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XTB Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.xtb.com/..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM), United KingdomFCAStraight Through Processing (STP) to enhance the security of the company's address Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom

XTB Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
XTB Limited
Abbreviation
XTB
Company employee
--
Customer Service Email Address
uksales@xtb.com
Contact Number
+442036953086
Company Website
Company address
Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom
Keywords
10-15 years
Regulated in Cyprus
Regulated in United Kingdom
Market Maker (MM)
Straight Through Processing (STP)
MT4 Full License
Self-developed
Global Business
High potential risk

Company profile

Quick XTB Review SummaryFounded in 1995Registered inUKRegulated byCySEC, FCATrading Instruments6,898, stocks, ETFs, forex, indices, commoditiesDemo Account✅Min Deposit£0LeverageUp to 1:500EUR/USD SpreadFloating around 1.0 pipsTrading PlatformMobile, Desktop, TabletPayment MethodxStation5 (Mobile, Desktop, Tablet)Deposit Fee❌Withdrawal FeeFree for withdrawal above 50 USD/EUR/GBP5 USD/EUR/GBP for withdrawal below 50 USD/EUR/GBPInactivity FeeA monthly fee of 10 GBP will be charged if no purchase or sale transaction within 365 daysCustomer Support24/5 live chatTel: +44 2036953086Email: uksales@xtb.comXTB Information XTB is a UK registered online forex and CFD broker that is regulated by the FCA and CYSEC. The company offers trading in 6,898 financial instruments including stocks, ETFs, forex, indices, and commodities with leverage up to 1:500, spread from 0.5 pips and zero commissions for CFD trading via Mobile, Desktop, and Tablet platforms.Pros and Cons of XTB Pros:Regulated by CySEC and FCACommission-free tradingNo minimum deposit requirementRich educational resources including educational articles, market analysis, aneBooks Cons:Only offers a standard account typeWithdrawal below 50 USD/EUR/GBP will be charged a fee of 5 USD/EUR/GBPA monthly fee of 10 GBP will be charged if no purchase or sale transaction within 365 daysCustomer support is not available 24/7Is XTB Legit? Yes. XTB is currently regulated by Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA).Regulated CountryRegulatorRegulated EntityLicense TypeLicense No.CySECXTB LtdMarket Making (MM)169/12FCAXTB LimitedStraight Through Processing (STP)522157Market Instruments XTB offer 6,898 tradable instruments, including stocks, ETFs, forex, indices, and commodities. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform.Asset ClassSupportedCFDs✔Stocks✔ETFs✔Forex✔Indices✔Commodities✔Cryprocurrencies❌Bonds❌Options❌Account Type XTB only offers a single standard account type, and no minimum deposit requirement. There are no fees for account opening and maintenance, while 0.5% for currency conversion.Leverage XTB offers a maximum leverage of up to 1:500. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies.Spreads and Commissions XTB offers spread from 0.5 pips. Specifically, spread on the EUR/USD pair is floating around 1.0 pips. As for commissions, there is no commission for trading CFDs, while there may be a commission charged for stocks and ETFs investing. You can find detailed info in the table below:Commission for trading CFDs❌Stocks and ETFs investing commissionFor monthly turnover equivalent up to 100, 000 EUR❌After that0.2%, min 10 GBPTrading Platform XTB only offers its proprietary platform, available on Mobile, Desktop, and Tablet devices. It does not support any third-party trading platforms, such as the industry-leading MT4 and MT5, which could be a disadvantage for some traders.Trading PlatformSupported Available Devices Suitable forProprietary platform✔Mobile, Desktop, Tablet/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal XTB accepts payments via MasterCard, Maestro, Visa, Bank transfer. The accepted currencies are USD, EUR, and GBP. It does not charge any fees for deposits and process them quickly. Withdrawal above 50 USD/EUR/GBP is free of charge, while withdrawal below 50 USD/EUR/GBP will be charged a fee of 5 USD/EUR/GBP. As for the withdrawal processing time, withdrawal before 1 PM can be processed on the same business day, while withdrawal after 1 PM will be processed on the next business day.Conclusion Overall, XTB is a well-regulated and reputable forex broker with many years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and user-friendly trading platforms with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.

