XTB Broker Review, One of the largest FX & CFD brokers in the world, XTB provides customers instant access to a rich palette of tradable instruments and extraordinary trading parameters. Over 13 offices across the globe have been serving millions of customers for over 20 years.
With such rich experience and dedication, XTB has built a reputation as Europe’s largest brokerage service. Regulated and strictly supervised by FCA, KNF, CySEC, CNMV, and FSC, XTB is conducting a fully legal and credible business.
The XTB review brought to you by our diligent team describes the exact trading conditions, beneficiaries, and risks you take by investing with this company.
XTB Broker Pros and Cons
The programming team at XTB has developed a unique and reliable trading platform- xStation 5, and its proprietary mobile version- xStation Mobile. Low costs and fees imply affordable trading of several hundred financial instruments. At XTB, you can start trading with just $1. However, there’s an inactivity fee and the fee that follows low withdrawal amounts.
Despite the multiple licenses, not every trader is protected by premium regulatory standards. Non-EU and traders not in the UK fall under the FSC regulation which isn’t as reliable and protective of securities investors.
|Regulation||FCA, KNF, CySEC, CNMV and FSC|
|Platforms||xStation 5, xStation Mobile|
|Instruments||Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs|
|Demo Account||Available for 28 days|
|EUR/USD Spread||0.1 pips|
|Base Currencies||EUR, USD, GBP, HUF|
|Education||Articles, E-books, Webinars, Live sessions|
Is XTB Broker Regulated? License and Security
The EEA zone and the UK have somewhat similar licensing standards. The brokerage houses wanting to establish a long-lasting and sustainable business have to invest a considerable amount of cash first. Following that, the highest security standards of deposit keeping are obligatory. Leverage limitation to 1:30 and negative balance protection also fall under that.
One of the most important aspects of conducting a legitimate brokerage scheme is transparency, both in the aspect of company info and background and money transactions. In the EU, an independent regulatory body – ESMA has created the MiFID directive that contributes to enhanced customer protection and transaction reporting as an AML measure.
The regulatory bodies that have given XTB a valid license are FCA (UK), KNF (Poland), CySEC (Cyprus), CNMV (Spain), and FSC (Belize).
Traders that reside outside of Europe and the UK have their rights protected by the FSC. It is known that offshore licenses are far looser and less strict toward brokers. For that reason, international clients are advised to thoroughly check the rules relating to investing and money security.
Account Types Offered by XTB Broker
Standard and Swap Free accounts are what XTB offers on their website. Tailored to suit every trader’s needs, both accounts bring certain benefits, advantages, and pricing.
If you are looking for low spreads starting from 0.5 pips and no commission, traders can open Standard accounts. On the other side, there are Swap Free accounts that include spreads from 0.7 pips and are swap-free.
Other general features that are common to both account types are leverage of up to 1:500 (depending on the regulatory zone), xStation being the available trading platform, and over 2100 tradable assets to invest into.
Opening either of the accounts and maintaining them is completely free and there’s no minimum deposit requirement. Your trading account will be classified as dormant after 12 months of inactivity and XTB will start charging you €10 monthly.
Trading Platforms Overview
Designed to deliver the wanted results, the xStation trading platform is designed by XTB and developed to reach the expectations of every type of trader. The award-winning service has superior performance speed and instant execution of trades. On top of that, it’s completely free and easy to use.
With this level of customization and comprehensiveness, xStation is easily navigated and understandable. What distinguishes this platform from others is the choice of over 4000 instruments, trading wherever you are, and the simple yet intuitive design to manage your investments more quickly.
Fully compatible with Chrome, Firefox, Safari, and Opera, the static web trader allows access to various markets and speedy trading without any downloads or installations. Trading on the go, wherever you are, and however your time allows is also an option with the mobile version. xSation Mobile application is enabled for downloading from the Apple and Google store.
Trading Instruments Available at XTB Broker
XTB is a reputable broker with trading conditions that are currently the best offer on the market. Over 2100 available instruments are tradable with spreads from 0.5 pips and very low commissions. Leverage is highly variable and it is adjusted based on every trader’s location.
