XTB Pros & Cons | Get Information at a Glance

Introduction

XTB is one of the best FX and CFD brokers out there. With more than 15 years of experience in trading, XTB becomes suitable for a lot of users whether they’re beginners, intermediate, or even professionals.

In this article we’re addressing the main pros and cons of XTB in each broker aspect.

XTB

Pros

Cons

Safety

– Regulated by FCA, CySEC, KNF, CNMV, IFSC

– Has a client protection

– Has a long track record since 2002

– More than 250,000 users

– Listed in stock exchange

– Has account safety options like stop loss, price alerts, and negative balance protection

– Does not have a banking license

– The XTB account does not have a two-step verification

Offering of Investments

– Forex and CFD trading

– Cryptocurrencies trading

– Real stocks and ETF trading for some European clients

– Bonds, mutual funds, social trading,

options and futures are not available

Account Opening

– Has standard, pro, and islamic account options

– Fast account opening within 1 day

– Fully digital

– No minimum deposit

– Up to 50% bonus for starters

– Demo account

– Ability to join XTB affiliate account

– Lacks two-step verification logging in method

– Not available for residents in USA, India,

Japan, Australia, and some other countries

Fees and Commissions

– Low forex trading fees

– No deposit fees for bank transfers and credit cards

– No withdrawal fees for transfers above $100

– No account inactivity fee before 1 year of inactivity

– High CFD fees

– No account fees

– Has a 2% fee for electronic wallet deposit

Deposit & Withdrawal

– Supports 5 major account currencies

USD, EUR, GBP, HUF, and PLN

– Supports depositing with credit cards, bank transfers,

and electronic wallets.

– Min deposit is $0

– Min withdrawal with no fee is

$100 / €80 / £60 / HUF 12.000

– Does not support withdrawal using credit cards or

electronic wallets.

– Depositing using electronic wallets has a 2% fee

Platforms and Languages

– Available for Web / Windows / Mac / Android / IOS

– Compatible with MT4 and mirror trader platforms

– User friendly

– Supports +15 languages including English, German,

and Arabic

– Good search capabilities

– Clear fee reports

– Different notification options

– Fingerprint security option for mobile devices

– Lacks two-step verification

– Does not allow bot trading

– Not available for platforms like ZuluTrade, Sirix,

cTrader, PAMM, and MT5

Research Tools

– Research tools in xStation 5 and XTB website

– User friendly

– Charting option with +30 indicators

– Has a market sentiment analysis and heat maps

– Stock scanner and ETF scanner

– Recommendations, market, and data in the newsfeed

– Different languages options including English and Arabic

– interactive charts

– Lacks fundamental data

– Hard to find trading ideas

Customer Service

– Live chat

– Phone support

Email support

– Fast response time

– 24/7 support

– Supports major languages like English, German, Arabic, and more.

– None

Education

– Demo account

– Tutorial videos

– Live webinars

– Articles and textbooks

– Quizzes

– Different learning levels like

beginner, intermediate, and expert

– None

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.
  1. Does XTB have an islamic account option?
  • Yes, it has. You only have to provide an evidence that you live in a muslim country.

If you want more information, please check out XTB Full Review.

 



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