Published:
Modified:
341

XTB Broker Review 2024

Rate:
0
XTB Broker Review 2024
Demo account 1:500 maximum leverage Islamic account proprietary trading platform
Go to Website
Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:XTB
Founded:2002
Min Deposit:$1
Max Leverage:500
Headquarter:Warsaw
US Accepted:
About
XTB is a well-established Forex and CFD trading platform based in Warsaw that offers 2000+ tradable instruments, including stocks, ETFs, Forex, commodities, and indices, to its 1 million clients worldwide. This broker is regulated by Belize FSC and has 13 offices in various countries.
Contact
Prosta 67, 00-838 Skyliner, Poland
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Commission-free trading on stocks and ETFs
Regulated by top-tier authorities
Proprietary xStation 5 platform with advanced features
Wide range of tradable assets
Cons
Limited account types
Doesn’t offer MT5 trading platform
Charges inactivity fee

XTB, Founded in 2002, is a Poland-based investing platform and broker that offers trading services to over 1 million clients worldwide. Traders can buy and sell various stocks, ETFs, currencies, indices, and commodities with 1:30 maximum leverage.

With nearly two decades of experience and a global presence, XTB has become a go-to choice for traders seeking advanced technology and exceptional customer support.

In This XTB review, we will delve into what makes XTB stand out in the crowded broker landscape, exploring everything from its diverse range of tradable assets to its cutting-edge trading platforms.

XTB broker review
Reviewing XTB broker for traders in financial markets

XTB Broker Company Information and Regulation Overview

XTB has established itself as an excellent choice in the online trading world, boasting a client base of over 1 million traders. Founded in 2002, the company has grown exponentially, operating in more than 13 countries worldwide. XTB's commitment to transparency is evident in its regular disclosures of earnings and cash reserves, which instills confidence in its traders.

Key points about XTB's company information and regulation include:

  • Listed on the Warsaw Stock Exchange since 2016
  • Regulated by top-tier authorities including the FCA, CySEC, FSC, and KNF
  • Offers access to hundreds of global markets
  • Provides 24/5 customer support in multiple languages
  • Core values centered around trust and trader empowerment
XTB CySEC regulation
XTB is regulated by the CySEC financial authority

XTB Broker Summary of Specifications

XTB stands out in the crowded brokerage space with its comprehensive offering and trader-friendly policies. Here's a concise summary of XTB's key features:

Broker

XTB

Account Types

Standard, Islamic

Regulating Authorities

FCA, CySEC, FSC, KNF, DFSA

Based Currencies

USD

Minimum Deposit

$0

Deposit Methods

Visa/Master Card, Bank transfer, Neteller, Skrill

Withdrawal Methods

Bank transfer

Minimum Order

0.01 lot

Maximum Leverage

1:500

Investment Options

No

Trading Platforms & Apps

xStation 5, MT4, Mobile app

Markets

Forex, ETFs, stocks, indices, commodities, cryptocurrencies

Spread

Floating starting from 0.5

Commission

No

Orders Execution

Market

Margin Call/Stop Out

30%/30%

Trading Features

Demo account

Affiliate Program

Yes

Bonus & Promotions

No

Islamic Account

Yes

PAMM Account

No

Customer Support Ways

Email, live chat

Customer Support Hours

24/5

Restricted Countries

USA, North Korea, Iraq, Iran

XTB Account Types Overview

XTB simplifies its account structure by offering a single Standard account type for most traders. This approach ensures clarity and ease of use for clients. Here are the key features of XTB's account offering:

  • Standard Account: No commission on CFD markets (except Equity CFDs and ETFs)
  • Spreads: Costs built into slightly wider market spreads
  • Stock and ETF Investments: 0% commission up to €100,000 nominal investment per month
  • Leverage: up to 1:500
  • Demo Account: Available for practice and strategy testing

XTB's straightforward account structure eliminates confusion and allows traders to focus on their trading activities rather than navigating complex account tiers.

The broker provides detailed information tailored to different regions (UK, EU, non-EU/UK, and MENA) on their website, ensuring clients have access to relevant account details based on their location.

XTB Broker Advantages and Disadvantages

When considering XTB as your broker, it's important to weigh the pros and cons. Here's a balanced overview:

Advantages

Disadvantages

Wide range of tradable assets

Doesn’t offer MT5 trading platform

Commission-free trading on stocks and ETFs

Limited account types

Regulated by top-tier authorities

Charges inactivity fee

Proprietary xStation 5 platform with advanced features

XTB Sign Up and Verification Guide

Opening an account with XTB is a streamlined process designed to get you trading quickly. Here's a step-by-step guide:

  1. Visit the XTB website and click on "Create Account"
  2. Enter your email and choose your country of residance
  3. Enter your personal information
XTB broker sign-up process
Enter your personal details to register in XTB broker
  1. Verify your phone number
  2. Upload verification documents (ID, proof of address, and bank statement)

XTB Broker Trading Platforms

XTB's trading platform offers MetaTrader 4 and their proprietary xStation 5 platform, which is available on the web, desktop, and mobile versions.

