XTB is one of the big names in the global Forex brokerage field. At the same time, this is also a forex exchange with significant influence on the Vietnamese financial market. More and more Vietnamese traders are becoming familiar with that exchange. In this article, XForex will explore with you XTB review in detail the strengths and weaknesses of XTB. Let’s get started!

XTB exchange reviews its reputation

The starting point of XTB Forex

XTB originates from the X-Trade forex derivatives brokerage. Founded in 2002 and headquartered in Warsaw, Poland. This was the first brokerage to appear in Poland at that time. In 2004, X-Trade merged into XTB to comply with new regulations in the country’s market.

In 2007, XTB became a member of the Warsaw Stock Exchange and the Polish National Exchange Bank. This increases their prestige and at the same time pushes their name to the international level. Currently, XTB has opened 13 offices in countries such as England, Poland, Germany, France and Chile.

With more than 20 years of experience accumulated since 2002, XTB is considered one of the Forex exchanges with a long operating history. According to XTB review, this is a long-standing forex exchange that far surpasses major competitors such as ICMarkets and Exness.

License to operate XTB exchange obtained

Most Forex brokers usually depend on only a few management organizations. However, XTB is a special case. XTB has a network of offices in many countries around the globe. Next could be England, France, Germany, Poland, Sweden, and many other countries. Therefore, XTB can be considered licensed and regulated by a variety of regulatory organizations, including the most reputable ones today:

• XTB Limited is registered and regulated by the Financial Conduct Authority (FCA) in the UK.
• XTB International Limited (XTB) is registered and regulated by the Financial Services Commission in Belize. XTB is registered at the Belize headquarters with registration number 153,939.
• CySEC – Cyprus Securities and Exchange Commission is the independent public supervisory authority responsible for overseeing investment services in the Republic of Cyprus. XTB registered CyCES license with code 169/12.
• XTB SA is registered and regulated by the Komisja Nadzoru Finansowego (KNF) in Poland.
• The International Financial Services Commission (IFSC) is also involved in the regulation of XTB.
• XTB has also been licensed by BaFIN (Germany) with code 121520.

This shows that XTB complies with a wide range of regulatory and licensing standards. That creates reliability and safety in their trading activities.

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

Achievements that XTB Forex achieved

XTB was born in 2002 and in over 20 years of operation, they have become one of the leading online financial exchanges globally. Below XTB review of some of the awards that the exchange has achieved:

• Giải “Best Forex House in Europe” – do Global Banking & Finance Review trao tặng.
• “Best CFD Trading Provider” award – from M&A Global Awards 2018.
• Giải “Best Financial Educator” – do World Finance Exchange & Brokers vinh danh.
• “Best Product x Station 5” award – from FXCUFFS in 2017.
• In 2019, they were also honored with the “Best CFD Broker” award.
• Along with that, XTB also received many other awards such as “Best Crypto Broker”…

These awards are all prestigious initiatives awarded by leading financial institutions in the world. This is also a testament to XTB’s reputation and service quality.

XTB review outstanding features

Evaluate the XTB exchange on the diversity of trading products 

XTB offers a diverse range of trading products. Especially suitable for those who love trading Stock CFDs. Below is the list of products you can trade on XTB’s platform:

• Foreign Exchange (Forex): XTB offers more than 55 different currency pairs for trading. Leverage allows up to 1:500 and there is no minimum deposit requirement.
• Indices: XTB provides 30 global indices such as US30, DE30, AUS200,… Most indices do not apply overnight order holding fees. Leverage is up to 1:200 and you can open both Buy and Sell orders.
• Commodities: Here, you can trade products such as Gold, Silver, Crude Oil, Coffee, Sugar,… XTB forex has competitive spreads and leverages up to 1:200. 
• Stock CFDs: A special feature of XTB compared to many other brokers is that they provide nearly 1900 CFD stock codes. This includes all popular tickers such as Apple, Adidas, Amazon, Google, and eBay. Leverage up to 1:10 and XTB is completely free of trading fees.
• ETF CFDs: XTB offers more than 100 ETF codes with leverage up to 1:10 at low costs.
• Crypto (Cryptocurrency): XTB provides up to 25 cryptocurrency products, a much larger number than other brokers. In particular, you can trade cryptocurrency on XTB 24/7, regardless of the day of the week.

XTB review the modern trading platform xStation

The xStation trading platform currently supports 19 languages. Integrated support on many different devices, including computers and mobile devices. The interface of the xStation platform is not only attractive but also professional and modern. This increases the user experience with smoothness and comfort.

xStation is exclusive software developed by XTB and comes with many outstanding features. Below, XTB review the advantages of the xStation platform including:

• Ability to choose from a wide range of trading products.
• Integrate investment knowledge and available courses.
• Get easy access to training videos directly on xStation.
• Manage personal accounts, including deposits and withdrawals.
• Supports quick news reference and market analysis.
• There are many built-in tools for analysis and statistics.
• Manage detailed trading history, including number of orders, profit and loss, and drawdown index.
• Perform order closing operations quickly and easily.
• The xStation platform is also compatible across a variety of operating systems and devices. Including web browsers, Macbooks, Windows, tablets, and many other devices.

