XTB (X-Trade Brokers) Review 2021

XTB (X-Trade Brokers) Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

5.95

Overall rating

5.74

/10

Execution of orders

6.16

/10

Investment instruments

5.8

/10

Withdrawal speed

6.1

/10

Customer Support work

5.58

/10

Variety of instruments

6.32

/10

Trading platform

55

Position
in rating

Trading terminals:

MetaTrader4 xStation 5
55

Position in rating

5.95/10
Overall rating

Trading terminals:

MetaTrader4 xStation 5

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of XTB Trading Company

The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.

Attention!

We work with accounts opened exclusively through the Traders Union website.

👍 Advantages of trading with XTB:

  • minimum deposit - $1;
  • a wide range of trading instruments;
  • branches in 12 countries.

👎 Disadvantages of XTB:

  • the demo account is only available for four weeks;
  • all analytical materials provided by the broker are exclusively in English;
  • no PAMM accounts;
  • the broker is focused on European clients.

Overall

XTB is a broker that focuses on the European segment of the market.

Visit XTB

XTB (X-Trade Brokers) Latest Comments for 2021

0
10
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of XTB published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

All the red tape involving documents made me mad. To open an account through XTB, I had to contact support and fill out each item under their direction. After registering, an account was opened, but I couldn’t replenish it. The bank blocked the card at the transfer stage, they thought that the transfer was being made by scammers, although I did the transfer myself. I had to deal with the bank to prove that it was just a Forex broker. With the second card, the payment took 2 days to register. They also made me nervous. I clarified the situation with my bank. Honestly, the money is now hanging on the account, but there is no longer any desire to work with this broker. Clearly, they have some skeletons in their closet because such nonsense with money is a common occurrence with XTB.

This broker has unstable spreads expanding up to 5 pips! True, there is no such situation in a calm market, the maximum that I can observe for the euro/dollar is 3 points, but they promised only 0.3 pips! Cheaters!

In a volatile market, XTB used to have spreads for EUR/USD that reached 5 points. Looks like they are now completely insolent if they organized such a charade even in a quiet market.

The money was returned after a lengthy trial. The amount was considerable, around $900. They did not want to give it back, they demanded to provide at least 80% of the turnover of funds from the initial deposit. This is unrealistic because I almost immediately realized that the company was fraudulent and it was impossible to make a profit here. Why would I want to waste my time here? The sea is full of other fish, I have nothing to catch with XTB.

The liquidity is low, and XTB frequently suffers from requotes and slippage. The company does not stand out in anything remarkable. I tried to work with them just for kicks. Profitability was not important. There was an overwhelming majority of negative trades, so we had to take back our money and look for other options.

The pedigree of XTB is not clear at all. Very little information is freely available, which is somewhat repulsive. Also, I did not find any positive feedback on this broker. Everyone complains about delays in the withdrawal, so my desire to work with them quickly disappeared.

The XTB broker does not operate fairly. Their practice is to lure the client in and separate the client from his money. When trading, completely unexpected obstacles arise. Most likely, this company does not trade in the real market. I failed to earn anything.

2 >

Expert Review of XTB

The XTB broker (X Trade Brokers) has significant experience in the Forex market. The company has a solid reputation that allows it to open representative offices in many countries. Since the broker focuses on working with European investors, registration for citizens of other countries requires additional verification, including the obligation to provide financial data that disclose sources of income.

The XTB offers a fairly wide range of trading instruments and two trading platforms (MetaTrader 4 and xStation 5). As for disadvantages, there are no bonus programs or PAMM investment opportunities. Also, the broker limits the use of the demo account to only four weeks.

