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Overall Rating
4.5
4.8
4.4
4.3
4.7
4.6
4.7
3.7
4
5
How Did We Test and Rate This Broker?
When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you.
The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
Our Take on XTB
Established in Poland in 2002, XTB is a true early mover in the forex and CFD industry. Clients can now access over 2,300 CFD instruments and 3,600 real stocks via the cutting-edge xStation 5 platform.
XTB is authorized by multiple top-tier regulators and also operates one offshore entity to serve global customers, though with fewer account protections. The company is listed on the Warsaw Stock Exchange (WSE: XTB), earning one of the highest trust ratings among the CFD brokers I have reviewed.
In my review, the Polish brokerage giant stood out for its competitive fees, robust platform, excellent customer support, and extensive research and educational materials, performing better than average in multiple categories.
I rate XTB as a well-rounded broker, suitable for beginners and experienced traders, and capable of accommodating strategies from scalping CFDs to long-term investing in real stocks.
XTB Pros and Cons
| Pros | Cons |
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XTB Highlights of 2024
- Multi-Regulated: XTB has five entities licensed by top-tier regulators and one offshore entity regulated by the Belize FSC.
- Tight Spreads: I experienced better than average spreads in popular instruments like EUR/USD and gold.
- Versatile Platform: xStation 5 is both beginner-friendly and feature-rich, with a better-than-average range of built-in features.
- Superb Range of Instruments: UK traders can access CFDs on forex, commodities, stocks, ETFs, and indices via xStation 5. Real stocks and ETFs are available within the same platform.
- Extensive Research Materials: XTB has gone the extra mile with resources ranging from high-quality in-house content to heatmaps and scanners built into xStation 5.
- Excellent Support: I consistently received fast and helpful responses during my 2-week review period. Moreover, all clients are assigned a dedicated account manager.
- Interest Earnings: Interest up to 4.9% is applied and calculated based on unused funds in your account.
What’s New at XTB in 2024?
I noted several positive developments since my 2023 review. The range of available forex pairs has increased from 54 to 69, and over 100 CFDs on shares have been added. The free bank wire withdrawals threshold has also been lowered to 50 GBP from 100 GBP. In the education section, XTB added an impressive range of ebooks covering practical topics like trading strategies.
What Sets XTB Apart?
XTB distinguishes itself with a well-rounded offering that includes low trading costs, a broad range of trading instruments, reliable customer service, competitive spreads, and a powerful proprietary trading platform. XTB’s commitment to supporting the development of its clients as traders is reflected in resources like Account Statistics built into xStation 5, a tool that highlights key metrics like the success rate of your trades.
Who is XTB For?
With tight spreads in some instruments and features such as hotkeys, 1-click trading, and advanced charting, XTB can cater to experienced day traders and scalpers.
At the same time, the intuitive platform, on-hand customer service, and plentiful educational offerings make it an attractive broker for beginners.
xStation 5 has an open API that makes it accessible to algorithmic traders running automated strategies.
I performed my tests with a Standard Account, using the xStation 5 platform and XTB mobile app. The account was with the UK entity of XTB (XTB Limited). Some features and services may vary depending on where you reside.
XTB Main Features
| ☑️ Regulations | FCA (United Kingdom), BaFin (Germany), CNMV (Spain), KNF (Poland), FSCM (Mauritius), CySEC (Cyprus) |
| 🗺 Supported Languages | English, French, Portuguese, Thai, Polish, Czech, Italian, Spanish, Vietnamese, German, Hungarian, Romanian, Turkish, Azerbaijani |
| 💰 Products | Currencies, Stocks, Crypto, Indices, Commodities |
| 💵 Min Deposit | $0 |
| 💹 Max Leverage | 1:30 (FCA), 1:30 (BaFin), 1:30 (CNMV), 1:100 (KNF), 1:3000 (FSCM), 1:30 (CySEC ) |
| 🖥 Trading Desk Type | No dealing desk |
| 📊 Trading Platforms | xStation 5 |
| 💳 Deposit Options | Wire Transfer, Visa, Mastercard |
| 💳 Withdrawal Options | Wire Transfer |
| 🤴 Demo Account | Yes |
| 🗓 Foundation Year | 2002 |
| 🌎 Headquarters Country | Poland |
Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XTB Full Review
Trust
4.5
How Did We Test the Broker's Trustworthiness?
Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
Founded in 2002, XTB is licensed and authorized by multiple regulators, including the top-tier UK FCA. It is also a publicly traded company listed on the Warsaw Stock Exchange. At the time of this writing, it has a market cap of 6.2 billion PLN (1.5 billion USD). Taking these factors into account, XTB stands among the most stable and trustworthy forex and CFD brokers.
| Entity Features | XTB Limited | XTB Limited | XTB S.A. German Branch | XTB S.A. | X-Trade Brokers DM SA | XTB International Limited |
| Country/Region | UK | Cyprus/EU | Germany | Spain | Poland | Belize/International |
| Regulation | FCA | CySEC | BaFin | CNMV | KNF | FSC |
| Tier | 1 | 1 | 1 | 1 | 1 | 3 |
| Segregated Funds | Yes | Yes | Yes | Yes | Yes | Yes |
| Negative Balance Protection | Yes | Yes | Yes | Yes | Yes | No |
| Compensation Scheme | FSCS Up to £85,000 | ICF Up to €20,000 | EdW 90% of claim, up to €20,000 | IGFd up to €100,000 | EFDI up to €22,000 | No |
| Maximum Leverage | 1:30 | 1:30 | 1:30 | 1:30 | 1:100 | 1:500 |
XTB Regulators
- XTB Limited (UK) is authorized and regulated by The UK Financial Conduct Authority (FCA), firm reference number 522157. The FCA covers clients in the United Kingdom. I rate the UK FCA as a Tier-1 regulator.
- XTB Limited (CY) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), license Number 169/12. CySEC covers clients in the European Economic Area (EEA). We rate CySEC as a Tier-1 regulator.
- XTB S.A. German Branch is registered with the Federal Financial Supervisory Authority (BaFin), BaFin-ID:10121520. We rate BaFin as a Tier-1 regulator.
- XTB S.A. is authorized and regulated by Comisión Nacional del Mercado de Valores (CNMV), official registration number 40. We rate CNMV as a Tier-1 regulator.
- X-Trade Brokers DM SA is authorized and regulated by the Polish Komisja Nadzoru Finansowego (KNF). We rate KNF as a Tier-1 regulator.
- XTB International Limited is authorized and regulated by the International Financial Services Commission (IFSC) in Belize, License number 000302/185. We rate IFSC as a Tier-3 regulator.
Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?
In order to serve clients worldwide, brokers must have multiple regional entities. The level of client protection guaranteed by regional regulators varies widely. Here are some of the key features to check on at your broker`s regional entity:
- Segregation of client funds. Segregating client funds from the operating capital of a broker prevents misuse, ensuring that traders’ funds can not be used for operational expenses or speculative investments. At XTB, all client funds are held in segregated accounts away from the company’s funds.
- Negative balance protection. This is a guarantee that clients cannot lose more than their account balance, even if the market unexpectedly makes a massive move or gaps. All XTB entities provide negative balance protection with the exception of the Belize entity.
- Compensation scheme. A compensation scheme protects client funds in the unlikely event that the broker becomes insolvent. UK entity’s clients benefit from account insurance of up to £85,000 via the Financial Services Compensation Scheme (FSCS).
- Maximum leverage. Limiting leverage controls the level of risk traders can take on. The higher the leverage, the higher the potential profits and losses. At the UK entity of XTB, the maximum leverage is 1:30 for a Standard Account and 1:200 for a Professional Account.
Stability and Transparency
In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we evaluate the broker’s longevity in the industry, the company’s size, and its transparency.
