XTB review
XTB
XTB is a well-established Forex and CFD broker that caters to both retail and institutional clients. Originally founded as X-trade in 2002, the broker underwent rebranding in 2009 and is now known as XTB. With a global presence, XTB accepts clients from around the world, offering a wide range of trading options including Forex, commodities, indices, cryptocurrencies, CFDs on stocks, and ETFs (Exchange Traded Funds). The broker boasts an impressive customer base with over 495,000 registered clients.
XTB prioritizes regulatory compliance and is well-regulated in multiple jurisdictions. Clients can expect professional customer service, available 24/5, to address their inquiries and concerns. The broker also provides extensive educational resources to assist traders in expanding their knowledge and improving their trading skills. XTB offers its proprietary trading platform, xStation 5, which is custom-made software designed specifically by the broker.
Key features and services offered by XTB include competitive spreads, ensuring competitive pricing for traders, and fast trade execution to capitalize on market opportunities promptly. The broker also offers comprehensive market analysis tools to support informed trading decisions. Moreover, XTB provides various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets, to facilitate seamless transactions for its clients.
It's important to note that XTB operates as a group of international brokers with different offices serving specific regions. EU residents should select XTB Cyprus, while non-EU and non-UK residents can access services through XTB International. MENA residents are served by XTB Meta Limited, and Canadian residents can utilize the services of XTB FR. It is crucial to be aware that trading conditions may vary across different XTB branches due to varying regulatory requirements.
In summary, XTB is a reputable Forex and CFD broker with a long-standing presence in the industry. The broker offers a diverse range of trading instruments and is committed to regulatory compliance. With its professional customer service, extensive educational resources, competitive spreads, fast trade execution, and proprietary trading platform, XTB provides a comprehensive trading experience. Traders can choose the appropriate branch based on their residency, while considering any potential variations in trading conditions among the different branches.
Countries
Algeria, Andorra, Angola, Antigua and Barbuda +139 more
Regulations
CNMV, FCA UK, KNF, FSC Belize
Account currencies
EUR, GBP, HUF, USD
Assets
CFDs on Stocks, Crypto CFDs, ETFs, Energies, Indices, Precious metals, Soft Commodities
Platforms
xStation
Deposit methods
Bank Transfer, Credit Card, Neteller, Paysafe, Safetypay, Skrill
Others
Segregated accounts, Demo account, Exotic Pairs, Fast withdrawals, High leverage, Lowest spreads, Micro Lots, Negative balance protection, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free
Promos
Welcome bonus
Visit brokerXTB offers clients Standard trading accounts, with additional options including demo accounts for practice trading and swap-free accounts, also known as Islamic accounts. With over 2200 tradable instruments available, traders have a wide range of choices. The maximum available leverage is 500:1, but it's important to note that leverage may vary based on the trader's country of residence.
Trading fees at XTB are integrated into the spreads. For Standard accounts, the EUR/USD spreads start from 0.5 pips, while swap-free accounts have spreads starting from 0.7 pips. It's worth mentioning that there are no commissions charged. The account types provided by XTB are suitable for swing traders, position traders, and beginners. However, the fee structure may not be ideal for active traders such as high-frequency traders, scalpers, algorithmic traders, and intraday traders, who typically prefer raw spreads without markups. These traders often execute a higher number of trades, and tighter spreads are advantageous for their trading strategies.
XTB prioritizes the safety and security of traders' funds and has established regulatory oversight with several reputable authorities. The broker is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) in Belize, the Komisja Nadzoru Finansowego (KNF) in Poland, and the Comisión Nacional del Mercado de Valores in Spain.
When it comes to deposit and withdrawal processes, XTB does not charge any fees. Additionally, the broker does not impose minimum initial deposit requirements, providing flexibility for traders to start their accounts. However, it's important to be aware of the inactivity fee policy. After 12 months of account inactivity, XTB will begin charging a monthly fee of 10 Euros (or the equivalent in GBP or USD).
In summary, XTB offers Standard trading accounts along with demo and swap-free options. With a broad range of tradable instruments and competitive spreads, the broker caters to swing traders, position traders, and beginners. XTB maintains a high level of safety and security through regulation by multiple authorities. While there are no deposit and withdrawal fees, traders should be mindful of the inactivity fee after 12 months.
