XTB has been around for a long time and is loved and trusted by traders around the world. However, when present in the market, there are still some newbies and ignorant users who are skeptical. They do not know is XTB legit and are afraid of being scammed when trading on this XForex . To know what kind of exchange XTB is, please follow the XTB broker review below.
Is it exchange review a scam or reputable and quality?
There are some rumors on social networks saying that XTB is a scam. Some people don’t believe it and some people believe it’s true. And to know whether XTB is reputable or a scam, please see the information we provide below.
Evaluate the XTB exchange on the Forex market
XTB was established in 2002 and has now been in operation for 21 years. It can be said that XTB is one of the oldest trading exchanges today. The initial name of XTB was X-Trade Broker. In 2004, the exchange merged into the XTB International Limited group. Since then, the exchange began to have more traders joining. On social networks, there are many experts and traders. The exchange also follows the development momentum, affirming its position in the competitive market.
To date, XTB has office systems in all countries such as England, France, Poland, Germany, Chile… Users anywhere can access, open accounts, and play XTB.
XTB broker review exchange about legal licenses
To evaluate whether the XTB exchange is reputable or not, we cannot ignore the license part. It is known that XTB is licensed to operate by a series of major financial institutions around the world. That license affirms the quality and reputation of the exchange. Specifically, XTB owns licenses from organizations such as FCA, CySEC, IFSCL, and KNF.
Based on the licenses that XTB receives from financial institutions. It can be seen that XTB is a Forex exchange that operates transparently and has clear origins. The exchange has reliability and high quality that is not inferior to any Forex exchange on the market.
See more: Instructions on XTB open account steps quickly
Rumor that the XTB exchange is defrauding users, true or false?
Calling it a “rumor” means it has no basis. But that news is spread by just one individual or user and no one can verify it. The reason those rumors occur may be because the individual made a mistake when trading without knowing it.
In general, scams about Forex XTB cannot be avoided. It could be that individuals or competitors want to dethrone XTB. But in reality, we can see that no articles or authorities are warning that XTB is a scam. All those rumors are from one side and are completely untrue.
After more than 20 years of operation, XTB has more than 781,000 customers around the world. The number of traders participating in playing XTB continues to increase every day. Plus being certified by the world’s leading financial institutions and experts. So there is no reason to say XTB is a scam exchange. At this point, you must already what an XTB broker is like, right?
XTB broker reviews the exchange through a trading account
Unlike other Forex exchanges, XTB currently only offers one trading account, which is Standard. Offering only one type of trading account also eliminates the need for traders to choose or differentiate between account types. Below we will XTB broker review through the trading account. Traders, let’s see what advantages and disadvantages this type of account has.
Evaluate the XTB exchange through the STANDARD trading account
The Standard account is suitable for all XTB players. Including both industry experts and newbies. When trading on a Standard account, you will enjoy advantages such as:
- Account setup: free
- Maximum leverage: 1:500
- Minimum order opening: 0.01
- Minimum spread: 0.35
- Available symbols: Forex, Commodities, Indices, Cryptocurrencies, Stock CFDs, ETF CFDs
- …
Advantages that the Standard account on XTB brings
The Standard account on XTB has several advantages that traders can expect. Below are some of the main advantages that the Standard account offers. Let’s see the XTB broker review below to know what it is.
- Wide range of currencies and CFD contracts: XTB’s Standard account offers a wide range of Forex currency pairs and CFD contracts across a range of financial markets. Typically: stocks, commodities, cryptocurrencies, and international market indices…
- Competitive trading fees: The minimum spread is only 0.35. Additionally, there are many products for which you have no transaction fees.
- Professional trading platform: XTB uses its platform xStation. The platform has a modern interface and offers a full range of technical analysis tools and features.
- Flexible options: The Standard account on XTB allows you to open different types of trading positions. Including market orders, pending orders, and several other types of custom trading orders.
Trading platforms available on Forex XTB
Forex XTB currently only offers one trading platform, xStation. This is a trading platform developed by XTB itself. The platform is designed to provide an easy-to-use trading experience. At the same time, it integrates many technical analysis tools, graphs, and visual market information. The xStation platform also supports batch trading and trade automation.
XTB broker review exchange with exclusive trading platform xStation
Because XTB uses a proprietary platform, it also brings its advantages such as:
- xStation’s design is intuitive, simple, and convenient in account management.
- Provided for the mobile version with over 2000 CFD codes.
- Extremely flexible trading platform with diverse technical analysis tools. Along with intuitive graphs, continuously update market news accurately.
- Supports opening XTB demo accounts, allowing users to experience real trading without having to deposit money.
The difference between the xStation platform on the XTB Forex platform
Surely many users wonder why XTB does not provide popular platforms such as MT4, MT5, web trader… like other Forex exchanges. XTB has offered other platforms in the past. But after a period of experience and found that xStation is a convenient platform. It provides full features and trading tools like other platforms. Besides, the exchange also wants to show customers the difference. Therefore, XTB exchange only uses the xStation platform. XTB broker review the differences and advantages of this platform.
- Trade anytime, anywhere: Using the xStation platform, you own professional analytical tools.
- More than 2300 products: The platform allows you to trade with a wide variety of products. Including CFDs of Forex, cryptocurrencies, stocks, indices, commodities…
- Modern design, easy to use: Designed to help you make transactions easily. Transactions can be managed with just a few taps.
XTB broker review: What devices can the Xstation platform be used on?
XTB’s xStation is designed to support use on many different devices. Helps you access the market and trade flexibly. The xStation platform can be used on computers, mobile phones, and web browsers.
platform with traded products
XTB forex exchange provides many financial tools, allowing traders to access trading products such as:
- Forex with 71 currency pairs.
- There are 34 indicators.
- Diverse goods with 28 types.
- Stock CFDs with 1970 codes.
- CFD ETF fund with 164 major funds in major countries.
- Cryptocurrencies with 46 types are the most popular and popular today.
See more: XTB Review – Advantages and disadvantages when trading
Epilogue
So XForex has shared with you information surrounding the XTB exchange. Hopefully, with this XTB broker review, traders know what kind of exchange XTB is. Also, rate the XTB exchange as a scam or a reputable Forex exchange. Wishing all traders success in trading XTB and earning lots of profits.
FAQ
Is XTB an exchange that scams users’ money?
XTB is a forex trading platform that has been on the market for more than 20 years. Licensed by many financial institutions and received many prestigious awards. Therefore, this is a reputable trading exchange, please rest assured to trade without worrying about scams.
Why should you choose to play XTB?
Because XTB continuously improves its trading platform. The platform is licensed and controlled by major financial institutions. XTB also provides a smart trading platform and account. Importantly, the exchange is always ready to support and bring the best benefits to users.
Can I open an XTB Demo account?
Yes. You can open an XTB demo account to gain experience in trading. Without needing to deposit money, and without any risks.
