XTB is one of the leading online forex brokers for traders with over 20 years of experience. This platform is trying to bring users the best experience through many forms, such as diversifying XTB account types for all audiences. To better understand the characteristics and properties of the XTB Account, let’s look at the XForex article.
What types of XTB accounts does XTB offer to users?
Previously, when XTB first launched the community of people investing and trading foreign exchange. The exchange only provides one type of account for all customers. However, after more than 20 years of efforts to improve and develop, XTB has added another type of account for traders. Each type has its unique characteristics, suitable for each specific investment strategy. To know more, readers can refer to the XTB review information below.
XTB real account
XTB only provides users with one type of real account called Standard XTB. The Standard account is an account with the earliest starting point among the XTB account types. Standard is said to be the XTB account type suitable for all types of traders. Because of the outstanding features it brings such as:
- The minimum deposit amount is only 1$.
- Provides leverage for Standard accounts up to 1:500.
- No commission, minimum spread 0.35 pip.
- Transaction and account opening fees are completely free.
- The minimum order opening level is 0.01 lot.
XTB Demo Account
In addition, the exchange also has an additional type of Demo account – the only account with no fees when using and trading on XTB. The XTB demo account is a type of virtual account, that provides users with a simulated trading environment. However, it fully converges the elements of a real trading environment. Thanks to that, XTB traders can freely test and get acquainted with tools and indicators without having to worry about financial risks.
In particular, this type of account is provided completely free of charge to users. Even the XTB demo does not set a time limit for use. Therefore, traders can apply it to practice their skills, as well as improve their strategies.
>>>See more: Simple instructions for XTB sign up on your phone
What are the similarities and differences between XTB account types?
If you are wondering which account type to choose for yourself, please refer to the information table comparing the two account types below for more useful information.
Compare Standard and Demo accounts on XTB
Comparison table of Standard and Demo accounts on XTB:
Comparison criteria | Standard account | Demo Account |
| Suitable subject | All types of investors | All investors want to get acquainted and experiment without capital |
| Nature | Real money (Can be deposited or withdrawn) | Virtual currency (Cannot be deposited or withdrawn) |
| Order matching | Market order matching | Instant order matching like the real market |
| Types of trading products | Forex, commodities, CFDs, indices, cryptocurrencies, ETF CFDs | Forex, commodities, CFDs, indices, cryptocurrencies, ETF CFDs |
| Spread | 0.35 pip | From just 0.35 pips |
| Maximum leverage | 1:500 | 1:500 |
| Fees | Have | Do not have |
| Expiry date | Unlimited | Limited |
Looking at the comparison table, readers can surely better understand the characteristics of these two types of accounts. So how do you know which account type is right for you? Will it bring me the best trading results? Please continue reading the content below for more details.
Which type of XTB account is right for you?
As mentioned above, each type of XTB account has its own characteristics suitable for all different strategies and objects. Let’s see among XTB’s account types, which is the best choice for you.
XTB account for new, less experienced players
New investors with little experience can refer to two options: an XTB Demo account and a Standard XTB account. For a Demo account, you will not need to invest capital when trading. However, it also does not bring profit to users. And is only suitable for use for testing or skill training purposes. Because the money the exchange gives you is only a virtual currency that cannot pay for transaction operations in the real environment.
As for the Standard account, you will experience variable spreads and trade with your capital to profit. In particular, this type of account does not require a minimum deposit amount and does not charge commissions. Therefore, the level of risk it brings is extremely low, suitable for those who do not have much financial experience.
The account type has the lowest risk level on XTB
All XTB account types have a certain level of trading risk. To be able to manage capital effectively while still being able to develop real combat skills. Then the XTB demo account is the smartest choice for you.
Another difference with XTB is that it does not offer a Pro account type. This is considered a high-risk account and is only suitable for experienced traders. So when sorting by increasing risk level, if you want to make a little more profit, you can choose Standard XTB.
>>>See more: The information about XTB makes many people excited
How to create an XTB account to receive bonuses quickly
After choosing a suitable XTB account type. The next thing you need to do is create an XTB account for convenient and quick trading. Below are detailed instructions for creating an XTB account:
- Step 1: Visit the official homepage of XTB and select Register a $150 bonus account: https://www.xtb.com
- Step 2: Provide Email and select country => Check the box “Agree to terms” => Select “Next”.
- Step 3: Set up a password for your XTB account => Click “Next”.
- Step 4: Fill in personal information according to XTB’s registration requirements => Select “Next”.
- Step 5: Choose the appropriate account and trading platform on XTB.
- Step 6: Ask to answer some questions from XTB to optimize the appropriate portfolio.
- Step 7: Verify your account, then log in to XTB and start trading.
Summary
So through the article on XForex , we have provided the most useful information about XTB account types. Hopefully, this will help readers more easily decide which account to open is most suitable for them.
FAQ
Where can XTB accounts be opened?
Currently, XTB users can create XTB accounts on smart devices such as PCs or mobile phones through the exchange’s official website.
How many account types does XTB provide for users?
XTB currently offers users two types of accounts: Standard account and Demo account
Where to create an XTB account to receive a $150 bonus?
Please click on this registration link and follow the process: https://www.xtb.com. With just a few steps you can receive a bonus from the exchange up to $150.
