XTB Review 2024

What is XTB?

XTB, also known as X-Trade Brokers, is a globally regulated broker with more than 14 years of experience. It is one of the largest stock exchange-listed FX & CFD brokers in the world. XTB is active in over 10 countries, including the UK, Poland, Germany, France, and Spain. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (FSC, 000302/438), CySEC (169/12), FCA (522157). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. XTB is a broker that focuses on the European segment of the market. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers. XTB is suitable for novice traders because the deposit in XTB starts from $1. A leverage of 1:500 will allow you to test almost any trading strategy without significant investments. XTB provides a fairly extensive list of financial services to traders. It offers over 1500 instruments to trade-in. XTB is known for its outstanding customer service, competitive research, and its innovative xStation 5 proprietary trading platform suite. In summary, XTB is a trusted brand that provides a broad selection of tradeable securities. However, as with any broker, potential users are recommended to thoroughly analyze pros and cons before opening an account.

What is the Review Rating of XTB?

What are the Pros of XTB?

XTB, a popular trading platform, offers several advantages that make it a top choice for forex traders. Here are some of the key benefits:. Wide Range of Markets: XTB supports thousands of global markets, including stocks, forex, commodities, indices, and cryptocurrencies. This broad selection provides traders with numerous opportunities for diversification. Competitive Spreads: XTB offers very competitive spreads, which can help to reduce trading costs. For example, the EUR/USD forex pair can be traded from just 0.01 pips. High Leverage: XTB is one of the best high-leverage brokers, offering leverage of up to 1:500. This allows traders to potentially achieve higher returns, although it also increases risk. Advanced Trading Suite: XTB’s trading suite is packed with analysis tools, helping traders to make informed decisions. Free Demo Account: XTB offers a free demo account with $100,000 in paper trading funds. This allows traders to practice their strategies without risking real money. No Minimum Deposit Requirement: There is no minimum deposit requirement to start trading with XTB. , making it accessible to traders of all levels. Regulation: XTB is regulated by authorities in the UK, Cyprus, Spain, Poland, and Belize. , providing traders with an added layer of security. Interest on Cash Balances: XTB currently pays interest (up to 5% for USD) on cash balances. This is a unique feature that can help to increase a trader’s overall return. Please note that while XTB offers many advantages, it’s important to understand the risks associated with forex trading. Always do your own research and consider your financial situation before trading.

What are the Cons of XTB?

XTB, one of the biggest and most established CFD brokers, has several disadvantages that potential investors should be aware of:. Limited Product Portfolio: XTB’s product portfolio is limited mostly to CFDs. This could be a disadvantage for traders who are interested in a wider range of investment options. For instance, some popular asset classes such as options are missing from XTB’s product portfolio. Inactivity Fee: XTB charges an inactivity fee. This fee kicks in after one year of account inactivity. This could be a disadvantage for investors who do not trade frequently. Limited Demo Account Duration: The demo account provided by XTB is only available for four weeks. This might not be sufficient for new traders who need more time to familiarize themselves with the platform and practice their trading strategies. Language Barrier: All analytical materials provided by the broker are exclusively in English. This could be a disadvantage for non-English speakers. No PAMM Accounts: XTB does not offer PAMM accounts. PAMM accounts allow investors to have their accounts managed by a trader with a proven track record. The absence of this feature could be a disadvantage for investors who prefer a more hands-off approach to trading. Geographical Focus: XTB is primarily focused on European clients. This could limit its appeal to traders based outside of Europe. Withdrawal Fee: If the withdrawal is less than $100, a high fee will be charged by XTB. These factors should be carefully considered by anyone thinking about opening an account with XTB. While XTB offers a smooth experience including easy account opening, convenient and mostly free deposit/withdrawal options, and user-friendly trading platforms. , these disadvantages could make it less suitable for certain types of traders and investors.

What are the XTB Current Promos?

XTB, one of the largest stock exchange-listed FX & CFD brokers, offers a variety of promotions to its clients. Here are some of the current promotions:. Sign-Up Bonus: XTB offers a sign-up bonus to new, non-EU/UK clients. This bonus is available by application only. To be eligible, a minimum deposit of at least $100 USD must be made. Clients may receive a 50% deposit bonus. However, not all clients will receive a Sign-Up Bonus as it is dependent on XTB approval. Interest on Uninvested Funds: XTB clients can earn up to 4.9% interest on their uninvested funds. Invest in Real Stocks with 0% Commission: XTB offers the opportunity to invest in real stocks with 0% commission. This offer is valid for a monthly turnover equivalent up to 100,000 EUR. Beyond this limit, a commission of 0.2% (minimum 10 GBP) is applied. Please note that these promotions are subject to change and it’s always a good idea to check the official XTB website or contact their customer service for the most up-to-date information. Remember that trading involves risk and it’s important to understand the terms and conditions before participating in these promotions.

What are the XTB Highlights?

