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XTB Review

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With more than 14 years of experience, XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, with offices in over 13 countries including UK, Poland, Germany, France and Turkey.

XTB offers users trading opportunities across more than 1500 instruments including forex, cryptocurrencies, indices, commodities, share CFDs and ETFs. There are also a number of additional trader-friendly policies including negative balance protection, meaning that any trading losses cannot exceed the funds in your account, as well as mobile trade alerts, customer support 24/5 and recommendations from major banks and key technical levels to keep traders up to date on the latest market movements.

As an FCA regulated company, XTB holds all retail client funds in a fully segregated account, meaning they are not mixed with its own funds. In the event of insolvency, XTB Ltd clients are protected under the Financial Services Compensation Scheme (FSCS) up to £50,000 per person.

Pros

  • Used by 20,000+ traders
  • Established in 2002
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1

Cons

To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, XTB offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 522157), and CySEC (Licence: 169/12). XTB puts all client funds in a segregated bank account and uses tier-1 banks for this. XTB has been established since 2002, and have a head office in UK.

Before we dive into some of the more detailed aspects of XTB’s spreads, fees, platforms and trading features, you may want to open XTB’s website in a new tab by clicking the button below in order to see the latest information directly from XTB.

Visit XTB

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What are XTB's spreads & fees?

Like most brokers, XTB takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on XTB’s website. The colour bars show how competitive XTB' spreads are in comparison to other popular brokers featured on BrokerNotes.

Spreads are dynamic and are for informational purposes only.

As you can see, XTB 's minimum spread for trading EUR/USD is 0.2 pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with XTB vs. similar brokers.

See all Spreads

How much does XTB charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with XTB at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.94. Here’s a rough breakdown of the fees and how this compares against City Index & AvaTrade .

XTB City Index AvaTrade
Spread from: $2.00 $5.00 $7.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $2.00 $5.00 $7.00
$3 more $5 more
Visit XTB Visit City Index Visit AvaTrade

All fees/prices are for informational purposes and are subject to change.

General Fees

  • XTB doesn’t charge inactivity fees*
  • XTB doesn’t charge withdrawal fees*

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$7.94
  • The rollover fee for short positions on EUR/USD is $2.697

Commissions

  • XTB does charge commission on CFD shares

What can you trade with XTB?

XTB offers over 1,500 different instruments to trade, including over 48 currency pairs. We’ve summarised all of the different types of instruments offered by XTB below, along with the instruments offered by City Index and AvaTrade for comparison.

FX / Currencies XTB City Index AvaTrade
# of forex pairs offered 48 84 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs XTB City Index AvaTrade
# of commodities offered 21 26 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs XTB City Index AvaTrade
# of Stocks offered 1606 4500 99
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See XTB's InstrumentsSee City Index's InstrumentsSee AvaTrade's Instruments

What’s the XTB trading experience like?

1) Platforms and apps

XTB offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. XTB also offer their custom Xstation5 platform.

XTB Screenshot

XTB also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See XTB 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

XTB allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. XTB allows you to execute a maximum trade of 100 Lot. As XTB offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, XTB may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As a nice bonus, XTB are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at ).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

XTB also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by XTB here.

Finally, we’ve listed some of the popular funding methods that XTB offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Payoneer
  • Neteller

3) Client support

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

XTB has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with XTB

As XTB is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore XTB’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with XTB you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.xtb.com on 01/04/2019.

79% of retail investor accounts lose money when trading CFDs with this provider.