XTB has over 15 years of experience, and it is one of the largest stock exchange-listed forex and CFD brokers.
- No minimum deposit
- Fast execution speed
- Free transactions for deposits and withdrawals
- Extensive library of learning materials
- No safe two-step login procedure on both web and mobile platforms
- Customer service is active on weekdays only
- Charges inactivity fee after one year
It is headquartered in the UK with more offices spread across over 13 countries globally, including Germany, Poland, Chile, and France. This means that multiple authorities also oversee its activities, including the Financial Conduct Authority (FCA) and more.
XTB – Who Are They?
XTB was founded in 2002 and has slowly gained popularity globally as one of the most trusted brokers for forex and CFD trading. Its main goal is to provide the best trading environment to traders, and it has done so by supporting them with plenty of trading tools.
For instance, beginners can quickly catch up with other traders by making use of its impeccable learning resources. This includes a demo account that is fully funded with $100,000 virtual funds to trade with. However, the demo account is limited to only four weeks after signing up. Therefore, ensure you take full advantage while it’s still active.
Additionally, XTB has research materials that are very helpful to both newbies and expert traders. You will access a quality news feed, interactive chart, trading ideas, and more. As a result, technical and fundamental analysis will be simplified, but only if you take full advantage of these resources.
Over 2,100 global markets are accessed via XTB, including forex, indices, commodities, cryptocurrencies, ETFs, and more. Their trading costs are low, with spreads starting from 0.5 pips on its standard account. There is also no minimum deposit requirement, making XTB an excellent choice for low-budget traders.
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Our Opinion About XTB
Based on our analysis of XTB, we believe that all types of traders will have an excellent trading experience with it. It is safe and offers good quality trading tools to support you in your analysis and strategy. XTB also provides a wide range of instruments, allowing you to diversify your portfolio and maximise your potential.
It’s easy to create a trading account at XTB, whether demo or live. There is no minimum deposit requirement for a live trading account, and what’s more, making deposits and withdrawals is free. The payment methods allowed are credit/debit cards, bank transfers, and e-wallets like Skrill, Neteller, and SafetyPay.
When it comes to its demo account, you can use it to test the broker and practice how to trade various assets. Note that this account is limited to four weeks only, but you will have a feel of how the live trading account works and be prepared to invest real money.
Lastly, XTB has a supportive customer service and is very responsive when contacted. However, they only operate five days a week but worry not because they handle any trading issue fast and professionally. You can reach out to them via phone, email, and live chat.
I’ve been trading with the company a long time and sometimes I make money and sometimes I don’t
I use and recommend XTB brokerage for small accounts. They are the only ones I am really familiar with.
In most cases, forex brokers make money by the spread difference between the bid and ask price ranges for every currency pair. The lower the spread, the more the money saved for the forex traders. That is why most brokers have either high spreads or fixed spreads. In some cases, there are certain forex brokers who manipulate the spread range and try to increase the spread value. To avoid this, it’s best to go with low spread brokers with good client service, like XTB