XTB is one of the forex platforms that has built and developed its brand in the international market. However, XTB is still a fairly new name. In this article, XForex will provide a detailed review of XTB – a trusted forex trading platform on a global scale. This is a reputable company in the field of foreign exchange trading and is entering the market.

What is XTB? Learn about the leading trading platform in the financial world

XTB was founded by which company?

XTB (X-Trade Brokers) is a reputable trading platform in the field of forex and CFDs (Contracts for Difference). This trading platform was established by the company X-Trade Brokers (XTB) Group. XTB Group is one of the recognized leaders in the financial trading market. They have been in the financial industry for over 15 years and have built a strong reputation for providing high-quality trading products and services to investors around the world.

Broker XTB was established in 2002 with the goal of providing a professional and reliable trading platform for investors. Provides the best trading experience and quality analytical tools. This company has achieved industry recognition and has received many awards and positive reviews from the trading community and independent organizations.

Legal documents of XTB exchange

XTB has built a strong reputation in the forex brokerage industry. This is proven through a series of licenses from reputable regulatory agencies around the world. An operating license is a necessary condition for a forex exchange to be allowed to operate in a territory. This ensures that they are a real organization, not a “ghost broker”. To help create trust for investors and traders. 

The XTB Group is comprised of various subsidiaries, each of which is licensed by different reputable regulatory bodies. specific:

• XTB Limited: Registered and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. The license number is 522157. Cyprus Securities and Exchange Commissions (CySECs). Along with license number 169/12.
• XTB International Limited (XTB): Registered and regulated by the Financial Services Commission (FSC) of Belize. License number 000302/316.
• XTB SA: Registered and regulated by Komisja Nadzoru Finansowego (KNF) of Poland. German Federal Financial Supervisory Authority (BaFin), license number 10121520.
• XTB Sucursal: Registered and regulated by Comisión Nacional del Mercado de Valores of Spain. This is an organization under the Spanish National Securities Commission.

Types of assets allowed for trading on Forex XTB

Which is the most popular asset group?

XTB offers customers a diverse product portfolio. Which includes the most popular trading assets in the financial market. This is also the most popular product group today:

• Currency pairs: XTB offers 57 currency pairs. This includes major currency pairs, cross currency pairs and exotic currency pairs.
• Metals: In addition to currency pairs, XTB allows the trading of precious metals. These include gold, silver, aluminum, copper, platinum and palladium.
• Commodities: This category includes both energy and agricultural commodities. Energy includes Brent oil, WTI oil, and natural gas. Meanwhile, agricultural products include cotton, cocoa, coffee, pork, and corn.
• Index: XTB provides 36 stock indices from major markets: Germany, the UK, the US, Hong Kong…
• Stocks: At XTB, you can trade 1912 stock codes from large companies and corporations in 16 different countries. American stocks account for the highest proportion with 1080 codes. Next are British stocks and French stocks with 127 codes.
• Cryptocurrency: XTB supports the trading of 49 popular cryptocurrency coins/tokens on the market. The special thing is that you can trade cryptocurrencies 24/7, different from many other exchanges. Because they only allow cryptocurrency trading during fixed times of the week.
• ETF fund: This exchange offers 144 ETF fund codes, a product that has become increasingly popular recently.

What are the deposit and withdrawal methods on XTB?

For traders, XTB offers the four most popular and suitable deposit and withdrawal channels. These include Ngan Luong, Skrill, Neteller, and International Transfer.

All deposit transactions on XTB forex are free. But for withdrawal orders, there will be a fee applied if using a Skrill (2%) or Neteller (1%) wallet.

If you choose the withdrawal method via your Bank account at Ngan Luong Payment Gateway and the withdrawal amount is less than $50, you will be charged a $30 fee.

Currently, XTB Forex has improved withdrawal processing times for its customers. immediately, if you withdraw less than 300 million, the money will be transferred to your account within 60 minutes. If you withdraw over 300 million, the money will be processed and returned to your account on the same day.

Information about fees on the XTB exchange

XTB Spread

Spread is the difference between the buying price and selling price of a currency pair. Spreads are an important part of the exchange’s income. XTB also collects fees through spreads, meaning the difference between the buy and sell price covers their profit.

