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XTB Review: Forex Broker & Trading Markets, Legit or a Scam

xtb
Score

3.5/5

Min Deposit

N/A

Min Spread

0.0 pips

Regulation

FSC

Max Leverage

N/A

Positive Ratings
80%
Neutral Ratings
15%
Negative Ratings
5%

Company Summary

Aspect Information
Registered Country/Area Belize, C.A.
Founded Year 2002
Company Name FXGT
Regulation FSC
Minimum Deposit 0
Maximum Leverage Not Specified
Spreads Starting from 0.0 pips
Trading Platforms XStation 5 and XStation Mobile
Customer Support 24/5 Chat Support at +48 222 739 976,

Email at  sales_int@xtb.com, and Live chat.

Payment Methods Debit/Credit Cards, Bank transfers, and Online Payments.

Introduction

XTB is recognized as a CFD trading platform. XTB broker gives traders diverse trading instruments, advanced tools, and educational resources for seamless trading. XTB trading platform was created in 2002 and is regulated by the Financial Services Commission. The platform has a transparent and secure trading pattern that makes trading easier.

The brokers operate on XStation 5 and XStation Mobile trading platforms. It is compatible with desktop and mobile browsers making trading easier and offers you an on-the-go trading experience. This XTB forex review will help you understand the key aspects of the platform including its trading platforms, instruments, tools, customer support, and more.

XTB Overview

Key Aspects of the XTB Trading Platform

XTB is a 20-year-old trading platform that offers multiple features. The platform has been awarded for its impressive trading solutions. These features enhance the trading experience and help you learn and grow. The important features are:

Investing Options

XTB trading platform has over 2000 listed financial instruments. These help traders create a diverse portfolio and trade in multiple sectors.

These include:

Indices

XTB offers trading in over 30 CFD Indices. Traders get access to top indices from the US, Asia, and Europe. The platform also helps in keeping your trades under control with tools like Stop Loss and Take Profits.

Forex

The platform offers trading in the top global currency pairs. With competitive spreads as low as 0.00008, lower swap values, and fast execution, you get a smooth Forex trading experience. The platform offers over 70 currency pairs for a diverse trade.

Commodities

XTB offers traders a variety of commodities from different sectors. There are over 25 commodities including gold, silver, natural gas, and more. Traders can enhance and develop their portfolios while trading in precious metals and energy-like instruments.

Stocks and ETFs

XTB also offers trade CFDs on Stocks and ETFs. The platform offers access to global stocks like Google and Netflix starting from just 10 USD. XTB provides commission-free trading in ETFs.

XTB Trading instruments

Account Types by XTB

XTB has no segregated account types that cater to different traders but they do offer a free/trial account option. The XTB account provides traders with advanced solutions including market analysis, technical indicators, and charting tools.

The platform offers a demo account for around 30 days. This helps traders to get familiar with the platform and brush up their trading skills. You can create a demo account by using your email ID.

How to Open an Account?

To create an XTB account, you need to visit the website first. On the website, you need to follow a few steps:

Step 1: At the website, click Create an account option.

Step 2: Write your email and select the country. Agree to the terms and move to the next step.

Step 3: Start Verifying your account with the code received in the mail.

Step 4: Your account is created, now you can add money.

Step 5: Once you add funds, you can Start Trading.

XTB Account sign up

Deposits and Withdrawals

With XTB you not only get commission-free transactions but you also get rid of additional charges and minimum deposits. The platform offers instant deposits without any additional charges. The platform offers trading starting from 10 USD for different instruments.

The platform has multiple payment methods like cards, online, and bank transfers. The withdrawal above 50 USD is free from any fees. There is no minimum withdrawal value but charges may apply. The withdrawal requests are approved on the same day or might take up to 24 hours to complete.

If you want to look for a broker with More options of withdrawal, then you can check out other brokers like Capitalix, SmartSTP and TradeEU.Global.

Security and Regulations

XTB is an authorized and regulated trading platform that ensures safety. The platform is regulated by the Financial Services Commission in Belize. The regulatory body ensures that the platform maintains industry standards of security and transparency. This enhances the credibility of the platform making it a trustworthy choice.

Customer Support

XTB offers its clients a responsive and knowledgeable team. This team is dedicated to helping you with issues related to trading or any technical issue you might face.  It offers 24/5 customer support using multiple channels like :

Live Chat

The platform provides instant support with its live chat option that you can use anytime. It is multilingual support that eliminates any language barrier.

Email

For a specific issue that is not solved with live chat, you can also mail the support team at sales_int@xtb.com. These emails are usually responded to within a  few hours.

Phone Support

If you face a major issue that needs to be resolved as soon as possible, you can also contact the team by calling them at +48 222 739 976. The team ensures assistance in the trader’s preferred language for ease of understanding.

customer support of XTB

These customer support channels make it easier for users to connect and get their queries resolved quickly. With a team of skilled professionals, you get fast responses and a smooth trading experience.

Conclusion

XTB has been a reputed trading platform for over two decades. The platform has come forward as a safe and secure platform with its transparent fee structure. The platform offers educational resources that help traders make better decisions.

The trading platform is designed with utmost care keeping traders with different experience levels in mind. The zero commission and minimum deposit are the two most attractive features of the platform.

Lastly, it is visible that the platform is reliable and efficient for trading.

  • Simple User Interface
  • Extensive Educational Resources
  • 24/5 Customer Support
  • No Segregated Account Types
  • No Social or Copy Trading
  • Limited Trading Instruments
FAQs

Frequently Asked Questions

Is XTB regulated?

Yes, the platform has been regulated by FCA, a top financial authority. The regulations provide a secure and transparent trading atmosphere.

What trading instruments does the platform offer?

The platform offers 2000+ trading instruments including Stocks, ETFs, and CFDs.

What are the deposit and withdrawal options?

At XTB, the transaction methods include cards, banks, and online payment.

Does XTB charge any commissions?

The platform does commission-free trading which is its key feature. Although, there are a few charges applied to the withdrawal process.

What account types are available at XTB?

There are no specified account types on the platform. It does offer a basic standard account for all traders. For beginners, it offers demo accounts that make understanding trading better.

Is XTB suitable for beginners?

The platform is made with a user-centric approach making it perfect for novice traders. Also, the free trials make it easier for them.

How secure is XTB?

XTB is a regulated and authorized platform that makes it perfectly safe for trading purposes.

Can I trade cryptocurrencies on XTB?

The platform offers over 2000 trading instruments but it still has no option for trading in cryptocurrencies.

What is the minimum deposit at XTB?

At XTB, you can create an account with no minimum deposit amount. This makes it easier to trade without restriction.

Is XTB a reliable broker?

Yes, XTB is a reliable broker platform. It was established in Belize, C.A., and has built a strong reputation for itself.

Trusted Score

4.3/5

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5