Before participating in any foreign exchange exchange, what investors care about most is the reputation of the exchange. Then consider transaction fees. If the transaction costs of a forex exchange are too high, investors’ profits will be greatly affected. One of the forex exchanges with the most affordable trading fees is XTB. So do you know what XTB fees are? Let’s find out about XForex through the article.

Main types of XTB fees

When trading on any foreign exchange exchange, traders are subject to regulatory fees. Same with the XTB exchange, you will pay XTB fees, including:

XTB Spread Fee (Difference Fee)

XTB Spread fee is the difference between the buying price minus the selling price. This is the most important fee that needs to be considered when deciding to choose an exchange. When trading on XTB, traders who own basic and standard accounts do not have to pay a commission because it is included in the Spread.

For example: You choose the GBP/USD currency pair to trade. The buying price and selling price at the time you choose are 1.2988 – 1.2987 respectively. Thus, the difference between these two prices is 0.0001, corresponding to 1 pip. Thus, the XTB Spread fee in this case is 1 pip, meaning for 1 trading order, you will pay the exchange 1 pip.

Because XTB does not charge forex commissions, the spread fee will be a bit higher than ICMarkets or Exness,…

Here are examples of XTB Spread fees for some currency pairs:

XTB Swap Fee (Overnight Fee)

Swap is a fee that you pay or receive when you maintain a trade overnight. Swap fees may vary depending on the market you are trading in. Some products do not have a Swap fee, also known as overnight free. In some cases, your account may be subject to Swap fees.

A swap fee is essentially an amount of money that you spend to hold today’s trading order until the next day in the hope of making a profit.

XTB Commission Fees

Commission fees on XTB are only $3.5/lot. Similar to spread fees, commission fees also depend on the type of account and financial product. Specifically:

• Standard account: Commission fee from 0.08%/lot with ETF CFDs and stock CFDs. For forex currency pairs, the commission fee is 0.
• Pro account: Commission from $3.50/lot with Forex currency pairs, commodities, and indices and from 0.08%/lot with stock CFDs, and ETF CFDs.
• Islamic accounts: Commissions start from $10/lot for forex products, commodities, indices, ETF CFDs, and stock CFDs.

>>>See more: Instructions on XTB open account steps quickly

Other types of XTB fees

Besides the main trading fees above, here are some other XForex fees you need to know:

XTB fees when depositing

When depositing money with a Mastercard/Visa card, you will not have to pay any deposit fee. You don’t have to pay a deposit fee if you deposit with a debit or credit card in EUR or GBP.

Particularly for channels like Neteller, Paypal, Paysafe, or using currencies other than EUR, or GBP to deposit, you will pay a small deposit fee. The fee is only approximately 2% depending on the deposit method.

XTB fee when withdrawing money

Although XTB has many deposit methods, the only way to withdraw money is by Internet banking. Therefore, the withdrawal fee will be based on the fees set by the beneficiary bank and the intermediary. If you withdraw more than $50 from your XTB account, your withdrawal fee will be waived. If less than 50 USD, you must pay an additional fee of 30 USD.

Rollover Fee

You may be charged a Rollover fee if you roll over a contract position to the next trading period. This fee is applied to specific transaction types with a specific deadline.

Compare XTB fees compared to other broker fees

When comparing XTB fees with other exchanges, looking at stock transactions will see the appeal of XTB fees.

• About Spread: XTB has the lowest Spread, from only 0.05 pip. ICMarkets is also from 0.1 while Exness is 0.35 and XM is 0.19,…
• Regarding commission fees: XTB has a relatively comfortable commission fee compared to the average, only 0.16%. While Etoro is slightly better at 18%, then comes ICMarkets with a fixed commission fee of $7/lot.

All three types of commission fees, Swap and Spread on XTB in stock trading in particular are extremely attractive. Along with that, XTB provides nearly 2,000 stock codes for traders to freely choose from. This is difficult to find on other forex exchanges.

Review: Is XTB a reputable trading platform?

Besides the extremely affordable XTB fees, traders are also interested in learning about XForex reviews or reviews of the exchange. They want to know if Is XTB good. From there, decide whether to invest on the exchange or not.

Below are the most convincing arguments about the reputation of XTB that you need to know:

XTB exchange with outstanding achievements

• XTB has won many major awards from prestigious organizations in the industry. Must mention:

• Title “The Best Execution Broker”.
• Title “Best NDD Forex Broker”.
• Award “Best Mobile App for Investing” (Best Trading Platform) in 2019 and 2020.

• XTB is ranked 4th in the list of largest stock exchanges, listed forex.

XForex license

XTB is licensed by reputable organizations to operate in the most developed countries in the world. Including:

• License number A/21/2010 of PFSA (Poland).
• License number 522157 of FCA (UK).
• License number 291024 of Czech National Bank (Czech Republic).
• License number 131053 of BaFin (Germany).
• License number 73640 of ACPR (France).
• License No. 40 of CNMV (Spain).

Long operating time

XTB was founded in Warsaw, Poland in 2002. It has now been operating in the field for 21 years, demonstrating a process of effort and affirming its position in the hearts of customers. This is considered the forex exchange with the longest operating time. Only reputable exchanges can stand firm in such a market.

Attractive XTB promotions

XTB is an exchange that offers customers many of the most attractive promotions, up to $5,000. The most recent is the 50% bonus program for the first deposit. The target audience is traders opening accounts and depositing money for the first time at XTB. The condition for receiving the bonus is that the trading volume is equal to 15% of the first deposit.

Above, XForex has provided readers with an overview as well as a detailed review of XTB fees. Hopefully, through the article, traders have grasped the information about the XTB fee and the reputation of the XTB exchange, thereby deciding whether to join the XTB exchange or not. Good luck!

>>>See more: What is XTB? Overview Review of XTB Forex for Newbies

FAQ

Are XTB fees fixed?

Are not. Corresponding to each trading product such as currency pairs, stocks, margin,…, and XTB fee will be different.

How are XTB Spread Fees Determined?

XTB exchange spread fee is the difference between buying and selling prices. Fees are determined specifically for each specific product in pips.

Can traders ask XTB to reduce trading fees?

Are not. However, if your trading volume is significantly large, you can also negotiate a reduction in trading fees.