If you want XTB create account now to be able to trade. As well as to receive bonus bonuses and start investing in the financial market. The article below is the most detailed guide on how to open an XTB account. Let’s explore with XForex right here!

Should XTB create account?

Is XTB reputable for trading?

Currently, there are a large number of Forex trading platforms operating on the market. Each exchange has diversity in reputation and reliability. This raises the question of whether a new trader starting to participate in this market should research and carefully choose the right trading platform.

XTB exchange is not an exception. XTB forex has existed in the market since 2002. This is a long enough period for people to consider its reputation. An exchange cannot survive long in the market if it is a scam.

XTB not only operates in one country but also has branches in many different countries. This includes the United Kingdom, Poland, Germany, France and Chile.

Regarding operating licenses, XTB has been licensed by many international financial institutions. Specifically, there are licenses from the following organizations:

• License from the Financial Conduct Authority (FCA) in the UK.
• License from International Financial Services of Commission (IFSC).
• License from Cyprus Securities and Exchange Commission (CySEC).
• License from The KNF organization in Poland.

In particular, XTB is part of a large financial group, listed on major stock exchanges globally. This is also a proof of their trustworthiness.

Advantages of opening an XTB account

When people choose to open an account on XTB, they will enjoy a series of incentives that not all other Forex and CFD brokers offer:

• Providing a diverse and rich portfolio of trading products. Included in it are Forex, stocks, commodities, stock indices, CFDs, ETFs, and cryptocurrencies.
• The ability to use trading leverage up to 1:500 helps optimize investment opportunities.
• The right to deposit and withdraw money for free helps to save transaction costs.
• Regular presence of attractive promotions and bonuses for customers.
• The ability to deposit and withdraw funds instantly makes XTB one of the Forex brokers with the fastest withdrawal processing times. Through popular and legal payment channels in Vietnam.
• Customer service is dedicated, agile, and always ready to assist.
• Spreads and commissions are relatively low, helping to minimize users’ transaction costs.
• Use a fast, stable, and highly secure trading platform. To help ensure the safety of traders’ information and transactions.

>>>See more: The information about XTB makes many people excited

Detailed instructions on the simplest way for XTB create account

Step 1: Visit the XTB Forex homepage

Visit the official XTB website. Then click on ” CREAT ACCOUNT “: https://www.xtb.com

Step 2: Enter your email to create an account on XTB

Here, you enter the email address you want to use to register for an XTB account. Then select the country according to your document information. Next, click on the 2 squares to receive useful information from the exchange and partners.
Then press “NEXT STEP” to go to the next step.

Step 3: Set a password for your account on XTB

Here, create a password for your account. Password must meet the following 3 conditions: 1 capital letter, 1 number, and 8 characters. Then press “NEXT” to complete step 3.

Step 4: Complete information and FATCA declaration of XTB

Fill in all information according to the request form such as:

• Full name (including your last name, middle name, and first name).
• Phone number (with country code starting at +84 and the first 0 must be omitted).

Then, scroll down to fully update the information in “FATCA Declaration”. Then you need to click on the item “I am not a US citizen”. Click to select income information and then click “NEXT”.

Step 5: Fill in the address and information to open an XTB account

Next, you continue to complete address information such as house number and street name, then the address of where you live. Note: The information must match the identification documents you previously used to verify and the address entered must be unsigned.

After completing the information, click “NEXT” to go to the next step.

Step 6: Accept the policies and terms of the XTB exchange

Here, please carefully read and accept the policies and terms of XTB Forex. Next, tick the squares there. Then click on the “NEXT” button.

You need to fully tick the terms boxes. Then click on the “NEXT” button.

Step 7: Verify identity to complete

At this point, a verification notice will be sent to you. Here, we recommend that you verify by phone. This ensures that it is quicker and easier for you to upload information and verify it.

Step 8: Complete the XTB Forex account verification process

After verifying by phone. You will receive a notification waiting for authentication. You have now completed your account verification process. Now you just need to wait a few minutes to start trading on XTB.

>>>See more: Simple instructions for XTB sign-up on your phone

Which XTB create account should new investors?

When you are just starting as an investor, you can create a Demo account on XTB. Here you can get acquainted with the platform and trading tools that XTB offers. Demo accounts allow you to practice trading in a simulated environment. Here you can use virtual money without real risks.

With the Demo account type, traders can:

• Get familiar with the interface and features of the XTB xStation trading platform
• Practice placing buy/sell orders, monitoring price charts, and managing positions. Thereby you can also learn about market analysis tools.
• Test different trading strategies without using real money.
• Test and adjust your strategy, monitoring changes in position value. From there, you can evaluate the effectiveness of the strategy before applying it to a real account.
• Full access to the financial tools and markets that XTB Forex offers.
• Make test trades without losing capital. This helps you understand how each market works and track price fluctuations.

However, once you are confident and want to engage in real trading, you can open a real account on XTB to trade with real money.

Things to note when XTB create account

• Age verification: Make sure you are of age according to XTB regulations and the laws of the country you live in. Normally, users must be 18 years or older to open an account.
• Identity verification: Exchanges often require you to provide authentic information about your identity and address. This is to ensure compliance with anti-money laundering and financial fraud regulations.
• Leverage selection: If you do not understand or know how to use leverage, choose low leverage or use no leverage to reduce risk.
• Read and understand terms and conditions: Please read and understand XTB’s terms and conditions carefully. Specifically, regulations on spreads, commissions, leverage levels, and your rights and obligations.
• Use a Demo account to test: Before participating in real trading, you should use a Demo account to test your platform and trading strategy. After you have enough knowledge about the exchange, proceed with the XTB delete account demo, then create a real account and start trading.
• Risk management: Trading is always risky. Only use money you can afford to lose on your own. At the same time, always have a risk management plan in every transaction.
• Monitor and update information: Monitor the market, and update trading knowledge. You should also be aware of important financial events that may affect the transaction.

How many accounts can each trader open on XTB forex?

On the XTB Trading platform, investors can open up to 4 different trading accounts. However, having too many accounts can lead to confusion and difficulty in managing transactions and tracking assets.

When registering XTB create account, you should carefully consider and evaluate your personal needs. If you want to follow different trading strategies, opening multiple accounts is great. This can help you segment and manage your trades better. However, when you are an individual investor, just opening an account is enough.

Conclude

Above are detailed instructions on how XTB create account. Traders can refer to this article and apply it effectively. We hope that with the information that XForex has shared, everyone will know how to register and make transactions through an XTB account.

FAQ

Is there a fee to open an XTB account?

No, there are no fees to open an account on XTB. XTB Forex does not charge registration fees or account maintenance fees. However, during the transaction process, there may be transaction-related fees. Specifically, spread fees, swap fees (overnight fees), and other transaction fees. These fees are usually applied according to XTB forex regulations. May vary depending on the account type and trading instrument you use.

Is there a fee when XTB creates an account but does not make transactions?

If the account is inactive, it means you have not made any transactions. XTB Forex may impose fees or other requirements on inactive accounts. These fees include fees for maintaining inactive accounts, fees for opening/closing accounts, and other fees related to account management.

However, currently, XTB does not charge fees for inactive accounts. That means that if XTB create account but does not make a transaction, there will be no fee.

How do I close my XTB demo account?

If you have previously opened an XTB demo account and want to start real trading, you do not need to do any special operations to close the demo account. Normally, the demo account will automatically close when the time expires. Or when you have used up all the virtual money provided in the demo account. You can then register a real account to start trading with real money.