316
General Information

Broker Name: XTB
Broker Type: Forex
Country: UK
Operating since year: 2002
Regulation: FCA, IFSC, CySEC, BaFin, CNMV in Spain.
Address: Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom
Broker status: Regulated
Customer Service
Phone:Account Opening
+357 25725351
Office
+357 25724350
24/5 Support
+357 25725352
Email: [email protected]
Languages: English, Italian, Danish, Dutch, French, German, Greek, Norwegian, Arab, Portuguese, Russian, Spanish, Swedish, Turkish, Chinese, Polish, Romanian, Japanese, Czech, Finish.
Availability: 24/5
Trading
Trading platforms: MT4, xStation 5
Demo account: Yes
Mobile trading: Yes
Web-based trading: Yes
Bonuses: Yes
Account
Minimum deposit ($): 250
Maximal leverage: 1:200
Spread: Yes
Scalping allowed: Yes

XTB LOGO

XTB Review 2020

Online Trader General Info

The XTB Ltd was founded in 2002. It has satellite offices in up to thirteen countries in the world, including Germany, UK, France, Poland, and Turkey. The company offers a wide range of financial instruments.

XTB’s International branch offers XTB Islamic accounts: No Swaps, no hidden costs or commission charged.

Protection and Regulation

XTB has official licenses, with five leading regulators. XTB is a considerably low-risk Broker Company. Here is the list of these regulators:

  • Financial Conduct Authority (XTB UK)
  • CySEC, Cyprus Securities and Exchange Commission (XTB Europe)
  • Belize International Financial Services Commission under license number (XTB International)
  • Polish Securities and Exchange Commission and Financial Supervision Authority (X-Trade Brokers DM)
  • CNMV – Comisión Nacional del Mercado de Valores (XTB Spain)
  • The XTB onlne broker is in the middle of getting a license for its South Africa Entity

XTB online trading

Account Opening

The account opening process with XTB broker is quite an easy, straightforward three-step process. In this case, a client gets to choose between a pro account and a standard one. New users are first required to fill out a registration form online. Afterward, client receives a confirmation mail on the registered email address.

After confirmation, the second step consists of sending verification documents to the XTB verification department. The verification documents are proof of identity and residence verification. The third step is funding the account. ­­­

The process is different for UK residents who open an account with XTB UK, where most of the account applications are instant. Besides, Germany residents are not required to send verification documents since the process is done via video call.

XTB is listed on the Warsaw Stock Exchange.

Customers can choose between the standard and pro account. The difference between these two is the spreads and lot sizes available to trade. The pro account offers much more competitive spreads that start from 0.28 pips. The standard account charges fixed spreads that start from 0.35 pips. Overall, the account opening process and the account types are suitable for all types of traders.

Commissions, XTB Fees, and Spreads

XTB operates on both the fixed spread and commission-based pricing.  It offers a Standard and a commission-based Pro account. In terms of commissions and fees, each account comes with its execution method and spread model. Overall, spreads are competitive. The pro account offers the lowest spreads with EUR/USD pair. The spreads are as low as 0.2 but has an additional small commission. The standard account has zero commissions and a fixed spread of 0.8 for EUR/USD. Besides, XTB does not charge any hidden charge on account maintenance and trade entry. The company has a transparent pricing policy for all its services.

Account Types

The XTB broker has 3 live account types available. Namely: Stamdard, Pro and Islamic account.

Standarrd pro and islamic accounts

Web and Desktop Trading Platforms

XTB has two trading platforms. One is the popular MT4. For the second one, XTB has offered a rival platform to the MT4 in the form of its proprietary platform, the XStation5. The MT4 is a popular platform among forex traders. MT4 has nine timeframes, three chart layouts, 80+ indicators, and 37 language options. It allows for expert advisors automated trading strategies. The platform allows traders to save chart settings as their preferred templates.

