Is XTB a Scam?
Is XTB a Scam?
Operating since 2002, XTB is a broker that can certainly be viewed as reliable. When a company survives in an industry as demanding as this one for a decade and a half, you can be absolutely certain that the people running it know what they’re doing. Asking “Is XTB a scam?” seems pretty redundant because of that, but nevertheless, we still analyzed the company’s security system, just to be on the safe side. In the following paragraphs, you will be able to find out everything about how well protected you and your money are when trading with this company, and we got all our information from our own experience. Read on and see how a professional broker will protect you!
Is XTB a Scam? | Fully regulated
As all big brokers, this one is also present in many places with its offices. From their native UK all the way to Turkey, you can find them in more than a dozen different countries. As a consequence of this, the company is regulated by multiple regulatory bodies, a fact that should immediately tell you is XTB a scam or not. The bodies in question are the Financial Conduct Authority from the UK, Poland’s KNF, Germany’s BaFin and CMB in Turkey. Acquiring four different licenses is quite a feat and a very strong indicator that XTB is legit. Not too many other brokers can say they have this many licenses. As you can see, the company is regulated across Europe, even outside the European Union, so there really is no cause for concern. If you need more proof for that statement, however, just keep reading.
XTB Regulation
Is XTB a Scam? | Technical features
Obviously, we couldn’t end our tests there. There was more work to be done to show is XTB a scam or a reliable broker, so we headed on to check the trading platforms you can use here (more on them in our XTB Review 2017). They worked flawlessly and incredibly smooth and provided an excellent trading experience. After that, we also checked the money transfers and once again were delighted with how easy everything was. Both deposits and withdrawals were always on time and not a single cent was misplaced along the way, plus the money is kept in segregated accounts, of course. The support crew also did a splendid job helping us get around the website and advising us on how to trade, so we have nothing but praise for them, too. In short, everything functions in the best possible manner here.
XTB xStation 5
Is XTB a Scam? | Conclusion
XTB is a company with years of experience in the forex trading industry. They are regulated in multiple countries all over Europe and offer technically perfect features to all their traders. You will never have to worry about your money here, as the company treats every trader’s funds with utmost professionalism and care. The support team is also excellent, so whatever you need explaining they’ll do it in a flash. Is XTB a scam? Don’t be ridiculous! Open an account with them and you will be trading with one of the best brokers in the world!
Hello! I’m Mark Watson, born and raised in Scranton, PA. I’ve been investing online ever since I started college at the University of Pennsylvania (go, Quakers!), where I was an undergraduate student of Economics. At first, I didn’t invest much, I was just hoping to get some extra pocket money, but with time I realized how math and patterns can actually be of great help in this line of work.
After a few years, I moved to London School of Business and Finance to continue pursuing my career in investing, and I eventually landed a job at Credit Bank Europe. The experience I got there was invaluable, plus it assured me that online trading was something I want to do for a living. Sure enough, I became a trading manager in 2015 with FXVC Online Trading, but a little while later I started working on my biggest project so far – BinaryOptionsTrading-Review.com.
The website is still going strong, and we have analyzed hundreds of brokers from all trading fields so far and helped hundreds of readers make the right choice. We also publish trading signals on a regular basis, which have proven to be accurate about 80% of the time!
And since the online trading industry is only growing, with cryptocurrencies and other similar products entering the fray, I am incredibly excited about what the next few years have in store for us. In short, if you want advice from a passionate trader, you’ve come to the right place!