Each trading product will have a different Spread difference. specifically, the XTB forex exchange is applying a minimum floating spread of only 0.35 pips.

Overnight fee (Swap) on XTB exchange

Overnight fees (also called swaps or rollovers) are fees you may be charged if you keep a position open overnight. The amount of this fee varies depending on the asset type and the direction of your position (long or short).

XTB does not charge special overnight fees for gold trading accounts. This overnight fee will depend on the type of product and the trader’s trading volume.

XTB exchange commission

XTB may collect commissions in cases where you trade in specific assets or through specific trading accounts. Commissions can be calculated based on trading volume or as a fixed amount per trade.

XTB forex exchange applies different commission fees for each account type. Standard account: commission only applies to stocks and ETFs: from only 0.08% per lot.

Commission fees (Commission) on the exchange

XTB applies commission fees starting from 3.5 USD per lot, with spreads from 0.1 pip. Trading conditions on XTB are considered competitive. Commission fees depend on the account type and financial product you are trading. Below is the method commonly used by XTB to calculate commission fees:

• Fees based on trading volume: This is a common way to calculate commission fees on XTB. XTB determines a fixed fee for each lot (or other trading unit, depending on the product) you buy or sell. This fee increases with your trading volume. For example, if you trade more lots, you will have to pay more in commission fees.
• Commission fees based on percentage (%): Some trading accounts on XTB have commission fees calculated based on a percentage (%) of the trade value. This means you will pay a fixed fee based on the total value of your position.

“Roll roll” of XTB account types

XTB Demo Account

The XTB demo account is a completely virtual currency-based account. But has all the same features and technical indicators as a real account. Users use virtual money to trade, demo accounts bring profits like real accounts. Therefore, demo accounts are a great choice for newcomers who want to gain a deeper understanding of the basic aspects of investing.

XTB is one of the leading and most trusted brokers in the world. Here, they provide free demo accounts for users. This account is called a “practice account” because it uses virtual money to practice trading. It allows traders to research and test a broker’s services without worrying about losing real money.

Advantages of XTB Demo

Below are the benefits that the XTB demo account brings:

• A demo account is a useful tool when you enter a new area of ​​trading. It is a great start to start trading. Regardless of whether you are interested in a specific currency pair or an asset class like cryptocurrency.
• A demo account allows you to get familiar with how your trading platform works. With the many options available and the free nature of the demo account, you can easily switch if needed.
• One of the main advantages of using a demo account is that you can learn from professional investors and test new trading methods.
• Even experienced traders can make small mistakes. The only difference is that top players know the importance of understanding the system and thoroughly testing their every move. A demo account gives you a real opportunity to apply and perfect your knowledge.
• With XTB, the basic demo account is the only account type offered to most traders around the world. This simplifies the registration process and keeps everything in the clear. This could also be one of the reasons why registration is so quick.

The standard account of the exchange

Things to know about the XTB Standard account

A standard account is considered a popular account type and is favored by many investors. XTB offers three different types of Standard accounts, including Standard A, Standard B, and Standard C.

With a Standard account, investors can trade a wide range of financial products. specific, foreign exchange currencies, stocks, gold, and indices. This account offers a range of tools for placing orders, performing technical analysis, monitoring market conditions, and accessing trading reports.

Basic information about the Standard account includes:

• Minimum deposit amount: 1 USD.
• Maximum leverage: 1:500.
• Minimum spread: 0.35 pips.
• Minimum trade size starts from: 0.01 lot.
• Free to open an account and make transactions.
• Free trading commissions (except Czech and Polish CFDs).

Why is the Standard account popular?

What are the advantages of the Standard account above What is XTB that makes many traders excited? The following are the outstanding features of this account type:

• Low minimum deposit: Standard accounts often have lower minimum deposits than other account types. This makes the Standard account a suitable choice for beginners. Or those who want to test the trading platform without investing a large amount of money.
• High leverage: Standard accounts often have high leverage. It allows you to control a large amount of currency with a small initial capital. This creates the opportunity to increase profits but also comes with higher risk.
• Diversity in trading products: You can trade a variety of financial products. Which includes forex currencies, stocks, gold, and indices. This helps you implement diverse strategies and take advantage of opportunities from many markets.
• Low spreads: Standard accounts usually have relatively low spreads (the difference between buying and selling prices). This helps reduce transaction costs and increase profit potential.
• Free account opening and trading commissions: Many exchanges, including XTB, offer Standard accounts with low or no account opening fees and trading commissions. This is convenient for investors and helps save costs.

