XTB Broker Review

Author By Jeffrey Cammack
Updated: September 7, 2022
Overall Rating
4.14 4.14 / 5
Rated #22 of 55 Recommended Brokers

XTB Key Features

🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 14
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertAccepts Tanzanian Clients. Average spread EUR/USD 1.40 pips on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & xStation platforms supported. XTB Group is regulated by CySEC, FCA and the IFSC
Last updated on 7 Sep 2022
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

FXScouts is Tanzania’s most trusted Forex broker review site. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. This is how we review brokers.

We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on XTB

Founded in 2002, XTB is a Polish market-maker with tight spreads on a single account and a focus on providing top-class education and market analysis for its clients. Regulated by the FCA, CySEC and the Belize IFSC, XTB offers negative balance protection for all clients and high-speed trading on over 1500 instruments.

XTB recently dropped support for MT4 to focus on its award-winning proprietary platform, xStation 5, which features more modern elements and a more intuitive design than the MetaTrader platforms.

XTB Key Features

🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 14
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
xtb-best-forex-mt4-broker-final

Overall Summary

Regulation
111104/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111003/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
USD
Number of FX Pairs
48
Crypto Pairs
14
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Standard
Trading Desk
Commission
Fees Included in Spread
EUR/USD
0.80 pips
GBP/USD
2.20 pips
USD/JPY
1.40 pips
Negative Balance Protection

Company Details

Company Name
XTB international
Founded
2002
Website
Website Language
English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish
Support Language
English, Vietnamese, Thai, Hungarian, Portuguese, Polish, Arabic
Office Locations
United Kingdom, France, Poland, Germany, Cyprus, Czech Republic, Spain, Portugal, Slovakia, Romania, Chile

Pros

  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners

Cons

  • Limited platform choice

Is XTB Safe?

XTB Group is an umbrella group for several subsidiaries that are regulated by different national authorities across the globe. XTB UK has been regulated by the FCA (license 522157) since 17/01/2011, and XTB Europe has been regulated by CySEC (license 169/12) since 18/04/2012. XTB International is regulated by Belize International Financial Services Commission (license IFSC/60/413/TS/17) and is in the process of getting a license for the FSCA in South Africa.

XTB is recognised across the industry for the quality of the brokerage they run, collecting numerous awards in the last three years for Best CFD broker including Highest Rated FX & CFD Broker 2018 (Wealth and Finance awards) and Best CFD Broker 2017 (FinTech Awards).

Scroll for more detailsPreviousNext
Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Additional Fees
CySEC
FCA
DFSA
IFSC
Market Maker NDD
2002
United Kingdom, France, Poland, Germany, Cyprus, Czech Republic, Spain, Portugal, Slovakia, Romania, Chile
Inactivity Fee: $10/month. After 12 months inactivity.

 

Trading Conditions

XTB is a market maker with a single account and a wide variety of asset types to trade. As a market maker, XTB is the counterparty to all trades. Spreads are variable and derived from XTB’s network of liquidity providers and there is no dealing desk interference with trades.

Account Types

XTB offers a single Standard Account (and an optional Islamic Account) with access to Forex, Commodities, Indices, Cryptocurrencies, Stock CFDs, and ETF CFDs. XTB has a no re-quote policy and negative balance protection to ensure the client never owes the broker more than what has been deposited.

Leverage is limited to 1:30 inside the European Union, but international traders can receive up to 1:500 leverage. The minimum Forex and Crypto CFD trade size is 0.1 lot.

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Islamic
USD 0
500:1
0.70
Spread Only
Account Details
Standard
USD 0
500:1
0.80
Spread Only
Account Details

Standard Account – The standard account is the XTB commission-free account where all fees are included in the spread.

Islamic Swap-Free Account – A swap-free Islamic account is available with wider spreads than the Standard Account and a commission charged. XTB won the award for Best Islamic Broker 2018 from Global Venture Awards.

Spreads and Commissions

As prices are derived from liquidity providers, spreads are variable – the minimum spread on the EUR/USD is 0.8 pips on the Standard Account. Islamic Accounts have a wider minimum spread of 1.5 pips on the EUR/USD, and a commission of 10 USD per trade is charged.

Stock CFDs and ETF CFD traders should expect a commission from 0.08% per lot.

