XTB Broker Review – All About XTB.Com
XTB has over 20 years of experience in providing premium online financial services. One of the most advanced global brokerages today, XTB has offices all around the world. From the UK, Poland, Germany, and France, to Chile.
The core value that XTB enforces is honesty, transparency, and reliability. With their goal tied to delivering the best trading experience, XTB focuses exclusively on the trading needs of their clientele.
FCA, KNF, CySEC, and FSC are the regulators that have confirmed XTB to be a legitimate and genuine Forex and CFDs trading provider. Read our XTB review and find out all about a company that helps clients become better investors by offering them first-class support, the latest platforms, and rich learning material.
|Regulation||FCA, KNF, CySEC, CNMV and FSC|
|Platforms||xStation 5, xStation Mobile|
|Instruments||Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs|
|Demo Account||Available for 4 weeks|
|EUR/USD Spread||0.1 pips|
|Base Currencies||EUR, USD, GBP, HUF|
|Education||Articles, E-books, Webinars, Live sessions|
XTB Broker Regulation and Security of Fund
XTB is a world-famous brokerage powerhouse in possession of several online trading certificates:
- Financial Conduct Authority (FCA) license from the UK regulator
- License by Komisja Nadzoru Finansowego (KNF) in Poland
- Regulation by Comisión Nacional del Mercado de Valores (CNMV) in Spain
- The Cyprus Securities and Exchange Commission (CySEC) license from Cyprus
- Financial Services Commission (FSC) license from Belize
Impressive, isn’t it? No doubt XTB has worked hard to obtain these. UK and EU regulators are known to enforce some of the strictest licensing standards in the world. Not only do the brokers have to be transparent, honest and reliable in many ways, but they also have to provide a hefty capital as a proof of that.
In the UK the future brokerage houses first invest 730.000 GBP, while EEA brokers have to deposit 730.000 EUR. Similarly, every UK or EU broker has to store customers’ funds in segregated bank accounts as one of the highest security measures.
Leverage for both of these zones is strictly limited to 1:30 at most, while negative balance protection is also installed as another risk-reduction method. All clients are protected by the Financial Ombudsman and the compensation fund reimburses them with up to 20.000 EUR/ 85.000 GBP.
This is not where the story ends for EEA brokers. ESMA (The European Securities and Markets Authority) is an independent European Union Authority that has put together another set of regulatory rules – MiFID. By enforcing these, the financial authorities ensure enhanced customer protection and one more layer of transparency considering monetary transactions.
In that sense, XTB is so heavily regulated you won’t have to worry for a single second about the security of your deposits. The single offshore license from the Belize regulatory entity is somewhat less strict, but nonetheless in force.
XTB Broker Available Account Types
The single two account types at XTB are the following:
- Standard account
- Swap-free account
Here comes probably the best part – the amount of real cash you have to invest to become an owner of either account could be as little as $1. With over 2100 tradable assets on offer, tight spreads and leverage up to 1:500, you can trade to your heart’s content on hundreds of worlds markets.
The basic elements which make a difference between the two accounts are the spreads. For the Standard account, the spreads start from 0.5 pips, while the Swap-free accounts have spreads starting from 0.7 pips.
Accounts pretty much utilize the same features, such as the same offer of the trading platform, same minimum trading size, and no commissions charged for trading Forex, Indices, Commodities, Stock CFDs and ETF CFDs.
XTB Broker Leverage
XTB has a whole page in the help section that explains what leverage is available to clients from different parts of the world.
As you probably already know, leverage is an important aspect of buying and selling financial products that allows you to trade with borrowed funds and with just a small deposit. Leverage is your exposure to the trading instrument and the higher it is, the bigger the exposure. This means that the risk for winning/losing proportionally increases with the leverage.
In case of UK clients that fall under the regulatory framework defined by FCA, leverage available is up to 1:30. The same stands for EEA traders. Now, the non-UK and non-EU clients can enjoy higher leverage since they fall under the IFSC regulation. The leverage in that case goes all the way up to 1:500. MENA Region Residents also have leverage restricted to 1:30.
