XTB Broker Review

Is XTB a scam?

XTB is a regulated broker, which means that it must comply with the rules and regulations set by the financial authorities in the countries where it operates. XTB is authorized and regulated by several reputable financial regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF).

These regulators require XTB to maintain certain standards and safeguards to ensure the safety and protection of its clients. XTB is required to maintain segregated client accounts to keep client funds separate from the company’s own funds. This means that in the event of XTB’s insolvency, client funds are protected and can be returned to clients.

XTB also offers negative balance protection to its clients, which means that clients cannot lose more than their account balance. In addition, XTB is a member of the Financial Services Compensation Scheme (FSCS) in the UK, which provides additional protection to clients in the event of XTB’s insolvency. The FSCS can provide compensation up to £85,000 per client.

Overall, XTB’s regulatory status and safety measures provide clients with a high level of protection and security when trading with the broker.

Best Forex Brokers Ranking

Rank	Broker	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness	Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets	Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM	Open XM account	30$	MT4, MT5	5$	-
4	XTB	Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS	Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

XTB Trading Platforms

XTB offers clients a choice of two trading platforms: xStation 5 and MetaTrader 4 (MT4).

xStation 5 is a proprietary trading platform developed by XTB. It is a user-friendly and intuitive platform that is available in both desktop and mobile versions. The platform offers a wide range of trading tools and features, including advanced charting tools, technical analysis indicators, and risk management tools. It also offers a news feed and economic calendar to keep traders informed of market events.

MetaTrader 4 (MT4) is a popular third-party trading platform that is widely used by forex traders around the world. It is available in both desktop and mobile versions and offers a wide range of trading tools and features. MT4 is known for its advanced charting capabilities and automated trading functionality through the use of Expert Advisors (EAs). It also has a large community of traders who have developed custom indicators and EAs that can be used to enhance the platform’s functionality.

Both xStation 5 and MT4 offer clients a variety of order types, including market orders, limit orders, stop orders, and trailing stop orders. They also offer a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies.

Overall, XTB’s trading platforms are reliable, user-friendly, and offer a range of features and tools to meet the needs of both beginner and experienced traders.

Products XTB provides

XTB provides its clients with a range of financial instruments for trading, including:

Forex: XTB offers trading in over 50 currency pairs, including major, minor, and exotic currency pairs.
Indices: XTB offers trading in a wide range of global stock indices, including the S&P 500, FTSE 100, and DAX 30.
Commodities: XTB offers trading in popular commodities such as gold, silver, oil, and natural gas.
Stocks: XTB offers trading in a variety of stocks from around the world, including popular companies such as Apple, Amazon, and Facebook.
Cryptocurrencies: XTB offers trading in popular cryptocurrencies, such as Bitcoin, Ethereum, and Ripple.

In addition to these instruments, XTB also offers clients access to other financial products such as ETFs (Exchange-Traded Funds), bonds, and options.

Overall, XTB’s product offering is diverse and allows clients to trade a variety of financial instruments from different markets around the world.

XTB account types

XTB offers clients a choice of three account types, each with different features and benefits:

Basic: The Basic account is designed for beginner traders who want to start trading with small amounts of money. It requires a minimum deposit of $/€/£250 and offers spreads from 0.35 pips, maximum leverage of 1:200, and access to the xStation 5 platform.
Standard: The Standard account is designed for more experienced traders who want access to more advanced trading features. It requires a minimum deposit of $/€/£1,000 and offers spreads from 0.28 pips, maximum leverage of 1:200, and access to both the xStation 5 and MetaTrader 4 platforms.
Pro: The Pro account is designed for professional traders who require the highest level of trading conditions and features. It requires a minimum deposit of $/€/£5,000 and offers spreads from 0.1 pips, maximum leverage of 1:200, and access to both the xStation 5 and MetaTrader 4 platforms. Pro account holders also benefit from free VPS hosting and personalized support.

