XTB Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

XTB Video Review

Investor Protection & Regulations

“The XTB Group includes entities that are authorised and regulated by the UK Financial Conduct Authority, the International Financial Services Commission in Belize , the Cyprus Securities and Exchange Commission, the Komisja Nadzoru Finansowego in Poland and the Comisión Nacional del Mercado de Valores in Spain.”

The XTB Group includes entities that are authorised and regulated by different regulators around the world.

This includes regulation from the International Financial Services Commission in Belize, as confirmed on their register below:

As well as authorisation and regulation from the UK Financial Conduct Authority, as confirmed on the FCA register below:

As well as authorisation and regulation from the Cyprus Securities and Exchange Commission, as confirmed on the CySEC register below:

XTB is also regulated by the Komisja Nadzoru Finansowego in Poland and the Comisión Nacional del Mercado de Valores in Spain.

Investor protections vary based on the jurisdiction. However, the XTB Group does offer client protection by segregating client funds from company funds as shown below:

Tradable Products

“XTB offers users the ability to trade on more than 1,500+ CFD instruments covering Forex, Indices including Sectors, Commodities, Stocks, ETFs and Cryptos.”

XTB offers a wide range of CFD instruments to trade on covering all major asset classes such as 49 Forex, 42 Indices including Sectors, 22 Commodities, 1750 Stocks, 112 ETFs and 25 Cryptos.

Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the XTB website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened but are covered further down this review.

Account Opening

“XTB offers two core trading accounts called Standard and Pro. The features vary depending on jurisdiction but users can also have access to a free demo trading account.”

XTB offers three core trading accounts called Standard, Pro and Islamic. The features listed below are for accounts opened with the XTB UK which operates from London:

To open an account users can simply click, on Open Account and will then be taken to a live account opening page as shown below:

The account type opened will depend on your country of residence. However, once users are accepted they simply need to provide personal information, financial information and general ‘know your client’ details. Users will also need to upload verification documents to verify address and identity and agree to various terms and conditions PDFs.

The broker does not accept clients from the following countries: USA (& US dependants i.e. US Virgin Island/Minor outlying Islands), Australia, Canada, Japan, South Korea, Singapore, Mauritius, Israel, Turkey, India, Pakistan, Bosnia and Herzegovina, Ethiopia, Uganda, Cuba, Syria, Iraq, Iran, Yemen, Afghanistan, Laos, North Korea, Guyana, Vanuatu, Mozambique, Democratic Republic of Congo, Libya, Macao, Kenya.

Deposit & Withdrawals options

“XTB offers a variety of deposit methods such as bank wire transfer and credit cards which are fee-free and e-Wallets such as PayPal and Skrill which are fee-based. Withdrawals can only be made via bank wire transfer.”

XTB offers a variety of deposit methods such as bank wire transfer, credit cards and e-Wallets such as PayPal and Skrill. Both bank bank transfer and credit or debit cards are fee-free with fees payable from e-Wallets, as shown below:

Withdrawals can be made to a nominated bank account through the XTB Client Office portal. Bank accounts will need to be verified with a valid bank statement issued within the last three months. There are fees on withdrawals if they are smaller than the threshold as shown below:

Web & Desktop Trading Platforms

“XTB offers users the ability to trade on their own advanced, feature-rich, browser-based trading platform called xStation 5, as well as on the globally-recognised MetaTrader 4.”

XTB offers users the ability to trade on their own advanced, feature-rich, browser-based trading platform called xStation 5, as well as on the globally-recognised MetaTrader 4.

XTB xStation 5 Trading Platform

The broker’s own browser-based proprietary trading platform is feature-rich, offering the following:

• Multiple asset classes to trade on
• Access to XTB Market Sentiment indicators
• Comprehensive charts
• Inbuilt economic calendar and market analysis
• Multiple order types and chart views

Below is a screenshot of the XTB xStation 5 platform which is covered in more detail in the video review.

