Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
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XBTFX Pros & Cons
- Wide pool of assets from different groups;
- The demo account is free;
- No minimum deposit;
- Top trading platforms are available;
- Does not set restrictions on trading;
- Best-in-class spreads and trading fees;
- Educational materials;
- Several passive income options;
- Technical support works 24/7.
- All trading instruments are CFDs
- Third-level regulation - FSA Seychelles;
- Does not provide its services to residents of Belgium, Belarus, Russia, Iran, North Korea, Sudan, Yemen, etc.
XBTFX is a CFD and cryptocurrency broker offering leveraged trading on digital assets and traditional financial markets. CFDs on more than 200 assets, such as currency pairs, cryptocurrencies, stocks, indices, commodities and precious metals are available. There is a free demo account and two live account types, namely Standard and ECN. Clients can open an Islamic swap free account upon request. There is no minimum deposit requirement, though minimum transfer amounts may apply depending on the funding method. This broker offers good training with articles for novice traders and experienced market participants. Passive income options are a copy trading service, MAM and PAMM accounts, and a referral program.
TU Expert Verdict
I can confidently recommend XBTFX — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
XBTFX User Reviews
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5-star
44%
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4-star
36%
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3-star
17%
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2-star
2%
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1-star
1%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of XBTFX have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of XBTFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, XBTFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
XBTFX Standard spreads XBTFX OANDA FOREX.com EUR/USD min, pips 0.8 0.1 0.7 EUR/USD max, pips 1.0 0.5 1.2 GPB/USD min, pips 0.8 0.1 0.9 GPB/USD max, pips 1.2 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
XBTFX RAW/ECN spreads XBTFX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.01 0.15 0.2 GBP/USD avg spread 0.03 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with XBTFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
XBTFX Non-Trading Fees XBTFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 50 0 15 -
Is XBTFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.4 /10XBTFX has a safety score of 4.4/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
XBTFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 Abbreviation FSRC Full Name Financial Services Regulatory Commission Country of regulation Saint Kitts and Nevis Investor Protection Fund No specific fund Regulation Level Tier-3 XBTFX Security Factors Foundation date 2019 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8.7 /10XBTFX offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Swap Free (Islamic) account
- Demo account
- No VIP account option
- No Cent account
XBTFX account types vs top competitors XBTFX Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free YesNoNoVIP NoNoNoManaged YesNoNoXBTFX accounts trading conditions
As a rule, traders’ priority is to choose the best account type for them. XBTFX offers Standard, ECN, and Islamic accounts. Standard and Islamic accounts use STP technology, while ECN uses ECN technology. Spreads on the Standard account are higher, but there is no fee for trading currency pairs, cryptocurrencies, metals, indices, and commodities. On ECN, spreads are lower and raw; however, there is a $3.5 fee per full lot for trading the listed assets, excluding cryptocurrencies. Cryptocurrencies on ECN are traded with a fee of 0.075% of the trade amount. All accounts are subject to a $0.1 fee for trading stocks (or 0.45% depending on the region). The Islamic account is similar to Standard, except that it’s swap-free. Also, there is a fee for trading cryptocurrencies of 0.15% of the trade amount.
Account types:
Account Type Description Standard No minimum deposit, spreads are from 1 pips, STP technology, and a fee is charged only when trading stocks; ECN No minimum deposit, spreads are from 0.01 pips, the fee is $2.75 per lot or different when trading stocks and cryptocurrencies, and ECN technology; Islamic The minimum deposit is $10, spreads are from 1 pips, fee is charged only when trading stocks and cryptocurrencies, plus STP technology. Usually, if traders are not familiar with this broker, they first open a demo account. This provides for exploring possibilities of this broker during market conditions, but without financial risks, as demos use virtual currency. Then, based on their strategic preferences, clients open one of the live account types. Swap-free accounts are available to Islamic users.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10XBTFX offers a wide range of deposit and withdrawal options including bank wire (SWIFT and SEPA), debit and credit cards, e wallets, stablecoins, crypto and gold backed coins, with zero deposit fees across all methods.
XBTFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Fiat deposits via Bank Wire
- Fiat deposits via Debit and Credit Cards
- Fiat deposits via Skrill, Sticpay & Volet
- Stablecoins & Crypto deposits
- Zero Deposit fees
- Fast Withdrawals
- Base accounts in EUR, USD, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), Solana (SOL), Litecoin (LTC)
- Only major base currencies available
- Wise not supported
- PayPal not supported
What are XBTFX deposit and withdrawal options?
