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XTB is a reliable international CFD trader, approved on the Warsaw Stock Exchange.
XTB Main Highlights
| 🚀 Minimum deposit: | 250$ |
| ⚖️ Leverage: | Up to 1:500 |
| 🛡️ Regulations & Licenses: | FCA, KNF, CySEC, and IFSC |
| 💵 Deposits/Withdrawals: | Credit/debit card, bank transfer & electronic wallet |
| 💻 Trading platform: | MetaTrader 4, xStation 5, Mobile App |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | xtb.com |
A look at XTB
Founded in 2002, XTB is an acclaimed broker of CFDs and foreign exchange. In the past eighteen years, it has become one of the premier companies in retail forex investments. Offering services in more than 13 countries, including Belize, Europe, and the UK, XTB’s website is available in sixteen languages.
The company is regulated and authorized by five different regulatory bodies, including the International Financial Services Commission (Belize), CySEC (Europe), SEC (Poland), Financial Conduct Authority (the UK), and CNMV (Spain).
XTB provides access to more than 4000 trading instruments and provides premium brokerage services on both desktop and mobile devices. As a result, XTB is a highly recommended choice for traders. XTB review is here.
XTB’s Account Types
In order to open an account with XTB, a minimum deposit of USD 250 is necessary. Subsequent deposits have no minimum requirement, and traders can deposit any amount they desire. The XTB review for account types:
Standard account
People can open a free standard account with this trading platform to trade a variety of assets, such as commodities, foreign exchange, stock contracts for difference, indices, and exchange-traded fund contracts for difference. It provides protection for negative balances and allows for automated trading.
The maximum leverage available is 30:1, and the minimum spread is 0.35.
Charges and commissions:
| Cryptocurrencies | No commission |
| Indices, Commodities & Forex | No commission |
| Account setup & management | No charge |
| ETF CFDs & Stock CFDs | 0.08% / Lot |
Pro account
Signing up for a Pro Account is free of charge, allowing users to access more than 1,500 trading instruments such as commodities, forex, cryptocurrencies, ETF CFDs, stock CFDs, and indices. Automated trading and negative balance protection are enabled, and the maximum leverage is 30:1, with a minimum spread of 0.28.
Charges and commissions:
| Cryptocurrencies | Commission from 3.50$ |
| Indices, Commodities & Forex | Commission from 3.50$ / Lot |
| Account setup & management | No charge |
| ETF CFDs & Stock CFDs | Commission from 0.08% / Lot |
UK clients are limited to Standard and Pro XTB accounts.
Islamic account
Opening an Islamic Account with XTB is gratis, allowing users to gain access to more than 1500 trading instruments, such as Energies, ETFs, Forex, Commodities, Indices, Shares/Stocks, and Precious Metals, via either the xStation or MetaTrader 4 trading platforms. However, crypto trading is not available through this type of account, as they are Swap Free.
Charges and commissions:
| Minimum deposit | 1$ |
| Indices, Commodities & Forex | Commission from 10$ / Lot |
| Account setup & management | No charge |
| ETF CFDs & Stock CFDs | Commission from 10$ / Lot |
Islamic trading accounts enable techniques such as Hedging, Expert Advisors, Scalping, and News Trading, in addition to providing Negative Balance Protection. Available account base currencies are USD, GBP, and EUR.
Tradable instruments by XTB
XTB review for tradable intruments by XTB:
Forex
No initial deposit is necessary; traders can access a range of 48 currency pairs with spreads starting from 0.1 pips, as well as micro lot size trades.
Commodities
XTB brokers offer investors the chance to trade in Oil, Gold, and Silver commodities around the clock with no extra fees for holding positions overnight, meaning the potential for high volatility and low costs.
Indices
Brokers offer more than 20 different indices for traders to choose from. Trading is characterized by low transaction costs, enabling financial leverage and the ability to take on long or short positions with no overnight holding costs for open positions.
Cryptocurrencies
XTB provides traders with access to an array of cryptocurrencies, including Litecoin, Bitcoin, Dash, Ethereum, Stellar, Ripple, and more. Transactions on this platform are low-cost and come with no risk of capital loss.
