XTB was founded in 2002 and is headquartered in London. They are considered one of the top Forex and CFD brokers in the world and they have won a number of awards for their excellence in the industry. Among these accolades are Best Broker in its Class for Eastern Europe, and Best Trading Platform.

XTB has offices in 14 countries around the world and is regulated by some of the strictest regulatory bodies in the industry including UK’s FCA, and Germany’s BaFin. They are a multi asset broker offering a wide range of products.

Their direct Interbank ECN/STP pricing model ensures that traders can enjoy the most competitive dealing spreads around. In addition, their award winning professional grade XStation 5 trading platform is highly regarded by both beginning and experienced traders alike

Regulation

XTB is one of the largest publicly owned foreign exchange brokers in all of Europe. They are based in London, England and are regulated by UK’s Financial Conduct Authority (FCA), Germany’s BaFin, Poland’s KNF, along with others. XTB is one of the more established forex brokers in the industry with over 15 years of operating experience. They have emerged as a well-respected, highly ethical firm which adheres to all regulations required of them.

Safety

XTB keeps its client funds segregated from its own internal operating account as required by FCA’s rules and regulations. Client funds are held in Tier 1 banks for maximum safety. As a FCA regulated broker, they are required to provide periodic proof of meeting certain minimum financial requirements in order to maintain their business license.

In addition, regulation by UK’s FCA ensures that traders funds are protected under the Financial Service Compensation Schedule (FSCS). Under this law, account holders can claim compensation up to £50,000 in the unlikely event that XTB becomes insolvent. This should give account holders peace of mind that their money is safe and secure at all times with a broker like XTB.

Trading Platforms

XTB offers two types of trading platforms. The industry standard Metatrader and their proprietary XStation 5 platform.

Metatrader – The Metatrader 4 platform needs no introduction. Most traders are familiar with its capabilities including extensive charting features, a large collection of technical indicators and studies, and the ability to automate trading strategies. In addition to the standard Windows and Mac versions of MT4,  XTB also offers their account holders a web based version of the MT4 platform which is a unique aspect not available with most other brokers.

XStation 5 –  XStation 5 is available for Desktop, Web, and Mobile. This a new generation, lightweight ultra-fast trading platform. The platform boosts speedy executions which average about 80 milliseconds. The XStation5 is an intuitive platform with a very clean, modern design that is easy to navigate. The platform comes equipped with dozens of indicators and drawing tools.  Traders can access advanced charting features including Elliott Waves, Fibonacci studies and more.

There are additional tabs that include market sentiment, heat maps, and an instrument screener.  Other features include market depth and a squawk box wherein traders are able to listen to the market live during the trading session. Advanced Trade management features are available for setting stop losses and profit targets.

Trading Instruments

XTB is a multi-asset broker with a wide range of global financial instruments available. Traders can choose from over 50 forex pairs including all majors and most minors and exotics – 20 Stock Indices including UK100, DE30, US30, US500, EU50 and more – 1500 share CFDs – 20 commodities including Gold, Silver, Oil, and Natural Gas – over 55 ETFs – and they even offer major cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, and Dash. Traders currently trading or interested in trading many different asset classes will find XTB to be a great choice for them.

Account Types

XTB has three different types of trading accounts to choose from. They include the Basic Account, Standard Account, and Pro Account.

Basic Account

•       Minimum Deposit is $ 250
•       Instant Trade Execution
•       Fixed Spread Model
•       Minimum Spread 2.0 pips
•       Guaranteed Stop Loss
•       200:1 Max Leverage
•       Personal Account Manager

Standard Account

•       Minimum Deposit is $ 250
•       Market Execution
•       Variable Spread Model
•       Minimum Spread  0.35 pips
•       200:1 Max Leverage
•       Automated Trading
•       Personal Account Manager

Pro Account

•       Minimum Deposit is $ 250
•       Market Execution
•       Market Spread Model          
•       Minimum Spread 0.28 pips
•       200:1 Max Leverage
•       Automated Trading
•       Personal Account Manager

Learn more about opening an account with XTB – Go Here

Commissions and Spreads

XTB offers both fixed and floating spreads depending on the type of account chosen by the trader. Fixed spreads are available in the Basic account, and floating spreads are available with the Standard and Pro accounts.  The minimum spread for the EUR/USD pair in the Basic account is 2 pips, in the standard account it’s 0.35 pips and, in the Pro account is a very tight 0.28 pips.  Dealing spreads are extremely competitive for the Pro accounts at XTB as they utilize an ECN/STP model.

There is no commission charged on the Basic and Standard accounts, while the commission for the Pro account is 3.5 EUR / lot traded. An added benefit at XTB is their cash back rebate program, wherein traders can receive a portion of the spread back when they meet certain volume thresholds. Their rebate program allows traders to earn back upto 1.80 EUR / lot traded. This acts to further reduce the already razor thin trading costs that the broker offers.

Customer Support

Customer support is available at XTB via Phone, Live Chat, and Email. Clients can contact XTB 24 hours a day, 5 days a week Monday – Friday. You can access the telephone number to their UK office or get local numbers in 11 other counties. Traders will be connected directly to the trading desk or to another customer service representative that can best answer your questions.

Bonus and Promotions

XTB has two different types of bonus programs that they offer. The first is the Cashback Rebate Program, and the second is the Refer a Friend program.

