XTB ECN Broker is leading the foreign exchange market with a series of prestigious licenses. With these impressive achievements, many traders are probably asking themselves the question “Is XTB suitable for trading?”. To understand this clearly, XForex would like to present the most comprehensive and detailed review of XTB. To help traders make good choices before deciding to participate in trading.

XTB ECN Broker and the information you need to know

Which agencies are XTB Forex licensed by?

XTB employs more than 1,000 people with more than 12 offices worldwide. According to information from Finance Magnates, XTB Forex has surpassed 1,000 employees in 12 offices globally. Understanding information about the operating license is a must before trading. XTB, an exchange known as one of the leading reputable exchanges, has many operating licenses issued by reputable supervisory organizations. These licenses include:

• XTB Limited is licensed by FCA (Financial Conduct Authority – UK Financial Conduct Authority). License number 522157.
• XTB Ltd is licensed by CySEC (Cyprus Securities and Exchange Commission). License number 169/12.
• X-Trade of Brokers DM SA is licensed by the international organization KNF (Komisja Nadzoru Finansowego). License number 1538207.
• XTB International Limited (XTB) is licensed by IFSC (International Financial Services Commission in Belize). License number 000302/46.

This shows that XTB complies with international supervision regulations and standards. This is also a demonstration of trustworthiness and reputation in the trading industry.

Policy to protect customer funds when trading on XTB ECN Broker

Currently, XTB ECN Broker has implemented measures to protect customers’ margin funds. They placed them in a bank account completely independent of XTB’s account. XTB is under strict supervision from financial regulator Komisja Nadzoru Finansowego (KNF). To be certified by KNF, XTB must maintain complete separation between customer and company accounts. This brings absolute peace of mind to their customers. Because they are covered by the Financial Services Compensation Scheme (FSCS). This has the potential to compensate up to £85,000 in the event XTB goes bankrupt and cannot pay.

Furthermore, XTB is also under the supervision of FCA and CySEC. Therefore, XTB is completely responsible before the law. In case there is a risk affecting customers, they must compensate according to regulations. Up to £50,000 according to FCA regulations or 2,000 EUR according to CySEC regulations.

Outstanding achievements that the XTB exchange achieved

Thanks to its effective and reputable operations, XTB has deservedly received many prestigious international awards. Below are some impressive awards of XTB ECN Broker:

• Title of “Best forex training broker in the Middle East – North Africa region” in 2021.
• “Best Trading Experience” award given by Ultimate Fintech in 2021.
• Title of “Best forex service provider” in 2021.
• “Best Global Customer Service” Award 2020.
• Title of “Best Market Research & Training” in 2019.
• “Best Broker in Europe” was awarded by Money Market magazine in 2005.
• XTB was also honored as the best service provider on the xStation 5 platform at Fx Cuffs in 2017.

Overview of tools and services on XTB ECN Broker

XTB reviews the xStation trading platform

Different from many other exchanges, XTB’s trading platform is considered unique and special. Instead of applying both MT4 and xStation platforms at the same time like many other exchanges, XTB has made the decisive decision to abandon MT4. Currently, the only platform that XTB supports for trading is xStation.

xStation is an exclusive trading application built and developed by XTB. This platform is highly appreciated for its many outstanding advantages compared to MT4. Some notable xStation features that cannot be missed include:

• Friendly interface, high performance, and fast speed.
• Cross-platform support on Web, Windows, MacOS, iOS and Android.
• Multilingual support with more than 19 languages, including Vietnamese. This can help Vietnamese traders easily access and use it.
• Ability to deposit and withdraw money to your account directly on the platform.
• Provide expert guidance and training directly on xStation.
• Integrates many tools used for market analysis and statistics.
• Features such as Market Sentiment and Market Depth make xStation and the XTB brand special.

In addition, the xStation platform also supports many other features and is always improved every year. Today, xStation is highly appreciated by traders for its convenience, speed, and ease of use. Therefore, XTB’s refusal to use MT4 is considered a smart and wise decision.

Types of trading accounts on XTB Forex

Demo Account

Like many other brokers, XTB offers you a Demo account with a virtual balance of 100,000 USD and includes all the same features and technical analysis indicators as the real account. This Demo account is very suitable for new traders who want to explore the markets or want to test new features on the trading platform.

