XTB (X TradeBrokers) 2020 traders’ review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Contents

XTB (X Trade Brokers)

People keep asking me what is my experience with a broker called XTB, which has been doing business in the Czech market for a long time. The broker’s offices are located (among other cities) in Prague, the company employs plenty of local staff and traders, before deciding for an investment, can even visit this broker.

XTB is a broker founded in Poland in 2002 focused primarily on forex and CFD trading. Trading with binary options has begun recently. So these are the facts.

To be honest, I have never done any trading with XTB but because of your questions I made a test of trading binary options on the XTB platform. Let’s take a look at it together.

XTB’s platform for trading binary options

Even though XTB’s platform is less known, than any other platforms, it looks nice. But in terms of binary options, this is all. Traders are offered only a few assets to choose from. I did not count it precisely, but I think the total was around 30 assets. The number of types of options is not big either. All what you can trade is traditional binary options with expiry periods from 1 to 90 minutes. That’s all.

I like their per-trade profit, which is 80%, a figure nearly the same in all assets. For expiry periods longer than 30 minutes it’s even better: 90 %. Another nice thing is the buy me out function.

However, even though it’s a great feature, with XTB it’s useless. If a trade is OTM (even a single pip) you can’t sell the option. You can do it only for trades that are profit-making (ITM). However, the price of buyback is always lower than the value of the trade, so at the end of the day you will always lose money.

The Buy Me Out function at XTB Platform

XTB’s customer support

Over the time of XTB’s doing business in the Czech market, the quality of customer support has reached a level of excellence. Everyone is friendly and professional. But I think that in terms of trading binary options this is the only benefit. I have never traded anything else with XTB, so I can’t say more.

Customer support will tell you that until you activate your account trading is impossible. OK, I can understand this, a lot of brokers do so. But this rule applies to a demo account, too. Which is a shame, since normally, they do offer demo accounts.

Money on account and withdrawal

I like that XTB enables, next to payment cards, payment systems such as PayU and PayPal. There is no minimum amount there, which is a good thing too. Pitiful is the 1% fee.

Withdrawals of less than 135 USD are a total flop. I just wanted to test the broker for you, so I invested a few hundreds and made a few trades. I was about to withdraw my earnings. The fee for withdrawing 45 USD that popped up shocked me: 15 USD, which is 35%! On the other hand, withdrawals above 135 USD are toll-free, which is OK.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

I assume that the higher the withdrawal, the lower (or at least not higher) the fee. With a refund of 20 000 USD, the above 17.5 USD fee would be negligible. But frankly, how many people do earn tens of thousands from trading?

My overall rating

Overall, I see XTB as a serious, but mediocre player. In my view, it should stick to its best, that being CFD trading, and do binary options as a mere complement. Other brokers with much more insight are surely a better choice.

The offer of 30 assets plus fees for both deposit and refund and, on top of that very limited trading with only one type of options is like a dish that you just taste but never eat. What is your opinion?

XTB alternatives

Naturally, you can choose from a variety of other brokers trading binary options If you want to see our recommended brokers, take a look at the following list of our tested and recommended brokers. Below, you will find a broker with the best rating at our web site.

Broker Bonus Min Deposit Payout Review Open Account
USA Allowed $10 BONUS $ 100 * Review Trade Now!

xtb Pros

  • Fair broker
  • Will pay out your earnings

xtb Cons

  • Not a good platform
  • Only 1 type of trading
  • Only a few assets
  • Only short term options
  • Considering their low deposit requirement a high minimum trade amount

xtb – Review author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

xtb Details

✅ Broker xtb
✅ Website URL http:/www./xtb.com
✅ Founded 2002
✅ Headquarters Prague, Warsaw, and more
✅ Languages English, Czech, Polish, and more
✅ Trading Platform Custom made
✅ Minimum 1st Deposit $ 1
✅ Minimum Trade Amount $ 20
✅ Payout Up to 90%*
✅ Free Demo Account
✅ US Traders Allowed
✅ Overall Score We don’t recommend trading with this broker.

Show recommended brokers

One Response to “XTB (X Trade Brokers)”

Hello,
I am a client at XTB since 2020.
Since 2020 things have changed and the platform has
Considerably evolved.
There are some restrictions as indicated in your arctle to this day
You can positions both upward and downward
Regardless of the entry price.
In addition you can determine the duration of your choice 1 minute to 90 minutes
For my part I trade on 3 minutes
The rates to date are 80 percent below 5 minutes
And 82.02 from 5 minutes to 90 minutes.
I advise this broker which is one of the few having had an article on
The site of Bloomberg who said that good.
July 2020

X-Trade Brokers – XTB Review

Leverage: 1:30

Regulation: FCA

Min. Deposit: 250 US$

HQ: UK

Platforms: MT4, xStation 5

Found in: 2002

XTB Licenses:

  • XTB Limited – authorized by FCA (UK) registration no. 522157
  • XTB Limited – authorized by KNF (Poland)

Top 3 Forex Brokers

Alpari Review

FXTM Review

FP Markets Review

  • Our Review
  • X-Trade Brokers – XTB User Reviews
  • X-Trade Brokers – XTB News

What is XTB?

XTB is a trusted UK and European market leading brokerage providing online trade solutions, through its headquarters in Poland and London (UK). XTB broker was actually the first firm which introduced forex trading in Poland, and now became 4 th listed largest stock exchange company.

XTB withholds global providers of FX and CFDs with offices in 12 countries in Czech Republic, Hungary, Italy, Turkey, Chile, Belize, Poland, Germany, Slovakia, Portugal, Romania, Spain and France, providing dedicated service and support on a 24 hours basis. The broker performing its operation as a group, which has also won a notable amount of awards for both technology and service. One of the latest recognition

Highest rated FX & CFD Broker of 2020 | voted by Wealth & Finance International Awards

General brokerage and trading service offering includes a wide selection of opportunities, through a range of global markets over 1500, including Forex, Indices, Commodities, Crypto, Equity CFD, ETFs. Another mentioning worth a Crypto trading which includes trade on Bitcoin, Ethereum, Dash, Ripple or Litecoin by CFDs on 24/7 basis, with no requirement to hold wallet, leverage till 1:5 and quite cheap swaps – long 0.08% a day, short 0.04% a day and spread calculated only by 1% from target.

XTB is their goal to help develop each trading strategy, so that client can become profitable over the long-term. The comprehensive educational program develops skills and knowledge for every step with video tutorials and guides from Trading Academy, online webinars and live market analysis, community of minded traders – XTB’s Trading Club, one-to-one mentoring and development managers.

However, you should always check the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:

Is XTB safe or a scam?

XTB being European established brokerage accordingly follows and holds necessary registrations and regulations. The UK registered XTB company is respectively regulated by the biggest supervision authority the Financial Conduct Authority, is also regulated by KNF, and CMB.

Considering a strong reputation and sharpest guidelines of the regulation (read more about why trade with FCA regulated Brokers), XTB bringing confident trade with high protection. And actually, this is the main topic you should stick to while choosing a broker to trade with, means check carefully authorization of the company, as this is the only criteria that delivers a safe trading environment.

At XTB Limited, the safety of funds is paramount, therefore all client funds are held in a segregated account at all times, as well protected by the FSCS up to £50,000 per person in the unlikely event of insolvency.

XTB Trading Platforms

XTB offering two main platforms that client is able to choose from, as a mainstay XTB uses xStation5, which been recognized as an efficient choice and gained multiple awards for total trade transparency, real time commentary, execution speeds and very comprehensive charting package.

xStation 5 voted ‘Best Trading Platform 2020’ by Online Personal Wealth Awards

Forex Magnates 2020 | Best proprietary fx platform

Nevertheless, the platform is fully customizable and very fast, including useful tools like calculators, advanced charts, trader statistics, bulk order closing, traders talk and progressive technical analysis. All settings, watch lists and workspaces are accessible from desktop, smartphone, laptop, tablet and even smartwatch.

