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XTB Review 2022

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broker-xtb

It is headquartered in Poland and London, and it was founded in 2002. The XTB brand was one of the very first companies that introduced Forex Trading in Poland, and it is now considered to be the fourth biggest stock exchange firm in the country. XTB has branch offices and provides financial services to twelve different countries. These countries are the Czech Republic, Hungary, Italy, Turkey, Chile, Belize, Poland, Germany, Slovakia, Portugal, Romania, Spain, and France.

XTB is known for its persistent technical support and customer service that is offered 24 hours and 5 days a week. The brokerage firm offers financial and trading services through an array of trading instruments, such as Forex, Indices, Commodities, Crypto-currencies, Equity CFD, and ETFs. Along with Cryptocurrency trading, there are also instruments that allow trade like Bitcoin, Dash, Litecoin, Ethereum, and/or Ripple by CFDs. These instruments are also offered on a 24/7 basis, with no necessity to hold a wallet and with a maximum leverage level of 1:5.

This XTB broker review is an in-depth analysis of everything there is to know about this trading services provider and what it has to offer.

XTB Main Features
🗺️Established in: 2002
🏢Headquarters: London and Poland
⚖️Regulations: FCA, KNF, and CySEC
⚖️Country of regulation: UK, Poland, and Cyprus
💰Minimum Deposit: $250
🖥Platforms: MT4 and xStation5
🎮Demo Account Available: Yes
💱Leverage: 1:30
💰Withdrawal fee amount: $0
💰Inactivity Fee: No
Pros Cons
 Regulated by the Financial Conduct Authority (FCA)  Poor email support for customer service
 Range of trading instruments  Not available for 24\7
 No deposit fee and withdrawal fee  Does not have a banking license
 Easy and fast to open an account  
It is headquartered in Poland and London, and it was founded in 2002.
The XTB brand was one of the very first companies that introduced Forex Trading in Poland, and it is now considered to be the fourth biggest stock exchange firm in the country.

Safety & Regulation

XTB is a secure and established European forex brokerage firm that offers online trading services across the globe. XTB as a regulated European brokerage firm means that it must abide by the financial laws in place by ESMA. XTB maintains three European licenses, the Komisja Nadzoru Finansowego (KNF), a license from the Cyprus Securities and Exchange Commission (CySEC), and the FCA, the UK Financial Conduct Authority.

XTB offers a combination of safety and exceptional trading solutions. With XTB, the protection of client information and trading funds is a priority. This is why all of the customers’ funds are put in segregated, isolated accounts to avoid being used in the corporate funds. XTB also offers the added layer of protection to prevent risk warning, where each client has up to fifty thousand Euros, in the off-chance of insolvency.

With the rules and regulations that are applied by the FCA, and XTB’s own safety procedures, it is safe to say that XTB is a good choice for traders of both novice and expert experiences.

The protection XTB provides is an extra layer of protection that will prevent traders from facing any financial loss. This includes storing client funds in segregated accounts and providing negative balance protection for traders. They also provide investor protections, but it does not apply to all clients, depending on their place of residence.

Pros Cons
 Regulated by the Financial Conduct Authority of the UK (FCA)  Does not have a bank license
 Stores client funds in segregated accounts  
 Provides negative balance protection  
 Provides investor protection  
XTB is a secure and established European forex brokerage firm that offers online trading services across the globe.

Fees

XTB has relatively low trading and non-trading fees; they do not have a withdrawal or deposit fee.
They also do not have the requirement of an inactivity fee, or other account fees. They have an overnight fee, and their stock CFD fees can be seen as high.
Pros Cons
 No withdrawal fee  Stock CFD fees are high
 No deposit fee  Overnight fee is required
 No account fee  
 Low trading fees  

Trading Fees

XTB offers two trading accounts, while its execution trading strategy shows its understanding of how money is valuable. The provision is based on tight spreads from 0.3 pips on market level operations, and bonuses for active consumers.

The trading accounts are more or less the same, except for the difference in spread levels and swap rates that differ; the Standard Account is 0.35 pips and the Pro Account is 0.28 pips.

