XTB caters well to beginners and cryptocurrency enthusiasts, offering a simple trading environment with its single, no-commission account structure. With a broad selection of cryptocurrency CFDs, XTB is a strong choice for focusing on digital assets.
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XTB Summary
XTB is known for its competitive standard spreads, especially in the EUR/USD pair, and offers a wide range of over 1,500 instruments, including a diverse selection of cryptocurrency CFDs.
XTB has streamlined its account options, moving away from raw pricing and now offering a single, no-commission spread structure. This change, while simplifying the trading experience, may not be ideal for high-volume traders who previously benefited from the flexibility of raw spread accounts.
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In 2024, XTB streamlined its pricing options, now providing a singular, no-commission spread structure. Previously, they catered to diverse trading needs with a Pro Account featuring raw spreads. However, this option has been phased out, leading to a unified approach with the Standard Account.
While it might not be the ideal choice for traders dealing in high volumes, it’s perfectly tailored for beginners who prefer a straightforward, commission-free structure.
As shown in the table below, XTB offers a competitive average spread of 0.90 pips for the EUR/USD pair, one of the best in the market.
For other major pairs like EUR/GBP and AUD/USD, their spreads are not the lowest but remain reasonably competitive, and all are provided without additional commission fees.
To determine XTB’s average spreads, we analysed the data of over 40 top brokers.
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No Commission Spreads: Standard Accounts
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|---|---|---|---|---|---|
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0.90 | 1.30 | 1.40 | 1.40 | 1.80 |
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0.93 | 0.92 | 0.98 | 1.31 | 0.98 |
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1.00 | 1.20 | 1.00 | 1.20 | 1.00 |
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1.00 | 1.00 | 1.20 | N/A | 1.10 |
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0.90 | 1.20 | 2.10 | 1.10 | 1.30 |
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0.90 | 1.10 | 1.60 | 1.80 | 1.50 |
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1.00 | 1.11 | N/A | 1.30 | 1.28 |
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1.10 | 1.10 | 1.10 | 1.20 | 1.20 |
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1.20 | 1.30 | 1.20 | 1.20 | 1.30 |
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1.20 | 1.30 | 1.50 | 1.70 | 1.20 |
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1.10 | 1.20 | 1.30 | 1.40 | 1.40 |
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1.10 | 1.20 | 1.40 | 2.00 | 1.50 |
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1.00 | 1.00 | 1.50 | 2.00 | 1.50 |
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0.90 | 1.10 | 1.50 | 1.80 | 2.00 |
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1.12 | 1.64 | 1.30 | 1.55 | 1.32 |
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1.00 | 1.40 | 1.60 | 2.20 | 2.10 |
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1.13 | 1.01 | 1.71 | 2.27 | 1.98 |
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0.90 | 1.30 | 3.60 | 3.00 | 1.70 |
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1.00 | 1.20 | 1.60 | 2.10 | 1.80 |
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1.10 | 1.20 | 1.40 | 1.50 | 1.20 |
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1.20 | 1.70 | 1.50 | 1.90 | 1.50 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 10/01/2024
To determine XTB’s average spreads, we meticulously analyzed data from over 40 top brokers. Our approach included gathering average monthly spreads published on their websites for standard accounts and employing MT4 indicator bots to test actual average spreads.
This comprehensive method ensures a reliable comparison of XTB’s spreads against the industry standards, providing a clear picture of their competitive positioning in the market.
XTB provides a Swap-Free account tailored for traders adhering to Islamic finance principles, which prohibit the payment or receipt of interest. This account replaces the usual swap fees with a fixed commission starting from $10 per lot.
It offers access to commodities, indices, ETFs, share CFDs, and forex markets. However, it excludes cryptocurrency trading and certain currency pairs like EUR/TRY and USD/ZAR.
Please note, the Swap-Free account option is available only through XTB International, not through XTB’s UK subsidiary.
Cashback Rewards And Bonuses
XTB offers cashback rewards for high-volume traders, but the availability and rules vary based on the trader’s location and the XTB subsidiary they are registered with. For non-UK/EU residents registered with XTB’s IFSC Belize regulated entity, cashbacks are part of a loyalty offer. Traders who exceed 15 contracts (lots) per month can contact their account manager to set up a personalised discount program.