XTB MetaTrader 4 Trading Platform

Users can also trade on the globally-recognised MetaTrader 4 trading platform, offering:

• Expert advisors for automated trading
• Multiple order types and chart views
• A range of inbuilt trading indicators
• One-click trading option

Mobile Trading Platforms

“XTB offers users the ability to trade on their own advanced, feature-rich, xStation Mobile for Android and iOS, as well as on the globally-recognised MetaTrader 4 mobile trading app.”

XTB offers users the ability to trade on the xStation mobile trading app for both Android and iOS users. These can be downloaded directly from the Google Playstore and Apple Appstore, or from the broker’s website.

XTB xStation Mobile App

The xStation mobile app offers a range of features including:

• Access to award-winning analysis and research
• Transparent charts with the ability to perform technical analysis
• Multiple order types and an inbuilt trading calculator
• Light and dark modes
• Access to XTB Market Sentiment indicators

Users can also trade from the globally-recognised MetaTrader 4 mobile trading app. The XTB xStation mobile app is covered in more detail in the video review.

Trading Features

“XTB provides some additional trading features through the xStation 5 platform such as Market Sentiment, Top Movers, a Stocks Scanner and Heatmap.”

Through the XTB xStation 5 platform users can access some additional trading features, such as Market Sentiment of traders’ positions with the broker, as shown below:

There is also a Top Movers section:

As well as a Stocks Scanner:

And a Market HeatMap:

Commissions & Spreads

“Trading costs with XTB vary depending on the account type and market traded. The Standard Account offers commission-free trading on non-Stock and ETF CFDs, with the Pro Account commission-based on all asset classes.”

Trading costs with XTB vary depending on the account type opened and market being traded.

The Standard Account offers commission-free trading on Forex, Indices, Commodities and Cryptocurrency CFDs with spreads and swaps payable and with a 0.08% per lot commission on Stock and ETF CFDs – subject to a minimum commission.

The Pro Account offers commission-based trading of $3.50 per lot for Forex, Indices, Commodities and Cryptocurrency CFDs with spreads and swaps payable and with a 0.08% per lot commission on Stock and ETF CFDs – subject to a minimum commission.

The Islamic Account offers commission-based trading of $10 per lot on all asset classes (except cryptocurrency CFDs which are not available on this account type) but with no swap fees payable.

Spreads and swaps vary depending on the instrument being traded but an overview can be found on the broker’s website like the sample screenshots shown below:

XTB Forex Trading

XTB Indices Trading

XTB Commodities Trading

XTB Stock CFD Trading

XTB Crypto CFD Trading

Bonus & Promotions

“Clients opening accounts with XTB International in Belize are offered a Cashback promotion. Clients opening accounts with XTB UK are offered with lower spread groups. Clients opening accounts with other global regulators are offered any bonus or promotions due to regulatory restrictions.’’

Clients opening accounts with XTB International in Belize are offered a Cashback promotion, as shown below:

Clients opening accounts with European regulators and some other global regulators are not offered any bonus or promotions due to regulatory restrictions.

Customer Support

“XTB offers customer support 24/5 via Live Chat, Telephone and Email in a variety of languages including English, Spanish, Arabic, French, Russian, Chinese, Polish, Thai, Vietnamese and others.”

XTB offers multilingual customer support via live chat, telephone and email.

Contact Information:

• Address: Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom
• Email: sales_int@xtb.com or uksales@xtb.com
• Phone: +48 222 739 976/ +44 2036953086
• Social Media:
  • https://www.facebook.com/xtb/
  • https://twitter.com/xtbuk?lang=en
  • https://www.linkedin.com/company/x-trade-brokers-dm-sa/
  • YouTube

Research

“XTB offers a wide variety of trader research and analysis tools such as an Economic Calendar, a Market Analysis article section and YouTube videos from industry experts.’’

XTB offers a wide variety of trader research and analysis tools. On the broker’s website, they offer a Market Analysis section which provides articles covering a variety of different topics such as news, fundamental analysis and technical analysis, as shown below:

The broker also offers a Market Calendar on their website and directly from the xStation 5 trading platform, as shown below:

Trader Education

“XTB offers a wide range of educational content through their Trading Academy which has courses designed for all levels. The broker also runs the Global Online Trading Masterclass and Trading Master Series where users can learn from global trading experts.’’

