Forex Traders often wish to trade with brokers that offer suitable trading conditions, affordable minimum deposits, and easy-to-use trading platforms. Sometimes they even trade with loosely regulated forex brokers for lower minimum deposits and higher leverage. XTB is one of the highly regulated forex brokers that offer online trading services to traders worldwide. It is regulated by CySEC, FCA, KNF, IFSC, etc.
If you consider using XTB as your broker, you may be wondering about the minimum deposit requirements, and deposit conditions of XTB. In this guide, we will provide you with a comprehensive overview of XTB’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading trading journey
What is the minimum deposit for XTB?
The minimum deposit of XTB is $0.
XTB Overview
- Founded In: 2002
- Founder: Jakub Zablocki
- Locations: UK, Cyprus, Belize, Poland.
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations:CySEC, FCA , KNF , IFSC
- Trading platform:xStation 5 , xStation Mobile
- Account Types: Standard, Pro, Islamic
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Paysafe, SafetyPay, Skrill
- US Traders: Not Accept
How to Fund Your XTB Account: A step by Step Guide
Step 1: Log in to Your XTB Account
To fund your XTB account, you’ll first need to create your XTB account or log in to your existing account. Open your preferred web browser and go to the official XTB website. Then visit the login section. You will find it in the Manubar. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.
Step 2: Go to the Deposit Section
Once logged in, go to the deposit section within your XTB account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Click on this section to proceed to the next step.
Step 3: Choose Deposit Methods
In the deposit section, you’ll find available deposit methods for funding your XTB account. These methods may include direct Bitcoin deposit, Bitcoin via Instacoin, and wire transfer via Instacoin. XTB currently does not offer any other deposit methods other than Bitcoin.
Step 4: Enter Payment Details
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Depending on the chosen method, this could involve entering your Bitcoin wallet address for direct Bitcoin deposits, following instructions provided by Instacoin for Bitcoin transactions, or providing bank details for wire transfers via Instacoin. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process.
Step 5: Complete Process
After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your XTB trading account which allows you to start trading on the platform.
How to Withdraw Funds from XTB
To withdraw funds from XTB, follow these steps:
- Log in to your XTB account.
- Go to the “Withdraw Funds” or “Withdrawal” section.
- Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
- Enter the amount you wish to withdraw.
- Follow any additional on-screen instructions for your chosen withdrawal method.
- Confirm the withdrawal request.
- Wait for the withdrawal to be processed by XTB.
Frequently Asked Questions (FAQs)
What is XTB?
Founded in 2002, XTB is an exchange-listed forex and CFD broker with headquarters in Poland and offices in over 13 countries. The broker offers more than 5,500 forexes, CFDs as well as real stocks, and ETFs for trading on its proprietary platforms. XTB boasts of over 800,000 clients from all over the world.
What is the Maximum Deposit of XTB?
XTB does not have a maximum deposit limit. You may deposit as much as you want. However, your deposit methods might have transaction limits. For example, Paypal, Neteller, and Skrill have a max deposit limit of 50,000 of your base currency (USD, GBP, EUR)
What currency can I deposit into XTB?
XTB accepts multiple base currencies, including USD; EUR; GBP; CZK; HUF; PLN; RON; TRY; and CLP. If your country’s base currency is not listed, you can convert and deposit funds in your preferred currency.
What is the maximum leverage of XTB?
The Maximum Leverage of XTB is 30:1. It means that you can trade up to 30 times the equivalent amount of base currency you have in your account.
How much does it cost to deposit in XTB?
XTB does not charge any fees for deposits made via any method. However, your card issuer or payment provider may or may not impose a small fee. If you convert your currency and make a deposit, conversion charges might be applicable
What is the Minimum trade size of XTB?
The Minimum trade size of XTB is 0.01. It is worth mentioning that a lot is a standard contract size in the currency market. It equals 100,000 units of a base currency, so 0.01 lots account for 1000 units of the base currency
What is the Maximum Trade size of XTB?
There is no maximum lot size limitation, except available liquidity, marginal requirements, and maximum instrument exposure.
How long does it take to deposit on XTB?
XTB deposits are usually instant. The broker accepts multiple deposit methods. However, the deposit turnaround time (TAT) may vary depending on the chosen payment methods.
- Visa debit/credit card: Immediate
- Mastercard debit/credit card: Immediate
- PayPal: Immediate
- Domestic bank transfer: Same day
- International Bank Transfer: 1-5 working days
XTB does not accept payments from third parties. The payment account holder must match the account holder’s name. For joint accounts, the XTB account must be opened in the name of any one of the joint account holders.
How much should I deposit in my XTB account?
You may deposit any amount you want. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading.
What trading platform does XTB use?
XTB uses xStation trading platforms. Currently, the broker does not have MT4, MT5, or any other trading platforms.
Final Verdict :
XTB is one of the most popular forex brokers. The minimum deposit at XTB is $0. This no-minimum deposit helps traders to enter the market easily, with minimal financial risk. It also provides an opportunity to test trading platforms and strategies in a cost-effective way.