XTB BrokerTrading Instrument
Following the leverage of up to 1:500, no commission and tightest spreads of 0.1 pips on Forex majors, XTB clients can trade over 2100 financial assets:
- Forex (EUR/USD, EUR/GBP, EUR/JPY, AUD/USD, NZD/USD, USD/TRY)
- Indices (UK100, DE30, US500, US2000, EU50, FRA40, RUS50, SPA35)
- Commodities (Gold, Silver, Oil, Natural Gas, Cocoa, Corn, Wheat, Coffee)
- Stock CFDs (Apple, Amazon, Barclays, BMW, Facebook, Tesla)
- ETF CDFs (SDPR S&P 500 Trust ETF CFD, Global X Uranium ETF CFD)
- Cryptocurrencies (Bitcoin, Litecoin, Ethereum, Ripple, Polkadot)
Deposits and Withdrawals at XTB Broker
XTB is one of the leading brokers when it comes to safe and fast transactions. It is, after all, one of the crucial aspects that new investors pay special attention to. Every trader deems it utterly valuable and comforting to know their funds and personal data are safe and protected.
For that reason, XTB has made the most preferred and safest transferring methods available:
- Credit and Debit cards (Visa, MasterCard, Maestro)
- Bank Wire transfers
Besides the highest security standards that follow every money transaction, probably the next most notable aspect is the low deposit requirement. As we’ve already mentioned in the account types section, you can start trading at XTB with just $1 deposited.
Another great advantage of being an XTB client is the speed of transfers performed. Depositing from credit cards and debits is instant. Bank wire transfers may take a little longer, especially for withdrawals, but it’s never over one business day. Depositing and withdrawing funds is completely free, but withdrawals of sums lower than $100 are charged $20.
XTB Broker Trading Platform
After 20 years in the brokerage business XTB has learned more than the essentials of online trading and what makes a good trading platform. This vast knowledge was engaged when XTB was creating their own award-winning trading software – xStation 5.
What distinguishes this software solution from other available platforms today is the superior speed, reliability, and the fact it is easily navigated. The distribution somewhat reminds you of the other popular platforms but the performance is definitely at another level. Fully customizable and superbly fast, xStation 5 brings you assurance of always being a step ahead of the competition.
Besides the desktop version, XTB has developed a mobile trading app as well. Well aware that traders today hardly have time to sit in front of their laptops and desktop computers, XTB brings xStation Mobile.
Comprehensive charts, easy risk management, and access to thousands of trading instruments on all popular world markets give traders a realistic opportunity to fulfill their trading vision.
Since XTB covers the global Forex market, they’ve allowed clients from all corners of the world to use the support service in their own language. XTB staff understands the need that foreign traders have when it comes to asking for help. That’s why XTB has provided multilingual support. Website lists contact information of all their offices, including their physical addresses and phone numbers.
Besides emails and phone numbers, as well as office locations, XTB customers can contact help agents via the Live chat features. In contrast to many other brokers that have made this feature fully automatic, at XTB chat you can actually directly message the customer service employee. The biggest flaw in this is that the customer support is only available 24/5.
We’ve already discussed XTB being an innovative brokerage service that is client-oriented. In those terms, XTB offers meticulously designed yet comprehensive learning courses in different shapes and forms.
The Knowledge Base consists of various articles on trending topics like platform set-up, account managing, depositing, trading instruments and basic trading techniques. You can easily learn the basics of online trading through these textual explanations, downloadable E-books, video tutorials and the glossary.
More advanced traders that are looking for more complex information to perfect their trading strategies and investing abilities can partake in Webinars and live discussions with Forex experts.
XTB Broker Overall Summary
FCA, KNF, CySEC, CNMV, and FSC licenses are the major confirmation of this broker’s legitimacy. Our XTB review has tried to cover all the basics from account types, platforms available to trading conditions and instruments offered. Of course, these basics were just so you could get a starting idea of what to expect at XTB. More information is better acquired by opening a Demo account.
XTB is a fully transparent broker, meaning what you see is what you get. And all the information you additionally wish to obtain is available right there on the broker’s site. The important thing to remember is to always pay close attention to every trading parameter and manage your risk well. Regardless of how safe the broker is, you still need an efficient strategy.
FAQs About XTB Broker Broker
Can I have a Demo and Live Account Working at the Same Time?
Having a Demo account in no way affects your live trading account because their purpose is different. A demo is a trial account to test out the trading conditions, while the Live account involves investing real cash.
What Trading Platform Does XTB Broker Offer
XTB offers its own trading platform, developed by the XTB programming experts - xStation 5 and xStation Mobile.
What Is The Minimum Deposit at XTB Broker?
There’s no minimum amount expected of you to deposit. You can deposit just $1 and start live trading.
Is XTB Broker a Safe Broker?
Yes, XTB is utterly safe for investing and trading thanks to FCA, KNF, CySEC, CNMV, and FSC licenses.
Does XTB Broker Offer Demo Account?
XTB does offer a trial account with virtual funds, but only during the first 4 weeks.