The appearance of XTB in the UK Forex market attracts the attention of many investors. Along with questions about safety and reputation. This Forex Trading article will give you an overview and XTB review. It helps you make informed investment decisions.
Learn about what XTB is in the Forex market
In this article, Forex Trading will give you an overview of the XTB trading platform.
Information about Forex XTB?
XTB, a name in the global financial technology sector, was born in Poland in 2002. XTB Trading Strategy has affirmed its position by providing fast and secure trading services.
The company is not only on the FT10000 list but also ranks second among the fastest-growing FinTech companies in Poland. At the same time, XTB’s trading strategy was also honored in the Top 1000 fastest-growing companies in Europe. This is based on a Financial Times poll in 2024.
XTB has gone far in building its brand in the field of stock brokerage. ETF on a global scale in recent years. However, in UK, XTB is still quite unfamiliar name to most investors.
See more: XTB: The most reputable and quality broker in UK
Main operating headquarters of XTB exchange
XTB Trading Strategies is part of the XTB Group, a management organization comprised of the following entities:
- X-Trade Brokers DM SA is registered and regulated by KNF of Poland
- XTB Limited is registered and regulated by the UK FCA
- XTB Sucursal, registered and regulated by Spain
Thanks to strict supervision from these international organizations, XTB’s trading strategy is committed to operating with transparency, credibility, and compliance with high standards, especially in financial management.
XTB review is based on the products
Based on XTB exchanges, it offers a variety of trading products for traders:
- Forex XTB Market: Trade 49 currency pairs with leverage up to 1:500. This transaction does not require a minimum deposit
- Indices: Trade more than 42 global indices such as US30, DE30, AUS200,… With free Swap for many indices and leverage up to 1:200
- Commodities: Trade products such as Gold, Silver, Crude Oil, Coffee,… With competitive spreads, leverage up to 1:200, and free Swap for many products
- Stock CFDs: XTB offers more than 1700 stock symbols including names such as Apple, Adidas, Amazon, Google, and eBay. With leverage up to 1:10 and low transaction costs of only 0.08%
- ETF CFDs: More than 100 ETFs traded with leverage up to 1:10. It has an extremely low trading price.
- Cryptocurrency (Crypto): XTB offers 25 cryptocurrency products. With the ability to trade 24/7 most days of the week
XTB review on trading platforms
XTB review is always one of the issues that traders are always concerned about.
Trading strategy with an account on XTB
XTB Trading Strategy offers 4 flexible account types to suit all trading needs:
- Demo Account: For new investors to practice their skills without worrying about losing capital
- Qualified Account: Popular with most traders when used. Aims to provide monthly cashback incentives
- Expert Account: Allows trading with higher leverage than usual. Use premium trading tools
- Islam Account: For users in Muslim countries, especially it does not charge overnight interest
Costs when trading Forex XTB
XTB uses a cost approach based on the difference between the purchase and sale price of the asset. It is known as premium. This cost varies depending on the type of asset traded on their platform. In this way, this review can help you understand XTB better and make your first decision with a strong and careful approach.
Deposit and withdrawal methods on XTB
XTB facilitates users with a variety of deposit methods. From bank transfers to using Visa and Mastercard debit or credit cards. As well as e-wallets such as Paypal, Paysafe, Skrill, Neteller, Paydoo, BlueCash, and many others methods.
Important information is that XTB does not charge fees for deposits via credit or debit cards. Only a maximum fee of 2% of the amount is applied if using an e-wallet.
Is Forex XTB really reputable?
Whether the XTB exchange is reputable is one of the issues that traders are always concerned about.
XTB review is based on operating licenses
XTB, a trusted exchange, has been licensed to operate by leading and reputable financial regulatory agencies globally, including:
- FSC (Financial Regulatory Commission in the British Virgin Islands)
- DFSA (Dubai Financial Services Commission)
See more: Prestige Broker XTB: Elevate position of invest player
Important awards when XTB reviewed
After more than 20 years of development, based on reviews, XTB has received many important awards, including:
- Award “Broker with best order execution” at the Technical Analysis Exhibition.
- “Top forex trading platform” award at Invest Cuffs.
- Awarded “Best Forex Trading Application” at Rankia Awards.
- “Best Low-Cost Forex Broker” Award at Investopedia.
- “Top NDD Forex Broker” award at Online Personal Wealth Awards.
XTB exchange customer protection policy
XTB is committed to not cheating and implementing the best possible customer protection measures, including:
- Segregation of fund assets: XTB commits that customer deposits will be completely segregated from the company’s general funds. This money will be kept in reputable Grade A bank accounts. Traders may not use it for any purpose other than trading.
- Investor Compensation: XTB maintains an insurance fund as required by the Investor Compensation Scheme (FSCS) members. Compensation can be up to 20,000 EUR with CySEC and 85,000 GBP with FCA.
- Insured Accounts: XTB offers an insurance package through LLOYD’S up to 1 million USD in case of bankruptcy risk. However, the condition is that customers must maintain a balance when trading over 20,000 USD.
- Information security: Customer data is encrypted with SSL technology and protected by a firewall. May not be trespassed or stolen from any unrelated party.
summary
According to the above XTB review, there are not too many major problems or significant negative impacts on service quality. Therefore, the conclusion that the XTB exchange is a scam currently does not have enough basis. Furthermore, XTB has received many positive reviews and feedback from the investor community. Therefore, Forex Trading recommends that you refer to and objectively evaluate this exchange for yourself.
FAQs:
Has XTB been involved in any lawsuits or scandals?
As of May 14, 2024, there is no information about XTB being involved in any litigation or scandal. The company operates normally and provides trading services to customers.
Is XTB’s trading platform easy to use?
Yes, XTB’s trading platform is considered easy to use. Because of its intuitive and easy-to-use interface, there are many technical analysis tools and effective trading support.
Does XTB provide customer support in the UK?
Yes, the XTB exchange supports customers in the UK. In addition, XTB also has a Support Center with many guidance articles and answers to questions in the UK.
