CFA Franc Forex Trading Accounts
Scam Forex Brokers in Cameroon
XTB Review
Overall XTB is considered low risk, with an overall Trust Score of 95 out of 100. The broker is licensed by one Tier-1 Regulator (high trust), seven Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). They offer Cameroonian traders two account types, namely Standard and Swap-Free.
- Kayla Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.6/5
Min Deposit
0 USD / 0 XAF
Regulators
FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC
Trading Desk
xStation 5, xStation Mobile
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
XTB provides extensive educational resources, research tools, and a demo account to help beginners learn and practice trading strategies without risking real money.
The broker offers traders the option of selecting between two robust and user-friendly trading platforms. This includes their proprietary platform, xStation, which offers advanced trading features, and the xStation mobile app.
The mobile trading platform offered is compatible with iOS and Android devices. This enables traders to access their accounts and execute trades while on the move, allowing them to manage their investments with greater convenience and flexibility.
They have a global presence and offer trading on actual stocks instead of just CFDs in certain regions, providing specific advantages for traders in those areas.
Distribution of Traders
The broker currently has the largest market share in these countries:
Poland – 40.52%
Czech Republic – 9.86%
Spain – 6.81%
Vietnam – 6.30%
Slovakia – 6.22%
Popularity among traders
XTB is one of the top 10 Forex and CFD Brokers worldwide. XTB is one of the Top 50 brokers for Cameroonian traders.
Is XTB a regulated broker?
Yes, they are a regulated broker and are authorized by reputable financial regulatory bodies, including the Financial Conduct Authority (FCA) in the United Kingdom.
What financial instruments can I trade with XTB?
The broker provides a diverse range of financial instruments for trading, including forex, commodities, indices, cryptocurrencies, and shares from various global markets.
At a Glance
| 🏛️ Headquartered | Poland |
| 🏛️ Local office in Yaoundé? | No |
| 👍 Accepts Cameroonian Traders? | Yes |
| 📅 Year Founded | 2002 |
| 📱 Cameroonian Office Contact Number | None |
| ⚖️ Regulation | FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC |
| 🔎License Number | United Kingdom – 522157 France – 52818 Germany – 10130601 Dubai – F006316 South Africa – FSP 49970 Cyprus – 169/12 Poland – Belize – 000302/438 |
| ⚖️ BEAC Regulation | None |
| ✴️ Regional Restrictions | 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 and the Republic of Zimbabwe |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 2 |
| 🚀 Offers a XAF Account? | No |
| 💻 Dedicated Cameroonian Account Manager? | No |
| 📈 Maximum Leverage | 1:500 |
| 📈 Leverage Restrictions for Cameroon? | None |
| 💳 Minimum Deposit | 0 USD / 0 XAF |
| 💳 XAF Deposits Allowed? | No |
| 💰 Active Cameroonian Trader Stats | Unknown |
| 👥 Active XTB customers | 495,000+ |
| 💰 Cameroon Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
| 💳 Deposit and Withdrawal Options | Bank Transfer Credit Cards Debit Cards Skrill Paysafe Safety Pay Neteller |
| 💰 Segregated Accounts in Cameroon | No |
| 💻 Trading Platforms | xStation 5 xStation Mobile |
| 💰 Tradable Assets | Forex Indices Commodities Stock CFDs ETF CFDs Cryptocurrencies |
| 🌐 XTB USD/XAF Forex Pair? | No |
| 📈 Offers Cameroonian Stocks and CFDs | No |
| 👨💼 Languages supported on Website | Multiple languages, including English, German, Italian, Polish, Romanian, Spanish, French, Portuguese, Vietnamese, and more. |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Cameroon-based customer support? | No |
| 💰 Bonuses and Promotions for Cameroonians | Yes |
| ✴️ Education for Cameroonian beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Cameroonian Trader | Unknown |
| ✔️ Is XTB a safe broker for Cameroonian? | Yes |
| ✔️ Rating for XTB in Cameroon | 9/10 |
| ✔️ Trust score for XTB in Cameroon | 95% |
| 🎉 Open an account | Open Account |
Regulation and Safety of Funds
The broker is not currently regulated by the Bank of Central African States (BEAC). However, they are well-regulated by several reputable market regulators in other countries.
