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XTB Review

4.5/5 - (10 votes)

XTB Review (1)

 

Overall, XTB can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. XTB offers an easy-to-use social copy trading platform with excellent customer support. XTB offers Ivory Coast traders two account types, namely Standard and Swap-Free. XTB has a trust score of 95 out of 99.

 

🧑‍⚖️Order Execution5/5
💵Commissions and Fees4/5
📈Range of Markets5/5
📉Variety of Markets4/5
⏱️Withdrawal Speed4/5
👥Customer Support5/5
📊Trading Platform3/5
🎓Education3/5
🗂️Research4/5
⌛Regulation5/5
📱Mobile Trading5/5
💯Trust Score95%

 

 

XTB Review

 

XTB Review – Analysis of Brokers’s Main Features

 

  1. ☑️ XTB Overview
  2. ☑️ XTB Detailed Summary
  3. ☑️ XTB – Advantages over Competitors
  4. ☑️ Who will Benefit from Trading with XTB?
  5. ☑️ XTB Safety and Security
  6. ☑️ XTB Bonuses and Promotions
  7. ☑️ XTB Affiliate Program Features
  8. ☑️ XTB Account Types and Features
  9. ☑️ XTB Base Account Currencies and Basic Order Types
  10. ☑️ XTB – Slippage and Requote Policy
  11. ☑️ How to Open and Close an XTB Account
  12. ☑️ XTB Trading Platforms
  13. ☑️ Which Markets Can You Trade with XTB?
  14. ☑️ XTB Fees, Spreads, and Commissions
  15. ☑️ XTB Deposits and Withdrawals
  16. ☑️ XTB Education and Research
  17. ☑️ XTB Customer Support
  18. ☑️ XTB Corporate Social Responsibility
  19. ☑️ XTB Cashback Rebates Features and Conditions
  20. ☑️ XTB Web Traffic Report
  21. ☑️ XTB Geographic Reach and Limitations
  22. ☑️ XTB vs LiteFinance vs TD Ameritrade – A Comparison
  23. ☑️ XTB Alternatives
  24. ☑️ XTB Awards and Recognition
  25. ☑️ Additional Features of XTB
  26. ☑️ Recommendations according to our in-depth review of XTB
  27. ☑️ XTB Customer Reviews
  28. ☑️ Pros and Cons of Trading with XTB
  29. ☑️ In Conclusion
  30. ☑️ Frequently Asked Questions

 

 

XTB Review – Analysis of Brokers’s Main Features

 

XTB Overview

 

XTB is not only well-established (20 years of Experience) but also one of the largest stock exchange-listed FX and CFD Brokers in the World. XTB offers access to world class trading platforms, educational resources and trusted customer support.

XTB is regulated by some of the world’s biggest supervision authorities, including the FCA, KNF, CySEC, and FSC.

 

 

XTB Overview

 

XTB Detailed Summary

 

BrokerXTB
🏦HeadquarteredPoland
🌎Global OfficesCzech Republic, Cyprus, Italy, Turkey, Chile, Belize, Portugal, Germany, Romania, Slovakia, France, Spain, London, Dubai, South Africa, UAE
📈Local Market Regulator in Ivory CoastBanking Commission of the West African Economic Monetary Union (WAEMU)
➡️Foreign Direct Investment in Ivory Coast1.4 billion USD (2021)
💷Foreign Exchange Reserves in Ivory Coast2.5 million USD (April 2024)
🏠Local office in YamoussoukroNone
👤Governor of SEC in Ivory CoastNone
✔️Accepts Ivory Coast Traders?✅ Yes
🔢Year Founded2002
☎️Ivory Coast Office Contact NumberNone
💻Social Media PlatformsLinkedIn
Twitter
Instagram
YouTube
Facebook
TikTok
📈RegulationFCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC
🥉Tier-1 LicensesFinancial Conduct Authority (FCA)
🥈Tier-2 LicensesThe French Prudential Supervision and Resolution Authority (ACPR)
Bundesanstait fur Finanzdienstleistungsaufsicht (BaFin)
The Dubai Financial Services Commission (DFSA)
Komisja Nadzoru Finansowego (KNF)
Comisión Nacional del Mercado de Valores (CNMV)
Financial Sector Conduct Authority (FSCA)
Cyprus Securities and Exchange Commission (CySEC)
🥇 Tier-3 LicensesInternational Financial Securities Commission (IFSC)
🔢License NumberUnited Kingdom – 522157
France – 52818
Germany – 10130601
Dubai – F006316
South Africa – FSP 49970
Cyprus – 169/12
Poland –
Belize – 000302/438
🏦Banking Commission of WAEMU RegulationNone
❌Regional RestrictionsIndia, Indonesia, Pakistan, Syria, Iraq, Iran, United States, Australia, Albania, Belize, Belgium, New Zealand, Japan, South Korea, Hong Kong, Mauritius, Israel, Turkey, Venezuela, Bosnia and Herzegovina, Ethiopia, Uganda, Cuba, Yemen, Afghanistan, Laos, North Korea, Guyana, Vanuatu, Mozambique, Republic of the Congo, Libya, Macao, Panama, Singapore, Bangladesh, Kenya, Palestine and the Republic of Zimbabwe
☪️Islamic Account✅ Yes
🗂️Demo Account✅ Yes
👉Non-expiring DemoNone
⏰Demo Duration30 days
📌Retail Investor Accounts2
🚩PAMM AccountsNone
📍Liquidity ProvidersNot mentioned
🤝Affiliate Program✅ Yes
🧑‍⚖️Order ExecutionMarket
🛎️OCO Orders✅ Yes
🖥️One-Click Trading✅ Yes
🏷️Scalping✅ Yes
🚨Hedging✅ Yes
🗣️Expert Advisors✅ Yes
📰News Trading✅ Yes
↘️Trading API✅ Yes
📝Starting spread0.5 pips EUR/USD
⬇️Minimum Commission per TradeNone on Forex, Stocks, ETFs, Crypto
💡Decimal Pricing5th decimal pricing
🖋️Margin Call100%
🛑Stop-Out50%
⬇️Minimum Trade Size0.01 lots
⬆️Maximum Trade SizeNot indicated
💰Crypto trading offered?✅ Yes
☑️Offers a XAF Account?None
👤Dedicated Ivory Coast Account Manager?None
⬆️Maximum Leverage1:500
⚙️Leverage Restrictions?None
💵Minimum Deposit (XAF)0 XAF ($0)
$ Deposit CurrenciesUSD
✴️Are XAF Deposits Allowed?None
💷Account Base CurrencyUSD
🔍Active Ivory Coast Trader StatsUnknown
ℹ️ Active XTB customers495,000+
👥Active XTB customers in Ivory CoastUnknown
💎Ivory Coast Daily Forex Turnover$5 trillion+ (Overall Forex Globally)
💳Deposit and Withdrawal OptionsBank Transfer
Credit Cards
Debit Cards
Skrill
Paysafe
Safety Pay
Neteller
⌚Minimum Withdrawal Time1 Working Day
⏱️Maximum Estimated Withdrawal Time7 Working Days
💸Instant Deposits and Instant Withdrawals?None
🗂️Segregated Accounts?✅ Yes
✏️Segregated Accounts in Ivory Coast?None
📊Trading PlatformsxStation 5
xStation Mobile
🕰️Trading Platform TimeNone
🧐Observe DST ChangeNone
⏰DST Change Time zoneNone
💍Tradable AssetsForex
Indices
Commodities
Stock CFDs
ETF CFDs
Cryptocurrencies
📌XTB USD/XAF Forex Pair?None
☑️Are local Stocks and CFDs offered?None
🌎Languages supported on the WebsiteMultiple languages, including English, German, Italian, Polish, Romanian, Spanish, French, Portuguese, Vietnamese, and more.
🗣️Customer Support LanguagesMultilingual
📝Copy Trading SupportNone
🕰️Customer Service Hours24/5
👩‍👧‍👧Customer Support in Ivory Coast?None
🎁Bonuses and Promotions for Traders?✅ Yes
🎓Education for beginners✅ Yes
💻Proprietary trading software✅ Yes
🎉Most Successful Ivory Coast TraderUnknown
💎Is XTB a safe broker for traders?✅ Yes
🔢Rating for XTB in Ivory Coast9/10
💯Trust score for XTB in Ivory Coast95%

