What is XTB
XTB is one of the major exchange brokers FX & CFD. Currently, the company is represented in most European countries, China, India, and others.
How Does XTB Exchange Work
XTB provides trading in currency pairs, goods, stocks, indices, bonds, CFDs and cryptocurrencies.
Depending on the size of the deposit, the broker offers a different level of access to educational and research materials. VIP status gives full access to all materials, the club of traders and provides a personal manager.
You can choose from accounts such as Standard, PRO and Islamic. Also, the company provides protection against a negative balance on all types of accounts, which will not allow you to lose more than your initial investment.
The maximum leverage is 1: 200, spreads from 0.28 p and can fluctuate depending on market conditions. The commission for 1 lot is $ 4. Active traders can rely on cashback from their transactions.
Payment cards, bank transfer, Paysafe, SafetyPay and Skrill can be used to withdraw and deposit funds. When choosing a payment system, pay attention to the time of crediting funds and the commission. For a withdrawal of funds less than $ 100, a fee of $ 30 is charged.
Other advantages of the XTB platform include:
- XStation 5 and MetaTrader 4 Terminals
- Demo account
- Mobile App (iOS and Android)
- Minimum deposit of $ 250
- Commission from 4 dollars
- 24/7 customer support
How to Trade On XTB
To start trading on the platform, the trader must create an account. Go to the company’s website and click the “Create an account” button. Fill out the form, enter your email, check the box next to the User Agreement and click “Next Step”. Create a password and enter it in the field that appears. In the new window, fill out the form, specify the name, surname, phone number, country of residence and date of birth.
After confirmation, another form will appear in which it is proposed to indicate the full address of the client’s place of residence and his postal code. Then you need to choose a platform for trading and account currency. It should be understood that registration will take a long time. In addition, the user must submit a declaration of income and other financial data that disclose the sources of origin of wealth. It will be possible to start trading on your account after transmitting the verification data of the trader.
Is XTB Safe?
XTB is registered in Belize and is regulated by IFSC under license number IFSC / 60/413 / TS / 16. In addition, XTB is regulated by the Spanish CNMV, the British FCA, and the Polish KNF.
XTB has a good set of tools, quality training materials and is regulated by several authorities. Terms of trade are generally average or above average for the market. Also on the Internet, there are reviews and complaints about hidden costs. We recommend that you study in detail the information not only on the platform website but also in the registration documents.