Security while Trading
The broker provides negative balance protection to ensure clients cannot lose more than they have deposited.
The website and trading platforms employ Secure Sockets Layer (SSL) encryption to safeguard data transmission between the client’s computer and XTB’s servers. This technology prevents unauthorized access to the trading accounts of clients.
They offer a variety of risk management tools, including stop-loss and limit orders, to help clients effectively manage their trading risk.
How does XTB ensure the safety of my funds?
The broker prioritizes the safety of client funds by keeping them in segregated accounts.
Is XTB regulated, and what does it mean for the safety of my funds?
Yes, they are regulated by respected financial authorities, including the Financial Conduct Authority (FCA).
Awards and Recognition
According to the official XTB website, the broker was awarded the following:
Best Forex Broker in 2022 (Rankia Awards)
Best CFD Broker in 2022 (Rankia Awards)
Best Mobile Trading App in 2022 (Forex Expo)
Best Forex and CFD Broker (Invest Cuffs) for 2021
Best Customer Service (Forexbrokers.com Annual Review) in 2021
Best Trading Platform (Forex Expo Dubai) in 2021
Best Forex Broker for Low Costs (Investopedia) in 2021
Has XTB received any industry awards?
Yes, they have earned recognition in the industry and have been awarded numerous accolades.
What awards has XTB won recently?
The broker has received awards for its outstanding contribution to online trading, including recognition for its innovative platforms, educational resources, and commitment to customer satisfaction.
XTB Account Types and Features
Standard Account
The Standard Account is designed to accommodate a broad range of traders, from novices to seasoned professionals. This account grants access to various financial instruments, markets, and competitive spreads.
Those who desire a comprehensive trading experience with access to robust tools and resources should select this account type.
| 💰 Minimum Deposit Requirement | None, flexible |
| 📊 Account Base Currency | USD |
| 📉 Maximum Leverage | 1:500 |
| 📈 Minimum Spread | 0.5 pips |
| 💳 Commission Fees | None on Stocks, ETFs, and Crypto |
| 💻 Trading Platform | xStation 5 |
| 🎉 Open An Account | Open Account |
Swap-Free Account
XTB recognizes the needs of traders who adhere to the Islamic faith with its Swap-Free Account. This specialized account is tailored to comply with Sharia law, allowing traders to engage in ethical trading.
By eliminating swap or rollover charges on overnight positions, the broker ensures that traders can actively participate in the markets while adhering to Islamic principles.
This account option allows Muslim traders in Cameroon to explore a wide range of markets and financial instruments without compromising their religious beliefs.
| 💰 Minimum Deposit Requirement | None, flexible |
| 📊 Account Base Currency | USD |
| 📉 Maximum Leverage | 1:500 |
| 📈 Minimum Spread | 0.5 pips |
| 💳 Commission Fees | 10 USD |
| 💻 Trading Platform | xStation 5 |
| 🎉 Open An Account | Open Account |
Demo Account
An Demo Account is an invaluable educational resource for novice and seasoned traders.
It is intended to provide a risk-free environment where users can become acquainted with the platform and its features without risking real money.
Cameroonian traders can use a demo account to simulate real trading scenarios with virtual funds, allowing them to hone their trading strategies and become accustomed to the trading interface.
In addition, the demo account grants users access to the entire suite of trading tools offered by the platform. This includes charts, indicators, and other analytical tools that allow traders to conduct technical analysis and make informed decisions.
Before transitioning to a live trading account, users can refine their techniques and gain confidence by practicing trading strategies in a risk-free environment.
Islamic Account
The broker provides an Islamic account that adheres to Islamic finance principles, ensuring traders do not pay or receive interest (Riba) on overnight positions. This Swap-Free Account is designed to comply with Islamic requirements, making it available to Cameroonian traders seeking a halal trading environment.
