XTB Broker review

    • Established for over 20 years
    • Well regulated
    • Company listed on the stock exchange
    • Fund security
    • Excellent for beginners
    • Zero commission account

4.8/5 ratings

Losses can exceed deposit
  • Spreads
  • 1.3
  • No of Users
  • 525,000+
  • Min. Deposit
  • 0
  • Regulation
  • FCA,CMB,BaFin
  • Max Leverage
  • 30:1

Risk Warning: CFDs are leveraged products 73% of traders lose money when trading CFDs with XTB

Introduction to XTB Markets

XTB is one of the leading CFD Brokers today offering an excellent platform for trading CFDs, Forex, Cryptocurrencies & Stocks. It has won numerous awards in previous years for best CFD broker and its state-of-the-art web trading platform xStation5. XTB, like many other online brokers in the market, offer a demo account to practice and familiarise yourself with their platform. However, If you're starting you could consider opening a real live account, the minimum deposit required is £250.

XTB is one of the largest forex and CFD brokers in the world. The company is headquartered in Poland and has offices in over 13 countries including UK, Poland, Germany, France and Chile. XTB has over 495,000 clients from over 50 countries. The company is regulated or licensed in the UK, Poland, Cyprus, Spain, Belize and Dubai. XTB offers a variety of financial products including forex, CFDs on stock indices, commodities, and metals. XTB provides its clients with several trading platforms including its own xStation 5 platforms as well as MetaTrader 4.

XTB offers a wide range of educational resources including trading guides, webinars and video tutorials. The company's website is available in multiple languages including English, French, German, Spanish, Italian, Hungarian, Czech, Polish, and Turkish. XTB is committed to providing its clients with a safe and secure trading environment. The company is a member of the Financial Conduct Authority (FCA) which is one of the most well-respected regulators across the world.

Risk Warning: CFDs are leveraged products 73% of traders lose money when trading CFDs with XTB

You should consider whether you can afford to take the high risk as your capital is at risk.

Spreads & Fees

A ‘Spread’ or otherwise known ‘Bid/Ask Spread’ is the measured difference between the buy and sell price quoted for any trading instrument: whether it be a Forex currency pair, Commodity (Crude Oil), precious metals (Gold), indices, Stocks and Crypto (Bitcoin). It can be interpreted as the cost of trading charged by the broker to traders.

XTB, along with the majority of brokers charge a spread to their clients and that is the reason why the majority of traders choose a broker with low spreads. Spread is reported in PIPs or known as basis points. Spreads can be calculated by spread value in pips × traded lot size.

When trading forex and CFDs, it is important to be aware of the spread. The spread is the difference between a currency pair's bid and ask price. Forex and CFD spreads are the costs associated with trading these instruments. The tighter the spread, the less expensive it is to trade. XTB offers competitive spreads on a variety of currency pairs, with spreads as low as 0.35 pips.

The graphical illustration compares how XTB spreads stack against the combined average spreads of all other established brokers featured on Ekzaga.

XTB hаѕ two diffеrеnt рriсing mоdеlѕ – fixed spread and floating spreads, аlѕо known tо аѕ vаriаblе ѕрrеаdѕ. Users should note that comparing spreads is only noteworthy when wither scalping, holding many positions and invoking on intense day trading. XTB has been dubbed as one of the best UK CFD brokers in the past few years.

As you can see XTB’s forex trading spreads are somewhat in line with its competitors. Even though XTB is not known to have a clear advantage in offering better forex trading spreads its functionality as a platform makes it one of the best CFD brokers in the world. If your beginner trader or someone who swings trades (i.e. holds trading positions for approx. 2-20 days); then this is your broker.

Bаѕеd on thе specific account type you choose, уоu will еithеr bе рriсеd аt a fixеd оr vаriаblе ѕрrеаd. (see xtb’s spreads & fees).

Risk Warning: CFDs are leveraged products 73% of traders lose money when trading CFDs with XTB

You should consider whether you can afford to take the high risk as your capital is at risk.

