XTB Review 2024: Features, Cost & Alternatives
Reviewed by Randolph Vialva, MBA
The article is checked by our editorial team, Which includes entrepreneurs who are painfully aware of how overwhelming and challenging it is to start a business for the first time.
All products recommended by Bizreport are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
XTB is a global financial services provider that offers online trading in various asset classes, including forex, stocks, commodities, and cryptocurrencies, with competitive pricing and advanced tools.
Pros
- Advanced platform with customizable layouts and powerful charting and analysis tools.
- Competitive pricing with low spreads and commissions.
- Educational resources, including webinars and trading guides, to help users learn and improve their trading skills.
Cons
- Limited Deposit and withdrawal money Options
- No Crypto Wallets
- Fees
XTB has several great features including balance protection to limit the risk of losing more than the account balance and a wide range of tradable assets, including forex, stocks, commodities, and cryptocurrencies. They offer an Islamic account for those that need these stipulations. For cost-conscious clients wishing for overnight financing costs, a market analysis tab, and automated trading capabilities, XTB Europe may be a good choice.
XTB is a Polish company that is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol XTB. The company was founded in 2002 and has since become one of the largest online forex and CFD markets in Europe, offering trading services in a variety of financial instruments to clients in over 150 countries. XTB broker offers fundamental and technical analysis, trading, and investment opportunities in various asset classes, including forex, stocks, commodities, and cryptocurrencies, through its advanced platform and competitive pricing. The company also provides educational resources and market analysis to help users make informed investment decisions.
No one likes it when financial accounts lose money. XTB is a global financial services provider that offers trading in various asset classes, including forex, stocks, commodities, and cryptocurrencies. Headquartered in Warsaw, Poland, XTB has been operating since 2002 and has expanded to have a presence in several countries across Europe, South America, and Asia.
One of the key features of XTB is its advanced platform, which provides users with customizable layouts, powerful charting and analysis tools, and a wide range of order types to suit different trading strategies. The platform is user-friendly and intuitive, making it easy for traders of all levels to use.
However, there are some potential drawbacks to using XTB. For example, the deposit and withdrawal options are somewhat limited, and the company charges an inactivity charge if an account is not used for a certain period of time. Additionally, XTB does not provide cryptocurrency wallets, so users cannot withdraw cryptocurrencies to their own wallets.
In addition to its platform, XTB also provides competitive pricing, with low spreads and commissions, as well as transparent pricing on forex trades. The company also offers balance protection to limit the risk of losing more than the account balance, which can be a reassuring feature for traders.
XTB provides a range of educational resources, including webinars, tutorials, and trading guides, to help users learn and improve their trading skills. The company also provides market analysis and research to keep users informed about the latest market trends and news.
However, there are some potential drawbacks to using XTB. For example, the deposit and withdrawal options are somewhat limited, and the company charges an inactivity charge if an account is not used for a certain period of time. Additionally, XTB does not provide cryptocurrency wallets, so users cannot withdraw cryptocurrencies to their own wallets.
The best forex broker is a financial services firm that provides traders with access to the foreign exchange market. XTB is a reputable financial services provider that offers a wide range of trading opportunities and educational resources for traders of all levels.
XTB Advantages
In addition to its platform, XTB also provides competitive pricing, with low spreads and commissions, as well as transparent pricing on forex trades. The company also offers balance protection to limit the risk of losing more than the account balance, which can be a reassuring feature for traders.
XTB provides a range of educational resources, including webinars, tutorials, and trading guides, to help users learn and improve their trading skills. The company also provides market analysis and research to keep users informed about the latest market news.
A Variety of Markets
XTB is available in several countries across Europe, South America, and Asia. Some of the countries where XTB has a presence include the United Kingdom, Germany, Poland, Spain, Portugal, France, Turkey, Chile, Colombia, and the Philippines. However, XTB’s availability may be subject to regulatory restrictions in some countries. It’s recommended to check with XTB or your local regulatory authorities to confirm whether XTB is available in your country.
Low Fees
XTB offers competitive pricing with low fees, particularly in comparison to many other online brokers. XTB charges relatively low spreads and commissions on trades, making it an attractive option for traders looking to keep their costs low. The company also provides transparent pricing on forex trades and offers a range of account types to suit different trading needs. Additionally, XTB does not charge any deposit or withdrawal fees, which can save users money on transaction costs. However, as with any broker, it’s important to carefully review and understand the fee structure before opening an account, as some fees may apply in certain circumstances or for certain account types.
Protect Client Accounts
XTB has a range of measures in place to protect client accounts and provide a secure trading environment. One of the key measures is balance protection, which ensures that clients can never lose more than the balance in their accounts. This means that if a client’s account balance becomes negative due to market volatility or other factors, XTB will cover the negative balance to prevent the client from losing more than their initial investment.
