XTB

Rating: 99%

Min Deposit

$ 250

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Last Updated:Feb 13, 2024

XTB Broker - Introduction to the Forex Trading Platform and Its Features

XTB is essentially a forex and CFD broker incorporated as X-Trade in 2002. In 2004, X-Trade merged into XTB, adhering to the new Polish market regulations. It is the first leveraged forex brokerage in the Polish market, with its headquarters in Warsaw.

As of today, XTB operates in more than 12 countries, which include the UK, Poland, Spain, Chile, France, Germany, and Turkey and is one of the highly competitive forex trading players on the market. Traders can trade forex, CFDs on indices, commodities, shares, ETFs, and cryptocurrencies using the XTB forex trading platform.

The XTB broker’s proprietary web-based xStation 5 platform provides access to more than 1,500 financial instruments, including demo account options. The customer support of this broker is its USP. It is important to note that XTB International offers Islamic trading accounts without any swap fees and hidden costs.

1,500 financial instruments
50% bonus of your first deposit
No swap fees
No hidden costs
Native mobile app
Educational content

What Did We Cover in This XTB Broker’s Review?

All the information that is provided in the following XTB broker review is entirely factual, unbiased, and reliable. Here, we have attempted to compile everything a trader should know about the broker and the services they provide. A wide range of topics is covered in this XTB forex review.

Review Summary

XTB can be considered one of the most reliable brokers in the market. It is highly regulated by many credible financial institutions in many countries. The XTB’s trading platform, xStation 5, is user-friendly for novice traders. Experienced traders can also be satisfied with multiple asset types to trade.

Licenses

XTB Int. Ltd. is regulated and authorized by numerous credible regulators. Some of them include the UK’s FCA, Germany’s BaFIN, Poland’s KNF, France’s AMF, Spain’s CNMV, etc. In addition, the new branches opened by this broker have cross-border licenses in Austria, Sweden, Greece, Bulgaria, the Netherlands, etc.

Platforms

XTB provides two trading platforms: xStation 5 and MT4. xStation 5 is the proprietary trading platform of XTB with a simple UI and excellent execution speeds. This platform has won the “Best Trading Platform 2016” award given by the prestigious Online Personal Wealth Awards.

Privacy and Protection

With XTB being regulated by so many recognized financial institutions such as the FCA, BaFIN, KNF, AMF, and CNMV, we can say that trading with the XTB broker is extremely safe. Hence, users don’t have to worry about safeguarding their funds while trading with this broker.

Spreads/Fees

If you are one of their premium account users, the fees are very low. The minimum deposit is of €/$/£ 250/- In addition, XTB doesn’t charge any fee for being inactive, unlike other major brokers. The minimum spread provided for standard account holders is 0.35 and for pro account holders 0.28.

Mobile

XTB’s “xStation” is a great mobile application with brilliant UI and UX. It is also one of the most popular products of XTB, with more than 50% of its customers using it for their trading activities. Traders and investors can access the most recent market news, educational content, and trading statistics right from the app.

Customer Care

Customer service has been top-rated by the users of XTB. Users can talk to the customer support team right from the website and application using their live chat feature. Also, the phone and email support team are friendly while resolving issues quickly.

XTB Regulation Policy

In 2016, XTB was listed on the Warsaw Stock Exchange after its successful IPO with a valuation of ~$350 million. A listed company is typically more transparent, with all its financials disclosed regularly.

Also, the XTB broker is authorized and regulated by several credible regulators. Below is more detailed information on this.

XTB Int. Ltd. is regulated by Belize IFSC (license number IFSC/60/413/TS/17).
In the UK, XTB is regulated by the FCA (license number 522157).
CySEC governs XTB in Europe (license number 169/12).
XTB Spain is regulated by the Comisión Nacional del Mercado de Valores.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Trade Options with the XTB Broker

XTB provides access to a wide range of markets, such as foreign exchange, shares, metals, commodities, indices, and cryptocurrencies. Traders get to trade and invest in all of these financial instruments using this platform.

Currently, XTB allows trading of 48 currency pairs with micro lot–size contracts. There is no minimum initial deposit, and traders can avail spreads from 0.1 pips. Some of the major pairs include EUR/USD, AUD/CAD, EUR/CAD, CHF/JPY, and EUR/NZD.

XTB allows access to more than 20 indices across the world, including those from the United States, Germany, and China. Low transaction costs, financial leverage, and the ability to go long or short are some of the most significant features. Also, there is no cost to hold a position overnight. UK100, US30, JAP225, CHNcomp, MEXcomp, and AUS200 are some of the notable indices that can be traded in XTB.

Apart from currency pairs and indices, traders can explore and speculate essential commodities such as oil, gold, silver, natgas, sugar, copper, coffee, etc.

XTB also supports CDFs on more than 1,500 equities and 60 ETFs with leverage as high as 10×. Ultra-fast executions and low commissions are the notable pros of XTB compared to other brokers in the market.