XTB dates back to 2002, marking it as a highly experienced CFD broker with a solid operating history. According to the broker’s LinkedIn page, the company has 1,001-5,000 employees, reflecting a large brokerage firm.
In my research, XTB showed high transparency in its regulatory status, listing its regulators in the footer of the website page. The website breaks down trading costs clearly on the Terms and Fees page. To view the nitty-gritty details, traders can find the Terms of Business on the Legal Documents page.
Is XTB Safe to Trade With?
To summarize, I rate XTB as trustworthy and stable due to the following:
- Regulated by five top-tier regulators
- Has 22-year operating history
- All entities segregate funds
- Publicly traded company with a market cap over $1.5B
Fees
4.1
How Did We Test the Broker's Fees and Commissions?
Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
XTB offers competitive spreads overall and keeps account-related fees to a minimum. I was impressed by tight spreads as low as 0.8 in EUR/USD and noted that there are no charges for withdrawals above 50 GBP. I rate the fees at XTB as better than average for the industry.
XTB Trading Fees
XTB Spreads
I tested the spreads at XTB across various markets during the London open and after the New York open on 18 March 2024. At these times, the market is typically highly liquid with the tightest spreads.
| Instrument | Live spread AM | Live spread PM | Industry Average |
| EUR/USD | 0.8 Pips | 0.8 Pips | 1.08 Pips |
| GBP/JPY | 2 Pips | 2 Pips | 2.44 Pips |
| Gold | 34 Cents | 35 Cents | 42 Cents |
| WTI Oil | 3 Cents | 3 Cents | 2 Cents |
| Dow 30 | 3 Pips | 3 Pips | 3.3 Pips |
| Dax 40 | 1.4 Pips | 1.4 Pips | 2.4 Pips |
| Apple | n/a | 55 Cents | 33 Cents |
| Tesla | n/a | 54 Cents | 50 Cents |
My tests showed that spreads are especially competitive in EUR/USD and gold but that there is room for improvement in the spreads for CFDs on shares.
XTB Swap Fees
In the table below, you can see an example of the swap fees at XTB. Swaps represent the fees charged (or credit earned) for holding a position overnight.
The values listed below are for one full contract (100,000 units) of the base currency.
| Instrument | Swap Long | Swap Short |
| EUR/USD | Charge of 5.74 GBP | Credit of 0.99 GBP |
| GBP/JPY | Credit of 10.78 GBP | Charge of 17.68 GBP |
My live tests showed that swap fees at XTB are average for the industry.
XTB Non-Trading Fees
XTB charges an inactivity fee of 10 EUR monthly if you haven’t traded in 365 days or deposited in 90 days.
Are XTB Fees Competitive?
I rate the fees at XTB as competitive for the following reasons:
- Tight spreads in popular instruments
- Fair overnight fees
- Minimal withdrawal fees
Platforms and Tools
4.2
How Did We Test the Broker's Trading Platforms?
We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
XTB developed a flagship xStation 5 platform, which is well-designed and has a robust range of built-in tools and features. It can accommodate both beginners and advanced traders and various strategies – from scalping to algo trading. While it is the only platform offered, I rate it as above average for the industry.
XTB Web Platform
General Ease of Use
In this review, I tested the xStation 5 platform, which has a clean look and feel and is beginner-friendly. The layout is customizable, with various options to suit your trading style. To cater to the global clientele, it is available in 24 languages.
Key Features
xStation 5 has popular features like watchlists, alerts, 1-click trading, trading from the chart, and direct hedging.
- Alerts. Price alerts on xStation 5 can automatically inform you when significant price levels are reached without having to spend all day in front of the monitor.
- Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a market watch panel.
- One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Placing a trade with a single click saves time and is crucial for short-term traders.
- Trading from the chart. xStation also allows users the convenience of trading directly from the chart.
- Trading statistics. The platform has a dedicated area providing live statistics on your trading performance.
- Direct hedging. This means you can simultaneously have long and short positions in the same instrument. It can be used as a way of managing risk during periods of high volatility.
