XTB is a European broker that was founded in 2002, and is one of the largest stock exchange listed brokers in the world with offices in 13 countries including the UK, Poland, Germany, France and Turkey.
It’s also regulated by some of the world’s biggest supervision authorities including the Financial Conduct Authority, KNF, CySEC and the International Financial Services Commission in Belize. It’s been listed on the Warsaw Stock Exchange since 2016, and is currently expanding into new markets including the Middle East, Africa and Latin America.
XTB is a fintech company, combining financial services with innovative technology. It offers clients two platforms: its own award-winning xStation 5, which offers reliable and instant execution with no requotes, and the traditional MT4.
XTB differentiates itself from other brokers through three main aspects: its trading platform, its level of educational and analytical material for all ranges of traders, and its open-door policy which includes a high level of support from a dedicated client support team.
The broker also offers free educational material to their clients to learn how to trade. From its online Trading Academy and video tutorials (which is available both on the website and through xStation), it also offers multiple packages like a Trader’s Library, a Brexit trading guide and daily analysis from a team of market experts.
Finally, XTB’s cryptocurrency offer is also worth mentioning. Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365 day expiry.
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.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
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.
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
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.
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 $9.94. Here’s a rough breakdown of the fees and how this compares against AvaTrade & IG .
|Spread from:||$ 2.00||$ 7.00||$ 6.00|
|Total cost of a 100k trade:||$ 2.00||$ 7.00||$ 6.00|
|$5 more||$4 more|
|Visit XTB||Visit AvaTrade||Visit IG|
All fees/prices are for informational purposes and are subject to change.
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 AvaTrade and IG for comparison.
|FX / Currencies||XTB||AvaTrade||IG|
|# of forex pairs offered||48||59||90|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||21||16||34|
|Index & Stock CFDs||XTB||AvaTrade||IG|
|# of Stocks offered||1606||99||8000|
|See XTB's Instruments||See AvaTrade's Instruments||See IG's Instruments|
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. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
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
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.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian..
XTB has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
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:
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 www.xtb.com on 01/06/2019.
77% of retail investor accounts lose money when trading CFDs with this provider.