The most popular tradable assets are sorted into the following groups:
- 48 currency pairs with spreads from 0.1 pips (EUR/USD, EUR/GBP, USD/GBP, EUR/JPY, AUD/NZD, EUR/PLN)
- Over 20 Indices from the USA, Germany, and China with up to 1:500 leverage (RUS50, UK100, EU50, DE30, FRA40)
- Metals, energies, and soft commodities (gold, silver, natural gas, wheat, cocoa, corn, coffee, oil)
- CFDs on more than 2100 equities with up to 1:10 leverage (Deutsche Bank, Barclays, Amazon, Tesla, Facebook, Boeing, AMD)
- 60 ETF CFDs with leverage up to 1:10 (ARK Genomic Revolution, Vanguard Intermediate-Term Bond, iShares MSCI)
- Crypto (Bitcoin, Ethereum, Litecoin, Polkadot, Cardano, Tether)
Deposit and Withdrawal Methods
The company approves deposits through several methods of performing transactions. Some of the funding channels may be followed by additional fees. XTB is not responsible for fees that occur during the conversion of currencies, in case the client is trying to deposit in another currency than what is accepted. Payment methods can also differ depending on the area of residence of the investor.
- Bank transfers can be processed only in USD. These transactions are fee-free as far as XTB is involved, but the bank may charge the transfer fee, especially for international transfers.
- Credit cards (Visa, MasterCard, Maestro) are accepted as a funding method in one currency – USD. Depositing via cards is free of charge and instant.
- E-wallet transactions are mostly charged, depending on the concrete case. Paysafe (previously known as Skrill) charges 2% of the amount, SafetyPay charges 1.5% and Neteller deposits cost 1% of the deposit amount.
The standard processing time for withdrawal requests is 1 business day. It may take a bit longer for the funds to get to the client’s account but never more than a few working days. Withdrawals of less than $50 will be charged an additional commission of $30.
XTB Broker Customer Support
XTB provides several channels for clients to communicate their problems and ask for solutions. Contacting customer support is possible through
- The general email is given on the site – [email protected]
- Several phone numbers of the offices across the world and depending on the department and the problems they deal with (i.e. account opening and 24/5 chat support)
- Live chat feature on the website to get in touch with a support agent and discuss possible ideas on how to solve the issue
- The website gives detailed maps on how to find the offices if you happen to be physically close to one.
The support is multilingual and clients coming from areas with different native languages can also get advice on resolving technical and other problems in their mother language. A single downside to the customer service at XTB is their 24/5 availability.
XTB Broker Overall Summary
XTB is a reputable brokerage giant serving millions of customers worldwide. Their impeccable service, low costs, and advanced trading platform make this company a desirable partner on the market. Licenses issued by FCA, KNF, CySEC, CNMV, and FSC confirm XTB to be reliable and a credible broker entity.
All additional information is clearly presented on the web page and you can find all relevant data considering the account opening, installing the software, and investment. The Learn to trade section contains more input on using the benefits of the platform, so feel free to explore, learn and test the trading environment.
The pricing at XTB is exceptionally low and it puts this firm among the top companies in the ever-changing Forex market. XTB appropriately protects its customers and stands up for fair and amiable trading conditions. Opening a Demo account could help you get to know the exact conditions and how to use them in your favor.
FAQs About XTB Broker Broker
Is the XTB Broker Platform Reliable?
Yes, this broker is fully licensed and is therefore reliable. Customers’ funds are protected and the broker is fully transparent and honest about their policies and conditions of trading.
How Long Does an XTB Broker Withdrawal Take?
Withdrawal requests are processed in the first 24 hours after application while it could take several business days for the funds to get to the account.
Does XTB Broker Have a Live Chat Feature?
Yes, the live chat feature is available on the website and you can directly message the support agent to ask for help in resolving any issues.
What Is the Minimum Deposit at XTB Broker?
There is no minimum amount you have to deposit to start trading with XTB. You can invest as little as $1 and start buying and selling financial instruments.
Does XTB Broker Have a Mobile Trading Application?
XTB has a dedicated mobile application called xStation Mobile app. It is fast and reliable for all traders who wish to trade on the go.