XTB is an international Forex / CFD broker, that is licensed and regulated by the KNF, CySEC and FCA. They are one of the large online brokers, with 274,450 active traders in Q2 2023.
For complaints or withdrawal problems, read this.
XTB Broker Review
The main reason why anyone would trade with XTB has just been confirmed!
They announced that Conor McGregor is their brand ambassador. Since everyone knows that Conor is the best person to follow for investing advice and trading ideas, everyone should run and start trading with them. (just a little sarcasm)
Our objective review of XTB shows us, that they are providing their investors and day traders with hundreds of underlying assets to trade. Available assets include; Forex Pairs, Crypto Currencies, Market Indexes, Stocks, Precious Metals, Oil, Natural Gas, Global Stocks, and ETFs.
In addition to MetaTrader4, their bespoke trading platform called xStation 5, is very easy to use. As you can see in the screenshot below, the web based version of xStation is user friendly, and we played around with the free demo. The xStation software has a mobile trading app, for both Android and iOS devices.
Placing an order is very simple, and with one click your order is live. Make sure to tryout demo trading, before your go live, so that you are accustom to the software.
Two account types are offered, with the main difference between them being; Spreads and Commissions. Each trader will determine based on their trading style which account type is best for them. Maximum leverage (margin) is 30:1 in accordance with European regulations. Professional traders can apply to increased margin rates.
Is XTB a Legit Broker?
Yes, they are licensed and regulated in many countries, by the government financial regulators.
On Scam Broker Investigator, you can find reviews of more than 900 brokers and trading apps. Before investing, you must verify that the brokerage firm in fact has a valid license in your country. The reason smart people online invest with a licensed broker, is because there are many investment scams online.
By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the government regulators.
- X-Trade Brokers DM SA is the parent company of XTB, and they are licensed by the Komisja Nadzoru Finansowego (KNF) in Poland. This license is then used to register in other countries like Germany and Spain.
- XTB Limited is licensed and regulated by the FCA (Financial Conduct Authority) in England. Their FCA license number is 522157, and they have been licensed since 2010. Address is: Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom.
- XTB Limited is also licensed in Cyprus by CySEC (the Cyprus Securities and Exchange Commission) and their license number is 169/12.
Compare Popular Brokers
When comparing the CFD and Forex brokers, it is always important to check that your broker is actually licensed to operate in your country. There are many brokers to choose from, but ultimately, traders only use legitimate brokers with a license.
You can see popular CFD brokers, listed here.
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