XTB

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Steve Miley
Updated: 23 Mar 2022

xtb review

XTB is a public limited company founded in 2002 in Poland. They are authorised and regulated by global authorities (including the FCA) and have their own impressive platform, xStation 5. Here we will be taking an in depth look at XTB and all you need to know about this broker; account types, regulation, trading platforms and more.

Broker Overview

XTB Lower trading fees

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Take a look
😁 We really liked…
  • UK regulated by the FCA
  • Great in-house trading platform, xStation 5
  • Publicly traded company, around since 2002
😕 Could improve...
  • Average fees compared to the industry
  • Demo account for 4 weeks only
General Information
Website XTB
Minimum deposit £1
Account types 4
You can trade Forex , CFDs , Stocks , Crypto

XTB Review Navigation

What canyou trade at XTB?

#1 Forex

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Min Deposit App Support Max Leverage Trading Fees
£1 Mid 1:30 Mid

XTB offers trading on a wide selection of currency pairs, including the majors, minors, cross rates and emerging markets. There are 48 currency pairs to choose from in total, with spreads starting as low as just 0.1 pips.

xtb forex currency pairs

The offering in the Forex space is very similar to the many other brokers and peers of XTB. However, the availability of micro-lots, the ability to trade on much smaller amounts per trade, could appeal to many newbie traders or for those who are looking to make smaller investments and who want to minimise risks.

#2 CFDs

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Min Deposit App Support Max Leverage Trading Fees
£1 Mid 1:30 Mid

Alongside Forex markets, XTB offers trading in 42 global CFD stock indices, 25 cryptocurrency CFDs, 22 commodity CFDs, plus 1828 individual stock CFDs and 118 ETF (Exchange Traded Funds) CFDs.

Additionally, XTB traders can benefit from negative balance protection, no requotes and mobile trade alerts for trading on-the-go.

 

#3 Stocks

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Min Deposit App Support Max Leverage Trading Fees
£1 Good 1:5 Mid

There are 42 stock average CFDs, but stock investors will likely be very interested in the impressive 1828 individual stock CFDs and 118 ETF CFDs offered by XTB. This makes the offering from XTB of stock CFDs wide, varied and impressive.

When it comes to actual, direct investment in real stocks, XTB do not offer this service.

#4 Crypto

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Min Deposit App Support Max Leverage Trading Fees
£1 Many 1:2 High

XTB offer a total of 25 of the most popular cryptocurrencies and altcoins as tradeable CFDs, including 9 individual coins and 16 crypto pairs. These are all offered on a x2 leverage basis and trading spreads are targeted at 1.0-1.5% of market price. Yes, this is lower than some of the more specialised cryptocurrencies brokers out there, but about in line with that on offer from XTB’s peers.

xtb crypto cfds

XTB do not offer actual, direct investment in cryptocurrencies.

What think our traders about XTB?

Trust and Regulation

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XTB was founded in Poland in 2002 and is a public limited company listed on the Warsaw Stock Exchange. They are regulated and authorised by four global supervision authorities. In the upper tier of regulation, XTB are regulated in the UK by the Financial Conduct Authority. They are also regulated elsewhere with licences in; France, Germany, Spain, Cyprus, Poland and Belize. XTB have worldwide offices in 13 countries.

Overall, this puts XTB at the upper end of regulation compared to their peers and are viewed as a reliable broker on the trust front.

Trust and regulation XTB
Regulated in how many countries 4
Year established 2002
Publicly traded Yes

XTB Awards

Offering of Tradeable Products

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XTB have a wide offering of tradeable instruments across the major global asset classes. AS can be seen in the table below, the offering in the forex, stock indices, commodities and cryptocurrencies is above the average when compared to many other brokers. In addition, XTB offer trading in individual stock CFDs, with 1828 stock CFDs available across 15 different exchanges. Furthermore, it is also possible to trade in CFDs on ETFs, which many of XTB’s competitors do not offer.

Product offering XTB
How many Forex Pairs offered 48
How many Stock Indices offered 42
How many Individual stocks offered 1828
How many Bonds offered 0
How many Commodities offered 22
How many Crypto pairs offered 25

XTB Forex Trading

Fees/Commissions

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XTB offer two trading accounts types, with different fee structures. The Standard Account offers a spread only, whilst the Pro Account has a lower spread, but with commission too. If you trade regularly and/ or with larger trading volume per trade, the Pro Account can offer better value.

