XTB is a regulated financial institution that offers low spreads, low currency conversion fees, and a mobile app. The company does not offer to trade on stocks. However, it does allow traders to speculate on short-term stock direction and price movements. In addition, XTB does not require a minimum deposit and does not require a minimum amount to trade.
The Financial Conduct Authority regulates XTB.
XTB is regulated by the Financial Conduct Authority (FCA), a regulator of financial firms in the United Kingdom. Its trading platforms allow retail clients to trade in foreign currencies and offer spreads starting at 0.1 pips for EUR/USD. For professional clients, leverage is up to 200:1. XTB is a member of the Financial Services Compensation Scheme.
XTB has offices in several countries, with its head office in Poland. It is regulated by numerous regulatory bodies, including the Financial Conduct Authority (FCA) and the International Financial Services Commission (IFSC). As a result, traders can trust the company to adhere to high standards and protect their funds.
It offers low spreads.
XTB crypto fees offer low spreads and brokerage costs. The firm doesn’t charge extra commissions, and the spreads are among the tightest in the market. On average, the company charges just 0.6 points and 2.4 pips during peak trading hours. This makes it an attractive choice for both beginners and more experienced traders.
XTB offers two trading accounts – a spread-only Standard account and a commission-based Professional account. The former is for European and U.K. clients, while the latter is exclusively for European clients. The average spread on EUR/USD is 0.91 pips. XTB also offers a learning center and free weekly market analysis. The straightforward pricing structure includes a flat commission fee of 0.08% per lot.
It charges a currency conversion fee.
XTB cryptocurrency has several deposit methods that include debit and credit cards. However, a currency conversion fee is applied to non-local currency transactions. You may not have to pay this fee if your account is held in USD or EUR. You can also use wire transfers and credit cards to make deposits and withdrawals.
XTB is licensed in the United Kingdom and Cyprus but is not available in the United States or Australia. It is also not available in Israel or Canada. The company offers spread betting, CFDs, Forex trading, and a trading app. The company has been around for 47 years and has a solid reputation. It also offers investment in crypto assets.
It has a mobile app
XTB is a well-known crypto brokerage with a mobile app that makes it easier for customers to manage their accounts. The platform holds client funds in segregated bank accounts and uses biometric security to protect your funds. It also requires you to use a password that contains upper and lower case letters, characters, and numbers.
XTB has several payment methods for deposits, including bank transfers and e-wallets. The app also features a market calendar, which shows upcoming events and market sentiment. In addition, users can buy assets from the xStation by selecting the lot size and pressing the buy button.
It offers low commissions.
XTB offers low commissions and a low minimum spread on a standard account. However, the minimum spread varies across regions. In the E.U. and U.K., it is as low as 0.3 pips. The spread in China, Turkey, and the U.S. is just 0.1 pips. XTB also offers segregated accounts for clients’ funds.
In addition, XTB offers 21 fee-free markets. It offers a commission of just 0.08% for commodities CFDs. Withdrawals from XTB are free up to a specific monthly volume.
It has no depositing fees.
XTB is an excellent choice for those who do not want to pay any depositing fees. Deposits made via bank transfers are free, and withdrawals are not subject to withdrawal fees. Alternatively, you can use PayPal or Skrill to deposit funds. However, you should note that bank transfers may take a few days to complete. Also, XTB only accepts deposits made from registered accounts.
XTB uses some exciting methods to ensure that client funds are kept safe. First, they store all client funds in segregated accounts. This ensures that there is adequate liquidity to allow withdrawals. This is very important, as some platforms often lock withdrawals.