XTB Trading is a trading platform built with a strong reputation on the international financial playground. XTB is considered one of the leading forex brokers today. However, for the trading community in UK, XTB is still quite new and unfamiliar. In this article, XForex will give you an overview of XTB – one of the reputable forex exchanges globally and a large financial group with the first advancement in the English market. Male.

Detailed introduction to XTB Trading

What is the XTB Trading forex trading platform?

XTB Trading originated from the foreign exchange derivatives brokerage X-Trade, founded in 2002 in Warsaw. This is Poland’s first exchange. In 2004, X-Trade merged into XTB to comply with new regulations in the Polish market.

In 2007, XTB forex became a member of the Warsaw Stock Exchange and the Polish National Exchange Bank. This has created a significant step forward in reputation. Since then, XTB has become widely known globally. Currently, XTB has opened 13 offices around the world, including England, Poland, Germany, France, and Chile.

With more than 2 decades of operation, broker XTB  has achieved many impressive achievements. The number of traders trading on this exchange has exceeded 495,000. At the same time, XTB has received many positive reviews from its customers.

In addition, XTB has also won many prestigious awards in the brokerage field. These include: “Forex exchange with best customer service 2021” voted by ForexBrokers.com. “Lowest cost forex broker 2021” ranked on Investopedia. Award “Best No Dealing Desk Forex Broker 2021” at Online Personal Wealth Awards.

Detailed information about XTB Trading

The financial agency manages XTB

The operating license is the most important point to evaluate the reputation of a forex exchange. The importance of this point lies in the fact that once an exchange receives a license from a regulatory agency, it must comply with all the rules and regulations laid down by that agency to ensure the prevention of illegal activities. fraud or deceit against customers. 

Furthermore, each regulatory agency has unique requirements. Larger agencies often impose more stringent requirements. Therefore, exchanges licensed by major organizations such as ASIC, FCA, BaFin, or CySEC usually guarantee a high level of reputation. This is to help traders feel more secure when trading.

Currently, XTB is the Forex & CFD broker listed on the world’s largest stock exchange. Regulated by leading financial regulators, including the FCA (Financial Conduct Authority). In addition, XTB has also received operating licenses from many important financial institutions from many different countries. These organizations include:

• UK Financial Conduct Authority – FCA (the Financial Conduct Authority).
• Cyprus Securities and Exchange Commission – CySEC.
• Financial supervisory authority in Poland – the Financial Supervision Authority (KNF).
• International Financial Services Commission – the IFSC.

Who are the leaders of XTB?

The Group’s leadership includes a team of experienced industry experts. Most of them have been with the Company since its inception. They have contributed significantly to the Company’s development. Below is a list of leaders in the company:

• Omar Arnaout: He has been with the Company since January 2007. He is responsible for Sales with the title of Vice Chairman of the Board of Directors and as of March 23, 2017, he is Chairman of the Board of Directors of the Company. 
• Filip Kaczmarzyk: He started his professional career at XTB in 2007 in the Trading Department as a Junior Trader. He graduated from Warsaw School of Economics majoring in Economics and Information Systems.
• Paweł Szejko: He graduated from Poznań School of Banking (WSB) and Poznań University of Economics. He joined the brokerage company XTB as Group Chief Financial Officer and since January 2015 he has been a Member of the Board of Directors of XTB.
• Jakub Kubacki: He graduated with a Master’s degree in Law from Koźmiński University in 2009. On July 10, 2018, he became a Member of the Board of Directors of XTB. He specializes in capital markets law.
• Andrzej Przybylski: He graduated in 1994 with a Master’s degree in Engineering from the Faculty of Chemistry of Wrocław University of Science and Technology and in 2011 he completed his doctoral studies in economics at the Warsaw School of Economics. 

Individuals who directly supervise activities on the XTB exchange

• Jan Byrski – Chairman of the Supervisory Board:

Jan Byrski specializes in financial innovation law (FinTech, including payments, banking, and insurance markets), legally protected information (personal data, professional secrets, trade secrets), and IT and TMT. He provides legal advice to companies and financial institutions operating in the Polish and international markets.