One of the most significant tradable products that XTB offers is cryptocurrencies. Initially, the list of tradable cryptos was confined to BTC, ETH, XRP, LTC, and DASH. However, in 2018, this list expanded to more than 20 pairs, including Neo, Tron, Stellar, IOTA, etc. It is important to note that this broker also offers a limited trading session for crypto CFDs on the weekends. Many brokers do not offer weekend trading sessions as XTB does.

Types of Accounts

There are three types of accounts offered by the XTB broker. Let us discuss each one of them briefly and show their features.

Standard Account

This account includes about 1,500+ instruments for XTB trading. The available instruments include forex, commodities, indices, cryptos, stock CFDs, and ETF CDFs. These accounts have standard spreads, and there is no commission charged for trading stock indices, forex, and commodities. However, there is a commission of 0.08% (per lot) charged for trading stock CFDs and ETF CFDs. Moreover, it provides a feature of automated trading.

Standard Account
Maximum Leverage	1:200
Minimum spread	0.35
Swap	Yes
Trading platforms	xStation and MT4
Commission (forex, indices, commodities)	Zero commission
Commission (Cryptocurrencies)	Zero commission

Pro Account

This account also allows the client to trade in instruments such as forex, commodity, indices, cryptos, stock, and ETF CFDs. These accounts have tighter spreads, and they do charge commissions for trading equity indices, currency pairs, and commodities. The commission, again, is the same as that of a standard account. It provides two trading platforms: xStation and MT4, which can be accessed via the web, desktop, mobile, tablet, and smart watches.

Pro Account
Maximum Leverage	1:200
Minimum spread	0.28
Swap	Yes
Trading platforms	xStation and MT4
Commission (forex, indices, commodities)	Starting from $4 per lot
Commission (Cryptocurrencies)	Starting from $4

Islamic Account

Another account type apart from standard and pro accounts is the Islamic account. This account is no different from the other above account types—that is, it contains 1,500+ instruments for traders to trade. However, the spread and commission vary from those of standard and pro accounts.

Pro Account
Maximum Leverage	1:200
Minimum spread	0.28
Swap	Swap Free
Trading platforms	xStation and MT4
Commission (forex, indices, commodities)	Starting from $10 per lot
Commission (Cryptocurrencies)	Data unavailable

Discover countless opportunities in this trusted multi-asset broker with more than 18,000+ assets to trade online. Join the game-changers.

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XTB - Top CFD and Forex provider

Pricing for XTB Broker Services - Fees and Commissions

First, there are two types of accounts provided by the XTB broker: standard and pro. The only difference between the two is that in a standard account, you pay only spreads, while in a pro account, you pay commission above the spreads as well. This commission is basically the interbank spreads.

With this under consideration, let us understand the different kinds of fees and commissions levied by the XTB broker.

Fee for Maintaining an Account

There is no fee charged for trading XTB and maintaining an account with this broker.

Commission Charged Per Lot for Equity CFDs and ETFs

The commission per lot for CFDs and ETFs starts from 0.08%, whose minimum commission is 5 EUR (CFDs) and 8 USD (ETFs). However, the average turns out to be the same as the minimum value.

Fees for All Other Markets

For standard accounts, no commission is charged, while for pro accounts, 2.50 GBP / 3.50 EUR / 4 USD / 1,100 HUF per closed lot and 2.50 GBP / 3.50 EUR / 4 USD / 1,100 HUF per open lot is charged.

Apart from this, there is a fee for e-wallet funding, debit/credit card funding, and small withdrawals, which shall be discussed in the next section.

Spreads

In the case of spreads, their value varies depending on the account type.

Below is a table that shows the minimum and target spread values for some of the major currency pairs and commodities.

Forex Minimum and Target Spread Values

Instrument	Minimum spreads Standard / PRO	Target spreads Standard / PRO
EURUSD	0.00006 / 0.00002	0.00007 / 0.00003
GBPUSD	0.00009 / 0.00001	0.00014 / 0.00006
USDJPY	0.007 / 0.001	0.011 / 0.005
AUDUSD	0.00017 / 0.00003	0.00019 / 0.00005
NZDUSD	0.00022 / 0.00005	0.00025 / 0.00008
USDCHF	0.00014 / 0.00002	0.00019 / 0.00007
EURJPY	0.021 / 0.003	0.023 / 0.005
GBPJPY	0.049 / 0.012	0.055 / 0.018
AUDJPY	0.04 / 0.003	0.043 / 0.006
EURGBP	0.00009 / 0.00001	0.00013 / 0.00005
EURCHF	0.00021 / 0.00005	0.00023 / 0.00007

Indices Minimum and Target Spread Values

Instrument	Minimum spreads Standard / PRO	Target spreads Standard / PRO
US 500	0.5 / 0.3	0.6 / 0.4
UK 100	0.9 / 0.5	1.1 / 0.7
DE 30	0.9 / 0.7	1 / 0.8
FRA 40	0.00017 / 0.00003	0.00019 / 0.00005
JAP225	21 / 13	25 / 17

Commodities Minimum and Target Spread Values

Instrument	Minimum spreads Standard / PRO	Target spreads Standard / PRO
GOLD	0.3 / 0.1	0.35 / 0.15
SILVER	0.04 / 0.007	0.041 / 0.008
OIL	0.04 / 0.03	0.04 / 0.03

Slippage

XTB is one of those very few brokers with an ultra-fast trading platform and zero requotes. So traders don’t have to worry about any slippage. Their trades won’t be ordered at a different price compared to what they have executed them at.

