wpauserhW8w3wjRWhat is XTB? Basic information about XTB floor
- Year of establishment: 2002
- Licensing regulatory agencies: FCA (UK), CySec (Cyprus), KNF (Poland), IFSC (Belize)
- Minimum deposit: 1 USD
- Maximum leverage : 1:500
- Software used: MT4 and xStation
XTB is an online brokerage company that trades Forex and CFDs , more specifically offering products such as Forex, indices, commodities, stock CFDs, ETFs and even cryptocurrency trading. Established in 2002, X-Trade Brokers (XTB) has been in operation for more than 16 years and has become a famous online trading platform. They were listed on the Warsaw Stock Exchange in 2016 after a successful initial public offering that valued the company at nearly $350 million. The fact that a broker in the foreign exchange market is listed on the stock market is not a simple thing, it shows the clarity as well as the vision and growth of XTB. This helps XTB build great trust with its customers and speculators.
Some of XTB's other prestigious awards are awarded by reputable companies around the world such as: Best Broker in Poland (awarded by Forbes), Best Product (awarded by Fxcuffs 2017), Best Broker Best CFD broker (awarded by Brokerchooser), Best Broker in Europe (awarded by Global Banking and Finance review) and many other awards.
Certificates and operating licenses of XTB floor
Operating license is one of the most basic points to evaluate whether a forex trading floor is reputable or not.
Why this point is important is because when the floor is licensed by a certain regulatory agency, the floor is required to comply with all rules set by this agency to limit fraud and pickpocketing. client. In addition, each management agency will have different requirements, so the larger the agency, the more stringent the requirements will be. Therefore, a forex floor licensed by organizations such as ASIC, FCA, BaFin or CySEC will ensure a certain level of reputation of the floor, helping traders feel more secure in trading.
XTB is currently the world's largest listed Forex & CFD broker. XTB is regulated by the world's largest financial regulators including the FCA.
In addition, XTB is also licensed to operate by many large financial institutions from many countries around the world. From this, it can be confirmed how reputable the XTB floor is. Some organizations such as:
- Financial Conduct Authority (FCA) UK
- Cyprus Securities and Exchange Commission – CySEC
- Financial Supervision Authority (KNF)
- International Financial Services Commission – IFSC
The list of certifications above is enough to prove that XTB is currently a transparent, clear and trustworthy exchange.
How will these licenses protect traders' interests?
Separate account mechanism
The customer's personal account is completely separate from the company account and is only used for the purpose requested by the customer. XTB will not use the customer's account for any other activities.
Compensation mechanism for customers
The compensation mechanism is a policy applied to traders trading on the XTB floor. However, the content and payment methods are different for each item:
- In the UK: register with XTB UK which is regulated by the Financial Conduct Authority – FCA. Customers will enjoy a compensation policy of up to £85,000.
- In the European region: register with X-Trade regulated by KNF. Customers will enjoy a compensation policy of up to 20,000 Euro.
- In Italy, Cyprus, Hungary registered with XTB CY regulated by CySEC. Customers will enjoy a compensation policy of up to 20,000 Euro.
Trading accounts and products are provided by XTB
Standard account
XTB is currently dividing Standard accounts into 3 account types including: Standard A, Standard B and Standard. All three accounts differ in spread level and are ranked from high to low based on the spread index.
General information of Standard account:
- Minimum deposit: $1
- Maximum leverage: 1:500
- Spread Type: Floating
- Spread from (pips): 0.35 pips
- Commission: No
- Minimum volume: 0.01 lot
Pro Account
True to its name, the Pro account is most suitable for professional and experienced investors who have been in the market for a long time and have a large amount of capital.
General information of Pro account:
- Minimum deposit amount: $1
- Maximum leverage: 1:500
- Spread Type: Floating
- Spread from (pip): 0.1 pip
- Commission: 7$
- Minimum volume: 0.1 lot
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Products are provided by XTB floor
XTB offers a wide variety of trading products on the floor. The most prominent of which are stock CFDs. Products traded on XTB exchange.
- Forex: 49 currency pairs. Leverage is up to 1:500 and there is no minimum deposit
- Indices: 42 global indices such as US30 , DE30, AUS200,… Most have no Swap loss , 1:200 leverage and allow both buy and sell orders.