XTB platform includes also a useful Market sentiment and displays the current situation of selling or buying trend of each market, as well as Top mover showing which markets gaining or losing. Another addition equity screener that filters stocks and searching for new opportunities.

Second offered by XTB platform is known to all trading world MT4, however, XTB enhanced features by fast, reliable trade execution, multi-asset coverage, No dealing desk execution, no requotes and all supported by Expert Advisors.

XTB Trading Fees

XTB provides three types of trading accounts, while generally, XTB operational strategy shows a good value for money. The offering is based on tight spreads from 0.3 pips on market level execution along with bonuses for active trader.

Available accounts divided into Basic Account, Standard and Pro Account. Generally speaking, accounts featuring approximately the same options and benefits from the company, apart of the difference on swap rates and spread level which diverse from 2.0 pips for Basic, 0.35 pips for Standard and 0.28 for Pro accordingly, also in Basic account spreads are fixed and automated trading is not available. For better understanding check out typical spreads at Standard accounts and also compare XTB fees to another popular broker AvaTrade.

Asset/ Pair XTB Spread – Standard Account
EUR/USD 0.8
Crude Oil WTI 4
Gold 35
BTC/USD 1%

For the XTB overnight fee or knowns as a swap rate, the broker charges a differential determined between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’. The fee originally varies from the currency to another, as an example, EUR/USD rollover on buying position is -12.037 while selling will let you gain 5.795.

XTB Leverage

Being a European based broker, the XTB does not offer high leverage ratios recently due to the updates from the EU regulation ESMA. The traders may use a maximum of 1:30 level towards Forex instruments, 1:5 towards Stocks and even lower to some additional assets. Nevertheless, these restrictions are definitely done to protect trading orders and accounts themselves, as the higher leverage ratios may impose a significant risk for any trader towards money loss. Thus, 1:30 is still a good level to maintain potentially successful trading, yet with lower risks involved.

XTB Deposits and Withdrawals

There are several ways to deposit funds into the trading account, which includes the most popular and secure payment methods.

As for the minimum deposit amount, the XTB set required a deposit to start 250 US$, while active traders and PRO account may require some more balances in order to cover all necessary margins.

For the funding fees, Bank transfers and payment for both withdrawals and deposits by Credit Cards are free of charge and accepting the following currencies EUR, USD, GBP. Yet, other payment methods incur additional charges – 2% of the deposited amount, these are PayPal and Skrill.

To withdraw funds from your account, the client has to proceed with online request and choose where to transfer the money (nominated bank). Another pleasant feature that XTB does not charge an inactivity fee.

Conclusion on XTB

XTB as a multi-asset broker provides a well-balanced trading experience while regulated in several major financial centers, hence considered a reliable broker. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards. Being a client of XTB you will enjoy the benefits of a long-term relationship that building durable cooperation with active traders as one of the company main objectives. As a whole, XTB’s offers more than usual brokers do and that’s for sure worth clients note.

Beginner’s Guide to XTB: Complete Review

XTB is an online broker dedicated trading Forex, Crypto & CFD markets. XTB prides itself on offering a personal approach, comprehensive educational materials, and an award-winning platform. The company aims to create a long-term relationship with clients, giving them the necessary tools to successfully trade.

Keep in mind that XTB operates in 17 different countries/regions and also has a separate international version. Each of these has slight differences in spreads, leverage, account types, funding methods, and other intricacies. Unless specified, all of the following information is based on International Accounts.

Risk Warning: 79% of retail investor accounts lose money when trading CFDs with XTB Limited.

XTB at a Glance

Broker XTB
Regulation FCA (UK), CySec (Cyprus), KNF (Poland), IFSC ( Belize)
Minium Initial Deposit
£250, €250 or $250
Demo Account
Yes
Asset Coverage 1500+ CFD markets: Forex, Indices, Commodities, Shares & Cryptocurrencies
Leverage 30:1
Trading Platforms xStation ( Web & Mobile ), MetaTrader 4

XTB Regulations

While most brokers are only regulated by one, possibly two, organizations, XTB is regulated by a long list. XTB has offices in over 10 countries around the world, including France, Spain, Germany, Poland, the UK, and Belize.

With its reach in so many different countries, it should come as no surprise that XTB is regulated by numerous supervision authorities from around the world, including CySec, KNF, FCA, and IFSC. With so much international regulation, you can trust that XTB is held to a high standard, particularly in terms of protection of client funds.

XTB International Limited (XTB) is regulated and authorized by IFSC (International Financial Services Commission) in Belize under IFSC License No: IFSC/60/413/TS/17. XTB is registered in Belize with Registered Number 153,939. The company’s address is 35 Barrack Road, 3 rd Floor, Belize City, Belize, C.A.

XTB is one XTB Group’s trademarks. The XTB Group also includes X-Trade Brokers DM SA, XTB Limited, and XTB Sucursal. Other international organizations authorize and regulate these other entities. Komisja Nadzoru Finansowego (KNF) in Poland authorizes and regulates X-Trade Brokers DM SA (KRS 0000217580, REGON 015803782, NIP 52 7-24-43-955).

The Financial Conduct Authority in the United Kingdom authorizes and regulates XTB Limited (FRN 522157). The Comision Nacional del Mercado de Valores in Spain authorizes and regulates XTB Sucursal.

XTB Ltd’s (XTB UK) registered trading office is located at Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom. X-Trade Brokers DM SA’s registered address is ul. Ogrodowa 58, 00-876 Warszawa, Polska. XTB Sucursal’s registered address is C/ Pedro Teixeira 8, 6ª Planta, 28020, Madrid.

History of XTB

XTB has a rich history that reaches back to 2002. In 2002, X-Trade was incorporated. With its location in Warsaw, it was, at the time, the very first foreign exchange brokerage house in Poland offering leverage. In 2004, X-Trade merged and became XTB as a way to comply with the updated regulations for the Polish market.

By 2005, XTB was authorized by the Polish Financial Supervision Authority (KNF) for offering brokerage services across all types of financial products. In 2005, XTB earned the honor of “Best Broker in Europe” from the Money Markets Journal.

In 2006, XTB became part of the Polish National Clearing House and the Warsaw Stock Exchange. In 2007, it opened its first foreign branch, which was located in the Czech Republic. It followed this achievement by also opening offices in Romania, Slovakia, Germany, and Spain in 2008.

X-Trade Brokers rebranded to become XTB Online Trading in 2009. In 2020, XTB opened up new branches in Portugal, France, Italy, and Hungary. These branches included cross-border licensing in Austria, the Netherlands, Sweden, Bulgaria, Greece, and Belgium. The year 2020 also saw XTB establish subsidiaries in Turkey and the United Kingdom.

In 2020, XTB signed a deal with Mads Mikkelsen, the award-winning Hollywood actor, to become a brand ambassador. In 2020, XTB was successfully listed on the Warsaw Stock Exchange. The first day that it was a publicly traded company, the shares rose over 4%.

XTB Account Types

XTB has multiple account types, including a demo account which is super easy to signup for and will allow you to test out the platform with either MetaTrader 4 or the web-based Xstation.

  • Demo Accounts – There is a Demo Account from XTB that lets you test out the platform without any commitment.
  • Standard Accounts – This account has access to over 1,500 instruments, including forex, commodities, crypto, indices, stock CFDs, and ETF CFDs. This account type has market execution, leverage of up to 1:200, a minimum spread of 0.35, and a minimum order of 0.1. There is negative balance protection and automated trading. Both account setup and management are free for this account type. You can use MT4 or xStation with this type of account.
  • Pro Accounts – have identical access to assets, with a minimum spread of 0.28 and maximum leverage of 1:200. There is free account set up without any management fees, and the minimum order size is 0.1 lot. This account type also works with both xStation and MT4.
  • Islamic Accounts – are similar to Standard Accounts. The only differences are that they do not offer cryptocurrency trading and are swap-free.

