XTB Review – Is XTB Good Choice?

XTB is one of the leading online trading platforms that provides traders with a comprehensive range of tools, resources and access to multiple financial markets. It is a multi-asset online trading platform with over 2,200 instruments on offer, including forex, CFDs, stocks and ETFs. The XTB platform has been in the online trading business since 2002, which makes it one of the longest existing brokers on the market. It can deliver a fast and intuitive environment suitable for both beginner and experienced traders.

What is XTB? Everything You Need To Know

XTB is an international forex and CFD broker. It is regulated in the EU by the Financial Supervision Commission in Poland, the UK FCA and the Cyprus Securities and Exchange Commission. The brokerage provides its customers with one of the most diverse trading experiences on the market, featuring trading services such as stocks, indices, ETFs, Forex, Commodities, and Cryptocurrencies. XTB also offers Stocks Plus service, which allows customers to trade stocks without commissions or commissions.

XTB Pros and Cons

Pros:

    • More than 2,200 instruments
    • Robust charting packages
    • Regulated in various countries
    • Provides access to numerous stock exchanges
    • Competitive monthly cash rebates for active traders

Cons:

    • Higher commissions for stocks and ETFs
    • No US customers
    • No mobile app

XTB Fees and Commissions

XTB fees are based on the instruments that traders decide to use. Forex trading costs are 0.14 pips, while CFD fees are either a 0.08% commission or a $9.99 commission. The Stock fees vary depending on the market and are either a 0.03% commission, 0.1% commission or a $9.99 commission, depending on the country of origin.

How To Register And Use XTB?

XTB registration is simple and straightforward. Users interested in trading with XTB can do so by signing up for an account on the XTB website. After which, they can customize and personalize their account to begin trading the markets. XTB also provides a demo account option so that users can familiarize themselves with the platform.

What Are Tradable Assets of XTB?

XTB offers more than 2,200 tradable instruments, including Forex, stocks, indices, ETFs, commodities, and cryptocurrencies. These instruments are provided in CFDs, and can be traded on most countries across the world using the XTB platform.

Is XTB Trustworthy?

Yes, XTB is a highly trusted trading platform with a proven track record. XTB is fully regulated in the EU by the Financial Supervision Commission in Poland, the UK FCA and the Cyprus Securities and Exchange Commission. Furthermore, the platform follows strict security policies, offers a wide range of products, and ensures customer satisfaction with quick withdrawals and minimal commissions.

Can You Really Make Money With XTB?

Yes, you can make money with XTB. The platform offers access to multiple financial markets and instruments that traders can use to generate profits. Although the results depend largely on the trader’s individual risk appetite and trading strategies, it is possible to make money by trading with XTB.

What types of accounts does XTB offer?

XTB offers three types of accounts: Standard, Pro, and VIP. The Standard account is suitable for beginner traders who are learning the basics, the Pro account is for experienced traders who require advanced trading tools, and the VIP account is for high-value clients who require extra perks such as dedicated customer service, discounts, and special bonuses. Additionally, XTB offers an unlimited demo account, which allows traders to practice risk-free and develop their trading skills with virtual funds.

What is the minimum deposit to open an XTB account?

The minimum deposit to open an XTB account is $250.

What fees are associated with an XTB account?

XTB does not charge commissions for trading, but does charge applicable spreads for each trade. Spreads vary based on the asset being traded and the account type. In addition, any applicable overnight holding charges, deposit fees, and withdrawal fees may apply.

What other brokers charge a minimum deposit for an account?

Other brokers that charge a minimum deposit for an account include E*TRADE ($500), Fidelity ($2,500), TD Ameritrade ($0-3,000 depending on account type), Charles Schwab ($1,000 minimum), Interactive Brokers ($0-10,000 depending on account type), and Ally Invest ($0-$2,500 depending on account type).

Frequently Asked Questions (FAQs) about XTB

    • Q: What Is XTB?A: XTB is an international forex and CFD broker that provides its customers with one of the most diverse trading experiences on the market, featuring trading services such as stocks, indices, ETFs, forex, commodities, and cryptocurrencies.
    • Q: What Are XTB Fees and Commissions?A: XTB fees are based on the instruments that traders decide to use. Forex trading costs are 0.14 pips, while CFD fees can be either a 0.08% commission or a $9.99 commission. The Stock fees vary depending on the market and are either a 0.03% commission, a 0.1% commission or a $9.99 commission.
    • Q: How To Register And Use XTB?A: XTB registration is simple and straightforward. Users interested in trading with XTB can do so by signing up for an account on the XTB website. XTB also provides a demo account option for users to familiarise themselves with the platform.
    • Q: What Are Tradable Assets of XTB?A:XTB offers more than 2,200 tradable instruments, including Forex, stocks, indices, ETFs, commodities, and cryptocurrencies.
    • Q: Can You Really Make Money With XTB?A: Yes, you can make money with XTB. The platform offers access to multiple financial markets and instruments that traders can use to generate profits. Although the results depend largely on the trader’s individual risk appetite and trading strategies, it is possible to make money by trading with XTB.