XTB Bonus Programs - TU Expert review
Bonus programs offered are an important factor for a trader when choosing a broker. The companies can make special offers for beginners as well as experienced traders. Bonus programs depend on a specific broker and they can differ substantially. Traders Union analysts have prepared a review of XTB bonus program. You will learn about the available special offers and conditions of the brokers.
Brief introduction of XTB
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (FSC, 000302/438), CySEC (169/12), FCA (522157). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
| 💻 Trading platform: |
MetaTrader 4 and xStation 5
|
| 📊 Accounts: |
Standard, Swap Free
|
| 💰 Account currency: |
USD
|
| 💵 Deposit / Withdrawal: |
Visa, Mastercard, Skrill, Neteller, wire transfer, SafetyPay
|
| 🚀 Minimum deposit: |
no minimum deposit
|
| ⚖️ Leverage: |
Up to 1:500
|
| 💼 Copy Trading: |
No
|
| 📈️ Min Order: |
0.01 lot
|
| 💱 Spread: |
From 0.1 pips
|
| 🔧 Instruments: |
Currencies, stocks, indices, raw materials, CFDs, and cryptocurrencies
|
| 💹 Margin Call / Stop Out: |
30%/30%
|
| 🏛 Liquidity provider: |
N/A
|
| 📱 Mobile trading: |
Yes
|
| ➕ Affiliate program: |
Yes
|
| 📋 Order execution: |
Market Execution
|
| ⭐ Trading features: |
Advisors can be used
|
| 🎁 Contests and bonuses: |
No
|
XTB Pros and Cons
👍 Advantages of trading with XTB:
•minimum deposit - $1;
•a wide range of trading instruments;
•branches in 12 countries.
👎 Disadvantages of XTB:
•the demo account is only available for four weeks;
•all analytical materials provided by the broker are exclusively in English;
•no PAMM accounts;
•the broker is focused on European clients.
What kind of bonuses are there?
Forex brokers can offer a wide variety of bonuses.
The main types of bonuses are:
-
Welcome Bonus. Traders can receive additional funds for registration and for making the first deposit.
-
No Deposit Bonus. Brokers provide this kind of reward to the clients for just registration.
-
Deposit Bonus. This is a reward for each deposit made to the account.
Also, brokers may hold various promotions and prize draws that are valid for a specific period of time. In addition, some companies hold competitions among traders with a certain prize pool.
Brokers similar to XTB
In addition to bonuses, you need to also take into consideration trading conditions. Traders Union analysts have prepared a comparison of XTB with similar brokers. In this analysis, traders can learn in detail the trading conditions of XTB and compare these conditions with competing brokers.
Comparison of XTB with other Brokers
| XTB | IUX | XM | Pepperstone | RoboForex | |
|---|---|---|---|---|---|
Trading platform |
MT4, xStation 5 |
MetaTrader5, IUX Trade App, IUX WebTerminal |
MT4, MT5, MobileTrading, XM App |
MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Min deposit |
$1 |
$10 |
$5 |
$1 |
$10 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
10.00%% |
Spread |
From 0.1 points |
From 0 points |
From 0.8 points |
From 0 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution |
Market Execution |
Instant Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
$30 |
No |
No |
Cent accounts |
No |
No |
No |
No |
Yes |
XTB is a broker that focuses on the European segment of the market. The company is suitable for novice traders because the deposit in XTB starts from $1. A leverage of 1:500 will allow you to test almost any trading strategy without significant investments.
A global Forex broker regulated by CySEC and other financial authorities. Provides access to more than 1,000 instruments, including currency pairs, stocks, commodities, indices, and cryptocurrencies. Trades are executed on MetaTrader 4 and 5 platforms with fast execution speeds, tight spreads, leverage up to 1:1000, and negative balance protection. The broker also offers copy trading, educational webinars, Trading Central tools, an economic calendar, and a demo account.
A broker licensed by ASIC, FCA, CySEC, and BaFin, offering access to 1,200+ instruments including Forex, indices, commodities, metals, stocks, ETFs, and cryptocurrencies. Trading is available through MetaTrader 4, MetaTrader 5, cTrader, TradingView, and a proprietary platform. Features include algorithmic trading, copy trading, VPS hosting, a demo account, educational webinars, and analytics. The minimum deposit starts from $1. Negative balance protection and 24/7 support are included.
An international Forex and CFD broker licensed by IFSC (Belize) and offering negative balance protection. Provides access to more than 40 currency pairs and 12,000 instruments, including stocks, indices, commodities, and ETFs. Supports trading through MetaTrader 4, MetaTrader 5, R StocksTrader, and mobile apps. Features include algorithmic trading, Copy Trading service, trading robots, and VPS. Cent accounts start from a $10 deposit. Leverage is up to 1:2000. A demo account is provided.
Comparison of bonus programs of brokers similar to XTB
Many brokers have bonus programs, not only XTB. You can choose the most suitable option, depending on your trading experience and needs. Traders Union analysts have prepared a comparison of bonus programs of XTB and similar companies.
| Bonus type | XTB | IUX | XM | Pepperstone | RoboForex |
|---|---|---|---|---|---|
Bonuses |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
No |
up to $5000 forex bonus, up to 100% forex deposit bonus |
No |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Affiliate Program |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
No |
Multi tier affiliate program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
Up to 40% of trading commissions |
Other |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
No |
No |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
No |
Conclusions
XTB Bonus program is well developed. The broker offers a large number of various incentives for the clients. There are special offers for beginners and for experienced traders. The bonus program looks attractive also when compared to the competitors. Therefore, if a client is looking for a broker with a good bonus program, XTB is certainly a broker to consider.
FAQs
What do I need to take notice of when choosing a broker?
When choosing a broker, consider the conditions the broker offers. They may turn out to be unacceptable. Also assess the size of the bonus and the rules for its withdrawal.
Is it possible to withdraw bonus money?
It depends on the conditions of the broker. Some brokers allow traders to do it under certain conditions, and some allow to use the bonus only for trading, while also allowing to withdraw only profit earned with the use of bonuses.
Can I refuse to accept a bonus?
Yes. Refusing a bonus is a trader’s right. If the conditions are unacceptable for you, there is no sense in agreeing to them.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