XTB, a leading global forex broker, provides a range of services and insights to its clients. Here are some key highlights:. 1. Market Analyses: XTB provides detailed market analyses, offering insights into various financial events. For instance, they provide highlights of the ECB and FOMC meeting minutes. These analyses help traders understand the implications of these meetings on the forex market. . 2. Trading Platform: XTB offers an innovative and advanced trading platform. It features ultra-fast order execution and the ability to trade directly from the chart. It also includes a trading calculator, a calendar, and German-language financial news. . 3. Risk Management: XTB emphasizes the importance of risk management. They remind traders that CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. They state that 78% of retail investor accounts lose money when trading CFDs with XTB. . 4. Economic Outlook: XTB provides an economic outlook based on various financial events. For example, they discussed how the higher inflation is likely temporary, and the outlook for inflation remains subdued. They also highlighted how the economy recovered in the second quarter and accelerated in the third quarter. . These highlights demonstrate XTB’s commitment to providing its clients with comprehensive resources and tools to navigate the forex market effectively.

Is XTB Legit and Trustworthy?

XTB, a well-established broker in the financial market, is considered to be legitimate and trustworthy. It is regulated by the top-tier Financial Conduct Authority (FCA) in the UK. , which adds to its credibility. Founded in 2002. , XTB has been serving clients for over two decades, demonstrating its stability and reliability in the financial market. It offers a variety of trading instruments, including forex and cryptocurrencies. , making it a versatile choice for traders. However, it’s important to note that XTB was fined $2.8 million in 2018 over asymmetric slippage. Despite this, XTB continues to be a popular choice among traders, with over 35,000 people choosing this broker in the last six months. XTB provides a smooth trading experience with easy account opening, convenient and mostly free deposit/withdrawal options, and user-friendly trading platforms. However, an inactivity fee is charged if the account remains inactive for a year. The broker also offers real stocks and ETFs to some European clients, in addition to CFDs. However, the product portfolio is limited mostly to CFDs. XTB has received positive reviews from users on various platforms. Some users have praised the platform’s ease of use and the availability of high-quality educational tools. However, some users have raised concerns about the broker’s charting tools and withdrawal methods. In conclusion, while XTB has had some controversies in the past, it is generally considered a legitimate and trustworthy broker. As with any financial decision, potential clients should conduct thorough research and consider their individual trading needs before choosing a broker.

Is XTB Regulated and who are the Regulators?

XTB, a global leader in FX and CFD trading, is indeed regulated by several financial authorities. The primary regulators are:. Financial Conduct Authority (FCA): XTB Ltd is authorised and regulated by the FCA. The FCA is a regulatory body in the UK that oversees financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. Polish Securities and Exchange Commission: XTB S.A., with its registered office in Warsaw, Poland, conducts brokerage activities on the basis of the license granted by the Polish Securities and Exchange Commission. XTB has offices in 11 countries including the UK, Poland, Spain, France, Turkey, Portugal, and Germany. This wide presence necessitates adherence to local regulations in each of these countries, further enhancing its credibility. It’s important to note that XTB fully segregates client money. This means that client funds are kept separate from the company’s own funds, providing additional protection for investors. In conclusion, XTB’s regulation by reputable financial authorities and its commitment to client protection measures make it a trustworthy platform for FX and CFD trading.

Did XTB win any Awards?

XTB, a world-class trading partner founded in 2002, has indeed been recognized with several awards. The company’s focus on education and technology has led it to become one of Europe’s leading brokers, providing retail traders instant access to over 1500 global CFD markets including forex, indices, commodities, shares, and ETFs. XTB Group has more than 14 years of experience and is now one of the largest FX & CFD brokers in the world with a market capitalization of more than $400m. They have offices in over 11 countries including the UK, Poland, Germany, Spain, France, and Turkey. They are also regulated by the world’s largest supervision authorities including the FCS, KNF, BaFin, and CMB. In terms of awards, XTB has been recognized as the “Best Broker in Europe” by the Money Markets Journal. This award is a testament to XTB’s commitment to providing top-notch brokerage services. Furthermore, XTB was also named the “Best Islamic Forex Broker 2018” by the Global Venture awards. This recognition highlights XTB’s dedication to providing inclusive and diverse trading opportunities. XTB offers a wide range of trading options, including over 1500 equities, 35 indices, 21 commodities, and more than 10 cryptocurrencies. They provide leverage up to 1:200, spreads from 0.00001, and ultra-fast execution. Their award-winning platform and services are available on PC, tablet, and smartphone. In conclusion, XTB’s numerous awards and recognitions, coupled with their extensive offerings and commitment to their clients, make them a highly reputable and reliable broker in the forex market. Their achievements are a testament to their dedication to providing excellent service and a wide range of trading opportunities to their clients. Please note that trading involves risk and it’s important to understand the risks involved before engaging in forex trading.

How do I get in Contact with XTB?

XTB, a global leader in FX and CFD trading, provides access to over 1500 financial markets including FX, indices, shares, commodities, and more. If you’re interested in forex trading, XTB could be a great choice for you. Here’s how you can get in touch with them:. Contact Information: Address: 1 Canada Square, London E14 5AA. Phone Number: 020 3695 3085. Email: uksales@xtb.com. . XTB’s customer service is available 24/5. They also have a dedicated account opening line. If you’re based in Germany, you can contact XTB’s German branch at Joachimsthaler Straße 10, 10719 Berlin. XTB offers a wide range of financial products. For forex traders, they offer CFDs on major pairs like EUR/USD, AUD/USD, EUR/GBP, CHF/JPY. They also provide comprehensive educational resources, including articles, market analyses, and webinars. Remember, trading forex and CFDs involves a high level of risk due to leverage. Make sure you understand how these instruments work and whether you can afford to take the high risk of losing your money.

