Is XTB Scam?

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XTB is a CFD and forex broker that claims to offer a no-dealing desk trading platform. Moreover, it has an affiliate program that requires a minuscule 0.08 percent commission on CFDs and ETFs. However, a CPA affiliate program is not a good sign if it does not deliver on its promises.

XTB is a CFD and forex broker

Before investing with XTB, you should ensure you know the company’s reputation and how to protect yourself. To open an account, you’ll be asked to provide your name, email address, and address. After that, you can deposit any amount you want. There are two main accounts at XTB: the Standard Account and the Elite Account. The Standard Account offers low spreads and no commissions for forex, commodities, and cryptocurrencies. XTB also accepts payments via debit/credit card, bank wire transfer, e-wallet, and other forms of payment.

There are several disadvantages to XTB. Although it advertises that it charges no commissions on stocks, it isn’t free. It also charges $30 for withdrawals under $50. In addition, XTB is known to use misleading rewards to lure in traders. For example, it advertises that clients can earn cashback if they close their positions or trade a certain amount of money per month. Moreover, XTB’s customer support is subpar.

Another warning sign of a scam broker is a pushy account manager. If the account manager is relentlessly calling you to deposit more money, you can be sure they are scam brokers. Moreover, a reliable trading system is essential in trading. However, XTB’s system is unreliable, and customers have reported issues with the server freezing or slowing down during critical trading hours.

It charges a 0.08 percent commission on CFDs and ETFs

XTB offers a variety of brokerage services. Their accounts are available for different levels of experience and don’t require a minimum deposit or volume requirement to open an account. XTB also offers a range of premium educational materials for traders of all levels.

XTB offers a 24-hour customer support service and local offices. The company is regulated and legitimate, and even signed football manager Jose Mourinho as an official brand ambassador. Its tight spreads can differentiate between a profitable trade and a losing one. The company has also invested heavily in its proprietary trading platform, which is highly intuitive and feature-rich.

XTB offers a range of over 5,000 financial instruments divided into six categories: forex, stocks, commodities, indices, and cryptocurrencies. It also offers CFDs on more than 1,500 equities. It also offers a proprietary trading platform, station, one-click trading and news feed.

It has a CPA affiliate program.

XTB is a retail brokerage that offers CPA affiliate programs and educational videos on trading. Their affiliate program lets you earn up to 600$ CPA for every referral who deposits at least 400$ with XTB. It is a no-dealing-desk broker, which meaning trades are executed automatically. Unlike a market-maker broker, XTB does not have a trading desk.

Some affiliate programs are scams, and you can tell if they are if they ask you to pay large amounts of money upfront or promise an infallible money-making scheme. Proven CPA networks will not ask for upfront payments for registration. Moreover, most affiliate programs are free to join. Some require a small deposit to weed out spammers, but it will rarely be more than a few dollars. In addition, the company’s history is also essential to determine whether or not the affiliate program is legitimate. If it has been around for at least a few months, it is likely to be legitimate.