XTB Web and Desktop Trading Platforms

A xStation5 has an equity screener and calculator. xStation5 is equally potent software with a simple layout and matches the standards of the most revered trading platforms. A xStstation5 has a collection of technical analysis tools like  RSI, moving average, Fibonacci, and much more. The platform allows traders to compare charts and check the trader’s statistics. Also, xStation5 users can peak at other traders’ markets positions. Traders can also use the mobile version of the platform xStation mobile app currently available only for android.

All in all, the xStation is a powerful premise and in a way an equal match to the MT4.

Mobile Trading Platforms

Moreover, XTB mobile apps are available on Android and IOS. The mobile platform has many similarities to the desktop version with a few differences in the icons and other minor details. The asset list is the same; the charts are the same too. There is a live chat function inbuilt in the app, and the client can contact the customer support team on the go. The mobile trading is available for both the real and demo accounts.

MOBILE TRADING PLATFORMS

Trading Features

For all of its traders, XTB has a leverage policy of 1:30 maximum. It complies with the regulations stipulated by its license provider, the Financial Services Authority – FCA.

However, there are exceptions to this rule. The “elected professional” club’s members can take advantage of maximum XTB leverage of 1:200, though this comes with very demanding terms. The traders are required to make ten trades per quarter or have an account portfolio exceeding €500,000. Besides, they must prove they have worked as a financial expert for more than one year. Notably, traders who are members of this club rights lose some of the FCA conditions.

 

Bonus and Promotions

Moreover, XTB offers fair bonuses and promotions for all its members and partners. XTB’s licenses bind it to offer no bonuses to its customers. For example,  FCA and CySEC are very strict on that matter. Bonuses are a very good way to solicit customers to make deposits in return for very appealing bonuses. However, bonuses are often tied to unrealistic trading volume requirements, and most of them were unachievable. That left many traders frustrated. As a result, the FCA and CySEC conditions came in to protect the customers’ interests against these kinds of broker manipulations.

XTB only offers discounts, loyalty points, and an affiliate program – especially for EU traders, through referring a friend. The website owners make money by opening and funding the XTB account. The affiliate program rewards those partner members, whose advertisement banners and links promote XTB website and suggest users sign up page. Traders who live outside the European Economic Area get $1,000 bonus for every trader they bring on board and become an XTB member.

BONUS XTB

Deposit and Withdrawals Options

Moreover, XTB provides a multicurrency wallet.  Thus, traders can fund their accounts using cards, e-wallets, or bank transfers. XTB offers its traders a variety of ways to make deposits and withdrawals. These are bank transfers, Visa, PayPal, MasterCard, Paysafecard, Maestro, Neteller, and Skrill.

DEPOSIT and withdrawal options

E-Wallets like Skrill and Paypal have a transaction charge of 2% of the deposited amount, while card and bank transfer payments are free of charge. Traders can make deposits using any of the following currencies GBP, EUR, USD, and HUF. XTB processes deposits instantly for most of the money transactions, withdrawals, and deposits which are made before 1 pm UK time. However, Bank transfer transactions have a lag time of three business days. Traders are required to make an initial XTB minimum deposit equivalent of USD/EUR/GBP 250.

Depositing XTB is done in three easy steps. The user is required to first log in to the online XTB account. The second thing to do is to click on the deposits, and the final process is selecting a deposit method and making the deposit. ­­

deposit is done in three easy steps

Moreover, the withdrawal process is quite the same as the deposit process. Thus, to initiate a withdrawal, the client has to first log in to the XTB online account then click on the “withdraw” tab. Afterwards, the client chooses the amount he or she wants to withdraw and clicks on the green OK tab. The transaction periods are identical to the deposit ones.

 

Research Tools and Insights at XTB

XTB’s most interesting analytical tools are the screeners, heat maps, and sentiment indicators. These tools are available through XTB’s website and within the trading application. The news feed and analyst blog include some actionable technical and fundamental analysis throughout the day.