Where are the Headquarters from XTB based?

XTB, a renowned player in the forex market, has its headquarters strategically located in one of the world’s leading financial hubs. The headquarters of XTB is situated at Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom. This location places XTB in the heart of London’s vibrant financial district, providing it with access to a broad network of financial services and markets. XTB is not just limited to the UK; as a group, it has a presence in over a dozen countries worldwide. This global footprint allows XTB to cater to a diverse clientele, offering them a platform for real-time market updates and online stock trading. It’s worth noting that XTB is authorised and regulated by the UK Financial Conduct Authority (FRN 522157). This regulation ensures that XTB adheres to strict standards of practice, providing its clients with a secure and reliable trading environment. In conclusion, XTB’s strategic location in London, its global presence, and its adherence to regulatory standards make it a significant player in the forex market. Whether you’re a seasoned trader or a beginner in forex trading, XTB offers a platform that can cater to your needs. Please note that trading in forex involves risk, and it’s essential to understand these risks before starting your trading journey.

What kind of Customer Support is offered by XTB?

XTB, a leading player in the forex market, offers comprehensive customer support to ensure a seamless trading experience for its clients. Contact Channels XTB provides multiple channels for customer support. Clients can reach out to XTB via email at uksales@xtb.com. They also offer telephonic support with separate lines for account opening, office inquiries, and customer service, which is available 24/5. Global Presence XTB has a strong global presence, with services offered in various countries including the United Kingdom, Czech Republic, Hungary, Turkey, Italy, Latin America, Cyprus, Poland, Germany, Portugal, Slovakia, Romania, France, Spain, China, Thailand, Vietnam, and the United Arab Emirates. This wide geographical coverage ensures that traders from different parts of the world can access their services conveniently. Dedicated Customer Service Team XTB has a dedicated customer service team that is always ready to assist clients with their queries. Their commitment to customer satisfaction is evident in their prompt and efficient handling of client concerns. Help Center In addition to direct contact channels, XTB also has a Help Center. where clients can find articles to solve their problems. This self-service portal allows clients to find answers to their questions at their own convenience. In conclusion, XTB’s customer support is designed to provide a smooth and hassle-free trading experience for its clients. Their multiple contact channels, global presence, dedicated customer service team, and comprehensive Help Center ensure that clients’ queries and concerns are addressed promptly and efficiently.

Which Educational and Learning Materials are offered by XTB?

XTB offers a wide range of educational and learning materials to help traders at all levels improve their skills and knowledge in the field of forex trading. Forex Trading Education XTB’s forex trading education covers a broad spectrum of topics, including Forex, Commodities, Indices, Technical analysis, Stocks, Fundamental analysis, CFDs, ETFs, and more. Guides XTB provides various guides such as the ABC of Investing and XTB Services. These guides offer comprehensive insights into investing and the services offered by XTB. Trading Courses XTB offers trading courses that include 8 x 90-minute modules, live Q&A sessions, a workbook (PDF) for each module, a weekly ‘Trade At Your Best’ journal (PDF), post-session reflection and action sheets (PDF), and mental training exercises on mp3. Webinars XTB organizes frequent webinars and online sessions every Wednesday at 5.45 PM. These webinars provide traders with the opportunity to learn from experts in the field. Demo Account A demo account is available for traders to practice their trading strategies without risking real money. Platform Tutorial Videos XTB provides platform tutorial videos to help traders familiarize themselves with the trading platform. Text and Video Tutorials XTB’s training materials are available in both text and video tutorials. These tutorials cover a wide range of topics and are designed to enhance traders’ understanding of forex trading. In conclusion, XTB’s educational and learning materials provide a comprehensive resource for traders looking to improve their forex trading skills and knowledge. Whether you’re a beginner or an experienced trader, XTB has resources to help you trade at your best.

Can anyone join XTB?

XTB, a well-established and globally recognized trading platform, offers a wide range of financial instruments, including Forex, Commodities, Indices, Stocks, and ETFs. The platform is known for its cutting-edge trading tools, high-quality campaigns, and dedicated partnership managers. Joining XTB is a straightforward process that involves three easy steps. : Register: Fill up the form and join the affiliation programme. Set up campaign: Use XTB’s tool to set up a marketing campaign and start promoting products. Receive commission: Convert your traffic and receive high commissions. . XTB is open to a wide range of online businesses, including finance portals, trading schools, influencers, and social media pages. If you have a financial news page and provide regular market information to your audience, XTB is interested in collaborating with you. However, it’s important to note that not everyone can join XTB. XTB Ltd, regulated by the FCA, only accepts clients who are residents of the UK. For EU residents, XTB Cyprus is the recommended entity. The XTB Group does accept clients from outside of the UK/EU to their other legal entities when it’s relevant to do so. XTB offers a basic CPA payment plan, where your remuneration per referred client depends on three qualification factors. : Minimum deposit: 400 USD. Country of origin: The country of origin of your clients affects the amount of remuneration. First closed transaction: The CPA varies depending on whether your clients’ first closed transaction will be FX/CMD/IND, Crypto CFDs, or Stocks and ETFs. . It’s also worth noting that the deposit in XTB starts from $1, making it suitable for novice traders. A leverage of 1:500 allows traders to test almost any trading strategy without significant investments. In conclusion, while XTB is open to a wide range of individuals and businesses, there are certain restrictions based on residency and other factors. It’s always recommended to check the specific requirements and regulations before joining.

