XTB (also known as X-Trade Broker) is one of the largest CFD providers and & stock exchange-listed brokers in the world, providing access to hundreds of global markets including forex, stocks, indices, commodities, ETFs, and crypto.
XTB has been around since 2002 and has continued to provide clients with an outstanding brokerage experience, including low-cost trading, ultra-tight spreads, clients account protection, wonderful customer support service, and more.
Table of Contents
At A Glance
| Broker | X-Trade Brokers (XTB) |
|---|---|
| Established | 2002 |
| Head Office | Ogrodowa 58, 00-876 Warszawa, Poland |
| Regulations | KNF (Poland), FCA (United Kingdom), CNMV (Spain), CySEC (Europe), DFSA (UAE), and IFSC (Belize). |
| Publicly Listed | Yes |
| Broker Type | STP, ECN, DMA |
| Product Offering | CFDs, Stocks |
| Trading Platforms | xStation 5, MetaTrader 4, xStation Mobile |
| Asset Classes | Forex, Indices, Commodities, Stocks, ETFs, and Crypto. |
| Minimum Deposit | £250/ €250/ $250 |
| Account Currencies | EUR, USD, GBP, HUF. |
| Maximum Leverage | Professional – 1:500 Retail – 1:30 |
| Pricing Model | Spreads and Commissions |
| Lot Sizes | Mini, Micro, Standard. |
| Payment Methods | Bank Transfers, Credit Cards, and E-Wallets |
| Demo Account | Available |
| Scalping | Yes |
| Hedging | Yes |
| Supported Languages | Czech Republic, Turkey, America Latina, Cyprus, Arabic, Portuguese, Romania, France, United Kingdom, Thailand, United Arab Emirates, Polish, Deutsch, Portugal, Slovakia, Spanish, Chinese, and Vietnamese. |
Regulation
XTB is licensed and regulated by some of the biggest financial regulatory authorities around the world, these include;
- Financial Conduct Authority (FCA) under license number 522157. (United Kingdom)
- Cyprus Securities and Exchange Commission (CySEC) under license number 169/12 as of 2018. (Europe)
- Belize International Financial Services Commission (IFSC) under license number /60/413/TS/19.
- The Polish Financial Supervision Authority (PFSA) under license number DDM-M-4021-57-1/2005. (Poland)
- The Comisión Nacional del Mercado de Valores under license number 40. (Spain)
Account Types
XTB offers a simple account structure, with different account types tailored to suit specific trading conditions. The account types available include;
- Standard Account
- Pro Account
Customer Support
XTB offers one of the best customer support services in the trading industry with an impressively friendly customer support service. The support team is available 24/5 and can be reached via live chat, telephone, and email.
Even better, XTB offers a multilingual customer support service, ensuring their customers worldwide receive quality customer support service in their native language.
Pros & Cons
Pros
- Regulated by top-tier financial regulatory authorities around the world including FCA, KNF, CySEC, and IFSC.
- Low FX trading cost.
- Excellent customer support service.
Cons
- Non-FX fees are higher compared to the other industry-standard brokers.
- Traders from the US are not accepted.
- Does not offer guaranteed stop-loss orders (GSLO).