XTB, a prominent online CFD broker, offers access to over 2,000 instruments via a powerful proprietary platform xStation 5. Traders have the ability to speculate on shares, indices or commodities. We review the 2023 XTB broker to find out about their trading spreads, demo accounts, mobile apps, customer service, and other details. Learn whether you can register for a trading account.
Table of Contents
Company Information
XTB was established in 2002. It is one of the most prominent stock-exchange brokers. They have a presence in 13 countries such as France, Poland and Germany. Over 495,000 accounts opened over the past 20 years. XTB allows retail traders to instantly access hundreds of global markets.
XTB’s transparency and speed of execution are two of the reasons XTB has won a number prestigious awards. This includes the #1 EMEA Bloomberg spot in FX accuracy Q2 and Q3 2018, respectively.
The company is also regulated in the UK by the Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission.
Trading Platform
XTB’s unique trading platform, xStation 5 is impressive.
xStation 5 was voted Best Trading Platform 2016’ by the Online Personal Wealth Awards. It offers reliable execution in a matter of seconds (on average 85 milliseconds) and no requotes.
It includes a market audio commentary (a paid service with other broker) as well as an advanced trade calculator that instantly determines every aspect for you.
It also includes a comprehensive video tutorial section and sentiment heatmaps. Real-time performance stats provide real-time data that breaks down your trading behavior and shows you where your strengths are as a trader.
xStation 5, which is available on mobile, tablet, desktop and mobile devices, has a number of innovative technical tools to assist you in your trading. The platform is accessible to all levels of trading experience.
xStation 5.
Web Trader
The Web Trade platform allows traders access xStation 5 via the internet. This is possible without having to download any additional software. It also works with Chrome Firefox Safari Safari Opera. The platform can also be used on a variety of devices, including Windows and Mac.
You should note that XTB traders can no longer open accounts on MT4 platforms after 2022.
Assets & Markets
XTB offers more that 2,100 instruments across six categories.
- Forex:57 currency pairs. These include all major currency pairs plus minors and exotics
- Shares XTB: XTB allows CFD trading in more that 1,500 shares of companies who trade in the United States and United Kingdom.
- Indicators:The website offers more than 20 indices from around the world, including those from China, Germany, and the US.
- ETFsTraders are able to speculate on 1,850 global stock futures CFDs with no trading restrictions
- Commodities Trade in popular commodities like gold, silver, wheat, oil, and coffee.
- Cryptocurrencies : These are the biggest names in crypto like Bitcoin (BTC), Litecoin, LTC, Ripple (XRP) and Ethereum (ETH). UK traders cannot access this information
Our experts were disappointed that the online brokerage did not offer options and futures trading.
Spreads & Fees
Generally speaking, XTB offers competitive rates and is available to all clients.
XTB began offering 0% commission trading to Standard account holders in February 2022. Spreads are subject to fees.
Commission charges apply to trades that are placed on a Pro account. This charge will depend on the base currency.
Margin trades can be subject to an overnight swap fee based upon overall exposure.
You can open an account for free and deposit no minimum amount.
For all transactions involving instruments denominated differently from the account currency, a 0.5% currency converter fee will be charged.
Types of XTB accounts
XTB offers a Basic or Standard account, as well Pro accounts.
Free account setup for XTB Standard accounts. Spreads start at 0.35 pip, minimum order size of 0.1 lots is 0.1 and leverage is limited to 1:30. Trading on the Basic or Standard accounts is free of commission and automated trading is available. On request, an Islamic account may also be opened.
Account options can vary depending on where you live, so be sure to check the official site for details.
Register
Traders may apply for a live trading account by filling out an online form.
XTB must, as with all regulated broker, go through the ‘KYC (know your customer), protection against money laundering and other checks that make things easier for traders.
You will find the green “Create Account” button on the website. Clients will be required to enter their personal information such as name and phone number.
You can then choose the trading platform, account type, language, and currency.
