General Information & Regulation
XTB Trading, a trading name of XTB Trading, Inc, is allegedly a forex and CFD broker authorized and regulated by the Financial Services Commission in Belize with FSC License No. 000302/316, and registered in Belize under Registered Number 153,939. The broker claims to provide its clients with numerous tradable assets with leverage up to 1:500 and variable spreads on the xStation 5 trading platform, as well as a choice of two different account types and 24/5 customer support service.
Market Instruments
XTB Trading advertises that it offers 2100+ global market instruments trading, including forex, indices, commodities (Gold, Silver, Oil), stock CFDs & ETF CFDs, CFDs on cryptocurrencies of Bitcoin, Ethereum, Stellar, Dogecoin and more.
Account Types
There are two live trading accounts offered by XTB Trading, apart from demo accounts, namely Standard and Swap Free accounts. On the home page of its official site, the broker claims that getting started is easy and free for 30 days.
Leverage
The maximum leverage ratio at XTB Trading varies depending on trading instruments. In particular, the maximum leverage is 1:500 for indices and commodities, while 1:10 for stock CFDs and ETF CFDs. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Different account types can experience different spreads. The minimum spread on the Standard and Swap Free account is 0.5 and 0.7 pips respectively. Besides, different trading instruments have different spreads. For example, XTB Trading claims to offer low spreads from 0.1 pips for forex and 0.22% for cryptocurrencies. All charging no commissions
Trading Platform Available
XTB Trading says to give traders the award-winning xStation 5 as its trading platform, available on the Web, desktop, mobile and tablet. xStation 5 is advertised as a supreme trading platform equipped with total trade transparency, real-time market commentary, live performance statistics and the most comprehensive charting package around. Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both MT4 and MT5 have mobile Apps, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.
Deposit & Withdrawal
XTB Trading says to work with Bank transfers, credit cards such as MasterCard, Maestro and Visa, and e-wallets like Skrill, Paysafe, safety pay and Neteller, yet we cannot be sure if these payment options are all available. Note that withdrawals of less than $50 will be charged an additional commission of $30. As for the processing time of withdrawal requests, XTB Trading states that the standard processing time for withdrawal requests is 1 business day. However, the broker cannot guarantee the time in which the funds will reach your account because it is dependent on the type and location of your bank.
Customer Support
XTB Tradings customer support can be reached by telephone: +357 257 25356 (Account Opening), +48 222 739 976 (24/5 Chat Support), email: sales_int@xtb.com or live chat. Company address: 35 Barrack Road, 3rd Floor, Belize City, Belize, C.A.
start to write first comment