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XTB

Highlights

  • Over 15 years of experience
  • Multiple Trading Opportunities
Fee

Low

Account Minimum

Low

Description

With its headquarters in London and Warsaw XTB is a global CFD and forex broker. XTB is regulated by top-tier regulators, like the Financial Conduct Authority (FCA) in the UK and Polish Financial Supervision Authority (KNF).

Highlights
  • Over 15 years of experience
  • Multiple Trading Opportunities
  • Negative balance protection
Pros
  • Instant account opening
  • Easy to use, fully customizable
Cons
  • Stock CFD fee is high
  • Limited product
Main Features

Country of Regulation: UK, Poland, Cyprus, Belize

Trading Fees: Low

Inactivity Fees Charged: No

Minimum Deposit: $250

Products: Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto


Review

Fees

XTB  charges low fees for forex, Stock index CFDs, and non-trading fees but has high stock CFD fees.

A/C opening

The account opening process at XTB is fully digitalized, simple, and fast. The minimum deposit is low and accounts can be ready for trading on the same day of opening. XTB offers two types of accounts i.e standard account and Pro account. 

The XTB account cannot be opened online, going through a 5 step registration process and then account Verification which can be done the same day. XTB also provides video identification options for account verification.

Deposit & withdrawal

XTB deposits are cost-friendly and fast For depositing, you can use debit/credit card, bank transfer, payment wallets, and many more options. It offers 4 base currencies accounts.

XTB charges withdrawal fees if the amount is above $100. For the money withdrawal, you have the same options (bank transfer, credit/debit cards, or payment wallets). To withdraw you have to visit the XTB portal and check the ‘withdraw funds’ option. It usually takes 1 business day to withdraw money.

Trading Platform

The XTB trading platform is clear, user-friendly, customizable, and has good search functions.  XTB offers two trading platforms i.e xStaton 5 which is  XTB’s own platform or MetaTrader 4 a third-party tool you can choose between two platforms. 

Research

The XTB research offers a clear fee report, good search function, alerts & notifications, and other research tools which is helpful.

Customer service

You can connect with the XTB customer service for different queries through phone, email, and live chat. Email support is poor. 

Education 

At XTB you get great learning tools like educational videos, Trading platform tutorials, and a demo account.

safety

The broker is Considered safe as it is regulated by top-tier regulators, like the Financial Conduct Authority (FCA) in the UK and Polish Financial Supervision Authority (KNF).