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XTB Reviews

Byadmin

May 11, 2022
XTB Отзывы

About company

Founded in 2004, XTB is one of the largest stock exchange-listed brokers in the world, with operations in 13 countries, including the United Kingdom, Poland, Germany, and France, to mention a few.

The firm, which is known for its openness and speed of execution, has won several important honors for its services and research, including first place in Bloomberg’s EMEA region for currency accuracy in Q2 2020 and Q3 2018.

Unique Traits

XTB differs from other brokers in three main ways:

The power of its xStation 5 platform

The level of educational and analytical material for all range traders is the same.

an open-door policy that includes a high level of customer support.

The company provides free instructional materials to its clients to help them learn how to trade at a level that no other broker can match.

Its online trading academy (which can be accessed from both the website and the platform) also offers a variety of products, including the Trader’s Library, Day Trading Guide, and how to trade major events like Brexit and US elections.

Trading Alerts

Clients can also sign up for a free Mobile Trade Alert service, which gives them access to a direct line of communication with a top market analyst via Whatsapp, who delivers them the latest news and critical technical levels.

The broker also has an open-door policy and regular trading clubs at its Canary Wharf offices, which are a must-attend if you’re in the area.

These gatherings feature open discussions of various strategies as well as real-time market analyses.

XTB Отзывы

Regulation and reputation

The UK Financial Conduct Authority (FCA) and related rules protect the company’s clients. According to the company’s standards, XTB must keep its clients’ funds separate from the company’s funds.

The Financial Services Compensation Scheme (FSCS) protects client funds up to £85,000 in the event of insolvency.

In terms of regulatory oversight, XTB subsidiaries are regulated by several regulatory bodies:

  • XTB UK is regulated by the Financial Conduct Authority under license number 522157.
  • XTB Europe is regulated by CySEC under license no. 169/12 of 2020.
  • XTB International is regulated by the Belize International Financial Services Commission under license number IFSC/60/413/TS/19.
  • X-Trade Brokers DM SA is authorized by the Polish Securities and Exchange Commission under license number DDM-M-4021-57-1/2005 and is supervised by the Polish Financial Supervisory Authority (Komisja Nadzoru Finansowego).
  • XTB Spain is regulated by the Comisión Nacional del Mercado de Valores under license number 40.
  • XTB MENA holds a category 3A license from the Dubai Financial Services Authority (DFSA).
  • iPhone and Android XTB

Trading Products

XTB has divided its trading products into six categories:

  • Forex: XTB provides over 50 currency pairs. These include all major currency pairs, as well as some minor and exotic ones.
  • Stocks: XTB offers CFD trading on over 1500 stocks of companies traded in the US, UK, Ireland, Poland, Portugal, Spain, Switzerland, France, and Finland.
  • The platform offers its client’s index trading on over 20 major global indices.
  • Many commodities are available for trading, including wheat, copper, coffee, aluminum, nickel, oil, platinum, silver, gold, etc.
  • ETF: Traders can speculate on the value of XTB ETFs.
  • Cryptocurrencies: Bitcoin, Litecoin, Ripple, Dash, Ethereum, and others. (Not available to UK traders).

The Online Personal Wealth Awards recognized xStation 5 as the “Best Trading Platform 2016” because it provides robust instant execution (averaging 85 milliseconds) with no requotes.

It includes free-market audio commentary (a chargeable service with other brokers) and an innovative trading calculator that calculates every aspect of your trade for you in real-time.

It also includes a comprehensive video instructional section, a stock checker, sentiment heatmaps, and real-time performance statistics that analyze your trading behavior and reveal your trading strengths and shortcomings.

It’s compatible with desktops, tablets, smartphones, and even smartwatches, and it includes a slew of cutting-edge technical features to aid your trading.

Types of XTB accounts

XTB offers two types of accounts: Standard and Pro (both retail) and Professional (for professional clients only).

Please note that to qualify as a professional client, you must meet two of the three required criteria (visit XTB for more information).

Registration process

Traders can apply for a live account using a simple and secure online form.

Like all FCA-regulated brokers, XTB must pass due process “KYC” (know your customer) and anti-money laundering checks, which are designed to enhance the safety of traders.

A green “Create an account” button can be found on the XTB website. This procedure will raise several inquiries, beginning with the most basic: name, phone number, and social security number.

Select a trading platform, account type (Standard or Professional), language, and currency.

Following that, you’ll be asked a series of Know Your Customer questions to assess your investment experience and ensure you’re in a position to trade. Regulators are forcing the broker to follow these steps before enabling new clients to trade.

This round of KYC questions includes questions on annual income, net worth, source of income, account replenishment, planned annual investment, and other questions.

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5 thoughts on “XTB Reviews”
  1. XTB company, based on the reviews, and in practice, is not bad, but contacting them is not as easy as many says. Sometimes they immediately get in touch, but sometimes it takes a lot of time.

  2. From the reviews on the XTB, I learned about its informative value, tried it, and did not regret it.

  3. XTB is a licensed and reliable broker that is well organized and easy to work with. Convenient trading and withdrawal process.

  4. If you want to make big money in the financial markets, then the capital must also be appropriate. And XTB is the broker who can help earn money.

  5. they know what they are talking about, they don’t ask for money, and they handle a large client delicately. The approach suits me. They sent analytics, and then I bout how to dispose of the capital.

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