Question 1

Is XTB regulated?

Accepted Answer

Yes, our review of XTB found that the broker has licenses from not one, but four different regulatory organizations. Namely, IFSC, CySEC, the UK’s FCA, and KNF. These licenses, both individually and collectively, ensure that XTB operates responsibly and fairly at all times.

Question 2

Is XTB a scam?

Accepted Answer

No, the trading terms and conditions offered at XTB certainly don’t indicate that XTB is a scam. If you take a look at what other trustworthy brokers offer, you’ll see that XTB meets and even exceeds these standards. The broker has proper licensing materials, profitable trading conditions, and various tools to conduct accurate technical and fundamental analysis. By providing you with all of these features, it’s pretty clear that XTB is definitely not a scam.

Question 3

What is the minimum deposit at XTB?

Accepted Answer

XTB does not insist on a minimum deposit amount for opening an account in most jurisdictions. Do note, however, that if you are trading with XTB from the UK, you will need to make an initial deposit of £250. Overall, and when compared to other brokers, these requirements (or lack thereof) make XTB very accessible to all types of traders.

Question 4

Does XTB charge commission?

Accepted Answer

Yes, XTB does charge small commission fees but only on certain instruments. Wherever it’s possible, XTB tries to eliminate both in-trading and non-trading fees. For the Standard account, for instance, there are no commissions for forex, indices, commodities, and cryptocurrencies. For stock and ETF contracts. however, commissions start at 0.08% per lot.

Question 5

What XTB account types are there?

Accepted Answer

There are two regular accounts at XTB: Standard and Pro, plus an Islamic account. With these accounts, you can trade all of the available instruments and benefit from an array of research tools and educational materials. On top of that, you can also choose a demo account if you want to practice your trading skills.

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