 

 

XTB Detailed Summary

 

XTB – Advantages over Competitors

 

XTB has the following notable advantages over competitors:

 

  • ✅ XTB offers a robust and user-friendly trading platform that caters to traders at all levels of expertise.
  • ✅ One of the notable advantages of trading with XTB is the absence of a set minimum deposit requirement. This inclusive approach allows traders with varying levels of experience and financial capacity to enter the market with minimal initial investment, making trading accessible to a wider range of individuals
  • ✅ The company is known for its exceptional customer service, with 24/5 support and dedicated account managers.
  • ✅ XTB caters to traders seeking Shariah-compliant options by offering an Islamic account.

 

Finally, XTB provides an extensive range of tradable assets, including forex, commodities, indices, and shares, allowing traders to diversify their portfolios.

 

 

XTB – Advantages over Competitors

 

Who will Benefit from Trading with XTB?

 

XTB is a suitable platform for a wide array of traders. Novice traders can use the platform’s intuitive design and comprehensive educational resources.

In addition, experienced traders can leverage XTB’s advanced tools and diverse asset selection to execute complex strategies and optimise their profits.

 

 

XTB who will benefit

 

XTB Safety and Security

 

XTB Regulations in Ivory Coast

 

XTB is not currently regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, as per the table in the following section, XTB is well-regulated by several reputable market regulators in other countries.

 

XTB Global Regulations

 

🔍 Registered Entity🌎 Country of Registration🔢 Company Reg.📈 Regulatory Entity✏️ Tier🔢 License Number/Ref
🎉XTB LimitedUnited Kingdom07227848FCA1522157
🎈XTB LimitedFrance296794ACPR252818
🎁XTB LimitedGermanyN/ABaFin210130601
💎XTB MENA LimitedDubaiN/ADFSA2F006316
💍XTB Africa (Pty) LtdSouth Africa2018/363888/07FSCA2FSP 49970
🛎️XTB LtdDubai296794CySEC2169/12
🚨XTB SA.PolandN/AKNP2N/A
✴️XTB International LimitedBelizeN/AIFSC3000302/438

 

How XTB Protects Ivory Coast Traders and Client Funds

 

🔍 Security Measureℹ️ Information
🗂️Segregated Accounts✅ Yes
👤Compensation Fund Member✅ Yes
💵Compensation Amount85,000 EUR
📝SSL Certificate✅ Yes
✔️2FA (Where Applicable)✅ Yes
✏️Privacy Policy in Place✅ Yes
❌Risk Warning Provided✅ Yes
⛔Negative Balance Protection✅ Yes
🛑Guaranteed Stop-Loss OrdersNone

 

Security while Trading

 

XTB implements stringent security measures to safeguard the interests of its clients during trading activities.

Firstly, XTB ensures the protection of clients’ funds through negative balance protection, guaranteeing that clients cannot incur losses exceeding the amount they have initially deposited.

Furthermore, XTB’s website and trading platforms are fortified with state-of-the-art Secure Sockets Layer (SSL) encryption technology. This robust encryption protocol establishes a secure and confidential channel for data transmission between clients’ computers and XTB’s servers.

As a result, unauthorised access to clients’ trading accounts is effectively prevented, ensuring the integrity and confidentiality of their sensitive information.

In addition to these security measures, XTB equips clients with various risk management tools to facilitate effective risk control. Notably, clients can access essential features such as stop-loss and limit orders.

These tools enable clients to proactively manage their trading risk by defining predetermined levels at which positions are automatically closed or executed, minimising potential losses and optimising overall trading strategies.

 

Pros and Cons Regulation and Safety of Funds

 

✅ Pros❎ Cons
XTB keeps all client funds in a segregated account with top-tier banks worldwideGuaranteed Stop-Loss Orders are not available
Negative balance protection is applied to retail accountsBecause of XTB’s regulation, several regions are restricted from their trading solutions and services
Compensation is available to eligible traders of up to 85,000 EUR if XTB goes bankrupt or is liquidatedXTB is not locally regulated in the Ivory Coast

 

 

XTB Safety and Security

 

XTB Bonuses and Promotions

 

XTB offers the following bonuses and promotions:

 

  • ✅ A 50% welcome or deposit bonus to newly registered accounts.
  • ✅ A cashback rebates program for active traders.

