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XTB Review
XTB is a European broker formed in 2002 that is one of the world’s largest stock market listed brokers, having operations in 13 countries including the United Kingdom, Poland, Germany, France, and Turkey.
It is also governed by some of the world’s most powerful regulatory bodies, including the Financial Conduct Authority, the KNF, CySEC, and the International Financial Services Commission in Belize. Since 2016, it has been listed on the Warsaw Stock Exchange, and it is presently growing into new areas such as the Middle East, Africa, and Latin America.
Unique Features
XTB is a fintech business that combines financial services with cutting-edge technology. It provides two platforms to clients: its own award-winning xStation 5, which provides dependable and quick execution with no requotes, and the conventional MT4.
XTB distinguishes itself from other brokers in three ways: its trading platform, the degree of instructional and analytical information available to all levels of traders, and its open-door policy, which includes a high level of support from a dedicated customer support staff.
The broker also provides their clients with free instructional materials to help them understand how to trade. From its online Trading Academy and video training (accessible both on the internet and through the app),
Finally, XTB’s cryptocurrency offer is noteworthy. Traders have a choice of 25 crypto CFDs (9 individual currencies or 16 crypto pairs) that are accessible seven days a week (from 3am Saturday to 9pm Friday).
Pros
- Used by 230,000+ traders
- Established in 2002
- Regulated by Financial Conduct Authority
- Min. deposit from $1
Cons
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
A minimum deposit of $1 is required to establish a live account. Alternatively, XTB provides a demo account that you may use to experiment and become acquainted with their platform.
Regulated by The Financial Conduct Authority in the United Kingdom (FRN: 522157) and CySEC (Licence: 169/12), XTB keeps customer funds in a separate bank account and works with tier-1 institutions to do so. XTB has been in business since 2002 and has its headquarters in the United Kingdom.
Before we get into the specifics of XTB’s spreads, fees, platforms, and trading tools, you may want to open XTB’s website in a new tab by clicking the button below to get the most up-to-date information straight from XTB.
What are XTB’s spreads & fees?
XTB, like most brokers, charges a fee on the spread, which is the difference between both instrument’s buy and sell price.
The commissions and spreads shown here are based on the XTB website’s minimum spreads.
| Forex | XTB | Pepperstone | AvaTrade |
| EUR/USD(Average: 0.7 pips) | 0.1 pips | 0.09 pips | 0.9 pips |
| GBP/USD(Average: 1.1 pips) | 0.1 pips | 0.38 pips | 1.6 pips |
| USD/JPY(Average: 1.1 pips) | 0.1 pips | 0.19 pips | 1.1 pips |
| AUD/USD(Average: 0.8 pips) | 0.2 pips | 0.17 pips | 1.1 pips |
| USD/CHF(Average: 2.3 pips) | 0.2 pips | 0.35 pips | 1.6 pips |
| USD/CAD(Average: 2.9 pips) | 0.3 pips | 0.27 pips | 2.0 pips |
| NZD/USD(Average: 3.6 pips) | 0.3 pips | 1.1 pips | 1.8 pips |
| EUR/GBP(Average: 2.4 pips) | 0.1 pips | 1.0 pips | 1.5 pips |
Spreads are dynamic and are provided solely for informational reasons.
As you can see, XTB’s minimum spread for trading EUR/USD is 0.1 pips – a low spread when compared to the average EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with XTB against other brokers.
How much does XTB charge to trade 1 lot of EUR/USD?
If you bought one standard lot of EUR/USD (100,000 units) with XTB at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $9.94. Here’s a quick overview of the costs and how they compare to IG and AvaTrade.
| XTB | IG | AvaTrade | |
| Spread from: | $ 1.00 | $ 6.00 | $ 7.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 1.00 | $ 6.00 | $ 7.00 |
| $5 more | $6 more | ||
| VISIT XTB | VISIT IG | VISIT AVATRADE |
All fees/prices are for informational purposes and are subject to change.
What can you buy and sell using XTB?
XTB provides over 1,500 different trading products, including over 48 currency pairings. We’ve detailed all of the different types of instruments offered by XTB below, along with IG and AvaTrade products for reference.
| FX / Currencies | XTB | IG | AvaTrade |
| # of forex pairs offered | 48 | 90 | 59 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | Yes | Yes | Yes |
| Commodity CFDs | XTB | IG | AvaTrade |
| # of commodities offered | 21 | 34 | 16 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | XTB | IG | AvaTrade |
| # of stocks offered | 1606 | 8000 | 99 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| SEE XTB’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE AVATRADE’S Instruments |
What’s the XTB trading experience like?
1) Platforms and apps
What can you buy and sell using XTB?
XTB provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers. XTB also provides their own Xstation5 platform. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
XTB now provides mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
You can perform a minimum trade of 0.01 Lot on XTB. This may differ based on the type of account you establish. They allow you to conduct a maximum of 100 Lot trades. Because XTB provides STP execution, you may anticipate narrower spreads and greater transparency in the price you pay to execute your trades.
As a market maker, XTB may have lower entrance requirements than an ECN broker, who usually has greater capital and minimum trading requirements due to a higher number of transactions. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
As an added benefit, they are one of the few brokers that claim to have no requotes, so you don’t have to worry about that.
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
XTB also includes a variety of risk management tools, including as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can view a list of all the account features provided by XTB here.
Finally, we’ve included a list of some of the most common financing options that XTB provides its traders below.
Trading Features:
- Offers STP
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
- Allows scalping
- Allows hedging
Accounts offered:
- Mini account
- Standard account
- Islamic account
- Demo account
- Micro account
Funding methods:
- PayPal
- Skrill
- Payoneer
- Neteller
- Credit cards
- Bank Transfer
3) Client support
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian are among the languages supported by XTB.
Because of their extensive language and support choices, they get a CompareBroker triple AAA support rating.
4) What you’ll need to open an account with XTB
Because XTB is regulated by the Financial Conduct Authority, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to respond a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their platform immediately, it is essential to note that you will not be allowed to conduct any transactions until you pass compliance, which might take several days depending on your circumstances.
To begin the process of creating an account with XTB, go to their website.
79% of retail investor accounts lose money when trading CFDs with this provider.