However, for UK residents under FCA regulation and EU residents, cash-based incentives are not offered due to regulatory restrictions. Instead, XTB UK provides a discount program for high-volume traders.
Cashback bonuses are also not available for retail clients in the UAE due to local regulations.
Verdict on XTB Spreads
In 2024, XTB consolidated its pricing structure by phasing out the Pro Account with raw spreads, focusing on a standard, no-commission spread model that offers competitive rates, such as 0.90 pips for EUR/USD, catering primarily to beginners and less to high-volume traders.
XTB offers customers two trading platforms, MetaTrader 4 (MT4) and xStation 5. Although both platforms make for an intuitive trading experience, there are key differences between the software in regards to product range, trading tools and risk management features.
MetaTrader 4 is the preferred trading platform for many retail investor accounts. XTB customers using MT4 can enjoy the following features:
A disadvantage to using MT4 is that you are unable to trade XTB’s full product range, as MT4 was primarily designed for forex trading.
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A major benefit to choosing xStation 5 over MT4 is the market access traders gain. While MT4 users cannot trade ETFs, shares or cryptocurrencies, those using xStation 5 can access XTB’s full product range with ETF, Share and Crypto trading permitted.
xStation 5 is well-suited to all levels of trading experience as the platform offers an easy-to-use design while providing unique technical analysis tools.
Examples of the trading tools and unique features the xStation 5 XTB platform offers include:
For those wanting to trade on the go, mobile trading apps are available for xStation and MetaTrader 4.
xStation Mobile App
The broker’s proprietary xStation mobile app offers similar features to the desktop trading platform, with multiple order types, real-time news and in-house analysis, market sentiments and a range of technical analysis tools.
The broker’s proprietary mobile app is customisable, with the option to change the display to dark mode to save battery and enhance mobile charting and analysis.
MT4 Mobile App
XTB customers will find an ease-of-use when trading on MT4 with the ability to easily switch between the desktop platform and mobile apps. Whether you want to trade via tablet or mobile device, the mobile apps well-designed layout makes it easy to analyse financial markets and place orders on the go.
Both xStation MetaTrader 4 mobile apps are compatible with Apple and Android devices.
Trade Experience
XTB achieves tight spreads and fast execution by sourcing its liquidity via X Open Hub. X Open Hub is a specialist in providing technology solutions that connect ECN and STP type brokers with the multi-asset liquidity pools consisting of banks and other top tier financial institutions. XTB’s arrangement with X Open Hub means XTB can offer ECN-style spreads on Forex, Shares, Crypto (not UK subsidiary), Commodities, Indices and ETFs so traders can take advantage of institutional-grade pricing.
Although spreads and fees vary between XTB’s 3 account types, benefits enjoyed by all XTB traders include:
Verdict on XTB’s Trading Platforms
XTB offers two distinct trading platforms, MetaTrader 4 for experienced traders focused on algorithmic strategies and xStation 5, their proprietary platform, providing comprehensive market access and user-friendly tools suitable for traders at all levels.
XTB has an overall trust score of 70 based on regulation, reputation, and reviews.
XTB is seen as a safe and trusted CFD broker as its overseen by top-tier financial authorities including:
| XTB Safety | Regulator |
|---|---|
| Tier-1 | FCA CySEC |
| Tier-2 | DFSA CMNV (Spain) KNF |
| Tier-3 | FSC-BZ |
XTB was established in 2002, in London, UK and considered a reputable broker with 246,000 monthly Google searches.
XTB is listed on the Warsaw Stock Exchange (Poland) and has a strong presence across Europe with offices in 13 different countries, including France, Germany, Italy, Turkey, and the Czech Republic.
The broker has seen one regulatory issue in 2018 where they received a significant fine for irregularities in the execution of client orders. Yet, they have not had any regulatory mishaps since.
XTB has a TrustPilot score of 4 out of 5 from 865 reviews, indicating good client satisfaction.
Verdict on XTB Trustworthiness
XTB is recognised as a safe and trusted CFD broker with a trust score of 70, regulated by top-tier authorities, established with a strong European presence since 2002, and maintaining a good reputation with high client satisfaction despite a past regulatory issue.