 

 

XTB Bonuses and Promotions

 

XTB Affiliate Program Features

 

XTB Partnerships offers an exceptional opportunity to expand your business and earn commissions by promoting XTB’s online trading services. Key features of the XTB Affiliate Program include:

 

  • Data-driven campaigns: Engage your audience with regular, high-quality, data-driven campaigns to attract potential traders.
  • Joint educational campaigns: Collaborate with XTB on educational campaigns to meet the educational needs of your clients and enhance client satisfaction.
  • Cutting-edge trading tools: Provide your audience access to the latest trading technology and innovative tools XTB offers to enhance their trading experience.
  • Dedicated partnership manager: Benefit from the guidance of a dedicated partnership manager who can assist in devising and optimizing your marketing strategy.
  • Local language support: Work with XTB’s knowledgeable sales representatives proficient in local languages to facilitate clear communication with your audience.
  • CPA payment plan: XTB’s partnership program offers a Cost Per Acquisition (CPA) payment plan where your remuneration depends on factors such as minimum deposit, country of origin, and type of trading transactions.
  • Competitive CPA rates: XTB provides attractive CPA rates, with potential earnings of up to $600. You can use their search engine to determine the remuneration rate specific to each country.

 

How to open an Affiliate Account with XTB

 

To register an Affiliate Account, Ivory Coasts can follow these steps:

 

  • ✅ Use a web browser on your computer or mobile device to visit XTB’s website.
  • ✅ Look for the “Affiliate Program” or similar section on the website, typically providing information about the affiliate program.
  • ✅ Carefully review the information, terms, conditions, and requirements of the XTB affiliate program.
  • ✅ If you open an affiliate account, locate the application form in the Affiliate Program section.
  • ✅ Fill out the required fields in the application form, including your personal information, contact details, and the website or marketing channels you intend to use for promoting XTB.
  • ✅ Submit the completed application form through the designated method, such as clicking a “Submit” button or emailing the required information.
  • XTB will review your application as they assess your qualifications and suitability for the affiliate program. The review process may take some time.
  • ✅ If your application is approved, XTB will notify you and provide the login information for your affiliate account, including a unique affiliate ID or tracking code.
  • ✅ Once you have received your affiliate account login information, you can access XTB’s affiliate resources, including marketing materials, tracking tools, and reporting dashboards to monitor your affiliate earnings.
  • ✅ With your affiliate account established, you can start promoting XTB through the agreed-upon marketing channels, utilizing the provided assets and implementing effective marketing strategies to attract potential traders to XTB.

 

 

 

XTB Affiliate Program Features

 

XTB Account Types and Features

 

🔍 Live Account💵 Minimum Dep.⏱️ Average Spread💷 Commissions💴 Average Trading Cost
🥇Standard0 XAF/$00.5 pipsN/A5 USD
🥈Swap-Free0 XAF/$00.7 pips10 USD17 USD

 

XTB Live Trading Account Details

 

XTB Standard Account

 

The XTB Standard Account is designed to cater to a wide range of traders, accommodating beginners and seasoned professionals alike.

This account type offers access to diverse financial instruments, markets, and competitive spreads. Ivory Coast traders seeking comprehensive trading experience and robust tools and resources will find the Standard Account well-suited to their needs.

 

💵Minimum Deposit RequirementNone, flexible
💷Account Base CurrencyUSD
📈Maximum Leverage1:500
⬇️Minimum Spread0.5 pips
💴Commission FeesNone on Stocks, ETFs, and Crypto
📊Trading PlatformxStation 5

 

XTB Swap-Free Account

 

The XTB Swap-Free Account is designed to comply with Sharia law, ensuring traders can engage in ethical trading practices.

By eliminating swap or rollover charges on overnight positions, XTB enables Ivory Coast traders to actively participate in the financial markets while adhering to Islamic principles.

This account option allows Muslim traders to explore various markets and financial instruments without compromising their religious beliefs.

 

💵Minimum Deposit RequirementNone, flexible
💷Account Base CurrencyUSD
📈Maximum Leverage1:500
⬇️Minimum Spread0.5 pips
💴Commission Fees10 USD
📊Trading PlatformxStation 5

 

 

XTB Swap-Free Account

 

XTB Demo Account

 

The XTB Demo Account is a valuable educational resource for traders at all levels of expertise, providing a risk-free environment for users to familiarise themselves with the platform and its features without risking real funds.

Ivory Coast traders can utilise the demo account to simulate real trading scenarios using virtual funds, enabling them to refine their trading strategies and become comfortable with the trading interface.

Additionally, the demo account grants users access to the full suite of trading tools XTB offers, including charts, indicators, and other analytical resources, facilitating technical analysis and informed decision-making.

By practising their trading strategies in a risk-free environment, users can gain confidence and refine their techniques before transitioning to a live trading account.

 

 

XTB Demo Account

 

XTB Islamic Account

 

XTB offers an Islamic account option that aligns with Islamic finance principles, ensuring traders do not incur or receive interest (Riba) on overnight positions.

This Swap-Free Account is meticulously designed to comply with Islamic requirements, catering to Ivory Coast traders who seek a halal trading environment. With XTB’s Islamic account, Ivory Coast traders can participate in the financial markets per their religious beliefs.

 

XTB Professional Account

 

The XTB Professional Account is specifically tailored for experienced traders who meet specific criteria and wish to upgrade their trading status.

To qualify for the Professional Account, traders must meet at least two of the following three requirements:

 

  • ✅ A minimum of ten transactions of significant size per quarter over the previous four quarters
  • ✅ An investment portfolio valued at over €500,000
  • ✅ At least one year of professional experience in the financial sector.

 

Professional Account holders benefit from features such as the continued segregation of funds, eligibility for Financial Services Compensation Scheme (FSCS) protection up to £85,000, the option to request a different client category, and negative balance protection.

However, traders must note that Professional Account holders may not have access to certain features available to retail clients, including specific risk warnings and regulations regarding communications and financial promotions.

 

Pros and Cons XTB Account Types and Features

 

✅ Pros❎ Cons
XTB has competitive trading conditions when compared to other brokersAdditional commission fees apply to the Islamic Accounts
XTB does not have a set minimum deposit requirement, giving Ivory traders the flexibilityThere are only two live accounts offered
Traders can register a demo account to test the broker’s platform and conditions before investingXTB’s demo account is limited to a 30-day availability

 

 

XTB Account Types and Features

 

XTB Base Account Currencies and Basic Order Types

 

XTB Base Account Currencies

 

XTB only allows USB as the base account currency.

