XTB
About XTB Company
XTB is a broker specializing in online trading in the Forex, Crypto, and CFD markets. It is registered in Belize, a well-known offshore jurisdiction, and has been successfully operating in the market for 15 years. XTB offers clients a personalized approach, extensive educational materials for traders of all levels, and its own trading platform xStation, which has received awards. XTB operates in 17 countries and regions, offering almost identical trading conditions in all points of presence. The broker is licensed and regulated by organizations such as FCA (UK), CySec (Cyprus), KNF (Poland), IFSC (Belize).
Account Types
XTB offers four types of accounts for clients. The demo account allows testing the platform without the risk of losses. The standard account provides access to over 1500 financial instruments, including forex, commodities, cryptocurrencies, indices, stock CFDs, and ETF CFDs. It offers market execution, leverage up to 1:200, a minimum spread of 0.35, and a minimum order of 0.1 lot. It includes protection against negative balance and automated trading. The professional account provides access to the same assets but with a minimum spread of 0.28, maximum leverage of 1:200, and a minimum order size of 0.1 lot. The Islamic account is similar to the standard one but excludes cryptocurrency trading and swaps.
Registration
Opening an account with XTB is easy. Fill out the online form on the official website, undergo data verification, and gain access to the platforms for familiarization. After the application is approved, funds can be deposited, and trading can commence.
Trading Conditions
With XTB, traders can trade with spreads up to 200:1 or as low as 0.3 pips. Full transaction transparency is ensured by indicating pips, spreads, and swaps in each trading ticket. XTB utilizes advanced technology to prevent requotes and reduce risks.
Account Funding
To deposit funds into your XTB account, select a payment method under “Deposits.” XTB offers various deposit methods, including Bank Wire, VISA, MasterCard, PayPal, PaySafe Card, Skrill.
Withdrawal of Funds
Withdrawing funds from the account is also straightforward. Specify the amount and the bank account for withdrawal. XTB processes payments under the SHA model, covering the full cost charged by the sending bank. A withdrawal fee of $30 is applied for withdrawals of less than $100.
Conclusion
XTB is an international online broker with extensive experience. The company provides access to thousands of financial instruments and stands out for its reliability and attractive trading conditions. Some traders may consider XTB’s merits to be overrated, but it remains a popular choice among many clients.