XTB Review 2020

XTB Rated 4/5

XTB Guide

XTB are an online broker founded in 2002 offering Forex trading, CFDs trading, and Cryptocurrency trading.

XTB are a global broker and have multiple offices around the world including 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 market exchanges.

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of XTB we break down 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.

Benefits of trading with XTB

  • 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
  • Headquarters Country : Poland
  • Foundation year 2002
  • Min Deposit : No minimum deposit.
  • Used by over 250,000 traders
  • XTB is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR
Open XTB's Website

Your capital is at risk

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

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

With this 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 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.


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 17 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 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.

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.

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

Your capital is at risk

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

Broker XTB Pepperstone eToro FXPrimus
Year Established 2002 2010 2006 2009
Head Office Poland Australia Cyprus, UK Cyprus
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 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Used By 250,000+ 10,000+ 10,000+ 10,000+
Negative balance protection Yes Yes No No
Guaranteed Stop Loss Yes No No No
Learn More Visit XTB Visit Pepperstone Visit eToro Visit FXPrimus
Risk Warning Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Losses can exceed deposits

XTB Pros and Cons

What we like about XTB

  • Used by over 250,000 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
  • 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 Financial Regulation and Supervision 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 Awards

XTB have won numerious industry awards over the 16 plus 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 General Fees

  • XTB withdrawal fees varies on payment method
  • XTB doesn't charge inactivity fees
  • XTB doesn't charge deposit fees
Broker XTB Pepperstone eToro FXPrimus
Min Deposit 0 200 200 100
Withdrawl Fees varies No Yes Varies
Inactivity Fees No Yes Yes No
Deposit Fees No No No Varies
CFD Commission Fees Yes Yes No No

XTB Commissions

  • XTB does charge commission on CFD shares.

What can you trade with XTB?

You can trade a wide variety of instruments with XTB over 1,500 instruments infact.

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

Compare XTB with Pepperstone and eToro below.

Your capital is at risk

Broker XTB Pepperstone eToro FXPrimus
Instruments Available 1,500 100 100 100
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies Visit XTB Visit Pepperstone Visit eToro Visit FXPrimus
Forex pairs offered 50 70 50 45
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 No
Commodity CFDs Visit XTB Visit Pepperstone Visit eToro Visit FXPrimus
Commodities Offered 21 16 0 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes No Yes No
Indiced & Stock CFDs Visit XTB Visit Pepperstone Visit eToro Visit FXPrimus
Stocks Offered 1696 60 957 60
UK Shares Yes No Yes Yes
US Shares Yes No Yes Yes
German Shares Yes Yes Yes No
Japanese Shares Yes No Yes No

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 Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • 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

What funding and withdrawl methods do XTB accept?

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

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Payoneer
  • Neteller
Broker XTB Pepperstone eToro FXPrimus
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes No
Skrill Yes Yes Yes No
Payoneer Yes Yes Yes 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.

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.

As a nice bonus, 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 trader, accounts and 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.

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 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.

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 Pepperstone eToro FXPrimus
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, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian
Learn More Visit XTB Visit Pepperstone Visit eToro Visit FXPrimus
Risk Warning Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. 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, 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:

  • 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 10 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 their website 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 12th August 2018.

Watch this XTB Informational Video

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 16 years.
  • XTB has a reasonable sized client support call center 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. 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

Your capital is at risk

XTB Frequently Asked Questions

Can I try XTB before I buy?

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

What funding methods do XTB accept?

XTB offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Skrill, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

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. 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.