XTB Review 2020

XTB Rated 4/5
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XTB Guide - Read our In Depth XTB Review

This XTB review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Cryptocurrency.
The content in this XTB review does not apply to US users.

What is XTB?

XTB are an a global online financial trading platform and multi asset broker founded in 2002

Over 18 years later XTB has grown to offering retail investors Forex trading, CFDs trading, and Cryptocurrency trading.

XTB are a global broker and have a head office in Poland.

XTB have a listed stock symbol. This means that XTB have publically listed and you can officially buy shares in XTB on one of the worlds global stock market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this XTB review and assess how well the XTB platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like XTB can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of XTB we breakdown the pros and cons. What XTB are able to offer, what countries XTB are available in. Who XTB are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this XTB review useful.

This review of the XTB platform is very detailed. If you are interested in trading with XTB in any capacity please take the time to read and research the whole XTB review.

We have tried to explain the ins and outs of financial trading through the XTB platform as plainly as possible so that you the trader are as informed as possible before you start to use the XTB trading tools and depositing and withdrawing funds from XTB.

Benefits of trading with XTB

Open XTB's Website

79% 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 Promotions

XTB are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page.
Open XTB's Wikipedia page

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with XTB like Forex trading, CFDs trading, and Cryptocurrency trading. you should have confidence in XTB and know that the management of your financial investments on the XTB platform is in good hands.

At the bottom of this XTB review you can also learn about some pretty good alternatives to XTB

With this XTB review we hope to help you see if XTB is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding XTB that will help you get off to a good start in the world of online trading.

XTB Review Table of Contents

XTB review
XTB is a Multi-Assets Trading Platform with over 4000+ Assets

Learn more about XTB. XTB is a multi asset platform with 4000+ tradable Assets. Assets available on XTB include Forex, CFDs, Cryptocurrency.

XTB trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, Cryptocurrency are considered financial assets.

XTB review
Features of XTB

XTB review
What you should know

XTB offer three ways to trade: Forex, CFDs, Cryptocurrency.

With XTB you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with XTB platform.

XTB are able to accommodate various levels of traders whether you are experienced or a beginner.

XTB review
Are XTB safe?

When choosing a broker like XTB the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2002, and in operation for 18 years XTB have a head office in Poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to XTB, this will be honored. If XTB violate any regulatory rules their regulated status could be stripped.

XTB review
Is my money safe with XTB?

Any payments funded to XTB accounts by traders are held in a segregated bank account.

For added security XTB use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should XTB use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in XTB deposited in a Tier 1 bank?

Having any money you deposit with XTB means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if XTB goes out of business for some reason.

Therefore, we can safely conclude that XTB is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs, Cryptocurrency is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. XTB also clearly state on their platform that 79% 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. .

Now that we have answered some important questions regrding XTB. let us look at the XTB features in more detail.

Try creating two accounts when you are working with XTB. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit XTB

79% 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.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How XTB as a Company Compare Against Other Brokers

Broker XTB eToro IC Markets FP Markets
Year Established 2002 2006 2007 2005
Head Office Poland Cyprus, UK Australia Australia
Regulation Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Used By 250,000+ XTB users 12,000,000+ eToro users 60,000+ IC Markets users 10,000+ FP Markets users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit XTB Visit eToro Visit IC Markets Visit FP Markets
Risk Warning 79% 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. 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

XTB review
XTB Pros and Cons

What we like about XTB

  • Used by over 250,000 XTB users and traders
  • Established in 2002
  • Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
  • XTB international is regulated by Belize International Financial Services Commission under license number IFSC/60/413/TS/17.
  • X-Trade Brokers DM SA is authorized by the Polish Securities and Exchange Commission under license number DDM-M-4021-57-1/2005 and supervised by Polish Financial Supervision Authority (Komisja Nadzoru Finansowego).
  • XTB Spain is regulated by the Comisión Nacional del Mercado de Valores under license number 40.
  • XTB is in the process of getting a license for its South Africa Entity and UAE
  • Min. deposit from $0

What we don't like about XTB

XTB review
XTB Regulation and Licensing in more detail

We have checked and XTB is regulated and supervised by reputable organisations. You are able to check every XTB supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with XTB. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect XTB traders and provide a safe trading environment.