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

Review of the XTB platform about leverage and trading fees

Leverage and trading fees are important factors that every trader is interested in researching. According to reviews, XTB fees are quite reasonable and transparent, especially with no hidden fees.

For XTB leverage, the maximum can be up to 1:500. This level will vary depending on each type of product as follows:

• For Forex, indices, and commodities, the maximum leverage is 1:500.
• For Stock CFDs and ETF CFDs, the maximum leverage is 1:20.
• For cryptocurrencies, the maximum leverage is 1:5.

The spread difference of each trading product on the XTB exchange varies. Specifically, XTB applies a floating minimum spread starting from 0.35 pips.

Currently, the XTB exchange is commission-free for trading products such as Forex, indices, commodities, cryptocurrencies, and stocks. However, overnight fees will apply if the client holds the order overnight.

Types of accounts available at XTB

XTB account types are quite limited. Currently, only Demo and Standard accounts are deployed to customers. The following is information about these two types of accounts:

XTB reviews Demo accounts

Like other trading platforms, XTB offers you a Demo account with a 100,000 USD fund balance and is equipped with all the same features and technical analysis indicators as a real account. This Demo account is suitable for new traders who are learning about the markets or want to experience new features on the trading platform.

However, new users of XTB Demo accounts need to note some limitations as follows: only three basic currencies are supported: USD, EUR, and GBP; Does not provide daily video updates; The xStation platform is quite complex for newcomers. Therefore, you should use a real account after mastering the Demo account to have the most effective investment experience.

XTB Forex Standard account

XTB’s Standard account is one of the most popular account types. It is chosen by many people when trading on the XTB exchange. This account type is designed to suit beginner traders. In addition, it is also for experienced traders who want to trade at low costs.

Detailed information about the XTB Forex Standard account is as follows:

• Minimum account size: 250 USD or equivalent to the amount in the client’s account.
• Maximum leverage: 1:30 for products such as Forex, stock CFDs, commodities, and indices. 1:20 level for derivatives such as CFDs on stocks and indices.
• Trading fees: XTB charges Spread fees for each trading position on the Standard account type.
• Swap fees: XTB charges swap fees for overnight positions on Standard accounts.
• Number of trading products: XTB’s Standard account offers over 1,500 trading products. This includes currency pairs, stocks, commodities, and other indices.

XTB review from experts

Advantages of XTB exchange

• Worthy of many prestigious licenses
• The minimum deposit is only $1
• Free overnight Gold storage
• Stock transactions have the opportunity to receive Dividends, without paying Commission fees
• Many attractive talk shows and promotions (free books, 50% bonus…) for new traders
• Passionate and dedicated support staff

XTB forex with disadvantages that need to be overcome

Of course, each broker has their advantages and disadvantages. XTB exchange is no exception. Below XTB reviews some disadvantages that need to be overcome as follows:

• Although XTB has a diverse range of trading products, they are limited in offering a wide choice of account types to their clients. 
• Use only one trading platform, xStation. This can be difficult for new traders. Especially those who are familiar with MT4/MT5.
• There is no copy-trading support.
• Customer support is not available on weekends.

Conclude

Above is a summary of information about the XTB review. Hopefully, the reviews from XM Trading will be useful to you. If you have any questions, please leave a comment below, and we will respond as soon as possible. Good luck!

Frequently asked questions

What is the XTB exchange?

XTB is one of the largest Forex & CFD brokers listed on the world’s largest stock exchange. This organization specializes in helping investors easily access hundreds of markets.

What platforms does XTB forex support trading on?

At XTB, you can make transactions through the xStation 5 platform. This is an application developed by XTB to provide higher security and integrate many support utilities for investors. It has many advantages compared to the limitations of MT4 or MT5.

What payment methods does the XTB exchange support?

XTB supports many popular payment methods, however, to ensure safety and convenience in transactions, we recommend using Ngan Luong payment gateway, a popular choice in Vietnam.

FAQ

What is the XTB exchange?

XTB is one of the largest Forex & CFD brokers listed on the world’s largest stock exchange. This organization specializes in helping investors easily access hundreds of markets.

What platforms does XTB forex support trading on?

At XTB, you can make transactions through the xStation 5 platform. This is an application developed by XTB to provide higher security and integrate many support utilities for investors. It has many advantages compared to the limitations of MT4 or MT5.

What payment methods does the XTB exchange support?

XTB supports many popular payment methods, however, to ensure safety and convenience in transactions, we recommend that you use a popular domestic payment gateway in your country.