XTB.com Broker Review 2018 - Online Cryptocurrency Broker

Last updated & tested: 08.10.2018

XTB.com cryptocurrency broker is an exchange that offers many assets to buy and sell, including cryptocurrencies. There are currently five cryptocurrencies that can be traded on XTB. These cryptocurrencies include Bitcoin, Ethereum, Ripple, Litecoin, and Dash. XTB is a popular exchange and it is based in Poland. XTB also offers a number of other assets for trading such as ETFs and shares. There are many strengths to the XTB exchange. However, there are also a few weaknesses. Here is a complete overview of XTB.

Highlights
  • XTB is a popular online cryptocurrency exchange
  • It also offers other assets for trading
  • The XTB headquarters are in Poland
  • XTB has strengths and weaknesses
8.
of 14 Crypto Broker
XTB
XTB Experience
Trader Rating
Go to XTB opinions
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Risk warning: Capital can be lost. Terms and conditions apply.
Headquarters and regulation

Poland (KDPW)

Tradable crypto currencies

Bitcoin, Ethereum, Ripple, Litecoin, Dash

Number of crypto currencies

5

Market Model

Market Maker

Trading platform

MT4, Broker-owned Software

Mobile Trading & Apps

Demo account

Yes, available for 30 days

Fees / BTC spread

1 Percent

Minimum deposit

€ 0

Services & additional benefits

Live
Hotline
E-mail
Economic Calendar
E-Book
Videos

1. Trading Offer

1) Crypto Trading Offer: Trade up to Five Different Cryptocurrencies on XTB

XTB.com cryptocurrency broker is a world class exchange which offers Forex, index, commodity, ETF, equity CFD, and cryptocurrency trading. So, there are many different financial instruments that investors can choose from. This makes XTB appealing to a wide range of traders and investors who are doing a broker comparison– crypto comparison. XTB is a global, 5 star-rated broker. Investors and traders can buy and sell five different cryptocurrencies on XTB. These cryptocurrencies are: Bitcoin, Ethereum, Ripple, Dash, and Litecoin.

5
Crypto currencies
Number
50
Other currency pairs
Number

All of these cryptocurrencies are in the top 15 by overall market capitalization size. Bitcoin is the most well-known of these cryptocurrencies and occupies the top spot for overall market cap size. However, Ethereum, Ripple, Dash, and Litecoin all also have large market caps and are some of the most popular crypto investment vehicles on the market. So, with XTB.com cryptocurrency broker, you can get access to some of the hottest cryptocurrencies in the world.

If you would like to trade physical commodities in addition to cryptocurrencies, you can buy and sell all of the following commodities on XTB: gold, silver, oil, oilwti, natural gas, cocoa, coffee, sugar, corn, soybean, and wheat.

Trader Rating
XTBreview_summary_group_1_image
  • 6 asset classes and 5 different cryptocurrencies
  • 11 different commodities
  • Equity CFD trading enabled
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Risk warning: Capital can be lost. Terms and conditions apply.
2. Costs

2) Crypto Trading Costs: Learn How Much it will Cost You to Trade on XTB

The trading fees for cryptocurrencies on the XTB.com crypto exchange start at 2.50 GBP for the PRO account type. However, for the Standard account type, there XTB takes no commission on cryptocurrency trades. There is also no fee for Forex, indices, and commodities trades for the Standard version. However, for the PRO version, fees also start at 2.50 GBP. Equity ETFs and CFDs both have fees of 0.08% per lot.

1 Percent
BTC Spread
1:2
Max Lever
€ 0
Min. deposit
Market Maker
Market Model

Account setup is free for each type of account. There are over 1,500 different financial instruments that are available for investing with XTB.com. The maximum leverage for trading is 1:30. The minimum spreads range from .28 to 1.6. XTB uses a market model for trade executions. Account management is also free and negative balance protection is available.