 

XTB Basic Order Types

 

XTB’s basic order types are as follows:

 

  • ✅ Market Orders
  • ✅ Pending Orders
  • ✅ Take Profit
  • ✅ Stop-Loss Orders

 

Market Orders

 

A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.

Furthermore, with XTB, Market Orders are available for all accounts. In addition, Market Orders can be accompanied by Stop Loss and Take Profit Orders.

 

Pending Orders

 

Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. XTB offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.

These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. XTB can execute the order at the first available price in such cases.

Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until cancelled. In addition, Pending Orders are available for all accounts with XTB.

 

Take Profit

 

Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.

In addition, the XTB platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.

 

Stop-Loss Orders

 

Stop-Loss Orders are used to minimize losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.

Stop-Loss Orders are always connected to an open, market, or pending order. The XTB platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.

 

XTB – Slippage and Requote Policy

 

Slippage

 

XTB maintains a transparent policy regarding slippage and possible requotes. According to the “Order Execution” section of their documentation, instant orders are executed at a price specified by the client.

However, XTB reserves the right to reject an order if, at the time of execution, the price provided by the Reference Institution deviates from the client-specified price by at least 0.5% of the Spread value quoted by XTB for the specific financial instrument.

This policy ensures client orders are executed at the desired price while safeguarding XTB against significant market fluctuations.

 

Requotes

 

While XTB’s execution policy does not explicitly mention the term “requotes,” the broker’s prerogative to reject an order under certain conditions can be considered a requote.

 

 

XTB Base Account Currencies and Basic Order Types

 

How to Open and Close an XTB Account

 

How to open an Account with XTB

 

To register an account with XTB, Ivory Coast, traders can follow these easy steps:

 

  • ✅ Access XTB’s website using a web browser on your computer or mobile device.
  • ✅ Locate the “Open Account” or “Register” button on the homepage and click on it to initiate the account opening process.
  • Select Ivory Coast as your country of residence and choose the type of account you wish to open, such as Standard or Pro, based on your trading requirements.
  • ✅ Fill out the registration form with accurate details, including your full name, email address, telephone number, and home address.
  • XTB may require identity and address verification. Prepare the necessary documents, such as a valid identification document (e.g., passport or national ID) and proof of address (e.g., utility bill or bank statement).
  • ✅ Review and accept XTB’s terms and conditions and any other applicable legal agreements, ensuring you understand them thoroughly.
  • ✅ Once your account is successfully opened and verified, you need to fund it. XTB offers deposit options, including bank transfers, credit/debit cards, and electronic wallets. Follow the instructions provided for your preferred deposit method.
  • ✅ After funding your account, log in to XTB’s trading platform using the credentials you provided during registration. Familiarise yourself with the platform, explore the available trading tools, and start trading in your chosen markets.

 

How to close My Account with XTB

 

To close a live trading account with XTB, Ivory Coast, traders can follow these steps:

 

  • ✅ Contact XTB’s customer service team through phone, email, or live chat. The contact information can be found on XTB’s official website.
  • ✅ Inform the customer service agent that you wish to close your account. Provide them with your account information and any other details required to identify your account.
  • ✅ As a security measure, XTB may request additional identity verification to confirm the legitimacy of the account closure request. Cooperate with any necessary verification procedures.
  • ✅ Before closing your account, resolve all outstanding obligations, such as open positions and pending withdrawals. Withdraw any remaining funds from your account.
  • ✅ Once all the necessary steps are completed, XTB will confirm the closure of your account. You will receive a confirmation email or notification.
  • ✅ Carefully review the account closure confirmation to ensure all the information is accurate.
  • ✅ After receiving the confirmation, refrain from further trading activities on XTB’s platform.

 

 

XTB how to open and close account

 

XTB Trading Platforms

 

xStation 5 Platform

 

The xStation 5 platform, only available from XTB, accommodates novice and experienced traders, providing a seamless and user-friendly trading experience.

xStation 5 offers optimal performance and several noteworthy features thanks to its simple interface and sophisticated charting tools:

 

  • Lightning-quick execution times guarantee prompt trade execution, enabling traders to take advantage of market opportunities effectively.
  • ✅ The free trader talk feature keeps traders informed and updated with recent developments by providing live audio feeds of market news and analysis.
  • ✅ Trading decisions based on contrarian strategies can be made with the help of the sentiment analysis tool, which allows traders to assess market sentiment.
  • ✅ Using an advanced screener, traders can filter stocks based on particular criteria, making it easier to find trading opportunities that fit their strategies.
  • ✅ The top movers feature highlights significant market movements and volatility, enabling traders to concentrate on the most active instruments.
  • ✅ In-depth analysis and precise trade execution are offered by advanced chart trading with market order depth directly from the charts.
  • ✅ Traders can evaluate and analyse their trading outcomes using live performance statistics, facilitating continuous improvement.
  • ✅ The platform incorporates well-known technical indicators like Fibonacci, MACD, and RSI for thorough technical analysis.
  • ✅ Trading processes can be streamlined by using custom trading system templates that let traders save and use their preferred strategies.
  • ✅ Traders can completely customise the interface to create a workspace that suits their preferences and trading approach.
  • ✅ Trade management is made easier by the availability of bulk order closing functionality, which enables traders to manage and close numerous positions at once effectively.

 

 

xStation 5 Platform

 

xStation 5 Mobile

 

XTB provides the xStation mobile app for traders who prefer to trade while on the go. Despite potential functional differences from the desktop version, the mobile app offers crucial features for effective trading on iOS and Android devices.

The xStation mobile app’s main features are as follows:

 

  • ✅ Accessible prices and trades allow for prompt decision-making even when moving.
  • ✅ For traders who value convenience and need the freedom to transact whenever and wherever it is ideal.
  • ✅ Trading accounts are accessible on iOS and Android, giving traders flexibility and mobility.
  • ✅ Convenient position monitoring and trade management enable traders to control their trades away from their desktops.
  • ✅ The ability to perform technical analysis and make informed trading decisions while on the go with intuitive charting features.

 

 

xStation 5 Mobile

 

Pros and Cons XTB Trading Platforms

 

✅ Pros❎ Cons
xStation 5 is an innovative and award-winning platform offered exclusively by XTBcTrader, MetaTrader, ZuluTrade, and other platforms are not available
Ivory Coast traders can expect one of the best trading apps for iOS and AndroidMetaTrader users will face a steep learning curve

 

 

XTB Trading Platforms

 

Which Markets Can You Trade with XTB?

