Table of Contents

XTB Review

Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol XTB.

First published on :  January 17, 2022 | Updated on : February 16, 2022
Risk Warnings: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% 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.

Editor’s Verdict​

[wpsm_reviewbox regular=1]

XTB Overview

Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol XTB.
With XTB, you can trade on over 2,100 global markets and gain access to a broad asset class of more than 4,000 instruments. These include forex currency pairs, stock and ETF CFDs, stocks, indices, commodities, and cryptocurrency. For forex, you can trade 48 different currency pairs. The currency pairs also include the most popular, such as EUR/USD, GBP/USD, and EUR/GBP.

XTB Pros & Cons

XTB charges low forex CFD fees and provides commission-free stocks and ETFs up to €100k monthly trade volume. Deposit and withdrawal are fast and mostly free, and multiple options are available including credit/debit cards and electronic wallets. Account opening is also fast and user-friendly.
On the negative side, fees charged for stock CFD trading are high. XTB has a limited product portfolio, covering mostly CFDs, although real stocks and ETFs are also available for some European clients. Additionally, XTB offers only basic fundamental data

XTB Promotion

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 Offer 30% cashback rebates and 50% welcome bonuses for international clients
XTB International Up to 30% Lower Spreads group discounts for EU clients (loyalty offer)

XTB Login

XTB offers traders a broad range of trading platforms, including a dedicated options trading platform and its proprietary mobile app and social trading platform. The available assets present a balanced mix, offering clients in-depth cross-asset diversification from a commission-free pricing environment.
The regulatory environment at XTB is outstanding and one of the most trusted industry-wide. XTB segregates client deposits from corporate funds and offers negative balance protection. Select jurisdictions also maintain an investor compensation fund.
From our XTB experience, many new customers also ask if XTB is a market maker. The provider is not a market maker and gives customers Direct Market Access (DMA). The platform is directly connected to well-known exchanges and liquidity providers. In summary, the conditions make a very good impression on me. XTB can clearly stand out from other providers due to its experience and expertise. Further down on this website, I will go into more detail on the individual topics.

XTB Trading Platform

XTB differentiates itself from other brokers through three main aspects:
The power of its platform xStation 5,
The level of educational and analytical material for all ranges of traders.
The open-door policy which includes a high level of support from its client support team.
XTB offers free educational material to their clients to learn how to trade, on a level which no other broker provides.
From its online Trading Academy (which is accessible from both the website and the platform), it also offers multiple packages like a Trader’s Library, Day Trading Guide and how to trade important events, such as Brexit and the US Elections

XTB Account Types

XTB provides three types of trading accounts.
Available accounts divided into Standard and Pro Account where you can choose either to trade with all costs built into a spread, which is Standard Account or Pro Account with commission basis.
Besides, there is a specified Islamic Account for traders following Sharia laws with suited conditions and applicable laws available once traders’ status is confirmed.

Depending on the regulation authority you choose. XTB can offer different account types. There are account types with an additional spread or account types with fixed commissions.

The leverage for private traders is 1:30 high and professional traders can upgrade to the high leverage of up to 1:500 (only for European clients). There is also a free demo account available and the minimum deposit for a live account is €0.

Thanks to the multiple languages-speaking branches, the broker can also score with competent support for traders! The support is active 24/5 weekdays and professionally handles your personal requests. In addition, there is a very large range of training opportunities. Webinars, e-books, and 1 to 1 coaching sessions are offered by the broker. From our experience, very helpful knowledge is passed on here for the first time, which is directly applied to the markets.

XTB broker review account type

XTB Trade Commission and fee

Spreads at XTB are variable, meaning that they fluctuate slightly. The size of the spread depends on the level of liquidity in the market. Liquidity describes the extent to which an instrument can be bought and sold quickly and without moving the market. Tighter spreads are typically seen when there is greater liquidity in the market.
starting from $0.8
Non-Trading Fees

XTB Trading Spreads and Fees

The XTB spreads vary based on the account type and market. Basic accounts have floating spreads, which can fluctuate on the available liquidity, while Pro accounts pay smaller commissions to obtain market-level spreads. In general, you can expect favorable spreads from XTB.

XTB charges low forex, indices, and stock fees. XTB also does not charge investors on withdrawals over $100. If you compare XTB vs other brokers, stock CFD fees are the one place where it’s higher than average. XTB does not charge any deposit, withdrawal or account closing fees. There is an inactivity fee of 10 units of your local currency per month after a year without making a trade and if no deposit was made in the last 90 days. This fee is fairly standard for the industry.

