REVIEW - XTB Online Trading

Photo: forexrank

• Website: https://www.xtb.com/
• Live Chat: YES
• Telephone: +44 2036953085
• Broker Type: Market Maker
• Regulations: FCA, KNF, CySEC, IFSC
• Min Deposit: $5.00
• Account Base Currency: EUR, USD, GBP, HUF
• Max Leverage: 30:1 – 500:1 (depending on country)
• Trading Platforms: xStation 5, xStation Mobile, MT4
• Markets: Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Cryptocurrencies
• Bonus Offered: None
• Funding Options: Credit/Debit Card, Skrill, Bank Wire Transfer, PayPal, Paysafe, Neteller, Other e-payments based on country

Overview

XTB states that they are one of the largest stock exchange listed Forex and CFD brokers in the world. 

With over 220,000 clients from around the world XTB started operating in the year 2002. It has grown to be a popular broker for retail traders. 

They are a multi regulated forex broker with regulations in the UK under the FCA, CySEC in Cyprus, IFSC in belize and under the KNF in Poland. XTB has offices in over 13 countries including Poland, UK, Germany, France and Chile.

Accounts: This broker offers a standard and professional account types. 

The standard account has fixed spreads as low as 0.3 pips and minimum lot size of 0.01 with no commissions. 

Pro accounts have variable spreads starting as low as 0.3 pips. Islamic accounts are also available.

Minimum deposit: $5.00

Maximum leverage: 30:1 – 500:1 (depending on country)

Features

Negative balance protection is offered by XTB on every account type. There are over 1500 tradable instruments offered. 

XTB offers its award winning proprietary platform xStation 5 and metatrader 4 in select countries. 

The platform is available on desktop, mobile and web versions, which has superiors speeds and is easy to use. XTB also has client money protection under the financial services compensation scheme of up to £85,000 per person in the event of the company going into insolvency.

Education

XTB has an extensive education section on their site starting from basic, intermediate, expert and premium education. 

Subsections of there education section include: Trading Academy, Live webinars, Help Center and Articles.

Deposits/Withdrawals

Like many brokers XTB offer these deposit methods: Credit/Debit Card, Skrill, Bank Wire Transfer, Paysafe, PayPal , Neteller and Other e-payments based on country. 

All deposit methods do not incur and fees though Paypal and paysafe will incur a 2% fee on deposits. 

Withdrawal fees are waived if the withdraw amount is above the currency threshold: 100usd, 80eur, 60gbp and 12000huf.

Customer Service

Live chat is available 5 days a week 24 hours a day. Their customer support services are offered in over 18 different languages. They can also be reach via telephone and email.

Reprinted from forexrank, the copyright all reserved by the original author.