• Jakub Leonkiewicz – Member of the Supervisory Board: 

Jakub Leonkiewicz started his professional career in 2001 in the business development department at Interhyp.de in Germany. Currently, Mr. Jakub Leonkiewicz acts as a partner of the private investment fund Avia Capital.

• Łukasz Baszczyński – Member of the Supervisory Board: 

Łukasz Baszczyński started his professional career in 1999 as a clerk at the District Court in Zgierz. He is an assistant manager of Sarton Management sp. Zoo

• Bartosz Zabłocki – Member of the Supervisory Board

Bartosz Zabłocki started his professional career in 2002 at Contract Management Company sp. z oo until 2007, he was still a brand protection expert.

• Grzegorz Grabowicz – Member of the Supervisory Board

Grzegorz Grabowicz has been a Member of the Board of Directors and Chief Financial Officer at Mabion SA since January 2019. In 2010, he completed the program organized by Nottingham Trent University and WSB at Poznań University and received an EMBA degree ( Master of Business Administration). Grzegorz Grabowicz is also a Statutory Auditor.

Shareholders of Trading XTB

The Board of Directors intends to recommend to the General Meeting of Shareholders the payment of dividends depending on the net profit shown in the Company’s annual separate financial statements and the Company’s financial capacity. 

List of shareholders holding at least 5% of the votes at the Extraordinary General Meeting of Shareholders of XTB SA

Under Article 70, Point 3 of the Act on Public Offering of Shares, the conditions governing the introduction of financial instruments into organized trading activities and for public companies, the Board of Directors of XTB SA (“the Company”) hereby announces that the sole shareholder holds at least 5% of the votes at the Extraordinary General Meeting

XTB Trading General Meeting of Shareholders was convened on July 31, 2023, as XX ZW Investment Group SA with registered office in Luxemburg, holding 71,629,794 shares at the Extraordinary General Meeting and entitled to 71,629,794 votes elected, accounting for 94.76% of the votes at this extraordinary Congress. Congress and received 61.02% of the total votes in the Company.

Operational strategy of XTB in general and XTB UK in particular

XTB SA Group’s strategy is based on the following development areas:

• Developing operations in the markets where the Group is present in Central and Eastern Europe and Western Europe: The Group also expects online marketing activities to help increase the number of accounts. This is through XTB Limited in the UK. Aimed at markets outside the Group’s main operating areas.

• Expand the Group’s international presence by expanding into new markets. This includes markets in Latin America, Africa and Asia. 
• Develop the institutional activity segment (X Open Hub). The growth of the organizational activity segment depends heavily on attracting new customers. 

• Expand the Group’s product and service offerings and develop new technologies. For this purpose, the Group will introduce financial products and services. Aims to let customers implement various investment strategies on the integrated trading platform.

• Development through mergers and acquisitions of other units is attractive to the Group as well as joint ventures. However, it is assumed that XTB’s main growth will be organic.

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

Some policies of XTB Trading exchange with customers

Policy to protect customer interests

XTB Trading Exchange is currently implementing measures to protect customer deposits. They put them in a separate bank account and are not related to XTB’s account.

As you know, XTB operates under the strict supervision of the financial regulator Komisja Nadzoru Finansowego (KNF). To receive certification from KNF, XTB must strictly comply with the principles. In particular, there must be a separation between customer accounts and company accounts. Customers have complete peace of mind because they are protected by the Financial Services Compensation Scheme (FSCS). Here users will be compensated up to £85,000 in case XTB goes bankrupt. Or maybe when this exchange is unable to pay users.

In addition, XTB is also regulated by FCA and CySEC. Therefore, XTB is fully responsible before the law and will have to compensate according to FCA regulations. The amount can be up to £50,000. Or according to CySEC regulations, up to 2,000 EUR. This amount will be paid, if there is any risk affecting the customer.