In addition to balance protection, XTB also uses advanced encryption technology to secure its trading platform and protect client data. The company also maintains strict segregation of client funds, meaning that client funds are kept separate from the company’s own funds and cannot be used for any other purpose. This helps to protect client funds in the event of any financial difficulties faced by the company.
Furthermore, XTB is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF), which helps to ensure that the company operates in compliance with strict regulatory requirements and provides a high level of protection to clients.
Overall, XTB’s range of protective measures, including negative balance protection, secure encryption technology, strict segregation of client funds, and regulation by financial authorities, help to provide clients with a safe and secure trading environment.
Mobile Trading
XTB offers mobile trading through its trading platform, xStation, which is available as a mobile app for both iOS and Android devices. The mobile app provides users with access to the same trading features and tools as the desktop version of the platform, including customizable charts, a variety of order types, and real-time market data. The mobile app also allows users to monitor their accounts, view their trading history, and manage their positions on the go.
Overall, XTB’s mobile trading app offers a convenient way for users to access the markets and manage their trades from anywhere, at any time. Whether you’re on the go or simply prefer to trade from your mobile device, XTB’s mobile trading app is a great option for traders looking for flexibility and convenience.
Platforms Provided
XTB is available across multiple platforms, making it accessible to a wide range of traders with different preferences and needs. XTB’s main trading platform is xStation, which is available as a web-based platform, a desktop platform, and a mobile app for iOS and Android devices. The web-based platform can be accessed from any browser and requires no download or installation, while the desktop platform offers more advanced features and can be downloaded to a Windows or Mac computer.
xStation
The xStation mobile app is designed to be user-friendly and intuitive, with a clean and modern interface that is easy to navigate. Users can log in to the app using their XTB account details and can switch seamlessly between the desktop and mobile versions of the platform.
Meta Trader 4 (MT4)
In addition to xStation, XTB also offers MetaTrader 4 (MT4), which is a popular trading platform used by many retail traders around the world. MT4 is available as a desktop platform, a web-based platform, and a mobile app for iOS and Android devices, giving users a variety of options for accessing the platform.
Demo Account
XTB offers a demo platform for users who want to practice trading in a risk-free environment before opening a live account. The XTB demo platform is a virtual trading environment that simulates real market conditions, allowing users to practice their trading skills and strategies without risking any real money.
The demo platform is available for all XTB trading platforms, including xStation and MetaTrader 4 (MT4), and offers access to a range of instruments and tools. Users can open and close trades, manage their positions, and access real-time market data to help them make informed trading decisions. The demo platform also provides access to educational resources and tutorials to help users learn more about trading and improve their skills.
XTB Trading Platform Packages
| Standard | Professionals | |
| Trading Fees | 70$ | Included |
| Withdrawal Fees |  | |
| Inactive Fees | | |
| Non-Trading Fees |  | |
| Minimum Deposit | | |
| Leverage | | |
| Min order | | |
| Spread | | |
| Account Currency | Multiple | Multiple |
| Margin Call / Stop Out | | |
XTB Standard Plan
XTB’s standard plan is a trading account option that is available to all users. It offers competitive spreads and commissions, no requotes, and access to a wide range of instruments, including forex, stocks, commodities, and indices. The standard plan also provides users with access to XTB’s platforms and educational resources.
XTB Professional Plan
XTB’s professional plan is designed for experienced traders who meet certain eligibility criteria, such as having a certain level of trading activity or professional experience in the financial sector. The professional plan offers additional benefits, such as lower spreads and commissions, higher leverage, and access to premium trading features and tools.
XTB Online Trading Quick Overview
Best Overall Value
- Advanced x trade brokers with customizable layouts and powerful charting and analysis tools.
- Competitive pricing with low spreads and commissions.
- Educational resources, including webinars and trading guides, to help users learn and improve their trading skills.
XTB Customer Reviews
The platform itself is good, but support service is terrible, my experience was with XTB S.A. in Poland, they reply once a day with formal responses so any problem you have requires 4-6 emails (so more than a week of chatting with them) to finally receive an answer. Don’t recommend the service.
Nikita
The best experience !! You can learn and understand about trade, thanks for Pablo Gil, he is the best!!!
Alejo
The XTB app makes my experience great but above this is the opportunity XTB has given me Olufehintimi Titus to deposit money in my XTB account via Skrill.
Titus
XTB Review
Review of XTB
| Overall Pricing and Value | 91.25%
| 91.25% |
| Cost Value | 90%
| 90% |
| Customer Support | 95%
| 95% |
| Ease of Use | 90%
| 90% |
| Included Features | 90%
| 90% |
XTB’s range of protective measures, including negative balance protection, secure encryption technology, strict segregation of client funds, and regulation by financial authorities, help to provide clients with a safe and secure trading environment.
