XTB – overview of FX and CFD broker. Trading in crypto-currencies

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XTB – overview of FX and CFD broker. Trading in crypto-currencies

✅ This Trading Platform is available in United States

Overview of prospective forex brokers in the global financial market: XTB

Experienced traders know well: to evaluate the company’s activities solely on the basis of feedback, recommendations and reviews of the broker’s clients (or those who impersonate the latter) is a very big mistake. In today’s world, this criterion is not included even in 20 key indicators to compile the characteristics of such firms. If you decide to make money in financial transactions online, you need to choose a broker on the following indicators:

● Period of work of the broker in the world financial market.

● Presence of the regulator of the trading platform.

● Number of experienced participants who use the company’s services.

● Range of services.

● Ability to contact real representatives of the company. Etc.

How all this is done in practice, let’s look at the example of a fairly well-known participant of the global financial market XTB. And only by collecting the maximum amount of objective information about this broker, you can see how it corresponds to the facts stated in the reviews, reviews and independent characteristics compiled about this firm.

What does the XTB forex broker offer?

The financial broker in question was established in 2002, which is considered to be a rather long period for the existence of companies of this type. If you perform a comparative analysis of reviews of this company on the World Wide Web, you can find a huge amount of both negative and positive characteristics, which, in principle, is quite normal situation for any active forex broker.

Customer Security

One of the first questions of interest to XTB customers is the safety of discounts on this trading resource. This site warns its traders that the administration of the resource does not provide guarantees of winning combinations to its customers. All participants work at their own peril and risk: today you can earn more than one thousand dollars, and tomorrow you will lose an amount several times more.

The used MetaTrader 4 platforms, as well as the application specially prepared for XTB, guarantee reliable operation of the broker both in stationary and mobile modes, which is very important for transactions that need to be constantly monitored, regardless of the location of the trader.

To solve unusual situations on the web resource around the clock (5 days a week) there are highly qualified specialists of the support service who provide services in English, Chinese and Spanish. Their functional duties include not only the elimination of technical problems, but also the solution of almost any financial issues that may arise during the work of the site.

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Regulation of activities

Many experienced traders do not recommend linking their online business to firms with which they have no contracts to regulate their activities. In this case, the headquarters of the broker in question is in the UK, where their regulatory body – FCA (an authoritative organization that is the guarantor of the reliability of a financial broker) operates.

Also the activities of the represented company are controlled by:

● IFSC (Financial Services Commission of Belize).

● CNMV (regulator of the Spanish stock market).

● KNF (Financial Supervision Authority of Poland).

Most analysts believe that with this control, a trader can safely register an XTB account without fear of “pitfalls” from the administration of the web resource.

Training of users of the company

Given the unstable financial situation around the world, interest in the work of brokers is growing rapidly. Therefore, the site can be found a lot of useful training materials that demonstrate the mechanism of work of such structures: how to make bets, which affects the liquidity of assets, what can you do forecasts, etc. On the site, newcomers can learn in detail all the information related to the first steps in the online trading market, to interesting analytical materials and useful economic news.

Particular attention should be paid to the demo account created on XTB, which makes it possible in practice to test successful trading strategies without risking their personal investments. Experienced traders argue that no theory can replace the practical tasks that demonstrate the entire algorithm of the system.

Requirements and conditions of work on XTB

Users of the trading platform, who made up XTB reviews, distinguish two types of broker’s main accounts:

The main differences between them can be traced on the broker’s official website (depending on the time and the specific situation in the market of these services, they can vary greatly).

Trading conditions

● Minimum replenishment of $ 250.

● The minimum account is unlimited.

● There is no Islamic account.

● There is a commission for certain transactions (0.08% of the lot amount or $ 4).

● Signals and warnings are activated by e-mail.

● Provided partner programs.

● Automatic trading functions.

Financial assets

In most of the XTB-prepared reviews, users select the following groups of trading tools that allow them to earn maximum amounts on concluded financial transactions.

● Commodities and agricultural goods.

● Shares of large enterprises.

● CFD (for various contract objects).

Replenishment of trading account and withdrawal of funds

In order to deposit money or withdraw it from the system, the developers of the web resource offer the following options:

● Plastic cards (Visa / Master Cards or Maestro).

● Most bank transfers.

If you choose one of the listed methods of deposit / withdrawal of funds, you need to consider the commission for payment, the time required for the operation and other subjective factors affecting this procedure.

XTB Review and Tutorial 2020

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XTB Facts & Figures

XTB are an FCA regulated brand offering CFD and Forex trades. They offer 3 levels of account, Including Professional.

