Review of XTB
XTB specialises in forex and CFDs. CFDs are contracts for difference and are a way of speculating on the price performance of an asset without owning it. That makes it best suited to short term traders rather than long term investors. Keep reading to learn more about how the platform works and whether you should sign up.
Pros & Cons
What can I do with XTB?
XTB is a London-based broker that has a solid track record over more than 15 years in the market. It has a scalable account system that offers more advanced features for professional users, so the most experienced traders can access leverage of up to 1:500, while there is a demo account for beginners.
XTB markets, assets, and options
What assets and products can you trade on XTB?
XTB provides over 2,000 tradable assets, primarily in the form of CFDs and forex pairs. There are 57 currency pairs and also over 25 cryptocurrencies available, so you can trade CFDs on coins like Bitcoin, Ethereum, and Litecoin among others.
What leverage trading options are there?
XTB offers the possibility of trading with leverage on forex currency pairs of up to 1:500 for its international clients. However, the European Securities and Markets Authority (ESMA) has restricted the maximum leverage provided for EU customers to up to 1:30.
Please bear in mind that trading with leverage entails additional risk of loss and should only be undertaken after you have accumulated at least some trading experience.
What are the spreads?
XTB charges variable spreads, depending on the asset you wish to trade, and the volume of your trade. Forex spreads can be as low as 0.00011 pips for the AUD/USD pair or go up to 0.18 pips for the EUR/HUF fiat pair.
|Product||Average spread||Fixed or variable?|
Fees, limits, and payment options on XTB
What are the deposit and withdrawal fees, limits, and speeds?
There are several deposit methods available, including bank transfers, credit cards, and e-wallets (PayPal & Skrill). XTB doesn’t accept bank transfers from countries other than the one of your residence. Moreover, transactions performed via PayPal and Skrill may be subject to additional third-party fees.
$25 for all withdrawals
$25 for all withdrawals
How much are XTB’s fees and commissions?
Fees and commissions when trading with XTB depend on the type of asset you wish to trade, the trade volume, and the type of account you opt for. The Standard Account offers automated trading with a minimum spread of 0.35 pips.
Opening a Pro account will allow you to trade with a smaller minimum spread starting at 0.28 pips.
|Fee type||Fee amount||Commission|
|Inactivity||$10 per month after 1 year/ no deposit in the last 90 days, $50 for a completely dormant account after 3 months||–|
XTB trade sizes and limits
The minimum trade size starts at 0.1 lots, but the maximum traded volume is determined depending on your account type and whether you’re a professional or a regular trader.
|Product||Minimum trade||Maximum trade|
XTB trading platform
What devices can I use XTB on?
XTB offers the xStation 5 trading platform. xStation 5 delivers an excellent user experience for web, mobile, tablets, and even Android and iOS smartwatches, so you can take your trading everywhere you go.
xStation 5 is also available to download onto PC desktops.
- Web browser
- iOS Mobile Device
- Apple Mobile Device
Can I use XTB in my country?
XTB is open to traders from the European Union and other regions across the globe, including: Austria, Belgium, Croatia, and Cyprus. Select your country from the list below to see if it is available where you are.
Is XTB available in my language?
XTB’s main website is available in over 15 languages, including Spanish, Turkish, Portuguese, Slovenian, Vietnamese, Arabic, Polish, Czech, Italian, French, Chinese, Greek, Romanian, German, and Hungarian.
How easy is it to use XTB?
XTB’s interface is intuitive and easy to use. The xStation 5 trading platform provides a series of tools and APIs that meet even the discerning needs of professional traders.
The mobile version can be downloaded to any type of mobile device (smartphone or tablet) and features a user-friendly interface. XTB also offers a free demo account where you can experiment with various trading strategies and get familiar with the platform.
XTB is one of the largest publicly traded listed forex and CFD brokers in the world. Here are some of their key features:
Licensed & regulated
XTB is regulated by several international regulation agencies, including the FCA, KNF, CySEC, and IFSC.
Throughout the years, XTB has accumulated awards, including Best Brokerage House in Europe from the Global Banking & Finance Review, Best CFD Trading Provider at the M&A Global Awards 2018, and others.
Every new client is automatically a Retail classified client unless they decide to upgrade to be an Elected Professional. This means that you make at least ten trades per quarter or have an account portfolio surpassing the €500,000 mark. Traders who are certified as ‘elected professionals’ lose some of the FCA conditions and gain higher leverage access as well.
Security and regulation
Is XTB safe?
XTB has earned the trust of over 14,000 clients by prioritizing trader security in the form of segregated accounts, meaning that client funds are kept completely separate from its own funds and PCI compliant credit card and other data security encryption.