XTB is an accessible broker with no minimum deposit and a range of fee-free funding methods.
To start trading, no initial minimum deposit is required by XTB, although the broker recommends $250.
When opening a trading account, you can select from four base currencies: the USD (United States Dollar), EUR (Euro), GBP (Great British Pound) and HUF (Hungarian Forint).
XTB offers bank transfers, credit cards, debit cards, and e-wallets like Neteller and Skrill, although availability depends on the region you are trading in.
As you can see from the table below, most funding methods are fee-free.
| XTB Funding Methods | UK Residents | European Residents | MENA Residents | Non UK/EU Residents |
|---|---|---|---|---|
| Bank Transfer | No fee | No fee | No fee | No fee |
| Credit Card | No fee | No fee | ✖ | No fee |
| Debit Card | No fee | No fee | No fee | No fee |
| Skrill | 2% fee | No fee | ✖ | 2% fee |
| Neteller | ✖ | ✖ | ✖ | 1% fee |
| PayPal | ✖ | No fee | ✖ | ✖ |
XTB charges no withdrawal fees as long as you are withdrawing at least €100 (Europe), $50 (International), or £60/€80/$100 (UK). Funds can only be withdrawn into your verified bank account.
| XTB Subsidiary | Minimum Withdrawal Amount | Withdrawal Processing Time |
|---|---|---|
| XTB Limited (UK) | £60, €80, or $100 | Same day if requested before 1pm (GMT); next working day if after 1pm |
| XTB Limited (CY) | €100 | No later than the next business day after receiving the request |
| XTB International Limited | $50 | Standard processing time is 1 business day |
Verdict on XTB’s Payment Methods
XTB offers accessible trading with no minimum deposit requirement, a variety of fee-free funding methods, and multiple base currency options, though withdrawal fees are waived only above certain minimum amounts.
As an XTB customer, you can develop trading strategies using Contracts for Difference (CFDs) derived from 6 different asset classes.
Cryptocurrency Trading
When compared to top forex brokers, XTB offers one of the largest selections of cryptocurrency CFDs. While many brokers provide access to between 5-10 crypto CFDs, XTB offers 14.
A combination of popular and emerging crypto CFDs are available such as Bitcoin, Bitcoin Cash, Ethereum, EOS, Dash Litecoin, Ripple, , and Monero.
FCA Regulated Brokers are no longer able to offer cryptocurrencies to retail traders due to FCA regulations. If you want to trade cryptos, you will need to sign up for an XTB subsidiary outside of the UK.
There are some restrictions when it comes to XTB’s cryptocurrency range. Cryptocurrency CFD trading is not available to MT4 users or Islamic account holders.
To access XTB’s Cryptocurrency trading instruments, customers are required to use xStation 5 and a Standard Account.
Verdict on XTB’s CFD Range
XTB offers a diverse range of trading options with CFDs across six asset classes, including a wide variety of currency pairs, global indices, commodities, stocks, ETFs, and one of the largest selections of cryptocurrency CFDs among top forex brokers.
XTB offers customer support through email, phone, and live chat, complemented by face-to-face assistance in its offices across 12 countries. European clients have access to customer service 24/5, while traders outside the EU benefit from 24/7 support.
Verdict on XTB’s Customer Support
XTB provides comprehensive customer support options, including email, phone, live chat, and in-person assistance in 12 countries, offering 24/5 service for European clients and 24/7 support for traders outside the EU.
XTB offers a range of educational and research materials, though there is room for expansion in both depth and variety. Their current offerings include:
Verdict on XTB’s Research and Educational Materials
While XTB’s educational and research tools are helpful, especially for new traders, there’s potential for them to broaden their offerings to include more advanced topics and in-depth analyses.
XTB has established itself as a reputable forex broker with a competitive range of over 1,500 instruments.
However, it’s important to note that XTB has transitioned to a single account type with a no-commission spread structure, which may not be ideal for all traders, particularly those who prefer the flexibility of raw spread accounts.
XTB’s trading platforms, MetaTrader 4 and xStation 5, cater to a wide range of trading needs, but the educational and research resources are more suited for beginners and might lack depth for advanced traders.