- Cryptocurrencies: 25 crypto products.
- Stock CFDs: 1700 stocks, leverage up to 1:10 and trading costs from only 1.08%
- Commercial products: You can find a number of commodities such as gold, silver, oil, sugar, coffee,… with the most competitive Speed in the market, leverage up to 1:200 and no overnight fees.
- ETF CFDs: More than 100 ETFs are offered with leverage of 1:10 and extremely low trading costs.
Leverage, commissions, overnight fees and spreads on XTB platform
Lever
Leverage at XTB can be up to 1:500, however depending on the type of product there will be different leverage levels such as:
- Forex currency maximum leverage 1:500.
- For stock indexes, leverage can be up to 1:200 for popular codes, for less popular codes, the maximum leverage will be 1:66.7.
- For commodities such as soybeans, coffee, sugar,… leverage can be up to 1:333.3, for gold the maximum leverage will be 1:500.
- CFD stocks with maximum leverage of 1:20.
- Types of CFD ETFs with maximum leverage of 1:5.
- Cryptocurrency maximum leverage 1:5.
Spread, commission fee of XTB floor
With the removal of the Pro account, the XTB exchange now does not charge commission fees on the Standard account.
The three types of trading accounts Standard A, Standard B and Standard C will mainly differ in spread levels. But after some changes in Spread fees to better reach traders, now XTB's Spread fees are very comfortable.
In particular, one advantage that cannot be ignored is the FREE overnight swap (swap fee) for gold trading.
This is really a very attractive point for those who only trade or want to hold long-term orders, because on many other exchanges the overnight fee for Gold is usually from 3 USD/lot (for Buy orders), so if you hold an order for For about 30 days, you will lose a large amount of money.
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XTB trading platform
The investment in a separate and unique trading platform is a big plus for XTB. Thanks to this, XTB was honored to achieve the Online Personal Wealth Awards for the “Best Trading Platform of the Year” category in 2016.
xStation platform
The xStation trading platform currently provides and supports up to 19 languages, including Vietnamese. Supported on many devices whether desktop or mobile. The interface of the xStation Platform is attractive, professional and modern. Thereby increasing the user experience. Not only is it beautiful, but the interface is also very smooth and quiet.
xStation is exclusive software developed by XTB itself. This platform has many outstanding features that MT4 cannot have. Advantages of xStation platform:
- Allows you to choose from a full range of products
- Learn investment experience on integrated available resources
- Easily watch knowledge training videos right on xStation
- Manage personal accounts, including deposits and withdrawals
- Supports quick reference to news and market analysis
- Integrates many analytical and statistical tools
- Manage complete and detailed transaction history such as number of orders, profit amount, drawdown index
- Closing orders is quick and easy.
- Compatible on many operating systems and devices: Web browsers, Macbooks, Windows, tablets,…
MetaTrader 4 platform
MetaTrader 4 is still applicable on XTB because it is very popular in the forex sector. However, there is an important note for you: when trading with MetaTrader 4, you can only select Forex products (foreign currencies), commodities (commodities), and indices (indices). never mind. In addition, to say which one to use, we still recommend that you choose the xStation platform because this is the most dedicated, specialized and professional design for XTB.
Collection of all the most reputable Forex floors chosen by many Vietnamese Traders.
Forms of deposit and withdrawal on XTB
Recharge
Currently, there are deposit methods you can choose from as follows:
- Ngan Luong (free deposit fee)
- Visa (free deposit fee)
- Skrill (2% fee)
- Neteller (2% fee)
- Bank transfer (fees according to regulations)
There are two ways to deposit money:
- Method 01: Log in to the account management area on the XTB website to deposit money
- Method 02: Deposit money via xStation.
Withdraw money
XTB is an exchange that only allows traders to withdraw money to the owner's bank account. XTB floor does not limit the number of deposits and withdrawals per day.
Support and customer care services of XTB floor
XTB currently has an extremely professional customer care team. Once you complete your registration information, you will receive an email from your account manager. So if you have any problems, you can email this support staff directly, they will help you solve all the questions or problems you are having.
Please leave your information if you have questions or encounter difficulties:
- Address
- Phone number
Support time is 24/5 to answer questions and help you solve problems. Livechat consultation form for quick support
