XTB Account Opening | How to Open XTB Account

Pros

Cons

  • Fast account opening within 1 day
  • Fully Digital
  • No minimum deposit
  • Islamic account option
  • Lacks two-step verification logging in method

XTB or X-trade Broker is one of the best forex and CFD brokers with more than 250,000 users around the world. It was founded in Poland, in 2002 and regulated by different financial authorities including the top-tier UK Financial Conduct Authority (FCA).

Countries Available

XTB provides an account for European clients and from different countries all over the world. A special note here is that you cannot open an XTB account if you’re from the US.

XTB countries list

Min Deposit

For individuals, the min deposit is 0$ and you can deposit the amount you want,but the min deposit for corporates is relatively high of £15,000.

Account Types

XTB provides 2 types of accounts with different features:

The standard account:

Pros: no commissions Cons: wider spreads

The Pro account:

Pros: tighter spreads Cons: there’s a commission

In addition to the previous account types, you can open an islamic account that follows the islamic rules by providing an evidence that you line in a muslim country.

XTB – Account comparison

 

Pro

Standard

Spread

tight

high

Commissions

Yes

No

Min deposit

(base currency)

250

0

Best for

Trading with higher volumes

Trading with low volumes

Active trader discount

Yes

Yes

XTB also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

There’s an option to join the XTB affiliate partner program if you want as well.

How to Open XTB Account

You can open an XTB account in minutes through these steps:

  1. Enter your email address and your country of residence.
  2. Add some personal information.
  3. Select trading platform, count type, and base currency.
  4. Answer some questions regarding your financial status, employment status, and trading experience.
  5. Activate your account by verifying your identity and residence.

Notes:

  • Due also to the requirements of the regulatory bodies that supervise XTB, it is necessary that in order to operate with your account you send them a proof that proves your identity and another proof that proves your current address :
  • Identity document : You must send a copy of your ID, your passport or driving license . It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise it may give you problems to verify it.
  • Proof of address : This is to send a document that shows your current address . You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.
  • You can verify your identity through video or by uploading a scanned copy of your ID, passport, or driver license.
  • For a residence proof, you can use utility bills or bank statements.

XTB Account Opening | How to Open XTB Account

XTB – Account opening

Common FAQs :

  1. Does XTB allow bot trading?
  • No, XTB does not allow bot trading on their platform.
  1. Does XTB give a bonus?
  • Yes, it gives up to 50% of your first as a bonus if the following conditions applied:

1- Bonus is given for some new clients who are non EU/UK.

2- You’re allowed to get a bonus if you trade with a minimum of 15% of your first deposit.

3- Your first deposit should be at least 100 USD.

  1. Does XTB provide active trader discounts?
  • Yes, XTB will rebate a portion of the spread (from 5% to 30%) back to them when they reach certain volume thresholds.
  1. Does XTB allow scalping?
  • Yes, it allows scalping through their platform xStation 5 and the third party trading platform MT4.

XTB Offering of Investments



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