XBMarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-30 14:34

Abstract：XBMarkets is a regulated brokerage firm that offers six types of trading instruments, including forex, metals, futures, energy, indices, and shares. It also provides various account types—Bronze, Silver, Gold, and Diamond.

　　Note: XBMarkets's official website: https://www.xbmarkets.com is currently inaccessible normally.

XBMarkets Review Summary
Founded	2018
Registered Country/Region	Cyprus
Regulation	CYSEC
Market Instruments	forex, energy, metals, indices, shares, futures
Demo Account	✅
Leverage	1:200
EUR/USD Spreads	1.8 pips (Bronze)
Trading Platforms	MT5
Minimum Deposit	$400
Customer Support	Email: support@xbmarkets.com
	Telephone: +357 25262719
	Live chat
Deposits & Withdrawals	SafeCharge, Skrill, Neteller, Unlimint, Przelewy, and iSXMoney

XBMarkets Information

　　XBMarkets is a regulated brokerage firm that offers six types of trading instruments, including forex, metals, futures, energy, indices, and shares. It also provides various account types—Bronze, Silver, Gold, and Diamond.

Pros & Cons

Pros	Cons
6 Trading Instruments	High Spreads
Regulated by Cyprus Securities and Exchange Commission (CYSEC)	High Minimum Deposit
MetaTrader 5 (MT5) Trading Platform
3 customer supports

Is XBMarkets Legit?

　　XBMarkets is regulated by the Cyprus Securities and Exchange Commission (CYSEC), holding a Straight Through Processing (STP) license with the license number 391/20.

What Can I Trade on XBMarkets?

　　XBMarkets offers six types of trading instruments: forex, energy, metals, indices, shares, and futures.

Tradable Instruments	Supported
Forex	✔
Energy	✔
Metals	✔
Indices	✔
Shares	✔
Futures	✔

Accounts Type

　　XBMarkets offers four types of live trading accounts: Bronze, Silver, Gold, and Diamond. The Bronze account is suitable for beginners, the Silver account for intermediate traders, the Gold account is designed for experienced traders, and the Diamond account is suitable for high-net-worth individuals and professional traders.

　　XBMarkets offers demo accounts and the account opening process is relatively simple and quick. Users need to register for a personal account, fill out the application form, and submit it.

Account Type	Minimum Deposit	Stock Commission	Max Leverage (Retail)	Max Leverage (Professional)	Target Audience
Bronze	$400	$0.30 per share	1:30	1:200	Beginners
Silver	$10,000	$0.25 per share	1:30	1:200	Intermediate Traders
Gold	$50,000	$0.20 per share	1:30	1:200	Experienced Traders
Diamond	$100,000	$0.15 per share	1:30	1:200	High-Net-Worth Individuals & Professionals

Leverage

　　XBMarkets offers different leverage levels for retail clients based on the asset class.

　　For Retail Clients:

Asset class	Leverage
Forex Majors	1:30
Forex Minors	1:20
Major Indices	1:20
Minor Indices	1:10
Gold	1:20
Metals	1:10
Energies	1:10
Futures	1:10
Stocks	1:05

　　For Professional Clients:

Asset class	Leverage
FX	1:200
Indices	1:100
Metals including Gold	1:100
Energies	1:100
Futures	1:50
Shares	1:05

XBMarkets Spreads

　　XBMarkets offers varying spreads by account type: the Bronze account starts at 1.8 pips, the Silver at 1.6 pips, the Gold at 1.4 pips, and the Diamond at 1.2 pips.

Account Type	Spreads Starting From
Bronze	1.8 pips
Silver	1.6 pips
Gold	1.4 pips
Diamond	1.2 pips

Trading Platform

　　XBMarkets offers the MT5 trading platform to users, available on both desktop and mobile devices.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Mobile and Desktop（Windows & macOS）	Experienced Trader
MT4	❌	Mobile and Desktop（Windows & macOS）	Beginner

Deposits & Withdrawals

　　XBMarkets supports deposits through various methods, including SafeCharge, Skrill, Neteller, Unlimint, Przelewy, and iSXMoney, with deposits processed immediately.