Is XTB Trading reviews reputable or not - Latest Update

There is so much conflicting information related to XTB that you don’t know whether this is a reputable trading exchange. Don’t worry, XForex will help you find the correct answer based on the honest XTB Trading reviews in the article below. Refer now!

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Looking for the answer to whether the XTB exchange is reputable?

For XTB trading reviews to be reputable or a scam, traders only need to refer to the following information:

Origin of XTB US exchange

Like other exchanges, XTB also originates from international companies. Specifically, the exchange was established in 2002 in Warsaw, Poland. It has been operating for more than 10 years now and expanding its market worldwide.

The operating license of the XTB exchange

Currently, the US does not have a license for Forex trading exchanges. But this does not mean that XTB is not a reputable exchange.

Because XTB US has received many licenses issued by financial agencies from major countries such as:

The Polish Financial Regulatory Authority licenses the PFSA.
FCA is licensed by the Securities and Financial Markets Commission.
In addition, it is also licensed by the Financial Administration of France, Germany, and Spain.

Outstanding achievements of XTB exchange

Up to now, XTB has achieved a lot of success and is shown in specific numbers:

More than 721,000 customers are participating in trading on XTB.
Constantly expanding markets and having up to 13 offices globally.
The customer service team works 24/5.
Provides more than 4500 tools.
Offering more than 5500 products.

Besides, it continuously receives great awards. For example:

“The Best & CFD Broker” awarded by Invest CUFFS 2021.
“Best Forex Broker” awarded by Rankia Awards 2022.
“Best CDF Broker” awarded by Rankia Awards 2022.
“Best Mobile Trading App” awarded by Forex Expo Dubai 2022.
“Best Customer Service” awarded by Forexbrokers.com Annual Review 2021.
“Best Trading Platform” awarded by Forex Expo Dubai 2021.
“Best Forex Broker for Low Cost” awarded by Investopedia 2021.
“Best NDD Forex Broker” awarded by Online Personal Wealth Awards 2021.

Evaluate whether XTB is a reputable trading exchange.

The XTB Trading reviews below will help investors better understand the exchange before participating in trading.

XTB Trading review is based on transaction fees

Compared to other exchanges, will XTB charge higher or lower fees? Find out now!

XTB exchange spread fee

Unlike other exchanges, XTB generally offers its customers competitive trading conditions. This makes XTB’s Spread fees often lower whether using a Standard account or a Pro account.

XTB Trading review is based on commission fees

Commission fees, also known as Commission fees, are calculated based on a fixed fee or a percentage of the transaction value. Besides, it also depends on the currency pair you choose and the level of activity.

For VIP accounts, commission fees will be lower than for Pro accounts. According to the XTB Trading reviews, VIP accounts will have commission fees ranging from 0.05% – 0.08%. Meanwhile, Pro accounts will charge higher fees usually ranging from 0.08% to 0.12%.

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

XTB Trading reviews on overnight fees

The SWAP fee formula applies to all exchanges. Specifically:

1 day overnight fee = (Position size x base rate) +/- fixed fee.

In particular, XTB’s fixed fees are often quite low compared to other exchanges on the market. However, to avoid being charged too much SWAP fees, traders should limit leaving orders overnight for long periods.

Deposit and withdrawal fees on XTB

Whether or not there are deposit/withdrawal fees will depend on the method you choose. In addition, XTB Vietnam also has a free 1-time withdrawal offer in 1 month for all withdrawal methods.

From the second withdrawal, traders will pay additional fees. Specifically for each case:

Credit card: Charge 1.5% of the withdrawal amount.
E-wallet: Charge 1% of the withdrawal amount.

Detailed review of XTB account types

According to XTB trading reviews, the exchange is currently offering 3 types of accounts, let’s XTB broker reviews now.

Demo Account

If you are a new investor, start by participating in trading with a Demo account. You will get acquainted with the platform’s features, learn about the products, and participate in investments without taking any financial risks.

Virtual balance: XTB will provide a virtual balance for customers to invest. Of course, the profit earned from placing orders is also virtual money and cannot be withdrawn.
The products and tools used are the same as a real account.
Platform: MT4 and xStation.

XTB Vietnam standard account

Standard account – Standard is the most popular type today. With this account, investors can participate in trading with low costs and flexible trading conditions. You only need a minimum of 250 USD to invest with a maximum leverage of 1:30.

Pro Spread Account

Ignore the above two account types if you are a professional investor. Registering for a Pro account will save a lot of costs and provide more features.

XTB Trading reviews through customer service service

As XTB Trading reviews above, the exchange has more than 10 offices nationwide. The customer care team has more than 550 employees and provides continuous support 24/5.

This means that investors can contact XTB Vietnam at any time from Monday to Friday. With a team of professional staff, they will always be ready to listen and support investors. to answer all questions.

See more:  XTB Review – Advantages and disadvantages when trading

Instructions on how to register an account on the XTB exchange

Based on the review XTB above, why not register an account today? Registration steps:

Step 1: Visit the XTB homepage website.
Step 2: Select Create Account to create an account.
Step 3: Here, you need to fill in your email information and registration country. Check the 2 boxes below and select Next. It will include the following information: Full name, phone number, date of birth, and gender.
Provide information

Step 4: Confirm investment experience.

After filling in all information, you will receive a notification. Click on “Go to my account”.

Step 5: Set up trading platform and account type. You will then be transferred to the selected platform.
Choose the appropriate XTB exchange platform

Step 6: Verify account. The process is straightforward, just click on “Activate account” and upload the selected documents.
Authenticate XTB account

Finally, the system will check the information you provide and confirm immediately.

Wait for account verification

Conclude

Above are all the most detailed XTB Trading reviews. Hopefully, it will help investors better understand the exchange. What are you waiting for? Sign up for an XTB account today. If you have a problem that needs advice, please comment below the article, XForex is always ready to answer at any time.

Is XTB Trading reviews reputable or not – Latest Update