Only the Standard and Pro Accounts are available to clients in the UK. Both of these types of accounts for UK clients use floating spreads, with Pro Accounts also featuring market execution. This involves paying a small commission in order to reach market levels. A UK Standard Account spreads float with a minimum of 0.9 pips, while Pro Accounts have a minimum spread of 0 pips, which are also floating.

XTB Account Signup

It is incredibly easy to create a trading account with XTB. To get started, simply fill out the online form, which you can easily find on the main page or nearly any other page on the XTB website.

While XTB verifies your details, you will get immediate access to the trading platforms. You will likely need to upload additional documents. After your application is approved, you can deposit your funds and begin trading.

Account Verification Requirements

After you create an account with XTB, you will need to activate it before you are able to start trading. This activation process is essentially XTB’s verification process, and it involves uploading required documents to prove your identity as well as your address. Specific requirements vary slightly by region but are generally very similar.

In the United Kingdom, for example, XTB accepts a passport, national identity card, or driver’s license as proof of identity. In the case of the latter two, you must upload an image of both the front and the back of the ID. The proof of address must be from the past three months and must be a full page.

It cannot be an online document. Accepted proof of address (in the UK) includes a bank statement, a utility bill, a phone bill for a landline, or a tax statement or bill. After XTB reviews and accepts your documents it will then officially activate your trading account.

XTB Spreads & Pips

With XTB, traders are able to enjoy spreads as high as 200:1 or as tight at 0.3 pips. To round it out, clients enjoy market level execution. For full transparency at all times, XTB includes the pip value, swaps, and spread on your deal ticket; this way, there are never any surprises. XTB also uses advanced trading technology that prevents requotes so you can trust that the trade will enjoy smooth execution.

Each instrument type has its own specific trading terms. If you visit the Market Analysis section of the XTB website, you can go to the Price Tables. Here, you will find the current price for each instrument, including figures for bid, ask, spread, and percent change.

Click on “Instrument Specification” below each chart to see the information for all instruments within a category, as this main page only displays around 10 to 15 of each instrument type due to space limitations.

XTB Deposits

To deposit funds into your XTB account and begin trading, simply log in and head to “Deposits.” From there, you just choose your trading account as well as the payment method. XTB offers many methods of depositing funds, some of which have additional charges and many of which are free.

Keep in mind that if you deposit funds into XTB in a currency that is not that of your bank funds, XTB will not pay for the exchange rates. There are also some variations in accepted deposit methods based on location.

Bank transfers are free and accepted in USD. In some cases, your bank may charge a transfer fee, although XTB will not charge you any additional fees. Bank transfers that you make to XTB must come from banks that are registered in your full name, with the name matching that of the XTB account. If this is not the case, you risk wasting time as the funds will return to the original bank account.

Deposits can also be made via credit cards, including Visa, MasterCard, and Maestro. These deposits can be made in USD; XTB does not assess any additional fee for this transaction.

Finally, you can use one of several e-wallets to deposit funds into XTB. Paysafe, which used to be known as Skrill, comes with a fee equal to 2% of the amount deposited. SafetyPay comes with a 1.5% fee.

Deposit and withdrawal methods vary by region and country for XTB clients. In the UK, for example, you can also make a deposit via PayPal or Neteller, but SafetyPay is not an option. Deposits for UK accounts can be in USD, GBP, or EUR.

Minimum Deposit

The initial deposit into an XTB account must be at least £250, $250, or €250. After this initial deposit, there is no minimum size for subsequent deposits.

XTB Withdrawals

Withdrawing funds from your XTB account is just as straightforward as making a deposit. Visit your Client Office after logging in and choose the account you want to withdraw from. Next, choose the amount you want to withdraw.

Keep in mind that if your account that you want to withdraw the funds from is not in the same currency as your trading account, Pekao will convert the amount at its rate, either at the time the bank receives the payment or at the time of request. As is the case with deposits, you can only make a withdrawal to a bank account bearing your exact, matching name.

When making withdrawals, XTB processes the payments with the SHA model, covering the full cost that the Sending Bank charges. Your bank may charge you an additional fee. If you choose to withdraw less than $100, this will come with an extra $30 commission.

WITHDRAWAL FEE ON AMOUNTS SMALLER THAN THRESHOLD THRESHOLD AMOUNTS LARGER THAN THRESHOLD
20 USD 100 USD Free
16 EUR 80 EUR Free
12 GBP 60 GBP Free
3000 HUF 12 000 HUF Free

XTB Trading Instruments

To appeal to a wide range of traders, XTB supports a long list of assets. In total, there are 3,000 markets that you can trade with the broker, including forex, commodities, shares, and indices.

For forex, you can enjoy spreads from 0.1 pips; these are tradeable 24/5. There are 48 currency pairs, micro lot size contracts, and there is no minimum initial deposit.

There are more than 20 indices available with XTB, including those from China, Germany, and the USA. All have low transaction costs, the ability to go long or short, financial leverage mechanism, and no overnight cost to hold an open position.

There are popular commodities available, such as oil, silver, and gold. These have no overnight holding cost, 24-hour trading, low transaction costs, and high volatility for precious metals and commodities.

XTB supports CFDs on over 1,500 equities, with leverage as high as 1:10. The commissions are low, starting at just 0.08% and there is ultra-fast execution plus the ability go long or short.

There are 60 ETF CFDs, with leverage of up to 1:10, low commissions starting at 0.08%, ultra-fast execution, and negative balance protection.

Finally, XTB offers the option to trade cryptocurrencies, including Dash, Bitcoin, Litecoin, Ripple, Stellar, Ethereum, and more. The market is open 24/7 and there are low transaction costs and no risk of losing capital to a hacking attack.

XTB Fees

Commissions vary slightly by account type. There is no commission on Standard Accounts for crypto, forex, indices, or commodities, with commissions on other types starting at 0.8% per lot. These are also the commissions (when applicable) for Islamic Accounts.

For Pro Accounts, the commissions on forex, indices, commodities, and cryptocurrencies start at $4 per lot. Commissions for stock CFDs and ETF CFDs start at 0.08% per lot.

XTB Service Levels

In addition to account types, XTB offers different service levels. These levels let the broker accommodate the needs of each client, regardless of their experience level or expertise.

Base service levels do not have a minimum volume in lots or a minimum deposit. This service level also provides clients with access to the Premium Educational Materials. The education system was created by XTB specialists and it includes materials for all skill levels to guide you through your trading journey.

Plus service levels have a minimum volume of 10 lots and a minimum deposit of 100 EUR. In addition to providing access to Premium Educational Materials, this service level provides access to Premium Research Materials, Premium Email and Push Notifications, and a priority pass to events, such as Trading Clubs.

The Premium Research Materials come from the XTB award-winning analyst team. They are designed to help you stay up-to-date with the latest market movements and provide expert guidance to support your strategies.

The Premium Email and Push Notifications include information like market news, trading signals, and analysis. The idea is to give you quick information that is actionable so you do not miss out on opportunities. The Trading Clubs occur weekly, and professional traders run these sessions to include real-time market analysis. There is also priority access to XTB Masterclasses.

Finally, the VIP service level requires a minimum trade volume of 100 lots and a minimum deposit of 25,000 EUR. In addition to all of the above, this service level gets one-to-one coaching sessions, market analysis on demand, and direct access to market analysis.

Market analysis on demand involves consultations with market analysts who can give you feedback on your trading strategy and explore specific markets for you. This goes hand-in-hand with direct access to market analysts so you can get information on market movements in real-time.

The one-to-one coaching sessions help you improve your technical analysis skills and tools, such as Market Geometry, Ichimoku, and Price Action. These sessions can also help develop trading psychology or risk management. VIPs can contact their Account Manager for a current list of available trainings.

