XTB review: XTB is an online trading platform founded in 2002. With its headquarters located in Warsaw, Poland, XTB has expanded its services to over 10 countries, including the UK, Germany, and Spain. The platform provides access to a range of financial markets, including forex, commodities, indices, and cryptocurrencies.
The trading platform offered by XTB is the popular MetaTrader 4 (MT4), which is available for both desktop and mobile devices. This platform is known for its user-friendly interface, advanced charting tools, and automated trading capabilities.
The platform is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Polish Financial Supervision Authority (KNF), and the Cyprus Securities and Exchange Commission (CySEC). This ensures that the platform operates in compliance with industry standards and provides a safe and secure trading environment for its users.
| 💵 Currency: | USD, EUR |
| 💰 Min deposit | $10 |
| ⚖️ Leverage | Up to 1:2000 |
| 💱 Spread | Floating, from 0 pips |
| 💹 Markets | Forex, indices, commodities, shares, ETFs, cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | London, United Kingdom |
Overall XTB Review
Overall, XTB is a reputable trading platform that offers access to a range of financial markets, advanced trading tools, and educational resources. With its user-friendly interface and competitive fees, XTB is a popular choice among both novice and experienced traders.
Go to XTB website
Top Reviews
Best customer reviews of XTB
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
Their platform is easy to use and the customer service is fantastic. I've had a few questions along the way and their support team has always been very responsive and helpful. I also appreciate the variety of markets they offer, as it allows me to diversify my investments. Overall, I'm very happy with XTB and would recommend them to anyone looking for a reliable and user-friendly trading platform
Poland
I've been using XTB for a while now and while I don't have any major complaints, I also don't find them to be particularly exceptional. Their platform is decent, but I've seen better. I also find their fees to be a bit high compared to some other brokers I've used. That being said, I haven't had any major issues with XTB and their customer service has been fine. So while I'm not blown away by them, I also don't have any major complaints.
Spain
I had a terrible experience with XTB. Their platform was difficult to use and glitchy, which made trading very frustrating. And when I tried to contact their customer service for help, I was met with long wait times and unhelpful representatives. On top of all of that, I found their fees to be quite high. Needless to say, I quickly switched to a different broker and wouldn't recommend XTB to anyone.
Portugal
Expert Review
Expert Review of XTB
XTB is a well-established online broker that offers a range of trading products and services to its clients. Founded in 2002, the broker has grown to become one of the largest in Europe, with operations in over 10 countries.
One of the standout features of XTB is its platform. The broker offers both the popular MetaTrader 4 platform and its proprietary xStation 5 platform. The xStation 5 platform is highly intuitive and user-friendly, with a range of advanced features and tools that are ideal for both beginner and advanced traders.
Another advantage of XTB is its product offering. The broker offers over 3,000 different instruments across a range of markets, including forex, stocks, indices, commodities, ETFs, and cryptocurrencies. This gives traders a great deal of flexibility and choice when it comes to building a diverse portfolio.
In terms of regulation, XTB is licensed and regulated by some of the most respected financial authorities in the world, including the FCA in the UK, BaFin in Germany, and the KNF in Poland. This provides clients with an added level of security and assurance that their funds are safe and that they are trading with a reputable broker.
On the downside, XTB's fees and spreads are slightly higher than some of its competitors. The broker charges a commission on trades, which can add up over time, and its spreads are not as tight as some other brokers in the industry. Additionally, XTB's customer support can sometimes be slow to respond, which can be frustrating for clients who need assistance with their accounts.
Overall, XTB is a solid choice for traders looking for a reliable and trustworthy broker with a wide range of products and services. While its fees and spreads are slightly higher than some competitors, the broker's strong regulation, intuitive platform, and broad product offering make it a top choice for traders around the world.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on xtb involves significant risks, including the possibility of losing some or all of your invested funds. It is important to understand these risks before engaging in any trading activity. Xtb provides educational resources and tools to help traders make informed decisions, but it is ultimately the responsibility of the trader to manage their own risk. It is recommended to only trade with funds that you can afford to lose and to seek professional advice before engaging in any trading activity.
Copy Trading
Investment Programs
XTB does not offer copy trading. Instead, they offer a platform called XTB Invest that allows traders to invest in pre-created portfolios created by professional asset managers.
XTB Invest is a social trading platform offered by XTB that allows investors to automatically replicate the trades of experienced traders in real time.
With XTB Invest, users can choose from portfolios compiled by XTB experts based on their investment goals and risk tolerance. Each portfolio consists of a set of financial instruments such as stocks, ETFs and indices and is managed by professional fund managers.