XTB has an overnight fee, also known as a swap rate, where the brokerage firm charges a fee that is determined between the two different currencies that are involved in the pair, whether the financial position is either sell “short” or buy “long”. The trading fee differs from one currency to other.

XTB Deposit And Withdrawal Fees

With XTB, there are no deposit and withdrawal fees. You will not be charged with any fees when you make a deposit or a withdrawal. However, if you are using electronic wallets, such as Neteller and Skrill, you will automatically be charged with 2% of the deposited amount. As for withdrawal, if you are withdrawing an amount that is below 100USD, you will be required to pay a withdrawal fee.

Deposit Fees and Withdrawal Fees
Withdrawal Fee 0USD
Minimum Withdrawal Limit 0USD
Minimum Deposit 0USD
FXTB Fees Compared To Competitors
  XTB XM eToro IG
Account Fee No No No No
Inactivity Fee No Yes Yes Yes
Deposit Fee 0$ 0$ 0$ 0$
Withdrawal Fee 0$ 0$ 25$ 0$
XTB has relatively low trading and non-trading fees; they do not have a withdrawal or deposit fee.

Account Opening

Opening any account type with XTB, it is fairly easy and direct, since it is all completely digital. Traders will need to fill out the necessary forms and they can submit all the required documents in a span of 30 minutes. The languages supported in XTB include English, Polish, Czech, German, Spanish, French, Hungarian, Italian, Portuguese, Romanian, Russian, Slovenian, Turkish, Chinese, and Japanese.

Pros Cons
 Low minimum initial deposit  None
 Demo account available  
 Free account set-up  
 Easy to open an account  
 Negative balance protection provided for Standard and Pro Accounts  

XTB Standard Account

There are two types of trading accounts with XTB: the Standard Account and the Professional Account.

The Standard Account is the account that most traders use who are starting out in the industry. You can choose through over 1500 trading instruments, with market execution and a fixed maximum leverage level.

Pros Cons
 More than 1500 instruments available  Minimum initial deposit required of 250USD
 Negative balance protection available  
 Account opening and management are free  
 Available on both trading platforms  

XTB Professional Account

Another XTB trading account available, is the Professional Account, which targets mostly those who are experienced in the trading industry. XTB provides an account that is more advanced, but the benefits are the same.

The Pro Account offers free account set-up and management, provides negative balance protection, and automated trading. You’ll find that the execution is market and you will have a fixed leverage level of 1:30.

Pros Cons
 Negative Balance Protection provided  Minimum initial deposit required of 250USD
 Free account setup and management  
 Over 1500 trading instruments available  

XTB Demo Account

The Demo Account is available for all traders to use, in order to experiment with the trading platform without facing any financial loss. The Demo Account is available to try both the in-house trading platform of XTB, xStation5, and the famous trading platform of MetaTrader4.

You can use the Demo Account to experience the trading platform and its assets, through the simulation for free and for unlimited time.

Pros Cons
 Free Demo Account  None
 Easy to open a Demo Account  
 Available for xStation5 and MT4  
 No financial loss  

How To Open An XTB Account

STEP ONE: Enter your email and the country of residence, and create an account password that will be used to log-in to your trading account and platform on XTB

Opening an Account XTB STEP 1

Opening an Account XTB STEP 1^
STEP TWO: Fill in online application with your personal information

Opening an Account XTB STEP 2

Opening an Account XTB STEP 2 ^

STEP THREE: Provide your current place of residence and postal code

Opening an Account XTB STEP 3
STEP FOUR: Choose your preferred language, base currency, trading account, and trading platform you would like to continue with
Opening an Account XTB STEP 4

Opening an Account XTB STEP 5

STEP SIX: Fill out the questions on your average trades on various trading instruments per month, and other trading inquiries to test your knowledge
Opening an Account XTB STEP 6
STEP SEVEN: Confirm that you know the trading risks that could take place with trading CFDs and XTB

Opening an Account XTB STEP 7

STEP EIGHT: Open your account and start trading

Opening an Account XTB STEP 8

Opening any account type with XTB, it is fairly easy and direct, since it is all completely digital.

Deposit & Withdrawal

With XTB, you can deposit in four base currencies, which is an average range of base currencies for brokers.

There are no deposit fees, which mean that you will not be charged for depositing funds to your account. However, electronic wallets automatically charge 2% of the deposited amount, as per the method’s regulations.

Pros Cons
 No deposit fee  Some payment methods are available for certain jurisdictions
 Different payment methods  Deposit methods might charge a 2% fee
 Fast deposit process  

XTB Deposit Options

  • Bank Transfer
  • Credit/Debit card
  • Electronic Wallets

Withdrawal

With XTB, there are no withdrawal fees, if your withdrawal amount is more than 100USD. If your withdrawal amount is more than 100USD, it is free.

However, you will only find one withdrawal option, bank transfers. For the withdrawal process, it is pretty fast with the bank transfers, normally taking two to three business days.

Pros Cons
 Fast withdrawal process  Only one withdrawal option
 No withdrawal fee  Withdrawal fee if below 100USD

XTB Withdrawal Options

  • Bank Transfer
  • Credit/Debit card
  • Electronic Wallets
With XTB, you can deposit in four base currencies, which is an average range of base currencies for brokers.

Trading Platforms

With XTB, there are two main trading platforms for customers to choose from. The first trading platform would be the in-house XTB platform, xStation5, which is an efficient and effective option to use for trading. xStation5 has been globally rewarded for its transparency in operations, its accuracy in real-time, its speedy executions, and its thorough charting offer.

The trading platform also offers the ability for clients to customize in whichever way they prefer, along with efficient tools; these tools include trader statistics and talk, advanced charts, calculators, bulk order closing, and many others. xStation5 can be utilized through different options, from desktops, smartphones, and even smart-watches.

The in-house XTB trade platform also has a thorough display of the current circumstances of selling and buying trends of each financial market, as well as the option of showing which financial market is gaining and losing.

The second trading platform that XTB offers is the prominent MetaTrader4 or MT4. However, XTB has improved the standard MT4 with different aspects. The MT4 used by clients of XTB would find that it has faster and more reliable trade operations, covers multiple assets simultaneously; NDD executions, no re-quotes, and they are all supported by EAs. You can use the MetaTrader4 platform as a web trading platform, desktop trading platform, or mobile application.

XTB Trading Platforms

  • xStation5 (in-house trading platform)
  • MetaTrader4

How to Trade with XTB

Web Trading Platform

With the MetaTrader4 and xStation5 trading platforms, there are basic order types that any trader can use. These order types are Market, Limit, Stop-loss, and Trailing stop. You will also find the order type of Good Till Time (GTT), which is accessible with the order types.

As for security, there is no two-step login process, so you can only log in through the initial process. However, you can set alerts and notifications on the web trading platform, which is not often found on other platforms. The alerts will notify you of price changes, or when your prices reach their target.

Overall, the web trading platform is easily accessible and accommodating for traders. You will find the search functions are very easy, and you can find accurate fee reports. The fee reports will help you to see past performances and other fees that you have paid in the past.

XTB Web Platform

Pros Cons
 User-friendly  No two-step login process
 Quality search function  Basic order types
 Clear fee report  
 Alerts and notifications available  

Desktop Trading Platform

With the MetaTrader4 and xStation5 desktop trading platform, there are basic order types that any trader can use. These order types are Market, Limit, Stop-loss, and Trailing stop. You will also find the order type of Good Till Time (GTT), which is accessible with the order types.

As for security, there is no two-step login process, so you can only log-in through the initial process. However, you can set alerts and notifications on the desktop trading platform, which is not often found in other platforms. The alerts will notify you with price changes, when your prices reach its target, or any events that you need to know that will affect you.

Overall, the desktop trading platform is easily customizable and clear for traders. You will find the search functions are very easy, and you can find accurate fee reports. The fee reports will help you to see past performances, and other fees that you have paid for in the past.

XTB Desktop Platform 1

Pros Cons
 Very customizable options  No two-step login process
 Clear fee reports  
 Various languages available  
 User-friendly  

Mobile Trading Platform

With XTB mobile trading platform, you can place four basic types of orders. These order types are: Market, Stop-loss, Limit, and Good Till Time. These four basic order types are available for you on the mobile application and you can find it easily, very accessible for traders since the structure of the application is user-friendly.

In regards to security, you will find that there is only an initial login process. There is no two-step login process, which is not essential but it is an extra layer of protection for traders. With XTB, they will be able to only rely on the initial login process. However with iOS devices, you can add fingerprint identification, but that is not applicable with Android devices.

With XTB mobile application, you can add different types of notifications and alerts. It is in the form of a push notification on your mobile settings; you will find that the alerts are to notify you about price changes, market news, and other trading data you would like to know about.

Overall, the XTB mobile trading platform is very accommodating and easily accessible. You can find the order types with ease, and find that placing orders are not a hassle. The two-step login process is not available with XTB, but if you have an iOS device, you can enable the fingerprint authentication. You will also find that there are many alerts and notifications to select from, in the form of a push notification on your device.

XTB Mobile Application

Pros Cons
 User-friendly structure  No two-step login process
 Both platforms available on software  
 Price alerts available  

With XTB, there are two main trading platforms for customers to choose from.

Markets & Financial Instruments

XTB is a leading online FX and CFD trading firm situated in Europe, offering access to more than than a total of 1500 instruments from a total of 2 platforms XTB offers their own honor winning xStation 5 as well as the traditional MetaTrader 4. Traders can browse between CFDs on FX, ETFs, Cryptocurrencies, Shares, Commodities and Indices.

Financial Instruments
9 Currency Pairs 42 Stock Index CFDs
1700 Stock CFDs 103 ETF CFDs
18 Commodity CFDs 3 Bond CFDs
25 Cryptocurrencies
XTB is a leading online FX and CFD trading firm situated in Europe, offering access to more than than a total of 1500 instruments from a total of 2 platforms XTB offers their own honor winning xStation 5 as well as the traditional MetaTrader 4.

Markets Research & Trading Tools

There are many resources with XTB. They provide research materials, educational resources, and charting tools to help any trader with anything they need while in a trading session. The resources that you will benefit from during a trading session would be the daily news, the charting tools, and the trading ideas.

With XTB and its resources, you will find that they are very beneficial. The trading ideas are very technical and are very helpful if you need the ideas for a short-term trading solution. However, they are not as structured as you would hope. The daily are quite accurate and updated daily to ensure that you have real-time trading events to consider when making trading decisions.

Pros Cons
User-friendly and easy access No fundamental data available
Quality and accurate news updates  
Interactive charting tools  

There is also a charting tool on the XTB website, adding 25 indicators, which it can be shared with other traders. The news feed is a feature that is offered by XTB’s team, where there is a mixture of recommendations, trader talks, raw data releases from the economic calendar, and messages about the occurrences in the financial market.

Traders who utilize the economic calendar will be able to see any future events that might take place. The events that are shown for traders consist of a short summary of the event and any previous performance of the relevant assets.

XTB Trading Tools

XTB has trading tools and research tools that traders can directly access instantly. The research tools are all offered in the English language, but there are some reports that are provided in other languages. There are also recommendations for financial news, which are beneficial for short-term and technical news that are relevant to the industry. The recommendations are only available for specific periods of time, but there is a daily report on YouTube for traders. The YouTube report consists of a narrator, who offers their opinion on the assets he tracks.

XTB offers a market sentiment function tool, which provides the percentage of XTB’s clients’ short and long positions in the market, which is tangent to the “heat-map” tool that shows the winners and losers of that particular financial market. The stock screener utilizes fourteen different factors that allow traders to filter the stocks they want to trade with, including the industry, the market capitalization, the country, the debt-to-equity ratio, BETA, and the PE. The final efficient research tool for XTB would be the ETF scanner, which is very similar to the stock screener. There are ten filters that are available for the trader, including the assets’ complete value, and the cumulative return.

XTB Trading Tools
Daily report Market sentiment function tool
Stock screener ETF scanner
Pros Cons
Many trading tools Mostly available in the English language
Easily accessible  
Daily updated reports  
There are many resources with XTB; they provide research materials, educational resources, and charting tools to help any trader with anything they need while in a trading session.

Customer Service

XTB, have a stellar customer service department. They have multiple forms of customer support for communication, via email, phone, and live chat. You will have the options of different languages available, but you will only be able to reach the customer service for 245, as that is their trading hours.

Pros Cons
 Many languages available  Not available 24/7
 Different customer support methods  Poor email support service
 Responses are relevant and accurate  

Means Of Communication

  • Live chat
  • Phone Support
  • Email Support

 

Many customers have been thoroughly pleased with XTB and its unique features. They have reviewed XTB as a fruitful trading experience, where they found it accommodating and convenient. The customer support has a reputation of being fast and relevant, which is very impressive. Overall the XTB review has been shown to be on a positive note.

With XTB, they have a stellar customer service department.

Client Education

There are many educational and research resources with XTB that will help you to trade international capital; this includes Webinars, Educational Videos, a Demo Account, Platform tutorial videos, and Quizzes. The educational resources can be divided based on the trading experience and the subjects that they revolve around; one of the most studied subjects is that of currency pairs.

The resources are of good quality, comprehensible, and logically organized. After each lesson, there are quizzes for clients to fill out; this feature is uncommon among other brokerage firms. Additionally, traders can watch educational videos on trading and platform how-to videos that are incorporated into the texts.

STEP ONE: Select your country of residence and fill in your email address

Demo Account XTB STEP ONE

STEP TWO: Fill in your personal information and create an account password
Demo Account XTB STEP TWO
STEP THREE: Start Trading!
Demo Account XTB STEP THREE

There are many educational and research resources with XTB that will help you to trade international capital; this includes Webinars, Educational Videos, a Demo Account, Platform tutorial videos, and Quizzes.

Conclusion

They are currently regulated under the Financial Conduct Authority (FCA), which is one of the hardest and toughest financial authorities in the world. They provide many trading instruments, including indices, currency pairs, and cryptocurrency. XTB offers traders two types of trading accounts: the Standard Account, and the Professional Account (Pro). In order to use these trading accounts, you will need to choose a preferred trading platform: the in-house trading platform of XTB xStation5, or MetaTrader4.

In regards to XTB and its fees, the fees are considered relatively low and they do not charge deposit or withdrawal fees. You will be able to deposit through CreditDebit Card, bank transfers, and several types of e-wallets. However, you can only withdraw through bank transfers, which take an average of 2-3 business days. XTB is a trading service provider that has been up and running since 2002, with headquarters in Poland and England.

Frequently Asked Questions

Is XTB a good broker?

XTB is a good broker since they have been regulated by the Financial Conduct Authority or the FCA. They also have been functioning since 2002, which means that they have overcome most of the financial shortcomings.

How long does it take to withdraw from XTB?

The withdrawal process from XTB takes 2-3 business days.

What is the minimum deposit on XTB?
The minimum deposit on XTB is 250USD, but it varies according to the country.
Does XTB have Nasdaq?
XTB has Nasdaq and NYSE in their indices to trade with.
How do I fund XTB?
You can fund your XTB account by the following methods: Bank Transfer; Credit/Debit card; PayPal; Skrill; BlueCash; PayU; or SafetyPay.
Does XTB charge commission?
XTB does not charge commission and all deposits and withdrawals are free.
Is XTB regulated?
XTB is regulated by the Financial Conduct Authority (FCA), one of the top-tier authorities in the industry.
How do I deposit into XTB?
You can deposit funds into your XTB account through these deposit options: Bank Transfer; Credit/Debit card; PayPal; Skrill; BlueCash; PayU; or SafetyPay.
Is XTB safe to use?
XTB is a good broker since they have been regulated by the Financial Conduct Authority or the FCA. They also have been strict with the safety of client funds, by storing them in segregated accounts, and providing traders with negative balance protection.
Is XTB ECN?
XTB is not an ECN broker and does not offer traders with ECN accounts.
Is xtb a market maker?
XTB is a Market Maker broker, which means that they have lower entry requirements than ECN brokers.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.