So, the fees on XTB.com crypto are very reasonable. Depending on which type of account you choose to go with, there are even no fees for certain types of trades. If you are a high frequency trader, then this is a very significant point. However, even if you only want to make trades once in a while, it is still beneficial for you to have trades be free, or very low cost.

Trader Rating
XTBreview_summary_group_2_image
  • Crypto trading fees are free or start at 2.50 GBP depending on account type
  • Maximum leverage is 1:30
  • Minimum spreads range from .28 to 1.6
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Risk warning: Capital can be lost. Terms and conditions apply.
3. Account

3) Accounts: XTB Offers Several Different Account Options

Many people wonder is XTB.com crypto legit? Well, XTB offers two different excellent account types, Standard and Pro. The Standard account type is the cheaper and more basic of the two types and the Pro version is the more advanced version. The two different account types are very similar. However, the minimum spread for the Pro account type is .28 and the minimum spreads for the Standard account type start at .35.

Also, cryptocurrency trades do not have fees for the Standard version, but fees start at 2.50 GBP per lot for the Pro account. As per this XTB.com crypto review, if you want to use leverage, then you can do so with either type of account. The maximum leverage is 1:30. However, if you plan on trading with leverage, then you should do so with caution, because if your trades do not go well, you could end up losing a lot of money.

Both the Standard and the PRO accounts have negative balance protection and automated trading. Some people wonder is xtb.com a good broker. These features help the answer to that question be yes. Also, you can trade five different cryptocurrencies with each type of account, and you can also trade Forex, commodities, indices, ETFs, and shares with both account types.

Trader Rating
XTBreview_summary_group_3_image
  • Two account types: Standard and Pro
  • Zero fees for cryptocurrency trades with the Standard Version
  • Cryptocurrency trading fees starting at 2.50GBP for the Pro Version
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Risk warning: Capital can be lost. Terms and conditions apply.
4. Platform

4) Crypto Trading Platforms and Mobile Trading: XTB has Great Mobile Trading Options

According to this XTB.com crypto review, XTB has two different trading platforms: xStation5 and MT4.The xStation5 is good for both novice traders and experienced traders. It is an award winning platform that is very easy to use and has superior execution speeds. The xStation5 trading platform is available for desktops, smartphones, tablets, and even smartwatches. So, no matter which device you prefer, you can trade with xStation5. The xStation5 offers all of the following features: trading calculator, advanced chart trading, trader statistics, advanced technical analysis with indicators, bulk order closing, traders’ talk, market sentiment, equity screener and top movers info.

MT4
metatrader
MT5
metatrader
IOS
Android
Broker owned Software

The MT4 platform is very similar to xStation5. However, it has a simpler design and is easier to use. The MT4 platform comes with enhanced features when you open your XTB.com bitcoin trading account. This platform is also available for multiple different types of devices, including smartphones, which optimizes convenience. The MT4 platform has automatic monitoring, advanced charts and live analysis. Expert advisors are also available with the MT4 platform. Further, there is also a strategy tester feature which enables you to backtest your strategies on all market assets in order to find the trading strategy which is ideal for you.

Trader Rating
XTBreview_summary_group_4_image
  • Two trading platforms: xStation5 and MT4
  • Both platforms are high quality and are available on different types of devices
  • Both platforms have advanced charts and technical analysis
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Risk warning: Capital can be lost. Terms and conditions apply.
5. Usability

5) Usability of the Website: You will not get Frustrated Trying to Figure out How to use XTB

Usability is another important component of this XTB.Com crypto trading review. The XTB.com bitcoin trading website is extremely user-friendly. It is part of the reason why XTB is favorable in a crypto comparison with many other brokers. All of the information on the site is clearly arranged and it is easy to find your way around. The homepage of the site lays out all of the different assets traded on the site, and provides simple options to start trading them. There is also an explanation of the different trading platforms on the site on the homepage. The menu is also very sensibly structured.