With the Islamic account, Cameroonian traders can participate in the financial markets per their religious beliefs.
What account types does XTB offer?
XTB provides two account types tailored to different trading preferences. These include a standard account and a swap-free account.
What features come with XTB’s accounts?
XTB’s accounts come with a range of features designed to enhance the trading experience. These features include competitive spreads, access to advanced trading tools, and other perks depending on the specific account type.
How to open an Account
To register an account, Cameroonian traders can follow these easy steps:
Step 1 – Click on the “Open Account” button.
On the website’s homepage, look for the “Open Account” or “Register” button and click it. This begins the account opening procedure.
Step 2 – Fill out the form.
Fill out the registration form with the necessary information. This includes your full name, email address, telephone number, and home address. Ensure that you provide accurate details.
XTB VS AvaTrade VS RoboForex – Broker Comparison
| XTB | AvaTrade | RoboForex | |
| ⚖️ Regulation | FCA, ACPR, BaFin, DFSA, KNP, FSCA, CySEC, IFSC | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | IFSC |
| 📱 Trading Platform | xStation 5 xStation Mobile | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 cTrader R StocksTrader R MobileTrader |
| 💰 Withdrawal Fee | Yes, <$50 withdrawals | No | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 0 USD / 0 XAF | 100 USD / 59,837 XAF | 10 USD / 6,054 XAF |
| 📈 Leverage | 1:500 | 1:30 (Retail) 1:400 (Pro) | 1:2000 |
| 📊 Spread | From 0.5 pips | Fixed, from 0.9 pips | 0.0 pips |
| 💰 Commissions | None on most instruments | None | $10 per million traded |
| ✴️ Margin Call/Stop-Out | 100%/50% | 25% – 50% (M) 10% (S/O) | Margin: 40% – 60% Stop-out: 10% – 40% |
| ✴️ Order Execution | Market | Instant | Market |
| 💳 No-Deposit Bonus | No | No | Yes |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Standard Account Swap-Free Account | Standard Live Account Professional Account Option | Prime Account ECN Account R StocksTrader Account ProCent Account Pro Account |
| ⚖️ BEAC Regulation | No | No | No |
| 💳 XAF Deposits | No | No | Yes |
| 📊 XAF Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 2 | 1 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 👉 Open an account | Open Account | Open Account | Open Account |
Overall Rating
- 4.6/5
Min Deposit
0 USD / 0 XAF
Regulators
FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC
Trading Desk
xStation 5, xStation Mobile
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms
xStation 5 Platform
The xStation 5 platform, exclusively available, caters to new and advanced traders, offering a seamless and user-friendly trading experience. With its intuitive interface and advanced charting tools, xStation 5 provides optimal performance. Notable features include:
Lightning-fast execution speeds for timely trade execution.
Free trader talk feature providing live audio feeds of market news and analysis.
Sentiment analysis tool for contrarian trading strategies.
Advanced screener for filtering stocks based on specific criteria.
Top movers feature, highlighting significant market moves and volatility.
Advanced chart trading with market order depth, enabling precise analysis and execution.
Live performance statistics to assess and analyze trading results.
Popular technical indicators include Fibonacci, MACD, and RSI for comprehensive technical analysis.
Custom trading system templates to save and apply preferred strategies.
Fully customizable interface, allowing traders to personalize their workspace.
Bulk order closing for efficient trade management.
xStation Mobile App
For traders on the go, the broker offers the xStation mobile app, providing access to over 1,500 CFD markets. While the mobile app may have some functional limitations compared to the desktop version, it offers essential features for efficient trading on iOS and Android devices. Key features of the xStation mobile app include:
Quick access to prices and trades, ensuring timely decision-making.
Ideal for traders who prioritize convenience and require the ability to trade anytime, anywhere.
Access to trading accounts on iOS and Android devices for flexibility and mobility.
Convenient trade management and monitoring of positions.
Intuitive charting capabilities for on-the-go analysis.
Which trading platforms does XTB offer?
