Overall, XTB can be summarised as a trustworthy and regulated broker that offers access to fair trading conditions and a wide range of tradeable markets. XTB is very competitive in terms of its trading fees with multilingual customer support on call 24/7. XTB has a trust score of 4.6 out of 5.
| 🔎 Broker | 🥇 XTB |
| 📌 Local Market Regulator in Nigeria | Central Bank of Nigeria (CBN) |
| 📍 Accepts Nigerian Traders | ✅ Yes |
| ☎️ Margin Call | 100% |
| ⛔ Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Not indicated |
| 🪙 Crypto trading offered | ✅ Yes |
| ▶️ Offers an NGN Account | None |
| ⏩ Dedicated Nigerian Account Manager | None |
| 📊 Maximum Leverage | 1:500 |
| 🚩 Leverage Restrictions | None |
| 💶 Minimum Deposit (NGN) | 0 NGN ($0) |
| 💰 Deposit Currencies | USD |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 250 (776 NGN)
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
XTB Review – Analysis of Brokers’ Main Features
- ✅ XTB Overview
- ✅ XTB Detailed Summary
- ✅ XTB Advantages Over Competitors
- ✅ Benefits of Choosing XTB
- ✅ Overview of Brokers’ Main Features
- ✅ XTB Safety and Security
- ✅ XTB Bonuses and Promotions
- ✅ XTB Affiliate Program Features
- ✅ XTB Minimum Deposit
- ✅ XTB Account Types and Features
- ✅ How to Open an XTB Account – A Step-by-Step Guide
- ✅ How to close My Account with XTB
- ✅ XTB Trading Platforms
- ✅ XTB Range of Markets
- ✅ XTB Fees, Spreads, and Commission
- ✅ XTB Deposits and Withdrawals
- ✅ XTB Education and Research
- ✅ XTB vs BDSwiss vs FP Markets – A Comparison
- ✅ XTB Customer Reviews
- ✅ In Conclusion
- ✅ Frequently Asked Questions
XTB Overview
XTB is a reputable brokerage firm offering online trading services in various financial instruments, including forex, commodities, indices, and cryptocurrencies. They provide a platform for individuals to trade these assets in the global markets.
| 🔎 Broker | 🥇 XTB |
| 📌 Local Market Regulator in Nigeria | Central Bank of Nigeria (CBN) |
| 📍 Accepts Nigerian Traders | ✅ Yes |
| ☎️ Margin Call | 100% |
| ⛔ Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Not indicated |
| 🪙 Crypto trading offered | ✅ Yes |
| ▶️ Offers an NGN Account | None |
| ⏩ Dedicated Nigerian Account Manager | None |
| 📊 Maximum Leverage | 1:500 |
| 🚩 Leverage Restrictions | None |
| 💶 Minimum Deposit (NGN) | 0 NGN ($0) |
| 💰 Deposit Currencies | USD |
| 🚀 Open an Account | 👉 Click Here |
XTB Detailed Summary
| 🔎 Headquartered | Poland |
| 📌 Local Market Regulator in Nigeria | Central Bank of Nigeria (CBN) |
| 📍 Foreign Direct Investment in Nigeria | 37.1 billion USD (as of December 2022) |
| ▶️ Foreign Exchange Reserves in Nigeria | 37.2 billion USD (as of January) |
| ⏩ Local office in Lagos | None |
| 💹 Governor of SEC in Nigeria | Olufemi Lijadu (Chairperson) |
| 🤝 Accepts Nigerian Traders | ✅ Yes |
| 🏷️ Year Founded | 2002 |
| ☪️ Islamic Account | ✅ Yes |
| 🆓 Demo Account | ✅ Yes |
| ⏰ Demo Duration | 30 days |
| 2️⃣ Retail Investor Accounts | 2 |
| ➡️ PAMM Accounts | None |
| 💧 Liquidity Providers | Not mentioned |
| 💙 Affiliate Program | ✅ Yes |
| 📊 Order Execution | Market |
| ↘️ OCO Orders | ✅ Yes |
| 🫰🏻 One-Click Trading | ✅ Yes |
| ☑️ Scalping | ✅ Yes |
| 🍃 Hedging | ✅ Yes |
| 🧐 Expert Advisors | ✅ Yes |
| 🗞️ News Trading | ✅ Yes |
| 📰 Trading API | ✅ Yes |
| 📉 Starting spread | 0.5 pips EUR/USD |
| 📈 Minimum Commission per Trade | None on Forex, Stocks, ETFs, Crypto |
| 📊 Decimal Pricing | 5th decimal pricing |
| ☎️ Margin Call | 100% |
| ⛔ Stop-Out | 50% |
| #️⃣ Minimum Trade Size | 0.01 lots |
| *️⃣ Maximum Trade Size | Not indicated |