The broker's website is quite convenient. However, all technical and operational support as well educational materials are provided in English only.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

5.95

Overall rating

5.74

/10

Execution of orders

6.16

/10

Investment instruments

5.8

/10

Withdrawal speed

6.1

/10

Customer Support work

5.58

/10

Variety of instruments

6.32

/10

Trading platform

Dynamics of the Popularity of XTB
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Geographic Distribution of XTB Traders

Investment Programs, Available Markets and Products of the Broker

The XTB broker focuses primarily on those traders who trade on their own. The company has no options for investing and using PAMM accounts or opportunities for trust management.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

XTB affiliate program:

  • The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client.

  • The XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume.

 As you can see, the broker provides a couple of affiliate programs that allow traders to receive a part of the commission from the broker and create their own referral network. And for active traders, it is possible to convert a certain number of trading lots into a partial return of the spread.

Rebate and Discount Programs of the Traders Union for XTB

The rebate service from Traders Union provides a trader with an opportunity to reduce their trading costs significantly. To take advantage of the service, you need to register with Traders Union. It's completely free. Then open an account with X Trade Brokers and receive partial compensation based on the spread. The rebate is paid regardless of whether you trade with a profit or not.

Try it!  You’ll like this!

Trading Conditions for XTB Users

The XTB broker has favorable trading conditions. The company has three account types: Standard, Pro, and Islamic. The minimum deposit for all account types is $1. The size of the spread depends on the specific trading instrument and the type of account. The maximum leverage is 1:500 and the minimum lot is 0.01. An additional commission is also provided for opening trades in cryptocurrency, stocks, and indices on Pro and Islamic accounts, from $3.5.

$1

Minimum
deposit

1:500

Leverage

24/5

Support

MetaTrader4 xStation 5
Trading platform: MetaTrader 4 and xStation 5
Accounts: Demo, Standard, Pro, Islamic
Account currency: USD
Replenishment / Withdrawal: Visa, Mastercard, Skrill, Neteller, wire transfer, SafetyPay
Minimum deposit: USD 1
Leverage: Up to 1:500
PAMM-accounts: No
Min Order: 0.01 lot
Spread: From 0.1 pips
Instruments: Currencies, stocks, indices, raw materials, CFDs, and cryptocurrencies
Margin call/Stop Out: 30%/30%
Liquidity provider: N/A
Mobile trading: Yes
Affiliate program: Yes
Orders execution: Market Execution
Trading features: Advisors can be used
Contests and bonuses: No

Comparison of XTB with other Brokers

XTB FxPro XM Group Admiral Markets UK AvaTrade FXTM
Trading
platform
MT4, xStation 5 MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MT5, MobileTrading, WebTrader
Min deposit No $100 $5 $200 $100 $1
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 0 points
Level of margin call
/ stop out
100%  /  30% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10% 40%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Market Execution, Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes Yes

Broker comparison table of trading instruments

XTB FxPro XM Group Admiral Markets UK AvaTrade FXTM
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes No
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF Yes No No Yes No No
Options No No No No No No

XTB Commissions & Fees

Information

The XTB broker was analyzed by the Traders Union specialists for hidden fees. The broker charges a commission for withdrawing money in the following amounts: 1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount.

Account type Spread (minimum value) Withdrawal commission
Standard From $5 1.5% - when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay; 2% when withdrawing to Neteller and Skrill
Pro From $1 1.5% - when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay; 2% when withdrawing to Neteller and Skrill
Islamic From $7 1.5% - when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay; 2% when withdrawing to Neteller and Skrill

The broker's commission for transferring trading positions to the next day (swap) is available for Standard and Pro account types. However, the Islamic account is a swap-free account. Below, is a table comparing brokers based on their trading commissions. Each broker is assigned a level from low to high, according to the results of the assessment for this parameter.

Broker Average commission Level
XTB $4 Low
RoboForex $6.55 High
Admiral Markets UK $5 Medium
XTB
$4
RoboForex
$6.55
Admiral Markets UK
$5
Conclusion

The XTB broker has a fairly low spread. In addition, traders have the opportunity to reduce it with the help of a rebate from the Traders Union.