Who should sign up with XTB?

XTB is a well-regarded brokerage that offers a range of features that may appeal to a variety of traders. Here are some key points to consider:. Beginners and Regular Traders: XTB is an excellent choice for beginners and regular traders. The platform is user-friendly, making it easy for newcomers to pick up, and the customer support is highly rated. Access to a Wide Range of Instruments: With XTB, traders have access to over 2200 instruments. This wide range provides ample opportunities for diversification. No Minimum Deposit: XTB does not require a minimum deposit. , making it accessible to traders with varying levels of capital. Leverage: XTB offers leverage up to 1:500. , which can amplify potential profits, but also risks. Competitive Spreads: XTB offers competitive spreads, starting from 0.1 pips. , which can help to minimize trading costs. Security Measures: XTB takes security seriously. All retail client money is held in segregated client bank accounts in line with regulatory obligations. Moreover, funds are protected by the Financial Services Compensation Scheme (FSCS), up to £85,000 per eligible person in the unlikely event of insolvency. Education and Support: XTB provides comprehensive education via their Online Trading Academy, free ebooks, and webinars. This can be particularly beneficial for beginners who are still learning the ropes. In conclusion, XTB is a solid choice for both beginner and experienced traders, offering a wide range of instruments, competitive spreads, and robust security measures. However, as with any financial decision, potential users should conduct their own research and consider their individual trading goals and risk tolerance before signing up.

Who should NOT sign up with XTB?

XTB is a well-established online broker that offers a wide variety of forex and CFDs, and an excellent overall trading experience. However, it may not be suitable for everyone. Here are some types of traders who might want to consider other options:. Traders who prefer MetaTrader (MT4): MetaTrader (MT4) is no longer promoted at XTB’s U.K., Poland, and Cyprus branches. Although it can be requested manually from select global XTB offices. , traders who heavily rely on this platform might find it inconvenient. Traders interested in custom investment baskets: The custom investment basket tool has been temporarily discontinued from the xStation 5 platform. Traders who are specifically looking for this feature might need to look elsewhere. Traders looking for daily video updates in English: XTB does not provide daily video updates in English. If this is a key part of your trading strategy, you might want to consider other brokers. Traders interested in cash equities outside the EU: Cash equities are only available in the EU via XTB’s Polish branch. If you’re based outside the EU and interested in cash equities, XTB might not be the best fit for you. Inactive traders: XTB charges an inactivity fee. If you don’t plan to trade regularly, these fees could add up. Traders looking for certain asset classes: XTB’s product portfolio is limited mostly to CFDs. If you’re interested in trading options or other asset classes not offered by XTB, you might need to consider other brokers. Remember, it’s important to consider your individual trading needs and goals when choosing a forex broker. What works well for one trader might not be the best fit for another.

Does XTB offer Discounts, Coupons, or Promo Codes?

XTB, a major player in the personal investing and trading industry, does offer various promotional deals and discounts. However, it’s important to note that these offers can vary and may not always be available. XTB Promotions XTB has been known to offer promotional codes, although these are not frequently issued. For instance, in December 2023, there was a promotion where customers could get $200 off. Competitor Codes XTB also recognizes competitor codes, which can provide discounts of up to $200 on personal investing and trading. Other Offers In addition to these, XTB has been seen to offer discounts on partner sites and on its own website. There are also deals available on retail websites, with the biggest discount being offered on purchases. Frequency of Discounts On average, new XTB coupon codes are found every 5 days. Over the past year, an average of 0.6 discount codes per month have been found for XTB. XTB and Amazon There are also offers available for XTB on Amazon, with deals available for Prime members. It’s recommended to regularly check for new offers and discounts, as these can change frequently. Please note that all offers and promotions are subject to terms and conditions and may not be available in all regions or to all customers. Please note that this information is accurate as of the last update in December 2023, and may have changed since then. Always check the official XTB website or authorized retailers for the most current information.

Which Account Types are offered by XTB?

XTB, a renowned player in the forex market, offers a variety of account types to cater to the diverse needs of traders. These account types are designed to provide flexibility and convenience to both novice and experienced traders. Standard Account: The Standard account is the most common type offered by XTB. This account type does not charge any commission, apart from Equity CFDs and ETFs. The cost of the trade is primarily in the spread. It offers a wide range of instruments including CFDs in Forex, Commodities, Indices, Crypto, Shares, ETFs. The maximum leverage offered is 1:30. Pro Account: The Pro account is another type offered by XTB. It is designed for more experienced traders and offers similar features to the Standard account. Islamic Account: Catering to the needs of traders who wish to comply with Islamic finance principles, XTB offers an Islamic account. This account type is similar to the Standard and Pro accounts but adheres to the principles of Islamic finance. It’s important to note that the spread depends on the type of account chosen and the market traded on. All these accounts are regulated by the FCA and offer an unlimited amount of leverage. XTB provides a comprehensive trading experience with its diverse account offerings, catering to the unique needs of each trader. Whether you’re a beginner or an advanced trader, XTB has an account type that can help you navigate the forex market.