Spread vs Trader

  • Scalping
  • Intraday Trading- <10 Trades
  • Intraday Trading- 10+ Trades
  • Swing Trading
  • Long Term Trading

xtb
plus-500
avatrade
Overall Trust Score A+A-A+
Years Established 20+ 14+ 16+
Regulatory Authority FCACysec,FCAASiC,BVI,CBI,MiFID
Why Choose?

  • Most exponential grown CFD broker

  • Over 525,000 customers trust XTB

  • 5-star Rating on Trust Pilot

  • Segregated accounts
  • Powerful and user-friendly trading app
  • Superior customer service
  • Excellent for beginners
  • Zero commission account
  • Listed - London Stock exchange

Trading Platforms

XTB's xStation5 platform is designed for ease of use, with superior execution speeds, and provides advanced charting tools with over 80 technical indicators for those more experienced traders. XTB's charting tools are some of the best in the business with multiple drawing tools available. You can also create custom indicators and save your favourite chart setups to use again in the future. Whether you're a seasoned trader or just starting, XTB's platform will have everything you need to make informed and profitable trades. XTB also offers a demo account with their xStation platform so that new traders can practice before risking any capital.

The MetaTrader4 platform is a more universally used and popular platform used by traders all over the world. However, Metatrader4 is not available in all countries. Overall, XTB provides an excellent experience for both beginner and experienced traders.

Fоr those who рrеfеr a wеb based trаding рlаtfоrm, thеrе iѕ the xStаtiоn5 trаding platform. Thiѕ аwаrd winning trаding рlаtfоrm hаѕ bееn rесоgnizеd аѕ being super-efficient with an аvеrаgе trаdе еxесutiоn timе оf 85 milliѕесоnd. xStation 5 is the reason why many traders are switching to XTB-

  1. Easy to use - innovative, intuitive and fully customisable, xStation 5 is a platform that allows you to create a trading screen suited to your style. All your settings, watchlists and workspaces are instantly accessible from your desktop, phone, laptop or tablet.
  2. Advanced Chart Trading - Market orders, stop losses, take profits, pending orders - execute all your trades directly from the charts. Our one-click dealing system gives your trading a more fluid, controlled feel.
  3. Trader Statistics - Analyse yourself as well as the markets with live performance statistics that inform you which markets you’re most successful in, including specific win ratios on your long and short trades

 

Platforms Offered

  • WebTrader
  • MetaTrader 4
  • MetaTrader 5
  • Android App & Tablets
  • cTrader
  • Apple App & Tablets

Accounts Types

  Standard
Min. Deposit $0
Trading Instruments ✓FX ✓Metals ✓Stocks ✓Indices ✓Commodities
Commission Zero
Platform MT4/x Station
Order Execution Market
Base Currency EUR, USD, GBP, HUF

 

XTB generally offers one type of account aside from a professional account (a pro account has certain requirements that you need to meet in order to qualify). The account gives you the added bonus of zero commissions. You can open a demo account to get started, which will allow you to trade with virtual currency. Once you're ready to start Live Account Trading, you can deposit as little as you want as there is a minimum deposit requirement into your account. Islamic accounts are also available, which are designed for traders who want to adhere to Sharia law. These accounts have no rollover fees and offer exemption from overnight interest charges.

Account Types Offered

Demo Micro Standard VIP Islamic Zero Spread Managed

Deposit & Withdrawal

Deposit Methods

 

  Base Currency Fees/Commission Processing Time
Credit Cards
Visa USD, EUR, GBP zero Instant
Mastercard USD, EUR, GBP zero Instant
Maestro USD, EUR, GBP zero Instant
E-Wallets
Skrill USD, EUR, GBP, HUF zero Instant
Bankwire USD, EUR, GBP, HUF  zero 1 - 3 working days

 

Withdrawal Methods

 

  Base Currency Fees/Commission Processing Time
Credit Cards
Visa USD, EUR, GBP zero Within 24 Hours
Mastercard USD, EUR, GBP zero Within 24 Hours
Maestro USD, EUR, GBP zero Within 24 Hours
E-Wallets
Skrill USD, EUR, GBP, HUF zero Within 24 Hours
Bankwire USD, EUR, GBP, HUF  zero 1 - 3 working days