XTB broker spreads and fees

XTB Banking

You can start trading XTB assets as soon as you deposit funds. Fortunately, the process only takes a few seconds. Click on the ‘Deposits’ tab, select your trading account, and then review and confirm your payment method. XTB accepts bank transfers, credit cards, and e-wallets.

Start your withdrawal request by selecting your trading account and the desired amount of money. You will not have to pay a fee unless the withdrawal is less than $50. In these cases, the broker will charge you $30.

Withdrawal methods also vary for XTB International users. They can only withdraw funds where they are the account holder. Once they review and submit the request, XTB will process the transaction in one business day.

 

XTB Customer support

European clients of XTB have access to 24/5 support, while international clients are able to reach support 24/7. Support is available in 20 languages.
XTB Customer Support via Chat
When using the chat feature, you are first answered by a bot, but if that answer is not sufficient you are passed on to a live operator. When testing phone support, our calls were answered almost immediately by a knowledgeable representative.

We tested customer support with a range of questions from easy to difficult and had a good experience overall.

XTB FAQ

How to open XTB account ?

To open an XTB account, you need to follow a few simple steps.
Choose account type

XTB offers you two types of accounts, i.e., Standard and Pro. Choose your desired account type.

Registration Form

To open an account with XTB, enter your email address and country of origin. Accept the terms and conditions, Click next and create your account password. The system will verify your details.

Create Account

Once registered, enter personal details like name, phone number, etc. You need to upload additional documents to verify your identity. You can upload bank statements, proof of identity, etc. via your xStation or XTB client office.

Fund your XTB account

Creating an XTB account is free of cost. However, you need to fund the account with an initial minimum deposit of $250, £250 or €250. You can deposit funds through the Client office or directly on xStation account.

At XTB, there are several ways to fund your account including PayPal, Paysafe, bank transfers, and credit/debit cards. Once you deposit the money, you are ready to start with no fear to lose money when trading.

Is XTB Right for You?

XTB is a provider you should consider if you want a low-cost broker. XTB offers clients with favorable spreads and a wide range of investing opportunities. If you can afford to take some risks with your investments, CFDs with this provider serve as potentially attractive and lucrative trading options.

XTB has an extensive track record and hundreds of thousands of clients worldwide to prove it. XTB’s regulating bodies, which ensure XTB Limited users up to £85,000 and X-Trade Brokers clients up to €20,100, include:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission
  • Komisja Nadzoru Finans Owego
  • Comisión Nacional del Mercado de Valores
  • The International Financial Services Commission

is XTB have educational resources?

The introductory trading academy answers frequently asked questions. It provides an easy-to-follow review of terms, such as FX trading, CFD trading, market sentiment, and mobile trading. The XTB website even has extensive breakdowns of how to use xStation 5 and MT4, so you can hit the ground running when you trade.

The intermediate lessons cover various assets, such as forex, indices, commodities, and cryptocurrencies, and more details about xStation 5. Expert courses, which XTB says are coming soon, should provide granular analysis of trading tools, the market review process, and trading conditions.

does XTB have support?

European clients of XTB have access to 24/5 support, while international clients are able to reach support 24/7. Support is available in 20 languages.

XTB Customer Support via Chat

When using the chat feature, you are first answered by a bot, but if that answer is not sufficient you are passed on to a live operator. When testing phone support, our calls were answered almost immediately by a knowledgeable representative.

We tested customer support with a range of questions from easy to difficult and had a good experience overall.

Does XTB support cryptocurrency trading?

Yes. The brokers can trade around 25 cryptocurrencies along with trading CFDs on the XTB platform.

Is there a mobile application for XTB?

Yes, XTB offers a fully-fledged mobile application for both Android and iOS platforms. There is also a smartwatch XTB app. Just tap and get started with trading CFDs and other instruments.

Does XTB offer a demo account?

Yes, a free demo account is available for both the xStation 5 platform and MetaTrader 4.

 

XTB details

Users Reviews

Subscribe
Notify of
guest
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x

Follow US:

StocksJar Is A Comprehensive Investing Tool And Social Trading Network For Private Investors And Day Traders To Help Them To Gain An Advantage Before Trading.

this website uses cookies

We use cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies please read our cookies policy.