How to Open a XTB LIVE Account?

Opening a XTB LIVE Account involves a simple three-step process. Complete the Online Form: The first step is to fill out a simple online form on the XTB website. This form will ask a few questions about you and your trading experience. Upload Documents for Verification: After completing the online form, you may be required to upload additional documents to verify your identity. This could include proof of identity or a bank statement. The verification process is usually quick and straightforward. Deposit Funds and Start Trading: Once your application has been approved, you can deposit funds through XTB’s secure online process and start trading. XTB takes several security measures to ensure the safety of your funds and personal information. All data is passed via a secure SSL connection. All retail Client Money is held in segregated client bank accounts in line with XTB’s regulatory obligations. Your funds are held in ring-fenced accounts separate to XTB’s own accounts. Your funds are protected by the Financial Services Compensation Scheme (FSCS), up to £85,000 per eligible person in the unlikely event of XTB’s insolvency. XTB is one of Europe’s biggest brokers. It provides full access to an award-winning platform, xStation, as voted by Personal Online Wealth Awards, with superior trade execution. XTB offers access to over 1500+ instruments. It also provides free comprehensive education via its Online Trading Academy, free ebooks, and webinars. Advanced technical analysis tools with free integrated market commentary are also available. If you have any questions about setting up an account, you can contact XTB’s dedicated customer support team. Please note that this information is based on the details available on the XTB website as of the time of this writing and may be subject to change. Always refer to the official XTB website for the most accurate and up-to-date information.

How to Open a XTB DEMO account?

Opening a XTB DEMO account is a straightforward process that allows you to practice investing on the Forex CFD DEMO platform - xStation5. This virtual account is designed to reflect the capabilities of a real investment account, providing an ideal opportunity to learn how to use it and familiarise yourself with the features it offers. Here are the steps to open a XTB DEMO account: Visit the XTB’s website: The first step is to navigate to the XTB’s website. Fill the registration form: Click on the “Open an account” button located at the top right corner of the screen. On the next screen, select “Practice Account” and click “Next”. Fill in your personal details, such as your name, email address, and phone number. Customize the demo account: Choose your country of residence and set your password. Verify your profile: After filling in your details, you’ll need to verify your profile. Login into the demo account: Once your profile is verified, you can log in to your demo account. . The Forex CFD DEMO is a virtual account which allows you to start trading on an investing platform like xStation5 for virtual money. The account is created in such a way as to best reflect the capabilities of a real investment account. With a DEMO account, you can familiarise yourself with an offer that includes thousands of instruments and start trading them virtually. Some instruments are available for trading exclusively with leverage (CFDs), while others are available in the traditional version without leverage. The financial market is where you invest your money, so before you start doing that it’s good if you get some experience with the trading platform you will be using. This will help you learn how to use it. Remember, a DEMO account is not just for beginners. Even experienced traders can benefit from a DEMO account to test new strategies and ideas without risking real money.

How Are You Protected as a Client at XTB?

As a client at XTB, you are protected in several ways:. Client Money Protection: XTB Ltd is authorised and regulated by the Financial Conduct Authority (FCA). They treat the protection of Client Money in strict accordance with the FCA’s rules and regulations. All retail Client Money is held in segregated client bank accounts in line with their obligations as a Financial Conduct Authority regulated company. Segregated Accounts: Your funds are held in a ring-fenced account separate from XTB’s own funds. This ensures that in the unlikely event of bankruptcy, client funds will be returned to the clients rather than being treated as a recoverable asset by general creditors of XTB. Financial Services Compensation Scheme (FSCS): Your funds are protected by the FSCS, up to £85,000 per person in the unlikely event of XTB’s insolvency. The FSCS is the UK’s compensation fund of last resort for customers of authorised financial services firms. XTB clients would fall under the ‘investments’ claim category, whereby any funds deposited with them would be 100% protected up to £85,000 per person, in the unlikely event of XTB becoming insolvent. Deposit and Withdrawal: Depositing funds into your account to trade with is quick and easy. There are several ways to deposit funds into your trading account. Please note that XTB will not cover any exchange rates charged if you are depositing in a currency different to that of your bank funds. Withdrawals are processed to bank accounts only where the client is the bank account holder. Negative Balance Protection: XTB Ltd clients are protected under the Financial Services Compensation Scheme (FSCS) up to £50,000 per person in the unlikely event of insolvency. These measures ensure that as a client, your capital is well-protected, allowing you to focus on your forex trading activities.

Which Funding methods or Deposit Options are available at XTB?

