In this section we will analyze the broker SpotXTB, is a CFDs (and Forex) broker specialized in cryptocurrencies. Is SpotXTB really recommended to make an investment? Or is it better not to invest with this company?
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: they don't mention it.
As to its location, the broker mentions having base in: they do not mention it
If we analyze the regulation of the broker: it does not mention anything about any regulation, we believe that it is an UNREGULATED broker.
If now we go on to analyze account types offered by SpotXTB, we note that it offers 4 types of account: the Bitcoin Account, the Bitcoin Account - Ethereum, the Bitcoin Account - Ethereum - Litecoin and the VIP Account.
Bitcoin account- $ 250 minimum initial deposit, $ 100 bonus.
Bitcoin Account - Ethereum- $ 1.000 minimum initial deposit, $ 100 bonus.
The third type of account is Bitcoin Account - Ethereum - Litecoin- $ 10.000 minimum initial deposit, $ 100 bonus.
The last type of account is the VIP account- $ 50.000 minimum initial deposit, $ 100 bonus.
You can see even more features about the account types of the SpotXTB broker (click aqui to see the image in full size) in the following image:
The platforms to operate that SpotXTB offers are: does not mention it.
We will now analyze the different resources and aids for the trader that SpotXTB provides on its website.
SpotXTB provides the following aids or resources to traders or interested parties: they do not really have educational sections or financial tools.
Other information about SpotXTB
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: (+44) 151.947.03.53
Email: Not provided
Ending with this section, in our opinion Do we believe that the SpotXTB company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it does not mention where it is based, it does not mention which company it belongs to, and, furthermore, everything indicates (there are not many reviews about the company on the internet) that it is a "new" company.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.