XTB is a renowned trading platform. On XTB, it is possible to trade many financial assets and also several cryptocurrencies with CFDs. In this article, we take a tour of XTB, its services and all the registration methods.
Mis à jour le 11/27/2023 à 14:02
When you are interested in investing, and more particularly in crypto trading, you quickly hear about the famous XTB platform. It is one of the best known brokers on the market.
XTB is a trading tool. Brokers are indeed platforms for the purchase and resale of contracts on certain financial assets. The platform is present on several markets, including cryptocurrencies.
Active for more than 16 years, the company has offices in 13 different countries and offers its services worldwide. In particular, there is an XTB France office.
Like all brokers, XTB is regulated by many organizations depending on the country. In France, XTB is regulated by ACP.
Investing in cryptocurrencies with XTB is actually trading with CFDs. These are “Contracts for Difference”. This means that an investor opens a position in an asset by betting on its rise or fall.
In reality, the investor never owns the asset but a contract that attests to his entry and the movement he predicts for the asset.
In short, this means that the user never owns cryptocurrencies. Investing in cryptos through brokers has advantages and disadvantages. For example, investing through brokers is often much easier than through cryptocurrency exchanges, which often require basic knowledge.
XTB is a fairly versatile broker that offers access to major financial markets to its users. We will cite :
Forex is the currency market. We therefore trade on the movements of value between two currencies.
Example: Euro/US Dollar
You can find 48 currency pairs on XTB.
Indices are groupings of stocks that are usually grouped by country or category. Each country has its index which includes the largest companies present there.
Example: the CAC40 in France (or FRA40 when it comes to CFD contracts)
On XTB, it is possible to trade on 39 different indices.
Commodities are physical financial assets whose value is listed on a stock exchange. The best known is gold, but there are also oil, aluminum, coffee, etc.
26 commodities are listed on XTB.
Stocks are simply corporate stocks. The investor buys a share, which represents a share of the company, the value of which fluctuates depending on the state of health of the company in question.
ETFs are investment funds made up of several shares.
XTB lists no less than 287 ETFs and more than 3000 different stocks!
XTB has also entered the cryptocurrency market and today references 19 different tokens. A fairly low number that should increase in the future.
Among the proposed cryptos, we obviously find Bitcoin, Ethereum, and the best known such as Dogecoin, Cardano, Avalanche, Ripple, Polkadot, etc.
To register on the XTB platform and start trading cryptocurrencies, it’s very simple. Let’s see the different steps of XTB registration to create an account in just a few minutes.
Your account is now created !
To start trading, you have to go through the account activation step, which requires verification of your identity. You must send proof of your identity and also of your tax residence.
The advantage of XTB is that it is possible to create a demo account in order to test the platform as well as try trading if you have little knowledge.
This allows you to start trading in just a few clicks and without risking your own money.
We advise you to start by opening an XTB DEMO account if you are a beginner to get your hands on the various financial tools and instruments.
To be attractive, brokers always try to apply a minimum of fees to their users. Or in any case, to practice them so that the user has the impression of not paying too much.
First of all, you should know that the XTB platform does not charge any registration fees or any commission (up to €100,000 of monthly investment) on cash stocks and ETFs.
On the other hand, for CFD contracts, the platform charges fees in the form of spreads, but also daily fees on the assets you hold.
The amount of commissions per transaction is 0.08% for each order execution (with a minimum of 8 euros per commission).
The amount of daily fees (overnight funding fees) varies according to the assets but generally ranges between 0.004% and 0.008%.
Otherwise, XTB does NOT charge ANY FEES for :
There is no minimum deposit amount on the XTB platform. Users can invest whatever capital they want initially.
XTB is a world-famous platform that has been awarded many times, has renowned ambassadors (José Mourinho) and a number of years of existence.
These different aspects constitute a first positive point for the platform because they are reassuring elements on the reliability of the platform.
XTB offers a wide range of financial instruments and products, which allows investors to find a versatile platform on which they can diversify their investment.
The platform offers investments on the largest financial markets.
However, we regret the absence of services such as copy trading, offered by their competitor eToro.
The world-famous broker has also developed its own trading platform: xStation, which has also won several awards. For example: “Best Trading Platform 2016” by Online Personal Wealth Awards.
The question of the appropriate platform to invest in cryptos comes up very often. Indeed, the two big choices facing users are :
Generally, brokers are easier to learn and more intuitive than trading platforms. For a start, it may therefore be better to turn to a trading broker.
However, buying cryptos through a broker can represent costs in the long term and depending on your investment strategy, it may be more appropriate for you to turn to an exchange platform. Moreover, you will truly own your cryptos. Via a broker, you hold a position contract on a course of a crypto.
However, it can also be more beneficial and less risky when knowing the volatility of the digital currency market.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.
Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