 

Ivory Coast traders can expect the following range of markets from XTB:

 

  • ✅ Forex
  • ✅ Indices
  • ✅ Commodities
  • ✅ Stock CFDs
  • ✅ ETF CFDs
  • ✅ Cryptocurrencies

 

Financial Instruments and Leverage offered by XTB

 

🔍 Instrument🔢 Number of Assets Offered⬆️ Max Leverage Offered
🥇Forex571:500
🥈Indices301:200
🥉Commodities281:500
📊Stock CFDs3,900+1:10
💻ETF CFDs1591:5
💰Cryptocurrencies461:2

 

Pros and Cons XTB Range of Markets

 

✅ Pros❎ Cons
XTB is known for its competitive trading conditions across marketsThere are no local CFDs that Ivory Coast traders can trade

 

 

XTB which markets can you trade with

 

XTB Fees, Spreads, and Commissions

 

XTB Spreads

 

XTB offers variable spreads on its trading accounts, which means that the spreads can vary based on factors such as the instrument being traded, the type of trading account used, and the prevailing market conditions. As a result, the spreads provided below are indicative and subject to change:

 

🔍 Instrument📌 Typical Spread
€ EUR/USDFrom 0.5 pips on Standard
🏆Gold0.3 pips
🥈Silver0.3 pips
🛢️Brent0.03 pips
📌NASDAQ1 pip
💰Bitcoin0.5% - 1%

 

XTB Commissions

 

Ivory Coast traders using XTB’s Standard Account do not incur commission fees for trading forex, commodities, cryptocurrencies, Stock CFDs, or ETF CFDs. However, commission fees apply to indices and ITA 40.

The Islamic Account has a commission of $10 per lot for most instruments, excluding Stock CFDs and ETF CFDs. The Swap-Free Account charges a $4 fee for transactions involving certain cryptocurrencies.

 

XTB Overnight Fees, Rollovers, or Swaps

 

XTB’s financing rates are considered average. These financing costs can be significant if you trade on margin and hold positions for a long time. For example, the financing rate for Apple CFD ranged from 2% to 4.5%.

 

XTB Deposit and Withdrawal Fees

 

XTB does not charge fees for deposits or withdrawals. The amount you send to your trading account from your bank will be the same amount you see in your brokerage account and vice versa.

 

XTB Inactivity Fees

 

XTB charges an inactivity fee of €10 per month after a year of trading inactivity, provided no deposit was made in 90 consecutive days.

 

XTB Currency Conversion Fees

 

Currency conversion fees apply when Ivory Coast traders deposit or withdraw in XAF.

 

Pros and Cons XTB Trading and Non-Trading Fees

 

✅ Pros❎ Cons
XTB has a transparent fee scheduleThe spreads are not the lowest
Deposit and withdrawal fees are waivedXTB charges inactivity and currency conversion fees

 

 

XTB Fees, Spreads, and Commissions

 

XTB Deposits and Withdrawals

 

XTB offers Ivory Coast traders the following deposit and withdrawal methods:

 

  • ✅ Bank Transfer
  • ✅ Credit Cards
  • ✅ Debit Cards
  • ✅ Skrill
  • ✅ Paysafe
  • ✅ Safety Pay
  • ✅ Neteller

 

XTB Broker Comparison: Deposit and Withdrawals

 

🔍 Broker🥇 XTB🥈 LiteFinance🥉 TD Ameritrade
⏱️Minimum Withdrawal Time1 Working DayInstant5 minutes
⏰Maximum Estimated Withdrawal Time7 Working DaysUp to 5 working days7 working days
✔️Instant Deposits and Instant Withdrawals?None✅ YesNone

 

XTB Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.

 

🔍 Payment Method$ Deposit Currencies⌛ Deposit Processing💳 Withdrawal Processing
🏦Bank TransferUSD1 Working Day7 Working Days
💳Credit CardsUSD1 Working Day1 – 3 Working Days
💳Debit CardsUSD1 Working Day1 – 3 Working Days
📱SkrillUSD1 Working Day1 – 3 Working Days
💻PaysafeUSD1 Working Day1 – 3 Working Days
⚙️Safety PayUSD1 Working Day1 – 3 Working Days
📌NetellerUSD1 Working Day1 – 3 Working Days

 

How to Deposit Funds with XTB

 

To deposit funds to an account with XTB, Ivory Coast traders can follow these steps:

 

  • ✅ Visit the XTB website and log in using your credentials.
  • ✅ Once logged in, locate the “Deposit” or “Funding” section.
  • ✅ Choose the desired deposit method, such as bank transfer, credit/debit cards, or e-wallets like Skrill or Neteller.
  • ✅ Enter the amount you wish to deposit, considering any associated fees or minimum deposit requirements.
  • ✅ Ensure accuracy by providing the necessary financial information, such as bank account or credit card details.
  • ✅ Review the deposit details and approve the payment, noting any confirmation or reference numbers provided.
  • XTB will process the deposit request with instant processing for electronic wallets or card payments, while bank transfers may take a few business days.
  • ✅ Check your trading account balance after the deposit has been processed to ensure the funds have been credited.

 

XTB Fund Withdrawal Process

 

To withdraw funds from an account with XTB, Ivory Coast traders can follow these steps:

 

  • ✅ Visit the official XTB website and log in to your account.
  • ✅ Go to the account menu and find the “Withdrawal” or “Funds Withdrawal” option.
  • ✅ Select the preferred withdrawal method supported in your region, such as bank transfers or digital wallets.
  • ✅ Enter the amount you want to withdraw from your trading account.
  • ✅ As required, provide the necessary payment information, such as bank account details or digital wallet ID.
  • ✅ Double-check the accuracy of the withdrawal information and proceed to complete the withdrawal request, noting any confirmation or reference numbers.
  • XTB will process the withdrawal request, and the time it takes may vary based on the chosen method and any additional verification steps.
  • ✅ Monitor your XTB account and check your email for updates on the withdrawal status or further instructions.

 

Pros and Cons XTB Deposits and Withdrawals

 

✅ Pros❎ Cons
Traders have access to a variety of payment methods for deposits and withdrawalsTraders cannot deposit or withdraw funds in XAF
Ivory Coast traders can use modern e-wallets such as Neteller and SkrillThere are limited payment methods when compared to other brokers

 

How long do XTB Deposits take?

The processing time for XTB deposits can vary depending on the chosen method and the time of day, ranging from one day to several days.

 

How long do XTB Withdrawals take?

