XTB

Undoubtedly a leader in the sector, XTB is a publicly traded one-stop-shop broker that offers millions of clients around the world the opportunity to invest in markets with maximum security and efficiency. With over two decades of experience, the broker has immediately committed numerous resources with the goal of providing a safe, clear, and opportunity-rich service. Offices for face-to-face assistance in Europe and America, cutting-edge tools, and clear and advantageous trading conditions.

Regulated by multiple oversight bodies to allow traders access to a transparent environment with the highest standards of security, XTB enables clients to know exactly prices, commissions, additional costs, rules to follow, and all the risks of trading. Zero hidden commissions or unclear clauses.

Secure Broker.

Regulated by multiple oversight bodies to ensure maximum security and transparency. Supervised by the world’s largest authorities: FCA, KNF, CySEC, and FSC.

Technology.

Latest generation tools and functions constantly updated and available for traders of any category, allowing clients to develop effective strategies to take full advantage of any operation carried out. Efficient and easy-to-use trading platforms, including xStation, one of the most reliable and functional trading apps on the market.

Wide range of instruments to invest in.

The broker allows traders the opportunity to invest in over 6500 products, including forex, ETFs, stocks, indices, commodities, and cryptocurrencies.

Clear and advantageous conditions.

XTB offers traders the opportunity to know at any time the costs and commissions to be sustained for trading. In practice, terms and commissions illustrated transparently, which include: no minimum deposit for account activation, minimum spreads, commissions starting from zero, deposits, and withdrawals with low or no commissions.

Maximum support.

A support team formed by professionals in the sector, available 24 hours a day, 5 days a week to solve any customer problem with simplicity and clarity.

Bonuses and Promos.

Periodically the broker offers customers initiatives and promotions. In addition to “classic” promotional initiatives such as deposit bonuses or welcome bonuses, the broker regularly offers very interesting programs. Among these, for example, the program that allows earning interest rates on inactive funds is undoubtedly the most attractive.

As just mentioned, in addition to allowing access to a carefully structured environment to meet any need, the broker periodically offers interesting solutions and promotional initiatives, with the intent of enhancing the work of its clients and encouraging them to invest at their best. Among the various initiatives available with the broker, the program to receive interest on unused funds has aroused considerable interest in clients. An exclusive solution that could be described as almost “unusual,” as it does not require any particularly complicated or demanding conditions: deposit, do not invest, receive withdrawable interest.

Visit the official XTB website

Interest on Uninvested Funds

In practice, the initiative offered by the broker allows traders to receive interest on unused funds over a certain period of time. Here’s how it works:

• To access the promo, the trader must hold a strictly verified account. The initiative does not require subscription or request, it will be activated automatically by depositing funds into your account.
• Unused funds will yield interest. Interest rates are variable and will be updated every week.
• For the first 90 days from the activation date of the promo, higher interest rates will be applied, but their value will vary over time (being variable).
• The changes in interest rates will be applied equally to all clients, regardless of the activation date of the promo and the conclusion of the contract.
• Interest will accrue daily at 23:00 GMT.
• The offer varies based on the account opening date with XTB. All new clients who have concluded their first contract in the last 90 days will receive higher interest rates (as an incentive to start investing with the broker). Different interest rates will be applied to all clients who have had an account with XTB for over 90 days.

Below, the table containing historical rates:

To learn more about historical interests, interested traders can access the dedicated page on the official website of the broker. Moreover, in case they want additional information, they can contact the always active support team.

Join the XTB program and earn interest

Frequently Asked Questions

Below, some of the most common questions regarding the initiative:

How does the promo actually work?

In practice, the broker pays interest on all uninvested funds present in the client’s account. The interest rate will be calculated weekly and paid monthly within five days of the following month. To activate the promo, the trader does not have to do anything. Interest rates will be applied automatically for all clients with uninvested funds deposited in the account. There is no need to make any minimum deposit, and the maximum ceiling of free funds is unlimited (the interest that the trader can receive has no maximum cap).