The broker provides access to cutting-edge trading platforms. These platforms are designed to cater to the diverse needs of traders, offering advanced charting tools and a user-friendly interface.
Is mobile trading supported by XTB?
Yes, the broker supports mobile trading through its mobile app, allowing traders to execute trades and manage their portfolios conveniently from their smartphones or tablets.
Range of Markets
Cameroonian traders can expect the following range of markets:
Forex
Indices
Commodities
Stock CFDs
ETF CFDs
Cryptocurrencies
What markets can I trade with XTB?
The broker offers a diverse range of markets, allowing traders to access instruments such as forex, commodities, indices, cryptocurrencies, and shares.
Does XTB provide access to cryptocurrency markets?
Yes, the broker includes cryptocurrencies in its range of tradable markets. Traders can engage in the dynamic cryptocurrency market, including popular assets like Bitcoin and Ethereum.
Broker Comparison for Range of Markets
| XTB | Avatrade | RoboForex | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | Yes | Yes | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | Yes | No |
| ➡️️ Energies | No | Yes | Yes |
| ➡️️ Bonds | No | Yes | No |
XTB Trading and Non-Trading Fees
Spreads
XTB’s trading accounts have variable spreads, meaning the spreads will change depending on the instrument traded, the trading account used, and the day’s market conditions.
Commissions
When Cameroonian traders use their Standard Account to trade forex, indices, commodities, Stock CFDs, ETF CFDs, or cryptocurrencies, they will not incur any commission fees from the broker. Commissions apply to indices and ITA 40 in particular.
All instruments on the Islamic Account, excluding Stock CFDs and ETF CFDs, will have a commission of 10 USD per lot. Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash incur a 4 USD fee for transactions on the Swap-Free Account.
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 your positions for a long time. For example, the Apple CFD financing rate ranged from 2% to 4.5%.
Deposit and Withdrawal Fees
The broker 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.
Inactivity Fees
They charge a €10 per month inactivity fee after 1 year of trading inactivity and if no deposit was made in the last 90 days.
Currency Conversion Fees
Currency conversion fees will apply when Cameroonians deposit or withdraw in XAF.
What fees are associated with trading on XTB?
The broker employs a transparent fee structure. Trading fees include spreads and, for some account types, commissions.
Are there non-trading fees on XTB?
Yes, the broker may charge non-trading fees, such as withdrawal fees or inactivity fees.
XTB Deposits and Withdrawals
The broker offers Cameroonian traders the following deposit and withdrawal methods:
Bank Transfer
Credit Cards
Debit Cards
Skrill
Paysafe
Safety Pay
Neteller
How can I deposit funds into my account?
The broker offers various convenient deposit methods, including bank transfers, credit/debit cards, and popular e-wallets.
What is the withdrawal process on XTB?
Withdrawing funds from your account is a straightforward process. Traders can initiate withdrawals through the platform, and the broker ensures a timely and efficient transfer of funds using the selected withdrawal method.
How to Deposit Funds
To deposit funds to an account, Cameroonian traders can follow these steps:
Step 1 – Log in to your account.
To access your trading account at XTB, visit their website and enter your credentials.
Step 2 – Go to the deposit section.
Find the “Deposit” or “Funding” section once logged in.
Step 3 – Choose a deposit method.
XTB accepts deposits via bank transfer, credit/debit cards, and e-wallets like Skrill and Neteller, among others. Select the approach that best suits your needs.
Step 4 – Choose a deposit amount.
Enter the amount you wish to fund your trading account with. Be aware of any fees or minimum deposits associated with your chosen method.
Fund Withdrawal Process
To withdraw funds from an account, Cameroonian traders can follow these steps:
Step 1 – Log in to your account.
Visit XTB’s official website and log in to your account using your credentials.
Step 2 – Go to the withdrawal section.
Once logged in, navigate to the account menu and locate the “Withdrawal” or “Funds Withdrawal” option.
Step 3 – Select a withdrawal method.
Select the withdrawal method that best suits your needs and is supported in your region. XTB offers various withdrawal options, such as bank transfers or digital wallets.
Step 4 – Choose an account.