XTB is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as XTB you should be sure they're legitimate online agent.

XTB review
Is XTB Global?

Yes, XTB is global as XTB is available in over 188 countries.

XTB is a global trading platform in the sense that it operates in 188 nations including nations in Europe, Asia, Oceania, and Africa. Major countries XTB covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. As per its Wikipedia page, XTB has a total of more than 250,000 users. Commendable figures from XTB.

XTB review
XTB Awards

XTB have won numerious industry awards over the 18 years they have been operating as a financial broker. We list the most notible awards and mentions for XTB below.

  • Wealth & Finance Global Excellence Awards Highest rated Forex and CFD Broker of 2018
  • M&A Today Global Awards 2018 Winner
  • M&A Today Global Awards 2019 Winner
  • Online Personal Wealth Awards 2016 Winner
  • Good Money Guide Best Crypto Broker 2018 Winner
  • Best Islamic Broker M&A Today 2018
  • Positively mentioned by Forbes.com
  • Positively mentioned by Bloomberg.com

XTB review
XTB Fees Explained

  • XTB withdrawal fees varies on payment method
  • XTB does not charge a fee for inactive accounts.
  • XTB doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How XTB Fees Compare Against Other Brokers

Broker XTB eToro IC Markets FP Markets
Min Deposit 0 200 200 100
Withdrawal Fees varies Yes No No
Inactivity Fees No Yes No No
Deposit Fees No No Varies Yes
CFD Commission Fees Yes No Yes Yes

XTB review
XTB Minimum Deposit

XTB do not require a minimum desposit when opening a XTB trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

XTB review
XTB Withdrawal Fees

XTB withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

XTB for example allow you to withdraw your funds to Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer.

XTB review
XTB Inactivity Fees

XTB does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

XTB review
XTB Desposit Fees

XTB does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

XTB review
XTB Commission Fees

XTB does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

XTB review
What can you trade with XTB?

Be aware that Different entities under XTB Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with XTB over 4000 instruments infact.

If you are looking at trading currency pairs XTB offer over 50 currency pairs.

Compare XTB with eToro and IC Markets below.

79% 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.

How XTB Trading Options Compare Against Other Brokers

Broker XTB eToro IC Markets FP Markets
Instruments Available 4000 2000 232 100
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 50 65 60
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 21 0 19 18
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 1696 957 100 10000
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit XTB
79% 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.
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit FP Markets
Losses can exceed deposits

XTB review
Trading on XTB web platforms and other applications

XTB offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

XTB also offer their award-winning Xstation5, you can learn more about this platform here

XTB also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See XTB's platforms

XTB review
Is the XTB Trading Platform Secure?

XTB safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. XTB also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating XTB.

XTB review
XTB Trading Platform Options

Once you have logged into your XTB account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

XTB does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

XTB does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options XTB gives you.

XTB review
XTB MetaTrader 4 (MT4)

XTB MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with XTB. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with XTB in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. XTB MetaTrader 4 is compatible with the latest macOS Mojave. XTB allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on XTB

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade XTB MetaTrader 4 on IOS Devices

You can download the XTB app or also trade with XTB through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade XTB MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. XTB provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android XTB MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade XTB MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

XTB MetaTrader 4 Advanced Trading Tools

The XTB advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. XTB offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade XTB MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

XTB MetaTrader 4 AutoChartist

XTB Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

XTB Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

XTB Group Offers :

  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account
  • Islamic account

Can I try XTB before I buy?

XTB offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

79% 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 withdrawal and funding methods.

Please note that the list of XTB payment methods below depend on the XTB Entity and the Clients Country of Residence.