Withdrawals from XTB are typically processed within a day, but the time for the funds to reflect may depend on the chosen method and the timing of the request. It could take a few days for the funds to be fully available.

 

 

XTB Deposits and Withdrawals

 

XTB Education and Research

 

Education

 

XTB offers the following Educational Materials to Ivory Coast traders:

 

  • ✅ Articles
  • ✅ Guides

 

Research and Trading Tool Comparison

 

🔍 Broker🥇XTB🥈 LiteFinance🥉 TD Ameritrade
📆Economic Calendar✅ Yes✅ Yes✅ Yes
⚙️VPSNoneNoneNone
📌AutoChartistNoneNoneNone
➡️Trading ViewNoneNoneNone
🏦Trading CentralNoneNoneNone
📊Market Analysis✅ Yes✅ Yes✅ Yes
📰News Feed✅ Yes✅ Yes✅ Yes
💻Blog✅ Yes✅ Yes✅ Yes

 

XTB also offers Ivory Coast traders the following additional Research and Trading Tools:

 

  • ✅ Market News
  • ✅ Price Tables
  • ✅ Market Calendar

 

Pros and Cons XTB Education and Research

 

✅ Pros❎ Cons
XTB offers a market calendar for traders to keep updated with eventsXTB offers limited educational resources and material compared to other brokers
Market news helps Ivory Coast traders keep updated with the financial marketsLimited research and trading tools
Traders can access a few educational guidesThe demo account expires after 30 days

 

 

XTB Education and Research

 

XTB Customer Support

 

👥 Customer Support👩‍👧‍👧 XTB Customer Support
⏱️Operating Hours24/5
🗣️Support LanguagesMultilingual
💻Live Chat✅ Yes
🖥️Email Address[email protected]
☎️Telephonic Support+357 257 25356
💯The overall quality of XTB Support5/5

 

Pros and Cons XTB Customer Support

 

✅ Pros❎ Cons
Traders can select from multiple languages in which to receive support24/7 customer support is not currently offered

 

 

XTB Customer Support

 

XTB Corporate Social Responsibility

 

XTB strongly commits to corporate social responsibility (CSR) and Environmental, Social, and Governance (ESG) initiatives. Here are the key highlights:

 

  • Climate Impact Mitigation: XTB prioritises reducing its climate impact and offers environmentally conscious investment options.
  • Corporate Governance and Ethics: XTB adheres to high standards of corporate governance and maintains an ethical code.
  • Integration of ESG Principles: XTB integrates environmental, social, and governance (ESG) principles into its organisational structure and ensures transparent communication.
  • Support for Sustainable Development Goals (SDGs): XTB actively supports the United Nations’ Sustainable Development Goals and initiates environmental efforts such as energy conservation and waste reduction.
  • Carbon Neutrality: XTB is committed to achieving carbon neutrality and has received recognition for its sustainability performance.
  • XTB Foundation: XTB has established the XTB Foundation to promote employee and economic education.
  • Health Protection and Athletics: XTB emphasises health protection and supports athletics.
  • Employee Volunteerism: XTB encourages employee volunteerism to contribute to social causes and community development.
  • Diversity and Inclusion: As a signatory to the Diversity Charter, XTB champions diversity and inclusion in its operations.

 

 

XTB Corporate Social Responsibility

 

XTB Cashback Rebates Features and Conditions

 

XTB Cashback Rebates: XTB offers a cashback program that allows traders to earn rewards on their trades. Key features and conditions of the cashback program include:

 

  • Account Benefits: Ivory Coast traders can access the cashback feature by opening an account with XTB and other account benefits.
  • Eligibility and Terms: The cashback offer is available to clients from specific jurisdictions, and terms and conditions apply.
  • Cashback Calculation: Traders can earn cashback on their closed positions, calculated monthly.
  • Bespoke Rebate Scheme: The cashback earned is determined through a customized rebate scheme tailored to individual trading activity.
  • Dedicated Account Manager: Ivory Coast traders receive support from a dedicated account manager to optimise the cashback structure for their trading experience.
  • Direct Deposit: The earned cashback is deposited directly into the trader’s account funds, providing flexibility in usage.
  • Utilising Cashback: Traders can use it for future trades, potentially earning more cashback and enhancing their trading.
  • Rewards Based on Trading Activity: The cashback program rewards traders based on their trading activity, encouraging active and successful trading.

 

 

XTB Cashback Rebates Features and Conditions

 

XTB Web Traffic Report

 

🌐Global Rank9,689
🌎Country Rank499
📝Category Rank9
🔢Total Visits6.4 million
📌Bounce Rate32.29%
📖Pages per Visit5.85
⌚Average Duration of Visit00:04:55
📆Total Visits in the last three monthsMarch – 6.9 million
April – 6.1 million
May – 6.4 million

 

 

XTB Web Traffic Report

 

XTB Geographic Reach and Limitations

 

Most of XTB’s market share is concentrated in these areas:

 

  • ✅ Poland – 40.52%
  • ✅ Czech Republic – 9.86%
  • ✅ Spain – 6.81%
  • ✅ Vietnam – 6.30%
  • ✅ Slovakia – 6.22%

 

XTB Current Expansion Focus

 

XTB is focused on expanding globally in Europe, Asia, and Africa.

 

Countries not accepted by XTB

 

XTB does not accept clients from these countries:

 

  • ✅ India
  • ✅ Indonesia
  • ✅ Pakistan
  • ✅ Syria
  • ✅ Iraq
  • ✅ Iran
  • ✅ United States
  • ✅ Australia
  • ✅ Albania
  • ✅ Belize
  • ✅ Belgium
  • ✅ New Zealand
  • ✅ Japan
  • ✅ South Korea
  • ✅ Hong Kong
  • ✅ Mauritius
  • ✅ Israel
  • ✅ Turkey
  • ✅ Venezuela
  • ✅ Bosnia and Herzegovina
  • ✅ Ethiopia
  • ✅ Uganda
  • ✅ Cuba
  • ✅ Yemen
  • ✅ Afghanistan
  • ✅ Laos
  • ✅ North Korea
  • ✅ Guyana
  • ✅ Vanuatu
  • ✅ Mozambique
  • ✅ Republic of the Congo
  • ✅ Libya
  • ✅ Macao
  • ✅ Panama
  • ✅ Singapore
  • ✅ Bangladesh
  • ✅ Kenya
  • ✅ Palestine
  • ✅ Republic of Zimbabwe

 

Popularity among Ivory Coast traders who choose XTB

 

XTB is a well-regulated and trusted broker worldwide and one of the Top 200 brokers for Ivory Coast beginner and professional traders.