Are the applied interest rates fixed or variable?

The rates are variable and can change once a week. Generally, the percentage variation is minimal.

When does interest accrue?

Interest accrues every day at 23:00 GMT and will be accumulated to perform the overall calculation.

When is the interest credited to the trader’s account?

The interest accrued within the times stipulated by the promo will be credited to the customer’s account within 5 working days from the end of the calendar month.

What needs to be done to earn interest on unused funds?

The promo does not include any particular clause or action, the interest rate will be applied automatically on all deposited and uninvested funds. The promo does not require any minimum or maximum amount on which to calculate the interest.

Are there any minimum or maximum balance requirements to earn interest?

To access the promo, the trader does not need to deposit a specific amount of funds. The client can decide how much and when to deposit to take advantage of the initiative.

Will taxes be levied on the accrued interest?

Whether the client is an individual or a legal entity, a tax resident or not, any taxes to be borne will vary according to the tax laws in force in the country of residence. Most often, the amount of interest earned is subject to a fixed income tax withholding that will be paid by the broker to the competent tax authorities. Obviously, the percentage of tax withholdings will vary according to the rates in force at the precise moment when the interests are transferred to your trading account. With access to their monthly statement, the trader will have the opportunity to check the amount of the tax paid.

How does the offer vary between current customers and new subscribers?

The promo varies whether the trader already has an account or is a new subscriber. To encourage potential customers to open a new account, the interest rates applied in the first ninety days from the opening of the contract will be higher. For clients with accounts older than 90 days, the interests will be more contained.

Access the XTB program and earn interest

Open an account to access the promotion

As already mentioned, to be able to access the promotion the trader must have a strictly verified account. The process that allows the customer to register and start trading is simple and fast. In a few minutes, they can provide the required information, verify the submitted data, and activate the account and promotion.

To open an account, just follow these very simple steps:

First step.

To begin, the trader will need to visit the official website and click on the “open an account” icon, visible at the top right of the page. In the new screen, fill in the first form by entering a valid email, country of residence, and a secure password for the account. Read carefully and accept the general terms and conditions and click on “continue”.

Second step.

In this step, the trader will need to provide all the information requested in various stages:

1. In the first stage fill out the form by entering: title, first name, last name, date of birth, citizenship, telephone number, declare not being a US taxpayer and the sole holder of the account.
2. In the new form, the trader will need to enter their detailed address: street, street number, ZIP code, city, province.
3. Choose the language for customer support contacts and the currency of the new account.
4. At this stage, the trader will need to answer a MIFID questionnaire and declare: level of education, occupation, any certificates or licenses (stockbroker, investment advisor, etc.), investment objectives, level of experience in ETF and bond investments.
5. Now the trader will undergo an additional questionnaire, which will allow the broker to assess their level of experience in trading. This procedure is aimed exclusively at being able to offer each client a compatible service.
6. Enter information regarding their assets, annual income, main source of income and savings, sector of employment, hypothetical amount of funds to invest, awareness of trading risk.

Third step.

In this final step, the broker will send an email (to the address provided during registration) containing the following attachments: contract, account features, fees to be incurred, risk management services, terms and conditions. To access the files, the trader will need to enter a password sent to the phone number provided during registration.

Last step.

To complete their registration, the trader will need to verify the data provided, to prove their real identity and country of origin. To do this, they must send a clear front and back photo of a valid identification document (ID card, passport, driver’s license) and a recent utility bill containing the full address (gas, electricity, internet, etc.). Once suitable, the trader can choose the most appropriate account for their needs, set the parameters, make a deposit, and begin trading.

It is important to note that such a detailed registration process demonstrates how safe and transparent the chosen broker is for trading. By having as much information as possible, the company can tailor the service to the trader’s needs. Moreover, being strictly regulated, the broker is required to provide all necessary information and to know their client well. This will allow for a relationship based solely on mutual trust and the achievement of a fundamental objective: to make profits with minimal risk.