XTB Guide – Read our In-Depth XTB Review
This XTB review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this XTB review does not apply to US users.
If you're a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll acquire adept at all the concepts of broker as you continue trading. For starters, you have to choose the right broker who will be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan will generate hefty returns. XTB is one such platform that will take you and your investment into great heights. It is crucial to know all about XTB before you trust them with your money.
Our full XTB Review covers all you will need to know about trading using XTB. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It is a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
XTB is a broker that has found its way successfully to the broker world. In this review, we have attempted to collate some of the important aspects of XTB. This review will allow you to know whether XTB is a good match for your investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
XTB Review, Table Of Contents
- Who are XTB?
- Benefits Of Trading With XTB
- Everything you should know about trading with XTB
- Is XTB Safe To Trade With?
- Pro's & Con's Of Trading With XTB?
- Compare Brokers Similar To XTB
- Regulation And Licencing In More Detail
- XTB Awards
- Minimum Deposit Required For A Live Account With XTB
- XTB Commission And Fees Explained
- Compare broker fees against XTB
- XTB Withdrawal Fees Explained
- XTB Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With XTB?
- Alternatives To XTB
- Frequently Asked Questions About XTB
Who are XTB?
XTB is a forex broker headquartered in Poland and provides a variety of instruments for online trading. Since its establishment in 2002, XTB has emerged as a top-tier player in the industry of online brokerage. XTB has an extremely aggressive and full-featured trading site that is focused on currency, indices, metals, stocks and commodities.
Over the past 19 years, XTB has grown into one of the leading online brokers.
After establishing in 2002, their customer base has become as large as 250,000+ clients.
XTB is the favorite of many dealers because of its negative balance protection. Our XTB review found that they are an excellent alternative for automated trading solutions. It's best suited for investors that are searching for a variety of assets. Social and automated trading options are the core at XTB.
Technology plays a significant role at XTB. XTB offers trading on MT4, Mirror Trader, Web Trader, Tablet & Mobile apps. XTB is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational section at XTB is quite enlightening for new dealers as it allows them to have a closer look at the financial markets. XTB caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
Who Founded XTB?
The founders of XTB are Jakub Zab?ocki
The founders of XTB are known for their experience in the sphere of internet trading. However, there are a lot of other key people at XTB who have a significant impact on it's success.
If you feel that XTB is not right for you then at the bottom of this XTB review you wil find a lot of alternatives to XTB.
What you ought to know about trading with XTB
XTB is a lively platform that offers various procedures of trading online. These tools cover the financial markets considerably. The Majority of the brokerage platforms offer less methods than XTB
If you would like to exchange with XTB, you'll require a minimum deposit of $0. This deposit is mandatory if you want to begin trading using XTB. This 2021 XTB review will guide you easily about trading with them.
XTB is as flexible as another brokerage platform. XTB is excellent for traders who want a manageable range of cheap services. The programs provided by XTB are third party, white-label offerings. All traders can choose out of MT4, Mirror Trader, Web Trader, Tablet & Mobile apps.
Together with everything, XTB has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept available. The agents provide premium client service which rewards clients with advantages.
Many less reputable brokers attempt to pressurise users into bigger funding for premium services. XTB, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater advantages will come along.
XTB accounts are available globally and provides excellent service everywhere they have clients. There are some select few countries where XTB accounts are not available. Traders in the following countries cannot open or use a XTB account:
Is XTB Safe To Trade With?
Established in 2002, XTB has been operating for 19 years, they are headquarted in Poland.
XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego. These figures have rules that mandate that trading platforms have ploicies in place to maintain investor's resources secured. This means that XTB users do not need to worry about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's private information as well.
You are able to make use of a choice for 2 Factor Authentications (2FA) with XTB for increased safety. An SMS for the confirmation code will be sent to your mobile phone. You will be asked to input this code to log into your account.