Rating Index

How to login to XTB?
XTB Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a XTB Account Setting up your XTB account begins with the registration process, a straightforward procedure that can be completed online. Follow these detailed steps

  

XTB Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  XTB, officially known as XTB Online Trading, was founded in 2002 in Poland, initially operating under the name X-Trade Brokers. The company is headquartered in Warsaw, Poland, and has expanded its presence with offices in various countries, including the UK, Spain, and Germany. As a publicly traded entity, XTB is listed on the Warsaw Stock Exchange, which adds a layer of transparency and regulatory oversight to its operations.

  Over the years, XTB has developed a strong reputation in the retail forex and CFD trading space, serving over 1 million clients globally. Its primary markets include the European Union, the UK, and the Middle East, with a focus on providing access to over 5,800 financial instruments, including forex, commodities, indices, stocks, and ETFs.

  Key milestones in XTB's history include its rebranding to XTB Online Trading in 2004, the launch of its proprietary trading platform, xStation 5, in 2016, and the establishment of a research department to provide clients with in-depth market analysis. The company has also received multiple licenses from top-tier regulatory bodies, enhancing its credibility in the financial markets.

  The business model of XTB is centered around retail forex trading and offering CFDs, allowing clients to trade a wide range of financial instruments with competitive spreads and various account types.

  

2. Regulation and Compliance Information

  XTB operates under the supervision of several regulatory authorities, ensuring a secure trading environment for its clients. The main regulatory bodies overseeing XTB include:

  • Financial Conduct Authority (FCA), UK - Registration No. 522157
  • Cyprus Securities and Exchange Commission (CySEC) - License No. 169/12
  • Polish Financial Supervision Authority (KNF)
  • Comisión Nacional del Mercado de Valores (CNMV), Spain
  • Dubai Financial Services Authority (DFSA)
  • International Financial Services Commission (IFSC), Belize

  The licenses held by XTB are valid across different jurisdictions, providing a framework for client protection and compliance with local regulations. XTB maintains a strict client funds segregation policy, ensuring that clients' funds are kept separate from the company's operational funds. This practice protects traders' capital in the event of financial difficulties faced by the broker.

  Additionally, XTB participates in investor compensation schemes, such as the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients up to £85,000. The broker also adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the integrity of its operations.

  

3. Trading Products and Services

  XTB offers a comprehensive range of trading products, catering to various trading styles and preferences. The broker provides access to:

  • Forex Trading: XTB supports trading in over 71 currency pairs, including major, minor, and exotic pairs, with competitive spreads starting at 0.1 pips.
  • CFDs: The broker offers CFDs on commodities, indices, stocks, and cryptocurrencies. Traders can engage in CFD transactions without owning the underlying assets, allowing for greater flexibility and leverage.
  • Real Stocks and ETFs: XTB allows clients in specific regions to trade real stocks and ETFs, providing an option for direct investment alongside CFD trading.
  • Cryptocurrency Trading: Clients can trade a selection of cryptocurrencies through CFDs, including Bitcoin, Ethereum, and Ripple, with leverage options available.

  XTB continuously updates its product offerings, adding new instruments and enhancing existing ones based on market demand and client feedback. The broker also provides retail trading services, allowing individual investors to access the financial markets with ease.

  

4. Trading Platforms and Technology

  XTB has developed its proprietary trading platform, xStation 5, which is designed to provide a user-friendly and efficient trading experience. This platform is available on both web and mobile devices, offering a range of features, including:

  • Charting Tools: xStation 5 provides advanced charting capabilities with multiple chart types, time frames, and technical indicators, allowing traders to conduct thorough market analysis.
  • Order Execution: The platform supports various order types, including market, limit, and stop-loss orders, facilitating efficient trade execution.
  • Mobile App: The xStation mobile app is available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

  While XTB previously supported MetaTrader 4, it has transitioned to its proprietary platform, which does not currently offer MetaTrader 5. The xStation 5 platform is built to accommodate both beginner and advanced traders, providing an intuitive interface and robust trading tools.

