XTB Review

Author By Jeffrey Cammack
Updated: March 24, 2021
Overall Rating
4.14 4.14 / 5
Rated #12 of 57 Recommended Brokers
Min. Deposit
USD 5
Regulators
Trading Desk
Trading Cost
USD 5
Website Language
English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish
Support Language
English, Vietnamese, Thai, Hungarian, Portuguese, Polish, Arabic
AlertAccepts Australian Clients. Average spread EUR/USD 0.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & xStation platforms supported. XTB Group is regulated by CySEC CySEC, FCA and the IFSC

Summary

Well-regulated, safe and award-winning, XTB is a true leader in the Forex trading industry.

Joining other leading ECN/STP brokers with unbeatable trading conditions, excellent trader education and rock-solid analysis, XTB has also developed an award-winning proprietary trading platform that goes beyond MT4 to offer clients easy-to-use functionality with fast execution speeds.

Reviews

Regulation
111104/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111003/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
Cashback Offer

Account Information

Base Currencies
USD
Number of FX Pairs
49
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.80 pips
Commission
Fees Included in Spread
EUR/USD
0.8 pips
GBP/USD
2.0 pips
USD/JPY
1.4 pips
Max. Leverage
30:1

Company Details

Company Name
XTB international
Founded
2002
Website
Office Locations
United Kingdom, France, Poland, Germany, Cyprus, Czech Republic, Spain, Portugal, Slovakia, Romania, Chile

Is XTB Safe?

XTB Group is an umbrella group for a number of subsidiaries that are regulated by different national authorities across the globe. XTB UK has been regulated by the FCA (license 522157) since 17/01/2011, and XTB Europe has been regulated by CySEC (license 169/12) since 18/04/2012. XTB International is regulated by the Belize International Financial Services Commission (license IFSC/60/413/TS/17).

XTB is recognised across the industry for the quality of the brokerage they run, collecting numerous awards over the last few years for Best CFD broker including Highest Rated FX & CFD Broker 2018 (Wealth and Finance awards) and Best CFD Broker 2017 (FinTech Awards).

Trading Conditions

XTB is an ECN/STP broker, with simple account choices, and a wide variety of asset types for trade. ECN/STP means the broker is either able to execute a trade directly on the market if liquidity is available or can act as the market and play counter-party should the liquidity not be available.

Account Types

All account types allow traders to trade Forex, Commodities, Indices, Cryptocurrencies, Stock CFDs, and ETF CFDs. A Standard and Pro account type are available, both of which have market execution and xStation & MT4 platform compatibility.

XTB has a no re-quote policy and negative balance protection to ensure the client never owes the broker more than what has been deposited.

Leverage is limited to 1:30 inside the European Union, but international traders can receive up to 1:200 leverage. The minimum Forex and Crypto CFD trade size is 0.1 lot.

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Islamic
USD 5
500:1
1.50
$10.00
Account Details
Standard
USD 5
500:1
0.80
None
Account Details

Standard Account – The standard account is the XTB commission-free account where all fees are included in the spread. Besides the way the commission is charged, there is no difference between the Standard and the Professional accounts.

Professional Account – The professional account offers traders tighter spreads on currency pairs, in exchange for an additional commission from 3.50 USD per lot side (7 USD full round) on Forex and Cryptocurrency pairs.

Islamic Swap-Free Accounts – For International clients, commission-based Islamic accounts are available, with a similar account setup to the standard account. XTB won the award for Best Islamic Broker 2018 from Global Venture Awards. Be aware that commission on this account is more expensive, at 5 USD per lot per side (10 USD full round).

Spreads and Commissions

The Standard account only charges Forex traders the spread – which can be as low as 0.35 pips, while the professional account charges a tighter spread and a commission. Spreads on the Professional account are from 0.28 pips.

Stock CFDs and ETF CFD traders should expect a commission from 0.08% per lot with all account types.

Deposit and Withdrawal Fees

Deposit and withdrawals are available via bank transfer, MasterCard, Visa, PayPal, Paysafecard, Maestro, Neteller, and Skrill. Credit card and bank wire deposits are free of administration fees; however, e-wallet solutions will be charged 1-2% of the amount transferred.

Withdrawals are free and only be made via bank transfer. To set up this transfer, a bank statement no older than 90 days must be submitted to XTB, and then the amount can be transferred. This process has been created to ensure trader safety at the XTB, and to prevent money-laundering activity in line with regulations put in place by the FCA and CySEC.

XTB For Beginners

XTB has some of the best training material available for beginners. Its Trading Academy is can be grouped by either topics or experience level – the material available is clear, concise, well structured. One-to-one mentoring, dedicated account management and 24/7 customer service present XTB traders with a superior welcome and a fluid onboarding experience.

