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XTB.com Exchange Review

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XTB is one of the largest CFD platforms that offers trading in a variety of financial assets like stocks, cryptocurrencies, commodities, forex, ETFs, and indices. The trading platform is owned by XTB Limited, which is headquartered in London, United Kingdom. XTB has offices in over 13 countries including UK, Poland, Germany, France and Turkey. With more than 14 years of experience, XTB has gained the trust of millions of members worldwide.
Essential Information
Homepage https://www.xtb.com
Established
2007
Supported Trading Coins ADABTC, BCHBTC, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), ETHBTC, ETHERCLASSIC, Ripple (XRP), Dash (DASH), DSHBTC, Litecoin (LTC), Stellar (XLM), TRXETH, TRXBTC, XMRBTC, EOS (EOS), EOSETH, EOSBTC, IOTABTC, LTCBTC, NEOBTC, XEMBTC, XLMBTC, XRPBTC, ZECBTC.
Supported Payment Methods Credit/Debit cards (VISA/Mastercard/Maestro) , Bank transfer , Paypal , Skrill , Neteller , Paysafe
Supported Countries Chile, Norway, Cyprus, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovakia, Spain, Turkey, UK, United Arab Emirates, Sweden and any other country which is not listed in the ‘Excluded’ section.

More About XTB :

XTB Limited is authorized and regulated by the UK Financial Conduct Authority (FCA). To comply with the FCA regulations, XTB takes extensive measures to keep its clients’ funds secure by holding them in segregated bank accounts. Moreover, its clients are eligible to get compensation of up to 50,000 GBP per person, as they are protected under FSCS (Financial Services Compensation Scheme).

xStation 5, the web trading platform of XTB is both intuitive and accessible, to provide a seamless user experience. It provides a detailed graph/chart for users to analyze the price movements of various assets. It supports 10+ languages including Spanish, French, Italian, German and Portuguese. Apart from xStation5, XTB offers another trading platform named MetaTrader 4 which is available in both web and desktop versions.

Like most of the trading platforms, XTB allows users to trade on the go using its mobile/smartwatch app on both iOS and Android devices. Moreover, XTB offers a free demo account (valid for 4 weeks) which will help users to test their trading skills without the risk of losing money.

The following review analyses several aspects of XTB, whilst providing you with an all-rounded detailed overview of the trading platform and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend that you visit their site for any important updates which might occur after this review is published.

Is XTB Safe?

All the transactions made by users on XTB are protected with SSL encryption to provide better security. XTB stores the customers’ funds in segregated client bank accounts in accordance with FCA. Moreover, customers’ funds are protected by the Financial Services Compensation Scheme (FSCS) for up to 50,000 GBP per person in the unlikely event of the company’s insolvency.

XTB CFD Trading Platform

XTB allows users to trade CFDs of the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple. Apart from cryptos, XTB also offers CFD trading in stocks, forex, commodities, indices, stocks, and ETFs. To get the full list of financial assets available on XTB, check out their website. The trading platform offers a demo account with a balance of 100,000 GBP to help users learn trading skills without the risk of losing their money.

User Friendliness

The trading platform of XTB is simple and easy to navigate. With its elaborate graphs/charts, users can easily understand the price changes of assets and they can configure price alerts for the individual instrument as well. Moreover, users can customize the layouts of the CFD platform by selecting one of the four options: Grid, Vertical, Horizontal, Fullscreen.

XTB also offers a mobile app (Android / iOS) to help users when trading on the go.

XTB CFD Trading Account

The sign-up process on XTB is extensive since you need to fill their application form which has fields including your name, address, phone number, income, and assets. In addition to providing your personal information, you need to answer a few questions related to your trading knowledge.

XTB offers two types of accounts: Standard and Pro. There is no commission for Standard accounts whereas a nominal commission is applicable for Pro accounts. Besides commission & spread, there is no significant difference between these two types of accounts. Check out their website, if you are looking for a detailed comparison between them.

How to Sign up with XTB

Follow the below steps to create your account on XTB:

XTB Exchange Sign up

  1. Navigate to their site and click ‘CREATE ACCOUNT’.
  2. Enter your email address and select your country.
  3. After agreeing to their terms, click on ‘NEXT STEP’.
  4. Enter a strong password and click ‘NEXT STEP’.
  5. Follow the on-screen instructions to fill all required fields in the application form.

