XTB Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Nov 16, 2022
Find out all details about XTB Commission or Brokerage Charges here. That last-viewed broker is perhaps offering lots of features and benefits for free along with its trading services.
But attention, please! Before you end up making a costly assumption, make sure you review what their charges and commission pages speak.
Such as, if you are planning to use the XTB, inquire about whether this broker is apt at giving you the desired service.
This will stay a doubtful subject until you are fully clear on XTB Commission.
How does the XTB trading platform charge a commission on trade? What is the major source of income to the broker?
All such questions become vital to raise if you want to build up trust for a broker.
But there’s no need to search more about XTB Brokerage because this article will be your detailed guide on XTB and the commission it charges on trading.
XTB Commission or Brokerage Charges
At first glance, XTB Commission may appear a bit horrifying to newbies. The broker does charge a commission on every single trade you make at XTB.
But it’s worth noting that XTB Brokerage isn’t similar for all.
The broker keeps its services and offering in two different portions so that both professionals and beginners could receive the best of XTB trading services.
To simply put, the broker offers you two trading accounts, each with different specs and commission structure.
Another thing that’s worth mentioning about XTB is that XTB is a Market Maker and STP broker.
This indicates that XTB Charges commissions on trade, but apart from that, the broker also makes income from market spreads.
No wonder, for many, XTB has already turned into an expensive alternative. Still, there are lots of great things about XTB that despite being an expensive broker binds users.
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Types of XTB Commission Plans
|Types of Commission Plans
|No minimum deposit
|No minimum deposit
|$3.50 per lot
Moving on to this XTB Commission review, let’s unwrap some exciting details about XTB trading services that are offered through separate accounts.
In the mainstream, XTB offers two trading accounts. Users can select the ideal account based on their trading level and needs.
To simply put, you receive a “standard account” and a “pro account” to select from. Standard Account delivers you a commission-free trading experience.
If you are a newbie and just want to trade with a small amount, a standard account is certainly a good choice for you. But it’s worth noting that the standard Account has fixed spreads up to 0.3pips.
On the other hand, you see a pro account in which XTB Brokerage starts from $3.50 per lot. You can also see spreads of 0.2 pips in this second Account.
But, it seems that XTB has some of the lowest leverage to offer. Unlike other trading platforms, XTB offers you a 30:1 leverage facility, which is undoubtedly very small.
But if you prefer using your own capital, this little flaw must not bother you.
Apart from that, XTB asks you for a zero initial deposit amount to submit.
XTB Account Opening Process
After covering in detail about XTB Commission, let’s catch a glimpse of the account opening process.
All you need is, complete a simple online form provided by the broker to get started.
Here are the steps involved in the account opening process at XTB.
- First, you will be asked to submit some basic details about the user at the broker’s registration page.
- Similarly, give some time to the broker to verify your mentioned details. This may even include your email verification.
(Note: but make sure the basic details you mention manually must be matched with the details submitted on the documents that you’ll submit next.)
- Submit scan copy of your original documents to proceed with the EKYC process
- Once your application is approved, the broker would provide you access to your trading account at XTB.
But before you get started, make sure you don’t forget to review XTB Charges.
Even though the broker doesn’t charge you anything when you fund your account, it may charge you on trades.
Your buying and selling activities are inclusive of XTB Fees, so make sure you know it.
However, you can also give a quick try to XTB virtual trading platform (the demo account) if you just want to experience XTB services for trading.
XTB Payment or Withdrawal Methods
|Credit Card, Neteller, PayPal, Skrill, Wire Transfer
It’s no surprise that the XTB Commission is the key factor that you will be considering throughout the process of starting trading at XTB.
And again, you can’t forget to include the Payment Method into your consideration since transactions are also subjected to charges.
So let’s make it easier. Here are the payment and withdrawal methods that the broker provides you for transactions.
- For payments, you can use – Credit Card, Neteller, PayPal, Skrill, Wire Transfer.
- For withdrawals, you can use – Wire Transfer.
Yes, XTB only accepts wire transfers if you want to withdraw the amount from your portfolio.
Even though, whatever the payment method you might have used before while funding your Account, for withdrawals, you only receive a wire transfer option.
However, XTB might be providing only a Wire-Transfer facility for withdrawals for security reasons.
Still, this particular thing continues to become a point of debate since not so many traders prefer wire transfers for the transaction.
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XTB Investment Assets
|bitcoin, bitcoin cash, dash, eos, ethereum, ethereum-classic, litecoin, ripple
|Total Tradable Assets
|Number Of Currency Pairs
|Number Of Cryptocurrencies
|Number Of Stocks
|Number Of Indices
|Number Of Commodities
|Number Of Futures
|Number Of Options
|Number Of Bonds
|Number Of ETFs
The varieties of assets you find at the XTB trading platform for trading are worth considering because it is another big factor that helps you reach an ultimate decision.
