TU Experts explain the different XTB account types

Choosing the best Forex Broker will undoubtedly result in greater results. As a result, if you wish to trade optimally, you must:

Find the best forex trading platforms;

Ensure the broker has good customer service, which will assist you with opening an account, verifying the deposit and withdrawal process, and giving the assistance you require for your day-to-day trading questions. 

Open a trading account with the best account provider;

Trade on the most reliable platform and learn about all the fees and trading costs.

However, choosing the best trading platforms that will meet your needs and bring out your best trading style may be challenging. To help overcome these challenges, Traders Union experts have recommended one of the best trading platforms – XTB and explained what kind of XTB Logins types are.

What is XTB? 

XTB is a reputable multi-asset broker that provides exceptional customer service, a diverse range of FX and CFDs, and an overall positive trading experience. Its xStation 5 trading interface is well-designed and packed with innovative features tell TU experts. It enables traders to open different accounts, including Demo, Standard, and Swap-free.

XTB was established in Poland in 2002 and is listed for trading on the Warsaw Stock Exchange (WSE: XTB.PL) with a market valuation of 3.83 billion PLN (858 million USD) as of February 23, 2023. XTB has about 258,000 active clients worldwide as of its preliminary report for 2022, which was issued in February 2023. 

XTB has offices in over a dozen countries across Europe and is regulated by multiple authorities, including the FCA in the United Kingdom, the KNF in Poland, the BaFIN in Germany, the CNMV in Spain, the AMF in France, CySEC in Cyprus, the DFSA in the United Arab Emirates, the FSCA in South Africa, and the FSC in Belize. Through its Belize business, XTB has indemnity insurance coverage of up to $1 million per customer claim and up to $5 million total.

XTB Demo Account

Trading beginners always choose risk-free trading to practice various techniques. As a result, they can utilize their XTB accounts in demo mode.

The free XTB demo account is available for 30 days and allows traders to practice trading with virtual funds. The demo account requires no deposit.

You will be able to trade over 2,000 assets. Your account will be credited with $100,000 in virtual funds to allow you to try the platform’s features.

You can trade over 1500 instruments with an XTB Standard Account, including ETF CFDs, stock CFDs, indices, crypto, commodities, and Forex. The Standard Account’s market execution allows you to leverage 1:200.

XTB Standard Account

For Standard Account holders, the minimum order is 0.1, and the minimum spread is 0.35. This XTB live account also includes automated trading and a negative balance warning. You have the following trading instruments at your disposal:

•     Forex.
•     You can choose from 49 minor and major currency pairs at XTB. Currency pairs have a 33% margin for XTB traders with European businesses. The margin is 5% in the case of minor currencies.
•     Indexes and commodities.
•     These spread-only goods do not require a commission. As a result, when positions are active for more than 24 hours, you can reduce your trading costs. You will also have access to 42 indices covering the United States, Australia, and other countries. Commodities include eight metals, such as nickel and zinc.
•     CFDs on cryptocurrency.
•     Bitcoin Cash, Bitcoin, Ethereum, and Litecoin are among the 25 crypto CFDs available from the firm. However, due to new laws, UK brokers can no longer provide crypto assets to ordinary traders. To trade cryptocurrencies, you must first register with an XTB subsidiary outside the United Kingdom.

XTB Free Swap Account

A Swap-free Account has almost the same characteristics as a Standard Account. The primary distinction is that a swap-free Islamic Account does not permit crypto trading.

The trading instruments offered to you are comparable to those found in a Standard Account. You can utilize any of these trading platforms whether you have a Standard, Swap-free, or Demo Account emphasize Traders Union experts.