Is This Brand Right For You?
XTB is a good fit for a variety of traders, including those who are just starting out as well as experienced traders. The broker offers a range of trade brokers and account types, giving traders the flexibility to choose the options that best suit their needs and preferences.
Cost Value
XTB is known for its competitive pricing and offers a good cost-value proposition for traders. The broker offers two types of retail investor accounts: the standard account and the pro account. The standard account offers floating spreads starting from 0.35 pips for major currency pairs, while the pro account offers even lower spreads starting from 0.1 pips for major currency pairs. Both account types charge a commission on trades, with the commission ranging from $3.50 to $7.00 per lot.
Customer Service
XTB is known for its excellent customer service, with a team of knowledgeable and responsive support staff that are available to assist traders with any questions or issues they may have. The broker provides customer support through a range of channels, including live chat, email, and phone, with support available in multiple languages.
The XTB customer service team is highly trained and knowledgeable about the broker’s products and services, as well as the markets in which the broker operates. They are also responsive and efficient, with most inquiries being answered within a few hours.
Ease of Use
XTB offers user-friendly x trade brokers and an intuitive interface, making it easy for traders of all levels of experience to navigate and use.
Included Features
XTB provides a range of features for its traders, including access to a wide range of instruments, competitive pricing, advanced trading tools and features, educational resources and materials, as well as excellent customer support. The broker also offers a range of account types and x trade brokers to suit different trading styles and preferences.
Overall
While XTB is generally a well-regarded financial services provider, there are a few potential drawbacks to consider. Limited Deposit and Withdrawal Options: XTB’s deposit and withdrawal options are somewhat limited compared to other providers, with only a few options available for funding accounts and withdrawing funds. No Cryptocurrency Wallets: While XTB offers cryptocurrency trading, it does not provide users with the ability to store or withdraw cryptocurrencies to their own wallets. Inactivity Fee: XTB charges an inactivity fee if an account is not used for a certain period of time, which can be a disadvantage for infrequent traders. Limited Availability in Some Countries: XTB may not be available in all countries due to regulatory restrictions.
2 Top XTB Alternatives
| eToro | CMC Markets | XTB | |
| Features | Social Trading Multi-Asset Trading User-Friendly Interface | Advanced platform Competitive Pricing Education and Research Available | Advanced Platform Competitive Pricing Educational Resources |
| Detail | Read Review | Read Review | Read Review |
| Link |
eToro
eToro is a social trading and investment platform, similar to the XTB platform, that also offers a banking service. eToro Bank provides users with a multi-currency account, a debit card, and a mobile app for managing their finances. The bank also offers competitive interest rates on deposits and allows for easy conversion between currencies. They also offer a demo account, auto trading, tax accounting tools, and a streamlined trading platform.
CMC Markets
CMC Markets is a global financial services provider that offers trading and investment opportunities in various asset classes, including shares, forex, commodities, and cryptocurrencies. The company provides prominent forex brokers and tools, as well as educational resources to help users make informed investment decisions. CMC Markets is headquartered in London and has operations in several countries. They also offer bank transfers, a dedicated account manager, and automated trading and you can start trading immediately.
Conclusion
Retail CFD accounts are a type of trading account that allows individual traders and investors to trade contracts for difference (CFDs) with a financial institution or broker. Many forex brokers and CFD markets can be volatile. XTB is well-suited for traders who are looking for a broker with competitive pricing, fast execution, and a wide range of trading instruments. Many brokers also provide users with access to a range of educational resources and tools, making it a good fit for traders who are looking to improve their skills and knowledge.
In addition, XTB is a good option for traders who value security and transparency, as the broker is regulated by several reputable authorities and has a strong reputation for client protection.
The verdict XTB online trading is a good fit for traders who are looking for a reliable broker that offers a combination of competitive pricing, high-quality tools, and a user-friendly platform, with a strong focus on security and transparency.
Frequently Asked Questions (FAQs)
Trading CFDs involves financial services compensation schemes such as speculating on the price movements of underlying financial assets, such as stocks, commodities, currencies, or indices, without actually owning the underlying asset. Instead, a trader enters into a contract with a CFD provider or third-party broker to exchange the difference in price between the opening and closing trading positions of the CFD contract. The trader can profit from both rising and falling markets, as they can either go long (buy) or short (sell) the CFDs, depending on their market expectations. Trading CFDs offers a range of benefits, including leverage, low trading costs, and flexibility in terms of asset selection and trading strategies. However, it also involves risks, such as the potential for large losses due to leverage and volatility, and the possibility of scams and unregulated practices. Therefore, traders should carefully consider their risk tolerance, trading goals, and the credibility and regulatory status of their CFD provider before engaging in CFD trading. This type is not for novice traders.
