Is XTB legit?
Yes, XTB is a legit forex trading.
Average rating: 4.2 / 5
Weighted average rating: 4.29 / 5
Based on 31972 reviews from 7 sources
Good service, withdrawal is good,received funds both on my dollar account and peso account..customer support is good,responded to email quickly...the platform is good very easy to use,they keep on updating..keep it up...i will recommend this to all my friends.source
XTB are actually a fantastic broker in my opinion and experience. I've been trading for many years, mostly with IG though I find in the last couple of years they've been less and less responsive. Opened a second account with XTB last year and am happy with the spreads, platform and level of customer support. I'll sometimes use their analysis though not too often, it's handy that it comes directly through to the platform.source
XTB is a broker that focuses on the European segment of the market, and therefore working with it for CIS citizens involves a number of inconveniences. I earn now constantly on this forex broker. A good convenient website where you can always watch changes in this area of the market, thank you for the quality resource that helps you earn.source
XTB does not accept U.S. clients due to regulatory constraints, which precludes it from truly being considered a global broker. This would be a red flag were it not for the fact that the company is regulated by the FCA which, along with U.S. regulatory agencies (NFA, CFTC), is widely considered to be the preeminent regulatory body.source
You can’t trade the underlying assets like stocks, ETFs, commoditiessource
Custom investment basket tool has been temporarily discontinued from xStation 5 platform.source
XTB has been included in the following lists
XTB (X-Trade Brokers) is a leading online brokerage firm that offers trading in a wide range of financial instruments including forex, commodities, indices, and stocks. Founded in 2002, the company has grown significantly and now operates in over 15 countries around the world. In this article, we will review XTB and answer the question, "Is XTB legit?"
First, let's consider the quality of service offered by XTB. The company is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the National Bank of Poland, which adds an extra layer of security for traders. XTB is also a member of the Investor Compensation Fund, which protects traders in the event of the company's insolvency.
In terms of trading platforms, XTB offers the popular MetaTrader 4 (MT4) platform as well as its own proprietary xStation platform. Both platforms are user-friendly and offer a range of advanced features such as advanced charting tools, one-click trading, and the ability to trade directly from the charts. XTB also offers a range of educational resources for traders including webinars, video tutorials, and a comprehensive trading academy.
Now, let's take a look at reviews from real users of XTB. Overall, the company has a good reputation among traders with many praising the quality of service and the user-friendly trading platforms. Some traders have reported delays in withdrawal processing times, but this appears to be a rare issue and the company has generally received positive feedback in this regard.
In terms of customer support, XTB offers a range of support channels including live chat, email, and phone support in multiple languages. The company also has a dedicated account management team to assist traders with any queries or issues they may have.
As for key features, XTB offers a wide range of financial instruments for traders to choose from including forex, indices, commodities, and stocks. The company also has a range of account types to suit different levels of traders, from beginner to advanced. Another notable feature is the ability to trade on the go with the XTB mobile app, which is available for iOS and Android devices.
Now, let's consider the pros and cons of trading with XTB.
Regulated by top-tier financial authorities Wide range of financial instruments available User-friendly trading platforms Comprehensive educational resources Good customer support Cons:
Some traders have reported delays in withdrawal processing times In conclusion, XTB is a legitimate and reliable online brokerage firm with a good reputation among traders. The company is regulated by top-tier financial authorities and offers a wide range of financial instruments and user-friendly trading platforms. While there have been some reports of delays in withdrawal processing times, overall the company has received positive feedback in terms of the quality of service and customer support it provides.
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