If you're into investing, you have probably heard about XTB. It is one of the popular investment platforms and brokers. Thus, you probably have heard about it as you go on researching for the best ones. As you go on further, you may want to learn more about it. If so, read on.
If you want to consider this firm for your investments, XTB can be an excellent choice for you. However, you may want to learn more about it.
In this article, we'll cover an in-depth take on XTB. This way, you can grasp and see if this company suits your investing goals and preferences.
Without further ado, let's get into it!
What is XTB?
XTB is a well-known broker chosen by traders who want to minimize their investment costs.
This broker offers maximum leverage of up to 500:1 for non-U.K. accounts while U.K. accounts get up to 30:1 leverage. It emphasizes customer support for its clients.
Further, it offers relevant educational tools and research amenities that beginners would find useful.
One of the investment websites rated XTB as the best Forex Broker for Low Costs. For these reasons, it would be a great idea to consider XTB in your choices.
What can you buy with XTB?
XTB has a variety of products to offer under its pool. If you're a beginner investor, you may get these investment products in the firm:
- Stock CFDs
- ETF CFDs
If you're interested in ETFs, XTB has fantastic offers you can consider. Here's how you can buy ETFs on the firm.
How to buy ETFs on XTB?
If you plan on buying ETFs, you can do it on XTB by creating an account through their website.
You can access their website at this link, and it will take you to the ETF section. As you access the site, you can click on the create an XTB Account, and it will guide you through your account setup.
XTB boasts of its superior execution on a reliable and award-winning platform. Thus, they are one of the largest brokers.
Is XTB a good broker?
If you're interested in XTB, you can consider it as a good broker for many reasons.
For instance, the firm offers the lowest FX spreads, and the FCA of the U.K also regulates it.
The firm also boasts of its protection for client accounts and emphasizes its customer service.
Of course, like other firms, it would be best to do further research on it before placing your assets.
Is XTB good for beginners?
The company boasts of its easy-to-use platforms that would suits both beginners and experienced traders.
Further, XTB offers total trade transparency, real-time market commentary, and live performance statistics. Lastly, it offers the most comprehensive charting package available.
Thus, it's easy to see why it's the best platform in 2016 by online personal wealth awards.
Is XTB a discount broker?
XTB is not a discount broker. A discount brokerage is a business that allows clients to buy and sell securities. However, it does not provide advice, research, planning, or other investment services.
Those who use discount brokerages have little to no interaction with a real broker. Thus, discount brokerages charge lower fees.
How much money do you need to open an XTB brokerage account?
XTB states that opening an account is always free of charge. Thus, you can create an account on XTB without paying anything.
However, you will always need to place funds before you start doing something with your account.
XTB offers benefits such as no minimum deposit, user-friendly, and fast platform for users.
Does XTB have hidden fees?
One thing to note is that XTB has average non-trading fees. While they may not charge you for an account and deposit fee, they may charge you for withdrawals in less than $100.
How does XTB make money?
XTB makes money through real stock and ETF fees. Of course, these are volume-based fees, but a minimum fee also applies.
In general, XTB charges a 0.5% conversion fee whenever you trade an asset in a currency different from your account.
How to withdraw money from XTB?
If you want to withdraw your funds, you can log in to their website or app and click on the withdraw tab.
You can manage your withdrawals on their platforms efficiently. It's handy, especially if you have various trading accounts with different fund sizes.
Who owns XTB?
XTB (X-Trade Brokers) is under the ownership of XXZW Investment Group SA.
This firm runs with the authorization of the Polish Securities and Exchange Commission.
Further, it is supervised by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego).
What bank does XTB use?
Founded in 2002, XTB is publicly-traded and regulated in one tier-1 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs. XTB's xStation platform suite provides excellent usability alongside a robust selection of trading tools, research, and advanced features.
XTB User Reviews
XTB Broker is an excellent opportunity for investments. Here's an overview of the reviews in TrustPilot. Out of 330 reviews, the company earns this review:
- 67% says it's excellent
- 18% says it's great
- 2% says it's average
- 2% says it's poor
- 12% says it's bad
Of course, it will only go as far as the reviews. Since many people have said so, it offers quite a reassurance.
Still, as always, personal and in-depth research wouldn't hurt you. For this reason, it would be best not to get involved unless you know your way around it.
XTB Broker is a great firm you can count on to manage your investment needs. Moreover, they boast of their outstanding performance and their large assets under management.
As always, it would be best to research your own and consider what other people say about the company. This way, you'll get to understand it more and know your way in it before you place your hard-earned money.
Isn't XTB right for you? Check its best alternatives.