It goes beyond the standard broker platform with features like heatmaps, scanners, and a trading statistics tool.
Charts
The xStation platform also has robust charting capabilities.
- 5 Chart Types: Candlestick, Line, OHLC, HLC and Heiken Ashi.
- 9 Time Frames: from 1 Minute to 1 Month.
- 47 Indicators: from Alligator to ZigZag.
- 20 Drawing Tools: including classics such as Fibonacci, Gann, and Pitchfork tools.
The xStation 5 platform delivers a standard range of order types. Available order types include market, limit, and stop loss.
- Market Order allows to buy or sell an instrument at the best available price.
- Limit Order allows to buy or sell an instrument at a specified price or better.
- Stop-Loss Order allows to buy or sell an instrument triggered when the market price reaches a specified level.
It’s possible to set an expiry date for your pending orders, if you only want to keep them open for a limited time. Trailing stop-loss orders are not currently available via the xStation platform.
Trade History
The panel at the bottom of the screen shows your open positions and pending orders.
xStation 5 provides live statistics on your trading performance, updated in real time. The statistics tool can serve as a trading journal where you can identify your strengths and weaknesses.
The platform records the following statistics to help you better understand and improve your trading performance:
- Your profit generated for the chosen period.
- Your average result per trade.
- The total number of placed trades.
- The maximum drawdown (drop in equity).
- Your profitable and losing trades.
- Your profitable and losing trade sequence.
- The success rate of all your trades.
My Key Takeaways After Testing XTB on xStation 5
xStation 5 manages to be uncluttered and user-friendly while also offering an excellent range of features. I found it easy to navigate and appreciated the advanced resources like heatmaps, scanners, hotkeys, and the performance statistics tool. This is clearly an above-average platform. My only quibble is the lack of trailing-stop loss orders.
XTB Mobile App
XTB’s xStation mobile trading app is available for Android, Windows, and iOS devices in 24 languages. All the same instruments are available in the app as the web platform, meaning that you can access thousands of CFDs and real shares from the palm of your hand.
General Ease of Use
I rate the xStation app as well-designed and intuitive. Key features like 1-click trading and trading from the chart are available, allowing you to be nimble in the markets even when you are on the move.
Charts
Charting with the app is solid, with 4 chart types, 9 time frames, 13 technical indicators, and 6 drawing tools.
Orders
The same order types as the web platform are available via mobile: market orders, limit orders, and stop loss orders. You can set an expiration date and time for pending orders.
My Key Takeaways After Testing the XTB Mobile App
This is a robust and feature-rich app that can serve most of your trading needs while you are away from your workstation. The design is modern and well-thought-out, making it a pleasure to use. I liked that the app includes features like the ‘Discover’ tab, which gives you a summary of trending markets and breaking news. For enhanced security, traders can set up a four-digit passcode to access the app.
XTB Order Execution Model
XTB Limited sends all trades automatically to its parent company X-Trade Brokers DM – their liquidity provider. Trades are executed automatically without any manual intervention from any dealing desk.
Tradable Instruments
4.7
How Did We Test the Broker's Tradable Instruments?
For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
With over 2,300 CFD instruments and 3,600 real stocks, XTB offers an excellent range of tradable instruments – all available from a single log-in to the xStation 5 platform The selection includes CFDs on forex, commodities (both spot and futures markets), indices, shares, ETFs, and bonds.
| Instrument | Types | XTB Number | Industry Average |
| Forex Pairs | Major, Minor, Exotic | 69 | 30–75 |
| Commodities | Metals, Energy, Agriculture | 23 | 5–10 |
| Indices | Major Global Indices | 24 | 5–10 |
| Stocks | European and US Exchanges | 1971 | 200–300 |
| Cryptocurrencies | Major and Minor | 47 | 10–20 |
| Real Shares | European and US Exchanges | 3,600+ | n/a |
We rated XTB as especially strong in the areas of CFDs on commodities, shares, and indices.
