1. Home
  2. Compare Forex Brokers
  3. XTB review

XTB Review

  • Regulated by: Financial Conduct Authority
  • Used by: 20,000+ traders
  • Trust Rating: AAA
Open XTB's Website

Losses can exceed deposits. Your capital is at risk.

XTB three ways: Forex, CFDs, Social Trading.

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

Regulated by the Financial Conduct Authority, UK (FRN: 522157 ). XTB puts all client funds in a segregated bank account and uses tier-1 banks for this. XTB have 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.

Open a demo account Visit XTB

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

XTB screenshot

PROS

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

CONS

What are XTB's spreads & fees?

Like most brokers, XTB take 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’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, XTB's minimum spread for trading EUR/USD is 2.0 pips - which is relatively high 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
Your capital is at risk.

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 $N/A. Here’s a rough breakdown of the fees and how this compares against City Index & AvaTrade.

XTB City Index AvaTrade
Spread from: N/A $5.00 $7.00
Typical overnight fee: N/A $20.60 $5.00
Commission: N/A 0 0
Total cost of a 100k trade: N/A $25.6 $12
Visit XTB Visit City Index Visit AvaTrade

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Your capital is at risk.

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 50 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 50 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 0 26 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs XTB City Index AvaTrade
# of Stocks offered 1500 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 Instruments See City Index's Instruments See AvaTrade's Instruments
Your capital is at risk.

What’s the XTB trading experience like?

1) Platforms and apps

XTB offer 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 See XTB's Platforms

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
Your capital is at risk.

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 allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. XTB allow 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 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 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 have 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 August 16, 2018.