However, when using an XTB Demo account, you should note some limitations as follows: base currencies only include USD, EUR, and GBP; no daily video updates; The xStation platform can be quite complicated for newcomers. Therefore, VnRebates.net suggests that after you have become familiar with the Demo account and feel confident, you should switch to using a real account for the most effective investment experience.

Standard account

XTB offers the Standard account type with 3 different variations: Standard A, Standard B, and Standard C. Depending on the account type, each type will have its characteristics and properties suitable for each different trader. Below is some information about the Standard account:

• Minimum deposit: $1
• Maximum leverage: 1:500
• Spread Type: Floating Spreads
• Minimum spread: From only 0.35 pips
• Commission: No fee
• The minimum trading volume is only: 0.01 lot to be able to trade.

In addition, XTB currently also applies a fee-free policy for asset types such as foreign exchange, indices, virtual currencies and commodities. For stocks, XTB will charge a transaction fee of only 0.08% of the value of each order.

Trading products are offered at XTB

XTB currently offers a more diverse range of trading products than many other brokers. Include:

• Forex: XTB offers over 57 different currency pairs, including majors, crosses, and many hybrids. The special point at XTB is that you can trade 24 hours a day, every day of the week. Spreads are very low, from only 0.1 pip.
• Indices: XTB provides more than 42 global indices such as US, UK, German, and Japanese indices. There are also many emerging indices such as US100, EU50, US30, etc
• Commodities: XTB provides more than 23 commodity products such as coffee, rubber, sugar, etc
• Precious metals: Includes gold, gems, and silver.
• Stock CFDs: XTB offers more than 1800 stock symbols from major corporations such as Adidas, Facebook, Amazon, Abbott, Netflix, Nike, etc. Supports leverage up to 1:10, with trading fees from only 0.08%.
• CFD ETFs: XTB offers more than 60 CFD ETFs. The special thing is that these funds also have a negative account protection program for customers.
• Cryptocurrencies: XTB supports more than 25 virtual currencies such as Bitcoin, Ethereum, Dash, Litecoin, etc

This diversity gives traders plenty of options when choosing trading products, from popular currency pairs to major stocks and emerging cryptocurrencies.

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

Customer care service of XTB Forex exchange

XTB ECN Broker has a team of extremely professional customer care staff. They are always ready to assist when needed. This team operates continuously from Monday to Friday. XTB provides Vietnamese support through the following channels:

• Chat directly on XTB’s website and page.
• Email: sales_int@xtb.com
• Phone: (+84) 287 300 3301 or (+84) 287 306 7998

However, XTB’s live chat system may respond slower than expected. Waiting time to receive a response is usually 15 minutes or more. Therefore, it is hoped that XTB will improve this aspect in the future.

Benefits when trading on XTB ECN Broker

• Offering competitive bid/ask prices and low spreads: In addition to offering competitive bid/ask prices and low spreads, XTB ECN broker often applies fixed, transparent, and zero commissions. integrate hidden fees to profit from customers.
• Promotions: Traders can join the XTB Affiliate program to earn additional income.
• No order requotes: Direct market access (DMA) technology allows access to prices from multiple liquidity providers. Eliminates the possibility of command requote phenomenon. This is because the XTB ECN platform profits from trading fees. In particular, they do not earn from influencing customers’ trading results.
• Suitable for traders who love automatic trading and using EA: The XTB ECN trading platform is very suitable for traders who use automatic trading and Expert Advisors (EA). Because the order matching speed is super fast, it only takes a few microseconds for each order to be matched.
• No conflicts of interest with clients: With direct access to the market and no Dealing Desk, XTB ECN has no interest in trading against clients. This is to avoid conflicts of interest like Market Maker brokers.

Conclude

Above are XForex  shares about XTB ECN Broker. It can be seen that this is one of the leading brokerage exchanges with a reputable reputation. XTB deserves to be the top choice for those looking for a reliable and safe exchange. 

Wishing every investor success when using XTB!

FAQ

How can I activate my XTB account?

After completing the account registration on the XTB website or application, the system will automatically send information about account activation via the registered email. You need to follow the instructions in the email sent to activate your account. If you wish, you can also contact the XTB customer support office directly. 

Is it possible to change the Spread at XTB?

Spread depends on the type of account you use. Currently, XTB does not allow changing Spreads unless you switch to a different account type.

What is the minimum deposit at XTB?

XTB does not require a minimum initial deposit. So you can comfortably open an account and start trading immediately with whatever amount you have.