Enter the specific dollar amount you wish to withdraw from your trading account.
Education and Research
The broker offers the following Educational Materials to Cameroonian traders:
Articles
Guides
The broker also offers Cameroonian traders the following additional Research and Trading Tools:
Market News
Price Tables
Market Calendar
Does XTB provide educational resources for traders?
Yes, the broker offers a range of educational materials, including webinars, tutorials, and articles, to help traders enhance their knowledge and skills.
Are there research tools available on the platform?
The broker provides robust research tools, including market analysis, economic calendars, and real-time news updates.
Bonuses and Promotions
The broker offers the following bonuses and promotions:
A 50% welcome or deposit bonus to newly registered accounts.
A cashback rebates program for active traders.
Does XTB offer bonuses to traders?
The broker does offer a 50% welcome or deposit bonus and a cashback rebates program.
Are there promotions available for XTB traders?
The broker may introduce promotions or special offers periodically. Traders can stay updated on the latest promotions by visiting the XTB website or contacting customer support.
Affiliate Program Features
The Partnerships go beyond a traditional affiliate program, presenting an exceptional opportunity to expand your business and earn lucrative commissions by promoting XTB’s comprehensive online trading services.
With a substantial client base exceeding 657,000 and a presence in over 10 branches, the broker offers a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies.
The program welcomes various online businesses, such as finance portals, trading schools, influencers, and social media pages. Key features of the Partnership Program include:
Data-driven campaigns: Engage your audience through regular, high-quality, data-driven campaigns, ensuring targeted marketing efforts that generate interest and attract potential traders.
Joint educational campaigns: Partner with the broker to meet the educational needs of your clients, collaborating on educational campaigns that build your brand and enhance client satisfaction.
Cutting-edge trading tools: Provide your audience access to the latest trading technology and innovative tools the broker offers, enhancing their trading experience.
Dedicated partnership manager: Benefit from the guidance of a dedicated partnership manager who can assist you in devising and optimizing your marketing strategy, maximizing the effectiveness of your promotional efforts.
Local language support: Collaborate with XTB’s knowledgeable sales representatives proficient in local languages, facilitating clear and effective communication with your audience and increasing deal closures.
CPA payment plan: The partnership program offers a cost-per-acquisition (CPA) payment plan, where your remuneration depends on factors such as the minimum deposit made by referred clients, their country of origin, and the type of trading transactions they engage in.
Competitive CPA rates: XTB provides attractive CPA rates, with potential earnings of up to $600. You can utilize their search engine to determine the remuneration rate specific to each country.
What features does the Affiliate Program offer?
The Affiliate Program provides a range of features, including competitive commission structures, real-time tracking tools, and marketing materials.
How does real-time tracking benefit the affiliates?
Real-time tracking is a crucial feature of the Affiliate Program, enabling affiliates to instantly monitor the activity and performance of their referred clients.
How to open an Affiliate Account
To register an Affiliate Account, Cameroonians can follow these steps:
Step 1 – Go to the “Affiliate Program” section.
On XTB’s website, look for the “Affiliate Program” or a similar section. Typically, this section provides information and details regarding the affiliate program.
Step 2 – Click on the Join Now button.
If you choose to open an affiliate account, the application form can be found in the Affiliate Program section.
Step 3 – Fill out the form.
Fill out the required fields, including your personal information, contact information, and the website or marketing channels you intend to use to promote XTB.
Customer Support
| ⏰ Operating Hours | 24/5 |
| 👥 Support Languages | Multilingual |
| 💬 Live Chat | Yes |
| 💻 Email Address | [email protected] |
| 📱 Telephonic Support | +357 257 25356 |
| ✔️ The overall quality of Admirals Support | 5/5 |
What support options does XTB offer?
The broker provides comprehensive customer support through various channels, including live chat, email, and phone.
Is XTB’s customer support available 24/7?
Yes, the broker offers 24/7 customer support to ensure that traders can access assistance at any time, regardless of their geographical location or the time zone they are in.