| 🪙 Crypto trading offered | ✅ Yes |
| 📌 Offers an NGN Account | None |
| 📍 Dedicated Nigerian Account Manager | None |
| ➡️ Maximum Leverage | 1:500 |
| ↪️ Leverage Restrictions | None |
| 💴 Minimum Deposit (NGN) | 0 NGN ($0) |
| 💵 Deposit Currencies | USD |
| 💶 Are Nigerian Naira Deposits Allowed | None |
| 💷 Account Base Currency | USD |
| 😊 Active Nigerian Trader Stats | 200,000+ |
| 🙂 Active XTB customers | 495,000+ |
| 🧡 Active XTB customers in Nigeria | Unknown |
| 💰 Nigeria Daily Forex Turnover | 1.5 billion USD (November 2022) |
| ⏰ Minimum Withdrawal Time | 1 Working Day |
| 🕰️ Maximum Estimated Withdrawal Time | 7 Working Days |
| ✴️ Instant Deposits and Instant Withdrawals | None |
| 🔁 Segregated Accounts | ✅ Yes |
| ➡️ Segregated Accounts in Nigeria | None |
| 💻 Trading Platform Time | None |
| 🔊 Customer Support Languages | Multilingual |
| 🖇️ Copy Trading Support | None |
| 📌 Customer Service Hours | 24/5 |
| 📍 Customer Support in Nigeria | None |
| 🎁 Bonuses and Promotions for Nigerians | ✅ Yes |
| 📒 Education for Nigerian beginners | ✅ Yes |
| 🖥️ Proprietary trading software | ✅ Yes |
| 🥳 Most Successful Nigerian Trader | Uche Paragon ($16 million+ Net Worth) |
| ❤️ Is XTB a safe broker for Nigerian traders | ✅ Yes |
| 9️⃣ Rating for XTB in Nigeria | 9/10 |
| 💯 Trust score for XTB in Nigeria | 95% |
| 🚀 Open an Account | 👉 Click Here |
XTB Advantages Over Competitors
Choosing XTB comes with a long list of advantages, including:
- ✅ XTB is a global broker headquartered in London and Warsaw. It is regulated by worldwide agencies, including the UK’s Financial Conduct Authority, and is listed on the Warsaw Stock Exchange, making it reliable.
- ✅ XTB offers trading in various assets, including cryptocurrencies and commodities. It provides robust trading tools, research, and advanced charting features suitable for beginner and experienced traders.
- ✅ XTB has easily accessible and responsive customer service, resolving issues quickly and accurately.
- ✅ Known for its low fees for trading forex CFDs and actual stocks/ETFs, XTB offers a fast, free account opening process with no deposit or withdrawal fee. It provides multiple account types (Standard and Pro) and tools for account protection and risk management, supporting low minimum deposits.
XTB provides access to many assets, including over 3,900 stocks, ETFs, commodities, indices, cryptocurrencies, and forex pairs. It allows trading on actual stocks instead of CFDs in certain regions, covering most major markets worldwide.
Benefits of Choosing XTB
XTB’s extensive educational resources and research tools can help novice traders learn the ropes. It also offers a demo account where beginners can practice trading strategies without risking real money. Furthermore, the following benefits apply:
- ✅ Advanced charting tools, various technical analysis options, and a vast array of tradable assets make XTB a solid choice for experienced traders seeking depth and versatility in their trading platform.
- ✅ XTB offers a wide variety of assets to trade, including stocks, ETFs, commodities, indices, cryptocurrencies, and forex pairs. This variety can benefit traders interested in diversifying their portfolios across different asset classes.
- ✅ XTB’s competitive fee structure, no deposit or withdrawal fees, and low minimum deposit requirement can be advantageous for traders who want to maximize their trading budget.
- ✅ Traders who value strong customer service may appreciate XTB’s easily accessible and responsive customer support.