Another concern with fiscal brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for users on those platforms. However, this is much more widespread in the example of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With XTB
Every online trading platform will have a few ups and downs, and no XTB review would be complete without showing both sides. This XTB review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- XTB is trusted by 250,000+ clients
- XTB offers Negative Balance Protection
- XTB doesn't charge inactivity fees
- XTB doesn't charge deposit fees
- XTB offer trading on MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
- XTB offer 1,500 trading instruments
- XTB trades major forex pairs
- XTB trades minor forex pairs
- XTB trades exotic forex pairs
- XTB offers trading on cryptocurrencies
- XTB can communicate in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
- XTB does not offer Guaranteed Stop Loss
- XTB charge withdrawal fees
- XTB charge CFD fees
XTB Review - Compare Brokers Similar To XTB
|XTB||Commonwealth Securities||Trade Zero||Baker Young Stockbrokers|
|Regulated By||Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego||Cyprus Securities and Exchange Commission (CySEC)||Securities Commission of the Bahamas (SCB)||Unregulated|
|Find Out More|
|Risk Warning||79% 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.||Your capital is at risk||Your capital is at risk||Your capital is at risk|
XTB Review - Regulation And Licencing In More Detail
XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
XTB, as a business, has a powerful collection of rules for ensuring honest trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
XTB Review - Awards
- In 2019 XTB was awarded Best CFD Broker for 2019.
XTB Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on XTB is $0. This is a decent amount for those just starting out. It's possible to make more advanced residue as you cooperate. But, make certain you understand how to make the most of your money before investing larger sums.
XTB Review - Commission And Fees Explained
XTB is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the amount of customers they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three types of fees for this objective.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're spending a spread, financing speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, XTB does not charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees billed by XTB are comparatively competitive. As a result, you are charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This XTB review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against XTB
|XTB||Commonwealth Securities||Trade Zero||Baker Young Stockbrokers|
XTB Review - Withdrawal Fees Explained
XTB charges a withdrawal fee if you create a bank transfer. Every time you move money into your bank account, these withdrawal charges become applicable.
Withdrawal of money is possible at any moment from your XTB account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash is going to be sent into the card. XTB will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to withdraw in.
XTB Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your head while open an account with XTB. An inactivity fee is an amount charged to registered traders that have not participated in buying or selling for a while. The period regarded as inactive is decided by the agent.
The inactivity fee differs from 1 broker to another and isn't standardized. If a dealers account does not have a purchasing or selling transaction, it is maintained by the agent as an inactivity charge. The traders need to pay this commission under conditions and terms they had consented while registering.
XTB doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees are implied by XTB, it is best for you to close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to many conditions and needs to be disclosed clearly by the broker beforehand.
XTB Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this particular operation.
XTB doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the XTB trading platform is simple. You simply have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit large sums.
XTB Review - Compare Broker Deposit Methods
|XTB||Commonwealth Securities||Trade Zero||Baker Young Stockbrokers|
What Can You trade With XTB?
Note: XTB offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different based on the country of residence of the client.
XTB has a wide variety of over 1,500 instruments available for you to trade with.
If trading currency pairs is of interest to you then XTB offer over 50 currency pairs.
Compare XTB, Commonwealth Securities, Trade Zero & Baker Young Stockbrokers below.
Alternatives To XTB
If, after studying this XTB review, XTB does not meet your requirements check out these XTB alternatives.
We have scoured the web to find the best alternatives to XTB. Click the hyperlinks below to find out more.
Frequently Asked Questions about XTB
Can I try XTB before I buy?
Yes, you can most definitely try XTB before you buy. XTB offers demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account on XTB, you will set out using a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you decide to invest your own money.
With this digital XTBdemo account, you can experiment at all, to whatever period you wish. You can even start positions, examine different trading strategies, and much more.
XTB specifies on its official site which you can trade real time stocks in a demo account.
Is XTB safe?
It is possible to drop all of your worries since we believe that XTB is perfectly safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
Even so, XTB doesn't provide assured stop-loss protection.
Why does XTB ask for my passport?
The reason that XTB asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, XTB has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, XTB must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with XTB?
The process to start trading withXTB is perhaps simple enough to be a cakewalk. You need to begin by signing up on the XTB website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with XTB is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with XTB.
The best way to kickstart your trading career with XTB is to open a demo account facility before risking any real money
What funding methods do XTB accept?
There are a number of methods to finance your account with XTB. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal is not available in all place. The currencies XTB
Is my money safe with XTB?
Yes, your money is safe and secure with XTB. As you already know, XTB works with good conformation to. It's established plenty of steps to guard all of its investors.
XTB safeguards its clients' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation that you access your accounts.