The calendar is very good, easy to use, and integrated into the trading platform. Most of the research tools are found within the proprietary trading platform xStation 5. However, some other features, like testing, are accessible in MetaTrader4.

 

XTB Education

XTB has a library of videos and informative trading related articles. Its education is easy to find and navigate. The section is free to view for any website visitor. The website has a premium education too. The educational materials include videos and articles for basic and intermediate traders, but none for expert traders.

EDUCATION levels
The material is a step-by-step course, that covers basic trading concepts, risk management, and trading strategies. FAQ section is covering hot topics such as regulation, account funding, and a trading glossary. XTB’s basic, intermediate, expert and premium courses created an obvious path to learn.

 

Customer Support

XTB’s reliable customer support is available whenever the markets are open via phone, chat, and email. XTB operates a 24/7 customer support desk. The client can reach out for help via the following means:

  • Live Chat – The live chat option is available across almost all of XTB’s platforms, including a mobile app, XTB demo platform, and live trading platform;
  • Email – The customer support online offers help in several international languages such as French, English, Spanish, Arabic, Italian, Chech, Portuguese, German, Polish, Russian, Chinese, and Slovak;
  • Phone support.

Notably the XTB customer support is reliable and has an instant and effective response to a solution to customer inquiries.

XTB Review Conclusion

The XTB provides access to a variety of markets such as indices, metals, XTB forex, shares, commodities, and even cryptocurrencies. Overall, spreads, trading costs, and account fees are about average for the industry. XTB traces its history back to Poland and is registered with the Polish Financial Supervision Authority. The company is regulated by financial conduct authority
FCA. Two trading platforms: custom made xStation 5, and MetaTrader 4 are available for the desktop along with mobile applications.

Advantages

  • 3000 trading markets;
  • User-friendly research tools;
  • Regulated;
  • Price Alerts.

Disadvantages

  • Stop losses are only available on the basic accounts;
  • An initial investment of $250.

We hope our XTB review was useful, and you also found the information you were searching for. Make sure to find additional information before you start trading.  We wish you good luck trading!

Overall
4.5
  • Support
    (4.5)
  • Platform
    (4.5)
  • Spread
    (4.5)
  • Trading Instrument
    (4.5)