Detailed Review of XTB (X-Trade Brokers)

The XTB broker is registered in Belize. It has been in the financial services market for over 15 years. The company has offices in twelve countries, and its activities reach traders worldwide. The broker's policy is aimed primarily at cooperation with European traders. 

Here are a few numbers about the XTB broker that will help a trader to choose a reliable broker: 

  • more than 15 years of experience in the foreign exchange market;

  • the minimum investment amount is $1;

  • representative offices in 12 countries.

The XTB is an acceptable broker that targets professional traders and the European market segment.

It provides standard financial services in the Forex market. The broker has a wide range of trading instruments but does not provide PAMM investment opportunities. All analytical and training materials are available in English only. It should also be noted that the broker offers its demo account for four weeks only.

The company has two trading platforms: MetaTrader 4 and xStation 5. Also, the broker has a mobile platform that allows traders to trade from anywhere in the world.

Useful services of XTB:

  • Market News - the trader has access to the most important news that affects the Forex market;

  • Academy of Trading - video courses for learning to trade and strategies;

  • trading calendar - displays the most important information about the economies of different countries.

Advantages:

1

two platforms are available;

2

there is an Islamic, swap-free account;

3

a minimum deposit of USD 1;

4

a wide range of trading instruments;

5

availability of a mobile platform;

6

several ways to deposit and withdraw funds.

The broker does not limit traders in choosing strategies in any way. Hedging and locking orders are allowed. Also, the broker does not set conditions regarding the minimum duration of the trade.

How to Start Making Profits — Guide for Traders

The XTB broker offers several types of accounts. The Standard account is more suitable for novice traders, while the Pro and Islamic accounts are designed for professionals. The main differences between the accounts are: the minimum spread size, additional commissions for contracts for cryptocurrency, stocks, and indices, as well as the existence of swaps.

Types of accounts:

Account Type
Description
Standard
It’s an account with a deposit of $1. The minimum spread is 0.5 pips. Leverage is up to 1:500. The minimum lot size is 0.01. There is no additional commission for cryptocurrency, stock, and index contracts. This is the best option for beginners;
Pro
This account has a minimum deposit of $1. The spread floats and the minimum spread for currency pairs is 0.1 pips. Leverage is up to 1:500. Additional commission for contracts for cryptocurrency, stocks, and indices is from USD 3.5. The minimum lot size is 0.1. This type of account is suitable for professionals;
Islamic
It’s an account with a deposit of $1. The spread floats and the minimum spread for currency pairs is 0.7 pips. The minimum lot size is 0.01. Leverage is up to 1:500. Additional commission for contracts for cryptocurrency, stocks, and indices is from $10. A distinctive feature of this type of account is that no swap is charged. It’s designed for clients who practice Islam.

The broker also has the opportunity to open a demo account, but only for four weeks. After that, the demo account is blocked.

XTB is a broker that focuses mostly on experienced traders.

Bonuses Paid by the Broker

The XTB broker does not offer bonus programs

Bonuses from Traders Union

The broker’s partnership with Traders Union provides an opportunity for a trader to save on trading costs. The registration procedure on the Traders Union website is free and takes only a few minutes. After registration, you need to use the affiliate link on the broker's website. When you trade, Traders Union returns a part of the commission to you, regardless of the results of your trade. If you have already become an XTB client, then follow this link to find instructions that will help you link your trading account with your Traders Union account.

Investment Education Online

Information

In order to help the trader, the broker's website has many analytical tools and video training courses. These materials can be useful to all clients of the company. But it should be noted that all materials are presented in English only.

Information available on XTB
Information not on the XTB site
Economic calendar
Trading session schedule
Market news
Dow Jones News
"Academy of Trading"
Discount rate levels
 
Glossary of terms
 
Margin levels

You can use a demo account to test trading systems, but such a demo account is only available for four weeks.