XTB offers a wide range of educational courses through their Trading Academy. The courses are designed for basic and intermediate level traders and cover a wide range of topics, as shown below:

The broker also provides access to the XTB Trading Club and Trading Masterclasses through their YouTube channel. This allows users to learn from different experts around the world, as shown below:

Trading Experience

“XTB provides a competitive offering for both beginner and advanced traders, with the ability to trade on 1,500+ CFD instruments with a commission-free or commission-based trading account on their feature-rich, proprietary trading platform xStation 5.”

From our observations, XTB provides a simple, transparent trading offering suitable for both beginner and advanced traders. Users have access to commission-free and commission-based trading accounts to trade on CFDs covering Forex, Indices, Commodities, Stocks, ETFs and Cryptos.

While users can trade from the globally recognised MetaTrader 4 trading platform, they also have access to the XTB xStation 5 web-based trading platform, as well as the mobile version. This proprietary built platform is feature-rich with access to Market Sentiment indicators.

Traders can also access the broker’s market analysis and education resources as well as the online trading events on their YouTube channel such as the XTB Trading Club and Trading Masterclasses section.

FAQ

Is XTB regulated?

Yes, by the the UK Financial Financial Conduct Authority, the International Financial Services Commission in Belize, the Cyprus Securities and Exchange Commission, the Komisja Nadzoru Finansowego in Poland and the Comisión Nacional del Mercado de Valores in Spain.

Where is XTB based?

XTB UK is based at Level 34, One Canada Square, Canary Wharf, E14 5AA,  London, UK

How does XTB make money?

XTB makes money mainly through spreads, swaps and commissions on certain tradable asset classes and on certain trading accounts.

How do I deposit in XTB account?

Funds can be deposited into a trading account via debit or credit card, bank wire transfer, PayPal, Skrill and others.

What is the min. deposit for XTB?

There is no minimum deposit to open an account with XTB.

How do I withdraw money from XTB?

Withdrawals can be made from XTB via bank wire transfer.

What is the max leverage in XTB?

The maximum leverage offered by XTB is 1:500 for accounts opened with XTB International in Belize. This amount will vary depending on the regulatory jurisdiction.

How do I open an account with XTB?

An account can be opened at the click of a button on the XTB website and can be done in just a few steps.

Does XTB use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“XTB is a Forex and CFD broker regulated in multiple jurisdictions offering the ability to trade on more than 1,500+ CFD instruments covering Forex, Indices, Commodities, Stocks, ETFs and Cryptos on MetaTrader 4 as well as on the broker’s own feature-rich, proprietary trading platform Xstation.”

XTB was founded in 2002 and is headquartered in Warsaw, Poland. The XTB Group has entities in different jurisdictions, authorised and regulated by bodies such as the UK Financial Financial Conduct Authority, the International Financial Services Commission in Belize, the Cyprus Securities and Exchange Commission, the Komisja Nadzoru Finansowego in Poland and the Comisión Nacional del Mercado de Valores in Spain.

The broker offers three core trading accounts called Standard, Pro and Islamic with maximum leverage of 1:500 on accounts opened with XTB International based in Belize. This will vary on accounts opened in other jurisdictions. Users can trade on 1,500+ CFD instruments covering Forex, Indices, Commodities, Stocks, ETFs and Cryptos with zero commission on the Standard Account on non-Stock and ETF CFDs.

Traders are offered the globally-recognised MetaTrader 4 trading platform as well as XTB’s proprietary-based, yet feature-rich xStation 5 platform for web and mobile. The platform offers in-built trading calculators, an economic calendar, multiple order types and access to market sentiment indicators.

Both beginner and advanced traders may find the broker’s online Trading Academy of great value as it covers a variety of course topics for all levels. XTB also runs the Online Trading Master Class livestream event on YouTube where ten expert speakers share their strategies and offers 24/5 customer support.

• Commission-free trading accounts available.
• 1,500+ trading instruments available to trade on.
• Impressive browser-based XTB xStation 5 trading platform.
• Wide variety of trader research and education tools.