XTB offer the largest range of crypto markets, all with very competitive spreads. They also offer intra-crypto pairs such as ETHBTC and DSHBTC etc

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit $250
Min. Trade 0.01 Lots
Regulated By FCA
MT4 Integration Yes
Mobile Apps iOS, Android and Windows
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 0.08%
GBPUSD Spread 0.1 pips
Oil Spread 0.03
Stocks Spread 0.2% Var
Forex
GBPUSD Spread 0.1 pip
EURUSD Spread 0.2 pips var
EURGBP Spread 0.1 pips
Assets 50+
Cryptocurrency
Spread BTC 0.5%, ETH 1.4%
Coins ADA, BTC, BCH, DSH, EOS, ETH, IOTA, LTC, NEO, XRP, XLM, TRX, XEM, XLM, XMR

XTB is a leading online FX & CFD (contracts for difference) trading firm based in Europe, offering access to over 1500 instruments from two platforms: its own award-winning xStation 5 and the traditional MT4.

Traders can choose from CFDs on FX, Indices, Cryptocurrencies, Shares, Commodities and ETFs.

XTB is a leading European broker that was founded in 2004, and is one of the largest stock exchange listed brokers in the world with offices in 13 countries including the UK, Spain, Germany, France and Chile.

Overview

Established in 2004, XTB is one of the largest stock-exchange listed brokers in the world with a presence in 11 countries, including the UK, Poland, Germany, and France to name a few.

Known for its transparency and speed of execution, both XTB and its analysis team have won a number of prestigious awards for its services and research – including the #1 EMEA Bloomberg spot for FX accuracy in Q3 of 2020.

Unique Features

XTB differentiates itself from other brokers through three main aspects: the power of its platform xStation 5, its level of educational and analytical material for all ranges of traders, and its open-door policy which includes a high level of support from its client support team.

XTB offers free educational material to their clients to learn how to trade, on a level which no other broker provides. From its online Trading Academy (which is accessible from both the website and the platform), it also offers multiple packages like a Trader’s Library, Day Trading Guide and how to trade events like Brexit.

Clients can also opt in to its free Mobile Trade Alert service and access a direct line of contact with Chief Market Analyst David Cheetham, who sends breaking news and key technical levels via Whatsapp.

The broker also operates an open door policy and regular Trading Clubs in its headquarters in Canary Wharf, which are a must if you’re nearby to London. These clubs include open discussion on a variety of strategies and live market analysis.

Trading Products

XTB has divided its trading products into six categories:

  • Forex: XTB provides more than 50 pairs of currencies. These include all major currency pairs, plus some minors and Exotics.
  • Shares: XTB offers CFD’s trading in more than 1500 shares of companies which trade in the United States , United Kingdom, Poland , Portugal , Spain, Switzerland, France and Finland
  • Indices: The platform offers Indices trading to its customers in over 20 major global indices
  • Commodities: Many commodities are available to trade, including wheat, copper, coffee, Aluminium, Nickle, Oil, Platinum, Silver, gold etc.
  • ETFs: Traders can speculate on ETF value at XTB.
  • Cryptocurrencies: Bitcoin , Litecoin, Ripple, Dash, Ethereum and others

Trading Software

The trading platform offered by XTB is impressive.

xStation 5 was voted ‘Best Trading Platform 2020’ by the Online Personal Wealth Awards and offers reliable, instant execution (at an average of 85 milliseconds) with no requotes. It features a free market audio commentary – a paid service with other brokers – as well as an advanced trading calculator which instantly determines every aspect of your trade for you.

It also has a comprehensive video tutorial section, a stocks screener, sentiment heatmaps and real-time performance stats that break down your trading behaviour, showing you where your strengths and weaknesses as a trader lie.

It’s available across desktop, tablet, mobile, and even your smartwatch, and has a variety of innovative technical tools to help you with your trading.

XTB Account Types

There are three types of account offered by XTB: Standard, Pro (both retail) and Professional (for professional clients only). Please note that to qualify for professional client status, you need to meet two out of the three criteria required (visit XTB for more details):

XTB Account Types
Description Basic Standard Pro
Leverage 30:1 30:1 200:1
Spread Fixed Floating Market
Execution Instant Market Market
Product CFDs CFDs CFDs
Account Mgmt And Setup Free Free Free
Minimum Spread 0.35 0.28 Lowest (Var)
Stop And Order Limit Yes Yes Yes
Instruments Forex, Indices, ETFs, Commodities, Shares Forex, Indices, ETFs, Commodities, Shares Forex, Indices, ETFs, Commodities, Shares
Stop out level margin 30.00% 30.00% 30.00%
Minimum initial deposit £250 $250 €250 £250 $250 €250 £250 $250 €250

Registration Process

Traders can apply to for a live account using a simple, secure online form.