XTB has a global presence and caters to traders in many parts of the world. In certain regions, it allows trading on actual stocks instead of CFDs, which can be a specific advantage for traders in those areas.
Overview of Brokers’ Main Features
| 📉 Order Execution | 5/5 |
| 💵 Commissions and Fees | 4/5 |
| 📈 Range of Markets | 5/5 |
| 📊 Variety of Markets | 4/5 |
| ↪️ Withdrawal Speed | 4/5 |
| ❤️ Customer Support | 5/5 |
| 💻 Trading Platform | 3/5 |
| ✏️ Education | 3/5 |
| 📒 Research | 4/5 |
| 📌 Regulation | 5/5 |
| 📱 Mobile Trading | 5/5 |
| 💯 Trust Score | 95% |
XTB Safety and Security
The Central Bank of Nigeria does not currently regulate XTB. However, as per the table in the following section, XTB is well-regulated by several reputable market regulators in other countries.
XTB Global Regulations
| 📌 Registered Entity | 🌎 Country of Registration | 📍 Company Reg. | ▶️ Regulatory Entity | 📈 Tier | 📉 License Number/Ref |
| 1️⃣ XTB Limited | United Kingdom | 07227848 | FCA | 1 | 522157 |
| 2️⃣ XTB Limited | France | 296794 | ACPR | 2 | 52818 |
| 3️⃣ XTB Limited | Germany | N/A | BaFin | 2 | 10130601 |
| 4️⃣ XTB MENA Limited | Dubai | N/A | DFSA | 2 | F006316 |
| 5️⃣ XTB Africa (Pty) Ltd | South Africa | 2018/363888/07 | FSCA | 2 | FSP 49970 |
| 6️⃣ XTB Ltd | Dubai | 296794 | CySEC | 2 | 169/12 |
| 7️⃣ XTB SA. | Poland | N/A | KNP | 2 | N/A |
| 8️⃣ XTB International Limited | Belize | N/A | IFSC | 3 | 000302/438 |
XTB Protection of Client Funds
| 🔎 Security Measure | ℹ️ Information |
| 🔁 Segregated Accounts | ✅ Yes |
| 💶 Compensation Fund Member | ✅ Yes |
| 💵 Compensation Amount | 85,000 EUR |
| ➡️ SSL Certificate | ✅ Yes |
| 📉 2FA (Where Applicable) | ✅ Yes |
| 📈 Privacy Policy in Place | ✅ Yes |
| 📊 Risk Warning Provided | ✅ Yes |
| ↪️ Negative Balance Protection | ✅ Yes |
| ▶️ Guaranteed Stop-Loss Orders | None |
XTB Security While Trading
XTB takes multiple steps in order to ensure the safety of traders and their funds. These steps include:
- ✅ XTB is regulated by several authorities worldwide, including the UK’s Financial Conduct Authority (FCA), Poland’s Komisja Nadzoru Finansowego (KNF), and the Cyprus Securities and Exchange Commission (CySEC), among others. This regulatory oversight ensures that XTB follows stringent financial standards, including client fund protection.
- ✅ XTB keeps its clients’ funds separate from its own. This means that even if the company were to go bankrupt, clients’ funds would not be used to pay off the company’s debts.
- ✅ Clients of XTB’s UK entity are protected under the FSCS, which can compensate clients up to £85,000 if XTB cannot meet its financial obligations.
- ✅ XTB offers negative balance protection, ensuring that clients cannot lose more money than deposited into their trading account.
- ✅ XTB’s website and trading platforms use Secure Sockets Layer (SSL) encryption to protect data transmission between the client’s computer and XTB’s servers. This technology helps to prevent unauthorized access to clients’ trading accounts.
Finally, Risk Management Tools XTB provides several risk management tools, such as stop-loss and limit orders, to help clients manage their trading risk effectively.
Pros and Cons – Regulation and Safety of Funds
| ✅ Pros | ❎ Cons |
| Client fund segregation | Not all entities are regulated equally |
| Financial services | Limited extra insurance |
| Negative balance protection is available | No guaranteed stop loss |
| Risk management tools are offered | No 24/7 customer support |
XTB Bonuses and Promotions
- ✅ XTB offers the following bonuses and promotions:
- ✅ A 50% welcome or deposit bonus to newly-registered accounts.
- ✅ A cashback rebates program for active traders.