Is XTB reputable? Why should you choose to trade with XTB?

Why can’t I access XTB?

XTB may have problems with domain names and address changes, making access difficult for users. Common causes may include unstable internet connection issues, technical problems on the XTB server, or problems on your personal computer.

Additionally, network limitations or DNS problems can also cause problems accessing the website. To ensure problem-free access, users need to regularly check and update information about XTB’s domain name and web address.

Does XTB scam customers?

The answer is not possible because XTB possesses extremely impressive numbers:

• Operating history: XTB exchange was founded in 2002 and has been operating for more than 20 years.
• Countries of operation: XTB currently has 13 global offices, expanding from the UK, Poland, Germany, and France to Chile.
• Number of customers: XTB has more than 400,000 customers worldwide, proving the trust of investors.
• Diverse trading products: XTB offers more than 2,100 different trading products, including stocks, precious metals, stocks, stock indices, and commodities.
• Large transaction rate: The daily transaction amount on XTB is up to millions of dong, demonstrating the popularity and reliability of the platform.
• 1800+ global trading symbols: XTB offers many trading opportunities in the global markets.

These numbers represent XTB’s growth over its long-term operation. The large number of customers and continuous development are proof of the reputation of this exchange.

Review of XTB exchange

Evaluate the XTB exchange and its advantages

• License and regulation: XTB is one of the licensed brokers and is regulated by reputable financial authorities such as FCA (UK Financial Conduct Authority) and CySEC (Securities and Securities Commission). Cyprus Exchange), ensuring transparency and safety for traders.
• xStation Trading Platform: XTB has the exclusive xStation trading platform, which is highly rated for its features and performance. The platform supports multiple devices and has a user-friendly interface.
• Diverse products: XTB offers more than 2,000 trading products, including currency pairs, metals, commodities, stocks, indices, cryptocurrencies, and ETFs. This brings diversity to traders and investors.
• Free demo account: XTB offers free demo accounts to users, helping them test and grasp trading strategies without financial risk.
• Quality of customer service: XTB is highly rated for its customer service, with multilingual support and a variety of online learning and training materials.

Disadvantages of XTB

• Change of domain name and address: Some users may have difficulty accessing XTB due to changes in domain name and web address. This can make access unstable.
• Trading fees and commissions: XTB’s trading fees and commissions depend on the account type and financial instrument. This can make calculating trading costs complicated for some traders.
• Demo Account Limitation: XTB only offers a demo account for the basic account, which may be a limitation for those who want to experience more premium accounts.

Outstanding trading platform XTB xStation

Previously, XTB used to provide full platforms such as MT4, and MT5. However, currently, XTB only provides one platform, which is xStation. Let’s learn about the highlights of this unique platform!

What platform is XTB xStation?

XTB xStation is a comprehensive financial trading platform developed by XTB – a broker. xStation offers a variety of tools and features for users to trade on global financial markets including forex, CFDs (Contracts for Difference), stocks, indices, and commodities. This software is available on multiple platforms, including web browsers and mobile applications.

Introducing features on XTB xStation

xStation is an exclusive software product built and developed by XTB. This platform stands out with many of the following advantages:

• Beautiful and friendly interface: xStation has a bright, easy-to-use, and quite smooth interface. This allows you to trade with ease.
• Cross-platform: xStation supports multiple versions across the Web, Windows, MacOS, iOS, and Android, helping you reach the market no matter what device you’re using.
• Multi-language support: This platform supports more than 19 languages.
• Deposit and withdraw money directly on the software: xStation allows you to conveniently make deposits and withdrawals on the platform’s interface.
• Expert guidance: This platform provides guidance and training from experts directly on xStation, helping you master trading knowledge and skills.
• Analytical and statistical tools: xStation integrates many analytical and statistical tools to give you insight into the market.
• Unique features: xStation comes with unique features such as Market Sentiment, Market Depth, and Stocks Scanner, which are strengths that make this platform and the XTB brand unique.