The market is open 24/7, allowing for flexible trading opportunities. In addition, XTB offers 60 ETF CFDs, with negative balance protection, ultra-fast execution, low commissions, and leverage of up to 1:10.
Moreover, traders can access CFDs on 1,500+ equities with commissions starting at 0.08%, ultra-fast execution, and leverage as high as 1:10.
XTB Trading Platforms
XTB review about trading platforms:
MetaTarder 4
XTB offers a third-party tool known as the classic MetaTrader 4, which is the most widely used trading platform in the world. It features full functionality and can be accessed via a web browser, tablet, mobile device, or desktop. Additionally, you can download the MT4 mobile app for both Android and iOS devices, offering features that aren’t available from other forex brokers.
sXtation 5
xStation 5 is a cutting-edge online trading platform that is accessible in 19 different languages, such as French, Turkish, and Japanese. It has a user-friendly and intuitive design, allowing users to make it their own with the customizability options. This web-based XTB product is compatible with desktop, Windows, and Mac operating systems.
Mobile application
XTB offers a state-of-the-art mobile trading experience with its apps for Android and iOS, featuring xStation 5 and MetaTrader 4. The user-friendly design and intuitive interface of the app make for a smooth and efficient trading experience. Additionally, the app is available in multiple languages.
MT4 mobile app
The MetaTrader 4 mobile app offers a convenient way to trade markets from any location. It is an easy-to-use, fast, and intuitive platform that allows users to access a wide range of features such as technical indicators, charting, strategy testing, and order management. The app can be downloaded from both Google Play Store and Apple Store.
xStation 5 mobile app
XTB’s xStation 5 mobile app makes it possible to manage Forex and CFD accounts while on the go. Available on iOS, Android, and Windows, the app provides all the features necessary for successful trading, such as complete account management, charting, and analytical tools. It also offers convenient features like one-step login and fingerprint authentication.
SmartWatch app
Following the trend of smart devices, XTB has brought its services to smart wearables such as smartwatches. With this, users now have the ability to trade, monitor, and manage orders from their wrists. The service is designed with an easy-to-use and straightforward user interface, which can be downloaded from the Google Play Store or Apple Store.
XTB Deposits & Withdrawals
Funds can be deposited into an XTB account in numerous ways, including bank transfers, credit cards, and e-Wallets. Withdrawals are simple and can be completed in a timely fashion with processing before 1 PM usually being done the same day. Anything requested after 1 PM will be processed the following day.
XTB’s Regulations and Licenses
XTB is a trading platform based in Europe (Poland) and is regulated by numerous jurisdictions, including the Financial Conduct Authority in the United Kingdom.
XTB is not only regulated by the Financial Conduct Authority (FCA) in the UK, but also by other regulatory bodies in other countries around the world. These include:
- ACP of the Banque de France.
- BaFin in Germany.
- The Comisión Nacional del Mercado de Valores (CNMV) in Spain.
- KNF of Poland.
- CNB in the Czech Republic.
- The CMVM of Portugal
- Central Bank of Uruguay.
- The Financial Conduct Authority (FCA) in the United Kingdom.
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FAQs
Is XTB a Scam?
XTB has a high level of trustworthiness, with an overall Trust Score of 95 out of 99. XTB is a publicly traded firm that is regulated by one tier-1 regulator (high trustworthiness), three tier-2 regulators (average trustworthiness), and one tier-3 regulator (low trustworthiness).
Is XTB Legit?
XTB is a publicly-listed and strictly regulated business in a major financial jurisdiction, which makes it a reliable choice for trading foreign exchange and CFDs. The xStation suite provides users with an easy-to-use user interface and a wide selection of trading tools and features. Our XTB review tells us that XTB is legit.
Is there any tax management with XTB?
The taxes you owe on the profits you make may be withheld, which is contingent on the country you trade in and the type of asset you invested in. XTB keeps records of your trades, so you can easily calculate your profits and losses for tax purposes.
What is the minimum deposit at XTB?
250$
Where is XTB located?
Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom.
XTB Pros
- Speedy onboarding process
- Quick deposits and withdrawals
- Uncosted stocks/ETFs available to certain individuals
XTB Cons
- XTB's portfolio is mainly composed of CFDs
- Inactivity fee charged