XTB Affiliate Program Features
XTB Partnerships is more than just an affiliate program. The program is open to various online businesses, including finance portals, trading schools, influencers, social media pages, and more. Some features of XTB’s Affiliate Program:
- ✅ You can let your audience benefit from the latest trading technology by providing them with cutting-edge trading tools XTB offers.
- ✅ You can build up an effective marketing strategy with the help of a dedicated partnership manager who can assist you in optimizing your promotional efforts.
- ✅ You can increase your deal closures with the support of XTB’s sales representatives, who speak local languages, enhancing communication and understanding.
- ✅ You can easily attract your audience’s interest through regular, high-quality data-driven campaigns, ensuring targeted and effective marketing.
- ✅ You can collaborate with XTB to meet your clients’ educational needs and build your brand through joint educational campaigns.
- ✅ XTB offers a CPA (Cost Per Acquisition) payment plan, where your remuneration depends on factors such as the minimum deposit, the country of origin of your clients, and the type of trading transactions they engage in.
- ✅ XTB’s partnership program offers attractive CPA rates of up to $600 and provides a search engine to determine the remuneration rate for specific countries.
With over 657,000 clients and a presence in 10+ branches, XTB provides a wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies.
How to open an Affiliate Account with XTB
To register an Affiliate Account, Nigerians can follow these steps:
- ✅ Visit the XTB website and find their ‘Partners’ or ‘Affiliates’ page.
- ✅ Complete an application form providing your personal information and details about how you plan to promote XTB’s services.
Await approval from XTB. If approved, you can start promoting their services and earning commissions.
XTB Minimum Deposit
No minimum deposit amount is required to register an XTB live trading account. XTB provides 2 different live trading accounts, Standard and Swap-Free.
XTB Account Types and Features
XTB offers two dynamic account types with competitive trading conditions tailored to traders’ diverse needs and objectives, whether they are novices or seasoned professionals.
| 🔎 Live Account | 💶 Minimum Dep. | 📈 Average Spread | 💳 Commissions | 📉 Average Trading Cost |
| 🅰️ Standard | $0 | 0.5 pips | N/A | 5 USD |
| 🅱️ Swap-Free | $0 | 0.7 pips | 10 USD | 17 USD |
XTB Standard Account
The Standard Account offered by XTB is designed to cater to a wide range of traders, from beginners to experienced professionals. This account provides access to a broad spectrum of financial instruments, markets, and competitive spreads.
This account type is an excellent choice for those who want a comprehensive trading experience with access to robust tools and resources.
| 💴 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 | 👉 Click Here |
XTB Swap-Free Account
XTB’s Swap-Free Account, also known as an Islamic account, is designed specifically for traders who follow the Islamic faith.
Per Sharia law, this account type does not incur swap or rollover charges on overnight positions, ensuring that trading activities comply with Islamic principles. This account is ideal for Muslim traders seeking to engage in ethical trading without compromising the range of available markets and financial instruments.
| 💴 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 | 👉 Click Here |
XTB Demo Account
XTB does offer a cost-free demo trading account for beginner traders to practice forex trading in a 100% risk-free environment. Other features include:
- ✅ Trade over 2100 CFDs on Forex, Indices, Commodities, Stocks & ETFs
- ✅ Invest in 3000+ Real Stocks and ETFs with 0% commission
- ✅ Performance platforms, including the award-winning xStation
- ✅ Educational Support, Low Spreads, and Commissions
- ✅ Tight spreads from 0.2 pips, 30:1 leverage
- ✅ 24-hour support (Sun – Fri)
The XTB cost-free, risk-free demo account expires after 30 days.
How to Open an XTB Account – A Step-by-Step Guide
To register an account with XTB, Nigerian traders can follow these easy steps:
1. Step 1: Visit the XTB Website and click on the Green “Create Account” Button located at the top right corner of the brokers’ webpage.
2. Step 2: The Trader will be redirected to a page that requires them to provide basic information in order for the process to be completed.
How to close My Account with XTB
To close a live trading account with XTB, Nigerian traders can follow these steps:
- ✅ Before you can close your account, you must close any open positions and withdraw all funds from your account. You can do this through the XTB trading platform.
- ✅ Once your account is clear, you must contact XTB’s customer support. You can usually do this through email, phone, or live chat. Let them know that you want to close your account.