Verify your ID at the last stage. You can verify your identity and address using any one of the following methods:
- Passport
- Driver’s license
- Identity card
Traders can also upload their ID proof directly from their mobile phone. It should be current and clean.
Once the registration is complete, clients are able to login and trade.
Mobile App
Traders can execute orders right from their mobile devices with XTB’s mobile app.
Through a mobile optimized platform, clients can access over 1,500 global financial market via fully optimized mobile platforms. Mobile trading is also supported by account management tools, charts, and other important tools that are required to trade in real-time.
As well as tablets, Android, Windows, and iOS devices can be supported. You can download the XTB Mobile app from the relevant store.
Deposits
XTB Broker accepts credit/debit (Visa Mastercard Maestro, Mastercard), e-wallets (Skrill, Paysafe) and wire transfers (though only within the country in which the account is registered). Most payments are processed quickly.
XTB charges no deposit fees except with Paysafe, which is charged a 2% surcharge. Transfers in foreign currencies may incur exchange rate fees. Clients will be responsible for these charges.
Acceptable currencies: EUR, USD (or GBP), and HUF.
Withdrawals
Withdrawals can be processed on the same day if they are received by 1 pm GMT. Requests made after 1 PM GMT are processed the next day. This applies to GBP and EUR withdrawals as well domestic HUF withdrawals.
Withdrawals will be made to your designated bank account. To do this, you will need documentation.
Most withdrawals can be made free of charge. A small amount may require a fee. The official website has a complete listing of charges.
XTB Leverage
Clients’ leverage will vary depending on their location and local regulations.
UK residents are eligible to be onboarded by XTB Limited UK. Maximum leverage for an FCA-regulated entity: 1:30
CySEC regulation provides leverage for EU residents up to 1:500, while non-EU citizens have more flexibility. You can leverage up to 1 500.
Demo Account
XTB offers a free demo account.
The account is open for use for four weeks. 100k virtual money is added to the account. Clients have access over 2,100+ CFD market including shares, commodities, indices, and commodities.
Support is available 24 hours (Monday through Friday).
Regulation & Reputation
XTB subsidiaries are subject to regulatory oversight by several financial institutions:
- XTB UK has been licensed by the Financial Conduct Authority, license number 522157
- CySEC license number 169/12 regulates XTB Europe
- XTB International has been licensed by the Belize International Financial Services Commission, license number IFSC/60/413/TS/19
- X-Trade Brokers DM SA was authorized by Polish Securities and Exchange Commission under license # DDM-M-402157-1/2005 and supervised and supervised in part by Polish Financial Supervision Authority Komisja Nadzoru Finansowego
- XTB Spain is regulated by the Comision Nacional del Mercado de Valores under license number 40
- XTB MENA has a category 3A licence from the Dubai Financial Services Authority.
According to company regulations, client funds are kept separate from company funds. The financial services compensation scheme (FSCS) protects traders’ funds up to 85,000 GBP in the event of insolvency.
Education Resources
XTB offers a wide range of customized educational materials for clients, many of them free of charge.
Our experts identified training videos, online articles, and tools to facilitate live webinars. You can also download a trading library for free, which is great for beginners.
A ‘Trading Academy is also available. The online academy can be divided into four sections: Basic, Intermediate Expert, Expert, Premium. In the intermediate section, you will find topics related to technical and fundamental analysis.
XTB is also partnering with Jose Mourinho (football legend) to share tips for managing stress and how to approach financial markets.
Alerts for Trading
A mobile trade alert can be signed up by clients to receive information from industry experts. The service is free for seven days. After that, there is a charge.
WhatsApp alerts are sent in real-time and include breaking news, updates and technical information.
XTB also holds regular Trading Clubs at Canary Wharf in London. This is a great chance to meet other traders. These clubs allow for open discussion on a variety strategies and live market analysis.
Customer Support
The customer service team is available by phone, email, and live chat. A client is assigned an account manger to help with account-related matters.