 

 

XTB Geographic Reach and Limitations

 

XTB vs LiteFinance vs TD Ameritrade – A Comparison

 

🔍 Broker🥇 XTB🥈 LiteFinance🥉 TD Ameritrade
📈 RegulationFCA, ACPR, BaFin, DFSA, KNP, FSCA, CySEC, IFSCCySECFINRA, CFTC, SEC, SFC
📊 Trading PlatformxStation 5
xStation Mobile
MetaTrader 4
MetaTrader 5
LiteFinance Social Trading Platform
LiteFinance Trading App
TD Ameritrade
thinkorswim
💵 Withdrawal Fee✅ Yes, <$50 withdrawalsNoneNone
🗂️ Demo Account✅ Yes✅ Yes✅ Yes
💷 Min Deposit0 XAF30,000 XAF600 XAF
📌 Leverage1:5001:5001:2
📝 SpreadFrom 0.5 pips0.0 pipsNone
💴 CommissionsNone on most instruments$0.25 per share on Stock IndicesFrom $0
🛑 Margin Call/Stop-Out100%/50%100%/20%None
🧑‍⚖️ Order ExecutionMarketMarketNone
✏️ No-Deposit BonusNoneNoneNone
💰 Cent AccountsNoneNoneNone
🖋️ Account TypesStandard Account
Swap-Free Account
ECN Account
Classic Account
Standard Accounts
Retirement Accounts
Education Accounts
Speciality Accounts
Managed Profiles
Margin Trading Account
🏦 Banking Commission of WAEMU RegulationNoneNoneNone
➡️ XAF DepositsNone✅ YesNone
☑️ XAF Account Offered?24/5NoneNone
🕰️ Customer Service Hours224/524/7
👉Retail Investor Accounts✅ Yes22
☪️Islamic Account0.01 lots✅ YesNone
⬇️Minimum Trade SizeNot indicated0.01 lots0.01 lots
⬆️Maximum Trade Size1 Working Day100 lotsNone indicated; it depends on the account balance
⏱️Minimum Withdrawal Time7 Working DaysInstant5 minutes
⏰Maximum Estimated Withdrawal TimeNoneUp to 5 working days7 working days
✔️Instant Deposits and Instant Withdrawals?None✅ YesNone

 

Broker Comparison for a Range of Markets

 

🔍 Broker🥇 XTB🥈 LiteFinance🥉 TD Ameritrade
🏅Forex✅ Yes✅ Yes✅ Yes
💍Precious Metals✅ Yes✅ YesNone
💻ETFs✅ YesNone✅ Yes
🖥️CFDs✅ Yes✅ YesNone
✴️Indices✅ Yes✅ YesNone
📊Stocks✅ Yes✅ Yes✅ Yes
💰Cryptocurrency✅ Yes✅ Yes✅ Yes
⌛OptionsNoneNone✅ Yes
🛢️EnergiesNone✅ YesNone
📌BondsNoneNone✅ Yes

 

 

XTB vs LiteFinance vs TD Ameritrade – A Comparison

 

XTB Alternatives

 

  • 🥇 Interactive Brokers is a highly reputable multi-asset broker, providing an extensive range of tradeable global markets. The platform offers competitive fees and delivers high-quality research and educational resources. With its modern, institutional-grade trading platform suite, Interactive Brokers ensures a sophisticated trading experience for its users.

 

  • 🥈 eToro presents diverse investment products, including cryptocurrencies, stocks, and ETFs. Notably, eToro offers a unique social trading feature that enables investors to copy the trades of other successful traders. With a 1% fee on crypto transactions and a favourable spread, eToro’s pricing structure is more competitive than many industry competitors.

 

  • 🥉 Saxo Bank caters to advanced traders and professionals with substantial capital. It offers various features, including comprehensive research facilities, an API interface, and discounted fees for high-tier accounts, all contributing to potential account profitability.

 

 

XTB Alternatives

 

XTB Awards and Recognition

 

XTB has been consistently recognised as a top-tier brokerage, earning accolades and industry recognition for its exceptional services tailored to Ivory Coast traders. Here are some noteworthy achievements that highlight XTB’s commitment to excellence:

 

  • ✅ Rankia Awards named XTB the “Best Forex Broker in 2022.” This prestigious accolade showcases XTB’s dedication to providing traders with superior forex trading experience.
  • ✅ XTB was also honored with the title “Best CFD Broker in 2022” by Rankia Awards.
  • ✅ The esteemed Forex Expo acknowledged XTB’s commitment to technological excellence by awarding them the “Best Mobile Trading App in 2022.”
  • ✅ Invest Cuffs recognised XTB as the “Best Forex and CFD Broker” for 2021. This award reinforces XTB’s position as a leading provider of forex and CFD trading services, with a strong emphasis on delivering robust trading platforms, comprehensive market analysis, and competitive trading conditions for traders.
  • ✅ XTB’s dedication to exceptional customer service was recognised by the Forexbrokers.com Annual Review, where they were awarded the title of “Best Customer Service” in 2021.
  • ✅ The “Best Trading Platform” award at the Forex Expo Dubai in 2021 demonstrates XTB’s commitment to delivering cutting-edge trading technology and advanced tools to Ivory Coast traders.
  • ✅ XTB was honoured by Investopedia as the “Best Forex Broker for Low Costs” in 2021.

 

and many, MANY more!

 

 

XTB Awards and Recognition

 

Additional Features of XTB

 

XTB Future Vision

 

XTB’s strategic plans revolve around sustaining financial success, diversifying product offerings, reinforcing brand presence, and prioritising client growth and satisfaction.

They aim to solidify their position in current markets and remain open to potential expansion opportunities in the future.

While they obtained an FSCA license in South Africa in 2021, their plans for market expansion in the country have been rescheduled to 2024. Currently, there are no immediate plans for expansion into other regions.

