XTB Review 2023 – Pros and Cons

UPDATED ON :

XTB is a leading multi-asset brokerage firm that was established in 2002. The company provides online trading services for a wide range of financial instruments, including forex, commodities, indices, cryptocurrencies, and more. XTB is headquartered in Warsaw, Poland, and has offices in over 10 countries, including the UK, Germany, Spain, and France. The company is regulated by several financial regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission (IFSC) in Belize. XTB offers its clients a user-friendly and feature-rich trading platform called xStation 5, as well as the popular MetaTrader 5 (MT5) platform. The company also provides educational resources and research tools to help traders improve their trading skills and make informed trading decisions. XTB has won numerous awards over the years, including the Best Trading Platform 2021 award by Forex Awards, and the Best Forex Broker 2020 award by the UK Forex Awards.

XTB Limited

Brokers Name

XTB Limited

Regulation

CySEC, FCA, DFSA, IFSC

Established

2002

Headquarters

Poland

Trading Desk

Market Maker NDD

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish

Account Details

Accounts

Standard, Swap Free

Min. Deposit

$0

Base Currencies

GBP, EUR, USD, HUF

Leverage

1:500

Spreads

0.5 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

xStation, xStation Mobile

Trading Instruments

Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs

Pros

  • Wide range of markets and instruments
  • User-friendly trading platform
  • Educational resources and research tools
  • Multiple account types with varying features
  • Low fees and commissions

Cons

  • Limited customer support options
  • No MT4 trading platform available
  • No demo account available for cryptocurrency trading
  • Limited deposit and withdrawal options
  • Inactivity fee charged after a certain period of inactivity

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

no

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Bank Transfer, Visa, Mastercard, Skill, Neteller, Online wallets

Withdrawal

Bank Transfer, Visa, Mastercard, Skill, Neteller, Online wallets

Contacts

Phone

+48 222 739 976

Email

sales_int@xtb.com

Address

35 Barrack Road, 3rd Floor, Belize City, Belize, C.A

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *