XTB Review

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What made XTB the highest rated Forex and CFDs Broker of 2018 (an award they won with Wealth & Finance International Awards)? Lets find out; we shall be doing a detailed XTB review with information detailed in all clarity. So grab some coffee and make sure you don’t spill it on your computer when you come across an awe-inspiring fact about this broker! ☕

xtb logo

XTB is a global level forex broker licensed worldwide by top-tier financial regulators which includes the UK Financial Conduct Authority (FCA) and in Cyprus with the Cyprus Securities and Exchange Commission (CySEC). With headquarters in London and in Warsaw, XTB is a public listed company on the Warsaw stock exchange, in addition to being regulated by the Polish Financial Supervision Authority (KNF). All these attributes and a lot more which go to show this best XTB review is why they are reliable to trade and invest with. 

XTB Companies

XTB is a trademark of XTB Group. XTB Group includes:
X-Trade Brokers DM SA is authorised and regulated by the Komisja Nadzoru Finansowego (KNF) in Poland.
XTB Limited (UK) is authorised and regulated by the Financial Conduct Authority in United Kingdom (License No. FRN 522157).
XTB Limited (CY) is authorized and regulated by the Cyprus Securities and Exchange Commission in Cyprus. (License No.169/12).
XTB International Limited (XTB) is authorised and regulated by the International Financial Services Commission in Belize. (IFSC License No.: IFSC/60/413/TS/19).

Unlike other brokers that are regulated by only a few bodies, XTb is regulated by a a strong number of top regulatory bodies giving the broker a far reach across the world. 

Trading with XTB

XTb lets you trade on the ever-popular volatile markets of forex, crypto as well as other CFD products. Traders with XTB enjoy wonderful features in a fair trading environments with strong trading conditions. Get competitive spreads as tight as 0.8 pips (EU.Standard) or 0.1 pips (EU.Pro) with leverage as high as 500:1 (outside Europe). Transparency includes pip value, swaps and spreads on your trade ticket to avoid any surprise. 

XTB offers low trading fees for forex and also for Stock. In all, there are over 3000 markets which you can be trading with this broker spanning across forex, indices and stocks. 

Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs

Instruments for trading with with no minimum initial deposit.

Review XTB Products

  • XTB features 48 currency pairs – no requotes (price guaranteed. Yay) 
  • 35 Indices to trade long or short. 20:1 leverage in EU, 500:1 outside EU.
  • Gold, Silver, Oil among 21 Commodities for trading. Spreads from 0.007 pips
  • 1500+ Equity Stocks CFDs. 5:1 (EU) leverage, 10:1 outside EU
  • Access 60 ETF CFDs with low commission (from 0.08%)
  • Cryptocurrency CFDs (21 pairs) with 2:1 leverage, available 365/24/7

For products in indices, you have up to 20 available indices in XTb and these includes those from Germany, China and USA. Same as forex, they have low transactions costs and flexibility that allows you to go long or short. Other popular commodities that you can trade in XTB includes oil, silver, gold all without overnight costs.

For the CFD, there are over 1500 equities with low commissions but relatively high fees, but the ultra-fast execution plus long and short flexibility is enough to make up for that. 

Cryptocurrencies that you can trade on XTB includes Dash, Bitcoin, Litecoin, Ripple, Stellar, Ethereum. Crypto markets are open 24/7 around the clock. 

XTB Deposits and Withdrawals.

Deposits required for XTB is relatively low and can vary from country to country. The minimum deposit for clients in the UK is $250 whereas other European countries are not subjected to a minimum deposit amount. But it is better to contact their customer support services if you want to know the required deposit even before you open an account. Typically, you’ll need $400-$500 as a deposit, otherwise (and with low leverage) it can be hard to even open trading positions as you won’t have enough margin available.

Deposits on XTB can be done through;

  • Bank Transfer 
  • Credit/Debit card 
  • Paypal
  • Skrill 
  • BlueCash 
  • PayU
  • SafetyPay

However, SafetyPay is only available for clients that are outside Europe while BlueCash is only available for only customers in the polish entity. 

*As usual, bank transfers can take a couple of business days before reflecting while your credit/debit cards as well as electronic wallets are instant. 

XTB Withdrawals

For XTB broker, the only method of withdrawal is by bank transfer but the good news is, they do not charge any fees for your withdrawals as long as the amount is or above $100. Withdrawing less than $100 will cost you $20 and will take only 1 business day to reflect on your account. 

XTB Account Types and fees.

XTB Gold Trading eBook

Unlike some brokers, XTB keeps its account types simple; there are basically 3 account types on XTB, the demo account, the  standard and then the Pro accounts. 

The demo accounts allows you to practice and without paying any money. With the help of theor educational sections that offers variety of materials, you can be able to acclimatize yourself with their platform and start trading when you are ready. 

Standard account types: this account offers wider spreads and you are able to trade all their products; crypto, forex, indices or commodities without commissions – you’ll pay a bit more on the spread instead.

Pro account offers you trading experience with tighter spreads for forex, indices, commodities and cryptocurrencies. Teh spread is reduced to almost nothing, but this time with a commission of $3.50 per lot. Other commodities like ETF, CFD start at 0.08 pips per lot traded. 

Islamic account is also available for Muslims, which is a swap free account (no overnight charges). Note you are unable to trade cryptos with this Islamic account.

XTB Service Levels

Depending on your level of expertise, XTB offers different levels of services for various clients and exposure to trading. Here is a breakdown of these services to help you determine which one suits you best. 

  • Base
    • Zero volume in lots 
    • Zero deposit and with access to premium Educational materials 
  • Plus Service
    • 10 volume in lots with deposit of 100 EUR, access to premium educational materials, access to premium research materials, Premium push notifications as well as email notification and priority pass to their trading events as well as trading clubs. 
  • ViP 
    • The VIP service offers every other values above with 100 volume in lots and 25 000 Euros. It also includes one to one coaching, market analysis demand, Direct access to market analysis, cashback negotiations and an interests rate on account. 

XTB Trading Platforms. 

The distinctive feature setting XTB at the top of its game is the award winning simple to use interface of xStation 5. Designed and efficient with fast execution speeds. It also comes with a calculator, a trading chat with an advanced finish as well as trading statistics and analysis. This platform also includes the Trader’s Talk, Market sentiment and equity screener features. 

xStation 5 is available for all devices, desktops, tablets and mobile and you know what? It is also available for state of the art smart watches. ⌚

XTB Review of Trading Platforms, showing xStation 5 online platform
xStation 5 – Award-winning – Superior execution speeds – Easy to use

XTB also features the ever known MetaTrader 4 MT4 platform which every trader knows. 

XTB Customer Support.

The customer support on XTB broker is excellent and has earned them 5 stars from a lot of clients because of prompt and friendly services.  The Trust Pilot XTB review scores them 4.3 out of five stars.

XTB Review by trustpilot showing 4.3 out of 5 stars rating
xtb.com review on trustpilot.com

No more excuses. Create XTB account – you can start with a demo account and go through the educational resources to help you in your journey as a successful trader.