Opinions and information about the XTB broker
¿It is the really reliable XTB broker? In this section we will talk about this broker, its characteristics and information about it. We invite anyone with experience with this company to leave a comment with their experience.
We want to differentiate this opinion from the opinion for XTB Latin America or Latin America. This opinion and assessment focuses on Spain, since the broker has different characteristics for the Latin American market, which forces us to make two different evaluations and reviews about the broker. If you are from a Latin American country, or you are interested in reading that version of the review, then you can read it here.
XTB, previously known as X-Trade Brokers, is a forex broker that began offering its services in 2002 and has expanded with offices in more than 10 countries, including Uruguay, which is curious, since not in America. Latin America is not as prominent a market for brokers as there is in Europe, for example. The broker has two headquarters, both in London, England (UK) and in Warsaw, Poland.
In this case, it is a regulated broker, the broker it is regulated by various regulatory bodies, such as the FCA of the United Kingdom, by FSA (Poland) and by the CNMV (Spain).
The first thing that we will analyze about this broker are the account types and their characteristics. In this case, the broker offers us and provides us with 3 different types of account: the Basic Account, the Standard Account and the Pro Account.
We will start with the Basic Account: the minimum initial deposit is € 0, leverage up to 1: 200, it has a fixed spread, instant execution, a minimum spread of 1.6, the stop out margin level is 30%.
This is followed by the Standard Account: the minimum initial deposit of the Standard Account is also € 0, it has leverage of up to 1: 200, floating spread, the execution is instantaneous / market, the minimum spread is 0.9, the level of stop out margin is 30%.
The last type of account is the Pro Account, here are some of its characteristics: the minimum initial deposit is € 100.000, it has leverage of up to 1: 200, market spread, execution is market, the minimum spread is 0.28, the stop out margin level is 30% -
The platforms on XTB they are xStation and MT4, and they are available for all account types. CFDs, Forex, Commodities, Indices, Shares and ETFs are possible in the 3 types of account.
If we look at the resources or tools that XTB offers on its website for the trader, we can see that they have some resources such as: webinars, market analysis, explanation of basic concepts for the trader, market news, a series of seminars, guides, different courses related to the market and investing in them, and economic calendar among others means. In this aspect, the broker is very complete.
Features of the XTB broker
Additional information about the company
Phone number: +34 915 706 705 (office), +34 915 706 705 Extension 3 (marketing) and +34 915 706 705 Extension 2 (customer service)
Email: [email protected]
Clarification: Note that XTB works in different countries, so the information provided may not apply to your country, also, in this particular case, we focus on the Spanish version of the website.
With the information we have so far, the comments and reviews of users and traders, our opinion is that it is a reliable broker. Although we have read some negative comments, our opinion about this broker is positive.
Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.
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