  The broker employs an automated execution model, ensuring fast and reliable order processing. Additionally, XTB offers API access for algorithmic trading, allowing traders to implement automated strategies.

  

5. Account Types and Trading Conditions

  XTB offers several account types to cater to different trading needs, including:

  • Standard Account: This account type requires no minimum deposit and offers access to all trading instruments with spreads starting from 0.1 pips. There are no commissions on most trades, making it suitable for retail clients.
  • Pro Account: Designed for professional traders, this account type offers lower spreads but may involve commissions per trade. It is available to clients who meet specific eligibility criteria.
  • Islamic Account: XTB provides a swap-free account option for clients adhering to Islamic finance principles, ensuring compliance with Sharia law.

  The broker also offers a demo account for practice, allowing traders to familiarize themselves with the platform and test their strategies without financial risk. Leverage options vary depending on the account type and the instruments traded, with maximum leverage reaching up to 1:30 for retail clients in the EU and up to 1:500 for clients in other regions.

  

6. Fund Management

  XTB provides a variety of funding methods to facilitate deposits and withdrawals, including:

  • Deposit Methods: Traders can fund their accounts via bank transfers, credit/debit cards, and electronic wallets such as PayPal and Skrill. XTB does not charge deposit fees, although some payment providers may impose their own charges.
  • Minimum Deposit Requirements: There is no minimum deposit requirement for the standard account, making it accessible for traders of all levels.
  • Withdrawal Methods: Withdrawals can be made through bank transfers, with no fees for amounts exceeding $50. However, a fee may apply for withdrawals below this threshold.
  • Processing Times: Deposits are generally processed instantly, while withdrawals are typically completed within one business day.

  XTB's transparent fee structure and efficient fund management processes contribute to a positive trading experience for clients.

  

7. Customer Support and Educational Resources

  XTB is committed to providing excellent customer support and educational resources to enhance the trading experience. The broker offers:

  • Support Channels: Clients can reach customer support via phone, email, and live chat, with service available in multiple languages, including English, Spanish, French, and German.
  • Service Hours: Customer support operates 24/5, ensuring assistance is available during market hours.
  • Educational Resources: XTB provides a comprehensive range of educational materials, including articles, video tutorials, webinars, and market analysis. These resources cater to both novice and experienced traders, helping them improve their skills and market understanding.

  Additionally, XTB offers market analysis services, including daily updates, research reports, and trading signals, to keep clients informed about market trends and opportunities.

  

8. Regional Coverage and Restrictions

  XTB operates in multiple countries worldwide, making its services accessible to a broad audience. However, there are certain regions where XTB does not accept clients due to regulatory restrictions. Notable exclusions include:

  • United States
  • Australia
  • Japan
  • India
  • North Korea

  XTB maintains a presence in various countries, including the UK, Poland, Spain, and Germany, with dedicated offices to support local clients. However, the availability of specific products and services may vary based on the regulatory environment in each region.

  In conclusion, XTB broker stands out as a reputable and well-regulated online trading platform, offering a diverse range of financial instruments, user-friendly trading technology, and robust customer support. Its commitment to transparency and client protection further enhances its appeal to traders globally.

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Latest Reviews

FX3957290261

FX3957290261

India

Totally Transparency. It's too good

Positive

05-25

FX6459449682

FX6459449682

Iraq

I traded with the company and made profits, but the interest rate is very high and they only deduct the interest when I send the amount. I cannot withdraw my amount because they control it.

Exposure

01-20

adrian17

adrian17

Bolivia

I withdrew my money yesterday and until now I haven't received anything in my Skrill account. I try to contact them but they only send me pre-programmed messages and tell me that it will take time from the bank. But I withdrew from my Skrill account and I try to communicate with my advisor but she doesn't respond to my questions.

Exposure

2024-09-19

XTB Forex Broker has an overall rating of 6.77, Regulatory Index 7.34, License Index 7.17, Business Index 8.55, Software Index 9.04 Risk Control Index 0.00.