Am I and my funds protected?
XTB is authorised and regulated by the UK Financial Conduct Authority (FCA) and operates in strict accordance with the FCA’s rules on client money protection. Under the Financial Services Compensation Scheme (FSCS) Agreement, clients’ accounts are protected up to £85,000 per person, in the unlikely event of XTB’s insolvency.
Is XTB regulated?
Yes, XTB is regulated and supervised by several Tier 1 financial authorities, including:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority in the United Kingdom
- KNF The Polish Financial Supervision Authority
- The International Financial Services Commission (IFSC)
Do I have to verify my account with XTB?
Yes, XTB follows a KYC (Know Your Customer) policy that requires all clients to submit personal information, including their country of residence, proof of residence, a photo of a valid ID, and other personal identification information.
XTB is client-oriented and offers a series of free educational resources for its clients. These include articles, live webinars, and a complete Trading Academy dedicated to teaching you how to trade, which can be accessed from the broker’s website under the “Learn to trade” tab.
Tools and charting
XTB offers an easy-to-use trading platform with tools for both new and experienced traders alike. The xStation platform offers access to advanced trading tools, including a pricing trading environment without a Dealing Desk and compatibility with Chrome, Firefox, Safari, and Opera browsers.
XTB provides one of the best customer support services among online CFD brokers. Its team of experts speak more than 15 languages, including Arabic, Portuguese, Romanian, French, and Thai among others and there are also several phone numbers offered to clients, depending on their issue, from account opening to deposits/withdrawals, and general inquiries.
The support team is available 24/5 and you can also message them directly via live chat as well.
XTB is one of the few licensed and regulated online brokers that is also publicly traded (on the Warsaw Stock Exchange). It offers clients a good trading platform and access to over 2,000 CFD assets including stocks, indices, forex pairs, and cryptocurrencies.
Both the mobile and the web versions are modern, user-friendly and include enough tools and comprehensive charts to satisfy most traders. The low starting spreads (0.01 pips) and professional account options are also a welcome addition.
XTB also provides a complete trading academy which contains a vast array of content dedicated to helping trader’s improve at their craft. On top of which there is a market analysis section with news, an event calendar, and features like top gainers/losers for many popular securities. Trader’s can do far worse than selecting XTB as their primary broker.
How to open an account with XTB
- Go to the “Create Account” section on the main page on the right
- then take a few minutes to fill in the fields with the relevant information about your account, such as country of residence, email address, your full name, and address
- Once you receive your verification email, click through, complete the client questionnaire, and upload your identification documentation.
- After your ID has been verified, you are ready to deposit funds and start trading!
XTB is owned and operated by MAXIFLEX Ltd.. MAXIFLEX Ltd. is registered as a Cyprus Invest Firm (CIF) and a licensed entity by CySEC.
XTB makes money from trading spreads and commissions for placing an order via its trading platform. It also charges a $25 fee for all withdrawals and a $10 per month inactivity fee after one year.
Based on your country of residence, you may be required to pay taxes on any XTB profits you make after a certain amount. We suggest checking with your local legislation to see the limits and the exact regulation.
Yes, XTB is primarily a CFD broker.
There are various ways to sell via XTB, including:
- The Market Watch window on the left-hand side of the platform
- The “Tools’ tab on the top menu of the platform
- F9 button on your keyboard to pull up a tradebox
- One-click trading within charts
- Choose the asset you want to sell and the quantity and click “Sell”
You can contact the XTB customer support team via the live chat box on their website or by sending an email to: support@XTB.com asking for the termination of your account. We should also mention that there is a $50 fee for accounts that are dormant for more than 3 months.
As XTB is a CFD broker, shorting is as simple as going to the Market Watch tab in your trading dashboard and clicking “Sell at Market”.
Go to Login and click on the button on the right, “Forgot my password”. Write down the email address you used to register to XTB and a new password will be sent to that address.
Yes, Paypal is listed as a deposit/withdrawal option with XTB.
If XTB shuts down unexpectedly, any order will remain pending until you can log into your account again and complete it.
In the event that XTB ceases operations altogether, XTB is authorised and regulated by the UK Financial Conduct Authority (FCA) and operates in strict accordance with the FCA’s rules on client deposit protection. Under the Financial Services Compensation Scheme (FSCS) Agreement, clients’ accounts are protected up to £85,000 per person, in the unlikely event of XTB’s insolvency.
To view your trade history, log into your trading dashboard and go to the “terminal window”. Choose the “Account history” tab at the bottom, then right-click within to choose custom dates and even download the data to your computer.
No, at the moment you cannot use cryptocurrency to pay on XTB.
At the moment, XTB doesn’t offer any bonuses.