Comments on SpotXTB

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.

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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:

SpotXTB account types
SpotXTB account types

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 website
SpotXTB website

SpotXTB provides the following aids or resources to traders or interested parties: they do not really have educational sections or financial tools.

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Other information about SpotXTB

Some more information in case you want to contact the company, or see its website for yourself.

Website: spotxbt.com/ES/

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.

What do you think of SpotXTB? What has been your experience?


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About the author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

10 comments on «SpotXTB: Rating and Comments»

  1. edu Reply

    Hello, recently (1 or 2 days ago) the CNMV, the financial regulator of Spain, has marked SPOTXTB as a financial bar and a possible scam, please caution friends

    • Recommended Brokers Reply

      Hi Edu, thanks for the information about SpotXTB.

      Greetings.

  2. Igor Reply

    Hola!
    I wanted to know if spotxbt is regulated or not?
    They asked me 15000 euros and they gave me another 10000.
    I have told them that I wanted to take my money out and retire. First they have taken a long time to answer me by phone, by email they did not do it and they tell me that I should not since I have losses and I would have to pay them more. And when it comes to getting money they won't let me.
    What I do? Did you report them?
    Can you give me a solution?
    Thank you
    Please

    • Recommended Brokers Reply

      Hello Igor, if you read this review about SpotXTB, you will notice that we mention that it is an unregulated company, and that it does NOT mention where it is based. You have it quite difficult really. You should perhaps seek legal advice… You can also contact the financial regulator in your country… What country are you from?

      Greetings.

  3. Elena Reply

    Hi! I'm elena. To me putting in spotxbt for a phone call. "Before registering, putting money, 200euros enough .. to verify later .." And then more and more money, very quickly removed everything, that had 1450 euros. " It is little, ask for a loan of 3000, not better than 5000. " Very cheerful broker, without any shame. In my account I could not operate, only him. On my computer without my permission downloaded another platoform, it opens my files. A God. Lock my account, that I could not get my money. It blackmails that I have to put more money. On the other hand, he will withdraw from my bank. I have lost, where I am… It is a legal platform or a herd… It seems to me that I am in danger now and I have only one solution: denounce. Scam on my money… Very sad, that there are so many people.

    • Recommended Brokers Reply

      Hi Elena, thanks for your comments, it's really a shame what you mention. Do you remember how you came across SPOTXTB in the first place? If you have more information about the company, please share it with us.

      Greetings.

    • Recommended Brokers Reply

      Hello Elena, thank you for your comments, can you tell us more about your experience with this company? Remember how you came across SpotXTB in the first place?

      Greetings.

  4. Jose Antonio Arrabal Pliego Reply

    Is a gotcha. I have had a conversation with them and thoroughly studied the company, I decided not to operate with them.

    • Recommended Brokers Reply

      Hi José, thank you very much for sharing your experience with SpotXTB with us, why are you mentioning that it is a scam? Do you remember how you came to find this company?

      regards

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