To choose a broker that suits your needs you must have information about its characteristics, so in CriptoTendencia we bring you this review of one of the main brokers in the market: XTB
Everyone who is or wants to be involved with the crypto world at some point thinks about investing in the cryptocurrency market, however, choosing a suitable broker with which to carry out operations is a rather complicated job at times, due to the amount of options available in the market. Therefore, in CriptoTendencia we create for you reviews of the best available brokers , so you can make the best possible decision.
Name : XTB
Year of foundation : 2002
Country of registration : Poland
Minimum deposit : Does not have
Website : xtb.com
XTB is one of the largest investment platforms in the world, offering its users the option of investing in Forex, indices, commodities, and CFDs, both traditional and cryptocurrency assets. It is located in Poland, although it has offices in more than 10 countries and is managed with the most reliable financial regulation standards in the world.
To operate in XTB we have its own trading platform, xStation 5, available for desktop, smartphones, tablets and even smartwatch. In addition, it offers us the option of making transactions through MetaTrader 4. And like most brokers, it provides the possibility of opening a demo account to test the platform before starting to invest real money for 30 days .
This broker also has a section dedicated exclusively to the publication of market analysis, providing news, price tables, an economic calendar and even for novice traders has its own trading academy, where it provides the rudiments for conducting operations.
Deposits and withdrawals
For the realization of your deposits, you have different options, including bank transfers, credit and debit cards, PayPal, Skrill and Neteller. There is no minimum deposit for Latin America and Spain.
As for withdrawals, these are normally made within 2 business days, no commission is charged if it is greater than $ 100, otherwise a small commission will be charged.
Setting up an account on XTB will not take you long, you just need to register using your email and provide some necessary documents to verify your identity. XTB has a user support service 24 hours a day 5 days a week.
Also, when you use XTB you do not have to pay any commission for the operations you perform, also counting the platform with a mechanism to prevent you from falling into a negative balance in your account, so you will never lose more than what you have deposited when you operate with the leverage of 1: 200 for pro accounts and 1:30 for standard accounts.
XTB is one of the oldest trading platforms in the market, and when its characteristics are seen, it is understood why it won the “best broker to trade in derivatives” award in the world for three consecutive years. Its simple user interface and support in the process of training traders, make it undoubtedly one of the favorite cryptocurrency brokers.