With years of experience and a range of innovative features, XTB has become a leading player in the online trading industry. But what makes this broker stand out from the competition? In this XTB review, we’ll dive into the details and examine everything you need to know about this popular platform.
Table of Contents
XTB Broker Overview
XTB is a highly reputable online broker and one of the world’s largest stock-exchange-listed forex and CFDs providers. It was established in 2002 and is owned and operated by XXZW Investment Group SA. XTB offers a wide range of global markets, including forex, commodities, indices, stock, and ETFs, with over 4500+ instruments to trade.
XTB is an outstanding option for traders of all experience levels who seek a reliable broker with a simple structured approach and competitive trading conditions. The broker’s user-friendly trading platform is easy to navigate, providing traders with a seamless trading experience. The platform features advanced trading tools, customizable interfaces, and several order types, empowering traders to make informed trading decisions. That being said, XTB does not offer third-party trading platforms.
XTB also offers clients access to a range of educational resources, including webinars, video tutorials, trading guides, and market analysis. These resources are designed to help traders improve their trading skills and knowledge and stay up-to-date with the latest market trends and news. Additionally, XTB provides excellent customer support services, with a team of knowledgeable and friendly representatives available to assist clients 24/5 via live chat, phone, and email.
XTB Broker Features
| XTB Broker Features | Specifications |
|---|---|
| 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, xStation Mobile |
| Asset Classes | Forex, Indices, Commodities, Stocks, ETFs, and Crypto. |
| Minimum Deposit | $250 (or currency equivalent) |
| Payment Options | Bank Wire Transfer, Credit/Debit Cards, Paypal, Skrill, Neteller, PaySafe, SafetyPay, Paydoo, PayU, ECOMMPAY, BlueCash, Blik, Sofort |
| Account Currencies | USD, EUR, GBP, HUF, and PLN. |
| Maximum Leverage | 1:500 EU/UK – 1:30 |
| Pricing Model | Spreads and Commissions |
| Lot Sizes | Mini, Micro, Standard. |
| Demo Account | Available | Open Demo Account |
Pros of XTB
- XTB is regulated by multiple top-tier regulatory bodies across the world.
- Offers beginner-friendly brokerage solutions.
- Easy account registration process.
- Provides access to a wide range of financial instruments to trade.
- Offers a user-friendly proprietary trading platform.
- Competitive pricing with no hidden fees.
- Low forex trading cost.
- Offers cashback rebates which help traders cut the trading cost.
- Good customer support service.
- Provides clients with an extensive library of educational materials including market analysis, videos, webinars, and courses suitable for both beginners.
Cons of XTB
- XTB does not offer third-party trading platforms.
- Charges an inactivity fee of 10 EUR (or equivalent in GBP, USD) per month after 1 year of account inactivity.
- Limited research and analysis tools and resources compared to some other brokers
- Does not accept U.S. Clients
Regulation
XTB is a global online brokerage firm that is regulated by various regulatory bodies around the world, including:
- The Financial Conduct Authority (FCA) in the United Kingdom
- The Polish Financial Supervision Authority (KNF) in Poland
- The Cyprus Securities and Exchange Commission (CySEC) in Europe
- The Dubai Financial Services Authority (DFSA) in the UAE
- The International Financial Services Commission (IFSC) in Belize
- The Comisión Nacional del Mercado de Valores (CNMV) in Spain
These regulatory bodies are accountable for monitoring and controlling XTB’s financial operations, ensuring that the company complies with rigorous regulatory requirements, including segregating client funds, maintaining transparent pricing and trading terms, and establishing risk management protocols.
FAQs
Who is XTB regulated by?
XTB is regulated by various top-tier financial regulatory bodies around the world, including the Financial Conduct Authority (FCA) in the United Kingdom, the Polish Financial Supervision Authority (KNF) in Poland, the Cyprus Securities and Exchange Commission (CySEC) in Europe, Dubai Financial Services Authority (DFSA) in the UAE, the International Financial Services Commission (IFSC) in Belize and the Comisión Nacional del Mercado de Valores (CNMV) in Spain.
These regulatory bodies are responsible for overseeing and regulating XTB's financial activities and ensuring that the company adheres to strict regulatory standards, such as maintaining client funds in segregated accounts, providing transparent pricing and trading conditions, and implementing risk management measures.Is XTB regulated in the USA?
No, XTB is not regulated in the United States and does not offer services to residents from the country.
What trading platforms does XTB offer?
XTB offers one primary trading platform, its proprietary platform called xStation 5. This platform is available in web, desktop, and mobile versions, making it accessible to traders across various devices.