XTB Review 2022: Everything you need to know

A multi-asset broker and global online financial trading platform, XTB were established in 2002.After more than 20 years, XTB has expanded to provide individual investors with access to Forex, CFDs, and cryptocurrency trading. A global broker is XTB. Germany serves as the headquarters of XTB.

XTB is a stock symbol that is listed. As a result, you can now legally purchase and sell shares of XTB on one of the major stock exchanges worldwide. Finding a broker who can suit your demands when trading on the financial markets might take a lot of time.

In this XTB review, we’ll examine the platform’s performance as an international platform for trading numerous financial assets for traders in 2022.

You frequently must visit and read numerous broker websites that use different language constructions. The language might be highly ambiguous. It can be challenging to select an online broker like XTB. The first few obstacles for a beginner may be what looks to be a complicated mobile or online trading platform, difficult-to-understand financial terminology, and perplexing cost structures. We outline the benefits and drawbacks in our evaluation of XTB. What can XTB provide, and in which countries is it available? Who controls XTB and other information?

More information about XTB Regulation and Licensing

We confirmed that XTB is overseen and regulated by respectable organizations’ may look up each regulatory and oversight authority for XTB listed below. You have several options due to regulation if you’re having problems with XTB. Regulating officers protect investors with programmes like reimbursement plans that allow clients to get their money back if a broker goes bankrupt.

To maintain their licenses and carry-on business in such jurisdictions, brokerage firms must adhere to regulations and standards set by those regulatory authorities. The law aims to protect XTB traders and create a more secure trading environment. It is crucial to have financial regulation and license clearance.

How to Create a New Account

Opening an XTB account is a quick and straightforward process. 

The following are the key actions you must do to complete the account opening Process:

Enter your email address, state of residence, and password for your account.

Type in your full name, birthdate, nationality, passport number, and tax identification number.

Mention the precise address (street, building name or number, apartment number, postal code, and city).

Select your desired options (a trading platform, account type, currency, and language)

Answer all of the questions on your prior experience altogether.

A bank statement and a national identification card

Trading Equipment

The general trading service’s array of options spans over 1500 global markets, including forex, indices, commodities, cryptocurrencies, equity CFD trading south Africa, and exchange-traded funds (ETFs).

Another thing worth mentioning separately is crypto trading, which allows you to trade Bitcoin, Ethereum, Dash, Ripple, or Litecoin using CFDs on a 24/7 basis without the need to keep a wallet, with leverage up to 1:5, and with incredibly affordable swaps like long 0.08% per day, short 0.04% per day, and spread calculated only by 1% from target.

XTB’S CUSTOMER SERVICE: IS IT TRUSTED?

A critical element of an online trading platform is customer service. If you continue trading long enough, you’ll need to ask your broker about concerns, and problems might occasionally arise. Nowadays, it is regrettable that a broker of this scale does not provide 24/7 assistance. Thus, we were unhappy that our assessment of XTB could only confirm 24/5 support. 

Although most individual investors won’t be trading on the weekends anyhow, 25/5 is still pretty useful. There are three ways to get in touch with XTB customer support. First off, the platform always has a live chat tool available. Although it is largely automated, we could still get quick, appropriate responses. It mostly linked us to helpful FAQs or areas of the website. However, the language support was excellent, including support for several minor languages like Romanian and Hungarian.

For our test throughout the evaluation of XTB, we merely asked for some help. Email support is provided by a single email. It was unexpected and remarkable that we received a call back within one to two hours. We did receive emails in response, and they were pertinent as well.