XTB Trading Platforms

The Online Personal Wealth Awards named the XTB platform the “Best Trading Platform 2020.” The platform provides clients with live market commentary as well as an economic calendar. There is an ultra-fast execution speed and access to advanced chart trading tools. You can use XTB on any device, including your desktop, laptop, tablet, or smartphone.

There are two platform choices with XTB: xStation 5 and MetaTrader4.

xStation

xStation 5 is the award-winning platform from XTB. It’s simple to use and has superior execution speeds. This platform includes a trading calculator, advanced chart trading, trader statistics, advanced technical analysis, bulk order closing, Trader’s Talk, market sentiment, top movers, and equity screener.

xStation 5 is available for desktop devices, tablets, mobiles, and even smartwatches. The desktop version is fully functional and is the fastest version of the platform. The tablet application maximizes the tablet device version’s interface and delivers full trade management along with powerful tools.

Like the desktop version, it offers bulk order closing, complete trade management, and interactive charts that include technical indicators.

The mobile version is incredibly popular, with over 50% of XTB clients actively using it. It is filled with powerful tools and features, including complete trade management, the interactive charts, the technical indicators, and bulk order closing. The smartwatch application lets you trade the markets in just a few taps and it works with both Android and iOS smartwatches. The interface is simple to use, and you can trade and manage your orders right from your smartwatch.

MetaTrader 4

MetaTrader 4 is the most popular trading platform in the industry, providing XTB clients with all the benefits of a well-loved and easy-to-use platform. There is a vast array of analytical tools built right in as well as the ability to add automatic strategies, indicators, and oscillators.

One special feature of MT4 is the ability to optimize technical trading via powerful pattern recognition. This tool lets you spot trends that are just emerging so you can define the exit and entry points as well as set the profit taking and stop loss levels.

With a one-click dealing system, entering and exiting trades is quick and efficient. MT4 also has a strategy tester and a great deal of experience.

MetaTrader 4 is available for desktop, tablets, and mobile devices. The desktop version is full of features. The tablet version lets you have full control and management over your open transactions. The mobile version is available for both iOS and Android and lets you trade anywhere at any time. It includes intuitive abilities to execute transactions and analyze market trends.

Order Types

Those who trade on MetaTrader 4 with their XTB accounts can choosing from Buy Stop, Sell Stop, Sell Limit, and Buy Limit pending orders. There is also the ability to open a trade with an instant order. xStation also lets you make Stop Loss and Take Profit orders to make the most from your trades.

How Do You Trade with XTB?

The specific steps to trading with XTB will depend on the platform you use. With MetaTrader 4, you can open a trade by using the Market Watch window found along the platform’s left-hand side. Alternately, you can press the F9 button on your keyboard or go to the “tools” tab by the platform’s top menu. After this initial step, just fill in the relevant information for your trade and submit the information.

There are also three methods of placing a trade using xStation, all of which are simple and intuitive. You can do so via the Market Watch window, which opens when you click on the name of a market.

This window features a built-in calculator so you can view things such as commission, pip value, spread in pips and its monetary value, and daily swap points. You can also trade via the chart; specifically, look for the top left-hand corner where you will see buy and sell buttons plus the ability to modify the quantity.

Finally, you can opt to use the three-click trade functionality. When on the market you want to trade, select the “Place pending order on Chart” icon. Now, you can click where you want to trade on the chart, followed by where you would like to put the stop loss and then your profit target. This will give you a new deal ticket and you just have to select Buy or Sell.

XTB Trading Tools

One unique feature of XTB is that it provides clients with detailed live trader performance statistics. These statistics can be incredibly useful in terms of seeing areas for improvement and areas in which you are doing well.

The broker also offers a Trader’s Calculator that is designed to help you calculate your trade based on your reward and risk. This feature is built into xStation 5 and determines your potential loss or profit based on stop loss, limit order, and lot size. The calculator is designed to assist with risk management.

xStation 5 also includes advanced chart trading, letting you trade right from the charts and take advantage of pending orders, take profits, stop losses, and market orders. xStation 5 also includes advanced technical analysis via technical indicators such as RS, Moving Averages, Fibonacci Retracement, and others.

The bulk order closing trading tool lets you use a single click to close all losing or winning trades, limiting losses or locking in profits. The equity screener on xStation 5 lets you filter out stocks via an advanced screener to make it easier to find the best trading opportunities.

Those who trade with MetaTrader 4 get access to the Strategy Tester. This lets you test and optimize your EAs. Thanks to this trading tool, you can back test every strategy across your intervals and market assets to discover which solution works best. The results from Strategy Tester are extensive and divided into three tabs for thoroughness.

If you use MetaTrader 4, you will also have access to the MQL programming language, which lets you program and edit technical analysis tools. If you prefer not to create your own code for technical analysis tools, MT4 also includes access to the MQL4 community, which lets you share and/or download the tools, signals, and scripts or simply share strategies.

It is also possible to add technical analysis tools to MT4 without any use of MQL by downloading and saving a tool in the appropriate spot. You can find detailed information on this process in the XTB FAQ section.

MT4 also includes multiple other tools to assist you with trading, including the ability to create price alerts. MetaTrader also provides access to technical tools like Gann-based tools and Fibonacci indicators, as well as your choice of charts, including candlestick, bar, and line. It also has various oscillators and indicators like Stochastic Oscillator, RSI, MACD, and Moving Averages.

XTB also features an economic calendar on its website, as well as within the xStation platform, which the company refers to as a market calendar. As expected, this calendar includes a full listing of all the upcoming and current events that can influence the various markets. You can filter the search results by impact and country, or just view the whole thing.

You can also adjust the calendar view between a day, week, month, or a custom length of time. For each event, you will see the date and time, country, economic indicator, impact, period, current, forecast, and previous period.

Market News & Analysis

You can get market news and analysis directly via the xStation 5 platform with Trader’s Talk. This is a live audio feed right in the platform that lets you hear breaking news for real-time market opportunities.

On the XTB website, you will find an entire section dedicated to Market News. Visiting this page will show you the latest relevant information for markets that can be traded on XTB. You can view the headlines or read the specifics. Each article has a quick summary as well as more in-depth explanation, including charts and graphs where useful.

You will find news as well as analysis on this page. Most of the articles are available to anyone, but some are locked and require a login. Any type of XTB account gets full access to the news and analysis section.

XTB Education

To ensure that all clients have the knowledge they need available at their disposal, XTB offers an extensive Education section; this is one of the main navigation tabs on the website. Within the Education section, you can divide the Trading Academy sections up by skill level or topic. The skill levels include Basic, Intermediate, Expert, and Premium.

Basic helps you learn the most important information about the forex market, instruments, and trading platforms and teaches basic trading techniques. Intermediate takes it deeper by teaching fundamental and technical analysis. This is also where clients learn about managing risk and controlling emotions. Expert courses will be available very soon and will focus on advanced tools and techniques, expert trading knowledge, and advanced functions on the XTB platform.

Finally, the Premium section is filled with Premium content and includes tools, tips, and advice from top traders in addition to advanced trading strategies and techniques. You can access most of the educational materials on XTB without logging in or registering, but the Premium section does require you to log in.

If you prefer, you can also browse the courses in the Education section by subject instead of level. This way, you get to choose from an MT4 Tutorial, an xStation Tutorial, an Introduction to CFDs, Fundamental Analysis, or an Introduction to Forex.

At the time of writing, the Basic category has 27 lessons to choose from and covers topics like using specific platforms in great detail, risk management, an introduction to types of charts, resistance and support, trading the trend, why macroeconomics matters, global sessions, and more. There are 15 Intermediate lessons at the time of writing, including more advanced how-tos on specific platform features, market sentient and positioning, stocks, cryptocurrencies, intermarket correlation, and more.

There is also a useful search feature on the Education page so you can easily find a topic that you wish to learn more about.