As with all FCA-regulated brokers, XTB must go through due process of ‘KYC’ (know your customer) and protection against money laundering activity in checks that are designed to make things more secure for traders.

On the XTB website, you will see the green ‘Create Account‘ button. This process will trigger a few questions, starting with the easy ones: Name, phone number, and national insurance number.

You will be asked to choose the trading platform (MT4 or Xstation 5), Account type (Standard or Pro), Language and currency.

There then follows some ‘Know your customer’ questions that judge your investing experience and ensure you are in a financial position to trade. Regulators insist that a broker takes these steps before allowing new customers to trade. This ‘KYC’ round of questions includes things like: Annual income, net worth, source of income, Account funding, Expected annual investment etc

The last stage is verifying your ID. Proof of address and ID can be verified with any of these:

  • Passport
  • Driver’s license
  • Identity card

Traders can upload a copy of their ID proof by using their phone.

The copy should be clean, and up to date.

Once complete, you can make a deposit via the button at the top of the site.

Spreads And Fees

Fees and commission depend on the type of service and type of accounts you want to use.

For example, XTB’s Forex or Index trading with the Pro account offers highly competitive spreads. On the other hand, ETF’s trading and equity trading commission can be costlier than other brokers.

It means commission and fees comparison will depend on your choice of account type and instrument traded.

Deposit fees:

  • Paypal, flat 2% rate of the amount to be deposited will be charged.
  • Skrill, 2% charge on deposits
  • Debit and credit card deposit – free in GBP, USD, and EUR
  • eWallets – Deposits made by eWallets pay 2% on deposits

Withdrawals

Withdrawals can be processed the same day if the request is made before 1pm GMT.

If the request is made after 1pm, it is processed on the next business day. This applies to GBP, EUR and Domestic HUF withdrawals.

Withdrawals go to your nominated bank account, which you will need to provide documentation for.

Security

XTB offers their clients protection through the UK financial conduct Authority (FCA) and associated rules.

As per the company rules, XTB has to keep funds of their clients in separate accounts from the company’s funds.

Clients can access their account in a secure way. Each client is given a unique password and username which is stored through a secured server. Two factor authentication can also be setup

Client’s funds are protected up to 50,000 GBP through the financial services compensation scheme (FSCS), in case of XTB’s insolvency.

Education Resources

XTB offers a range of educational materials to their clients.

They offer educational videos to their traders and, there is also a ‘Trading Academy’ section. This is divided into the four categories Basic, intermediate, expert and premium. XTB are also offering a Free trading library download, ideal for beginners.

Fundamental and technical topics are covered under intermediate section.

Live webinars are also hosted by the site frequently.

Countries

XTB mainly serves in Central, Eastern, and Western Europe. However, the company has extended its business in new markets, which includes Latin America and similar emerging markets. Notabel regions XTB caters for are:

  • Germany
  • France
  • Portugal
  • Spain
  • Poland
  • Turkey
  • The Czech Republic

XTB support is available in the following languages:

  • Czech
  • China
  • English
  • French
  • German
  • Hungarian
  • Italian
  • Portuguese
  • Polish
  • Russian
  • Romanian
  • Spanish
  • Slovak
  • Turkish

XTB is not allowed to offer trading services to the residents of the United States due to local regulations.

XTB: Summary

Established in the year 2002
Products Forex, CFD
Broker trust rating 95/100
Markets: Equities, Cryptocurrencies, Indices, Commodities, ETFs
Operates in countries 12 countries (expanding its business)
Types of account Basic, Standard, Pro
Fees Depend on types of account and instruments traded
Minimum deposit $250
Regulator: Financial conduct Authority (FCA)
Customer support Available 24/5 through email, live chat and phone
Demo Account Free for one month
Awards “Best forex broker Award”, “ Best trading platform 2020”, Online personal wealth award.

Accepted Countries

XTB accepts traders from Thailand, United Kingdom, South Africa, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use XTB from United States, Canada, Australia, Japan, Slovakia, Singapore, Mauritius, Israel, Turkey, India, Pakistan, Bosnia And Herzegovina, Ethiopia, Uganda, Cuba, Syria, Iraq, Iran, Kenya, Romania.

Is XTB Regulated?

Yes. XTB Ltd (UK) are regulated in the UK by the FCA (Financial Conduct Authority).

XTB Ltd (CY) are regulated in Cyprus by CySec

X-Trade are regulated in South Africa by the FSA

What Is The Minimum Deposit?