These languages are available for support:
- English
- Czech
- French
- German
- Hungarian
- Italian
- Portuguese
- Polish
- Russian
- Romanian
- Spanish
- Slovak
- Turkish
- Vietnamese
- Thai
- Arabic
Please note that XTB is not allowed to operate in the United States because of local regulations.
Benefits
Our experts found that XTB was a great online broker for traders.
- Global presence
- Cashback rebates
- Free demo account
- 2,100+ instruments
- Mobile trade alerts
- Micro lot trading
- Spreads starting from 0.1 pip
- Flexible account options
- Professional investing account
- 1:500 leverage available to global traders
- No minimum deposit requirements
- A range of useful educational resources
- FCA, KNF CySEC and IFSC-regulated
- 24/7 customer support available from Sunday to Friday
- Award-winning: “Best forex Broker Award”, Best trading platform, “Online personal Wealth”
Drawbacks
However, opening a live XTB bank account has its limitations.
- Offering a single platform
- US clients are not eligible
- CFDs are the only type of instruments in the portfolio
Safety & Security
XTB has a number measures in place to protect client funds.
- Access authorization – This is a code, fingerprint or password-based access to .
- Secured connections All connections between XTB Services and mobile apps are completely encrypted
- Multi-factor authentication – key changes cannot be implemented until identity has been verified through multiple methods
- Advanced Network Infrastructure– XTB continues to work to improve its infrastructure and to adopt new technologies to protect clients’ safety and security
XTB is also regulated globally by the most respected bodies. This ensures that brokers adhere to a high standard.
XTB Verdict
XTB, a well-regulated broker, offers access to a large number of global markets and instruments. xStation, a proprietary trading platform, has been awarded numerous awards. Flexible account options and competitive spreads make it easy to find the right account.
XTB might be a good option for trader based outside the EU or UK. US clients cannot access these services.
Accepted Countries
XTB welcomes traders from Thailand and other countries such as the United Kingdom, South Africa. Hong Kong, France. Germany. Norway. Sweden. Denmark. Saudi Arabia. Kuwait, Luxembourg. Qatar.
Traders are not allowed to use XTB in the United States, Canada and Australia.
FAQ
Is XTB regulated
Yes, XTB Ltd. (UK) is regulated under the FCA (Financial Conduct Authority). XTB Ltd. (CY) is regulated under the CySEC. Other top agencies also regulate brokerage – read our full review.
What Is the Minimum Deposit at XTB
XTB has no minimum deposit requirements. You can open an account for free. This makes it very popular for novice traders wanting to speculate on stocks and forex.
What Is xStation 5 Software At XTB
XTB offers account holders a trading platform called xStation 5. XTB created xStation 5 as a bespoke platform. It is accessible online or through the mobile application (xStation Mobile). It is both reliable and beginner-friendly.
What is XTB’s competitor?
Exante is a financial services company based in Europe that operates as a broker (One of the offices is located at 28 October Ave 365, Limassol 3107, Cyprus). The company offers services related to trading and investment, including the trading of financial products such as stocks, bonds, and other securities. It is a regulated financial services provider and operates under the supervision of various financial authorities, including MiFID II. The company aims to provide its clients with a wide range of investment opportunities and to facilitate their access to various financial markets.
Who is X-Trade and What Are Their Jobs?
X-Trade brokers is the full name of XTB. The company’s history goes back to 2022, and it now has more than 500,000 clients.
Do XTB have a Facebook page?
Yes, XTB does have a Facebook page. You can search for XTB in Facebook to find the local page. The brokerage is also active in other social media channels like Instagram and LinkedIn.
Are X Trade Brokers a Polish Company?
X Trade Brokers is listed on the Warsaw Stock Exchange. It reports to the Polish Financial Supervision Authority. However, the company now has multiple entities and hundreds of thousands of clients around the globe. In this detailed review, we break down the entire history of the company.