Congratulations! You have successfully created your account on XTB. In order to start trading, you must complete the KYC procedure by navigating to Client Office. Then, log in using your credentials and upload the required documents to verify your address & identity. Once your documents are approved, your account will be activated.

How to Log in with XTB

To log in to your account, follow the below steps:

XTB Exchange Login Screen

  1. Navigate to their site and click ‘Login’ on the to right.
  2. Click XSTATION 5 REAL/DEMO.
  3. Enter your email address, password and click ‘Login’.

Now, you will be logged in to xStation5,  web platform of XTB.

Verification Requirements

Since XTB is a regulated CFD platform, you must verify your phone number and submit all the required documents to confirm your account, before starting to trade. To verify your identity, you must upload a copy of a valid government-issued ID such as passport, driving license or a national identity card. To verify your address, you can upload a bank statement, utility bill, tax statement or phone bill.

How to Buy or Sell Bitcoin CFDs with XTB

Before buying/selling CFDs, you would first be expected to have verified your account and already deposited the required funds.

How to Deposit Funds on XTB

Follow the below steps to deposit funds on your account. The minimum deposit amount is 250 EUR/USD/GBP.

  1. Log in to your Client Office and click ‘Deposits’ tab.
  2. Select your trading account and payment method.
  3. Follow the on-screen instructions by filling all the required information to deposit funds on your account.

Once your transaction is processed, funds will be credited to your account. Generally, bank transfers will take a bit of a long time when compared to electronic wallets like Paypal.

Now, let’s see how to buy/sell Bitcoin CFD on XTB.

XTB Buy or Sell Bitcoin CFD
Screenshots are shown for illustration purposes only. Actual product may vary.
  1. Log in to your account.
  2. Under ‘Market watch’, select Bitcoin.
  3. Click the information icon (which is the letter ‘i’ button) to open the order screen.
  4. Enter the volume of your order and select ‘Stop Loss’ or ‘Take Profit’ to set the order type.
  5. Click the ‘Buy’ or ‘Sell’ button depending on the direction of your trade.

Once your order is placed, you can track the status of your assets under ‘Open positions’.

How to Cash Out on XTB

Follow the below steps to place your withdrawal request: to avoid fees, make sure that your withdrawal amount is greater than or equal to the threshold, which varies depending on the currency. For example, if your withdrawal amount is greater than 80 EUR, then a fee is not applicable. Refer to the ‘Platform Fees and Limits’ section of this post to know more information about withdrawal fees.

  1. Log in to your Client Office and click on the ‘Withdraw’ tab.
  2. Select your trading account and enter the amount of withdrawal.
  3. Click ‘Withdraw’ and follow on-screen instructions to place your withdrawal request.

Generally, all withdrawal requests are processed within the same day, if it is made before 1pm. Otherwise, it will be processed on the next working day. Once your order has been processed, your funds will be credited to your account depending on the processing time of your bank or card provider.

Supported Cryptocurrencies

At the time of writing, XTB supports trading the following cryptocurrency CFDs:

ADABTC, BCHBTC, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), ETHBTC, ETHERCLASSIC, Ripple (XRP), Dash (DASH), DSHBTC, Litecoin (LTC), Stellar (XLM), TRXETH, TRXBTC, XMRBTC, EOS (EOS), EOSETH, EOSBTC, IOTABTC, LTCBTC, NEOBTC, XEMBTC, XLMBTC, XRPBTC, ZECBTC.

To get the latest list of cryptocurrencies supported by XTB, kindly check out their website.

Supported Countries

XTB accepts members from a lot of countries worldwide to trade CFDs.

Supported

Except for the countries listed in the below section, XTB is available to all countries including  Chile, Norway, Cyprus, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovakia, Spain, Turkey, UK, United Arab Emirates, Sweden and any other country which is not listed in the ‘Excluded’ section.

Excluded

At the time of writing, XTB doesn’t accept residents in USA (& US dependants i.e. US Virgin Island/Minor outlying Islands), Afghanistan, American Samoa, Australia, Bangladesh, Belize, Bosnia and Herzegovina, Canada, Congo, Cuba, Democratic Republic of Congo, Ethiopia, Guyana, Hong Kong, India, Iran, Israel, Japan, Kenya, Laos, Libya, Macao, Mauritius, Mozambique, New Zealand, North Korea, Pakistan, Palestine, Puerto Rico, Singapore, Somalia, South Korea, Turkey, Uganda, Vanuatu, Venezuela, Vietnam, Yemen

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