XTB has become one of the top-rated brokers in the world.
In 2018, XTB reported an EBITDA of USD 12.2 million.
Corporate Social Responsibility
XTB was one of the first brokers to introduce a social responsibility program, called the “XTB Community Fund”. The XTB Community Fund provides funding to NGOs working on social causes. The company’s Community Fund was created in 2006. Since then, it has raised more than USD 1.2 million for over 60 different organizations.
XTB is one of the only brokers in the world to offer a variety of innovative financial products, including derivatives and CFD. As a result, it has a wide range of clients, from small businesses to major corporations. In order to ensure the long-term sustainability of the company, XTB actively invests in its employees and clients.
In 2018, XTB was awarded the award for Best Financial Services Provider for its CSR program.
XTB has won several awards, including the following:
Winner of the Best Brokerage Service Award in the financial sector at the 2015 Gartner Magic Quadrant for Brokerage Services.
XTB pros and cons
As I have noted in my previous reviews, I don’t find this to be a deal-breaker. However, it should be noted that many other brokers offer free fundamental data, which is very useful for investors who want to monitor a stock’s development.
XTB does not offer stop loss orders or margin accounts. However, they do offer a robust trading platform, which allows for customised trading rules and offers several risk management tools.
XTB does not offer a free demo account.
Trading platform is easy to use.
Minimum deposit is low and there are no withdrawal fees.
High commission-free CFD trading.
Low fees for stocks and ETFs.
Risk management tools available.
Fees charged for stocks CFD trading are high.
Fundamental data is limited.
No free demo account.
XTB is a small broker, with a limited product portfolio, but a decent trading platform and some useful features. It does not offer a free demo account, which is something I don’t think I’ve seen elsewhere. I think this is something that is easily fixed, and I would like to see XTB add a free demo account to their offering.
XTB trading fees
On this occasion, we compare the following pairs: XTB and FTSE 100 CFD, XTB and EUR/USD CFD, XTB and GBP/USD CFD, and XTB and USD/JPY CFD.
We assume that all the clients’ accounts are started with the same amount of money. This is not a common situation. However, we think that it is important to understand the fees of different brokers from the same initial amount of money.
XTB has average non-trading fees. There is no account fee, no deposit fee for bank transfer deposits, and no withdrawal fee for bank transfer withdrawals above a certain threshold (between $50-$200 depending on your country of residence). To conclude, XTB is a no-fee crypto-currency exchange.
XTB Deposit and withdrawal
You need to use the “deposit” option on the left-hand side of the page to deposit funds into your account.
The deposit window will be open for a few seconds after you have logged in.
Deposit Funds into Your Account. If you are using your browser to log into the Trade Binary Options platform, you will see the Deposit Funds option in the left-hand navigation bar. If you are using a mobile app, you will see the Deposit Funds option on the main page.
If you have just signed up, you will be taken to the “New User” page. On the left-hand side of the page, you will see the Deposit Funds option.
Click the Deposit Funds option. You will be taken to the Deposit Funds page. You can deposit funds in three ways: Bank Wire, Cash Deposit, or Online Deposit.
If you want to deposit funds using a bank wire, you will need to enter your account number and the account number of the bank where you want to transfer the funds from.
Click the Bank Wire option. You will be taken to the Bank Wire page.
In addition to the above, you may also use one of the following methods of payment:
Bank wire transfer
Credit card payments are accepted only if you are a registered user of XTB.
If you are depositing funds from a bank account in your country, you can use the wire transfer service provided by your bank. You may find the relevant details in your bank’s website.
If you are depositing funds from a bank account in another country, please contact your bank to find out how to transfer funds from your account to XTB.
The funds will be deposited to XTB within 48 hours of the request. Please note that this time frame is dependent on the transfer method you choose.
You can use your credit card to pay for your transactions. Credit cards are accepted only if you are a registered user of XTB.
You can choose the method of payment you prefer when making a deposit or a withdrawal.
The funds will be deposited to XTB within 48 hours of the request. Please note that this time frame is dependent on the payment method you choose.
Moreover, you can download the app on up to 5 devices at the same time, meaning you can use the app on the go even if you are on a long train journey.
In addition to the native mobile app, XTB offers mobile apps for both Android and iOS devices.
XTB’s mobile apps are available on the Apple App Store and Google Play.
XTB’s mobile apps can be used to access your accounts from anywhere, at any time, on any device.
XTB is the first Forex broker to offer access to all of the main financial markets via the mobile app.
As a mobile-only broker, XTB’s apps allow you to manage your accounts from your mobile device (Android, Windows and iOs devices) on the move, wherever you are: all you need is an account with us and a working internet connection or 3G/4G access!
The platform was developed by XTB, the UK’s number one FX trading app, with the goal of providing traders with the best trading experience possible. Our mission is to offer the most powerful, easy-to-use and efficient mobile trading platform, with no hidden fees and commissions.
What sets us apart from other mobile trading apps?
* Full optimisation for mobile devices:
– Our app was designed to work perfectly on mobile devices, offering the best possible experience for traders
– Our app is completely free and fully optimised for mobile devices, including touch screen and mobile keyboard
– We use only the latest technologies, including HTML5, to ensure a great experience on mobile devices
– Our app is fully compatible with all Android and iOS devices, including smartphones, tablets and iPads