You might also like

316 Comments

  1. Layla Ruwolt November 30, 2022
  2. Imogen Wylde November 23, 2022
  3. Jeremy Mathew November 21, 2022
  4. Seth Leschen November 16, 2022
  5. Natasha Quentin November 14, 2022
  6. Ruby Le Messurier November 9, 2022
  7. Zara Bunning November 2, 2022
  8. Hannah Nanson October 31, 2022
  9. Ava Kramer October 26, 2022
  10. Rose Schneider October 24, 2022
  11. Bella Wakelin October 19, 2022
  12. Zachary Lambe October 17, 2022
  13. Jeremy Pitt October 12, 2022
  14. Riley Bower October 10, 2022
  15. Jackson Gould October 5, 2022
  16. Bailey Richardson October 3, 2022
  17. Maya Grainger September 28, 2022
  18. Logan Charleston September 26, 2022
  19. Jessica Jose September 21, 2022
  20. Oscar Pratt September 19, 2022
  21. Mikayla Mansell September 14, 2022
  22. Jeremy Drakeford September 12, 2022
  23. Caitlyn Nona September 7, 2022
  24. Eve Leonski September 5, 2022
  25. Sarah Shoobridge August 31, 2022
  26. Isla Toohey August 29, 2022
  27. Stella Winterbotham August 22, 2022
  28. Cody Poole August 17, 2022
  29. Seth Northey August 15, 2022
  30. Piper Sutcliffe August 10, 2022
  31. Kayla Byrne August 8, 2022
  32. Seth McGowan August 3, 2022
  33. Caitlin Coane August 1, 2022
  34. Natasha Collingridge de Tourcey July 27, 2022
  35. Poppy Beirne July 25, 2022
  36. Jack Bedggood July 20, 2022
  37. Jett Huffer July 18, 2022
  38. Flynn Lay July 6, 2022
  39. Matthew Rehfisch July 4, 2022
  40. Brock Cronin June 15, 2022
  41. Mackenzie Reeks May 23, 2022
  42. Gabrielle Vincent May 18, 2022
  43. Anna Strempel May 16, 2022
  44. Jamie Madden May 11, 2022
  45. Zane Jackey May 9, 2022
  46. Luke Mueller May 4, 2022
  47. Rose Fairfax May 2, 2022
  48. Claudia Swanson April 27, 2022
  49. Emma Boase April 25, 2022
  50. Rebecca Laidlaw April 20, 2022
  51. Alex Judd April 18, 2022
  52. John Buncle April 13, 2022
  53. Mitchell Mulligan April 11, 2022
  54. Jacob Collocott April 6, 2022
  55. Lilly Sherriff April 4, 2022
  56. Mikayla Kendall March 30, 2022
  57. Dean Craven March 28, 2022
  58. Cody Belstead March 23, 2022
  59. Zachary Cornish March 21, 2022
  60. Adam Galleghan March 16, 2022
  61. Mary Booth March 14, 2022
  62. Isabelle Paschke March 9, 2022
  63. Mariam Jeanneret March 7, 2022
  64. Oliver Pedder March 2, 2022
  65. Marcus Jenks February 28, 2022
  66. John McLucas February 23, 2022
  67. Isaac Rolando February 21, 2022
  68. Hugo Deering February 16, 2022
  69. Evie Greenup February 14, 2022
  70. Ethan McGrath February 9, 2022
  71. Stephan Hahn February 7, 2022
  72. Jesse Tivey February 2, 2022
  73. Jasper Lanigan January 31, 2022
  74. Seth Sheahan January 26, 2022
  75. Karolin Nacht January 24, 2022
  76. Beau Nugan January 20, 2022
  77. Manuela Nadel January 17, 2022
  78. Gabriella Heritage January 12, 2022
  79. Stella GoulburnStella Goulburn January 10, 2022
  80. Phillipp Abendroth January 5, 2022
  81. Alexis Barkman January 3, 2022
  82. Jonathan Lynn December 29, 2021
  83. Cody Keane December 27, 2021
  84. Alexandra Brookes December 22, 2021
  85. Madeline Schutt December 20, 2021
  86. Jessika Kohler December 15, 2021
  87. Declan Bendrodt December 13, 2021
  88. Zoe McKenzie December 8, 2021
  89. Ellie Donohoe December 6, 2021
  90. Vladlen Alexeeva November 29, 2021
  91. Maddison Alleyne November 24, 2021
  92. Zoe Humphries November 23, 2021
  93. Caitlin Heidenreich November 17, 2021
  94. Audrey O'Reily November 15, 2021
  95. Bianca Ogilvy November 10, 2021
  96. Gabriele Klug November 8, 2021
  97. Cameron Whyte November 4, 2021
  98. Samantha Mackinolty November 2, 2021
  99. Toby Dadson October 27, 2021
  100. George Coldham October 25, 2021
