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Emily Lanham

XTB Review

Our Expert Rating
Accounts
9.6
Trades
9.2
Bonuses
9.6
Mobile
9.6
Banking
9.4
Features
9.4
Support
9.6
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Editors Summary

XTB is excellent for both new and regular Forex traders, there is a lot to like about XTB. With various licenses in many countries across Europe and so much positive buzz about them online, they offer everything that both the new and experienced trader needs. If you want to try out Forex for the first time you have access to a demo account and the site is intuitive. If you are going to trade on the move, you can use the xStation 5 mobile platform, but traders have a choice of this and the MT4 platform.

Over 270+ assets to trade now
Highly rated FCA licensed broker
Award-winning bespoke platforms
Loyalty rewards for regular traders
Demo account limited to four weeks
Education tools need improvement
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Introduction

Established in the mid-2000s, XTB is one of the more significant brokers in the world of CFD trading. Listed on the stock exchange and licensed and regulated by the Financial Conduct Authority, they also hold licenses from some of the world's most respected regulatory bodies. They have offices in numerous countries, including the UK, Poland, Germany, France and Turkey.

With XTB's trading platform, everything is designed to help you achieve your trading ambitions. They are committed to building a longer-term relationship with partners rather than just encouraging you to join the site and make a deposit. As an award-winning broker, with award-winning technology, they have worked hard to establish themselves as a leader in the market.

How can you tell if XTB is the right CFD broker for you and why should you choose to open an account with them? With so many others to choose from, cutting through all of the features of the site can be time consuming. To assist with your choice, we provide you with a comprehensive and detailed review of the broker.

In this review, you will learn:

  • The spreads and leverage available when trading
  • What kind of mobile trading experience you can expect
  • How accessible and supportive their customer service is
XTB Screenshot XTB Screenshot XTB Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Account Types

9.6
Account Types

Account Types

When you open an account with XTB, you have the choice of either the Standard account or a Pro account. There isn't a range of four or five to choose from, but you attract many benefits with just the Standard account. For those who like to go big with their trading, a Pro account offers more but is for the more heavyweight trader. As with many brokers, there is also a demo account which is free to use.

Demo Account

The good news is that before you open an account and start trading with real funds, you have the opportunity to try out the platform and check that you like it. You can get acquainted with trading and try it risk-free for four weeks. You get the benefits of trading on the live platform without risking or winning real money. Good news if you want to get familiar with everything before parting with any cash.

Standard Account

When opening a Standard account, which is the entry-level account, you can expect a 30:1 leverage with minimum spreads of 0.35. The minimum order is 0.01 lot. It is free to open an account and set it up, and all Standard account holders have access to both the xStation 5 and MT4 trading platforms. There is no commission with this type of account.

Pro Account

While the leverage is the same as with the Standard account at 30:1, the spreads are lower, and Pro account holders can enjoy spreads of 0.28 with the tightest spread being 0 pips. The other significant difference is while there is no commission with a Standard account you pay £2.50 per lot. Again, the same benefits apply.

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Trade Features And Payouts

9.2
Trade Features And Payouts

The most common features when it comes to CFD trading are the leverage and spreads offered as well as the stop loss order types. The type of platform that the broker uses and whether it is available on mobile is equally essential. We take a look at the leading trade features of XTB and the payouts you can expect.

Leverage

Leverage enables you to maximise the amount of money you can place on a trade without risking everything you have. Whether you go for a Standard account or a Pro version, the leverage is the same across the board, which is a maximum of 200:1 (higher leverage is available on request with a Pro account) but the general leverage available is 30:1.

Spreads

The spreads available depend on the type of account that you hold. The Pro account spreads are tighter at 0 pips than the Standard account, which is 0.9. A Standard account operates floating spreads which mean that depending on the liquidity available; they can tighten or widen. Pro accounts operate with market execution as well.

Stop Loss

Having the ability to put an automatic stop on your trade when it hits a certain point is a great way to control your losses. With XTB, you can minimise the exposure to adverse market moves and put a stop on the trade when it reaches a pre-determined price. You do not need to intervene manually, which means that you can carry on with your business, knowing that your trades are taking care of themselves.

Platform Types

There are two types of trading platforms available from XTB. These are xStation 5, which is easy to use and fully customisable & MT4, which offers a fast and reliable trade execution. For the best mobile experience, you can download the xStation 5 mobile platform.

