Rating Index
Pros
Offers a low minimum deposit requirement of $100, making it accessible for new traders.
Provides high leverage options up to 1:500, which can amplify potential returns.
Utilizes the popular MetaTrader 4 platform, known for its user-friendly interface and extensive functionality.
Cons
Unregulated status poses significant risk to traders, as there is no oversight or protection.
Targeting primarily the Chinese market may limit the broker's appeal and support for international clients.
Reports of being a suspicious clone raise concerns about the broker's legitimacy and trustworthiness.
XBY broker Accounts
XB Prime Account Type
XB Prime offers a variety of trading accounts to suit different trading styles and needs. The main types of accounts available are:
- XB Standard Account
- Commission per Lot: $0
- Minimum Deposit: $10
- Trading Platforms: MT4, MT5
- Spread: From 1.2 pips
- Volume: From 0.01 lots
- Leverage: 1:500
- Islamic Account: Optional
- Order Execution: Market execution
- Trading Style Allowed: All
- Base Currencies: USD, EUR, GBP
- XB Razor Account
- Commission per Lot: $7
- Minimum Deposit: $10
- Trading Platforms: MT4, MT5
- Spread: From 0.0 pips
- Volume: From 0.01 lots
- Leverage: 1:500
- Islamic Account: Optional
- Order Execution: Market execution
- Trading Style Allowed: All
- Base Currencies: USD, EUR, GBP
- XB VIP Account
- Commission per Lot: $4
- Minimum Deposit: $25,000
- Trading Platforms: MT4, MT5
- Spread: From 0.0 pips
- Volume: From 0.01 lots
- Leverage: 1:500
- Islamic Account: Optional
- Order Execution: Market execution
- Trading Style Allowed: All
- Base Currencies: USD, EUR, GBP
Visit the XB Prime Website: Navigate to the official XB Prime site and find the account registration section.
Select Account Type: Choose the account type that best fits your trading style from the options provided (Standard, Razor, or VIP).
Complete the Application Form: Fill out the necessary application form with your personal details, including name, email, and phone number.
Submit Verification Documents: Provide any required identification documents to verify your identity, which may include a government-issued ID and proof of address.
Fund Your Account: After your application is approved, you can fund your account with a minimum deposit as specified for your chosen account type.
Start Trading: Once your account is funded, you can begin trading on the MT4 or MT5 platforms.
XB Prime Broker Account Opening Process
Opening an account with XB Prime is straightforward and can be completed in a few simple steps:
For further details, visit XB Prime.
XBY Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.