- ✅ The customer support representative will guide you through closing your account. They may ask you to confirm your decision in writing or to fill out a form.
Once your account closure request has been processed, you should receive a confirmation from XTB. Keep this for your records.
XTB Trading Platforms
xStation 5 Platform
xStation 5 is the primary platform offered by XTB, designed for both new and advanced traders. Its simplistic interface and advanced charting tools offer optimum performance and a user-friendly experience. Some notable features of xStation 5 include:
- ✅ Superior execution speeds
- ✅ Fully customizable interface
- ✅ Advanced chart trading with market order depth
- ✅ Live performance statistics for analyzing trading results
- ✅ Popular technical indicators such as Fibonacci, MACD, and RSI
- ✅ Custom trading system templates
- ✅ Bulk order closing for convenient trade management
- ✅ 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
- ✅ Top movers feature presenting major market moves and volatility
xStation Mobile App
XTB also offers the xStation mobile app, allowing traders to access over 1,500 CFD markets. While the mobile app may have some limitations compared to the desktop version, it provides intuitive charts and efficient position monitoring and management.
Key features of the xStation mobile app include:
- ✅ Access to trading accounts on iOS and Android devices
- ✅ Convenient trade management and monitoring of positions
- ✅ Intuitive charting capabilities
- ✅ Quick access to prices and trades
- ✅ Suitable for traders who prioritize convenience and mobility
Overall, XTB’s xStation 5 platform and xStation mobile app offer traders a range of powerful tools and features to enhance their trading experience, from advanced charting and analysis tools to convenient trade management on various devices.
XTB Range of Markets
Nigerian traders can expect the following range of markets from XTB:
- ✅ Forex
- ✅ Indices
- ✅ Commodities
- ✅ Stock CFDs
- ✅ ETF CFDs
- ✅ Cryptocurrencies
Financial Instruments and Leverage offered by XTB
| 🔎 Instrument | 🅰️ Number of Assets Offered | 🅱️ Max Leverage Offered |
| 📉 Forex | 57 | 1:500 |
| 📈 Indices | 30 | 1:200 |
| 📊 Commodities | 28 | 1:500 |
| ▶️ Stock CFDs | 3,900+ | 1:10 |
| ⏩ ETF CFDs | 159 | 1:5 |
| 🪙 Cryptocurrencies | 46 | 1:2 |
Broker Comparison for a Range of Markets
| 🔎 Broker | 🥇 XTB | 🥈 BDSwiss | 🥉 FP Markets |
| 📉 Forex | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| 💎 Precious Metals | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| 📈 ETFs | ☑️ Yes | ❎ No | ❎ No |
| 📊 CFDs | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ▶️ Indices | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ⏩ Stocks | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| 🪙 Cryptocurrency | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| #️⃣ Options | ❎ No | ❎ No | ❎ No |
| 💡 Energies | ❎ No | ☑️ Yes | ☑️ Yes |
| ➡️ Bonds | ❎ No | ❎ No | ❎ No |
XTB Fees, Spreads, and Commission
XTB Spreads
XTB charges variable spreads on its trading accounts, which means that spreads will change according to the instrument being traded, the account being used, and the market conditions on the trading day. Some of the typical spreads that Nigerians can expect are as follows:
| 🔎 Instrument | 📈 Typical Spread |
| 💴 EUR/USD | From 0.5 pips on Standard |
| 💰 Gold | 0.3 pips |
| 📈 Silver | 0.3 pips |
| 📉 Brent | 0.03 pips |
| 📊 NASDAQ | 1 pip |
| 🪙 Bitcoin | 0.5% – 1% |
XTB Commissions
XTB does not charge commissions on the Standard Account when Nigerian traders trade forex, indices, commodities, Stock CFDs, ETF CFDs, or Cryptocurrencies. However, commissions apply to indices and specifically ITA 40.
On the Islamic Account, traders can expect commissions of 10 USD per lot on all instruments except Stock CFDs and ETF CFDs. Furthermore, commissions of 4 USD are charged on Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash on the Swap-Free Account.
XTB Overnight Fees, Rollovers, or Swaps
XTB charges a €10 per month inactivity fee after 1 year of trading inactivity and if no deposit was made in the last 90 days.
XTB Deposit and Withdrawal Fees
XTB 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.
XTB Inactivity Fees
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%.