For both new and regular CFD traders, there is a lot to like about XTB.

Bonuses And Promotions

9.6
Bonuses And Promotions

In line with FCA and CySEC legislation, XTB does not offer any welcome or deposit bonuses to entice customers to make large deposits. There are however, other incentives and reward programmes.

They offer rebate and loyalty points though for those who continually use the site and make deposits. They also provide a refer-a-friend promotion, but this is only available to those outside of the EU.

Mobile Trading

9.6
Mobile Trading

In today's world of modern technology and fast-paced life, people want to transact on the move. Computers are giving way to mobile devices, whether that be tablets or mobile phones. As many people are always on the go, having a mobile platform for trading is essential. XTB offers a mobile experience for all types of mobile devices in the form of a fully responsive mobile site and an app using the xStation platform.

The app provides charts which are user-friendly and functional, and the design is both intuitive and easy to navigate. Using the app with push notifications means that you can react fast, and the ease of use will allow you to respond quickly to changes in the market. In addition to this, you can stay in touch with market news and take advantage of the app's economic calendar. As well as the mobile phone app, you will see the opportunity to download a tablet app. Enjoy a bespoke experience, whichever device you are using.

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Deposits And Withdrawals

9.4
Deposits And Withdrawals

One of the critical features of the site is the fast deposit and withdrawal times. There are multiple options to deposit, including credit and debit card.

There are no withdrawal fees imposed by the site so you can take out your money without having to have any of your profits deducted. You may, however, face charges from your payment provider.

Special Features

9.4
Special Features

XTB offers an education section which is free for all website visitors. This includes help videos and articles on various topics arranged in a step-by-step order. If you are considering using a broker, you can see what sort of help and assistance you can expect from your trading experience.

There is help for new and inexperienced traders to get the most out of your trading. These tools, combined with a free demo account, make XTB the right choice of CFD broker.

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Customer Support

9.6
Customer Support

Customer support is available 24 hours a day, five days a week which coincides with trading times. If you want to speak with someone you get the option to open up a live chatbox on the bottom right-hand side of the site both on desktop and mobile.

Support is available in many languages, and you can phone up or e-mail. If you want an instant answer, then it is suggested that phoning (which you can do in many languages) is the best way to get a response.

Contact Details

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

XTB

Conclusion

9.5
Conclusion

For both new and regular CFD traders, there is a lot to like about XTB. With various licenses in many countries across Europe and so much positive buzz about them online, they offer everything that both the new and experienced trader needs. If you want to try out CFDs for the first time you have access to a demo account and the site is intuitive. If you're going to trade on the move, you can use the xStation 5 mobile platform, but traders have a choice of this and the MT4 platform.

When it comes to trading features and benefits, the spreads and payouts are good, and you can get decent leverage. There are many market assets to trade in. Customer support is consistent, and you can get hold of someone on business days. The site is excellent for those who want to enjoy trading CFDs without delay – open an account, try the platform and then start trading. For new and inexperienced traders, the educational tools will help you to get the most out of your CFD trades.

How Our Review Ratings Are Calculated

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

10% 10% 10% 15% 15% 20% 20% Pie Core
  • Account Types
  • Banking & Payouts
  • Bonuses & Promotions
  • Mobile Trading
  • Trade Types
  • Special Features
  • Customer Support

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Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Frequently Asked Questions

FAQ

Is XTB legit? Will they scam me?

With licensing from some of Europe's most recognised bodies like the FCA and CySEC, you can be confident that XTB is a legitimate and trusted broker.

Do they have a decent mobile or tablet app?

The xStation 5 version of the platform is available to download as an app, and the site is also fully responsive from a mobile browser so you can choose your experience.

What bonus do they offer for new traders?

There are no bonuses available to new traders, due to regulations from FCA and CySEC. There are, however, rebates and a loyalty reward programme.

Can I start trading on a free demo account?

Yes, there is a demo account available for new traders to use for four weeks before they are required to make a deposit and move the live platform.

What's the min deposit and ideal trade amount?

The minimum deposit depends on where you are in the world. For the UK, the minimum deposit is $250, £250 €250. The minimum trade is 0.01 lot.

Meet The Author
Emily Lanham
Emily Lanham
Trading Economist

Emily has written for us for 2 years, and with an education and career in economics, markets are something she understands. Working as a consultant for various financial institutions gives Emily the ability to devote a certain amount of her time to the site.

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