The minimum deposit at XTB is $250 (Or £250, or €250)

What Is xStation5 At XTB?

xStation 5 is the name of the trading platform that XTB offer to their traders. Available online or via the mobile application (as xStation Mobile), xStation 5 is the bespoke platform designed by XTB to make trading accessible and hassle free for all clients.

Who Are X-Trade?

X-Trade Brokers is the full name for XTB. In addition, X-Trade is the trading name of XTB for traders in South Africa. They are regulated separately, but share many features and form part of the XTB Group.

Do XTB Have A Facebook Page?

Yes, XTB provide a facebook page in a range of languages: Search facebook with /xtb to find your local page.

Are X-Trade Brokers A Polish Firm?

X-Trade Brokers are listed on the Warsaw Stock Exchange and the Company reports to the Polish Financial Supervision Authority

Why XTB?

A world leader in FX & CFD trading

Everything we do – whether it’s our award-winning platform, personal approach, or comprehensive education – has been shaped to help you achieve your trading ambitions.

Why choose XTB?

Unlike other providers, we don’t treat you as just a number but a valued partner – and we’re dedicated to establishing a long-term relationship with you to help you trade successfully.

A global regulated broker

With more than 15 years of experience, XTB is one of the largest stock exchange-listed FX & CFD brokers in the world. We have offices in more than 10 countries including Belize, UK, Poland, Germany, Spain and France. XTB as a Group is also regulated by the world’s biggest supervision authorities including the IFSC, FCA, KNF, and CySec.

Rated 5 stars by our clients

We believe in building long-term relationships with our active traders. Our dedication to providing individual support along every step of a client’s journey is what has earned us a five star rating on Facebook. A personal account manager comes as standard, and our customer support team are available 24 hours a day, from Sunday to Friday.

Client money protection

As a regulated company, we hold all retail client funds in a fully segregated account, meaning they are not mixed with our own funds. So you can trade with the confidence that your funds are protected.

Powerful technology

Winner of ‘Best Trading Platform 2020’ by Online Personal Wealth Awards

Live market commentary and economic calendar

Total Trade transparency

Ultra fast trade execution speed

Advanced chart trading tools

Value for money trading

Leverage up to 500:1

Earn active trader rewards

Over 1500 markets including FX, Indices, Commodities and Shares

Tight spreads from 0.3 pips and market level execution

Complete trade management

Detailed trader performance statistics to highlight how you can improve

Trader’s Calculator to help you specify your risk and reward

Manage your trades from any device including smartphone, desktop, laptop or tablet

Complete trade transparency including spread, pip value and swaps on the deal ticket

Start trading now

Our awards

We have over 15 years of experience in providing world-class trading services, and we’re proud that our dedication has led to a number of prestigious awards over the years.

A brief history of XTB

Our timeline gives you an instant look at the key milestones in our growth to a global leader in FX and CFD trading:

X-Trade is incorporated as the first leveraged foreign exchange brokerage house on the Polish market, with headquarters located in Warsaw

X-Trade merges into XTB to comply with new regulations in the Polish market

XTB is authorised by KNF (Polish Financial Supervision Authority) to offer brokerage services on all financial products

Open its first foreign branch in Czech Republic

Becomes a member of the Warsaw Stock Exchange and the Polish National Clearing House

XTB is awarded with ‘Best broker in Europe’ by Money Markets Journal

Offices in Germany, Spain, Romania and Slovakia follow

X-Trade Brokers is rebranded into XTB Online Trading

Opens new branches in Hungary, Italy, France, and Portugal, with cross-border licensing in the Netherlands, Austria, Sweden, Belgium, Greece and Bulgaria

X-Trade Brokers successfully lists on the Warsaw Stock Exchange, with shares rising more than 4% on the first day as a publicly owned company.

XTB seals a deal for award-winning Hollywood actor Mads Mikkelsen to join as its brand ambassador.

XTB establishes its subsidiaries in the UK and Turkey

Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital, as prices may move rapidly against you and you may be required to make further payments to keep any trades open. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.

XTB International Limited (XTB) is authorised and regulated by the International Financial Services Commission in Belize. (IFSC License No.: IFSC/60/413/TS/19). XTB is registered in Belize under Registered Number 153,939 Company address: 35 Barrack Road, 3rd Floor, Belize City, Belize, C.A

XTB is a trademark of XTB Group. XTB Group includes but is not limited to following entities:
X-Trade Brokers DM SA is authorised and regulated by the Komisja Nadzoru Finansowego (KNF) in Poland
XTB Limited is authorised and regulated by the Financial Conduct Authority in United Kingdom
XTB Sucursal is authorised and regulated by the Comisión Nacional del Mercado de Valores in Spain

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