Is XTB trading good?
Yes, trading via XTB is a pleasant and good experience indeed. It's a great and intuitive platform with helpful features for your simplicity. In addition, you could also gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does XTB support?
XTB operates around the world. However, due to regulations there are some countries that XTB does not accept clients from
Is XTB legit?
XTB is a legit company headquarted in Poland since 2002. They are regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego. XTB is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is XTB a good broker?
XTB is a great broker, and its own users can vouch for it. The highlight of the platform is its quick order execution on trades.
You'll find the clean design of the platform along with the admirable features that a pleasure to work with.
Is XTB a trustworthy broker?
Yes, XTB is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 250,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for XTB?
The minimum deposit to open a live account with XTB is $0
How long do XTB withdrawals take?
Normally, withdrawal of money from XTB is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from XTB to show in your bank account.
Are XTB regulated?
XTB are regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Is XTB a market leading broker?
XTB is indisputably one of the business leaders. It has over 250,000+ registered users and over 19 years of expertise on its record. They are one of the world's top trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide range of resources plus tools so you can invest in capital markets.
Is XTB a con?
No, XTB is not a con. They are regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego and must adhere to their rules. Thus, it is safe to say that XTB is not a scam.
Can you make money with XTB?
Through XTB, many traders make a lot of cash. But on average, through continual trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a significant amount of gains. While XTB supply you all of the tools to earn money, they cannot guarantee you will profit.
Does XTB have fees?
Yes. To begin trading with XTB, you have to deposit $0. Particular commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.
When was XTB founded?
XTB was founded in 2002 in Poland. XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
How many people use XTB?
XTB is a globally recognised agent with 250,000+ clients.
Where is the XTB head office?
XTB has its head office in Poland
Does XTB offer negative balance protection?
Yes, XTB has Negative Balance Protection. It's specially offered while the industry volatility keeps customers from allowing their account go into the red. In a situation like this, XTB offers the ability to reset a clients account balance to zero.
You should go through the important terms and conditions on XTB's site to understand their policies.
Does XTB offer guaranteed stop loss?XTB regrettably, doesn't offer guaranteed stop loss. XTB provides an opportunity to its dealers to close their trade at their given price. Apart from that, XTB does not offer guaranteed stop loss.
Does XTB allow scalping?Yes, XTB do allow scalping. Several traders throughout the world choose XTB for their services that are trading. They offer trading on MT4, Mirror Trader, Web Trader, Tablet & Mobile apps which let this.
Does XTB allow hedging?
Yes, XTB does allow hedging.
Can you trade energies with XTB?
Yes, you can trade energy stocks with XTB
Can you trade agricultural shares with XTB?
Yes, you can trade agricultural stocks with XTB
Can you trade cryptocurrency with XTB?
Yes, you can trade cryptocurrency with XTB
Can you trade metals with XTB?
Yes, you can trade metals with XTB
Can you trade UK Shares with XTB?
Yes, you can trade UK shares with XTB
Can you trade US Shares with XTB?
Yes, you can trade US shares with XTB
Can you trade Japanese Shares with XTB?
Yes, you can trade Japanese shares with XTB
Can you trade German Shares with XTB?
Yes, you can trade German shares with XTB
Does XTB accept bank transfers?
Yes, XTB accepts bank transfers for depositing money.
Does XTB accept credit cards?
Yes, XTB accepts credit cards for depositing money.
Does XTB accept PayPal?
Yes, XTB accepts PayPal for depositing money.
Does XTB accept Skrill?
Yes, XTB accepts Skrill for depositing money.
Does XTB accept Payoneer?
Yes, XTB accepts Payoneer for depositing money.
Does XTB accept Neteller?
Yes, XTB accepts Neteller for depositing money.
Does XTB offer Live Chat customer support?
Yes, XTB offers customer support through live chat.
Does XTB offer phone customer support?
Yes, XTB offers customer support over the telephone.
Does XTB offer email customer support?
Yes, XTB offers customer support through email.
What languages can XTB communicate in?
XTB has the ability to communicate and support customers who speak: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Does XTB have a wikipedia page?
No, XTB does not have an official wikipedia page.
Does XTB offer demo accounts?
Yes, XTB offers demo accounts so you can learn their systems before risking any real money.