XTB Opinion - Latin America

Opinions and information about the broker XTB - Latin America

 

¿It is the really reliable XTB broker? Is it safe for you to invest your money with this company? In this section we will analyze the broker and its reputation as such on the internet. We invite anyone who has experience with this company, to leave a comment with their experience and to give the broker a score.

We want to differentiate this opinion from the opinion for XTB Spain. This opinion and assessment focuses on Latin America, 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 Spain, or you are interested in the Spanish version, 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), IFSC (Belize) and by the CNMV (Spain).

 

XTB website
XTB website

Now then, we will go on to analyze the different types of account that the broker offers. In this case, it offers the Sandard Account (which is divided into 3 types of Standard Account, A, B and C) and the PRO Account.

We will start with the characteristics of the Standard Account (remember, which in turn is divided into account A, B and C): minimum initial deposit of: A: 15.000 USD / B: 1.500 USD / C: 500 USD, floating spread, of An account manager will be provided free of charge, leverage of up to 1: 200, minimum spread of A: 0.40 / B: 0.9 / C: 1.6, stop out of 30%.

Some of the characteristics of the PRO Account are: minimum initial deposit of 75.000, market spread, an account manager will be provided free of charge, leverage of up to 1: 200, minimum spread of 0.28, stop out of 30%.

The platforms provided to trade are: xStation and MT4.
 

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We will now go on to analyze the different resources and help that the broker provides to its clients and users on its website: explanation of basic concepts such as what the forex is and how it works, indices, commodities, cryptocurrencies and others, the now classic calendar economic, a section with different market analyzes, live price of financial instruments, stock analysis, they even have a training section with different guides that explain basic concepts, such as how to use the platform to trade and also webinars, among others means. In this sense, the broker is very complete.

  

Characteristics of the XTB broker - Latin America

 

 

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Additional information about the company

 

Phone number: +52 5585263201 (Mexico), +57 13819719 (Colombia), +55 1140404579 (Brazil), +54 1152357099 (Argentina), +56 2 32629600 (Chile) and +51 1 7124709 (Peru)

Email: [email protected]

Website: www.xtb.com/lat

Clarification: XTB works in different countries, so the information provided may not apply to your country, this review is directed to Latin American countries.
* Bonuses or promotions: None by the moment

 


 

XTB valuation

 

With the information we have so far, the comments and reviews of users and traders, our opinion is positiveDue to the information that the broker is regulated by different regulatory bodies, from different countries. 

Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.

 

Are you part of XTB? Are you a representative or worker of the company? Write to us here >> use this form << 

 

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Review Rating

11 comments on «XTB - Latin America»

  1. Jorge Luis Reply

    Greetings, I have been trading with the demo account to test.
    I notice that the assessment is positive, but I still have some doubts; You, for example, mention that a reliable broker is regulated by countries like Germany, England or the USA. Does this broker have any regulations for one or more of these countries? Thank you

    • reliableforexbroker.com Reply

      Hi Jorge, we thank you for sharing with us your experience with the XTB broker. Well, it depends on what country you are from, if you are in Latin America we understand that XTB has Belizean regulation, which in our opinion is very unsafe.

      a greeting

  2. robin Reply

    Hello,
    Is the 25 dollars charged by the intermediary bank only for withdrawal? Or do they also charge it for the income of the money to xtb?

    • reliableforexbroker.com Reply

      Hello Robin, for this type of question you should directly contact XTB.

      a greeting

    • reliableforexbroker.com Reply

      Hello Diego, in this same section you can read our opinion, although we are also waiting for more experiences from XTB customers.

      Greetings.

  3. everluis Reply

    Greetings, my name is ever jimenez, I have a real account and I have demo accounts. this is a serious and responsible company.

    • reliableforexbroker.com Reply

      Hello everluis, thank you very much for sharing your experience with XTB with us… Do you remember how you came to find this company?

      A greeting.

  4. Marco Reply

    Hi Franklin
    You can tell me from which country you operate.
    What is not very clear to me is what type of bank account or credit card I need to have to make deposits and withdrawals, if the account must be for international transactions, I am from Peru.
    regards

  5. Franklin Gordillo Reply

    Greetings: I have been operating with Xtb for more than a year and so far my experience has been very positive because when withdrawing my money they have not hindered me and this operation is done from the page without the need for an advisor to approve it . The withdrawal is done immediately from the account and when I asked how long it took to receive the money, they told me that it was approximately 6 days, so it was a surprise for me to have him 24 hours after the request. Just a small detail and that is that I received $ 25 less than requested and when claiming they showed me that the withdrawal was made for the full value. It appears that the intermediary bank, the HSCB, kept that commission.
    Thank you

    • reliableforexbroker.com Reply

      Hello Franklin, thank you very much for sharing your experience with XTB, greetings.

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