Cashback Rebate Program –  Traders get rewarded for simply placing trades within their account, and the more active you are, the more you can earn. The amount of the rebate is determined based on the trader’s monthly volume, but in general, traders have the opportunity to earn 1.80 EUR / lot traded.  The rebate funds are deposited directly into your trading account, and you can use that for additional trades or make a withdrawal.  Unlike some other brokers, the rebate can be used in any way the trader deems appropriate.

Refer a Friend – XTB’s Refer a Friend bonus is one of the most generous in the industry. If a trader refers a friend, who signs up for a real account and makes a minimum amount of trades, they are eligible to receive upto £ 600 for themselves and upto £ 600 for their friend. The bonuses are applied directly to the trading account.

Click Here for more details on XTB Bonus and Promotions.

Mobile

XTB traders can access either the Metatrader or XStation trading platform via their mobile devices. Many of the features available on the desktop and web version is accessible on mobile as well.

The proprietary XStation mobile platform is extremely user friendly and simplistic in design. It has many features and is highly functional. You can view charts in both portrait and landscape view and incorporate various drawing tools and indictors on the chart in a very efficient manner.

Placing and managing trades can be quickly done within the mobile platform with just a few touches. One unique aspect of XStation mobile is the ability to communicate and chat with a member of the XTB support staff directly from your mobile device.

Automated Trading

Automated trading is available with the Metatrader 4 trading platform, which offers a rich set of features for backtesting, optimization and implementation of automated strategies via the use of Expert Advisors.

Deposits and Withdrawals

XTB offers three different types of Live Accounts. The minimum deposit amount to open an account with XTB is 250 ( USD, EUR or GBP) for each of the three account types. Deposits can be made via bank wire transfer, most major credit cards such as Visa, MasterCard, and Maestro and thru third party payment processors including PayPal, Skrill, and Neteller. 

Depositing funds into your account is simple and straightforward. Log in to your dashboard, Go to Deposits, choose the trading account, and select from the preferred payment options.

Withdrawals requests can be also be requested from within the dashboard. Withdrawals will be processed the same day in case of British Pounds, and usually next day for Euros. Withdrawal requests in other currencies will typically take 3 working days to process.

Unique Features

With the ECN/STP broker model that XTB offers its Standard and Pro accounts, traders can enjoy some of the tightest dealing spreads around. In addition, due to the fast execution that XTB prides itself on, order slippage is minimal.

XTB offers a Cash Back Rebate program that allows trades to earn upto 1.80 EUR per lot traded. When you consider this with the extremely tight dealing spreads that XTB offers on both the Standard and Pro accounts, it is likely that the all-in cost of trading at XTB is one of the lowest in the industry. It’s not doubt that XTB is the preferred choice of broker among many professional traders.

XTB is regulated by FCA, BaFin, CMB, and KNF. Traders can rest assured that they are putting their money safely with one of the most well respected and trusted brokers in the business.

Pros and Cons

Pros – Reasons to trade with XTB

• Ultra-Tight Spreads
• Cash Back Rebates
• Excellent Trading Platform
• Well Regulated – UK Based
• Ultra-Fast Execution
• Option for STP Account
• Wide Range of Instruments
• Low Minimum Deposit
• 50+ Currency Pairs

Cons – Some downsides with XTB

• Social Trading Not Available
• Only 5 days/week Customer Support

FAQs

Is XTB a regulated broker?

Yes, XTB is regulated by UK’s FCA, Germany’s BaFin, Poland’s KNF, along with others.

How safe is XTB?

XTB has been in business for almost 15 years and is held in high regard within the industry. Traders at XTB can rest assured that their funds are held safely in segregated accounts at Tier 1 banks.

What trading platforms does XTB offer?

XTB offers two main trading platforms – Metatrader 4, and their proprietary XStation 5 platform.

What Trading Instruments are available at XTB?

You can trade over 50 currency pairs, 20 Stock Indices, 1500 CFDs, Energies, Commodities, ETFs, and 5 cryptocurrencies including Bitcoin.

What is the Commission / Spread structure at XTB?

XTB offers both fixed and variable spreads. There is no commission on the Basic or Standard account. The Pro account offers the tightest spreads with a STP model. The commission charged on the Pro account is $ 3.5 EUR / lot traded.

How many account types does XTB have?

You can choose a Demo account or Live Account. For Live Accounts, there are 3 primary account types – the Basic account, the Standard account, the Pro account. The minimum deposit is $ 250 on any of these accounts.

How is customer support at XTB ?

Customer support is available 24/5 via phone, live chat and email.

What bonus does XTB offer?

XTB offers a Cash Back Rebate Program which allows traders to get rewarded for simply placing trades within their account. Traders have the opportunity to earn up to 1.80 EUR / lot traded.

Does XTB offer Mobile trading?

Yes, Mobile trading is available via the Metatrader 4 app and XStation mobile.

What options are there for Automated trading at XTB?

Automated trading is available thru the MT4 platform.

What are some unique features at XTB?

XTB offers some of the tightest spreads around coupled with speedy execution. Their Cash Back Rebate program allows traders to further reduce their trading costs by earning up to 1.80 EUR per lot traded.

What’s the minimum deposit to open a Live account at XTB?

The minimum deposit to open a Live account is $ 250.

What is XTB’s max leverage?

Max leverage at XTB is 200:1