XTB offers a variety of deposit options for funding a trading account. These include bank transfers, credit and debit cards, and Paysafe (formerly known as Skrill). Deposits can be made through the xStation platform or via the Client Office. XTB does not specify a minimum initial deposit, meaning traders can start trading from any deposit. To fund an XTB account, follow these steps. Log in to xStation or Client Office. Choose Deposit. On the newly opened page, choose which trading account to deposit funds to and the method to use. If a trader chooses to fund their account via bank transfer, they will be provided with all the necessary bank details. The trader will also need to provide their trading account number so that XTB knows which account to credit the funds to. If a trader chooses to fund their account with any of the alternative methods available, they will be provided with a step-by-step process on how to deposit funds via those methods. Once funds are deposited, they will be automatically applied to the account. However, bank transfers can take slightly longer to process and may not show immediately. If a trader needs to add funds via a bank transfer in order to maintain the margin relating to an open trade, it is recommended that they contact XTB so that the transfer can be expedited.

What is the Minimum Deposit Amount at XTB?

XTB, a renowned online forex trading platform, has a flexible approach when it comes to the minimum deposit amount. In practice, this means that you can open a real account and start trading from any deposit. What is a minimum deposit? A minimum deposit is the smallest amount of funds required to open an account with a financial institution, such as a bank or brokerage firm. It is sometimes called an initial deposit or funding. The minimum deposit means that you will first need to transfer this amount to your brokerage account from your bank account in order to start trading. Does XTB charge a deposit fee? XTB does not charge a deposit fee, which means they won’t deduct anything from your hard-earned money. You need to take into consideration only the costs charged by the bank or another financial institution you are using to transfer funds. Do you need a lot of money to become a trader? Many people stay away from investments due to insufficient funds. Some brokers still require a specific amount of money to open an account in order to generate revenue, which are used to cover the administration and other costs associated with servicing that account. However, at present the majority of brokerage firms including XTB try to make life easy for small first-time investors who do not have significant funds. Is there a minimum deposit at XTB? XTB does not determine the amount of the minimum initial deposit. The only limitation will be the minimum transaction volume and the resulting minimum margin deposit. One should bear in mind the issue of the deposit required to open a position for a given instrument, which is legally regulated and its size depends on the specification of the asset. In summary, XTB does not require a minimum deposit just to open an account, but an appropriate amount of money is required to open a specific position.

Which Fees are charged by XTB?

XTB, a renowned online forex trading platform, charges its users various types of fees. Here’s a detailed breakdown:. 1. Spread Fees The spread is the difference in value between the buy price and sell price and is considered the main cost of opening a transaction. For example, if you want to trade GBP/USD and the sell - buy price at the time is 1.2976 - 1.2977. The difference between sell and buy price is 0.0001, which is the equivalent of a 1 pip spread. So the total spread cost on this trade would be 1 pip. 2. Swap Fees If you decide to hold a position overnight, you may be charged swap points depending on the market that you trade, as well as whether you went long (bought) or short (sold). The swap charge is essentially the cost of rolling the transaction from one day to the next. 3. Commission Fees At XTB, commission is charged only on equity trades for Standard accounts. For all other asset classes such as FX, Indices and Commodities, the cost of commission is already built into the spread. However, for Pro accounts, which operate with market spreads, a commission is charged per open and closed lot traded. The cost of commission varies depending on your base currency. 4. Funding and Withdrawal Charges Funding your account via bank transfer is completely free, while credit and debit card deposits are also free of charge for GBP and EUR deposits. Some deposit methods may involve additional fees charged by payment providers. Withdrawals above 50 EUR are free. Please note that the fees mentioned above are subject to change and it’s always a good idea to check the latest information on the XTB’s official website.

What can I trade with XTB?

XTB is a well-established trading platform that offers a wide range of financial instruments for trading. Here are the key markets you can trade with XTB:. Forex Trading Forex trading is the exchange of one currency for another. The forex market is the largest and most liquid in the world, operating 24/7. Forex is traded in pairs, which consist of two currencies that are traded against each other. There are hundreds of different combinations to choose from, but some of the most popular ones include the euro against the US dollar (EUR/USD), the US dollar against the Japanese yen (USD/JPY), and the British pound against the US dollar (GBP/USD). Indices Indices are a popular choice for traders as they allow you to speculate on the performance of an entire stock market, rather than individual companies. This can provide a broader view of the market’s performance. Commodities Commodities trading involves trading in commodity futures contracts, such as those for precious metals like gold and silver, energy commodities like oil and natural gas, and agricultural commodities like wheat and corn. Stocks and ETF CFDs CFDs (Contract for Difference) are derivatives that allow you to speculate on the rising or falling prices of fast-moving global financial markets or instruments such as shares, indices, commodities, currencies, and treasuries. Cryptocurrencies XTB also offers CFDs on Bitcoin and other cryptocurrencies. This allows traders to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Please note that trading involves risk and it’s possible to lose all your investments if the market behaves differently from what you initially expected. Therefore, it’s important to have a good understanding of the markets and the risks involved before you start trading.

Which Trading Platforms are offered by XTB?

