Here's how to deposit money to XTB
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It's great that you are looking for deposit options at XTB to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.
There are several ways to start your journey, let's walk through the options together!
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.
THE ESSENCE:
- The minimum deposit at XTB is $0
- XTB charges $0 for deposits
- You can only deposit funds from accounts that are in your name
- Visit XTB's page to start the process
- XTB is a reliable broker regulated by at least one top-tier regulator
First, let's see if XTB is available in your country?
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.
XTB minimum deposit
Is XTB safe?
To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.
XTB can be considered a legit broker, as it is overseen by several top-tier regulators, like the Financial Conduct Authority (FCA) or the Dubai Financial Services Authority (DFSA), which is a great sign for reliability.
For you, this means that your money is in good hands and you will be able to access your funds.
XTB minimum deposit
What is the minimum deposit at XTB?
At XTB, the minimum deposit is $0. This means that you can deposit as little money as you wish.
After you have completed the registration and verification process, you need to fund your account to start trading.
Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment.
Here's a tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.
Pay attention to the inactivity fee though. At XTB, there is an inactivity fee, with the following conditions: €10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days.
"I like that XTB has zero minimum deposit requirements, meaning you can start trading with as little amount as you want. Despositing via credit or debit card makes funding a pretty straight-forward process for beginners too." - Bence András Rózsa, Broker analyst
XTB minimum deposit
What base currencies are available at XTB?
At XTB, the following base currencies are available: EUR, USD, GBP, HUF, PLN. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.
To avoid high conversion fees, consider opening a multi-currency account at a digital bank.
XTB minimum deposit
What deposit methods are available at XTB?
At XTB, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, Paysafe, Skrill.
All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.
There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.
| Deposit options | XTB |
|---|---|
| Bank transfer | Yes |
| Credit/Debit card | Yes |
| Electronic wallet | Yes |
You can find a step-by-step guide on how to fund your account further down in this article.
XTB minimum deposit
Is there any deposit fee at XTB?
The answer is no. No deposit fees will be applied at XTB.
This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.
That is in case you fund your account through a bank transfer or credit/debit card. For electronic wallets a general fee will apply. However, XTB will always let you know the fee that will be charged for deposits when selecting the 'Deposit funds' at the bottom left corner on their platform.
XTB minimum deposit
How to deposit money to XTB account?
Here's a step-by-step guide:
- Log in to your XTB trading account
- Click 'Deposit Funds' on the bottom left corner
- Select a funding method
- If you have selected one of the credit card options:
- Click 'Deposit with a new card' if you have not added a card before
- Provide your card's information and click 'OK'
- Click 'Deposit'
- If you have selected Bank transfer:
- All the necessary details will be provided to you
- Log into your personal bank account and start a wire transfer
- If you have selected an Electronic Wallet:
- Provide the amount you wish to deposit
- Start the payment and log into your E-wallet account to confirm
If you get stuck during the process, you can always reach out to XTB's customer support. At XTB, customer support can be reached via live chat, phone and email.
XTB minimum deposit
Wrap-up
It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.
If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.
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