XTB MetaTrader 4

MetaTrader 4 (MT4) is a popular trading platform widely used by traders for forex, stocks, and commodities trading. It offers advanced charting tools and automated trading features through expert advisors. Key features of MetaTrader 4:

  • Customizable charts with multiple timeframes
  • Support for Expert Advisors (EAs) for automated trading
  • Real-time price feeds and in-depth market analysis
  • Secure and reliable with encryption for data protection

Links:

xStation 5

xStation 5 is a user-friendly yet powerful platform with advanced charting tools available on desktop and mobile. Here are some of the reasons that make this platform standout:

  • Real-time market data and news feeds
  • Advanced risk management tools
  • Heat map
  • Customizable interface and watchlists
  • Integrated economic calendar
  • Sentiment analysis tools
XTB xStation 5 trading platform
XTB broker offers its trading services through its trading platform called xStation 5

XTB Broker Fees

XTB's pricing structure is competitive and transparent, with different models for CFD instruments and ETFs

Tradable instruments

STC & ETFs

CFD instruments

Commission

0

0%

Spread

N/A

Floating starts from 0.5 pips

Deposit fee

No

No

Withdrawal fee

No (above %50)

No (above %50)

Inactivity fee

Yes

Yes

Currency conversion fee

0.5%

0.5%

It's important to note that spreads can widen during volatile market conditions. XTB's pricing structure caters to different trading styles, allowing clients to choose between spread-based or commission-based trading.

Deposit & Withdrawal methods in XTB broker

It’s time to explore deposit and withdrawal in our XTB review. This broker offers a variety of deposit and withdrawal options to suit different client needs:

  • Bank Transfer
  • Credit/Debit Cards
  • E-wallets (Skrill, Neteller)
XTB deposit methods
XTB broker offers various deposit, methods including debit/credit cards, bank transfers, and online payments

Key points about XTB broker:

  • Free deposits and withdrawals for most methods
  • 2% fee for Skrill and 1% for Neteller deposits (non-EU/UK clients only)
  • Easy deposit process through the xStation platform or Client Office
  • Verification required before the first withdrawal

Here's a quick guide to deposit funds to XTB broker:

  1. Login to your client office;
  2. Choose the deposit method;
  3. Choose the trading account you wish to deposit funds to;
  4. Enter the deposit amount and enter the neccessary inforamtion to complete the process.

XTB's flexible and cost-effective deposit and withdrawal options make it easy for traders to manage their funds efficiently.

Investment Options Offered by XTB Broker

XTB is mainly focused on traders who invest or trade on their own and don’t use passive investment options. This could be a major downside for traders who seek copy trading or social trading since XTB doesn't offer them. If you are interested in investment options, we suggest checking out AVA Trade, eToro, and Pepperstone.

XTB Tradable Instruments & Symbols

XTB offers an impressive array of tradable instruments:

  • Stocks: 36000 stocks from EU and US market
  • ETFs: 350+ ETFs from major fund managers
  • Forex: over 70 currency pairs
  • Commodities: 25 commodities, including gold, silver, and oil
  • Indices: 30+ indices
XTB Forex trading
XTB offers 70 different currency pairs for forex traders

XTB's wide range of markets and symbols caters to diverse trading strategies and preferences. It’s also worth mentioning that the broker claims to have cryptocurrencies, but there is no accurate data on the website about this.

XTB Bonuses and Promotion plans

XTB doesn’t offer deposit and welcome bonuses for traders in financial markets. Instead, they have an affiliate program that allows traders to set up a marketing campaign to promote XTB products and receive high commissions.

XTB Support

XTB provides excellent customer support with its 24/5 customer service availability and various contact channels, including:

  • Live chat: available on the website
  • Email: sales_int@xtb.com
  • Phone support: +48 222 739 976

XTB's commitment to customer support extends beyond just problem-solving, with a focus on educating and empowering traders.

While XTB accepts clients from most countries globally, there are some restrictions:

  • Europe: Belgium, Albania, Bosnia and Herzegovina,
  • Africa: Venezuela, Laos, Libya, Congo, Mozambique, Venezuela
  • Australia: Australia, New Zealand
  • Asia: Iran, Iraq, Indonesia, Syria, Pakistan, Hong Kong, Afghanistan, Singapore, South Korea, Japan, Yemen, Turkey
  • South America: Panama, Macao
  • North America: USA
XTB broker restricted countries
XTB doesn’t allow traders from these regions to create an account in this broker

XTB Trust Scores in Customer Review Websites

XTB has mixed reviews and trust scores on popular review websites, including a 2.9 out of 5 score in ForexPeaceArmy.

XTB Trustpilot score
XTB has gained mixed reviews on the Trustpilot website

Many traders criticized strict account opening policies and withdrawal delays in XTB broker.

XTB Education

XTB values proper education and offers precious knowledge about various markets and its trading platform through the education tab on the main website.

In its comprehensive knowledge base, XTB offers various articles and guides regarding Forex trading and using the XTB platform. But it doesn’t end there.

 XTB broker also has a complete section for detailed market news, from stock changes to the effect of financial policies on different markets. XTB's commitment to education helps traders develop their skills and make informed trading decisions.

TF Expert Suggestion

As an investing platform and an active broker since 2002, XTB offers excellent services to market participants. This broker has gained great reputation in the brokerage space by offering a secure trading environment under supervision of well-known authorities, including CySEC, FCA, KNF, and more.

The broker's commitment to education, transparent pricing, and excellent customer support further enhances its appeal. While there are some limitations, such as the absence of an MT5 trading platform and the lack of cryptocurrencies, XTB's overall package remains highly competitive. In the end, traders should review this broker’s offerings with other brokers and decide whether to open an account with this broker.

FAQs

Is XTB broker regulated?

Yes, XTB is regulated by several top-tier authorities, including the FCA, CySEC, and KNF.

Are there any minimum deposit requirements with XTB?

No, XTB does not have a minimum deposit requirement for standard accounts.

What is the maximum leverage in XTB broker?

The maximum leverage in XTB broker is 1:500.

What are XTB broker deposit methods?

Bank transfer, credit/debit cards, Neteller, and Skrill are the deposit methods of XTB broker.

Does XTB broker offer services to US citizens?

No, XTB doesn't accept US traders.

score of blog
5 From 5.0
(1)
Rate this post
0Comment