XTB Review
Overview
Company Information If you are one of the many traders who look for a well established and reputable broker, well, let us introduce you XTB also known as X-Trade Broker…. more
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| Broker | XTB |
|---|---|
| Website URL | https://www.xtb.com/en |
| Headquarters | London, United Kingdom |
| Support Number | +44 2036953086 |
| Support Email | ukservice@xtb.co.uk |
| Support Types | Phone, Live Chat, E-mail |
| Languages | English, Spanish, Chinese, French, Hungarian, Portuguese, Slovene, Czech, German, Turkish, Italian, Polish, Romanian |
| Minimum Trade Amount | 0.01 lots |
| Maximum Trade Amount | 100 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | Financial Conduct Authority (FCA) |
| Account Types | Basic, Standard, PRO |
| Deposit Methods | Bank Transfer, Maestro, MasterCard, Visa, PayPal, Skrill, Neteller |
| Withdrawal Methods | Bank Transfer, Maestro, MasterCard, Visa, PayPal, Skrill, Neteller |
| Types of Assets | Forex, Commodities, Indices, Shares, ETFs |
| Account Currency | EUR, USD, GBP, HUF |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
If you are one of the many traders who look for a well established and reputable broker, well, let us introduce you XTB also known as X-Trade Broker. The brand was founded in 2002 with the sole purpose to provide Forex and CFDs brokerage services. The central offices of the company are located in Europe, but there are many others small branches scattered in different countries such as Germany, Romania, Spain and the Czech Republic. Most traders might not be familiar with XTB, but this online broker is one of the most reputable financial service providers in Eastern Europe. The company has won various awards from Forbes and Bloomberg, as well as World Finance Exchange and Brokers Awards in 2013. In addition to the high reputation, XTB is well regulated by one of the most strict and authoritative institution, namely the UK Financial Conduct Authority. The broker is financially stable and perfectly insured by the Financial Services Compensation Scheme or FSCS. According to the organisation, every person with an investment in X-Trade Broker has up to £50 000 insured in case of insolvency. All these incredible benefits make XTB a decent choice for all traders who look for a reliable partner in the financial markets.
Trading Information
When it comes to trading opportunities, XTB offers and the fantastic range of various instruments for their clients. Forex traders can enjoy more than 50 different currency pairs and 20+ indices. Commodities are also supported with the most popular ones available, such as Gold, Silver and Crude Oil. Share trades will also be delighted to know that there are over 700 shares offered, as well as ETFs. The spreads are extremely tight, and most pairs can be traded with spreads below 0.05. The leverage also ranges from 1:50 to 1:200 for the different instruments. There are three types of accounts – Basic, Standard and Pro. The Basic one has fixed spread with a minimum of 1.6. The Standard type of profile has floating spread with a min value of 0.9. As for the Pro, there is Market spread with a minimum of 0.28. All accounts have a limit on the leverage set to 1:200.
Trading Platforms
X-Trade Broker offers two excellent trading platforms fully equipped with the most needed tools for successful trading. The first one is the most honoured and well-known software among the traders – MetaTrader 4. There is surely a reason for this platform to be number one for many years, so we will not dive deeper in explaining its numerous benefits. The other platform is called xStation, and it’s surely a simple and intuitive software perfect for those who are getting started with financial trading. The intuitive interface and easy execution of orders make it an efficient choice for the new clients. Both platforms are adapted for the mobile users who can choose freely and install their desired software.
Apart of these two amazing trading platforms, XTB offers various extra tools that will help the traders in their daily routine. Clients may freely take advantage of the market calendar and screen, as well as a great market news application.
Security and Customer Services
XTB uses SSL encryption on their website that can ensure 100% protection of the data stream. The SSL certification is provided by COMODO RSA Organization. As a respected company with worldwide fame, X-Trade Broker is a solid choice for every client.
But one of the most important aspects of a successful brokerage business is certainly the customer support. XTB is an example of adequate and responsive customer care department. The representatives can be reached out via phone, email or live chat quickly. There are more than ten different languages supported. Also, XTB has 12 offices in various countries around the world, where every client can get fast and professional assistance on every matter. The customer is also free to contact XTB on its social media profiles on Facebook, Twitter, Google+ and YouTube.
Deposits and Withdraws
Deposits are processed via some of the most popular methods nowadays. Bank wire transfers and credit/debit cards are the most common options involved. They are free of charge, except for card transfers made with USD. The fee applied, in this case, is 2%. E-wallets are also available, and the all are charged from two to four percent. All deposits are instant (except for bank transfers), and they can be easily initiated from the client’s personal account panel.
Withdraws, on the other hand, are can differ depending on the currency. The processing time is directly affected by the choice of currency and payment method. There are some fees involved as well. Luckily for the clients, these charges only apply to withdrawals below a threshold. For USD it’s 20, EUR – 80, GBP – 60 and HUF – 12 000.
Deposit Bonus and Loyalty Program
Most traders will be disappointed that X-Trade Broker doesn’t have a deposit bonus. However, don’t get upset, because the company has many other great surprises when it comes to promotions. XTB offers attractive rewards for their most active customers. The only requirement is that the client trade more than 100 lots in a period of one month. Of course, the more you trade, the better the prizes will become.
Also, all customers can earn interests on their accounts up to 1.1%. Again traders have to be active, and their account balance should exceed £5000. The potential rewards are extremely high, so make sure to take part in this great promotion.
And this is not all, clients can enjoy an excellent “Refer a friend” bonus program with £40 prize for both you and your friend.
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