 

 

Additional Features of XTB

 

Recommendations according to our in-depth review of XTB

 

  • Lower Spreads: The spreads are not the lowest, which could deter some traders. XTB should consider offering more competitive spreads to attract a wider range of traders.
  • Local Support: There is no local customer support in Ivory Coast. Local support can help resolve issues more efficiently and understand the specific needs of Ivory Coast traders.
  • Local Stocks and CFDs: XTB does not offer local Stocks and CFDs for trading. Including these could attract traders interested in local markets.
  • Currency Conversion Fees: Currency conversion fees apply when Ivory Coast traders deposit or withdraw in XAF. Reducing or eliminating these fees could make trading more affordable for local traders.
  • Inactivity Fees: XTB charges an inactivity fee of €10 per month after a year of trading inactivity, provided no deposit was made in 90 consecutive days. This could be discouraging for traders who do not trade frequently.
  • Copy Trading Support: XTB does not offer copy trading support. This feature could benefit beginner traders who wish to learn from more experienced traders.

 

 

Recommendations according to our in-depth review of XTB

 

XTB Customer Reviews

 

🥇 User Friendly!

“XTB’s mobile application stands out for its simplicity, clarity, and well-designed interface. However, one limitation is the inability to access specific information directly through the “portfolio” panel. Users must navigate to the main page, search for the desired stock, ETF, or commodity, and then access the desired information. Additionally, it would be beneficial to have a comprehensive development chart displaying a longer period, such as five years, without the need for continuous assessment.” – Liam Ibrahim (November 2022)

 

🥈 Happy Customer!

“The account opening process with XTB was swift and trouble-free, and my deposit was processed seamlessly. I have found their platform to be excellent in functionality and user experience. Thus far, my experience with this broker has been highly satisfactory.” – Amara Diop (November 2022)

 

🥉 Excellent Service!

“XTB consistently delivers quality services, with their platform functioning smoothly for the most part, barring occasional slippages. Requotes have not been observed, as the broker provides market quotes, ensuring accuracy and reliability in trade execution.” – Sophia Abioye (August 2022)

 

 

XTB Customer Reviews

 

Pros and Cons of Trading with XTB

 

✅ Pros❎ Cons
XTB equips traders with many powerful trading tools to enhance their trading experience. This includes advanced charting capabilities and comprehensive research facilities, empowering traders with valuable insights and analysis to make well-informed trading decisions.XTB’s customer service is known for its responsiveness and efficiency, providing timely assistance to traders.
The platform is user-friendly, designed to provide a seamless trading experience for all users.While XTB lets traders trade real stocks in specific regions, it primarily focuses on offering Contracts for Difference (CFDs) as a trading instrument.
XTB’s product offering is diverse, allowing traders to trade various assets.The fee structure at XTB may be slightly higher than at some other brokers, depending on the account type and trading activity.
XTB operates under the supervision of multiple globally-respected regulatory bodies, ensuring the broker’s compliance with rigorous standards and instilling a sense of trust and reliability among traders.XTB adheres to regulatory constraints, which offer comparatively lower leverage for retail accounts than other brokers.
XTB’s top-notch customer service provides round-the-clock support and dedicated account managers.While the educational resources provided by XTB are generally well-regarded, they may not be comprehensive enough for advanced traders seeking in-depth analysis and strategy development tools.

 

In Conclusion

 

According to our research, XTB has established itself as a trustworthy and reliable broker for Ivory Coast traders. It offers a broad range of tradable assets, including Forex, Indices, Commodities, Stock CFDs, ETF CFDs, and Cryptocurrencies.

This diversity of options allows traders to diversify their portfolios and explore different markets. XTB’s trading platforms, xStation 5 and xStation Mobile, are user-friendly and equipped with advanced features, making them suitable for beginners and experienced traders.

The broker also provides educational resources, which can benefit novice traders looking to enhance their trading knowledge and skills.

The customer support at XTB is multilingual and available 24/5, which is a significant advantage. However, the lack of local customer support in the Ivory Coast is a drawback that could be improved upon.

Furthermore, Local support can provide more personalised assistance and understand Ivory Coast traders’ needs and objectives. One of the notable strengths of XTB is its transparency in fees. The broker does not charge deposit or withdrawal fees, a plus for traders.

However, the spreads are not the lowest, and there are inactivity and currency conversion fees. These costs could add up over time and impact the profitability of traders, especially those who trade frequently or hold positions for extended periods.

Furthermore, XTB does not offer local Stocks and CFDs for trading. Including these could attract traders interested in local markets and provide more investment opportunities.

The absence of copy trading support is another area where XTB could improve. Copy trading can be a valuable tool for beginners who want to learn from the strategies of experienced traders.

 

Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyse, and compare what we feel to be the most crucial criteria to consider when selecting a broker.

Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.

Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

Now it is your turn to participate:

  • ✅ Do you have any prior experience with XTB?
  • ✅ What was the determining factor in your decision to engage with XTB?
  • ✅ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
  • ✅ Have you experienced issues with XTB, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk.

 

Frequently Asked Questions

 

Is XTB available for Ivory Coast traders?

Yes, XTB offers its services to traders in Ivory Coast.

 

What trading platforms does XTB offer?

XTB offers xStation 5 and xStation Mobile as its primary trading platforms.

 

Does XTB provide customer support?

Yes, XTB provides multilingual customer support 24/5.

 

What are the deposit and withdrawal options at XTB?

XTB offers several options: bank transfer, credit cards, debit cards, Skrill, Paysafe, and Neteller.

 

Does XTB have Nasdaq 100?

XTB does offer the Nasdaq 100, which is available as “US 100” for trading.

 

Are there any fees associated with trading at XTB?

Yes, XTB charges spreads, commissions, inactivity, and currency conversion fees.

 

Is XTB Safe or a Scam?

Yes, XTB is considered a safe broker for traders with a high trust score.

 

Does XTB offer educational resources?

Yes, XTB provides educational resources like articles and guides for traders.

 

Does XTB charge inactivity fees?

Yes, XTB charges an inactivity fee of €10 per month after a year of trading inactivity if no deposit was made in 90 consecutive days.

 

Is XTB regulated?

XTB is regulated by several reputable authorities, including one Tier-1 regulator (FCA), seven Tier-2 regulators (ACPR, BaFin, DFSA, KNF, CNMV, FSCA, and CySEC), and one Tier-3 regulator (IFSC).

 

How long does it take to withdraw from XTB?

The minimum estimated withdrawal time at XTB is one working day.

 

Does XTB have VIX 75?

Yes, XTB offers VIX 75 trading. Ivory Coast traders can trade VIX 75 as a CFD on Indices with spreads starting from 0.2 pips and maximum leverage up to 1:67.

 

Why should I work through the SA Shares Cashback?

You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as XTB.

This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as XTB to ensure you get the most back from your trading activities.

 

 

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