 

When it comes to investing in the financial markets, one of the most important considerations is how you will fund your account. XTB offers a variety of options for depositing funds, making it easy to get started. In addition, XTB takes steps to protect your money, with a client fund protection protocol that ensures your deposits are safe. There are no deposit fees when depositing via credit card or bank transfer, however, there is a 2% fee when depositing via e-wallet (Skrill). When it comes to withdrawals, they offer a convenient and efficient process. Withdrawals are typically processed within 24 hours, and there is no withdrawal fee if you withdraw more than the minimum threshold. The threshold is different depending on what currency you deposit in. The threshold to qualify for free withdrawal is 100 USD, 80 EUR, 60 GBP, and 12,000 HUF. Should you want a withdrawal less than the threshold amounts then there is a fee charged, which is 20 USD, 16 EUR, 12 GBP, and 3000 HUF.

 

Client Fund Protection

 

The regulatory oversight оffеrеd bу the finаnсiаl regulatory аgеnсiеѕ give traders the реасе оf mind thаt their money iѕ safe with thiѕ brоkеr. In аdditiоn, as a rеgulаtеd broker undеr the FCA, traders’ fundѕ аrе protected undеr a compensation scheme known as thе Finаnсiаl Sеrviсеѕ Cоmреnѕаtiоn Sсhеmе (FSCS) up to a max of £50,000 per person in the event the broker became insolvent.

Deposit Methods

  • Visa Debit
  • MasterCard
  • Skrill
  • Bank Transfer

Unique Features

xStation5 Webtrader Platform- The xStation5 has been voted as one of the best rading platform is the pevious years. It really is one of the best out there:

  1. Superior execution speeds - with fast, reliable execution speeds, you can trade safe in the knowledge that you can take advantage of fast market moves without delay.
  2. Easy to use - innovative, intuitive and fully customisable, xStation 5 is a platform that allows you to create a trading screen suited to your style. All your settings, watchlists and work spaces are instantly accessible from your desktop, phone, laptop or tablet.
  3. Trader Statistics - Analyse yourself as well as the markets with live performance statistics that inform you which markets you’re most successful in, including specific win ratios on your long and short trades.

Online Click-Trading- This feature is necessary for executing a trade with a single mouse click without the hassle of opening other windows. As we know trading entry opportunities come and go within seconds so it’s very handy to have this feature. This is very helpful for trader that look form short-term opportunities i.e. Scalp traders or ‘Scalping’.

Negative Balance Protection- This feature protects a trader from entering into a negative trading balance. Every broker sets a margin call which means you are restricted to a maximum lots size you can possibly trade. Forex trading is highly leveraged trading and the market is very volatile therefore sometimes a losing trade can exceed risk or stop levels meaning you lose beyond deposit levels. A negative balance protection is useful when a trader leverages more on their trades relative to their account size.

 

Customer Support

XTB offers customer service in a variety of ways and languages. The customer support team is available 24/7 through live chat, email, and phone. XTB usually responds to customer queries within 24 hours.  XTB also offers a FAQ section on their website XTB offers a variety of communication methods including live chat, email, and phone. XTB also offers support in multiple languages including English, Spanish, French, German, Italian, Polish, Czech, Slovak, Arabic, Chinese, and many more.

Conclusion

XTB is an established, well-regulated and multi-award-winning broker. A broker we highly recommend. The whole process from opening an account to placing a trade on their unique, user-friendly xStation platform and to placing a withdrawal is just relatively easy and quick. This entire process is just so efficient and seamless. The added bonus of security with XTB being regulated by bodies such as FCA and being established for over two decades gives the consumer peace of mind that their funds are safe.

Overall, XTB is a great choice for those looking for a reliable and user-friendly online broker, whether you are a more experienced trader and especially someone who is relatively new to the world of trading, we couldn’t recommend XTB enough