XBTFX supports the following trading platforms: MT5, cTrader, xPro and WebTrader. This selection covers the needs of most retail traders. We also compared XBTFX's platform availability with that of top competitors to assess its relative market position.
XBTFX Deposit and Withdrawal Methods vs Competitors XBTFX Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are XBTFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. XBTFX supports an extensive list of crypto base accounts, including USD, Bitcoin, ETH, USDT, USDC, DAI, XRP, ADA, DOGE, LTC, BCH, BNB, PAXG, and ZEC.
What are XBTFX's minimum deposit and withdrawal amounts?
XBTFX does not require a minimum deposit or withdrawal amount.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10XBTFX offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 75 Forex pairs.
- Indices trading
- Crypto trading
- 75 supported currency pairs
- Futures not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by XBTFX with its competitors, making it easier for you to find the perfect fit.
XBTFX Trading.com Plus500 Currency pairs 75 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 200 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products XBTFX offers for beginner traders and investors who prefer not to engage in active trading.
XBTFX Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts YesNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at XBTFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with XBTFX in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at XBTFX is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
XBTFX account opening XBTFX Trading.com Plus500 Online Registration YesYesYesMinimum deposit $0 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 5 20 KYC time (days) 1 2 3 Is XBTFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start working with this broker, register on its official website, go through the identification procedures, open a live account, make a deposit, and download a trading platform. After installing and launching the platform, enter your registration data, and start trading. TU’s experts have prepared a step-by-step guide on the registration process and features of the user account.
Go to this broker's website and click the “Register” button in the upper right corner.
Enter your first and last names, as well as your email address. Create a password and enter it twice. Enter your phone number and select your country of residence from the list. Agree to the terms of service by ticking the box and click the “Continue” button.
An email with a confirmation code will be sent to the specified address. Enter it in the appropriate box on the website. Then enter your email and password to log in.
Go to the “Profile” section in the main menu on the left. Select the “Verification” block and click the “Next step” button. Select the type of document confirming your identity and upload its scan/photo. Take a selfie with this document and submit it using the appropriate form. Follow the instructions on the screen to verify. Then wait for verification to complete.
Go to the “Funds” section in the main menu on the left. Click the “Deposit” tab, select the deposit channel, and follow the instructions on the screen to fund your account. Deposits and withdrawals are available over a variety of methods including wide range of crypto currencies (BTC, ETH, SOL, XRP, LTC, BNB, Zcash, XAUT, PaxG), as well as bank transfer and credit card.
Go to the “Trading Accounts” section in the menu on the left. Choose the suitable platform. Provide the requested information (type, base currency, and leverage) and click the “Open account” button. After that, download and install the platform, start it, and enter your registration data.
Features of the user account:
- Dashboard. It displays basic information on open accounts with detailed information;
- Balance. In this block, traders see their assets and can link external wallets to their accounts;
- Trading accounts. This block provides for opening and closing live and demo accounts;
- Funds. This is a block for making deposits and withdrawals with the possibility to cancel the transaction;
- Exchange. This section provides for converting currency into cryptocurrencies and back (a fee is charged);
- History. It provides information on all trader’s transactions, as well as account analytics;
- IB. This block provides for registering in the referral program, as well as tracking and managing bonus payments;
- Profile. Here traders enter their personal data, get verified, and set security details;
- Support service. Here traders have the opportunity to create a ticket with a request to this broker's managers;
- PAMM and copy trading. This block is dedicated to passive income services.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.7 /10XBTFX received a score of 7.7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- One-click trading
- MetaTrader is available
- Free VPS for uninterrupted trading
- Strategy (EA) Builder is available
- No TradingView integration
- EAs not allowed
Supported trading platforms
XBTFX supports the following trading platforms: MT5, cTrader, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared XBTFX’s platform availability with that of top competitors to assess its relative market position.
XBTFX Trading.com Plus500 MT4 NoNoNoMT5 YesYesNocTrader YesNoNoTradingView NoYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey XBTFX’s trading platform features
We also evaluated whether XBTFX offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) NoOne-click trading YesScalping YesSupported indicators 96 Tradable assets 200 Additional trading tools
XBTFX offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
XBTFX trading tools vs competitors XBTFX Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. YesNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10XBTFX supports mobile trading, offering dedicated apps for both iOS and Android. XBTFX received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Solid iOS user feedback, with a rating of 4.8/5
- Indicators supported
- Strong Android user ratings, currently at 4.8/5
- Limited features vs desktop
We compared XBTFX with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
XBTFX Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 1,100,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.8 4.8 4.7 Google Play score 4.8 4.7 4.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at XBTFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria8.8 /10XBTFX demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, XBTFX shows reliable service and active engagement with clients.