Depending on the language and region you choose when viewing the XTB website, you will also notice live webinars. These allow you to connect with XTB’s market experts and learn or review skills from the comfort of your home.

XTB FAQ Section

Like most brokers, XTB has a FAQ section, also known as its Knowledge Base. Unfortunately, at the time of writing, the FAQ section does not information on the International Page. It is labeled as “Soon” with categories for Our Platforms, Your Account, and Trading Glossary. While the FAQ section will likely be useful in the future, the lack of content at the moment is a significant disadvantage for XTB over other trading platforms.

Without FAQs in place, the chances of needing to contact customer support to understand a process or resolve a minor issue increases. This may be a hassle for clients and likely also increases the wait times for support as more people contact support for minor issues.

In the meantime, we suggest that if you cannot find an FAQ section with information on the XTB website dedicated to your region, that you visit that of another region. The version of XTB targeted towards United Kingdom clients in English, for example, currently has a reasonably detailed FAQ section with a total of 31 categories and 51 topics.

XTB Affiliate Program

XTB offers both an affiliate program and an Introducing Broker (IB) program. With the affiliate program, you get marketing tools from XTB that you can use to advertise on your platform or website.

Visitors get redirected to XTB via a unique link. You can then earn money for successful referrals, doing so on a monthly basis. This method can earn you as much as $600 per trader.

The Introducing Broker program acts as a partnership. You refer your clients to XTB and they open up and account and start trading. You will then receive a commission based on the trading volumes that your clients generate.

XTB Customer Support

The client support from XTB is very highly rated, having earned a five-star rating from its clients. Part of this is due to the friendly, prompt service, while another aspect is XTB’s previously mentioned desire to build long-term relationships with its clients. The support team is available 24 hours a day Sunday through Friday. This makes it easy to get help exactly when you need it.

The fact that everyone gets their own personal account manager is also incredibly useful as this allows for personalized service and a simple point of contact.

Is XTB Safe?

Since XTB is regulated, you can rest easy knowing that the broker holds all of its retail clients’ funds in a segregated account. This means that those funds never mix with the broker’s own funds. There are also additional measures in place, such as storing the funds in ring-fenced accounts separate from those of XTB. The use of segregated funds for client funds ensures that if something happens to XTB and the broker must file for bankruptcy, the client funds cannot be considered recoverable assets by XTB’s general creditors. Instead, the funds would have to be returned to the clients.

In the case of XTB clients in the United Kingdom who sign up via the UK version of XTB, there is additional fund protection via the Financial Services Compensation Scheme. This scheme, known as FSCS, provides insurance of up to £50,000 per person if the unlikely scenario occurs and XTB becomes insolvent.

XTB Security

All personal information that you submit to XTB remains safe with the company. All of the data passes through a secure SSL connection to prevent hackers from gaining access to it. Due to XTB’s regulation and authorization from various financial organizations around the world, you can count on the broker to maintain the highest level of security.

Competitors

XTB is in competition with similar brokers which have covered before, as follows:

XTB Awards

Over the 12 years that XTB has served traders, it has earned numerous awards and honors. Both Forbes and Bloomberg have praised the broker. It has also earned honors from M&A Today Global Awards 2020 and AtoZForex.com’s 2020 Forex Awards. In 2020, XTB was the Wealth & Finance Highest Rated FX/CFD Broker for the Global Excellence Awards.

XTB won an Online Personal Wealth Award in 2020 as well as a runner up. It also received honors at the World Finance Exchange Brokers Awards in 2020. Also in 2020, XTB earned the title of Bester Forex Broker (Best Forex Broker) from the Leser Award. In 2020, XTB earned honors for being a Forex Broker and CFD Broker from.

Conclusion

XTB is an international online broker with 14 years of experience. The broker now operates offices in 10 countries worldwide and offers clients access to thousands of instruments to trade. XTB has gained an excellent reputation for it’s high quality platform, fast order executions & transparency. Add in the fact it is a highly regulated and publicly traded company, you can trade with them with confidence.

There are multiple account types, including a swap-free Islamic account, and various service levels to accommodate the needs of various traders. XTB has its own trading platform, xStation, or works with MetaTrader 4 for those who prefer something familiar. xStation itself is a very well built piece of software which you can use on web, mobile or with the desktop downloadable app.

XTB is regulated by multiple international organizations, providing clients with peace of mind. The broker is simple to use, has good customer service, and offers a very nice selection of educational tools.

If you are looking for one of the best brokers, we highly recommend you try out XTB.

79% of retail investor accounts lose money when trading CFDs with XTB Limited.

XTB Review

Damyan Diamandiev
Contributor, Benzinga

1 Minute Review

X-Trade Brokers (XTB), a leading online trading broker based in London, offers a physical presence in 11 other countries. It was established in 2002 in Poland and is therefore publicly traded on the Warsaw Stock Exchange.

XTB is highly regulated by the largest financial entities such as the Financial Conduct Authority (FCA) and offers tradable assets including forex trading, indices, commodities, stocks, ETFs and cryptocurrency pairs. Its two platforms sync with all computer devices and provide a flexible trading environment. XTB is famous for its low fees, fast order execution and has won multiple international awards.

Best For

  • Beginner traders
  • Advanced traders
  • Active traders
  • Forex programmers (MT4)
  • Highly regulated
  • Publicly traded
  • 2,000+ tradable assets
  • Tight spreads
  • 1-on-1 training and education
  • High-quality research
  • High-quality support
  • Not accepting U.S. clients
  • Minimum deposit of $250, £250 or €250

XTB is established in 2002 and it currently operates as one of the largest brokers listed on a stock exchange. It’s known for high-quality research, transparency, and fast order execution. XTB gives you exposure to many markets and tradable assets on highly competitive rates.

Table of contents [ Hide ]

Who’s XTB For?

XTB is a great trading partner for beginning and advanced traders who are looking for transparency and excellent trading conditions. The platform xStation 5 makes XTB a suitable solution for active traders. Since the company offers MetaTrader 4 trading, it is also a good fit for forex programmers and high-frequency traders. XTB is currently available in the following countries: France, Germany, Ghana, Indonesia, Netherlands, Nigeria, Malaysia, Portugal, Russia, South Africa, Thailand, Ukraine, United Arab Emirates, and the United Kingdom.

XTB’s Platform and Tools

XTB offers two platforms for trading: its own xStation 5 and the biggest retail trading platform, MetaTrader 4.

xStation 5

The award-winning xStation platform has an outstanding, easy-to-use order execution and includes a trading calculator and advanced tools for technical analysis. You can access xStation 5 via:

  • Web browser
  • Desktop
  • Tablet
  • Smartphone
  • Smartwatch

xStation 5’s friendly layout allows you easily to switch between charts. You can open and close trades with a single click. The platform offers a rich set of analytical tools and market research elements. It also contains a tab that contains your trading performance statistics. You can also create your own personalized market watch view for easier access to the assets that interest you. The bottom panel lets you easily manage your trades. You can open and close trades, set pending orders, control stop-loss orders, monitor your trade history or your cash operations. xStation 5 was also awarded “Best Trading Platform” in 2020 by the Online Personal Wealth Awards. The platform has a rapid order execution of 85 milliseconds and no requoting.

MetaTrader 4

MetaTrader 4 is the biggest retail trading platform in the world, though it might offer a steep learning curve for beginners. The platform is rich on trading indicators and analytical tools to improve your forex trading strategies , as well as a programming element for automated trading. If you are a programmer, you can create your own custom indicators or robots that will trade automatically for you, or you can hire a programmer to do it for you. Another great feature of the MetaTrader 4 platform is its ability to test your trading strategy so you can see when your strategy needs further optimization. You can access MetaTrader 4 via:

MetaTrader 4 has the potential to be fully customized. If an indicator is missing, you can build it or easily download it. You can customize the indicators if you have coding experience and can download and save trading templates with just a few clicks.

