XTB

Registered in	UK
Regulated by	CYSEC, CNMV and FCA
Year(s) of establishment	10-15 years
Trading instruments	Currency pairs, indices, commodities, metals, energy, stocks, ETFs
Minimum Initial Deposit	$0
Maximum Leverage	1:30
Minimum spread	0.35 pips onwards
Trading platform	x Station 5 and x Station Mobile trading platforms
Deposit and withdrawal method	bank transfers, credit and debit cards, PayPal, neteller and Skrill
Customer Service	Email/phone number/address/live chat
Fraud Complaints Exposure	Yes

General information and regulations of XTB

XTB ranks the fourth largest stock exchange listed forex and CFD broker in the world，founded in 2002 and headquartered in London, UK, with offices in over 12 countries, including Poland, Germany, France, and Turkey. XTB Limited is authorized and regulated by the Financial Conduct Authority in the UK, with regulatory license number 522157.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, stocks, ETFs.....XTB allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on XTB. We noted that cryptocurrencies are currently unavailable.

Spreads and commissions for trading with XTB

For the standard account, there is no commissions and the minimum spreads are 0.35 pips.

Account Types for XTB

Demo Account: XTB provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: XTB only provides one type of account: standard. There is no commissions.

Trading platforms offered by XTB

XTB offers traders the x Station 5 and x Station Mobile trading platforms. The trading platform allows traders to trade anywhere, anytime, and choose from over 4,000 commodities (including CFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks and Exchange Traded Index Funds from all over the world) in an intuitive design that makes it faster and easier for traders to manage their assets. The platform supports web, mobile, and desktop.

Leverage offered by XTB

The maximum leverage offered by XTB is only 1:30, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.

Deposit and withdrawal methods and fees

According to the deposit and withdrawals questions in the help center, we can see that possible payment methods are bank transfers, credit and debit cards, PayPal, neteller and Skrill. There is also some extra fees for deposits.

UK Residents - 2% fee for Skrill

EU Residents - no fee for PayPal and Skrill

For Non UK/EU Residents - 2% fee for Skrill and 1% fee for Neteller

Educational resources

A series of educational resources is available at XTB, such as articles, eBooks, news, calendar, etcetera.

Customer support of XTB

Below are the details about the customer service.

Language(s): English, Czech, Turkish, Italian, Spanish, Portuguese, Romanian, German, Chinese, Thai, Vietnamese

Service Hours: 24/5

Email: uksales@xtb.com

Phone Number: +44 2036953086

Address: Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom

Social media: Facebook, YouTube, twitter

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of XTB

Advantages:

Well regulated

Educational resources

Many instruments available

Demo account

Disadvantages:

Too many complaints

Deposit and withdrawal fees

No MT4/MT5

No copy trading

Frequent asked questions about XTB

Is this broker well regulated？

Yes, it is currently effectively regulated by CYSEC, CNMV and FCA.

What time period does XTB serve in？

XTB offers a 24/5 service, so you can easily get help when you need it most.