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XTB was first mentioned on the Internet in 2012. According to the broker's official website, the history of the company dates back to 2016. The broker’s full name is X-Trade Brokers. The company began trading on the Warsaw Stock Exchange. In 2010, the broker established several new branches in different countries across the world such as in the Netherlands, the Czech Republic, Austria, France, Hungary, etc. Nowadays, X-Trade Brokers has offices in more than 13 countries. The company holds certificates from five regulatory authorities: FCA, IFSC, CNMV, CMB, and KNF.
The broker emphasizes that the safety of client funds is of utmost importance to the company. Therefore, X-Trade Brokers keeps client funds in segregated accounts.
Trading conditions
The broker provides access to a variety of trading instruments such as currency pairs, commodities, stocks, indices, bonds, CFDs, and cryptocurrencies. The company offers its clients two types of accounts - standard and professional. Traders can test their trading skills with the help of a demo account. A demo account is available within 30 days after registration. XTB ensures negative balance protection for all types of accounts. It means that a trader cannot lose more than s/he initially invested. The highest leverage is 1:200. There are no bonuses and promotional offers. However, active traders can get cashback from their transactions.
Trading platforms
XTB clients have access to the popular MetaTrader 4 platform and xStation 5, the company’s own software. Both trading platforms are available for the desktop along with mobile applications.
Customer service
Clients can contact the customer support, which is available around the clock, via feedback form on the official website or by phone.
Deposit and withdrawal of funds
The deposit and withdrawal of funds is carried out through bank transfers, Visa and MasterCard credit cards, as well as PayPal and PayU electronic wallets. Traders should pay special attention to the size of a fee.
Traders’ reviews
Traders share their negative trading experience with the broker on the Internet, including problems with the withdrawal of profit and a lengthy account registration process. For example, Russian traders comment on the lack of the customer support and an interface in the Russian language. However, there are many positive reviews about the broker’s activity on the Internet as well.
Broker’s advantages and disadvantages
Advantages of X-Trade Brokers:
- regulated by five reliable financial authorities
- wide selection of trading instruments
- low minimum deposit
- demo account
- low spreads
- offices in 12 countries
Disadvantages of X-Trade Brokers:
- complex account registration process
- limited validity period of demo accounts
- no bonus programs
- negative traders’ experience
Conclusion
X-Trade Brokers offers its clients a wide range of trading instruments, popular platforms, and training materials. In addition, the brokers activity is regulated by reliable supervisory authorities. At the same time, we recommend that you carefully study the company's reputation, since even a few negative comments can indicate that the broker may be unreliable.