XTB, one of the largest stock exchange-listed FX & CFD brokers in the world. , offers a range of trading platforms to cater to the diverse needs of traders. The primary platform offered by XTB is the award-winning xStation 5. This platform is designed to deliver superior execution speeds and is easy to use. The xStation 5 platform is available in three formats: Web, Mobile app, and Desktop App. The Web Trade Platform is fully compatible with Chrome, Firefox, Safari, and Opera. It is intuitive to use and also gives access to more advanced tools for more advanced traders. The xStation Mobile app allows traders to manage their investments quicker and easier. It provides professional analytical tools in your pocket and offers access to over 5500 instruments including stocks, indices, commodities, ETFs, stock CFDs, and more from around the world. The xStation 5 platform allows traders to trade CFDs on Forex, Indices, Commodities, or ETFs from a single platform and a single account. Altogether, it offers over 5500 instruments. In the context of forex trading, XTB offers over 50 pairs of currencies including all the major currencies. This makes it a comprehensive platform for forex traders. Please note that XTB does not offer ctrader, MT4/MT5, Ninja Trader.

Which Trading Instruments are offered by XTB?

XTB offers a wide range of trading instruments, including Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs. Here are some details about the Forex instruments they offer:. AUDCAD: This instrument has a lot size of AUD 100,000, a spread of 0.00018/0.00020, and a leverage of 1:20 (5%). It operates 24 hours from Sunday 11:00 pm to Friday 10:00 pm CET. AUDCHF: This instrument has a lot size of AUD 100,000, a spread of 0.00015/0.00015, and a leverage of 1:20 (5%). It operates 24 hours from Sunday 11:00 pm to Friday 10:00 pm CET. AUDJPY: This instrument has a lot size of AUD 100,000, a spread of 0.014/0.017, and a leverage of 1:20 (5%). It operates 24 hours from Sunday 11:00 pm to Friday 10:00 pm CET. AUDNZD: This instrument has a lot size of AUD 100,000, a spread of 0.00021/0.00023, and a leverage of 1:20 (5%). It operates 24 hours from Sunday 11:00 pm to Friday 10:00 pm CET. AUDUSD: This instrument has a lot size of AUD 100,000, a spread of 0.00011/0.00013, and a leverage of 1:20 (5%). It operates 24 hours from Sunday 11:00 pm to Friday 10:00 pm CET. Please note that these are just a few examples of the Forex instruments offered by XTB. For a complete list and detailed specifications, please refer to their official website.

Which Trading Servers are offered by XTB?

XTB, a leading global broker, offers a variety of trading servers to cater to the diverse needs of traders worldwide. These servers are designed to provide a seamless trading experience, with a focus on reliability, ease of use, and advanced features. MetaTrader 4 (MT4): One of the trading servers offered by XTB is the MetaTrader 4. This platform is designed to make trading as simple as possible, allowing traders to easily analyze financial instruments and even automate their trades. The MT4 platform is available for desktop, tablet, and mobile devices, making it accessible for traders on the go. Some of the notable features of the MT4 platform include technical analysis, strategy tester, and automated trading. These features are designed to help traders develop and implement effective trading strategies. xStation 5 and AgenaTrader: In addition to MT4, XTB also offers the xStation 5 and AgenaTrader platforms. These platforms are praised for their user-friendly interfaces and customizable features, catering to individual trading styles. They offer full transparency with exportable live performance statistics and an advanced trading calculator. Moreover, these platforms provide innovative tools such as a stock scanner, a percentage overview of market sentiment, and a Top Movers tab. They also offer real-time news, analyses, and commentary, as well as a live audio feed directly in the platform. XTB’s trading servers are available to traders in various regions. For EU residents, XTB Cyprus is the recommended choice. Non-EU/UK residents can choose XTB International. , while MENA residents have the option of XTB MENA Limited. Canadian residents are accepted only by the French branch of XTB Group: XTB FR. In conclusion, XTB offers a range of trading servers, each with its own unique features and benefits. Whether you’re a beginner or an experienced trader, XTB has a platform that can cater to your specific trading needs.

Can I trade Crypto with XTB? Which crypto currencies are supported by XTB?

Yes, you can trade cryptocurrencies with XTB, but it’s important to note that XTB offers trading in the form of Crypto CFDs (Contracts for Difference). This means that you’re speculating on the price movement of a particular cryptocurrency without actually owning the underlying asset. XTB supports trading in a variety of cryptocurrencies. Here are some of the cryptocurrencies supported by XTB:. Bitcoin (BTC). Ethereum (ETH). Ripple (XRP). Litecoin (LTC). Bitcoin Cash (BCH). Ethereum Classic (ETC). Stellar (XLM). It’s also worth noting that XTB offers trading in Crypto Crosses, which means you can trade one cryptocurrency against another. Please remember that trading in Crypto CFDs is a high-risk, speculative investment and it’s important to be fully aware of the risks involved before you start trading. It’s recommended that you only invest if you’re an experienced investor with sophisticated knowledge of financial markets.

What is the Leverage on my XTB Trading Account?