XTB offers a money manager account that allows professional traders to manage multiple accounts from a single platform.
XTB’s minimum deposit requirement varies depending on the account type and payment method, but it starts from $1 for some account types.
Maximum leverage is the highest amount of borrowed funds that a trader can use to open a position in the market. It is expressed as a ratio, such as 1:30 or 1:500, and indicates the amount of money a trader can control with a certain amount of capital. For example, a leverage ratio of 1:100 means that for every $1 of capital, a trader can control $100 of assets in the market. While leverage can amplify potential profits, it also amplifies potential losses, and traders should use it with caution and employ proper risk management techniques.
XTB does not require traders to have an account manager, but it does provide dedicated account managers for its professional account holders through the brokerage account. These account managers can provide personalized support, market insights, and guidance to help traders make informed trading decisions. However, traders with standard accounts can still access the broker’s customer support team and educational resources to help them with their trading.
This trading is the buying and selling of currencies in the foreign exchange market with the aim of making a profit. The forex market is the largest financial market in the world and involves trading a range of different currency pairs, such as the EUR/USD, GBP/USD, and USD/JPY. Traders can profit from changes in the exchange rate between currency pairs by buying a currency when it is undervalued and selling it when it is overvalued. Forex trading can be conducted through a broker or platform, and traders can use a range of tools and strategies to analyze the market and make trading decisions. Forex trading is a high-risk activity and requires knowledge, skill, and proper risk management techniques to be successful.
Market sentiment refers to the overall attitude or feeling of investors and traders toward a particular financial market or asset, based on their perception of the current economic, political, and social factors affecting that market. Market sentiment can be bullish (optimistic), bearish (pessimistic), or neutral (undecided), and can have a significant impact on the direction and volatility of prices. A strategy is a set of rules and guidelines that a trader uses to make trading decisions in the market. It is a systematic approach to trading that is based on a trader’s analysis of the market and their individual risk tolerance and trading goals. A strategy can include a range of different components, such as entry and exit rules, risk management techniques, and position sizing strategies. Traders can use a range of different trading strategies, including technical analysis, fundamental analysis, or a combination of both, to make informed trading decisions. The aim of a strategy is to help traders manage their risk and maximize their profits over the long term. However, no strategy can guarantee profits, and traders should always be prepared to adapt their strategy as market conditions change. It is important for traders to thoroughly test and refine their trading strategies before using them in the live market, and to have a clear understanding of the potential risks and rewards associated with their approach.
The exchange commission, also known as the trading fee or commission fee, is a fee charged by the exchange or broker for executing trades on the market. It is a cost that traders incur for accessing the financial markets and buying or selling assets, such as stocks, options, or futures contracts. The commission fee is usually expressed as a percentage of the trade value, and the amount can vary depending on the type of asset being traded, the size of the trade, and the broker’s fee structure. Other brokers may charge a fixed commission fee per trade, while others may offer commission-free trading but may charge a minimum spread or markup on the bid-ask price. The commission fee is an important factor to consider when choosing a broker or platform, as it can have a significant impact on trading costs and overall profitability. Other brokers may also offer reduced or waived commission fees for high-volume or active traders, or as part of promotional offers or loyalty programs.
ABOUT THE AUTHOR
ABOUT THE REVIEWER
+ 6 sources
Bizreport Advisor adheres to strict editorial integrity standards avoids using tertiary references. We have strict sourcing guidelines and rely on peer-reviewed studies, academic research. To ensure the accuracy of articles in Bizreport, you can read more about the editorial process here.
-
Foreign currency exchange (forex) | Investor.gov. www.investor.gov. Accessed March 1, 2023. https://www.investor.gov/introduction-investing/investing-basics/glossary/foreign-currency-exchange-forex
-
Investor.gov. Stocks | Investor.gov. www.investor.gov. Published 2022. Accessed March 1, 2023. https://www.investor.gov/introduction-investing/investing-basics/investment-products/stocks
-
Commodities | Investor.gov. www.investor.gov. Accessed March 1, 2023. https://www.investor.gov/introduction-investing/investing-basics/investment-products/commodities
-
International Trade Administration. Foreign Exchange Risk | International Trade Administration. www.trade.gov. Accessed March 1, 2023. https://www.trade.gov/foreign-exchange-risk
-
XTB – Trade your way. XTB.com. Accessed March 1, 2023. https://www.xtb.com/int/trading-services/account-information/account-types
-
Limited XTB. Premium Account Packages | Get more out of your trading with XTB. en.xtb.com. Accessed March 1, 2023. https://en.xtb.com/premium-account-package