The broker’s overall trust score of 70, based on regulation, reputation, and client reviews, reflects its standing in the industry. While XTB offers low spreads, fast order execution, and no requotes, the limitations in account types and educational resources may be a consideration for some traders.
Overall, XTB is a solid choice for traders looking for a straightforward trading experience with competitive pricing, but those seeking more advanced features and resources might find it lacking in certain areas.
XTB offers leverage ranging from a minimum of 2:1 to a maximum of 500:1, depending on the trader’s location and the specific entity they are registered with. For traders using XTB European entities, the maximum leverage is 1:30 for major currency pairs and 20:1 for minor currency pairs, while those registered with XTB’s offshore entity in Belize (IFSC) can access up to 500:1 leverage for forex pairs.
In the case of trading with XTB Limited UK, XTB Spain branch, or XTB Poland, the leverage is typically capped at 20:1. However, some instruments might require lower leverage. Outside Europe, traders can access leverage up to 200:1, except in gold trading, where it can be as high as 500:1.
For specific entities like XTB Limited UK, XTB Spain branch, or XTB Poland, leverage can be as restrictive as 5:1 or even 2:1, with certain instruments allowing a maximum of 1:1. For entities outside Europe, the leverage generally stands at 5:1.
XTB does not require a minimum deposit to start trading, although they recommend a minimum of $250.
XTB offers free demo accounts for both MetaTrader 4 (MT4) and xStation trading platforms. Beginner traders will benefit from using demo accounts as it provides the opportunity to build confidence and learn the ins and outs of a trading platform prior to trading with real money.
Yes, XTB is considered a safe broker with an overall trust score of 70. It is regulated by top-tier financial authorities, including the United Kingdom’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Polish Financial Supervision Authority (KNF), Spanish National Securities Market Commission (CNMV), and the International Financial Services Commission (IFSC).
CompareForexBrokers uses a detailed process to rank 40 brokers based on eight key categories (see Our Methodology). These categories include trading costs, trading experience, trust, trading platforms, customer service, range of markets, education, and funding methods.
This comprehensive approach helps traders find the best forex broker for their needs by considering factors like spreads, commissions, regulatory oversight, order speeds, available products, educational resources, and funding options. Justin Grossbard, the CEO and Co-Founder of CompareForexBrokers, leads this effort, leveraging his extensive experience in the field.
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Ask an Expert
Do you have a subsidiary within IE I have signed up for xtb-global.com is this a subsidiary of the main platform XTB.com? I have signed up but is it a CON? Have I been De FRAUD’ED? Colin Jeffrey UK
Hi Colin, We have no idea if you have been scammed but we took a look at xtb-global.com and we did see a few red flags. We checked with both XTB and XTB-Global and despite XTB-Global having a very very similar logo, we can confirm neither company have anything to do with each other. Both brokers confirmed this. The other thing we noticed is the website states “regulated by the Australian Securities and Investments Commission” but we checked the ASIC website and could not find any sign they are regulated with ASIC. We could go on but you get the idea. It’s possible the broker is a legitimate (albeit seeming unregulated) broker so the takeaway is, one should always check the broker’s website for their regulation licence number.
What are the benefits of XTB?
Pro of trading with XTB include commission free trading, advanced trading tools available through their in-house developed trading platform xStation 5 such as risk management tools, technical indicators, and charting tools. The broker also has a good range of trading products.
What countries are banned from XTB?
The following countries are not accepted by XTB
India, Indonesia, Pakistan, Syria, Iraq, Iran, United States, Australia, Albania, Belize, Belgium, New Zealand, Japan, South Korea, Hong Kong, Mauritius, Israel, Turkey, Venezuela, Bosnia and Herzegovina, Ethiopia, Uganda, Cuba, Yemen, Afghanistan, Laos, North Korea, Guyana, Vanuatu, Mozambique, Republic of the Congo, Libya, Macao, Panama, Singapore, Bangladesh, Kenya, Palestine and the Republic of Zimbabwe
What documents are required for XTB?
You will need to upload government 1 authorised proof of identity documents with photo such as passport, drivers licence plus proof of address statement created in the last 3 months such as bank statement, utility bill, phone bill or tax statement. These document as required by the brokers regulators and for Know Your Customer (KYC) obligations.