The interface of the site is very clean and the white background provides a touch of elegance and clarity. When you arrive on the site, you will most likely not feel overwhelmed, but will instead feel calm and interested in exploring the different areas of the site. Legal information is easily found at the bottom of the home page. The top products for XTB are extremely easy to find on the site, and they are impossible to miss. Overall, it should be noted that the XTB site is very well laid out and structured in a way that makes it easy to use and navigate.

Trader Rating
XTBreview_summary_group_5_image
  • XTB site is very user friendly
  • The menu is sensibly structured
  • Top products are easy to locate
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Risk warning: Capital can be lost. Terms and conditions apply.
6. Support

6) Customer Support: Two Good Options For Support onXTB.com Trading Platform Review

There are several different contact options for XTB customer support. First, you can email them at [email protected] Also, you can call them at 44 2036089195. XTB customer support representatives can be reached 24/5 at this number. So, during the week, there is constant access to customer support if you need it. This is a very desirable feature. However, if you have a question on the weekend, you will not be able to get it answered. Some people would consider this to be a downside of XTB.

E-Mail
Telephone
Live-Chat
On the spot

The primary XTB office is located in Poland. However, XTB has 12 other offices around the world. So, you can call the other XTB offices for assistance too. If you live in the country where an XTB office is located then you should call that office to avoid having to pay international calling rates. If you call the help line then you can expect to have your questioned as soon as you connect and speak with a customer service person on the phone. However, email inquiries can take hours or even days to get a response. So, calling the customer service line is the fastest way to get your question answered.

Trader Rating
XTBreview_summary_group_6_image
  • XTB has two different customer service contact options
  • Calling XTB is the faster option
  • There are twelve different customer service numbers you can try
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Risk warning: Capital can be lost. Terms and conditions apply.
7. Payment

7) Methods of Payment: XTB Accepts Bank Transfers, Credit Cards, and E-Wallets

XTB has a number of options when it comes to payment methods. These options help to answer the question is XTB.com bitcoin trading legit? You can deposit money into your XTB account with bank transfer, credit card, or with a e-wallets like PayPal and Skrill. You can make deposits to XTB in all of the following currencies: EUR, USD, GBP, and HUF. XTB does not charge any fees for deposits that are made with bank transfers or credit cards. However, if you deposit money with an e-wallet such as PayPal or Skrill, you will be charged a fee that is equivalent to 2 percent of the amount that you deposit.

  • banktransfer
  • creditcard
  • paypal

For withdrawals, you just have to select the account that you wish to make a withdrawal from, and indicate the amount. A currency conversion may be required if your bank account only supports currencies that are not supported by XTB. If a currency conversion is required, it is completed by HSBC. Withdrawal processing time is usually between 1-3 business days. It is recommended that you withdraw larger amounts of money, because smaller withdrawals may have a fee attached, but larger ones usually do not. For example, USD withdrawals over $100 are free.

Trader Rating
XTBreview_summary_group_7_image
  • Deposits can be made with bank transfers, credit cards, and e-wallets
  • Bank transfer and credit card deposits are free
  • E-wallet deposits cost 2 percent of the deposit amount
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
8. Offers

8) Additional Offers: XTB Offers More than Just Great Trading Options

After you finish this review of XTB.com, if you would like to try a free demo version before you opt into a paid account, XTB provides this option. XTB also has a training academy where you can learn key information about investing and trading in various financial instruments. This academy can be extremely beneficial to anyone who is trying to learn more about investing. There is also a trading glossary and a thorough FAQ section for trading and investing topics.

E-Mail
Economic calendar
E-Book
Videos
Courses or Seminars
Demo Account

In addition to trying a free demo and using the trading academy after you finish this review of XTB.com, you can also use market analysis tools including market overviews, market news, price tables, a market screener, and a market calendar on XTB. These tools can be highly beneficial for novice traders and for experienced traders alike. So, essentially, XTB is not just a place to make trades, it is also a place where you can collect crucial information and sharpen your investing skills. This makes XTB very valuable as a website for investors, traders, and students alike.