What are CFDs?
A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between the current value of an asset and its value at the time the contract was initiated. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset.
What Can You Trade with XTB?
In the tables below, you can see a selection highlighting the variety of instruments available at XTB:
| Major Forex | Minor Forex |
| USD/JPY | GBP/USD | USD/CHF | CHF/HUF | NZD/CAD | EUR/CNH |
| Stock CFDs | ETF CFDs |
| Rio Tinto | Apple | Netflix | MSCI Japan | Invesco QQQ | SPDR S&P 500 |
| Index CFDs | Commodity CFDs |
| EU50 | US500 | AUS200 | Cotton | Natural Gas | Silver |
My Key Takeaways After Exploring XTB Tradable Instruments
XTB offers a strong variety of tradable CFD instruments, which allow traders the room to experiment with diverse global assets. I liked that you can also trade real stocks from within the same platform, with stocks ranging from US exchanges to those of smaller countries like Finland or Portugal.
Customer Support
4.9
How Did We Test the Broker's Customer Support?
Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
XTB’s customer support is available 24/5 via chat, phone, and email. In my tests, the response times were fast via phone and email, while there was sometimes a short wait to reach live chat. Operators handled queries well and made an effort to answer questions in detail. I rate customer support at XTB as above average.
XTB Customer Support Test
Support is a key component of a broker’s offering – whether you are a new trader looking for guidance on how to use the platform or an experienced trader who needs help fast to exit their positions in the event of a technical glitch.
UK clients of XTB have access to 24/5 support in 20 languages. An important bonus to mention is that XTB clients are assigned a dedicated account manager who provides a personalized level of service.
When using the chat feature, a bot answers you first, but you are passed on to a live operator if its answer is insufficient. In my tests, I sometimes had to wait a couple of minutes to reach an operator, but after that first contact was made, the chat was quick to respond to.
When testing phone support, a knowledgeable representative answered my calls almost immediately. I tested customer support with a range of questions from easy to difficult and had a good experience overall.
4.9
How Did We Test the Broker's Deposit and Withdrawal Process?
The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
Deposits and withdrawals at XTB are faster than the industry average, with almost no fees. Several deposit methods are available, but traders can only withdraw via bank wire. The range of deposit methods at the UK entity is relatively limited, but more options are available at the offshore entity.
XTB Deposit Methods
| Method | Fees | Processing Time |
| Visa | 0% | Instant |
| Mastercard | 0% | Instant |
| Bank Wire | 0% | Within 24 hours |
While XTB does not charge any fees for deposits, your bank may apply its own fees.
XTB Withdrawal Methods
| Method | Fees | Processing Time |
| Bank Wire | Free for withdrawals above 50 GBP. For withdrawals of less than 50 GBP there is a charge of 5 GBP | 1 Business Day |
Withdrawals are initiated fast at XTB. They are typically processed the same day if requested before 1:00 p.m. Requests after that time are processed the next day.
Account Types and Terms
4.9
How Did We Test the Broker's Account Types and Terms?
When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
XTB UK keeps it simple with one primary account type and the option of applying for professional designation, which grants access to higher leverage and crypto trading. Demo and swap-free Islamic accounts are also available. The account opening process is fully digital and can be completed via the website in less than 10 minutes.
XTB Account Opening Process
To open an account with the UK entity of XTB, prospective clients must complete an application covering the following parts:
- Contact and Personal Details: Name, phone, address, date of birth, gender, nationality, tax ID.
- Financial Details: Annual income, liquid net worth, occupation, industry, source of funds, anticipated investment.
- Level of Trading Experience: Trading activity, trading experience volume of trades, brief questionnaire.
XTB Account Types and their Benefits
| Feature | Standard Account | Professional Account |
| Leverage | Up to 1:30 | Up to 1:200 |
| FCSC Compensation Scheme up to £85K | Yes | Yes |
| Negative Balance Protection | Yes | Yes |
| Segregated Funds | Yes | Yes |
| Dedicated Account Manager | Yes | Yes |
New XTB clients are automatically classified as retail unless they decide to upgrade to an elected professional status.
