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With almost 20 years’ experience, XTB Review is one of the largest stock exchange-listed FX & CFD brokers in the world. We have offices in over 13 countries including UK, Poland, Germany, France and Chile. Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol XTB.
XTB has been steadily making inroads into the highly competitive and ever-changing online brokerage landscape and currently provides access to a variety of markets such as forex, shares, indices, metals, commodities and even cryptocurrencies. The company is regulated in the U.K. and registered with the Financial Conduct Authority (FCA #522157) as well as the Polish Financial Supervision Authority (KNF). Like many forex brokers, XTB does not accept U.S. traders.
XTB at a glance
|Country of regulation||UK, Poland, Cyprus, Spain, Belize, Dubai|
|Product Offered||Stock, ETF, Crypto|
|Publicly Traded (Listed)||Yes|
|Customer Support||Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.|
|Trading Platform||xStation 5, Station Mobile|
|Official Website||Click Here To Visit|
How To Create Account At XTB
To create an account at XTB, please follow these steps:
- Visit the XTB website at www.xtb.com.
- Click on the “Register” button located in the top right-hand corner of the homepage.
- You will be directed to a new page where you will need to choose the type of account you would like to open. XTB offers various account types, such as a Standard Account, Pro Account, and Islamic Account.
- Once you have selected your preferred account type, fill in the required information, including your personal details, contact information, and employment status.
- You will also need to provide your financial information, such as your annual income, net worth, and trading experience.
- Once you have filled in all the required information, review the terms and conditions and accept them.
- Click on the “Create Account” button.
- You will receive an email from XTB with instructions on how to verify your account.
- Follow the verification process, which may include providing additional documentation such as a passport or driver’s license.
- Once your account has been verified, you will be able to log in to your XTB account and start trading.
Commissions and fees
XTB offers two account types; there’s a spread-only Standard account, and a commission-based Professional account – though this option is reserved for clients who meet the definition of elected Professionals in the U.K. and Europe. Overall, pricing at XTB is in line with the industry average but trails the best brokers in this category.
Average spreads: Using data from Q3 2021, XTB average spreads on the EUR/USD stood at 0.91 (note: the commission-based pro account is being phased out and is no longer promoted).
Standard vs. Pro accounts: XTB’s Standard and Professional accounts have similar pricing when trading at higher volumes – and minimum deposits start at 250 base currency (£250, €250, or $250). For smaller amounts, however, the Standard account appears to be cheaper. My choice for retail traders would be the Standard account, especially as the Pro account is no longer available in most regions – except for certain legacy clients.
Active trader discounts: For active traders (and those in the EU who meet the definition of elective professionals), XTB will rebate a portion of the spread (from 5% to 30%) back to you when you reach certain volume thresholds, starting from 20 lots per month to as much as 1000 lots for the full 30% discount. This active trader program is known as XTB’s Lower Spread Group.
XTB Trading Platforms
Access the globe’s financial markets from your fingertips: explore new xStation mobile app and choose from over 1,500 CFD markets including FX, cryptocurrencies, indices, commodities, stocks and ETFs from around the world.
Access the globe’s financial markets from your fingertips: explore our new xStation mobile app and choose from over 5600 CFD markets including FX, cryptocurrencies, indices, commodities, stocks and ETFs from around the world.
High Grade Features Which Offer By XTB
Nowadays, technology is one of the most important elements of investing and finance. We know that, that’s why we constantly improve our trading application in accordance with the latest trends and solutions. Our ambition is to make xStation one of the most reliable and functional trading apps on the market.
Multiple Trading Platforms:
XTB offers traders the ability to trade using several advanced trading platforms such as xStation and a web-based platform, which provides a user-friendly interface, fast order execution and access to a variety of financial markets.
Range of Financial Markets
XTB provides access to a wide range of financial markets, including Forex, stocks, indices, commodities, and cryptocurrencies.
Low Spreads and Commissions
XTB offers competitive spreads and low commissions, making trading affordable for its clients.
XTB provides extensive educational resources to its clients, including webinars, seminars, eBooks, and trading courses to help traders improve their trading skills and knowledge.
Research and Analysis
XTB provides traders with market analysis and research, including daily market updates, technical and fundamental analysis, and economic calendars.
Advanced Trading Tools
XTB offers advanced trading tools to help traders make informed trading decisions, including market sentiment indicators, economic news feeds, and trading signals.
In almost two decades of activity in the financial markets, we have earned the trust of over 495,000 customers around the world. Your investments are safe with us – we are regulated by some of the world’s biggest supervision authorities: FCA, KNF, CySEC, and FSC. Moreover, we provide clients with free insurance purchased from Lloyd’s of London, one of the world’s leading providers of specialist insurance, giving coverage of up to 1 million Euro, GBP, or AUD (depending on the region). The insurance is given automatically to all XTB clients — there is no need to register.
They are here to help clients become better investors. That’s why experienced customer service team works 24 hours a day for a good 5 days a week, and extensive library of educational materials contains videos, webinars and courses suitable for both beginners and experienced investors.
Pros & Cons Of XTB
|Regulated by top-tier authorities||Limited deposit and withdrawal options|
|Competitive spreads and low commissions||No US clients accepted|
|Wide range of financial markets||Limited research and analysis tools compared to some other brokers.|
|Advanced trading tools and educational resources|
|Excellent customer support|
XTB – Customer Support
XTB is a brokerage firm that offers trading services for forex, stocks, indices, commodities, and cryptocurrencies. The company offers customer support through various channels, including phone, email, and live chat.
If you need assistance, you can contact XTB’s customer support team via phone by calling +44 2036953086. You can also send an email to [email protected], and a customer service representative will respond to your query as soon as possible.
Additionally, XTB has a live chat feature available on its website. You can access the chat function by clicking on the “Contact Us” link on the website’s footer. The live chat function is available 24/5, from Monday to Friday.
If you prefer self-service options, XTB has an extensive FAQ section on its website, covering a wide range of topics. You can access the FAQ section by clicking on the “Help” link on the website’s header.
In conclusion, XTB is a reputable and reliable online broker that offers a range of high-grade features to its clients. The broker is regulated by multiple top-tier regulatory authorities, and it offers competitive spreads and low commissions on a wide range of financial markets. In addition, XTB provides advanced trading tools and educational resources to help traders improve their trading skills and knowledge, and the broker offers excellent customer support. However, XTB does have some limitations, such as limited deposit and withdrawal options, and no US clients are accepted. Overall, XTB is a great choice for traders looking for a comprehensive trading experience.
Frequently asked questions
Is XTB a regulated broker?
Yes, XTB is regulated by multiple top-tier regulatory authorities, including the FCA, CySEC, and IFSC.
What financial markets can I trade with XTB?
XTB offers a wide range of financial markets to trade, including Forex, stocks, indices, commodities, and cryptocurrencies.
What trading platforms does XTB offer?
XTB offers several advanced trading platforms, including xStation 5, MetaTrader 4 and 5, and a web-based platform.
Does XTB offer educational resources?
Yes, XTB provides extensive educational resources, including webinars, seminars, eBooks, and trading courses to help traders improve their trading skills and knowledge.
Does XTB offer customer support?
Yes, XTB provides excellent customer support, including live chat, email, and phone support, available 24/7.