Corporate Social Responsibility
Numerous initiatives comprise XTB’s corporate social responsibility (CSR) and Environmental, Social, and Governance (ESG) strategy. Their commitment to various initiatives is evident in their planned actions to enhance knowledge, accessibility, and social programs while fostering innovation.
They prioritize mitigating climate impact and offer environmentally conscious investment options. The broker adheres to high standards of corporate governance and upholds an ethical code.
The integration of environmental, social, and governance (ESG) principles into their organizational structure is accompanied by transparent communication. The broker actively supports the United Nations’ Sustainable Development Goals and initiates environmental efforts like energy conservation and waste reduction.
They have committed to carbon neutrality and received recognition for their sustainability performance. By establishing the Foundation, they promote employee and economic education.
Furthermore, health protection, athletics, and employee volunteerism are also emphasized. Finally, as a signatory to the Diversity Charter, the broker champions diversity and inclusion in its operations.
What is XTB’s approach to Corporate Social Responsibility (CSR)?
They are committed to CSR initiatives, engaging in various projects that promote social responsibility, sustainability, and community development.
How does XTB contribute to environmental sustainability?
The broker demonstrates its commitment to environmental responsibility by implementing eco-friendly practices within its operations and supporting initiatives that contribute to sustainability and the well-being of the environment.
Verdict
Overall XTB is an established and reputable broker offering a range of trading instruments and platforms. With a global presence and strong regulatory oversight, it provides a secure trading environment for clients.
Their advanced trading tools, educational resources, and responsive customer support create a positive trading experience.
10 Best Forex Brokers in Cameroon
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Multiple globally-respected regulatory bodies oversee XTB, instilling confidence in its dependability and conformity with industry standards. | Due to regulatory constraints, the broker offers less leverage for retail accounts than other brokers. Traders seeking greater leverage should keep this in mind. |
| The broker provides traders with a comprehensive suite of trading tools, including advanced charting capabilities and in-depth research facilities, empowering them to make informed trading decisions. | Although the customer service is responsive and efficient, it is only available during the week. |
| Competitive Fee Structure XTB’s competitive fee structure, characterised by low or no deposit/withdrawal fees and a low minimum deposit requirement, enables cost-effective trading for traders. | Although the broker permits trading actual stocks in certain regions, CFD trading is its primary focus. |
| With over 3900 stocks, ETFs, commodities, indices, cryptocurrencies, and forex pairs, the broker provides traders numerous opportunities to diversify their portfolios across multiple markets. | |
| They are renowned for their responsive and efficient customer service, which ensures that traders’ inquiries and concerns are promptly addressed. |
you might also like: AvaTrade Review
you might also like: easyMarkets Review
you might also like: Admirals Review
you might also like: Markets.com Review
you might also like: Exness Review
Frequently Asked Questions
Does XTB offer a demo account?
Yes, the broker provides a demo account that allows traders to practice their strategies and explore the platform’s features without risking real money.
What are the account types available?
They offer different account types, such as Standard and Swap-Free accounts, each with unique features tailored to different trading preferences and experience levels.
Does XTB have Nasdaq 100?
Yes, the broker offers Nasdaq 100 under “US 100.”
Is XTB Safe or a Scam?
They are a safe, well-regulated broker that provides a secure trading environment, ensures client fund security, and more.
Is XTB regulated?
Yes, the broker is regulated by one Tier-1 regulator (FCA), seven Tier-2 regulators (ACPR, BaFin, DFSA, KNF, CNMV, FSCA, and CySEC), and one Tier-3 regulator (IFSC).
How is customer support at XTB?
They provide responsive customer support through various phone, email, and live chat channels. Their dedicated support team is available to assist with any queries or concerns.
How long does it take to withdraw from XTB?
Withdrawals are processed within one day, depending on when the request is received. However, the funds could take a few days to reflect in the trader’s bank account.
Does XTB have VIX 75?
Yes, the broker has VIX 75. Cameroonian traders can trade VIX 75 as a CFD on Indices with spreads from 0.2 pips and maximum leverage up to 1:67.
