| Founding Year |
 2002
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.4/5 |
| Minimum Deposit |
 $50
|
4.4/5
2002
$50
XTB is an online brokerage firm that was founded as X-Trade in Warsaw Poland back in 2002. It was the first leveraged Foreign Exchange Broker to establish in Poland. In 2004, the X-Trade merged with XTB to comply with the new Polish regulations. Later in 2009, the company rebranded into XTB Online Trading. XTB deals in FX and CFD,s more specifically they offer Forex, indices, commodities, stocks, ETFs, and even cryptocurrencies through its various type of accounts. Since its inception, the XTB has expanded to 13 other countries in the world including UK, Germany, Spain, Romania, Slovakia, Hungary, Italy, France, Portugal, Turkey, and so forth.
| Founding Year |
2002
|
|---|---|
| Regulated |
Yes
|
| Rating |
4.4/5 |
| Minimum Deposit |
$50
|
XTB Forex Broker is regulated by several regulatory authorities around the world, in the UK they are regulated by the Financial Conduct Authority (FCA). The firm’s FCA license number is 522157. In Poland, they are regulated by the Polish Securities and Exchange Commission. They’re also regulated in Spain and South Africa so a whole bunch of different regulations is there to put a trader’s mind at ease.
The broker provides financial security by segregating client funds and guarantees negative balance protection which indeed gives peace of mind to the traders.
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
 Poland
|
Polish Securities and Exchange Commission |
 Spain |
National Securities Market Commission (CNMV) |
 South Africa |
Financial Sector Conduct Authority (FSCA) |
XTB offers three types of trading account which are Standard, Pro, and Islamic. The difference between them is that in the standard account there is no commission but the spread is slightly higher. Whereas in the Pro and Islamic accounts low floating spread is given but an additional commission of $3.5 per lot in Pro accounts and $10 in Islamic accounts is also charged. The Pro account is run on an STP model while the Standard and Islamic accounts have a market maker model. All three account types can trade the full range of products.
Admiral Markets offers two more account types with MetaTrade4 which are Trade.MT4 and Zero.MT4. Trade.MT4 offers all instruments offered by Admiral Markets with spread starting from 0.5 pips. Zero.MT4 provides trading in currencies, metals CFDs indices, and energies. The spread on Zero.MT4 starts from zero pips.
XTB offers traders a choice between its proprietary trading platform Xstation5 and Metatrader (MT4). It also offers Xstation Mobile for smartphones and tablets to trade on the go. The Xstation5 has been praised as an easy-to-use intuitive interface. The application can be used as a web-based browser or downloaded and run as an application on your PC or MAC. The platform has a modern design, it combines major news, economic calendar, market analysis, education, and your trading history in easily accessible tabs. For instance, if you want to just take a quick look at market analysis you can simply click the news tab and everything will be loaded in a couple of seconds. Similarly, placing a new trade or accessing your trading history is also very easily done. Finally, the platform also provides all the charting tools and technical indicators to analyze the market.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
Yes
|
| MT4 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
XTB is a leading online brokerage firm that offers its clients a wide range of trading products and services. One of the most notable features of XTB is its leveraged trading option, which allows clients to amplify their trading positions with relatively small capital investments. With leverage, clients can trade with a larger position than they could with their available capital alone. XTB offers leverage on a variety of products, including Forex, Indices, Commodities, and Cryptocurrencies.
Forex trading is a popular product offered by XTB, and the broker offers leverage of up to 1:100 on major currency pairs such as EUR/USD and GBP/USD. This means that clients can trade up to 30 times their account balance, allowing them to potentially increase their profits. However, it is important to note that leverage can also increase losses, so clients should be aware of the risks involved and manage their risk accordingly.
XTB also offers leverage on Indices trading, allowing clients to take positions on the performance of major stock indices such as the S&P 500 and the FTSE 100. Leverage on Indices can be up to 1:20, which means that clients can trade up to 20 times their account balance.
Commodities trading is another product offered by XTB, and clients can trade a range of commodities such as gold, silver, and oil. Leverage on commodities can be up to 1:10, meaning that clients can trade up to 10 times their account balance.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 1:100 |
| COMMODITIES | 1:50 |
| CFD STOCKS | 20:1 |
XTB offers a huge range of products to trade that are structured as spot and contract for difference commonly known as CFDs. You can trade 49 major and minor currency pairs, 21 commodities including Gold. Copper, Crude Oil, and so forth. XTB is unique in its product range because it also offers 20 major stock market indices, 114 CFD exchange-traded funds, and over 1500 individual global shares. Finally, XTB also provides a huge list of 50 cryptocurrencies to trade on their platform.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
As a leading online brokerage firm, XTB charges its clients both spreads and commissions on various trading products. The spread is the difference between the bid and ask price, and it is how XTB makes its money on trades. The commission is a fee charged by the broker for executing a trade, which is typically based on the size of the trade. XTB’s spread and commission structure varies depending on the product being traded.
For Forex trading, XTB charges its clients a variable spread, which means the spread can fluctuate based on market conditions. The spread can start as low as 0.1 pips for major currency pairs such as EUR/USD and GBP/USD. In addition to the spread, XTB also charges a commission of $3.5 per lot round trip for Forex trading. This means that clients will be charged $3.5 for opening and closing a position on one lot.
For Indices trading, XTB charges a fixed spread, which means that the spread remains constant regardless of market conditions. The spread can start as low as 0.4 pips for major indices such as the S&P 500 and the DAX 30. XTB does not charge a commission for Indices trading.
Commodities trading with XTB involves a variable spread that can start as low as 0.3 pips for Gold and Silver. The commission for commodities trading is $3.5 per lot round trip, which is the same as the commission charged for Forex trading.
Cryptocurrency trading with XTB involves a variable spread that can start as low as 0.35 pips for Bitcoin and Ethereum. The commission for cryptocurrency trading is 0.08% of the notional value of the trade, which is a relatively low commission compared to other brokers in the industry.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.7 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
XTB provides a variety of deposit methods such as credit card, wire transfer, and e-Wallets like Skrill and Neteller. It also accepts deposits in multiple currencies which are USD, GBP, EUR, and HUG. Both bank to bank transfer and credit or debit card transactions are free of cost.
However, deposits from e-wallets are payable for instance, transfers from Neteller costs 1% while Skrill costs 2% of the deposit amount.
XTB offers its clients a hassle-free withdrawal process. Clients can withdraw funds to a verified bank account using the XTB online office portal. The account needs to be verified with a valid bank statement issued in the last three months. XTB processes the withdrawal in typically one business day. However, the actual transfer time can vary depending on your location and bank. There are fees on withdrawals for larger amounts, however, amounts smaller than the threshold are charged up to $20.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
 No
|
So to summarize the review, XTB is a reliable FX broker with a huge line of products and quality services. It is a great choice for both new and experienced traders who are looking for a tightly regulated broker and who they can trust with small or even a large trading account. XTb offers everything including two great trading platforms, a mobile application, tight spreads, and the ability to deposit with a credit card, Neteller, Skrill, and wire transfer. What makes XTD more desirable to the experienced traders is the availability of a huge product list especially CFD
Stocks, ETFs, and Indices which only a handful of brokers are offering. Finally, for new traders, its education section is very tidy and concise and offers a whole lot of opportunities to learn and become a successful trader.
| Pros |
Cons |
|---|---|
| Multi Asset | Limited Education |
| Multi Regulated | No Copy Trading |
| Low Minimum Deposit | Limited Trading Instruments |
| Low Spread | |
| Proprietary Platform |
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