With xStation, XTB has come up with a powerful and efficient option for traders, providing a better trading experience and many useful features.

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

Instructions for downloading XTB xStation

If on a computer, you can refer to the following steps:

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

Next, click on “Trading Platforms” and then click on “xStation 5”

Step 2: Here, scroll down and click on “Desktop App”. You can then choose to download the xStation version that matches your computer configuration parameters.

Step 3: Click to open the downloaded file, click “Run” to install. So you can log in to your account and start trading.

On your phone, you can do one of two things:

Method 1: Visit the XTB homepage. Then click on “xStation” in the Trading Platforms section. Next, scroll down and click on “Download App”.

Method 2: 

• For IOS You can access the App Store. If it’s Android, click CH Play.
• Then enter a search with the keyword “xStation”. Then you just need to select the download item. Wait for the installation process to be completed and you can trade on XTB easily.

Detailed instructions for registering an XTB Forex account

How to register for an XTB account on your computer

Step 1: Visit the XTB Forex homepage. Then click ” CREAT ACCOUNT “: https://www.xtb.com

Step 2: Enter email to create an XTB account

Step 3: Here, set up a password for your account 

Step 4: Complete information and FATCA declaration of XTB. Be sure to accurately enter the information needed to fill in the declaration.

Step 5: Fill in the address and information to open an XTB account. 

Here you need to enter the exact address that matches your identification documents.

Step 6: Accept the policies and terms of the XTB exchange

Step 7: Verify identity to complete. Here we recommend authenticating on your phone. Only then can you easily complete the authentication and quickly transact on the XTB exchange.

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

Things to keep in mind when registering for an XTB account

When registering, there are a few things to keep in mind to make the registration process efficient. Here are the things traders need to keep in mind:

• Prepare Necessary Documents: Before starting the application process, make sure you have prepared all the necessary documents. This includes personal identification documents and address proof documents. This helps the information verification process take place quickly.
• Go through the online registration process: XTB often offers a convenient online registration process. You need to fill in your personal and account information according to the instructions on their website.
• Verify information: After completing the online registration step, you will need to verify your information by submitting the necessary documents. This includes copying personal identification documents and proof of address documents.
• Choose account type: XTB usually offers many different account types. Consider your investment goals and choose the account type that best suits you.
• Learn about the terms and conditions: Before completing your registration, please ensure that you have fully read and understood the terms of XTB. This includes transaction regulations, fees, and privacy policies.

Conditions for opening an account on XTB

To open an account at XTB, you need to comply with the following conditions and requirements:

• Age: You must be old enough to be allowed to trade in the financial markets. The minimum age is usually over 18 years old. But they may vary depending on the regulations of each country where you live.
• Personal identification: You need to provide personal identification and a passport to verify your identity.
• Proof of address: To verify your address, you need to provide proof of address. It could be a bank statement or a utility bill. This document needs to be issued recently (usually within 3 months).
• Contact information: You need to provide accurate contact information, including email address and mobile phone number. This helps the broker communicate with you effectively.
• Trading experience and knowledge: Some brokers may ask you to provide information about your trading experience and knowledge. This helps them assess your level and provide appropriate service.
• Finances: You need to deposit a minimum amount of money into your account to start trading. This amount may vary depending on the account type you choose.

Conclude

Through this article, XForex has provided detailed information about the XTB exchange. If you encounter any difficulties during the transaction, please comment to receive support. Follow the XForex  website regularly to be updated with the latest information from Forex exchanges.

FAQ

How do I activate my trading account?

To activate your trading account, after registering on the XTB website or app, you need to check your registration email and follow the instructions in the email to confirm and activate your account. 

What platform does the XTB forex exchange use?

XTB uses the trading platform xStation. This is a powerful trading platform with super-fast processing capabilities and no latency. At the same time, it provides many useful features such as charts, economic calendars, event information, technical analysis, and many other features to help you trade flexibly.

How to cancel the XTB demo account?

To cancel your XTB demo account, you do not need to do anything. The demo account will automatically expire when the time runs out or the virtual money in the account runs out.