Trader Rating
XTBreview_summary_group_8_image
  • Trading Academy and free demo trading
  • Market Analysis
  • Thorough FAQ Section
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Risk warning: Capital can be lost. Terms and conditions apply.
9. Regulation

9) Regulation and Deposit Protection: XTB is very Secure

XTB is authorized and regulated by the UK Financial Conduct Authority which is the UK’s stringent regulator. XTB is registered in both England and Wales and for the time being across the European Economic Are. XTB uses SSL encryption to protect the security of data. Also, minors are not allowed to trade on the website. Further XTB has deposit protection.

KDPW
Regulatory Authority
MIFID II
Yes
20000
Dep. Protection

So, essentially, XTB is a very legitimate exchange, and it is a good place to trade cryptocurrencies if you are interested in buying or selling assets like Bitcoin, Litecoin, and Ethereum. However, if you are under 18, then you will not be able to buy or sell cryptocurrencies on the exchange. Minors are not allowed to trade because trading is highly risky, and minors are not considered to be mature and wise enough to possess the mental capacity to handle trading. However, if you are a minor, then you just have to wait until you turn 18 before you can set up your own account.

Trader Rating
XTBreview_summary_group_9_image
  • XTB is regulated by the UK Financial Conduct Authority
  • XTB uses SSL encryption
  • XTB has deposit protection and minors cannot make trades on XTB
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
10. Awards

10) Awards: XTB Has Received a Very Prestigious Award

The xStation5 trading platform provided by XTB was named the “Best Trading Platform 2016” by Online Personal Wealth Awards. This goes a long way to prove that the xStation5 really is the best cryptocurrency broker, or at least one of the top online cryptocurrency brokers. The xStation5 is so effective as a trading platform that it is worth creating an account at XTB just to use this platform. It is suitable for beginners or more advanced traders too.

It is extremely intuitive and provides all of the tools that any trader needs to trade effectively. Having a great trading platform is essential for success if you want to make money trading cryptocurrencies and other assets. So,if you are looking for an extremely high quality trading platform, then the xStation5 from XTB could be the perfect platform for you. After all, it was not named the Best Trading Platform 2016 for nothing. XTB’s other trading platform is also extremely high quality.

Trader Rating
XTBreview_summary_group_10_image
  • XTB’s xStation5 was named the Best Trading Platform 2016
  • This award proves the excellence of XTB
  • Having an excellent trading platform like the xStation5 is key for cryptocurrency trading success
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Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion: According to this XTB.com Review, XTB is a very good exchange for cryptocurrency trading

If you are looking to trade cryptocurrencies online, then XTB is a great option for you. This is because it is extremely user friendly, has excellent trading platforms, has a trading academy, has good customer service, offers free deposits and withdrawals, and has low trading fees. If you only want to trade a handful of the most popular cryptocurrencies, then XTB could be ideal for you.

Many people wonder, is xtb.com a good broker, and there are a few downsides for XTB. One downside of XTB is that it only offers five cryptocurrencies to trade: Bitcoin, Ethereum, Ripple, Litecoin, and Dash. So, if you want to trade other cryptocurrencies besides these ones, then you will not be able to do so on XTB. Some other cryptocurrency exchanges offer dozens or even hundreds of cryptocurrencies to buy and sell. So, XTB compares very poorly to other exchanges in terms of cryptocurrency trading options. But for just the main ones, it is a great place to trade.

Because XTB offers a wide range of commodities, foreign currencies, ETFs, and other financial instruments, it is well rounded. This makes it ideal for traders and investors who want access to a wide range of markets and investment vehicles.

Strengths

  • five differenty cryptos
  • clean design
  • reasonable fees
  • Negative balance protection

Weaknesses

  • Americans and Canadians can't use it
Test result
Total

Ratings
0
Broker
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Risk warning: Capital can be lost. Terms and conditions apply.
XTB
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

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