Professional Account
In order to quality as a professional client, you must meet two out of the three criteria below:
- You’ve carried out a minimum of 10 significantly sized transactions at a frequency of 10 per quarter over the previous four quarters.
- The size of your investment portfolio, including cash deposits and financial instruments, exceeds €500,000.
- You’ve worked (or work) in the financial sector for at least one year in a professional position.
Demo Account
XTB offers a demo account that can be used via xStation 5 and the XTB mobile app. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.
The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version.
Islamic Account
XTB offers a swap-free Islamic account that adheres to the principles of Sharia law. Islamic accounts are only available under XTB International for clients from certain countries (UAE, Saudi Arabia, Kuwait, Oman, Qatar, Jordan, Bahrain, Lebanon, Egypt, Algeria, Morocco, Tunisia, and Malaysia).
What is CFD leverage?
One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
In the FCA-regulated UK entity of XTB, the maximum leverage for an Individual account is 1:30. This means that with an account of $1,000, you can control up to $30,000 worth of positions in the market.
Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders should keep in mind that it can amplify both their profits and their losses.
Maximum Leverage by Asset Class
Available leverage differs according to the asset class, with the most leverage available for CFDs on forex and the least for crypto pairs.
| Asset Class | Standard Account | Professional Account |
| Forex | 1:30 | 1.200 |
| Commodities | 1:20 | 1:200 |
| Indices | 1:20 | 1:100 |
| Shares | 1:5 | 1:5 |
| Cryptocurrencies* | 1:2 | 1:4 |
*Crypto CFDs are only available for professional clients in the UK.
XTB Supported Countries
XTB accepts clients from the majority of countries globally. However, like most CFD brokers, XTB does not take clients from the United States or FATF (Financial Action Task Force) blacklisted countries, North Korea and Iran.
Research
4.2
How Did We Test the Broker's Research Tools?
Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
XTB shines in the area of research with quality news and analysis from an in-house team, complimented by a comprehensive range of tools. Clients can draw ideas from scanners and heatmaps and stay abreast of economic data within xStation 5. I rate XTB’s research as better than the industry average.
XTB’s seasoned research team provides news and analysis via the website and the xStation platform. Stories cover breaking news, in-depth market analysis, and specific trade ideas. These materials can cater to both beginners and advanced traders.
In addition, the platform offers a variety of tools to assist with market research:
- Market sentiment, which displays the percentage of XTB traders buying or selling specific instruments.
- Top movers, revealing which instruments are experiencing the most significant gains or losses.
- Stock & ETF scanners, allowing users to filter stocks and ETFs based on a range of criteria such as dividend yield or 6-month return.
- Heatmap tool – a real-time market map illustrating price percentage change and other factors.
My Takeaways from Exploring XTB Research Content
XTB checks all the boxes when it comes to research. Clients can stay on top of major news stories and get practical insights from reports written by experienced traders. Tools like the scanner, heatmap, and top-mover watchlists help traders come up with their own trading ideas.
Education
4.3
How Did We Test the Broker's Education Offering?
Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
XTB’s educational materials cater to all levels of traders with in-depth content on a wide range of topics. A broad range of articles are complemented by video courses from industry experts. Platform tutorials help traders make the most of the xStation 5 platform. I rate the educational resources at XTB as excellent.
The XTB website features a Knowledge Base section with articles ranging from technical analysis and trading strategies to xStation 5 platform tutorials. The material is helpful to beginners, and even seasoned traders will be able to pick up some valuable ideas.
XTB also offers a great range of ebooks covering practical topics like “How to Trade the DAX” and a Technical Analysis guide. I appreciate that this material goes beyond the theoretical and includes hands-on, practical advice on trading the market.
Within the xStation 5 platform, there are a variety of educational courses, including video lessons from seasoned industry experts like Steve Ward and Tom Hougaard. Live webinar events for existing clients complement the written and video material provided by XTB.
