XTB offers a swap-free Islamic account that adheres to the principles of Sharia law. An important bonus to mention is that XTB clients are assigned a dedicated account manager who provides a personalized level of service. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset.
What Is the Ranking of the XT.com Exchange?
You need to go to the “Identity Verification” tab within your account settings. Now, you need to upload a high-quality image of your government ID, including your passport or driver’s license. The XT.com Exchange ranks among the top 20 crypto exchanges in terms of trading volume and liquidity, according to CoinMarketCap. XTB supports various funding methods, including bank wires, Neteller, credit cards, Skrill, and PayPal. Note that funding methods may vary depending on your country of residence.
Some countries do offer 3 types of XTB Standard account, with varying minimum deposits of $1, $1,500, or $15,000 depending on the account. XTB offers a robust selection of educational resources, including informative articles and comprehensive guides. Moreover, materials are designed to enhance traders’ knowledge and skills.
XTB mobile app screenshots
This diverse selection allows traders to explore various markets and strategies, catering to novice and experienced investors seeking flexibility and opportunities in their trading activities. XTB’s trading platform stands out for its ease of use, comprehensive features, and multi-device compatibility. XTB offers a powerful, modern, and intuitive trading platform designed to help you navigate the financial markets with ease. The platform provides access to over 6,000 instruments, including stocks, ETFs, and CFDs, all in one place. XTB is a leading global brokerage firm dedicated to providing diverse investment solutions.
In addition, it also provides a market calendar that shows the time, economic indicators, public value, and forecast. People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. After reviewing XTB and trying out a Demo Account with the xStation5, we can say that all awards and accolades are well-deserved. This top-notch CFD and spot trading software offers everything for both beginner and advanced traders.
Yes, XTB is regulated by the Financial Conduct Authority, the UK’s financial regulator. However, many do admit that the app is not perfect, but have great appreciation for how it works and what it has to offer. Starting with Trustpilot, XTB was reviewed by 964 users and it was given 3.9 out of 5 stars.
- The mobile version of the site offers complete functionality, which means you can register with the broker, manage your account, and make deposits and withdrawals from your smartphone.
- As of 2024, XTB has more than 1 million users worldwide and offers its platform in most countries.
- The overwhelming majority of 59% has given it a 5-star rating, followed by 19% who gave it a 4-star rating.
- We also offer real-time stock alerts for those that want to follow our options trades.
- XTB offers a comprehensive range of trading instruments, including 57 forex pairs and a total of 6,010 tradeable symbols, significantly exceeding the industry average of 3,623 tradeable symbols.
Popular Forex Reviews
When testing phone support, a knowledgeable representative answered my calls almost immediately. I tested customer support with a range of questions from easy to difficult and had a good experience overall. XTB Limited sends all trades automatically to its parent company X-Trade Brokers DM – their liquidity provider. Trades are executed automatically without any manual intervention from any dealing desk.
Traded Instruments
Founded in 2002 in Poland, XTB is an experienced broker in the industry. They have 12 offices in countries around the world and are well-regulated by the KNF, IFSC, DFSA, and FSCA. XTB offers low spreads from 0 pips as well as the ability to trade real stocks and CFDs.
- Some users said that they also use other brokers, but that XTB’s app is simply better, with flawless usability.
- If you invest in foreign ETFs, a currency conversion fee of 0.5% may apply.
- XTB trading is often commission-free, though a commission of $5 per lot traded is applied on Islamic account trading which is swap-free.
However, since it is not regulated by the CFTC, XTB cannot provide its services to citizens or residents of the United States. The latest news, articles, and resources, sent to your inbox weekly. A flexible ISA allows you to withdraw money and replace it within the same tax year without affecting your annual allowance.
Is XTB Regulated?
Note that XTB does not offer its services to residents of certain regions, such as the United States.
XTB is a great broker for traders who are just beginning to trade, and who want to learn more and hone their skills. The broker has a number of training resources on hand via the XTB trading academy. Traders who are more advanced can also benefit from XTB’s market news and analysis which traders can use when building their trades for the day. XTB, founded in 2002 and publicly traded on the Warsaw Stock Exchange, is a leading broker with over 500,000 active traders. In addition, it is regulated by major authorities like the FCA and KNF, and XTB prioritizes client security through account segregation and negative balance protection. Moreover, with its user-friendly xStation 5 platform and extensive educational resources, XTB effectively supports traders of all levels.
You can contact this broker via live xtb.com reviews chat, phone, or email and support is available 24 hours a day, five days a week. XTB is available in a number of different languages, including English, Polish, Arabic, and French. The site is very easy to navigate, both for members and non-members. Prospective clients can find all the information they need quickly, so they can make informed decisions about account types and banking methods.
The demo account always comes preloaded with virtual funds for practice purposes. The broker offers three different types of trading account for traders will different investment amounts and skill level. Traders can access 57 forex currency pairs, consisting of majors, minors and exotics.
Its commodities selection offers 27 assets such as gold, silver, oil, cocoa, coffee, sugar and wheat, to name a few. More than 1,900 stock CFDs are available, offering popular shares from global markets. Fractional shares are also available on publicly traded stocks or ETFs. Jay is a professional freelance writer with a long background in the financial markets. He actively manages trading accounts and write technical and fundamental market analyses. In addition, XTB offers its clients access to its own proprietary trading platform called xStation that they claim has a quick 85 millisecond average trade execution time.