Leverage in trading is a powerful financial tool that allows traders to increase their market exposure beyond the initial investment (deposit). This is achieved by using borrowed capital to trade on the market, which can potentially lead to greater returns. However, it’s important to note that while leverage can magnify profits, it can also amplify losses. In the context of forex trading on your XTB account, leverage works in the following way:. Financial Leverage: Financial leverage offers the possibility of investing or controlling much larger funds than those currently held. In everyday life, loans are the most popular form of leverage, and make it possible to finance a much larger investment, while having for example 10% or 20% of your own funds. The rest is borrowed. Leveraged Trading: Leveraged investing may be beneficial to traders as it does not require them to own large capital at the beginning in order to conclude high-value transactions. This is also related to risk, because the higher the transaction amount, the more significant is the effect of market changes on the balance of the entire account and the outcome of the transaction. Example: As an example, we will describe this situation on a EUR/USD currency pair and the leverage of 1:30. This means that the trader can control a position equivalent to EUR 30,000, while holding only an equivalent of EUR 1,000. Upon the conclusion of such a transaction, the trading platform will verify automatically whether there is at least EUR 1,000 in the account to open a 0.3 lot position on CFDs in EUR/USD. Benefits of Leverage: If, as a result of an investment, the price of CFD in EUR/USD increases, yielding a profit of EUR 300 for the trader, this means a rate of return of 30% on the invested amount of EUR 1,000. Had it not been for the leverage of 1:30, the trader would have had to have EUR 30,000 in the account and the same potential profit of EUR 300 would mean a rate of return equal to 1%. Leverage on XTB: The leverage on your XTB trading account can be up to 500:1. However, for Middle East and North Africa residents onboarded to XTB MENA Limited, which is authorised and regulated by the Dubai Financial Services Authority (DFSA) in the Dubai International Financial Centre (DIFC), in the United Arab Emirates, you can trade with leverage up to 30:1. Margin Level: With XTB, the margin level at which the most lossy position is closed is 50%. This is calculated by dividing the equity with the required level of collateral, and multiplying it by 100%. Please note that while leverage can increase potential profits, it also increases potential losses. Therefore, it’s crucial to use leverage responsibly and understand the risks involved. Always ensure you have sufficient margin in your account to cover your open positions and be prepared for price fluctuations that could affect your trades. It’s also recommended to use risk management tools, such as stop loss orders, to limit potential losses. Remember, trading involves risk and is not suitable for everyone. Always trade responsibly and seek independent advice if necessary.

What kind of Spreads are offered by XTB?

XTB, a leading online trading platform, offers two different types of accounts, each with its own unique spread structure. These account types are the Standard and Pro accounts. The Standard account operates with floating spreads, which means they tighten or widen depending on the liquidity available. The main cost of the trade is factored into the spread, and no commission is paid. The minimum spread on the Standard account is 0.9 pips. On the other hand, the Pro account also operates with floating spreads, but with market execution. This means that Pro account holders pay a small commission to get market level spreads. The minimum spread on the Pro account is 0 pips. It’s important to note that the spread depends on the type of account that you choose and the market that you trade on, and cannot be changed without changing your account. XTB recognizes that each trader has different needs and styles, which is why they provide these two different account types that offer both instant and market execution. Trading with XTB will involve fees from $100 USD, spreads from 0.05 pips to 0.07 pips, and commission-free trading depending on the account traders select. These offerings make XTB a versatile platform for traders with different trading styles and preferences. Whether you’re a novice trader or a seasoned professional, XTB’s flexible spread structures can cater to your specific trading needs.

Does XTB offer MAM Accounts or PAMM Accounts?

In the realm of forex trading, MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts are tools that allow fund managers to manage multiple accounts from a single account without having to create an investment fund. The performance (profits and losses) of a PAMM or MAM account manager is distributed among the managed accounts. A PAMM account features a management module that distributes the sizes of trades according to an allocation percentage. This solution is offered by many forex brokers for investors and fund managers. The manager’s PAMM account is a large “main account”, whose capital is equal to the sum of the sub-accounts. The manager’s trades are automatically replicated in the sub-accounts according to a percentage basis. On the other hand, a MAM account allows you to use the percentage allocation method like a PAMM account, but it provides greater flexibility to allocate the trades and adjust the risk of each sub-account based on the clients’ risk profiles. For example, the manager can allocate trades on a fixed basis, which means that he can define the number of lots traded by each individual account. However, the search results do not provide specific information about whether XTB offers MAM or PAMM accounts. For the most accurate and up-to-date information, it is recommended to visit the official XTB website or contact their customer service directly.

Does XTB allow Expert Advisors?

XTB, a well-known brokerage firm, has a clear stance on the use of Expert Advisors (EAs). According to their official statement, XTB does not support Expert Advisors (EAs). This means that traders who use XTB’s platform cannot use EAs to automate their trading strategies. EAs, also known as automatic trading systems or robots, are software applications that execute trades on behalf of the trader based on predefined parameters. These parameters are typically analyzed in depth by experts before being implemented into the EA. EAs are particularly useful for traders who lack the time or find it difficult to maintain discipline in trading. Despite not supporting EAs, XTB does provide a platform for manual trading. They offer the popular MetaTrader 4 (MT4) platform, which is known for its simple and intuitive interface. MT4 is a good choice for traders interested in building their own automated trading strategies, indicators, and add-ons, or for those looking for an open investing community. However, it’s important to note that while MT4 does support the use of EAs, XTB does not. This means that even though you can install MT4 as an additional software on both your computer and mobile device, you won’t be able to use EAs on XTB’s platform. In conclusion, while XTB offers a robust trading platform and a range of services, it does not support the use of Expert Advisors. Traders who wish to use EAs will need to consider other brokerage firms that support this feature. As always, traders are responsible for their own trading decisions.