Educational Material

XTB offers a lot of well-structured training material for the beginner and intermediate trader. Covering basic trading concepts including how the market works, and an overview of the risk associated with CFD trading, the education then moves into an overview of the xStation proprietary software solution that the company has developed and won several awards for.

The beginner and intermediate sections are open to the public, but expert training courses are available to all members with real accounts. Webinars, as well as downloadable material, are found on the XTB website.

One-to-one mentoring lead by experts can be set up through your account manager. These sessions coach traders with analysis, including risk management, psychology, and are tailored to the client’s needs. The broker operates with an open-door policy, meaning that anybody can visit their Canary Wharf offices or local branch.

Analytical Material

The majority of market news is open to all visitors and provides actionable trading information to traders. There are some premium education and analysis that is only available to real account holders.

XTB also offers a market calendar, which is a comprehensive log of all scheduled macroeconomic releases and includes a potential impact rating and detailed historical data to assist traders in better predicting the result on corresponding markets.

A wide range of fundamental and technical analysis tools are available within the xStation platform, giving traders a comprehensive charting package to identify potential trading opportunities.

Customer Service

XTB operates a 24/7 customer support desk, with contact available via email, live chat, and phone support. As mentioned, XTB also operates an open-door policy so customers can visit any of their offices.

Customer support is offered in English, Spanish, Arabic, French, Italian, Portuguese, Russian, Chinese, German, Polish, Czech, Slovak, Romanian, and Hungarian.

Trading Platforms

XTB supports MetaTrader4 and its in-house award-winning trading platform xStation 5. Winning Best Trading Platform 2016 (Online Personal Wealth Awards) and Best Trading Platform 2017 (FX Cuffs Awards), XTB has successfully built a trading platform that is intuitive, powerful, and fast.

While xStation 5 offers many of the same advanced trading features found in MetaTrader 4, the xStation 5 platform adds the XTB touch. It does this by introducing XTB sentiment data directly into the platform, so traders have a better view of the percentage of its clients who are long or short, and on which instruments. It also offers powerful charting tools, one-click trading, and real-time performance statistics so you can evaluate your trading and identify areas for improvement.

The MetaTrader 4 platform support will be appreciated by professional traders who will have used it in the past with other brokers. Being familiar with MT4 will make the transition to or from XTB seamless, or will be an advantage if a trader is using multiple brokers simultaneously.

Mobile Trading Apps

Mobile versions of both the xStation5 and MetaTrader 4 application are available and seamlessly connect to the desktop versions of the application.  Mobile apps allow traders mobility for monitoring ongoing trades and taking advantage of unplanned news events that create market volatility.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the XTB offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

XTB Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. XTB would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overview

XTB is an excellent choice for beginner traders who want the additional educational material and support along with a simpler trading platform than MetaTrader 4. The product offering is not going to limit traders, making XTB a comfortable place to start a trading career.

AlertAccepts Australian Clients. Average spread EUR/USD 0.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & xStation platforms supported. XTB Group is regulated by CySEC CySEC, FCA and the IFSC
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.14/ 5
USD 5
Market Maker NDD
Commodities
Forex
Indicies
Metals
ETFs
Cryptocurrencies
49
16
  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners
  • Limited platform choice
111104/ 5
11110.54.5/ 5
111104/ 5
111003/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
82% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.80 pips
Islamic
Standard
xStation5
Bank Transfer
Visa
Mastercard
Skrill
Neteller
Paypal
Fees Included in Spread
1110.503.58/ 5
USD 250
Market Maker NDD
Forex
Indicies
Commodities
Equities
Cryptocurrencies
Futures
48
19
  • Well regulated
  • Great platform choice
  • Wide range of assets
  • Fast and free withdrawals
  • High minimum deposit
1110.503.5/ 5
110.5002.5/ 5
11110.54.5/ 5
111115/ 5
10.50001.5/ 5
11110.54.5/ 5
111104/ 5
0 of retail investor accounts lose money when trading CFDs with this provider
30:1
1.70 pips
Bronze
Crystal
Diamond
Gold
Iron
Silver
Visa
Mastercard
Maestro
Bank Transfer
Skrill
Neteller
Bitcoin
Fees Included in Spread
11110.54.00/ 5
USD 5
Market Maker NDD
ECN/DMA
60+
9
  • Great platform choice
  • Low minimum deposit
  • Limited education
111104/ 5
111115/ 5
111115/ 5
100001/ 5
1110.503.5/ 5
111104/ 5
111104/ 5
58% of retail investor accounts lose money when trading CFDs with this provider
1000:1
0.20 pips
cTrader NDD
MT4 Cent
MT4 Fixed
MT4 NDD
MT4 NDD No Commission
MT5 NDD
Bank Transfer
Visa
Mastercard
Skrill
Neteller
WebMoney
Fasapay
PerfectMoney
6 USD / lot - ECN Accounts
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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