InformationEvery broker needs technical support, because traders sometimes face situations that cannot be resolved by themselves. Moreover, sometimes there is a real problem that requires an urgent solution. If traders receive prompt and qualified assistance, they have no doubts about a broker. But if technical support responds slowly or is incompetent, clients may become disappointed with the broker and go to its competitor. XBTFX offers the highest level of client service. Its specialists work 24/7 and can be reached by phone, email, and tickets.
- Multiple communication channels are available
- Managers work 24/7
- Competence of technical support is highly evaluated by users
- Non-clients cannot submit tickets
Whether you are this broker’s client or just intend to become one, contact managers for relevant assistance. Client service is there to help you. The following communication channels are available:
- live chat;
- email (support);
- email (general questions);
- tickets in the user account.
Note that the call center is not available round the clock, but only from 14:00 to 22:00 GMT. This broker has official profiles on Facebook, Twitter, and Reddit, where you can also contact managers. Subscribe to them to stay up to date with this broker’s latest news.
Contacts Foundation date 2019 Registration address Hodges Bay, P.O. Box 1348, St. John's, Antigua Regulation FSA Seychelles, Antigua and Barbuda Licence number:
SD169Official site https://xbtfx.com/ Contacts support@xbtfx.com info@xbtfx.com +44 2921 28 0290
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FAQs
How safe is XBTFX in terms of regulation and client protection?
XBTFX has a safety score of 4.4/10, which corresponds to a low security level in the Traders Union assessment. It is regulated by the Financial Services Authority of Seychelles (FSA) and the Financial Services Regulatory Commission (FSRC) of Saint Kitts and Nevis, both classified as Tier-3 regulators with no specific investor compensation fund mentioned. The broker offers negative balance protection and requires KYC verification, but it is not Tier-1 regulated and has a relatively short track record since its foundation in 2019.
What do reviews say about XBTFX trading commissions and non-trading fees?
According to the section, XBTFX’s overall fee level is rated as medium, with a commissions and fees score of 7/10. Standard account EUR/USD spreads typically range from 0.8 to 1.0 pips, while ECN accounts have average EUR/USD spreads around 0.01 pips plus a $3.5 commission per lot. Non-trading fees include zero deposit and withdrawal fees but a $50 monthly inactivity fee, which may be viewed critically in user feedback even though specific user reviews are not detailed in this section.
What account types does XBTFX offer and how do they differ?
XBTFX provides several account types, including Standard, ECN/Raw spread, Micro, Demo, Swap Free (Islamic), and Managed accounts, but it does not offer Cent or VIP accounts. Standard and Islamic accounts use STP technology with spreads from 1 pip and no commission on most instruments except stocks (and cryptocurrencies for Islamic), while ECN accounts use ECN technology with spreads from 0.01 pips and a commission starting from $2.75–$3.5 per lot or percentage-based fees for cryptocurrencies. The Islamic account is swap-free and has a $10 minimum deposit, whereas Standard and ECN accounts have no stated minimum deposit.
What deposit and withdrawal options and base currencies are available at XBTFX?
XBTFX supports deposits and withdrawals via bank wire (SWIFT and SEPA), bank cards, several e-wallets (such as Skrill, Sticpay, and Volet), stablecoins, and various cryptocurrencies, with zero deposit fees across all methods. The broker offers base accounts in major fiat currencies like EUR and USD as well as multiple crypto assets, including BTC, ETH, USDT, USDC, DAI, XRP, ADA, DOGE, LTC, BCH, BNB, PAXG, and ZEC. PayPal and Wise are not supported, and the review notes that only major base currencies are available.
What feedback is there on how easy it is to open a trading account with XBTFX?
The review describes the XBTFX account opening process as fully online, with registration taking about 5 minutes and KYC verification typically completed within 1 business day. The minimum deposit is stated as $0, and the process includes standard steps such as registration, identity verification, funding, and platform setup, which may feel less convenient for beginners despite being relatively fast. According to user comments implied in the review, this is presented as one of the more accessible onboarding procedures, although individual experiences are not detailed.
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