XTB’s xStation 5. Source: XTB.com

XTB’s xStation 5. Source: XTB.com

XTB’s MetaTrader 4. Source: XTB.com

XTB’s Research Offerings

The research offerings at XTB are on a world-class level. xStation 5 supports various research tools:

  • Trader statistics
  • Trading calculator
  • Latest market news
  • Market analysis
  • Audio feed
  • Market sentiment
  • Equity screener
  • Top market movers
  • Economic calendar

In addition, XTB has a comprehensive education section, its “Trading Academy.” It has four subdivisions, depending on your level of knowledge:

The academy includes a trading library, which is handy for newbie traders. Live webinars are frequently hosted by XTB as well. XTB’s research team was awarded Bloomberg’s Top FX Forecasts for Q2 and Q3 of 2020. XTB exceeded the performance of all investment banks in the sector.

XTB’s Commission and Fees

XTB offers both Standard and Pro account types. Each has different trading conditions and fees.

Standard Account and Pro Account Fees

Standard Account Pro Account
Minimum Spread 0.35 pips 0.28 pips
Maximum Leverage 1:30 1:30
Forex No commission Commission from £2.50 per lot
Indices No commission Commission from £2.50 per lot
Commodities No commission Commission from £2.50 per lot
Stock CFDs Commission from 0.8% per lot Commission from 0.8% per lot
ETFs Commission from 0.8% per lot Commission from 0.8% per lot
Cryptocurrency No commission Commission from £2.50 per lot

Islamic Account Fees

XTB offers an Islamic account solution for its Arabic subdivision. This account type has no swaps.

  • FTSE spread: 0.08%
  • GBP/USD spread: 0.01
  • Oil spread: 0.03
  • Stocks spread: 0.2%

Forex

  • GBP/USD spread: 0.01
  • EUR/USD spread: 0.2
  • EUR/GBP spread: 0.1

Loyalty Rewards

XTB offers various loyalty rewards. You can enjoy cashback transfers relative to your trading amounts and lower spread groups. Another loyalty reward is XTB’s private WhatsApp group, where you can get real-time notifications from XTB’s trading team. If you refer a friend, you get a $1,000 bonus (non-EU). XTB also has one-on-one mentorship programs for its most loyal clients. The XTB team conducts these programs on a regular basis.

XTB’s Security

The company protects its clients’ accounts up to £50,000 through the Financial Service Compensation Scheme (FSCS) in case it fails to meet its financial obligations. XTB holds its client’s funds in a separate account. In 2020, XTB added extra licenses to its regulatory portfolio:

An extra license from South Africa is currently pending.

XTB’s Customer Support

XTB’s customer support is available through phone, email and live chat 24/5 and follows strict key performance indices to pursue higher client satisfaction. The highly-qualified support team can help and lead you through different operational procedures and answer basic trading questions such as:

  • Account opening
  • Depositing funds
  • Withdrawing funds
  • Software functionality
  • Benefit systems

XTB’s Tradable Asset Classes

XTB supports a wide range of tradable assets – more than 2,000, including currency pairs, stock CFDs, indices, commodities, ETFs and cryptocurrencies.

Forex Stock CFDs Indices Commodities ETFs Cryptocurrency
50+ currency pairs, including all majors 1,500+ shares of companies in the U.S., U.K., Spain, Switzerland, Portugal, Spain, Poland, Finland and France 20+ global indices Major commodities, including oil, gold, silver, wheat, coffee, copper and platinum Through Vanguard, iShares, Invesco, and others Bitcoin, Ethereum, Litecoin, Ripple, and others

XTB’s Ease of Use

XTB’s main goal is to make financial markets accessible for every type of trader from new traders to professionals. This is why it supports a friendly interface at its xStation 5 platform. The platform is modern and intuitive and contains a rich set of analytical and research tools, which you can shift with a single click.

Account Opening

The registration process might be a bit heavy, but this is absolutely standard for every regulated broker on the market. The account-opening procedure happens through an online form, which you can get from every “Create Account” button on its website. First, it’ll ask you to fill in some personal information, then you choose the account you want to open (Standard or Pro), the platform (xStation 5 or MetaTrader 4) and the currency type. The registration process comes with some regulatory questions, standard for determining your financial condition and whether you can afford to trade. The account opening ends the verification of your account. You need to provide an identification document like passport or ID before you can deposit your funds and start trading. If you don’t feel ready to trade with real money, you can practice on a demo account. The process of getting a practice account is easier.

Deposit Funds

You can deposit funds to your account by clicking the button at the top of XTB’s website. The company supports various deposit methods:

  • Bank transfer
  • Credit and debit cards: Mastercard, Maestro, or Visa
  • e-Wallets: PayPal or Skrill

Source: XTB.com

This makes the deposit process very easy. Notice that XTB will not charge you a deposit fee but the entity you use to make the deposit could charge you.

Withdraw Funds

To withdraw funds, you first need to confirm a bank account by providing a valid bank statement not older than three months. You can withdraw funds from your account at any time by selecting the trading account from which you want to get funds. Then, select the amount and put in your bank account number. Joint bank accounts can work neither for deposits nor for withdrawals. If you withdraw funds in a bank account with a different currency, the funds will automatically convert based on the HSBC exchange rate.

Final Thoughts

Your broker choice is crucial for your trading success and you need to do your research with due diligence. If you are looking for a forex broker, you should definitely consider XTB if you are located in one of the countries it supports. Fortunately, XTB is a reputable broker with transparent trading conditions, which is likely to bring your trading experience to the next level. Its awards prove its standing as one of the most-desired trading solutions, but most importantly, XTB is one of the most highly-regulated providers, which definitively ensures your security.

XTB Review 2020

Summary

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

We selected XTB as Best CFD broker for 2020, based on an in-depth analysis of 57 online brokers that included testing their live accounts. Check out the complete list of winners.

XTB pros and cons

XTB charges low fees for forex and stock index CFDs. The deposit and withdrawal service is fast and free, and you can use multiple options, including credit/debit cards or electronic wallets. Account opening is also fast and user-friendly.

On the negative side, the fee charged for stock CFD trading is high. XTB has a limited product portfolio, covering mostly CFDs and FX, although real stocks and ETFs are also available for some European clients. Additionally, we didn’t receive answers to our questions in email from XTB customer support.

Pros Cons
• Low forex and stock index CFD fees • High fee for stock CFD
• Free and fast deposit and withdrawal • Limited product portfolio, mostly CFD and FX
• Easy and fast account opening • Poor email support
XTB main features and highlights
��️ Country of regulation UK, Poland, Cyprus, Belize
�� Trading fees class Low
�� Inactivity fee charged No
�� Withdrawal fee amount $0
�� Minimum deposit $250
�� Time to open an account 1 day
�� Deposit with credit card Available
�� Depositing with electronic wallet Available
�� Number of base currencies supported 4
�� Demo account provided Yes
��️ Products offered Forex, CFD, Crypto, Real stocks and ETFs only for some European clients

Gergely Korpos

Author of this review

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

XTB review
Fees

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.

Pros Cons
• Low trading fees • High stock CFD fees
• Low non-trading fees
• No withdrawal fee
XTB fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Low The fees are built into spread, 0.6 is the average spread cost.
Europe 50 CFD Low The fees are built into spread, 2.2 is the average spread cost.
EURUSD Low €3.5 /£2.5 /$4 per lot for PRO accounts
Inactivity fee Low No inactivity fee

We ranked XTB’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of XTB for each asset class. For example, in the case of forex and stock index trading, spreads, commissions and financing rates are the most important fees.

We also compared XTB’s fees with those of two similar brokers we selected, IG and eToro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of XTB alternatives.

To have a clear overview of XTB, let’s start with the trading fees.

Trading fees

XTB has low trading fees. Both forex and CFD fees are low.

