XTB Review

Ranking

#8

Minimum Deposit:

$250

Max Leverage:

1:30

Phone : +44 2036953085

Overview

XM.com is located in Limassol, Cyprus and is always at the top of variousranking. They were found in 2009 and have grown into a global industrialgiant with more than 3.5 million customers.

Account Types

Micro accounts: are a perfect for beginner traders, who doesn’t want to risk a lot of money. It has minimal deposit of 5$ and 100 Lot restricted contract size, with 1 Lot being 1,000. This account type is also commission free and costs are only the spreads.

Trading Platform

XM.com does not have their own trading platform; instead, they use Meta-Trader. On the one hand, MT4 and MT5 are the most popular platforms in the world, on the other – an outdated design and the absenceof price warnings. However, the intuitive interface and access to programming make Meta-Trader very popular.

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  • Max levarge – 1:30
  • Minimum deposit – $250
  • Spreads From – Spreads From – 0.1 PIPS

Overview:

The Exness Group was founded in 2008 and now holds top positions in various ratings. Exness has created the most convenient service. They provide professional customer support, quickly complete deposits and withdrawals with different payment options. Since 2010 Exness increased their trading volume from $88.1 billion till $3224.0 billion in 2017. Also, Exness sponsors Real Madrid football team.X-Trade company was founded in Poland in 2002 and in 2004 they merged into XTB. Now XTB is the largest stock exchange-listed FX & CFD brokers in the world. They are present in over 13 countries including UK, Poland, Germany, France and Turkey and are regulated by the Financial Conduct Authority, Polish Financial Supervision Authority (KNF), and CMB.

Account Types:

XTB provides two account types: ‘Standard account’ with access to Forex, Commodities, Indices, Cryptos, Stock CFDs and ETF CFDs. The minimum spread is 0.35 PIPs and no commission for forex and cryptocurrencies. Stock CFDs and ETF CFDs will be commissioned from 0.08% per lot. Second account type is ‘Pro account’ with 0.28 PIPs spread, from 3.00 GBP commission per lot for Forex, Indices, Commodities and from 3.00 GBP for Cryptocurrencies.

Trading Platform:

XTB has their own custom award-winning trading platform xStation. It is very easy to operate; it has user friendly interface and professional design. Addition to desktop there are also a web browser version available. It is fully compatible with major browsers like Chrome, Firefox, Safari and Opera. Mobile version is suitable for iPhone and Android. XTB also provides Meta Trader 4. It is one of the most popular trading platforms in the world and is used by most forex brokers. The advantages of MT4 are that it is very easy to use and allows you to access custom scripts. There is also a mobile application and a web browser version. However, there are some disadvantages. Meta Trader has a very outdated user interface.

Deposit & Withdraws:

XTB offers the possibility of depositing funds to your trading account in several ways, including bank transfers, credit and debit cards, Paypal, and Paysafe (formerly known as Skrill). Minimal first deposit is $250, after that smaller deposits are possible. Under $100 there is $20 fee, however there are no withdrawal fees over $100. The only option to withdraw is via Bank transfer.

Markets:

Exness is a purely forex broker and provides access to 38 highly liquid currency pairs that can be traded 24 hours a day, 5 days a week.There are multiple trading instruments available at XTB. Such as 48 majors, crosses and exotics currency pairs, over 20 global indices CFDs, popular commodities CFDs with 1:20 leverage, 1,500+ global stock CFDs, 80+ exchange traded funds CFDs with up to 1:5 leverage, and cryptocurrencies such as Bitcoin, Dash, Litecoin, Ethereum, Ripple and more.

Customer Support:

Support is available in many languages and around the clock 5 days a week. XTB live chat response is quick and provides valuable information. The company also gives direct telephone and email support in multiple languages. For customers from outside of Europe, XTB has 24/7 customer support.

Safety:

XTB is regulated by several top-tier financial authorities globally including UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Polish Financial Supervision Authority (KNF). XTB holds all clients’ funds in a fully segregated account and they are not mixed with the company’s’ own funds. Client are also protected under the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.

Final Thoughts:

XTB is a great CFD and forex broker. It is highly regulated by several top-tier financial authorities globally and it is listed on the Warsaw Stock Exchange. Main company advantage is low fees for CFDs and Forex, as well as commission-free deposits and withdrawal. On the other hand, the stock CFD commissions are quite high.