However, XTB Charges also depend upon the assets you choose at XTB for trading.
The broker provides you access to 11000+ tradable instruments, which is a bit surprising.
Unlike other trading platforms that perhaps offer you cheaper deals, XTB gives you access to a complete package if you are ready to pay a bit high.
Even though it has higher charges than an average industry broker, still selecting XTB for trading is a worthy decision because the broker offers you a broad series of assets for trading.
Out of these 11000+ assets, 9000 are stocks, and 1600 are futures.
You can also trade crypto-currency, currencies, commodities, indices, ETFs, and Bonds, etc.
The broker provides you access to almost every popular asset that people love trading for.
XTB Commission – Conclusion
In contrast to other trading platforms, the broker becomes a bit expensive because XTB Commission is higher than average industry charges.
You can find multiple payment options to fund your account, but the broker provides only wire transfers for withdrawals.
Though, many traders may find XTB Charges reasonable since the broker gives you access to a big selection of assets.
Other trading platforms don’t offer trading services in every market, but XTB does.
Therefore, despite some of the significant shortcomings, XTB somehow manages to become one of the widely used trading platforms.
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XTB Charges or Fees – FAQs
Here is the list of FAQs related to the XTB Commission:
Does the XTB Charge Commission?
XTB charges commissions on trading.
But it mainly depends upon your account selection.
The broker offers you a standard account and pro Account, each satisfying the different needs of traders.
Standard Account offers you a commission-free trading facility. But the pro Account is subjected to the commission.
How Much Does XTB Charge Brokerage?
XTB charges brokerage at the rate of $3.50 per lot.
Pro account also comprises spreads of 0.2 per lot. If you are a higher-level trader with ample capital for investment, you may think about a Pro account.
At the same time, if you are a beginner, choosing a standard account makes wise sense.
You can access a commission-free trading facility in the standard Account, which is absent in the Pro account.
What Is The Minimum Deposit Required In XTB?
There’s no minimum deposit amount needed to access the XTB trading account.
XTB offers two trading accounts, “standard” and “pro account,” and both can be accessed at zero deposit amount.
But, it’s worth noting that XTB charges commissions on trade.
How Much Leverage Does XTB Provide?
XTB offers some of the lowest leverage facilities on its trading platform.
The broker provides leverage in 30:1, which is comparatively lower than other brokers who offer higher leverage facilities to traders.
Moreover, lower leverage shouldn’t be a disturbing factor if you want to use your own investment capital for trading.
How Much Is Spread At XTB?
XTB has a spread of 0.2 to 0.3 pips that varies in the trading account that XTB offers.
To simply put, in the standard Account by XTB, you access spreads of 0.3 pips.
At the same time, in the pro account, you access spreads of 0.2 pips.
What Type Of Commission Plans Available In XTB?
When it comes to commission, XTB is transparent with its users.
The broker has specified every trading charge on its trading platform.
In a nutshell, the broker charges $3.50 per lot.
If you are using a standard account, the broker provides you access to a commission-free trading facility.
Does XTB Provide Cryptocurrency For Investment?
Yes, XTB provides a crypto-currency trading facility to the broker.
Some of the most popular cryptocurrencies, including Bitcoin, Bitcoin-Cash, Dash, Eos, Ethereum, Ethereum-Classic, Litecoin, and Ripple, can be found for trading at XTB.
However, it’s worth reviewing the commission linked with the market in which you are planning to enter for trading. Crypto-currencies are also subjected to charges, so make sure you check them entirely at XTB.
Is XTB A Legit Forex Broker?
XTB is a legit forex broker, and millions of active users from all across the world are evidencing it.
The broker gets licensing from CNMV in Spain, CySEC, FCA, IFSC, and KNF, which clearly describes XTB among the most trusted online brokers.
Apart from that, the broker has even won multiple awards for its brilliant trading services during its lifespan.
Can I Invest In XTB With $5?
Yes, you can invest in XTB for $5 only. But before you get started, make sure that you are aware of the charges included with trading at XTB.
Even though the broker doesn’t ask you to submit the initial deposit amount as you can access the market directly, still it’s worth noting the brokerage that XTB charges on every single trade.
Are There Any Hidden Charges Available With XTB?
Although XTB has no hidden charges to drop you into a disturbing situation, still it’s worth considering that the broker may impose penalties.
If you miss the basic trading rules, you are more likely to invite some annoying penalties at XTB.
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