How you pay fees is different based on account type. At a standard account you pay only spreads, while at Pro accounts you will pay commissions in addition to the market spreads, i.e. the interbank spreads. We reviewed the Pro account.

We know it is hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments within each asset class:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone
  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used is:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let’s see the verdict for XTB fees.

CFD fees

XTB has generally low CFD trading fees.

CFD fees for a $2,000 long position held for one week

XTB IG eToro
S&P 500 CFD benchmark fee $2.0 $2.1 $2.4
Europe 50 CFD benchmark fee $2.2 $1.6 $2.7
Apple CFD benchmark fee $17.9 $31.9 $6.3
Vodafone CFD benchmark fee $20.9 $25.7

The commission at Pro accounts is $4/€3.5/£2.5 per lot (100,000 units in the relevant currency) for stock index CFDs, while it amounts to 0.08% of the trade value, or minimum $8/€8/£8, for stock and ETF CFDs.

Forex fees

XTB’s forex fees are low. Compared to IG and eToro, XTB has lower forex fees for the main currency pairs.

Forex benchmark fees of a $20,000 30:1 long position held for one week

XTB IG eToro
EURUSD benchmark fee $15.0 $16.9 $19.6
GBPUSD benchmark fee $11.1 $15.1 $16.2
AUDUSD benchmark fee $10.0 $14.1 $12.4
EURCHF benchmark fee $6.6 $6.9 $11.8
EURGBP benchmark fee $9.9 $11.1 $19.9

Similarly to stock index CFDs, the commission at Pro accounts is $4/€3.5/£2.5 per lot (100,000 units in the relevant currency) for forex.

Real stock and ETF fees

For European clients under the Polish entity, real stocks are also available.

The real stock fees are average, higher than eToro’s commission-free stocks, but less than IG’s real stocks.

Stock and ETF commission of a $2,000 trade

XTB IG eToro
US stock $10.0 $15.0 $0.0
UK stock $10.0 $9.6 $0.0
German stock $8.8 $11.0 $0.0

The commission on real stocks is 0.08-0.12% of the trade value, with a $8-10 minimum.

Non-trading fees

XTB’s non-trading fees are low as well. There are no inactivity or account fees. There is also no withdrawal fee if you withdraw amounts above $100.

The conditions may vary from country to country. For example, at the UK entity, there is no account fee, while for Polish clients there is. The withdrawal fee depends on the base currency of your account.

XTB non-trading fees

XTB IG eToro
Account fee No No No
Inactivity fee No Yes Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $25

XTB review
Account opening

XTB’s account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.

Pros Cons
• Fast None
• Fully digital
• Low minimum deposit

Can you open an account?

Visit broker
75% of retail CFD accounts lose money

XTB accepts customers from all over Europe and from most countries around the world.

What is the minimum deposit at XTB?

The required minimum deposit can differ from country to country. For example, the minimum in the UK is $250 , while there is no minimum deposit for clients in other European countries. Ask customer service about the minimum required balance for your country before you open an account.

Account Types

There are two account types at XTB, which have different fee structures:

  • Standard account: wider spreads, but no commission
  • Pro account: tighter spreads, but there is a commission

We tested the Pro account. On some pages on XTB’s website you can find information about Basic accounts, but this is a legacy account type that you can’t open anymore.

If you are outside of Europe you can also open an Islamic account in addition to the above-mentioned account types. This account type is compliant with Islamic law and doesn’t charge any swap fees.

How to open your account

XTB’s account opening is fully digital, fast and straightforward. Filling out the forms and submitting all the documents takes around 30 minutes. After that, your account will be verified within a day.

The 5 steps of XTB account opening:

  1. Provide your email address and country of residency.
  2. Add some personal information, like your date of birth and address.
  3. Select the trading platform, account type and account base currency.
  4. Answer questions about your employment status, financial status and trading experience.
  5. Activate your account by verifying your identity and residency.

Some European clients can verify their identity via video, which is great.

If video verification is not possible, in order to verify your identity you have to upload a photo or scanned copy of your photo ID, passport or driver’s license. Utility bills and bank statements are accepted for proof of residency.

XTB review
Deposit and withdrawal

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.

Pros Cons
• Credit/Debit card available None
• Free withdrawal
• No deposit fee

Account base currencies

XTB’s account base currency selection covers the major currencies, like USD, EUR and GBP. Some other minor currencies might be available, too. For example, we could open our account in HUF as well.

This selection of account base currencies is average compared to similar brokers.

Base currencies at XTB vs similar brokers

XTB IG eToro
Number of base currencies 4 6 1

Why does this matter? For two reasons. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee.

A convenient way to save on currency conversion fees is opening a multi-currency bank account at a digital bank. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fee and options

XTB charges no deposit fees. The electronic wallets, such as Paypal and Skrill charge 2% of the deposited amount, which is quite high.

There are a lot of transfer options:

  • Bank transfer
  • Credit/Debit card
  • PayPal
  • Skrill
  • BlueCash*
  • PayU*
  • SafetyPay**

*available only at accounts under the Polish entity

**available only for clients outside of Europe

XTB deposit options

XTB IG eToro
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

A bank transfer can take several business days, while payment with credit/debit cards and electronic wallets is instant. You can only deposit money from sources that are in your name.

Withdrawal fees and options

XTB charges no withdrawal fees if the amount is above $100. The only way to withdraw money is by bank transfer.

XTB withdrawal fees and options

XTB IG eToro
Bank Transfer Yes Yes Yes
Credit/Debit card No Yes Yes
Electronic wallets No No Yes
Withdrawal fee $0 $0 $25

If you withdraw an amount below the determined threshold, XTB charges a high fee:

XTB withdrawal fees (free above threshold)

XTB review
Web trading platform

XTB’s xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.

Thresholds for small withdrawals Withdrawal fee
Pros Cons
• User-friendly • No two-step (safer) login
• Clear fee report
• Good search function
XTB platforms to choose from
Trading platform Score Available
Web 4.4 / 5 stars Yes
Mobile 4.3 / 5 stars Yes
Desktop 4.4 / 5 stars Yes

You can choose between two trading platforms:

  • xStation 5, XTB’s own trading platform
  • MetaTrader 4, a third-party tool

In this XTB review, we tested the xStation 5. This trading platform is available in many languages:

XTB web trading platform languages

Arabic Bulgarian Chinese Czech English
French German Hungarian Italian Japanese
Polish Portuguese Romanian Russian Slovenian
Spanish Thai Turkish Vietnamese

Look and feel

At first glance, xStation 5 might appear like a platform designed for professional users, but as you start to use it you will find it well-designed and user-friendly, and you will be able to use it with ease, even if you are a starter.

You can easily customize the web trading platform.

Login and security

There is only a one-step login. A two-step login would be more secure.

Search functions

The search function is good. There are different ways you can search for an asset by clicking on ‘Market Watch’:

Type the name of the product in the search bar.

Browse the various categories and product types. For example, if you want to trade with a US stock CFD, you just click on the stock type and select the US.

Placing orders

You can use these order types:

If you are not familiar with the basic order types, read this overview.

There is also one order time limit you can use: Good ’till Time (GTT).

A useful feature of the platform is the trader calculator, which helps you to calculate the margin, the commission and other important parameters for trades.

Alerts and notifications

We liked the ease of setting alerts and notifications. You can set up email, SMS and push notifications for important events such as margin calls, deposits and withdrawals, your closed/open positions and other features.

Portfolio and fee reports

The platform has clear portfolio and fee reports. You can find them under the ‘History’ tab, with the profit/loss of your positions. Daily email reports are also available.

Visit web platform page
75% of retail CFD accounts lose money

XTB review
Mobile trading platform

The XTB mobile platform has a good search function with a modern design. On the other hand, there is no two-step authentication.

Pros Cons
• User-friendly • No two-step (safer) login
• Price alerts
• Modern design

Both xStation 5 and MetaTrader 4 have mobile platforms on iOS and Android. You can also use an Apple Watch. Similarly to the web trading platform, we tested xStation’s mobile application and we used an Android device.

