XBY-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

XINBOYI LIMITED is a forex broker registered in UK, only targeting the Chinese Market. XINBOYI LIMITED is an unregulated broker, which brings a significant risk of loss.

Markets Instruments

XINBOYI LIMITED advertises that it has an extensive lists of trading instruments: forex pairs and CFDs on indices, precious metals and indices, shares, Commodities.

Minimum Deposit

XINBOYI LIMITED advertises that it enables traders to deposit as low as $100 to start real trading. Although the amount seems reasonable compared to many other brokers requirements, traders are still not advised to trade with this unregulated broker.

Leverage

XINBOYI LIMITED offers the leverage up to 1:500 for forex trading, which is quite generous. Since leverage can amplify returns as well as potential risks, trading with an unregulated broker using such high trading leverage is not a good option.

Spreads & Commissions

XINBOYI LIMITED says that it offers ultra-low spread, starting from 0 pips on some major currency pairs, but it does not specify detailed spreads on particular instruments.

Trading Platform Available

Like a significant portion of the forex brokers across the world, XINBOYI LIMITED uses the popular MetaTrader 4 (MT4) platform. More than 10 years since its launch the platform is still enjoying great popularity, thanks to its ease of use, versatility and extensive functionality. XINBOYI LIMITED offers the MT4 platform in all its versions – as a trading terminal for PCs, a web version and the mobile application for smartphones and tablets.

Deposit& Withdrawal

XINBOYI LIMITED offers the usual deposit options like bank transfer, credit and debit cards and the Skrill, Neteller and China UnionPay online payment systems.