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 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 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 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:
- Visit the XTB website and click on "Create Account"
- Enter your email and choose your country of residance
- Enter your personal information
- Verify your phone number
- 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 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)
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
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 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.
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.
Many traders criticized strict account opening policies and withdrawal delays in XTB broker.
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.