XTB Currency Conversion Fees
Currency conversion fees will apply when Nigerians deposit or withdraw in Nigerian Naira.
XTB Deposits and Withdrawals
XTB offers Nigerian traders the following deposit and withdrawal methods:
- ✅ Bank Transfer
- ✅ Credit Cards
- ✅ Debit Cards
- ✅ Skrill
- ✅ Paysafe
- ✅ Safety Pay
- ✅ Neteller
Broker Comparison: Deposit and Withdrawals
| 🔎 Broker | 🥇 XTB | 🥈 BDSwiss | 🥉 FP Markets |
| ⌛ Minimum Withdrawal Time | 1 Working Day | 10 Minutes | Instant |
| ⏰ Maximum Estimated Withdrawal Time | 7 Working Days | Between 7 to 10 days | Up to 5 working days |
| 💳 Instant Deposits and Instant Withdrawals | None | None | Yes, Sticpay wallet withdrawals |
XTB Deposit and Withdrawal Details
| 🔎 Payment Method | 💴 Deposit Currencies | 📉 Deposit Processing | 📈 Withdrawal Processing |
| 📈 Bank Transfer | USD | 1 Working Day | 7 Working Days |
| 💳 Credit Cards | USD | 1 Working Day | 1 – 3 Working Days |
| 💵 Debit Cards | USD | 1 Working Day | 1 – 3 Working Days |
| 💶 Skrill | USD | 1 Working Day | 1 – 3 Working Days |
| 💷 Paysafe | USD | 1 Working Day | 1 – 3 Working Days |
| 📌 Safety Pay | USD | 1 Working Day | 1 – 3 Working Days |
| 📍 Neteller | USD | 1 Working Day | 1 – 3 Working Days |
How to Deposit Funds with XTB
To deposit funds to an account with XTB, Nigerian traders can follow these steps:
- ✅ Visit the XTB website and log in to your trading account using your credentials.
- ✅ Once logged in, locate your account’s “Deposit” or “Funding” section.
- ✅ XTB offers various deposit methods, including bank transfer, credit/debit cards, and electronic wallets such as Skrill or Neteller. Choose the method that is most convenient for you.
- ✅ Specify the amount you wish to deposit into your trading account. Take note of any minimum deposit requirements or fees associated with the chosen payment method.
- ✅ Depending on the selected deposit method, you may need to provide relevant payment details, such as bank account information or credit/debit card details. Ensure the information provided is accurate and matches the account details.
- ✅ Review the deposit information and confirm the transaction. Take note of any confirmation or reference numbers provided.
- ✅ Once the deposit request is submitted, XTB will process the transaction. The time the funds appear in your trading account can vary depending on the chosen deposit method. Bank transfers may take a few business days, while deposits made through electronic wallets or card payments are usually processed instantly.
After the deposit is processed, check your trading account balance to ensure the funds have been successfully credited.
XTB Fund Withdrawal Process
To withdraw funds from an account with XTB, Nigerian traders can follow these steps:
- ✅ Visit the XTB website and log in to your trading account using your credentials.
- ✅ Once logged in, locate your account’s “Withdrawal” or “Funds Withdrawal” section.
- ✅ Select a withdrawal method that is most convenient for you and available in your region.
- ✅ Specify the amount you wish to withdraw from your trading account.
- ✅ Depending on the selected withdrawal method, you may need to provide relevant payment details, such as bank account information or electronic wallet details.
- ✅ Review the withdrawal details and confirm the transaction. Take note of any confirmation or reference numbers provided.
- ✅ Once the withdrawal request is submitted, XTB will process the transaction. The processing time can vary depending on the withdrawal method and any additional required verification procedures.
Keep an eye on your XTB account or email notifications for updates on the withdrawal status. XTB may provide confirmation or notify you of any additional steps needed to complete the withdrawal.