XTB offer the below funding payment methods. learn more about XTB

XTB Payment Methods

  • XTB accepts Credit cards
  • XTB accepts MasterCard
  • XTB accepts Maestro
  • XTB accepts Visa
  • XTB accepts Debit cards
  • XTB accepts Bank Transfer
  • XTB accepts Electronic wallets (eWallets)
  • XTB accepts PayPal
  • XTB accepts Neteller
  • XTB accepts Skrill
  • XTB accepts Poli
  • XTB accepts Paysafe
  • XTB accepts Payoneer
Broker XTB eToro IC Markets FP Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with XTB?

When opening a trading account with XTB, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on XTB trading platforms here.

79% 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.

Performing trades with XTB

XTB allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. XTB allow you to execute a maxium trade of 100 Lot. As XTB offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

XTB are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

XTB also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by XTB here.

XTB Leverage and XTB CFDs Explained

let's take a look at some of the basics of using XTB leverage.

XTB offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

XTB leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the XTB trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The XTB leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

XTB CFDs are typically used for short to medium term trades. For example XTB intraday trading.

Limiting Your Risk When Trading with XTB Negative Balance Protection

We should say something about negative balance protection with XTB. When trading using leverage an adverse move could result in losing more than your trading account balance at XTB. Your XTB account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with XTB Stop Loss, XTB Stop Limit Orders

A stop-loss order is an order placed with a broker like XTB to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at XTB

To trade effectively with XTB, it's important to get a have a good understanding of the XTB trading tools and the markets.

XTB offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with XTB.

Take time to look around the XTB platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

XTB also offer a really informative course called the "Investing Master" course.

If you are based in Europe you can sign up for the training course with Lee Sanford here.

If you are based outside of Europe you can sign up for the training course with Karen Foo here.

Investing Masters with Karen Foo from XTB.

XTB offer a Live Streaming Global Online Masterclass. Its many hours of Trading education that you can sign up for free for, it is useful for all types of traders.

Learn more about The oil market with XTB

Customer Support at XTB

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

XTB have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

XTB customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at XTB

We tested the XTB live chat and it works well. We sent messages to XTB livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with XTB support in multiple languages in multiple countries. XTB where able to quickly resolve our customer issues.

Email Support at XTB

We sent several emails to XTB and answer times overall were excellent. The fastest response from XTB was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with XTB, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from XTB.

Phone Support at XTB

We called XTB and the call was answered very quickly. The call was answered in less than 1 minutes.

The XTB phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual XTB team by calling in varying languages. XTB made an effort to make sure our queries were answered.

Overall great phone support from XTB.

See how XTB Support Compares Against Other Brokers

Broker XTB eToro IC Markets FP Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
Learn More Visit XTB Visit eToro Visit IC Markets Visit FP Markets
Risk Warning 79% 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. 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

What you will need to open an account with XTB

As XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under XTB Brand may be different.

  • 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 answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore XTB's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with XTB you can visit the XTB trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.xtb.com on October 28, 2020.

José Mourinho XTB Brand Ambassador

XTB has signed José Mourinho, world renowned former footballer and famous sports trainer, as its brand ambassador.

José Mourinho is one of the worlds most famous Football team managers having managed some of the most important and successful football teams such as Manchester United, Chelsea, Real Madrid and Inter Milan. With the help of José Mourinho these teams have all won major international titles.

XTB Brand Ambassador José Mourinho

XTB review
Watch this XTB Explainer Video

XTB review
Is XTB A Good Broker?

We spent over 3 months examining XTB in depth. Although XTB are not perfect we found many really useful aspects with the overall offering from XTB. Our personal experience of trading with XTB was very good. Weighing up many points XTB is a good broker.

  • XTB have a good track record of offering Forex, CFDs, Cryptocurrency.
  • XTB has a history of over 18 years.
  • XTB has a reasonable sized customer support of at least 10.
  • XTB are regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG). This means XTB fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • XTB have regulation from a Tier 1 reputable country.
  • XTB has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • XTB have an international presence in multiple countries. This includes local XTB seminars and training.
  • XTB are able to hire people from various locations in the world who can better communicate in your local language.

XTB Risk Disclaimer

79% 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 review
XTB not quite right?