XTB Account types

Fees/ Commissions XTB
EUR/USD average spread 0.5 pips
EUR/USD minimum spread 0.1 pips
Minimum account opening deposit €1
Withdrawal Fee Yes
Inactivity Fee Yes

Lower spreads discounts are also offered for active traders. Spread discounts start from 5% and are available if you trade more than 20 lots per month. This rises to 10% for more than 50 lots, 20% for more than 300 lots and 30% over 1000 lots per month.

XTB Spreads

Trading Platform

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xStation 5 is the XTB in-house and flagship trading platform and is widely regarded as an excellent trading platform, better than the generic platforms that many brokers offer their clients. It is intuitive and easy to use, but as well as being user-friendly the xStation 5 platform is incredibly powerful, offering access to a suite of advanced analytical tools for more experienced traders. These include economic news releases that appear within charts alongside the 34 drawing tools and 37 technical indicators that are available.

Alongside the access to the technical analysis tools and the overall user friendly and responsive design, from within the platform you can access other great trading tools, such as the stock screener, heat maps and sentiment analysis.

XTB Platform

The standard version is the Web Trade Platform, which is compatible with Chrome, Safari, Opera, and Firefox. Alternatively, clients can download a desktop version for either OS X or Windows. There is also an xStation mobile app available, plus access via iOS and Android smartwatches, which we look at in more detail in the Mobile section below.

XTB Economic calendar

XTB also offer the option of using MetaTrader 4 (MT4) with their accounts, for those that are happier using a third-party platform they may be more used to. However, we would have to say that the in-house xStation 5 is superior to the MT4 offering. Other key features include access to market sentiments, easy risk management tools, in-built trading, and access to the economic calendar and expert analysis from within the platform.

XTB Stocks Scanner

Platform feature XTB
Own platform Yes
Demo account offered Yes
MT4 Yes
MT5 No
cTrader No
Chart Indicators 37
Chart drawing tools 34

Mobile Offering

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XTB’s xStation 5 trading platform is also available in a mobile version for both iOS and Android devises via the App Store and Google Play respectively. The app is a superb compliment to the very impressive xStation 5 desktop trading platform with much of the functionality of the desktop version. The sentiment analysis, economic calendar and streaming news are all available in the app, alongside access to the education section. Although there are fewer indicators on the charting side, the technical analysis is still extremely user friendly with strong functionality. There is also the option to use iOS and Android smartwatches with the apps.

XTB Education Mobile

It is also possible to link your XTB trading account to the MT4 mobile trading app.

Mobile feature XTB
Own Apple app Yes
Own Android app Yes
Third party app (MT4/MT5/other) Yes

Education

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The education offering from XTB is of high quality and to an impressive depth. First of all, the fact that the education content is organized by experience level and also broken down into topics makes navigating the learning content very easy. In the “Basic” section, each lesson is followed by a quiz, which is a definite value added, and whilst the “Intermediate” section does not have the quizzes, the content is solid. As yet there is no “Expert” section available, but there is a “Premium” section available to those with a live trading account. Video content is also available via You Tube and in the “Premium” section, but at the time of this review, there were no educational or research webinars available.

XTB Trading Academy

Education feature XTB
Webinars No
Videos Yes
Community Forums No
Education Organized by Experience Level Yes
Education Organized by Topic Yes
Education Organized by Type No
Has Education – Forex Yes
Has Education – Stock Indices Yes
Has Education – Individual Stocks Yes
Has Education – Bonds No
Has Education – Commodities Yes
Has Education – Crypto Yes
Investor Dictionary/ Glossary Yes

XTB Education

Research

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XTB offers both third-party and in-house research, which easily competes with their broker peers. The Trading Central and Autochartist extras that many brokers offer are not available, but XTB do offer other value-added services. There are streaming news articles and breaking news from both the in-house research team and from third parties, a market sentiment indicator alongside a stock screener that has various filters, plus a solid economic calendar.

XTB Research

With respect to videos, the English-speaking section on You Tube had not seen any notable updates at the time of this review for some time, though non-English speaking channels on You Tube did have a healthy flow of research analysis, particularly from France, Germany and Spain.

At the time of this review, there were no research or educational webinars scheduled.

Research feature XTB
Research Organized by Experience Level No
Research Organized by Topic No
Research Organized by Type No
Has Research – Forex Yes
Has Research – Stock Indices Yes
Has Research – Individual Stocks Yes
Has Research – Bonds No
Has Research – Commodities Yes
Has Research – Crypto Yes

Customer Support

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