One of the benefits of using XTB Invest is that users can access a range of portfolios created by experts without having to have extensive knowledge of the markets. In addition, XTB Invest offers a number of risk management features such as stop loss and take profit orders to help users manage their investments.
It is worth noting that XTB Invest differs from copy trading in that users do not directly follow the trades of other traders. Instead, they invest in portfolios that have been created by professionals based on their investment goals and risk tolerance. This means they don't have to worry about following the wrong traders or taking unnecessary risk.
Remember, copy trading carries risks, and it's important to carefully consider your personal circumstances, risk appetite, and financial goals before engaging in copy trading activities on Exness.com or any other platform.
XTB Invest is different from other investment platforms in that it offers access to a range of global markets and a diversified portfolio, managed by investment professionals. This means that investors can benefit from the knowledge and expertise of experienced traders, without needing to have extensive trading knowledge themselves. Additionally, XTB Invest offers a transparent fee structure, with investors only being charged when their portfolio generates returns. This is in contrast to other investment platforms that may charge ongoing management fees, regardless of portfolio performance. Overall, XTB Invest provides a more accessible and transparent way for investors to gain exposure to a diversified portfolio of global assets.
Best Copy Trading Platforms
Conditions
Trading Conditions for XTB Traders
The platform offers competitive trading conditions for traders, including a wide range of tradable instruments, leverage of up to 1:2000, and tight spreads starting from 0 pips. The broker charges a commission-based fee for CFD trading, with fees ranging from 0.08% to 0.30%, depending on the market and instrument. XTB also offers negative balance protection to ensure traders' accounts do not fall below zero, as well as a range of risk management tools such as stop loss orders, limit orders, and trailing stops.
XTB also provides traders with advanced trading tools, including the XTB Trader and MetaTrader 4 platforms, as well as a range of educational resources and market analysis. The broker also offers a free demo account to allow traders to practice trading in a risk-free environment before committing to live trading.
Overall, XTB offers competitive trading conditions and a range of features and tools designed to support traders of all levels.
| 💵 Currency | USD, EUR |
| 💰 Min deposit | $10 |
| ⚖️ Leverage | Up to 1:2000 |
| 💱 Spread | Floating, from 0 pips |
| 💹 Markets | Forex, indices, commodities, shares, ETFs, cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, bank transfer, Skrill, Neteller, PayPal, Sofort, Giropay, iDeal, Przelewy24 |
| 🏦 Broker Type: | Market Maker, DMA, STP |
| 📞 Customer Service | Live chat, phone, email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ❌ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | London, United Kingdom |
Risk Warning
Comparison
Comparison of XTB with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
XTB Accounts, Commissions & Fees
The platform offers several account types for its clients, including Standard, Pro, and Islamic accounts. The minimum deposit for the Standard account is $10, while the Pro account requires a minimum deposit of $25,000.
The commission and fees charged by XTB depend on the account type and trading instrument. For forex trading, XTB charges a floating spread from 0 pips for the Standard account and a commission of $3.5 per lot for the Pro account. For stock trading, XTB charges a commission of 0.08% for the Standard account and 0.04% for the Pro account.
There are no fees for depositing funds into XTB accounts, but withdrawal fees may apply depending on the method chosen. For example, bank transfers incur a fee of $30, while credit card withdrawals incur a 2% fee.
XTB also offers a free demo account that allows traders to practice their trading strategies without risking real money. The demo account is funded with virtual money and provides access to real market conditions and pricing.
| Account type | Standard Account | Pro Account | Islamic Account |
|---|---|---|---|
| Min deposit | $10 | $10 | $10 |
| Maximum Leverage | 1:2000 | 1:200 | 1:2000 |
| Commission | ❌ | $3.5 per lot (per side) | ❌ |
| Spreads | Floating, from 0 pips | Floating, from 0 pips | Floating, from 0 pips |
| Account Currencies | USD, EUR | USD, EUR | USD, EUR |
| Islamic Account | ✅ | ✅ | ✅ |
| Demo Account | ✅ | ✅ | ✅ |
Overall, XTB offers competitive fees and commissions, and their transparent fee structure allows traders to easily calculate their trading costs.
Risk Warning
Final review
Detailed review of XTB
XTB is a forex and CFD broker that was founded in 2002 and is based in Belize. The broker is regulated by the International Financial Services Commission (IFSC) and offers a wide range of trading instruments including forex, stocks, indices, ETFs, soft commodities, energies, metals, and cryptocurrencies. In this review, we'll take a closer look at XTB's trading platform, trading conditions, account types, fees, and more.
