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Rating Index

Pros

Regulated by the Malta Financial Services Authority (MFSA), providing a level of security and trust for investors.

Offers a wide range of financial instruments, with access to over 1,000,000 tradable assets, allowing for significant portfolio diversification.

User-friendly trading platform that is accessible on multiple devices, facilitating convenient trading for users.

Cons

High minimum deposit requirement of €50,000, which may limit accessibility for casual or smaller investors.

Multiple fees, including a withdrawal fee of €30 and an inactivity fee of €50, which can increase overall trading costs.

Lack of educational resources and support for novice traders, making it less suitable for beginners in the trading space.

XNT broker Accounts

XNT Account Type

XNT offers a single account type designed for professional traders, which requires a minimum deposit of €50,000. This account provides access to over 600,000 financial instruments, including currency pairs, stocks, ETFs, bonds, funds, metals, futures, and options. The account features variable spreads starting from 0.3 pips and a maximum leverage of 1:30. Additionally, XNT allows clients to open joint accounts, corporate accounts, or family accounts, catering to various trading needs. However, the broker does not provide educational content or tools for technical and fundamental analysis, indicating that it is primarily targeted at experienced traders.

XNT Broker Account Opening Process

To open an account with XNT, follow these steps:

Visit the XNT Website: Go to XNT's official website.
Click on "Open Account": Locate the "Open Account" button at the top right corner of the homepage.
Choose Account Type: Select between an individual or corporate account.
Provide Personal Information: Enter your first and last names, email, and phone number.
Create a Password: Set a secure password that includes numbers and both uppercase and lowercase letters.
Complete Experience Questionnaire: Fill out information regarding your trading and investing experience, including education and financial resources.
Provide Country of Residence: Indicate your country of residence; a tax identification number may be required for some countries.
Complete Additional Questions: Continue answering questions to finalize your trader profile.
Accept Official Documents: Read and accept the broker's official documents by ticking the respective boxes.
Identity Verification: Choose the issuing country and type of document for identity verification, then upload a scan/photo of the document.
Address Verification: Upload a scan/photo of a document confirming your residential address.
Account Confirmation: Wait for the broker to confirm your details.
Deposit Funds: Once verified, select your account parameters and follow the on-screen instructions to make a deposit.