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XTB Account Opening

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Adam N.
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How to get to your first trade at XTB as of February 2024?

Reading time: 6 minutes

Choosing XTB as your broker to do your first trade is a good idea, go for it. In this article, we are going to take you through all the steps necessary, from the registration all the way to setting up your first order. At XTB, opening an account is easy, and needs no prior knowledge. If you have opened an account anywhere on the internet before, you pretty much already know what to expect.

To give you a brief summary: XTB is a trusted global CFD broker, listed on the Warsaw Stock Exchange. XTB is regulated by many financial authorities globally, including the top-tier FCA.

My key findings in a nutshell
Adam
Adam Nasli
Financial Wizard | Regulation • Fighting Scams • Market Analysis

I've thoroughly tested XTB services with our analyst team by opening a real-money account and these are my most important findings:

  • Signing up takes 15 minutes, while the approval of your account could take 1 day
  • Available in most countries, except the US, Canada
  • You will need to prove your identity and residency with documents. Some examples:
    • Proof of identity: ID / passport / driver's license
      Proof of residency: bank statement / utility bill
  • XTB is a reliable broker regulated by a top-tier regulator
  • Visit XTB's site and start registering now!
Account opening at broker

First, let's see if XTB is available in your country?

No, you can't open an account at XTB if you live in the United States!
the United States

Disclaimer: 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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How to get a verified trading account at XTB?

First you need to fill a registration form to apply for an account. Your application needs time to be verified [1 day] after which you can deposit and start trading.

The journey at XTB

XTB account opening step-by-step guide

  1. Go to XTB's website to start the account opening process.
  2. Follow the account opening process: it is self-evident, but you might need help at some point. Don't worry, we cover the main issues here.

Which XTB account to choose?

Throughout the registration process, you'll be automatically given a 'Standard' account.

Some of the 'Standard' account's main features are:

  • Access to 2100+ assets including Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs
  • Minimum spreads from 0.5 wtih EURUSD benchmarking at 1.0
  • 1:500 max leverage 0
  • No commission on trades, only spread costs

If you open an account from outside of Europe, you can also open a swap-free/Islamic account. This account type is compliant with Islamic law and doesn't charge swap fees.

Which base currency to choose?

Why does this matter? You can cut your costs.

  • If you fund your trading account in the same currency as your bank account, or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.
  • A convenient way to save on the conversion fees is by opening a multi-currency bank account at a digital bank, which is fast and easy.

The base currencies at XTB are: EUR, USD, GBP, HUF, PLN.

Once you have filled out the form, uploaded your documents, chose your account type, base currency and finished the trading survey, XTB will verify your account very shortly.

Why do I need to fill the trading experience survey?

It might seem scary at first, but it is nothing to worry about. This is standard procedure, as brokers need to make sure that you have a basic financial knowledge and you are aware of the risks of trading.

Also don't worry if the broker asks questions about your financial background e.g. your available assets, salary range. This is also part of the risk assesment process - to make sure you don't take on investments and trades you can't afford.

How to deposit and start trading at XTB?

To do your first trade, you have to fund your account. Generally, brokers offer a Bank transfer / ACH / Credit or debit card / E-wallet transfer solution.

This is where you stand at the account opening at XTB

Is there a minimum deposit at XTB?

Luckily, no. You can deposit to XTB, without having to do a large commitment.

Also, if you feel like this service is not your cup of tea: no worries. You can opt out and withdraw your funds anytime.

If you received your verification email, you are good to go to fund your account and start investing!

Here's how to start after funding your account:

  • First, check the products on the platform. You can also search for assets using its search tool,
  • Here, you'll see a list of assets by certain categories, like asset classes,
  • Click/tap on an asset to see its chart,
  • After this step, it is easy to specify the transaction size, order types, and terms.

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"Registering only took 15 minutes for me at XTB, which is quiet short compared to other brokers, and I could start already trading the next day. XTB offers one single account type, which makes registering pretty straight-forward for beginners as well. I recommend XTB for forex and CFD traders looking for low fees and great deposit and withdrawal options." - Bence András Rózsa, Broker analyst

Is XTB safe?

Yes, XTB can be considered a legit broker, as it is regulated by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will most probably not become a victim of a scam by XTB.

Throughout the account opening process at XTB, you won't be required to pay anything to create your account. Also, you can close your account anytime you like.

Every time you are planning to dive into finances, make sure you know who you trust your money with. Make sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers on our site, meaning the broker's operations are overseen by a trusted body.

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Wrap-up

You are awesome for having read through this article! Opening an account might seem cumbersome at first, but the best time to start dealing with your finances is always right now.

We want to help you along the way, so if you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum..

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FAQ

How do I put money in my XTB account?

You can deposit money to your XTB account using a bank transfer, a credit/debit card, or an electronic wallet such as PayPal or Paysafe. Credit card deposits are fastest but may involve a fee in some countries; while bank transfers are free but take a bit longer. You can initiate deposits after logging in to the xStation platform or your Client Office.

How long does it take to open an account at XTB?

Completing the registration process should take about 15 minutes. Once XTB receives all your information and documents, your account will be approved usually in less than a day.

How long does it take for XTB to approve my account?

Once you have completed the registration form and uploaded all documents to verify your identity, XTB will usually approve your account in less than a day.

How do I know if my XTB account is approved?

You will be notified by email as soon as your account is activated by XTB. You can also log in to the Client Office to check the status of your account.

How much do I need to open an account at XTB?

XTB requires no minimum deposit for newly opened accounts. This means you can start trading with relatively small amounts.

Can I use a debit card to deposit to XTB?

Yes, you can deposit to your XTB trading account using a debit card. Debit card deposits are usually free, although in some countries you will be charged a small fee, usually about 1% or less of the deposited amount.

Can I use PayPal to deposit on XTB?

Yes, you can use PayPal to fund your XTB account if you live in the European Union. Deposits via PayPal are instant and usually free.

Does XTB have a demo account?

Yes, by completing a simple registration form, you'll be good to good for 4 weeks with a demo account. Find 'Demo' at the top of XTB's home page to start the process.

What platform does XTB use?

XTB has a unique web trading platform called the xStation. It's an in-house built solution. 

On mobile, there's an app available for both iOS and Android. 

If you'd like to download a client to your desktop, you can run a desktop app version of the web platform on Windows (32 and 64 bits) and Mac.

Is XTB good for long term?

If you invest in real stocks and ETFs, then it can be a suitable option. However, real assets are only available in certain European countries. 

Investing in CFDs and holding them overnight will trigger a swap point charge or (overnight fee). 

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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