All XTB account types offer negative balance protection, Islamic accounts for clients who require them, and access to a range of educational materials and resources.

Overall, XTB’s account types are designed to cater to the needs of traders at different levels of experience and with different trading styles and requirements.

XTB trading fees

XTB’s trading fees depend on the account type and the trading instrument. Generally, XTB offers competitive spreads and low commissions for trading, making it an attractive option for cost-conscious traders.

For forex trading, XTB charges a variable spread that starts from as low as 0.1 pips on the Pro account type, 0.28 pips on the Standard account type, and 0.35 pips on the Basic account type. The commission charged on forex trades is $3.5 per lot on the Pro account, and no commission on the Standard and Basic accounts.

For indices and commodities, XTB charges a fixed spread, which varies depending on the trading instrument. The spreads start from 0.35 points for major indices and 0.03 points for gold trading. There is no commission charged on these trades.

For stocks and ETFs, XTB charges a commission based on the size of the trade. The commission starts from 0.08% for US stocks and 0.10% for European stocks, with a minimum commission of $8.

For cryptocurrencies, XTB charges a spread, which starts from 0.7 points for Bitcoin and 1.3 points for Ethereum, with no commission charged on these trades.

Overall, XTB’s trading fees are competitive, and the broker offers a range of account types to suit the needs of different traders.

XTB Deposit and Withdrawal Options

XTB offers its clients a variety of funding and withdrawal options, including:

Deposit Options: Clients can fund their XTB trading accounts using bank transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal. Deposits made by bank transfer may take up to 3 business days to clear, while deposits made by credit/debit cards and e-wallets are usually credited to the trading account instantly.
Withdrawal Options: Clients can withdraw funds from their XTB trading accounts using the same methods used for deposits. Withdrawals are processed within one business day, and clients can expect to receive their funds within 2-5 business days, depending on the withdrawal method.
Fees: XTB does not charge any deposit or withdrawal fees, except for withdrawals made via bank transfer, which are subject to a fee of $/€/£10 per withdrawal.
Processing Time: Deposits made by credit/debit cards and e-wallets are usually credited to the trading account instantly. Bank transfer deposits may take up to 3 business days to clear. Withdrawals are processed within one business day, and clients can expect to receive their funds within 2-5 business days, depending on the withdrawal method.

Overall, XTB offers clients a variety of funding and withdrawal options with competitive processing times and no deposit or withdrawal fees, except for bank transfer withdrawals.

XTB’ promotions

XTB occasionally offers promotions and bonuses to its clients. These promotions can vary in nature and may include:

Deposit bonuses: XTB may offer bonuses on deposits made by clients. For example, clients may receive a bonus of 10% or 20% on their deposits, depending on the promotion.
Trading contests: XTB may organize trading contests for its clients, where participants can compete with each other to win prizes such as cash bonuses or free trades.
Referral programs: XTB may offer referral bonuses to clients who refer new clients to the platform. The referring client may receive a bonus for each new client they refer who opens and funds a trading account.

It is important to note that promotions and bonuses offered by XTB are subject to terms and conditions. Clients should carefully read and understand the terms and conditions before participating in any promotional offer to ensure that they understand the requirements and restrictions associated with the offer.

Overall, while XTB does offer promotions and bonuses from time to time, it is important for clients to carefully evaluate the terms and conditions associated with any offer to ensure that they are in line with their trading goals and expectations.

XTB customer support

XTB provides customer support to its clients in multiple languages through various channels. Clients can contact XTB customer support through the following channels:

Live Chat: XTB’s live chat support is available 24/5 and allows clients to quickly get in touch with a support representative for immediate assistance.
Phone Support: XTB provides phone support in multiple languages, and clients can call the dedicated support line for their region to speak with a representative.
Email Support: Clients can email XTB customer support to receive assistance with their account or trading-related inquiries.
Social Media: XTB maintains active social media accounts on platforms such as Facebook and Twitter, where clients can send messages or tweets to receive support.

