StockXBT (stockxbt.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.stockxbt.com.
My card was charged twice by StockXBT (stockxbt.com) on the same day. I had to dispute it with my bank. StockXBT (stockxbt.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Economic calendar|Detailed reporting|Copy trading available|Demo account available
Cons: No live chat on mobile
StockXBT (stockxbt.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Regular platform improvements|Fast deposits
Cons: Research section could be deeper|No phone support on weekends
The reporting at StockXBT (stockxbt.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast execution|Stable platform|Two-factor authentication|Copy trading available
Cons: No live chat on mobile
StockXBT (stockxbt.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Clean UI|Competitive fees
Cons: Onboarding videos are outdated|Could offer more webinars
Do not believe the bonus offer from StockXBT (stockxbt.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Smooth onboarding|Market news feed|Transparent fees
Cons: No crypto staking
StockXBT (stockxbt.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Social trading features|Market news feed
Cons: Spreads widen during volatile periods|Account statements could be more detailed
Where do I even begin with StockXBT (stockxbt.com)? for about three months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Great customer service|Competitive fees|Professional team|Low minimum deposit
Cons: No crypto staking|Search feature is basic