The mobile trading platform is available in the same languages as the web trading platform.

Look and feel

XTB’s mobile trading platform is user-friendly and well-designed. You can easily find every important feature.

Login and security

The application provides only a one-step login. A two-step login would be more secure.

If you use an iOS device, you can set fingerprint authentication. However, this feature is not available on Android devices.

Search functions

xStation’s search function is great. You can type the name of the product in the search bar or just browse the different categories.

Placing orders

You can use only basic order types:

There is also one order time limit you can use: Good ’till Time (GTT).

Alerts and notifications

You can set a lot of different types of alerts and notifications, including price alerts or notifications about important market news.

Visit broker
75% of retail CFD accounts lose money

XTB review
Desktop trading platform

XTB’s xStation 5 platform has a desktop version as well. In functionality and design, it’s completely the same as the web trading platform.

Pros Cons
• User-friendly • No two-step (safer) login
• Clear fee report
• Good customizability (for charts, workspace)

Visit broker
75% of retail CFD accounts lose money

XTB review
Markets and products

XTB’s product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.

XTB is primarily a CFD and forex broker. To learn more about CFDs, read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

XTB’s CFD selection is better than eToro’s but not as competitive as IG’s.

XTB product selection

XTB IG eToro
Currency pairs (#) 49 95 47
Stock index CFDs (#) 42 68 13
Stock CFDs (#) 1,700 10,500 1,900
ETF CFDs (#) 103 1,900 145
Commodity CFDs (#) 18 47 6
Bond CFDs (#) 3 13
Cryptos (#) 25 8 17

You can’t change the default leverage level of the products. This is a drawback, as we believe this is an important factor you should be in control of.

Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. For example, instead of trading with 5:1 leverage, only trade with 2:1 leverage in case of stock CFDs. Be careful with forex and CFD trading, as the preset leverage levels are high.

Real stocks and ETFs

Trading real stocks and ETFs is available for European clients, except for the UK, Cyprus, Hungary and Italy. The stock product selection is great, while the number of ETFs is low.

XTB IG eToro
Stock markets (#) 17 8 16
ETFs (#) 170 2,000 145

XTB review
Research

XTB’s research tools are user-friendly. There are a lot of tools that help you to select instruments to trade, and the news flow has some trading idea recommendations too. However, detailed fundamental data is not available.

Pros Cons
• Good interactive chart • Limited fundamental data
• Quality news flow
• User-friendly

XTB’s research tools come from two sources:

  • The xStation 5 trading platform.
  • The XTB website, under the ‘Market Analysis’ section.

Research tools are available in a lot of languages, such as English, Arabic, or Chinese. However, when we set the platform’s language to English, we still got the news commentary in our own language.

Trading ideas

XTB provides a few trading ideas, which can be found in the news flow. These trading ideas are usually short-term and based on technical tools.

However, these trading ideas are not structured. For example, when you search for trading ideas about a specific asset, you get a lot of search results and it’s not easy to find the right one.

Fundamental data

You can only find limited fundamental data. There are a few basic facts, such as the P/E ratio or debt/equity ratio. You can’t access financial statements or operational metrics.

Charting

XTB has good charting tools. You can easily edit and save the charts. You can use 35 technical indicators, which is in the mid-range compared to other brokers.

News feed

The news is provided by XTB’s own research team, which was voted the Best EMEA FX Forecaster by Bloomberg in 2020 Q2 and Q3. The news is a mix of recommendations, data releases from the economic calendar, trader’s talks and brief messages about current market developments.

By using the economic calendar, you can see the upcoming events. When you select an event, you can read a short summary and check the historical data.

Other research tools you will enjoy

The ‘Market sentiment’ feature shows the percentage of the clients’ long and short positions. Another tool, the ‘Heatmap,’ visualizes winners and losers.

The ‘Stocks scanner’ uses 15 factors to filter stocks you want to trade with, including market capitalization, P/E, beta and debt-to-equity ratio.

Another useful tool is the ‘ETF scanner.’ This is very similar to the stock scanner, providing 10 filters such as cumulative return or the assets’ total value. When we tested this tool, only three ETFs were visible and the filters we tried to change were not always working.

More research info
75% of retail CFD accounts lose money

XTB review
Customer service

XTB’s phone and live chat support are reliable and fast, and you can contact them in many languages. On the down side, e-mail support doesn’t reply and the customer service is available only 24/5 for European clients.

Pros Cons
• Phone support • No 24/7 support
• Live chat • Poor email support
• Fast response time

You can contact XTB via:

You can reach customer service in many languages, including some minor ones like Hungarian or Romanian.

XTB’s live chat works well. We tested it in multiple languages in several countries. Responses were fast and we got useful answers.

We had a great experience when we tested XTB’s phone support. They answered the phone instantly and we got the relevant answers.

We wrote four emails to XTB but didn’t get any replies, so this is definitely an area with room for improvement.

Clients outside of Europe can reach XTB’s customer support 24/7. For European clients, however, customer service is only 24/5.

Visit broker
75% of retail CFD accounts lose money

XTB review
Education

XTB has a well-organized and clear education section, offering written and video materials, and there are also trading platform tutorials.

Pros Cons
• Demo account None
• Trading platform tutorial
• Educational videos

XTB education materials are varied and of good quality, covering:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality ebooks and educational articles

We liked the structure of educational texts as they can be categorized by the user’s trading experience as well as different subjects. The texts are high quality, understandable and logically structured. At the end of the lessons, you can fill out quizzes. This is a great feature that is not usually offered at other brokers.

In April 2020, XTB held a unique educational event called Global Online Trading Masterclass. The event was live-streamed and participants could listen to classes by many trading experts.

You can also watch educational and trading platform videos integrated into the texts on the XTB website. The broker occasionally offers live webinars as well.

Open demo account
75% of retail CFD accounts lose money

XTB review
Safety

XTB is regulated by several financial authorities globally, including the top-tier FCA. The company is listed on a stock exchange and discloses its financial statements regularly, but on the negative side, it does not have a banking license.

Pros Cons
• Listed on stock exchange • Does not hold a banking license
• Negative balance protection
• Some clients regulated by top-tier FCA

XTB is based in Poland. It is a global broker established in 2002 serving clients around the world, and has offices in more than 10 countries.

Is XTB regulated?

It is regulated by several financial authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Polish Financial Supervision Authority (KNF) and the International Financial Services Commission of Belize (IFSC).

Is XTB safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

In Europe, XTB operates through two major legal entities, XTB Limited and X-trade Brokers Dom Maklerski SA. This is important for you because the investor protection amount and the regulator differs from entity to entity.

Here’s a handy summary table for easy comparison:

XTB legal entities

Client country Investor protection amount Regulator Legal entity
United Kingdom £85,000 Financial Conduct Authority (FCA) XTB Limited (UK)
Italy, Cyprus, Hungary €20,000 Cyprus Securities and Exchange Commission (‘CySEC’) XTB Limited (CY)
Other European clients €20,100* Polish Financial Supervision Authority (KNF) X-Trade Brokers Dom Maklerski SA
Clients outside of Europe (except China) No protection International Financial Services Commission of Belize (IFSC) XTB International Limited

*The investor protection amount is 100% up to €3,000, 90% up to €22,000, for total max. compensation of €20,100

XTB provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.

Background

XTB was established in 2002. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

XTB is listed on the Warsaw Stock Exchange, which is a big plus for safety as XTB releases financial statements regularly and transparently.

Being listed on a stock exchange, being regulated by financial authorities and providing financial statements are all great signs for XTB’s safety.

XTB review
Bottom line

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK’s FCA, and it is listed on the Warsaw Stock Exchange.

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

Visit broker
75% of retail CFD accounts lose money

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Like this post? Please share to your friends:
Binary Options Trading Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: