XTB Review

XTB Online Trading is a reliable broker listed on the Warsaw Stock Exchange with a great experience. XTB is one of the first exchanges to introduce Forex trading in Poland.

XTB operates in the UK and Europe and is the fourth largest stock broker. The company was established in 2002, and in 2009 it went public on the Warsaw Stock Exchange under the ticker “XTB”.

The company’s financial statements are public and transparent. The mobile application and web platform are accessible and simple for both beginners and advanced users.

 

XTB is a CFD broker primarily, but also traders from Europe can trade stocks and ETFs without charging commissions.

The headquarters are located in London and Warsaw, and the company also has offices in European countries: Italy, Spain, Portugal, Germany, France, Czech Republic, Slovakia, Turkey, Hungary, Romania, Chile, Belize. XTB offers specialised service and provides round-the-clock customer support.

 

The company’s products	Stocks and ETFs (for some clients from Europe), CFDs (stocks, indices, commodities, cryptocurrencies, forex)
Class of trading commissions	Low
Commission for withdrawal of funds	$0
Commission for inactivity	Yes
The minimum deposit	$0
Time to open an account	1 day
Replenishment of balance by bank card	Yes
Replenishment from electronic wallets	Yes
Trading platform	xStantion5, MT4
Demo account	Yes
Country of regulation	Great Britain, Poland, Dubai, Cyprus, Spain, Belize
Leverage	1:30
Regulation	FCA, FSC, CNMV, KNF

 

Regulation and security

XTB follows all requirements, has licenses, in particular FCA, the highest level license held by low risk trading brokers.

XTB clients can be assured of a high degree of protection for their trading.

XTB is a brokerage company in Europe that has the highest level FCA registration, which gives it the right to be called a low-risk trading broker.

 

XTB licenses

XTB Limited – authorized by FCA (UK), license number 522157

XTB Limited – authorized by KNF (Poland)

XTB Sucursal – authorized by CNMV (Spain)

XTB International Limited (XTB) – authorized by FSC (Belize), license no: 000302/46

 

Protection

Is XTB regulated?

Yes, XTB is regulated by multiple financial authorities, including:

• The UK’s Financial Conduct Authority (FCA)

• The Cyprus Securities and Exchange Commission (CySEC)

• The Polish Financial Supervision Authority (KNF)

• The Dubai Financial Services Authority (DFSA)

• The International Financial Services Commission of Belize (IFSC)

 

Is XTB safe?

To ensure a brokerage’s safety, we recommend verifying two key aspects:

1. Your protection in case something goes wrong
2. The broker’s background

 

Trade safe with XTBTrade safe with XTB

 

How you are protected

XTB operates through five different legal entities worldwide. This is crucial because the level of investor protection and the regulator’s identity vary depending on the entity. Here’s a convenient summary table for easy comparison:

 

Pros

The company’s reputation, its extensive experience and reliability, as well as top-level licenses give every reason to consider XTB one of the safest brokers. The client’s account is protected in accordance with all rules and standards.

There is protection against negative balance.

The funds of XTB Limited clients are kept in a separate account, and undergo regular checks for compliance with the FCA license.

There is also FSCS protection of up to £50,000 per person if the company becomes insolvent.

 

Cons 

XTB serves organizations in the offshore zone of Belize, however, this fact does not affect the security of the trading broker as a whole.

Due to the fact that the FCA regulated broker adheres to strict rules governing its activities, XTB has a high reputation and traders can be sure that trading takes place with a high degree of protection.

The only factor that makes it possible to determine the safety of the trading environment is the reputable regulator of the company. The FCA is a reliable and one of the most reputable regulators in the financial sector, thanks to which clients can count on the safety of the funds provided to them.

 

Opening an account

Opening an account is fast and affordable, taking 15 minutes. The account type is standard, it is the only account type at XTB. All trader costs are built into the spread.

In addition, there is an Islamic account for the category of traders who follow Sharia law.

One can easily switch between the demo account and the standard account by paying a fee.

 

Trading instruments

About 1500 world markets Forex, commodities, CFDs on stocks, ETFs, indices.

Trading CFDs on cryptocurrencies is carried out with a leverage of 1:5 and is not available to traders from the UK.

 

Minimum deposit

There is no minimum deposit, a trader can start trading on the platform even with $1.

When opening an account with XTB, a trader chooses one of the base currencies: euro, US dollars, pounds sterling, Polish zloty, Hungarian forint (HUF).

To deposit funds to the trading account, you can use a bank transfer, debit/credit card (without commission) or electronic wallets (SafetyPay, Neteller, Skrill/Paysafe). The commission for using an electronic wallet is 1-2%.

 

Withdrawal of funds

Withdrawals via bank transfers and credit cards are free in euros, US dollars and pounds sterling.

Withdrawals via PayPal and Skrill e-wallets cost 2% of the deposit amount.

Before withdrawing funds from the account, you must fill out an application and choose a bank to transfer funds.

 

Base currencies

Euro, US dollars, pounds sterling.

 

Leverage

For Forex instruments, the maximum leverage level is 1:30, and this is the optimal leverage level to reduce trading risks.

For international clients, higher leverage of 1:500 may be available, please check the official website for details.

For stocks and some other assets leverage is at 1:5 level.

 

Commissions

There are no deposit fees, nor are there any withdrawal fees.

If there is no activity on the account for 1 year, an inactivity fee of 10 euros per month is charged.

At the same time, trading conditions, which are regulated by the FCA and international offers will be different.

Bonuses are available for active traders.

Overnight commission is charged, the so-called funding rate or the cost of the swap.

The commission varies from one currency to another and is charged regardless of the trader’s position.

 

Spreads

The broker offers the lowest spreads and low or no transaction fees.

Typical spreads :

euro/dollar – 0.8 pips.

Gold spread – 35

BTC USD spread – 1%.

WTI crude spread – 4

Overall XTB spreads are low and quite competitive.

 

Pros

• XTB is one of the best Polish forex brokers with extensive experience since 2002. It offers excellent entry and working conditions for users as well as excellent 24/5 customer support.
• Beginning traders can learn with excellent training and research materials.
• The platform is suitable for both day trading and CFD trading.
• User account protection.

 

Cons

• Lack of access to the MT4 platform in some jurisdictions.
• No 24/7 customer support, there is a 24/5
• The broker’s terms and conditions may change according to the regulation and rules of the organization.

 

 

XTB Trading Platforms

XTB has 2 main platforms: its own xStation5 and MetaTrader 4.

The xStation5 platform is excellent and has received many awards for transparency of trading, high speed, excellent charts and real time commentary.

Meta Trader 4 is a widely used international platform but not available in all regions.

 

Desktop platform

Desktop platform has all the necessary workspaces that you can use from your smartphone, laptop, computer desktop, tablet and smart watch. Indispensable for intraday trading professionals.

You can always see information about trading trends and market sentiment on the platform. There is also an option that checks and selects the best stocks.

 

Mobile App

 

The XTB mobile trading app features an efficient search function and a sleek, modern design. However, it lacks two-step authentication.

The xStation 5 mobile platform, XTB’s proprietary platform, is available for both iOS and Android devices, and can also be used with an Apple Watch. Similar to the web trading platform, we tested the xStation mobile app on an Android device.

The mobile trading platform supports multiple languages.

 

XTB’s mobile trading platform is intuitive and well-designed, making it easy to locate all essential features.

 

Login and Security

XTB’s mobile platform only supports one-step login. Implementing two-step authentication would enhance security and should be a priority for the company.

Biometric authentication is available for login, offering a convenient option.

Search Functions

The search functions are effective.

You can either type the product name in the search bar or browse through various categories.

Placing Orders

The mobile trading platform supports the following order types:

• Market

• Limit / Stop

• Stop-loss / Take-profit

• Trailing stop

Additionally, you can set order time limits:

• Good ’til time (GTT)

• Good-til-Canceled (GTC)

Alerts and Notifications
You can configure alerts and notifications on the XTB mobile platform.

Our analysts have personally tested XTB’s mobile app.

 

 

 

 

 

 

DISCLAIMER

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76-85% 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.