If after reading this XTB review, XTB does not fulfill your needs check out these XTB Alternatives.

Click here to view the best XTB Alternatives

We have spent years researching the best alternatives to XTB. Click the links below to learn more.

If you feel some of the above XTB are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of XTB alternatives below.

XTB review
Related XTB Vs Comparisons

We have covered allot in this XTB review, If you want to see how XTB compares side by side with other brokers check out our XTB Vs pages.

If you would like to see how XTB stands up against other brokers you can read some of our XTB comparisons below. We compare side by side some of our top rated XTB versus comparisons. Read our indepth XTB VS pages below.

XTB review
XTB Frequently Asked Questions

Can I try XTB before I buy?

XTB offer a demo account so you can try the XTB platform before you put down a payment. Learn more here

What funding methods do XTB accept?

Please note that the list of payment methods below depend on the XTB Entity and the Clients Country of Residence.

XTB offer the following funding payment methods Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer, among other payment methods.
Learn more here

79% 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.

Is XTB safe?

XTB are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG). Any payments funded to XTB accounts by traders are held in a segregated bank account. For added security XTB use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is XTB trading good?

XTB is considered good and reputable to trade with XTB. XTB is used by over 250000 active traders and XTB users. XTB offers Forex trading, CFDs trading, and Cryptocurrency trading. Minimum deposit with XTB is 0.

Is XTB trading Legit?

XTB was founded in Poland in 2002. XTB has been facilitating trade on the financial markets for over 18 years. XTB offers clients Forex trading, CFDs trading, and Cryptocurrency trading. All funds deposited to XTB are held in segregated tier 1 bank accounts for security. XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) so can be considered legit.

Is XTB a good broker?

XTB is overseen by the top tier financial regulators Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) so can be considered a good broker. XTB allows Forex trading, CFDs trading, and Cryptocurrency trading.

Is XTB trustworthy broker?

XTB can be considered trustworthy. All money funded to XTB is placed into a segregated tier 1 bank account. this means your money in not held by XTB directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG).

What is the minimum deposit for XTB?

The minimum deposit to trade with XTB is 0.

How long do XTB withdrawals take?

Withdrawing money from XTB processing time varies but averages 2-5 days.

Is XTB regulated?

XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG).

Is XTB a market maker?

XTB is a market maker. Stocks, currency and other commodities and instruments will be purchased by XTB even if no buyer is lined up.

How can I start trading with XTB?

When opening a trading account with XTB, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on XTB trading platforms here.

Is my money safe with XTB?

XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG). One of the most important criteria for traders when choosing a broker like XTB is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to XTB, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is XTB a con?

XTB is regulated and well established having been in business for over 18 years. XTB is definitely not a con.

Can you make money with XTB?

Although traders have had great success with XTB. Trading on the financial markets with XTB is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. 79% 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. .

Does XTB have fees?

XTB withdrawal fees varies on payment method. XTB doesn't charge inactivity fees. XTB doesn't charge deposit fees.

When was XTB founded?

XTB was founded in 2002.

How many people use XTB?

XTB is used by over 250000 registered XTB users.

What is XTB Headquarters country?

XTB has its head quarters office in Poland.

Does XTB offer negative balance protection?

XTB offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does XTB offer guaranteed stop loss?

XTB does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does XTB allow scalping?

XTB offers scalping.

Does XTB allow hedging?

XTB offers hedging.

Does XTB offer CFD trading?

XTB offers CFD trading.

Does XTB offer STP?

XTB offers STP trading.

How many people use XTB?

XTB is used by over 250000 XTB users and traders.

Is XTB an ECN broker?

XTB does not offer ECN trading.

Does XTB offer a demo account?

XTB offers a demo account.

Does XTB offer an Islamic account?

XTB offers a Islamic accounts.

What are the funding methods for XTB?

XTB accept the following funding methods : Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer.

XTB review written by Andrew Blumer and Mark Hansen

We hope you found our review of the XTB brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

XTB review written by Mark Hansen of Comparebrokers.co