Scroll for more detailsPreviousNext
Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
XTB
11110.54.5/ 5
USD
1.40 pips
USD 14
0.80 pips
2.20 pips
1.40 pips
USD 0
NAGA
110.5002.5/ 5
USD, EUR, GBP, PLN
1.70 pips
USD 17
0.70 pips
2.00 pips
1.60 pips
USD 0
FIBO Group
111003/ 5
EUR, USD, RUR, CHF, GBP
0.60 pips
USD 6
0.30 pips
0.50 pips
0.30 pips
USD 0

 

Deposit and Withdrawal Fees

Deposit and withdrawals are available via bank transfer, MasterCard, Visa, PayPal, Paysafecard, Maestro, Neteller, and Skrill. Credit card and bank wire deposits are free of administration fees; however, e-wallet solutions will be charged 1-2% of the amount transferred.

Withdrawals are free and only be made via bank transfer. To set up this transfer, a bank statement no older than 90 days must be submitted to XTB, and then the amount can be transferred. This process has been created to ensure trader safety at the XTB, and to prevent money-laundering activity in line with regulations put in place by the FCA and CySEC.

XTB For Beginners

XTB has some of the best training material available for beginners. Its Trading Academy is structured into either topics or levels; it is clear and concise, and structured like a course. One-to-one mentoring, dedicated account management and 24/7 customer service present XTB traders with a superior welcome and a fluid onboarding experience.

Educational Material

XTB offers a lot of well-structured training material for the beginner and intermediate trader. Covering basic trading concepts including how the market works, and an overview of the risk associated with CFD trading, the education then moves into an overview of the xStation proprietary software solution that the company has developed and won several awards for.

The beginner and intermediate sections are open to the public, but expert training courses are available to all members with real accounts. Webinars, as well as downloadable material, are found on the XTB website.

One-to-one mentoring lead by experts can be set up through your account manager. These sessions coach traders with analysis, including risk management, psychology, and are tailored to the client’s needs. The broker operates with an open-door policy, meaning that anybody can visit their Canary Wharf offices or local branch.

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
XTB
High
NAGA
Medium
FIBO Group
Medium

 

Analytical Material

The majority of market news is open to all visitors and provides actionable trading information to traders. There are some premium education and analysis that is only available to real account holders.

XTB also offers a market calendar, which is a comprehensive log of all scheduled macroeconomic releases and includes a potential impact rating and detailed historical data to assist traders in better predicting the result on corresponding markets.

A wide range of fundamental and technical analysis tools are available within the xStation platform, giving traders a comprehensive charting package to identify potential trading opportunities.

Customer Service

XTB operates a 24/7 customer support desk, with contact available via email, live chat, and phone support. As mentioned, XTB also operates an open-door policy so customers can visit any of their offices.

Customer support is offered in English, Spanish, Arabic, French, Italian, Portuguese, Russian, Chinese, German, Polish, Czech, Slovak, Romanian, and Hungarian.

Trading Platform

XTB recently dropped support for MetaTrader4 to focus on its in-house award-winning trading platform xStation 5. Winning Best Trading Platform 2016 (Online Personal Wealth Awards) and Best Trading Platform 2017 (FX Cuffs Awards), the xStation 5 platform is a modern, intuitive, powerful, and fast.

While xStation 5 offers many of the same advanced trading features found in MetaTrader 4, the xStation 5 platform adds more modern elements. These include introducing XTB sentiment data directly into the platform, so traders have a better view of the percentage of its clients who are long or short, and on which instruments. It also offers powerful charting tools, one-click trading, and real-time performance statistics so you can evaluate your trading and identify areas for improvement.

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
XTB
111104/ 5
xStation5
NAGA
11110.54.5/ 5
NAGA Web App

 

Mobile Trading Apps

Mobile versions of both the xStation5 and MetaTrader 4 application are available and seamlessly connect to the desktop versions of the application.  Mobile apps allow traders mobility for monitoring ongoing trades and taking advantage of unplanned news events that create market volatility.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the XTB offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

XTB Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. XTB would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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.

Overview

XTB is an excellent choice for beginner traders who want the additional educational material and support along with a simpler trading platform than MetaTrader 4. The product offering is not going to limit traders, making XTB a comfortable place to start a trading career.

AlertAccepts Tanzanian Clients. Average spread EUR/USD 1.40 pips on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & xStation platforms supported. XTB Group is regulated by CySEC, FCA and the IFSC
Visit Broker

Share your knowledge

Featured Brokers

Close
>