Founded in : 2002
Headquarters : London and Poland
Regulation : FCA
Platforms : MT4 and xStation5
Leverage : 1:30
Minimum Deposit : USD$250
XTB is a secure UK and European brokerage firm that offers online trading solutions. It is headquartered in Poland and London, and it was founded in 2002. The XTB brokerage firm was one of the very few companies that introduced Forex Trading in Poland, and it is now considered to be the fourth biggest stock exchange firm.
XTB have branch offices and provide financial services to twelve different countries. These countries are: 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 for 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, ETFs. Along with Crypto-currency trading, there are also instruments that allow trade like Bitcoin, Dash, Litecoin, Ethereum, andor Ripple by CFDs. These instruments are also offered on a 247 basis, with no necessity to hold 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.
|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|
What XTB Offers
|49 Currency Pairs|
|42 Stock Index CFDs|
|1700 Stock CFDs|
|103 ETF CFDs|
|18 Commodity CFDs|
|3 Bond CFDs|
Trading Accounts of XTB
In order to open 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 provided in XTB include English, Polish, Czech, German, Spanish, French, Hungarian, Italian, Portuguese, Romanian, Russian, Slovenian, Turkish, Chinese, and Japanese.
|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|
- Standard Account
- Professional Account
- Demo 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.
|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|
The second XTB trading account 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.
|Negative Balance Protection provided||Minimum initial deposit required of 250USD|
|Free account setup and management|
|Over 1500 trading instruments available|
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
STEP TWO: Fill in online application with your personal information
STEP TWO: Fill in online application with your personal information
STEP THREE: Provide your current place of residence and postal code
STEP FOUR: Choose your preferred language, base currency, trading account, and trading platform you would like to continue with
STEP FIVE: Answer questions that are relevant to your trading experience, such as your occupation, your annual income, and your experience with trading.
STEP EIGHT: Open your account and start trading
Deposits and Withdrawals
With XTB, you will have access to 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.
|No deposit fee||Some payment methods are available for certain jurisdictions|
|Different payment methods||Deposit methods might charge a 2% fee|
|Fast deposit process|
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.
|Fast withdrawal process||Only one withdrawal option|
|No withdrawal fee||Withdrawal fee if below 100USD|
How To Trade with XTB
- xStation5 (in-house trading platform)
Trading Platforms of XTB
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 on 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|
|Market sentiment function tool|
|Many trading tools||Mostly available in the English language|
|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. 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.
|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, with adding 25 indicators, where 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 on 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.
With XTB, they 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.
|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.
XTB is a trading application that is considered to be a European brokerage firm, which means that it must abide by the financial laws that reside in the European financial regulatory agency. The agency that legislate licenses and regulations for financial institutions would be the FCA, the UK Financial Conduct Authority. The current license for XTB would be that of the FCA, which makes it one of the safest and most secure brokerage firms in the world and ensures risk warnings on the website.
Taking into regard the sharp restrictions and the highly-regarded global reputation, XTB is a combination of safety and daring trading solutions. With XTB, the protection of client information and trading funds are 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 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.
|Regulated by the Financial Conduct Authority of the UK, or better known as the FCA||Does not have a bank license|
|Stores client funds in segregated accounts|
|Provides negative balance protection|
|Provides investor protection|
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 subject is that of currency pairs. The resources are in 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.
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.
|Free Demo Account||None|
|Easy to open a Demo Account|
|Available for xStation5 and MT4|
|No financial loss|
How to Open a Demo Account
STEP ONE: Select your country of residence and fill in your email address
STEP TWO: Fill in your personal information and create an account password
STEP THREE: Start Trading!
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 of real time, its speedy executions, and their 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 desktop, smart-phones, 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 on 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.
Web Trading Platform
|User-friendly||No two-step login process|
|Quality search function||Basic order types|
|Clear fee report|
|Alerts and notifications available|
With the MetaTrader4 and xStation5 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 web trading platform, which is not often found in other platforms. The alerts will notify you with price changes, or when your prices reach its 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 for in the past.
Desktop Trading Platform
|Very customizable options||No two-step login process|
|Clear fee reports|
|Various languages available|
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.
Mobile Trading Platform
|User-friendly structure||No two-step login process|
|Both platforms available on software|
|Price alerts available|
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 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.
|No withdrawal fee||Stock CFD fees are high|
|No deposit fee||Overnight fee is required|
|No account fee|
|Low 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.
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|
XTB Fees vs. Competitors Fees
XTB is a trading service provider that has been up and running since 2002, with headquarters in Poland and England. 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 with 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.
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.