The platform offers copy trading through its partnership with ZuluTrade. This allows traders to copy the trades of successful traders and build a portfolio of successful strategies. XTB also offers a social trading platform called XTB Trading Club, which allows traders to share ideas and strategies with other traders.
The platform offers its own trading platform called xStation, which is available in desktop, web, and mobile versions. xStation is a user-friendly platform that offers a wide range of trading tools and features, including advanced charting capabilities, real-time news, trading signals, and a range of technical indicators.
The platform offers 24/5 customer support, which is available through live chat, email, and phone. The broker also offers a range of educational resources to help traders improve their skills and knowledge.
In conclusion, XTB is a well-regulated broker that offers competitive trading conditions, a user-friendly trading platform, and a range of educational resources. The broker is a good choice for both novice and experienced traders, and its range of account types and fees means that there is an option for traders of all levels.
Advantages:
XTB Regulator
Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA): The FCA is a financial regulatory body in the United Kingdom that oversees and regulates financial markets and firms to ensure that they operate in a fair and transparent manner. XTB is regulated by the FCA, which means that the company is held to strict regulatory standards and is required to meet certain capital requirements, client money protection rules, and other guidelines designed to protect investors.
Regulator website: Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
Cyprus Securities and Exchange Commission (CySEC): CySEC is the financial regulatory agency of Cyprus, responsible for the supervision and control of financial institutions in the country. XTB is also regulated by CySEC, which allows the company to offer its services throughout the European Union, as well as in other countries that recognize CySEC regulations.
International Financial Services Commission (IFSC)
International Financial Services Commission (IFSC): The IFSC is a regulatory agency in Belize that oversees the regulation of financial services providers, including forex brokers. XTB has a subsidiary based in Belize that is regulated by the IFSC, allowing the company to offer its services to clients in other parts of the world.
Risk Warning
Promotions
Bonuses Paid by the XTB
As a regulated broker, XTB does not offer deposit bonuses or promotions that can be construed as a form of enticement. However, the broker does offer a variety of educational resources, webinars, and market insights that traders can benefit from to improve their trading strategies and achieve success in the markets. Additionally, XTB also provides a loyalty program called XTB Points, which rewards traders for their trading activity and allows them to exchange their points for various gifts and services, such as trading bonuses, free VPS, and exclusive market analysis reports.
XTB Points is a loyalty program offered by XTB that rewards traders for their trading activity. Every time a trader opens or closes a position, they earn XTB Points which can be redeemed for cash bonuses or other rewards such as trading tools and educational materials.
The number of XTB Points earned per trade depends on the size of the trade and the instrument being traded. For example, a trade of 1 lot on EUR/USD will earn more XTB Points than a trade of 0.1 lots on a less popular currency pair.
Traders can redeem their XTB Points for cash bonuses or other rewards in the XTB Members Area. The value of each XTB Point is determined by XTB and can vary depending on the reward being redeemed.
XTB Points are a way for XTB to reward its loyal traders and encourage them to continue trading on the platform. It's also a way for traders to earn extra bonuses and rewards for their trading activity, on top of any profits they make from their trades.
Education
Review of the XTB Education Program
The platform offers a comprehensive education program for traders of all levels. The program includes articles, videos, webinars, and other resources designed to help traders improve their knowledge and skills. Here are some key features of XTB's education program:
Overall, XTB's education program is comprehensive and covers a wide range of topics. It is suitable for traders of all levels, from beginners to advanced traders.
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Rating and Comments
XTB Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I’ve been using XTB for a while now and I’m really impressed with their platform. The user interface is intuitive and easy to navigate, and their customer service is top-notch. I’ve also been really happy with the research tools and market analysis that they provide, which have helped me make more informed trading decisions. Overall, I would definitely recommend XTB to other traders.
I had a terrible experience with XTB. Their platform was glitchy and difficult to use, and their customer service was unhelpful when I tried to resolve the issues. I also found their fees to be higher than other brokers that offer similar services. Overall, I would not recommend XTB to anyone looking for a reliable trading platform.
The trading platform is very user-friendly and easy to navigate, even for beginners. The range of available markets and instruments is impressive: from Forex and stocks to cryptocurrencies and commodities. The customer service is also up to the mark: competent and responsive staff is ready to help with any questions and problems. All in all, I highly recommend XTB to anyone looking for a reliable and trustworthy broker.
While I appreciate the wide range of markets that they offer and the competitive pricing, I’ve found their customer service to be lacking at times. I’ve also had some issues with platform stability, which can be frustrating when you’re trying to make quick trades. However, overall I would say that XTB is a decent choice for traders who are looking for a variety of trading options.