Opening an Account in XTB

In this XTB forex demo, we have provided detailed snippets that act as a step-by-step guide for you while opening an account with this broker.

Opening an account is completely digitalized with the XTB broker. The process is simple, fast, and straightforward. The account opening procedure can be finished within 30 minutes. During this process, the broker will reach out several times by either phone or email.

Step-by-Step Process

Step 1:

First, follow one of our links to the official website. From the homepage, click on “Create Account.”

Step 2:

Provide your email address and the country you reside in.

Step 3:

Create a strong password.

Step 4:

A new page will appear where you will have to fill in your personal information, such as your name, email address, phone number, date of birth, etc.

Step 5:

Enter your address. Make sure you enter the address that is in your permanent ID (e.g., passport). This will make your address verification easier.

Step 6:

Choose the account type (standard or pro) and the trading platform (xStation or MetaTrader).

There are two types of accounts offered by the XTB broker. The only differences between these two accounts are the commission, spread, and fee.

Standard Account: These accounts have standard spreads, and there is no commission charged for trading stock indices, forex, and commodities.
Pro Account: These accounts have tighter spreads, and they do charge commission for trading equity indices, currency pairs, and commodities.

Step 7:

You will then be directed to a page where you need to provide additional information (screenshot below).

Step 8:

You’ll need to answer a few questions, which will be related to your trading experience.

Step 9:

Agree with the XTB broker’s terms and conditions by checking all three boxes below.

Step 10:

Once you log in with your credentials, you will receive an alert that says “Activate Account.”

Step 11:

To activate your account, you need to verify your identity and address. The identification process for the residents of Europe is very fast as it is verified via Experian. However, for non-European residents, you will have to submit a scanned copy of your photo ID and proof of residence.

Once the account is activated, you can start trading with the XTB broker.

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Deposit and Withdrawal Options

The deposit and withdrawal process in the XTB broker is user-friendly, cost-effective, and swift. Deposits are typically processed instantly, while withdrawals can take up to 3-5 business days.

Deposit

The XTB forex broker provides several options to transfer funds into your trading account.

The transfer options are as follows:

Bank Transfer: Accepted currencies include EUR, USD, GBP, and HUF.
Credit/Debit Card: Accepted currencies are EUR, USD, and GBP. The accepted cards are Mastercard, Maestro, and Visa.
Electronic Wallets: Accepted e-wallets include PayPal and Paysafe (Skrill).

Fee Charged for E-Wallet Funding

PayPal - A 2% flat rate of the account to be deposited will be charged.
Paysafe (formerly Skrill) - A 2% flat rate of the amount to be deposited will be charged.

Withdrawal

Unlike deposits, the only way to withdraw funds is through bank transfers. The withdrawal time typically does not exceed more than 2 working days.

Below is a table that represents different types of withdrawals with their processing times.

Deposit Method	Deposit Processing Times	Min Deposit	Withdrawal Procesing Times	Min Withdrawal
Credit / Debit cards	3-5 business days	$250	Up to 24-48 hours	$50
eWallets	3-5 business days	$250	Up to 24-48 hours	$50
Bank Wire	3-5 business days	$250	Up to 24-48 hours	$10

*18+ T&Cs apply to each offer.

The minimum withdrawal varies from currency to currency. Moreover, a fee is levied if the withdrawal amount is less than the threshold. You can refer to the table below to get an idea of the withdrawal fee.

Currency	Threshold	Withdrawal fee on amounts lesser than the threshold
USD	100 USD	20 USD
EUR	80 EUR	16 EUR
GBP	60 GBP	12 GBP
HUF	12,000 HUF	3,00 HUF

However, if the withdrawal amount is greater than the threshold, no charges are imposed on it.

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XTB Broker - Introduction to the Forex Trading Platform and Its Features

What Did We Cover in This XTB Broker’s Review?

Review Summary

XTB Regulation Policy

Trade Options with the XTB Broker

Types of Accounts

Standard Account

Pro Account

Islamic Account

Pricing for XTB Broker Services - Fees and Commissions

Spreads

Slippage

Opening an Account in XTB

Step-by-Step Process

Deposit and Withdrawal Options

Deposit

Withdrawal

How Secure Is the XTB Forex Broker?

Trading Platforms in XTB

xStation 5

MT4

Mobile Trading

Trading Features of XTB

Placing Orders

Trading Alerts

Reports

Customer Support

Additional Benefits

Education

Research Tools

Market Analysis

Overall Trading Experience

What Else Should You Know about the XTB Broker?

FAQ

Conclusion