Financial transparency policy

This policy makes it easier for customers, partners, and stakeholders to manage. They can easily access the financial information of XTB UK. At the same time, ensure transparency in the company’s financial management process. This creates a safe and trustworthy trading environment for all parties.

XTB UK publicly discloses all relevant financial reports

XTB UK’s financial transparency policy aims to make all relevant financial reports public. Aims to ensure transparency and trust in financial management. This includes publicly posting and providing information about the company’s finances. In addition, we will provide reports on income and expenditure, profits, etc. Announce other financial indicators periodically through official channels.

The benefits that XTB UK brings

When joining the XTB Trading exchange, users will receive countless benefits from this exchange. XTB is especially interested in those who are just starting to play. They provide educational resources to help investors facilitate the trading process. Below are XTB reviews  of some benefits for users:

XTB Trading has financial training programs for new traders

Trading offers many financial training programs for new traders. To help them build basic knowledge and better understand the financial markets. Here are some important features of these training programs:

Synthesize basic knowledge accurately and easily to understand

XTB Trading provides learning materials and information resources. Thereby helping new traders master basic financial concepts and knowledge. These documents are designed to be easy to understand and apply practically. Through this content, it helps learners build a strong foundation.

Learn with experts via a Live Webinar

XTB organizes live webinars. This is where traders learn directly from experts and financial analysts. These sessions help discuss trading strategies, market analysis, and other important financial issues. This allows them to have support and guidance from experienced people. The Live Webinar feature is also customized according to the user’s language. Each country will have a different version. The version for UK is a Webinar.

These training programs not only help new traders build their knowledge but also help them develop skills and strategies to participate in the financial markets with more confidence.

XTB platform provides an optimal trading experience

XTB is a professional trading platform with a wide range of features and advantages. Thereby bringing optimal trading experience to financial market participants. Below are some outstanding advantages of XTB forex:

• Reasonable trading fees: XTB offers a competitive and transparent trading fee structure. Fees are communicated, helping traders clearly understand the costs involved in trading.
• Diverse product portfolio: The exchange offers a variety of trading products. This includes stocks, commodities, forex, cryptocurrencies, and CFDs… This allows for convenient investment and portfolio diversification.
• Dedicated customer support: XTB has excellent customer support, including 24/5 support via phone, email, and live chat. Ensure that investors always have support when needed.
• Powerful trading platform: XTB uses advanced trading platforms such as xStation. Let’s learn about the outstanding features of xStation through the information below.

Overview of the XTB xStation platform

Superior trading tools on xStation XTB

• Friendly interface: XTB xStation has a simple and easy-to-use interface. Suitable for both new traders and veteran users.
• Market Analysis: This platform offers powerful analysis tools. These include diverse charts, technical indicators, and realtime market news.
• Multi-product trading: XTB xStation allows you to access and trade on a variety of products. This includes stocks, commodities, forex, cryptocurrencies, and CFDs.
• Optional Features: This platform offers many optional features. Trailing stop, take profit, and stop loss can be implemented to manage risk and profit.
• Personalized settings: XTB xStation allows users to customize the interface and personalize settings according to their needs.

>>>See more: Overview Review of the XTB xStation trading platform

Instructions for downloading XTB xStation on the XTB Trading exchange

Step 1: Visit XTB’s official website on the XTB home page: https://www.xtb.com.

Then click on “Trading Platforms”. Next, click “xStation 5”

Step 2: Here, scroll down and click on “Desktop App”. Here you can choose to download XTB xStation depending on your computer configuration.

Step 3: After downloading, click to open the downloaded file. Click “Run” to install. Your download is now complete. You can now log in to your account and start trading.

How to place a trading order on XTB xStation?

To place a BUY or SELL order on the xStation platform, you can follow these steps:

Step 1: After logging in to xStation 5, you will be taken to the main interface of the platform.

Step 2: Here, find and select the currency pair or trading product you want to participate in. You can use the search bar or browse the list of currency pairs/trading products.