The Bottom Line
With 22 years of experience, multiple regulated entities, and its status as a publicly traded company valued at over $1.5B, XTB earned a high trust and stability rating.
The Polish brokerage powerhouse provides an attractive offering to traders of all levels of experience. I am especially impressed by the innovative features of the xStation 5 platform, like the heatmap, scanners, and trade statistics tool.
XTB’s low fees and tight spreads make it easier for clients to achieve trading success. Sometimes brokers offer low fees, but they cut corners in other areas. This is not the case with XTB, and a very high standard is maintained in other areas like customer support, research, and education.
If you are looking for a strong all-around broker who can nurture your development as a trader, XTB might be a good fit.
FAQ
Where is XTB based?
XTB is headquartered at Prosta 67, 00-838 Skyliner, Warsaw, Poland.
Is XTB safe?
I regard XTB as a quite safe broker because it is regulated by five top-tier agencies and has a long operating history. UK clients benefit from negative balance protection and segregated funds.
How does XTB make money?
XTB makes money through spreads, swaps, commissions, and miscellaneous account-related fees.
Is XTB good for beginners?
With strong research and education materials and a user-friendly platform, I judged that XTB is an excellent choice for beginners.
How do I deposit funds in an XTB account?
You can deposit funds via bank transfer or credit card.
What is the minimum deposit for XTB?
There is no minimum deposit to open an account with XTB.
How do I withdraw money from XTB?
You can withdraw funds via bank wire only.
How long does it take to withdraw money from an account at XTB?
Withdrawals are processed within 1 business day.
What platforms does XTB offer?
XTB offers its proprietary xStation 5 platform.
What is the maximum leverage in XTB?
The maximum leverage for retail clients in the UK is 1:30.
Does XTB offer a demo account?
Yes, a free demo account is available for the xStation 5 platform.
Is XTB suitable for scalping?
Tight spreads and features like 1-click trading make XTB a viable broker for short-term traders and scalpers.
Is XTB suitable for automated trading?
xStation 5 offers API access, allowing for automated trading.
Does XTB allow direct hedging?
Yes, direct hedging (having long and short positions in the same instrument at the same time) is possible via the xStation 5 platform.
Is XTB suitable for spread betting?
No, XTB does not offer spread betting.
Does XTB provide VPS?
No, VPS hosting is not available.
Is XTB a market maker?
XTB is a non-dealing desk broker and the counterparty to client trades.
Does XTB operate a bank?
No, XTB is a broker only.
See XTB Full Information
| Headquarters Country | Poland |
| Foundation Year | 2002 |
| Regulations | FCA (United Kingdom), BaFin (Germany), CNMV (Spain), KNF (Poland), FSCM (Mauritius), CySEC (Cyprus) |
| Publicly Traded | Yes |
| Number Of Employees | 1001-5000 |
| Trading Desk Type | No dealing desk |
| Trading Platforms | xStation 5 |
