XTB Review: Broker is Completely Safe and Legitimate

XTB is recognized as a reliable multi-asset broker that provides exceptional client support, a comprehensive selection of Forex and CFDs, and an outstanding overall trading experience.

In 2022, XTB came in first place for Best Forex Broker for Beginners thanks to its extensive educational content and research, as well as the high quality of its xStation 5 trading interface.

Explore our in-depth XTB Review to learn about our impressions of XTB’s reliability as a worldwide Forex broker.

XTB Review: Is XTB.Com Broker Trustworthy?

XTB was established in 2002 and is currently operating as a global CFD broker with headquarters in both London and Warsaw.

The corporation is subject to oversight from a variety of governing bodies across the globe, including the highly regarded Financial Conduct Authority (FCA) in the United Kingdom.

Additionally, as a result of XTB’s listing on the Warsaw Stock Exchange, the company is obligated to make consistent disclosures of its financial status.

Because of its extensive history, listing on a stock exchange, and the openness with which it presents its financial statements, XTB is regarded as a secure investment company.

XTB Pros and Cons

In addition to being one of the top Forex Brokers in Poland, XTB is a trustworthy broker that operates under favorable regulatory conditions.

XTB has been in business for a number of years and offers advantageous conditions for the novice as well as professional traders.

These conditions include low fees and great support, which includes learning and research resources.

Both the desktop platform and the mobile app offered by XTB come loaded with various trading tools, making them suitable for day trading and trading CFDs.

On the contrary, assistance is not available at all hours of the day, and terms may change based on local regulations.

How Are You Protected at XTB Broker?

At XTB Limited, the security of client funds is of the utmost importance. As a result, all client funds are kept in a separate account at all times, and compliance with regulatory requirements is reviewed on a regular basis by the FCA.

Furthermore, client funds are protected by the Financial Services Compensation Scheme (FSCS) up to a limit of £50,000 per individual in the extremely unlikely event that the company goes bankrupt.

Even if XTB provides services to additional organizations in the offshore zone of Belize, we believe that this broker provides a secure environment for trading due to the standards it has set up for its establishment.

Despite the fact that only offshore companies should be avoided owing to the high likelihood that they are scams.

In light of this, we’ll provide some examples of scam brokers.

• SagaTrade: Since SagaTrade is not regulated, there is no assurance regarding the security of your funds.
• TriumphFX: Steer clear of this unlicensed broker if you value your investment capital.
• Kiplar: Beware, they’re an unregulated broker, so dealing with them is dangerous.

Account Types Offered

You can only select the Standard account, which is the only account type available by default.

A Swap-free/Islamic account is also available for account openings made from outside of Europe. Swap fees are not charged on these accounts as they conform to Islamic law.

Furthermore, it shouldn’t take you more than 15 to 20 minutes of your time to register an account with XTB because of how simple and basic the process is.

Deposit and Withdrawal Procedure

You can deposit money into your trading account using a variety of methods, including the most widely used and safe ones. This makes money transfers simple.

However, you should always double-check with customer support to make sure the conditions and procedures are appropriate, as regulations can have varying requirements.

Although XTB does not mandate a minimum deposit, aggressive traders and PRO accounts may need a larger balance to fulfill margin requirements.

Depending on the nation of residence, XTB has a minimum withdrawal threshold of between $50 and $200 before any withdrawal fees are applied. In addition, a bank wire transfer is the sole withdrawal option.

XTB Trading Platforms Available

XTB provides its very own platform, xStation5, which is also available in a mobile form. Multiple accolades have been bestowed upon it as recognition for its excellence in areas such as complete trade transparency, real-time commentary, lightning-fast execution rates, and a comprehensive charting package.

Web Platform

The software is highly adaptable and lightning-quick, with features including sophisticated charting, trader statistics, bulk order closing, traders’ chat, and progressive technical analysis.

While the Web Platform may be accessed from any browser, it is important to keep in mind that it lacks the stability and abundance of features found in desktop platforms.

Mobile Platform

You can now quickly and easily tap into the global financial markets. xStation on your phone now lets you switch between a light and dark theme, allowing you to save power without sacrificing readability.

The mobile app provides access to all of the features of the desktop version, allowing you to trade and manage your investments with ease. They’ve got an app for both Apple and Google’s platforms.

Desktop Platform

A desktop platform with all the settings, including watch lists and workspaces, that can be accessed from a desktop, smartphone, laptop, tablet, and even a wristwatch, is thus necessary for day trading and professional traders.

There is also the helpful Market sentiment feature on the XTB platform, which shows the current selling or purchasing trend of each market, and the Top mover feature, which shows which markets are gaining or losing.

Market Products You Can Trade

CFDs can be traded on 1,901 stocks, 150 ETFs, 27 commodities, 36 indices, 49 cryptocurrencies, and 57 Forex pairings through XTB’s platform, which is available to traders.

In addition, as part of its supply of securities, XTB makes over 7,800 cash equities (non-leveraged) and 150 ETFs available to investors (though these are not available from its U.K. or Cyprus branches).

Trading cryptocurrencies can be done at XTB using contracts for difference (CFDs) as well as trading the underlying asset itself (e.g. buying Bitcoin).

Note that retail traders in the United Kingdom cannot access crypto contracts for difference (CFDs) offered by any broker operating in the country, nor can residents of the United Kingdom (except for professional clients).

Research and Education

With high-quality analysis from both in-house and external sources, XTB’s research content is on par with the best in the business.

However, XTB does not have quite the same international presence in other languages as some of the finest brokers in this area and does not produce as many daily English articles and videos.

XTB’s Premium Research service makes up for the lack of Trading Central and Authochartist by providing its own unique trading tactics.

XTB is a news aggregator that provides real-time headlines from reputable outlets, as well as an economic calendar, market mood data, and other research tools.

In addition to weekly video webinars on YouTube, XTB also publishes written pieces from its employees in Polish, German, and Italian, among the other supported languages.

The educational components of XTB’s platform package and website are generally well-implemented. The only issue is that the platform and YouTube channel don’t centrally house all of the videos.

You can browse the many resources XTB offers in its “Learn To Trade” area according to your interests or level of expertise.

The Trading Academy at XTB is a comprehensive resource with over two hundred classes, updated frequently asked questions and platform tutorials, financial market knowledge, and premium content for active traders.

Final Words

As a multi-asset broker, XTB offers a diverse selection of assets and is regulated in a number of key financial hubs. So it is often regarded as a trustworthy choice.

The broker’s strong platform and products to the customers have got high marks and esteem from the customers. One of XTB’s primary goals is to foster long-lasting partnerships with highly active traders like yourself, thus joining the company’s clientele is a win-win situation.

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