XTB Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Apr 28, 2022
With an easy-to-use interface and fully customizable features, XTB – a globally renowned trading firm – brings you the best working trading account. XTB trading account allows you to trade any type of asset on the go.
This Europe-based broker has much to offer for your best trading experience on XTB’s well-built trading account.
The most notable thing is, you can access your trading account and launch your trade on both desktop and mobile platforms.
Trading services to mobile users are available through the XTB trading app.
But here, we’ll exclusively cover some vital points on the overall functioning and benefits of the XTB trading account. This will even include how you can open a trading account at XTB.
In the end, we wrap up numerous points where the broker’s trading account wins and fails to outrank other brokers? So let’s get started.
XTB Trading Account and Benefits
If you want to enjoy sky-high returns on trading grounds, it’s vital to work with a reliable broker.
A broker that offers you every essential feature in its trading account can deliver you the best results.
Just like the XTB trading account, where you get every feature within reach as all details and clickable elements are perfectly aligned on the interface.
Some of the most popular regulators, such as CNMV in Spain, CySEC, FCA, IFSC, and KNF, keep their active eyes on XTB’s services.
Regulators assure you that you make the safest and a reliable trading decision at XTB.
That makes a great reason why you must think about trading at the XTB trading platform.
Nevertheless, before you go on a trading route with XTB, it’s worth covering a few additional details on the prospective broker.
This gives a brief insight into the ups and downs associated with a trading account before you dive in. Thus, more information on the XTB trading account is discussed below.
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XTB Trading Account Charges
|Trading Account Charges|
|Account Type||Standard Account||Pro Account|
|Initial Deposit||No minimum deposit||No minimum deposit|
|Spread||0.3 pips||0.2 pips|
|Commission||Commission-free||$3.50 per lot|
It’s no surprise that high charges can heavily impact the final profits you make on each trade.
Luckily XTB has no worse reviews when it comes to charges. The broker charges commission at average industry rates, which is a great thing.
Most notably, if you are a beginner, the broker charges nothing as you can enjoy commission-free trading.
At the same time, if you are an expert trader, the broker has a special account reserved for you in which, at a bit of extra commission, you access more features in your trading account.
Apart from that, the broker has no minimum deposit amount rule. You can enter your trading account through a simple sign-up and registration process.
Unfortunately, unlike other brokers, the XTB trading account doesn’t provide you with ample leverage support.
You only get 30:1 leverage which is pretty less in contrast to other trading platforms where you receive high treats. But, if you love investing in your own capital, this modest drawback has no meaning for you.
Types of XTB Trading Account
|Types of Trading Account|
|Trading Desk Type||Market Maker, STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
It’s undoubtedly a great idea if you are planning to launch your first trade on XTB online trading platform.
But before you proceed and end up putting your mind into confusion, it’s worth getting yourself fully sorted out over the trading account that the broker provides.
In short, the broker offers you a standard account and a professional account. The standard account is undoubtedly an excellent thing for beginners who don’t have an ample amount for investment.
At the same time, you see a Professional Account – which very obviously – is made for expert traders.
Leverage offering has been kept the same in both accounts, which is 30:1.
Though, commission and spread vary in both. Where the Standard Account is free, the Pro account charges $3.50 per.
Yet, it’s worth noticing that the broker keeps the spreads figure at 0.3 pips which is 0.2 if you choose Pro Account.
Beyond a doubt, both trading accounts seem to make a fair deal. Another vital thing worth keeping in mind is XTB is an STP broker. Thus, it primarily earns from spreads.
XTB Account Opening and Trading Process
From reliability to charges, the XTB trading account qualified on every checkpoint to become a favorite trading platform for brokers.
Thus, it’s time to know the exact method for account opening at the XTB trading platform. So let’s get started-
- First, we’ll be giving an email id to the broker and creating a password to qualify for the initial registration process.
- The broker asks us to give a scanned copy of the original documents at the second step, including the ID card, address.
- At the third step, we submit payment details.
- Once your account is verified, the broker asks you to select between account types, e.g. select between pro and a standard account.
- Fund your account and start trading
But before you start, explore what’s available on the interface. Indicators, charts, and other useful features are readily available on the screen.
The broker shares a list of features on its trading account that supports a user’s varying strategies and trading plans.
Also, XTB offers you a free demo account through a simple sign-up. Though, the demo account isn’t that helpful, which is unexpected as compared to other brokers who have lots of things to offer with a demo account.
Apart from that, XTB trading accounts are suitable for both beginners and pro-level traders.
From swing traders, day traders to long-term investors, it’s no surprise that the XTB trading platform caters to the needs of all.
Mobile users can also access trading accounts seamlessly through the XTB official trading app.