| Restricted Countries | Bosnia and Herzegovina, Congo, Cuba, Kenya, North Korea, South Korea, Laos, Guyana, India, Iran, Afghanistan, United States, Turkey, Australia, Macao, Yemen, Uganda, Syria, Ethiopia, Vanuatu, Singapore, Mauritius, Japan, Libya, Mozambique, Pakistan, Honduras, Egypt, Samoa, San Marino, Algeria, Armenia, Bahrain, Bahamas, Belarus, Barbados, Belize, Benin, Bhutan, Bolivia, Bulgaria, Burkina Faso, Burundi, Canada, Cameroon, Cape Verde, Chad, China, Cote dIvoire, Costa Rica, Croatia, Cyprus, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Estonia, Finland, Gabon, Georgia, Ghana, Jamaica, Jordan, Kazakhstan, Nauru, Kuwait, Kyrgyzstan, Latvia, Lesotho, Guinea-Bissau, Montenegro, Liberia, Sao Tome and Principe, Liechtenstein, Moldova, Lithuania, Namibia, Luxembourg, Macedonia, Malawi, Maldives, Mali, Mauritania, Micronesia, Monaco, Morocco, Nepal, New Zealand, Nicaragua, Indonesia, Niger, Hungary, Norway, Iceland, Oman, Papua New Guinea, Qatar, Gibraltar, Grenada, Greece, Guatemala, Guinea, Iraq, Democratic Republic of the Congo, Rwanda, Curacao, Tonga, Guam, Cayman Islands, Vatican City, Bermuda, Senegal, Suriname, Swaziland, European Union, Zambia, Albania, Angola, Timor-Leste, Marshall Islands, Slovakia, Paraguay, Cook Islands, Antigua and Barbuda, Tunisia, New Caledonia, Andorra, Trinidad and Tobago, Kosovo, Northern Mariana Islands, Puerto Rico, Somalia, Togo, Mongolia, Azerbaijan, Bangladesh, Slovenia, Russian Federation, Uruguay, Turkmenistan, Solomon Islands, Venezuela, Switzerland, Greenland, Tuvalu, Botswana, French Polynesia, Seychelles, Sierra Leone, Bonaire, Ukraine, Uzbekistan, Brunei, Cambodia, Chile, Central African Republic, Comoros, Denmark, Dominican Republic, El Salvador, Lebanon, Serbia, Mayotte, Madagascar, Aruba, Fiji, Gambia, Panama, Tajikistan, Virgin Islands, British, Isle of Man, Tanzania, Guernsey, Kiribati, East Timor, Malta, Myanmar, Ireland, Hong Kong, Haiti, South Sudan, Sri Lanka, Sudan, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Zimbabwe, Faroe Islands, American Samoa, Saipan, Sint Eustatius, Tahiti, Svalbard and Jan Mayen, Anguilla, Aland Islands, Cocos Islands, Montserrat, Niue, Saint Barthelemy, Saint Martin, Saint Helena, Saint Pierre, Wallis and Futuna, Sint Maarten, Falkland Islands, Palau |
| Supported Languages | English, French, Portuguese, Thai, Polish, Czech, Italian, Spanish, Vietnamese, German, Hungarian, Romanian, Turkish, Azerbaijani |
| Min Deposit | $0 |
| Max Leverage | 1:30 (FCA), 1:30 (BaFin), 1:30 (CNMV), 1:100 (KNF), 1:3000 (FSCM), 1:30 (CySEC ) |
| Deposit Options | Wire Transfer, Visa, Mastercard |
| Withdrawal Options | Wire Transfer |
| Time to Withdrawal | 1 |
| Time to Open an Account | 8 |
| Crypto | Ethereum, Dogecoin, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Dash, Ethereum Classic, Stellar, EOS |
| Products | Currencies, Stocks, Crypto, Indices, Commodities |
| Demo Account | Yes |
| OCO Orders | No |
| Offers Hedging | Yes |
| Automated Trading | Yes |
| API Trading | Yes |
| Guaranteed Stop Loss | No |
| Guaranteed Limit Orders | No |
| Guaranteed Fills / Liquidity | No |
| Economic calendar | Yes |
| Trading From Chart | Yes |
| One-Click Trading | Yes |
| Expert Advisor | Yes |
| Social Trading | No |
| Autochartist | No |
| Trading Signals | No |
| Platform Languages | English, Polish, Czech, Spanish, German, French, Hungarian, Italian, Portuguese, Romanian, Turkish, Vietnamese, Thai, Azerbaijani |
| 24 Hours Support | Yes |
| Support During Weekends | No |
| Live Chat | Yes |
| Daily Market Commentary | Yes |
| News (Top-Tier Sources) | Yes |
| Webinars | Yes |
| Deposit Fee | No |
| Withdrawal Fee | No |
| Inactivity Fee | Yes |
About the Author
Dan BlystoneBroker Analyst
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
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