by its reliability and favorable trading conditions. While some traders may have differing opinions on XTB’s offerings, the broker remains a popular choice for numerous clients worldwide.
This review has been prepared by the specialists at ExpertsReview.