XTB Education and Research
XTB offers the following Educational Materials to Nigerian traders:
- ✅ Articles
- ✅ Guides
XTB also offers Nigerian traders the following additional Research and Trading Tools:
- ✅ Market News
- ✅ Price Tables
- ✅ Market Calendar
XTB vs BDSwiss vs FP Markets – A Comparison
| 🔎 Broker | 🥇 XTB | 🥈 BDSwiss | 🥉 FP Markets |
| 📉 Regulation | FCA, ACPR, BaFin, DFSA, KNP, FSCA, CySEC, IFSC | CySEC, FSC, BaFIN, FSA | ASIC, CySEC |
| 💴 Withdrawal Fee | ✅ Yes | ✅ Yes | ✅ Yes |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💵 Min Deposit | 0 NGN | 4,600 NGN | 30,850 NGN |
| 📈 Leverage | 1:500 | Up to 1:1000 | 1:500 |
| 📊 Spread | From 0.5 pips | From 0.3 pips | 0.0 pips |
| 💶 Commissions | None on most instruments | $2 to $5 | From US$3 |
| ⛔ Margin Call/Stop-Out | 100%/50% | 50%/20% | 100%/50% |
| ➡️ Order Execution | Market | Instant/Market | Market |
| 🎁 No-Deposit Bonus | None | None | None |
| 🪙 Cent Accounts | None | In Progress | None |
| 📌 CBN Regulation | None | None | None |
| 📍 NGN Account | None | None | Yes |
| ☎️ Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 🔟 Retail Investor Accounts | 2 | 4 | 4 |
| ☪️ Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ↘️ Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ↪️ Maximum Trade Size | Not indicated | 50 lots | 50 lots |
| ⏰ Minimum Withdrawal Time | 1 Working Day | 10 Minutes | Instant |
| 🕰️ Maximum Estimated Withdrawal Time | 7 Working Days | Between 7 to 10 days | Up to 5 working days |
| 💳 Instant Deposits and Instant Withdrawals | None | None | Yes, Sticpay wallet withdrawals |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
XTB Customer Reviews
🥇 Excellent Support
The customer support offered by XTB is commendable, although its effectiveness may vary across different countries. Upon initiating my trading journey with a demo account, a team member promptly reached out to introduce themselves as my designated account manager. Furthermore, I received a comprehensive collection of educational materials via email. Subsequently, I transitioned to a real trading account and have been engaging in trading activities with XTB since the onset of the lockdown period. – Earl Newton
🥈 Great Mobile App
The mobile app provided by XTB is highly appreciated, although some improvements can be made to the desktop app. Specifically, it would be beneficial to incorporate additional indicators such as anchored VWAP. Additionally, including colorless candles in the desktop app would be desirable. (Note: I have discovered this feature within the settings. – Asia Odling
🥉 User-Friendly
XTB offers a user-friendly platform that facilitates the seamless opening of trading accounts. Furthermore, the availability of a dedicated agent with whom I engage in weekly discussions has contributed to an excellent experience for me. – Cecil Gillespie
In Conclusion
According to our research, XTB is a reputable brokerage firm that offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The company is regulated by multiple financial authorities, providing security and trustworthiness for traders.
We found that one of XTB’s standout features is its advanced trading platform, xStation, which offers a user-friendly interface and a variety of tools and indicators for technical analysis. The platform is available on desktop and mobile devices, ensuring flexibility for traders. XTB’s customer support is generally regarded as responsive and helpful, with various channels available for assistance.
Frequently Asked Questions
What is XTB?
XTB is a reputable brokerage firm offering online trading services in various financial instruments, including forex, commodities, indices, and cryptocurrencies. They provide a platform for individuals to trade these assets in the global markets.
How can I contact XTB’s customer support?
XTB provides customer support through various phone, email, and live chat channels. You can find their contact information on their website’s “Contact Us” page.
Does XTB have Nasdaq 100?
Yes, XTB offers Nasdaq 100 under “US 100.”
Is XTB Safe or a Scam?
XTB is a safe broker regulated globally by reputable entities, including the FCA, DFSA, FSCA, and others.
Is XTB regulated?
Yes, XTB is regulated by one Tier-1 regulator, seven Tier-2 regulators, and one Tier-3 regulator.
How long does it take to withdraw from XTB?
Withdrawals can range from 1 working day to several days, depending on when the withdrawal was requested and the method used.
What deposit and withdrawal methods does XTB accept?
XTB supports deposit and withdrawal methods, including bank transfers, credit/debit cards, and electronic payment systems. The available options may vary depending on your country of residence.
Does XTB have VIX 75?
Yes, XTB offers VIX as a CFD on Indices, with spreads from 0.2 pips and leverage up to 1:67.
Why should I work through the SA Shares Cashback?
You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as XTB.
This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as XTB to ensure you get the most back from your trading activities.
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