XTB – Forex Broker review

XTB review and Rating
XTB review

Name: XTB review

Description: XTB was founded in 2002, and the headquarter is in Warsaw, Poland. The XTB Group has entities in different jurisdictions, authorized and regulated by bodies such as the UK Financial Financial Conduct Authority, the International Financial Services Commission in Belize, and many other pronounced regulators.

78%
78 of 100 1 review
  • Support - 60%
    60%
  • Platform - 80%
    80%
  • Insights - 90%
    90%
  • Leverage - 80%
    80%
  • Commission - 80%
    80%

Summary

XTB.com offers over 45 currency pairs, cryptocurrencies, indices, shares, gold, silver, commodities, and CFDs for investment and trading options. The commission at Pro accounts is $4/€3.5/£2.5 per lot (100,000 units in the relevant currency) for stock index CFDs, while it amounts to 0.08% of the trade value, or minimum $8/€8/£8, for stock and ETF CFDs. Compared to IG and eToro, XTB has lower forex fees for the main currency pairs. Read XTB forex broker review, rating, regulation, and detailed information for their services below.

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User Review
4.5 (4 votes)
Comments Rating 0 (0 reviews)

Pros

  • Easy and fast account opening
  • Free and fast deposit and withdrawal
  • Low forex and stock index CFD fees
  • Demo Accounts
  • Well Regulated Broker
  • Good Trading Platform
  • Publicly Traded Company

Cons

  • High fee for stock CFD
  • The limited product portfolio, mostly CFD and FX
  • Poor email support
  • £250 / €250 Minimum Deposit
  • No US Clients

XTB is a leading CFD and forex broker, offering over 1500 instruments to trade-in. Since it is regulated in one Tier-1 jurisdiction, it can be considered to be a low-risk, broker for trading in Forex and CFDs. In terms of account type, XTB keeps it simple by offering just type of accounts with fee structure being the primary differentiator between the two.

You can fund your account in multiple ways like bank transfer, MasterCard, Visa, PayPal, Paysafecard, Maestro, Neteller, and Skrill. XTB accepts payments made in EUR, USD, GBP, and HUF. E-Wallet payments made using PayPal or Skrill are processed the same day, however, they attract a transaction charge of 2%. Bank transfers may take up to 3 days to show up in your account.

Company XTB Limited, X-Trade Brokers Dom Maklerski S.A.
Founded in 2002
Offices in Austria, Belgium, Czech Republic, France, Germany, Greece, Hungary, Italy, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Turkey, United Kingdom
Payment options Credit/debit cards, Neteller, PayPal, Skrill, Wire transfer
Demo platforms MetaTrader 4, xStation
Account currencies Euro, Great Britain pound, Polish złoty, United States dollar
Currency pairs
AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF
CAD/JPY CHF/HUF CHF/JPY
CHF/PLN EUR/AUD EUR/CAD
EUR/CHF EUR/CZK EUR/GBP
EUR/HUF EUR/JPY EUR/NOK
EUR/NZD EUR/PLN EUR/RON
EUR/SEK EUR/TRY EUR/USD
GBP/AUD GBP/CHF GBP/JPY
GBP/NZD GBP/PLN GBP/USD
NZD/JPY NZD/USD USD/CAD
USD/CHF USD/CLP USD/CZK
USD/HUF USD/JPY USD/MXN
USD/NOK USD/PLN USD/RON
USD/SEK USD/TRY USD/ZAR
Regulated by CNMV (Spain), 40; Czech National Bank, 27867102; FCA (UK), 522157; FSA (Poland), DDM-M-4021-57-1/2005
Website available in Chinese, English, Italian, Spanish
Support available in Chinese, English, Spanish
Support methods Email, Live chat, Office, Phone
Trading server time zone GMT
Conditions for VIP traders Improved conditions for deposits of $25,000+.
  • Free education
  • Personal manager
  • PAMM accounts
  • Segregated accounts
  • Affiliate program
  • Islamic accounts available

Account Types

PRO Account

Minimum account size $1
Minimum position size 0.01 lot
Spread type Variable
Typical spread on EUR/USD, pips 0.3
Minimum spread on EUR/USD, pips 0.1
Commission (one-way) per 1 std. lot $10
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
CFD 1:200
Oil 1:200
Indexes 1:200
Agriculture 1:200
Soft commodities 1:200
Metals 1:200
Energies 1:200
Trading platforms MetaTrader 4
xStation
xMobile
Digits after the dot in quotes 5
Margin call level 30%
Stop-out level 30%
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

Standard Account

Minimum account size $1
Minimum position size 0.01 lot
Spread type Variable
Typical spread on EUR/USD, pips 1.4
Minimum spread on EUR/USD, pips 1.2
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
CFD 1:200
Oil 1:200
Indexes 1:200
Agriculture 1:200
Soft commodities 1:200
Metals 1:200
Energies 1:200
Trading platforms MetaTrader 4
xStation
xMobile
Digits after the dot in quotes 5
Margin call level 30%
Stop-out level 30%
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

Basic Account

Minimum account size $1
Minimum position size 0.01 lot
Spread type Fixed
Spread on EUR/USD, pips 1.8
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:200
Gold & silver 1:200
CFD 1:200
Oil 1:200
Indexes 1:200
Agriculture 1:200
Soft commodities 1:200
Metals 1:200
Energies 1:200
Trading platforms MetaTrader 4
xStation
xMobile
Digits after the dot in quotes 5
Margin call level 30%
Stop-out level 30%
Number of currency pairs 45
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading
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