XTB Review 2019

XTB Rated 5/5

XTB Introduction

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, CySEC, 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

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, CySEC, 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.

What we like about XTB

  • Used by over 250,000 traders
  • Established in 2002
  • Regulated by Financial Conduct Authority, CySEC, 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 General Fees

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

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 Plus500 and Pepperstone below.

Your capital is at risk

FX / Currencies XTB Plus500 Pepperstone
Forex pairs offered 50 100 70
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 Plus500 Pepperstone
Commodities offered 21 17 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes No
Indiced & Stock CFDs XTB Plus500 Pepperstone
Stocks offered 1696 1816 0
UK Shares Yes Yes No
US Shares Yes Yes No
German Shares Yes Yes Yes
Japanese Shares Yes Yes No
XTB
Instruments
Plus500
Instruments
Pepperstone
Instruments

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
  • 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

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.

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 and email support.

What you will need to open an account with XTB

As XTB is regulated by Financial Conduct Authority, CySEC, 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 Video

XTB not quite right?

Check out these 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.

Related XTB Comparisons

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 some indepth XTB VS pages below.

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, CySEC, 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.