This XTB withdrawal review will cover the minimum trade size and how you can withdraw funds from XTB. It will also look at customer service and regulatory oversight. All this information will help you make an informed decision about whether or not to join this broker. This broker is an excellent choice for those seeking a low-cost broker with quick withdrawals.
XTB withdrawals
If you are thinking of withdrawing funds from XTB, here’s how it works. It would help if you first verify your identity and residence. Unlike some other services, XTB doesn’t charge withdrawal fees unless you exceed a certain threshold. To verify your identity, you must upload a photo ID. You can submit a scanned copy if you don’t have a valid photo ID. Besides, you can use a bank statement or utility bill as proof of residency. Withdrawals are usually processed within a day or two.
XTB offers email and phone assistance to its customers. It also has a live chat option. You should use the phone option if you prefer to speak with a natural person. This is an excellent feature if you prefer to talk to someone on the phone. In addition to phone support, XTB has an email form you can fill out if you need help.
XTB Limited is regulated by the UK Financial Conduct Authority and holds client funds in segregated bank accounts. As a result, you can rest assured that your funds are safe. XTB also operates in an offshore zone in Belize, which is a safe environment for trading. However, we recommend avoiding solely offshore firms as they pose high risks.
XTB minimum trade size
The XTB brokerage offers two accounts: the standard account and the pro account. Both are free to open. The basic account is spread-free, and leverage is capped at 1:30. XTB also offers a Pro account, which isn’t listed on its website but is mentioned in the FAQs. The Pro account is essentially a corporate account. You can inquire about this account type by contacting XTB directly.
XTB requires that clients verify their identity and residence. For some clients, this process can be conducted via video chat. Otherwise, they require a scanned copy of a photo ID and proof of residency. Other proof of residency includes utility bills and bank statements. After submitting these documents, XTB will verify your account shortly.
XTB’s website offers a wide range of CFDs, including 48 Forex pairs, 25 Cryptocurrencies, and 40 CFDs on stocks, indices, and ETFs. However, UK residents cannot trade stocks or cryptocurrencies using an XTB account. Nevertheless, for those seeking the best experience and lowest fees, XTB is worth checking out.
XTB regulatory oversight
Regulatory oversight is one of the most important things to consider when withdrawing your funds from an e-broker. XTB Online Trading is highly regulated by several agencies, including the Financial Conduct Authority (FCA) and the International Financial Services Commission (IFSC). Because of these authorities’ oversight, traders can be confident that XTB is following the highest standards and protecting their funds.
XTB is also regulated and authorized by the Financial Conduct Authority (FCA). This means that if the broker goes bust, you will not be able to lose more money than you initially invested. Additionally, XTB must maintain client funds in segregated accounts, which safeguards them in the case of the broker’s bankruptcy. Moreover, if the broker’s insolvency occurs, clients are protected by the Financial Services Compensation Scheme (FSCS), which protects up to PS85,000 per person.
XTB also offers live webinars with market experts to answer questions and provide valuable insight. In addition, to live webinars, the XTB website also offers an extensive knowledge base. The website contains a section on Frequently Asked Questions (FAQ), Our Platforms, Your Account, Trading Glossary, and more.