  101. Brock Kieran October 20, 2021
  102. Chloe Crace October 18, 2021
  103. Will Lennon October 13, 2021
  104. Xavier Marks October 11, 2021
  105. Martina Dresner October 6, 2021
  106. Jamie Pugh October 4, 2021
  107. Lincoln Sinclaire September 29, 2021
  108. Catherine Devoe September 27, 2021
  109. Koby Baylis September 22, 2021
  110. Matthias Mueller September 20, 2021
  111. William Tuckfield September 15, 2021
  112. Toby Dullo September 13, 2021
  113. Isaac McBryde September 8, 2021
  114. Ashton Cockett September 6, 2021
  115. Renata Yefimova September 1, 2021
  116. Abigail Hollinworth August 25, 2021
  117. Inna Sergeyeva August 23, 2021
  118. Niklas Kohler August 19, 2021
  119. Mathias Pfaff August 17, 2021
  120. Christine Scherer August 11, 2021
  121. Leah Adams August 9, 2021
  122. Thomas Bauer August 4, 2021
  123. Ruslan Woronoff August 2, 2021
  124. Maximilian Farber July 28, 2021
  125. Rostislav Degtyarev July 26, 2021
  126. Murat Volkov July 21, 2021
  127. Flynn Gullett July 19, 2021
  128. Patrick Ebersbacher July 14, 2021
  129. Farid Evseyev July 12, 2021
  130. Angus Tomholt July 7, 2021
  131. Katie Elkington July 5, 2021
  132. Ruby Dana June 30, 2021
  133. Melania Nekrasova June 28, 2021
  134. Jennifer Beyer June 23, 2021
  135. Marina Konig June 21, 2021
  136. Sandra Gaertner June 21, 2021
  137. Nicolette Pinette June 16, 2021
  138. Avent Desforges June 16, 2021
  139. Marco Weisz June 14, 2021
  140. Simone Bayer June 14, 2021
  141. Maryse Charpie June 9, 2021
  142. Susanne Beauchamps June 9, 2021
  143. Mike Loewe June 7, 2021
  144. Sabine Schroder June 7, 2021
  145. Jayden Mullagh June 4, 2021
  146. Koby Simcha June 4, 2021
  147. Thais Konovalova May 26, 2021
  148. Julian Krylov May 26, 2021
  149. Andreas Fleischer May 24, 2021
  150. Brigitte Baumgartner May 24, 2021
  151. Sebastian Wurfel May 19, 2021
  152. Sarah Holtzmann May 19, 2021
  153. Hugo Dowling May 17, 2021
  154. Hayley Howden May 17, 2021
  155. Sabrina Wechsler May 12, 2021
  156. Jana Peters May 12, 2021
  157. Dominica Zuyeva May 5, 2021
  158. Ignat Lazarev May 5, 2021
  159. Leonid Avdeyev May 3, 2021
  160. Flora Vasilieva May 3, 2021
  161. Alexander Kuhn April 28, 2021
  162. Christina Abt April 28, 2021
  163. Anke Dresner April 26, 2021
  164. Robert Cole April 26, 2021
  165. Florian Trommler April 21, 2021
  166. Swen Schmitz April 21, 2021
  167. Monika Ackerman April 19, 2021
  168. Stephanie Bader April 19, 2021
  169. Heike Bergmann April 14, 2021
  170. Ulrich Baumgartner April 14, 2021
  171. Jörg Richter April 12, 2021
  172. Robert Schaefer April 12, 2021
  173. Hayley Muskett April 8, 2021
  174. Stephanie Cole April 6, 2021
  175. Arkhip Baryshnikov April 5, 2021
  176. Maria Hofmann April 2, 2021
  177. Melania Abakumova March 31, 2021
  178. Cyril Fokine March 31, 2021
  179. Dieter Schmitz March 29, 2021
  180. Martin Wurfel March 29, 2021
  181. Suzie March 29, 2021
  182. Aidan Coleman March 25, 2021
  183. Christian Nagel March 24, 2021
  184. Phillipp Theiss March 23, 2021
  185. Christabel Bourdette March 22, 2021
  186. Maryse Veronneau March 18, 2021
  187. Aubrey Ruest March 17, 2021
  188. Logan Madigan March 16, 2021
  189. Prokhor Seleznyov March 15, 2021
  190. Vlad Andrejew March 9, 2021
  191. Hugo Caesar March 4, 2021
  192. Neville Lazure March 2, 2021
  193. Jasper Guerard February 25, 2021
  194. Dirk Weber February 23, 2021
  195. Frank Baer February 18, 2021
  196. Crescent Marceau February 16, 2021
  197. Jörg Foerster February 9, 2021
  198. Antonina Nevzorova February 4, 2021
  199. Klaus Frey January 28, 2021
  200. Germaine Fortier January 26, 2021