Find Different Trading Account Types of Forex Brokers
XTB Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||Yes|
|Other Trading Features||No|
Starting trading with XTB online trading is undoubtedly easy. But, if you are all set to launch your first trade at the XTB trading platform, let’s take a look at the features that are likely to draw more benefits for you.
XTB, in its suite of features, provides you with educational services. Similarly, you don’t just trade but learn with the broker.
With time, you get better at your trading skills and achieve the most out of your targets in one go.
Thanks to the indicators and charts that help you derive some golden trading signals so you can easily detect the best buy and sell points and make your trading the best money-making model.
Thanks to the email alerts services, which help a user to keep his active eyes on the market.
Will the market go higher or drop?
You can come up with some valuable predictions for trading.
The broker either sends emails at the end of the trading day or a certain instance if something happens with your trading account or inside the market.
Risk Management Tools
Like most brokers, XTB offers risk-management tools in its trading account.
During a trade, if you don’t want any unexpected turn, drop your entire investment amount, place stop loss and play in a safe zone.
At the same time, if you are fully confident about your targeted profits, use the take profit feature provided inside the trading account.
With the support of automating trading features, many activities can be carried out with ease.
You can set the limit on orders and leave everything on the broker who executes a trade on your behalf.
If you are a pro account user, the broker provides you with the assistance of an expert advisor.
You can take their support any time and make your trading more goal-oriented.
In addition to these standard features, the XTB trading platform runs promotional offers adding more benefits in your basket on choosing XTB for trading.
You can cover more details on promotion from the broker’s official website.
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XTB Trading Account – Conclusion
No wonder, XTB trading account brings you the best trading solution except for the demo account, which isn’t that good.
The broker charges a reasonable commission for its trading services and offers almost every feature on its trading account.
Some globally renowned regulators are on the back of the XTB trading account, which is a great thing as this assures your investment is safe.
The broker offers educational services, which proves that XTB cares for its users.
This Europe-based trading firm is currently working with 200+ employees making XTB’s customer support network more robust.
XTB Online Trading – FAQs
Here are some FAQs related to the XTB Online trading account:
Does XTB Provide Online Trading?
Yes, XTB provides online trading services to users.
The entire process, from registration to launching your first trade and withdrawals, is online.
Your queries are also solved online if you have any, which is a great benefit to the traders. You trade your favorite asset without leaving your comfort zone.
What Are The Commission Charges In XTB?
Commission charges at the XTB trading platform depend upon which trading account you choose.
To simply put, the broker offers you two trading accounts – standard account and pro account.
A standard account is best for beginners as you trade commission-free.
On the other hand, the pro account is ideal for expert traders where charges at $0.3 per lot are applicable.
Does XTB Provide Demo Account for Trading?
Yes, XTB provides a demo account for trading.
You can have a great virtual practical experience of trading through a demo account.
But unfortunately, it isn’t that appealing if you compare the XTB demo account with competing brokers’ demo account.
Is Trading Free At XTB?
For standard users, trading is free at XTB, but it’s worth noticing that taxes and some other charges can reduce a few figures from the final profits.
Apart from that, if you trade via XTB standard account, trading is almost free of commission.
Does XTB Provide Spot Metals Trading?
Yes, you can trade almost any precious metal on the XTB trading platform.
All that you need is thorough market analysis and sufficient capital for investment to get started, for which you can even take the help of a broker.
What Are Spot Metals Trading Charges At XTB?
Charges for spot metal trading vary based on certain factors.
First, the account you choose decides what charges will be involved.
The second factor depends upon the market and other factors that fluctuate the charges on trading.
Does XTB Provide Stock Trading?
Yes, XTB does provide stock trading options with the help of which you can invest in your desired company.
No matter how good you are at trading, what experience you possess in buying and selling an asset, sign-up for a trading account at XTB, and start learning.
In addition to the broker services, you can find some of the best educational tools at XTB.
What Is Spread At XTB?
Spreads at XTB are subjected to the account type you choose.
Standard account offers spreads from 0.2 pips that go up to 0.3 pips if you select the pro account.
Is XTB Safe For Trading?
XTB trading platform is undoubtedly the safest way to start trading.
Thanks to the top-tier regulators- CNMV in Spain, CySEC, FCA, IFSC, and KNF making XTB a reliable trading platform since every trading activity and service that XTB offers are monitored.
Does XTB Provide Trading Tips?
If you are a beginner and have no experience in trading, the broker has educational services to offer you free of cost. In the educational services, you grab some truly unique tips on trading at XTB.
Similarly, this adds more excellence to your trading strategies, making your trading moves more powerful than ever before.
Fill up the Form – Open Forex Trading Account Now!
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