If you’re looking for a regulated international CFD broker, XTB is a good choice. It offers a wide range of financial instruments and assets, including ETFs, stocks, currencies, sector indices, and commodities. This online broker is licensed by the UK’s Financial Conduct Authority and is based in Poland. However, it is not permitted to operate in the United States.
Traders who have high balances can qualify for cashback rebates. In addition, the XTB broker accepts debit and credit cards, and e-wallets such as PayPal and Skrill. To open an account, you’ll need to provide basic information such as your name, date of birth, and address. You’ll also be asked to verify your identity via an online form. The account registration process is easy and straightforward, and the account’s maintenance is free. XTB offers one-on-one mentoring to help novice traders get started.
XTB’s trading platform provides access to more than 2100 financial instruments. Using a combination of advanced technology and analysis techniques, XTB can support both beginner and experienced traders. There are also several tools for risk management. Additionally, XTB has a unique research board that allows traders to combine fundamental and technical analysis.
XTB is a highly regulated online brokerage that is listed on the Warsaw Stock Exchange. Client funds are segregated and held in separate accounts from operating capital. This provides maximum protection for traders. For example, in the event of insolvency, account holders can claim up to PS50,000.
XTB uses a proprietary, award-winning platform called xStation 5 to allow clients to trade on a variety of markets. The platform is available on computers, smartphones, and tablets. Mobile applications offer streaming news feeds and complex order types. Besides offering a wealth of trading tools, xStation 5 won awards for its fast execution speeds.
Traders with an XTB account can make withdrawals within a day. In addition, they can choose to deposit their money through a bank transfer or a third-party payment processor. XTB supports a wide variety of payment methods, including major credit cards, Neteller, Paysafe, and Skrill. Withdrawals can be made from a user’s dashboard, or directly from the XTB platform. Depending on the method, a withdrawal fee may be charged.
XTB is a popular choice for retail FX traders, thanks to its competitive spreads. The broker accepts USD, EUR, and GBP as base currencies. When trading in these currencies, a 0.5 pips spread is offered for Standard and Pro accounts, while the spread for Basic accounts is 0.1 pips. Further, XTB’s platform is renowned for its transparency in fees, with each trade displayed clearly. As a result, traders are aware of their own trading costs before they begin trading.
XTB has a long history of delivering strong, responsive customer service. The company offers 24-hour telephone, live chat, and email support. Customer service is also provided via a dedicated account manager. Users can take advantage of a rebate program that gives them a rebate for each lot traded.
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In accordance with the requirements set by the European Securities and Markets Authority (ESMA), trading with binary and digital options is only available to customers categorized as professional clients.
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