XTB is one of the best-reputed brokers within the trading platforms. It is characterized by being authorized and supervised by different jurisdictions such as Spain, Uruguay, Germany. It is regulated by regulatory bodies such as the FCA, the KNF, the CMB or the CNMV. Let's see why XTB is the best broker you can choose and what it offers us to operate the financial markets.
What is XTB.
XTB is one of the brokers best reputable within trading platforms. It is characterized by be authorized and supervised by different jurisdictions such as Spain, Uruguay, Germany. It is regulated by regulatory bodies such as the FCA, the KNF, the CMB or the CNMV. For investors who are starting out in the world of investments, its use may be somewhat complicated, but it really everything is an adaptation process that can be accomplished in a short time. One of the most positive features of this broker is the Competitive commissions on different asset classes what are you offering. It also has a wide range of assets to trade, such as CFDs on stocks, cryptocurrencies, indices or commodities or spot trading of stocks and ETFs. It's a reliable broker to deposit our money, since it has segregated accounts, the Polish compensation fund and a double security mechanism. At the same time also listed on the Polish stock exchange, which potentially benefited from the pandemic and has not at any time noticed the effects of the 2022 bear market.
Price of the last 5 years of XTB shares. Source: Tradingview.
In which markets does XTB operate?
As we mentioned in the previous paragraph, XTB has a wide range of markets in which to operate. We can access:
- 16 different stock markets where the main European, American and Asian markets stand out with maximum leverage of 1:4.
- 48 currency pairs, from the main, secondary and exotic ones with spreads of 1 pip and leverage 1:30, the maximum allowed in the European Union.
- 35 of the most notable stock indices from Europe, the United States and Asia with a leverage that ranges between 1:10-1:20 depending on the chosen index.
- 21 raw materials with access to leverages that range between 1:5-1:10 depending on the chosen raw material.
- 50 cryptocurrencies such as Bitcoin, Ethereum or Polkadot with a leverage of 1:2, the maximum allowed in the European Union.
- More than 300 ETFs from different sectors and variants with maximum leverage of 1:5.
Commissions charged by XTB.
Commissions in XTB vary depending on the type of assets we operate. Above all, the absence of payment thereof in the trading of assets such as CFDs on stocks, currencies, indices, raw materials or ETFs, something that stands out above other brokers. Of course, it is worth remembering that these conditions They are valid up to $100.000 in monthly volume, where 0,2% is charged when crossing said limit. There are exceptions in the Italian market, where a series of different commissions are charged to the rest based on the trading volume. For trading cryptocurrency CFDs we find a spread of 0,22% and a commission of 4 dollars for the opening and closing of a transaction, although these commissions may vary depending on the trading volume. XTB also has no commissions for opening or maintaining the account, as long as it is done minimum one operation over a year y a deposit is made in the last 90 daysWhere A fee of €10/month is charged if these conditions are not met. No commissions are charged for deposits into the account except in the case of alternative methods such as Skrill, SafetyPay or Neteller, where commissions are between 1-2%. For withdrawals, a Withdrawal of minimum 100 dollars to avoid paying 20-30 dollars commission, although if there is a time when we cannot withdraw the indicated amount, we can make a deposit to our account to match the amount and thus avoid paying said commission. Likewise, we can consult the platform's commission table in detail through the following link.
XTB trading platform.
To access trading from XTB we have different options to be able to trade, comfortably from our computer or from devices such as tablets or mobile phones. XTB has its own trading platform called xNUMX xStation, which has a very intuitive and easy-to-use interface. Although additionally it also allows us to link our account to trading platforms such as Metatrader 4. In turn, this broker has a demo account to be able to test its interface and features before starting to trade with our capital, which has a 30-day trial period for users who are not clients. This trial period is removed for platform clients, who have unlimited access to this function, something positive if we want to test a strategy in a demo before carrying it out in real life.
XTB and Treasury: what you should know.
We already know that where there is money, the Treasury will be prepared to ask for its share of the pie. In the case of investments in brokers such as XTB are not exempt from taxation, for which we must be accountable to them to avoid possible sanctions. The tax scales are distributed as follows:
- First 6.000 euros: taxed at 19%.
- Between 6.000 and 50.000 euros: taxed at 21%.
- From 50.000 to 200.000 euros: taxed at 23%.
- More than 200.000 euros: taxed at 26%.
To incorporate the data of our investments we must fill out a series of boxes in the income tax return. Shares traded on official markets or operations with options and futures or EFTs are part of the capital gains and losses. We will only pay when we sell the securities and we will as a capital gain or loss due to the difference between the price buying and selling. These must be noted in the boxes 326 to 338. We can also allocate losses according to the type of assets, where we must check the boxes from 392 to 460. From XTB they make it easy for us to make a report of our active investments and our operations throughout the course for which we must be accountable.
Best ETFs on XTB.
As we have commented in the first paragraphs of this article, within XTB they offer us exposure to more than 300 ETFs, which is a plus point for having a wide variety of them. Within the different ETFs that are traded on XTB, we can highlight several that offer us diversified exposure to different sectors interesting to follow.
iShares Global Water UCITS ETF USD.
iShares Global Water invests directly in the 50 global companies that carry out their activity related to the water distribution and storage. Its geographic exposure is very focused on the west coast of the United States. It is made up of companies such as American Water works, Veolia Environ, Suez SA or Pentair.
iShares Agribusiness UCITS.
This ETF replicates the performance of an index composed of related companies in global agricultural business, widely diversified from any geography as long as they belong to the agricultural sector. It is made up of companies such as Deere, Archer Daniels Miland or Nutrien LTD.
L&G Battery Value-Chain UCITS.
This ETF will replicate the behavior of the Solactive Battery Value-Chain Index, an index that tracks the performance of a basket of stocks of companies that are suppliers of certain electrochemical energy and storage technology and mining companies which produce metals that are mainly used to make batteries. It is made up of companies such as Tesla, General Electric, Toshiba, Daimler Mercedes or Hyundai.
iShares Automation & Robotics UCITS.
The ETF tracks the performance of an index composed of companies in developed and emerging markets that derive significant revenue from specific sectors related to the development of automatic technology and robotics. It is made up of companies such as Snap Inc, Nvidia, Qualcomm or Teradyne Inc.
iShares Global Clean Energy UCITS ETF.
This ETF invests in companies involved in the production of clean energy or in the supply of equipment and technologies for the generation of clean energy, both from developed and emerging markets. It is made up of companies such as Vestas Wind Systems, Orsted, Enphase Energy Inc, Iberdrola or Enel Energy.
iShares Aging Population UCITS.
This ETF tracks the performance of an index composed of companies in developed and emerging markets that derive significant income from growing needs of global demographic aging. It offers interesting growth potential due to the rapidly aging world population, medical advances and social changes. It is made up of companies such as Tenet Healthcare Corp, Novocure Ltd or Fate Therapeutics Inc.
iShares Healthcare Innovation UCITS.
This ETF is diversified into global healthcare innovation companies, from both developed and emerging markets. It is made up of companies such as Novocure, Nuance Communications, Beigene and Natera Inc.
iShares Digital Security UCITS ETF.
This ETF offers exposure to companies in developed and emerging markets that generate significant income in specific sectors related to digital security. It is made up of companies such as Palo Alto Networks, Fortinet, Hexagon or DXC Technology.
iShares Digitalisation UCITS.
This ETF tracks the performance of an index composed of companies in developed and emerging markets that earn significant income from digital-focused services. It is made up of companies such as Square Inc, Twitter, PayPal Holdings or FedEx Corp.