XTB

XTB is a contract for difference (CFD) broker that enables traders to speculate on the price of equities, indices, forex, commodities, and cryptocurrencies. CFDs allow traders to speculate on an asset without owning the underlying asset, and they also offer the ability to apply leverage and take short positions, which is not always possible with other cryptocurrency trading services.

XTB provides leverage of up to 2:1 for cryptocurrency CFDs, which is lower than the leverage offered by some competitors (up to 1:30). The maximum amount traders can apply in the cryptocurrency products is $15,000. However, contracts for XTB's cryptocurrency CFDs expire after seven days, which might be limiting for traders looking for longer-term speculations. XTB offers five cryptocurrency CFDs in total, which is fewer than some competitors that provide more than 20 products. The available cryptocurrency CFDs on XTB include Bitcoin, Ethereum, Dash, Litecoin, and Ripple. The market trades from Saturday 4 am to Friday 10 pm, resulting in six hours of non-tradable time. This trading schedule also explains the seven-day contract expiration. Unlike many competitors that offer products 24/7, XTB's market is not open around the clock.

When it comes to fees, they are not readily accessible on the XTB website. Users need to refer to a separate document to find information about fees. Commissions are charged per lot opened, with the lot size varying based on the instrument. The commission fee is around $3.50 for opening and $3.50 for closing each lot, which can be considered relatively high. Additionally, XTB imposes a substantial fee for withdrawals when the account balance is low. Users who withdraw with less than $80 in their account will be charged a $16 fee.