Step 3: After you have selected the trading product, a chart will appear on the interface. You can rely on the chart to analyze and decide when to place a BUY or SELL order.

What are the disadvantages of the XTB exchange?

Although it is one of the most famous and reputable exchanges in the international market, it cannot avoid some disadvantages and problems that users may encounter. Below is a detailed analysis of the main disadvantages of XTB:

XTB website often encounters inaccessible errors

The frequent occurrence of the problem of not being able to access the XTB website is one of the problems that some users may encounter. Although the specific causes can be diverse and complex. Below are some common reasons why the XTB website cannot be accessed:

Reasons for not being able to enter XTB

• Internet connection problem: One of the most common causes is an internet connection problem. If your internet connection is unstable or interrupted, you may have difficulty accessing any website, including the XTB website.
• XTB Server Issues: The XTB website may be experiencing technical or management issues with their server. In this case, users can do nothing but wait for XTB to fix the problem from their side.
• Technical issues on your personal computer: Problems can occur on your personal computer, including issues related to your web browser, security software settings, or network configuration.
• GFW (Great Firewall) Issues or Network Restrictions in Your Country: Some countries impose network restrictions or have network firewalls (Great Firewall) that can cause problems when accessing foreign websites like XTB.
• DNS (Domain Name System) problems: If there is a problem with the way your computer translates domain names into IP addresses, you may get an error where you can’t access the website.

XTB account types are not too diverse

Another disadvantage of XTB is the limited diversification of trading account types. XTB Forex only offers one type of account, Standard. Sometimes it does not meet the needs and trading goals of all users. This may cause some people looking for other account options to look for another exchange that is more suitable for them.

However, although the account type is not too diverse, XTB live accounts still bring many benefits to users. Let’s learn about this type of account through the information below.

Learn about XTB account types

What does the XTB Standard account have?

The Standard account is ideal for traders new to the markets. In particular, it is favored by cryptocurrency lovers. Because Pro accounts do not offer this type of product. Therefore, if you want to engage in digital currency trading, you will need to open one of the three Standard account types mentioned above.

Below is the basic information about the Standard account:

• Minimum deposit: $1
• Maximum leverage: 1:500
• Spread Type: Floating
• Spread from (pips): 0.35 pips
• Commission fee (Commission fee): No fee
• Open minimum order: 0.01 lot

Learn about the XTB Demo account

This is a type of virtual account provided by XTB. This account allows users to experience trading in a simulated environment without facing any financial risks or asset loss. 

When opening an XTB demo account, investors will experience the following:

• The XTB demo account provides a simulated trading environment with real-time data.
• Users can test and practice trading techniques, as well as familiarize themselves with the features and tools on the platform. When trading, users do not have to worry about losing real money.
• The demo account offers a range of useful resources such as charts, and analysis tools. Also provides trading reports for users to optimize their trading techniques.
• Opening a demo account is very simple and completely free 
• Demo accounts are valuable tools to help users improve their trading skills. At the same time, it helps improve knowledge before starting to trade with real money.

Conclude

After being provided with detailed information as above, you surely have an overview of the XTB Trading exchange and the benefits of this platform. You can safely choose XTB to participate in the financial market. Here we always ensure transparency, safety, and top-quality service for you. Please follow XForex to update the latest information here! 

FAQ

Is the XTB Trading exchange a scam?

XTB is not a scam forex trading platform. With a long history of operation in the forex market and evidence of licenses and awards, we confidently assert that XTB is a reputable trading platform and has no signs of fraud. Traders can feel completely secure when choosing XTB to conduct their transactions on this platform.

What is the minimum deposit at XTB?

The minimum deposit at XTB is 1 USD or more, which creates favorable conditions for users with small capital who want to participate in the market.

Is withdrawal fast at XTB?

Regarding withdrawals at XTB, for customers withdrawing amounts under 300 million (equivalent to 12,000 USD), XTB usually processes withdrawals within the same day, ensuring flexibility and convenience for users.