In addition to these channels, XTB also provides a comprehensive FAQ section on its website, which covers a wide range of topics related to account management, trading, and platform use.

Overall, XTB’s customer support is responsive, knowledgeable, and available in multiple languages through various channels, making it easy for clients to receive assistance with their trading-related inquiries.

XTB Educational Resources

XTB offers a range of educational resources to help clients improve their trading skills and knowledge. These resources include:

Webinars: XTB offers regular webinars on various topics related to trading, including market analysis, trading strategies, and risk management.
Video Tutorials: XTB provides a library of video tutorials covering a wide range of topics, including platform use, chart analysis, and trading strategies.
Trading Academy: XTB’s Trading Academy offers a comprehensive range of educational materials, including interactive courses, quizzes, and articles on various topics related to trading.
Economic Calendar: XTB’s economic calendar provides clients with a comprehensive view of upcoming economic events and their potential impact on the markets.
Market Analysis: XTB provides regular market analysis, including daily market updates, weekly reports, and technical analysis, to help clients stay informed about market movements and trends.
Demo Account: XTB offers clients the option to open a demo account, which allows them to practice trading with virtual funds in a risk-free environment.

Overall, XTB’s educational resources are comprehensive and designed to help clients improve their trading skills and knowledge. The resources cover a wide range of topics and are suitable for traders of all levels, from beginners to advanced traders.

Pros and cons of XTB

Pros:

Regulation and Safety: XTB is regulated by several reputable financial authorities, including the FCA, CySEC, and IFSC, which provides clients with an added layer of safety and security.
Trading Platforms: XTB offers its clients a choice of two robust and user-friendly trading platforms, including the popular MetaTrader 4 platform and its proprietary xStation platform.
Product Range: XTB offers a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies, allowing clients to diversify their trading portfolios.
Educational Resources: XTB provides a range of educational resources to help clients improve their trading skills and knowledge.
Customer Support: XTB’s customer support is responsive, knowledgeable, and available in multiple languages through various channels.

Cons:

Limited Account Types: XTB only offers two account types, which may not be suitable for all traders.
Limited Funding Options: While XTB offers a range of funding and withdrawal options, the options may be limited for clients in certain regions.
Inactivity Fees: XTB charges an inactivity fee of $10 per month after 365 days of no trading activity, which may be a concern for traders who do not trade frequently.
Limited Promotions: XTB’s promotional offers are limited compared to some other brokers in the industry.

Overall, XTB is a well-regulated and established broker with a range of products, educational resources, and customer support channels. However, potential clients should carefully evaluate the pros and cons of using XTB to determine if it is the right broker for their trading needs and preferences.

Frequently asked questions about XTB

Is XTB regulated?

Yes, XTB is regulated by several reputable financial authorities, including the FCA, CySEC, and IFSC.

What trading platforms does XTB offer?

XTB offers two trading platforms: MetaTrader 4 and xStation.

What financial instruments does XTB offer for trading?

XTB offers a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies.

Does XTB offer a demo account?

Yes, XTB offers clients the option to open a demo account, which allows them to practice trading with virtual funds in a risk-free environment.

What are the account types offered by XTB?

XTB offers two account types: Standard and Pro.

What are the funding and withdrawal options available at XTB?

XTB offers a range of funding and withdrawal options, including bank transfer, credit/debit cards, and e-wallets.

Does XTB charge any fees for trading?

Yes, XTB charges trading fees, including spreads and commissions. In addition, there are other fees, such as inactivity fees, which may be charged in certain circumstances.

What educational resources does XTB provide?

XTB provides a range of educational resources, including webinars, video tutorials, a trading academy, an economic calendar, and market analysis.

What languages is XTB customer support available in?

XTB customer support is available in multiple languages, including English, Spanish, German, French, and Polish.

Is XTB a good broker for beginners?

Yes, XTB offers a range of educational resources and a demo account, which makes it a good broker for beginners who want to learn how to trade forex and CFDs.

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