Security (Protection for Investors)

Information

The financial regulator of X Trade Brokers is the Belize International Financial Services Commission (IFSC). The broker's license number is 000302/46.

Also, X Trade Brokers is licensed by financial regulators in Spain, Poland, and Turkey.

👍 Advantages

  • Licensed by financial regulators in several countries
  • There are representative offices in 12 countries
  • The broker's regulations and rules for the provision of financial services are freely available on the official website.

👎 Disadvantages

  • Complaints are accepted only in English
  • Complex and lengthy complaint procedure
  • Claims that relate to compensation for personal injury damage are not considered
  • Claims by traders with small losses are not considered

Withdrawal Options and Fees

  • The XTB broker provides a relatively fast withdrawal of funds.

  • The company charges a commission of 1.5% (but not less than $30) for bank transfers and transfers to SafetyPay, and 2% for withdrawals to Neteller and Skrill e-wallets.

  • There are five options for depositing and withdrawing funds: bank transfer, Visa or MasterCard, Skrill, Neteller, and SafetyPay.

  • Withdrawals to a bank card usually take about 1-3 business. Withdrawals to electronic wallets Skrill, Neteller, SafetyPay take about 3-5 working.

  • Withdrawals are only possible in US dollars.

Customer Support Service

Information

In case of questions or problems during the workflow, a trader can contact the support service, which works around the clock, 5 days a week.

👍 Advantages

  • The FAQs section provides answers to the most common questions
  • Availability of email support
  • Availability of phone support

👎 Disadvantages

  • Support does not work on weekends
  • No feedback form
  • No online chat
  • Support is provided in English only
  • It takes about 3-4 days to receive a response

You can contact XTB support specialists in the following ways:

  • by phone, as indicated on the website;

  • by email;

  • in the company's offices.

Support is available both on the XTB broker's website and via your personal account, in the "Support" section.

Contacts

Registration address 35 Barrack Road, 3rd Floor, Belize City, Belize, C.A.
Regulation
Contacts

Review of the Personal Cabinet of XTB

Do you want to trade with XTB and receive compensation from Traders Union using the rebate service? Then you need to do the following:

1

Register on the Traders Union website, and then follow the affiliate link to the broker's website. Then click on the "Create Account" button.

XTB Review - Official site
XTB Review - Official site
XTB Review - Official site
2

Complete your registration by providing your email address, your country of residence, and agreeing to the terms of the broker's services. The next stage of registration involves creating a password, as well as uploading information on sources of income and income tax return information.

XTB Review  - Real account opening
XTB Review - Real account opening
3

The following useful functions will be available to you in your personal account:

1. actual quotes of currency pairs.
2. formation of statistics (statement) of trade.
1. actual quotes of currency pairs.
2. formation of statistics (statement) of trade.

Also, other useful functions will be available in the Personal Account:

  • access to affiliate programs;

  • access to trading terminals and quotes;

  • technical support and help from a personal manager;

  • change of personal data.

Tags:

XTB xtb X Trade Brokers XTB Online Trading XTB Broker xtb.com xtb com

The Oldest Reviews of the XTB

The reviews by customers of the XTB indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of XTB published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I answered all questions honestly in the XTB registration form. They refused to register me, and they refused to give me any explanations. Make your own conclusions!

There was a problem from the outset when just opening the account. The last step was to verify my address. So, I sent a scanned copy of a property rental receipt, but they rejected it and required hand-delivery! Should I send them a real receipt by mail??? What the hell is going on at XTB?

In the real market, there may also be "obstacles" so to speak. Spreads are naughty, requotes occur. But what is happening at XTB is far from the real market. There are obvious price manipulations on the broker's side. Conclusion: there are no real trades here.

The XTB broker does not operate fairly. Their practice is to lure the client in and separate the client from his money. When trading, completely unexpected obstacles arise. Most likely, this company does not trade in the real market. I failed to earn anything.

The pedigree of XTB is not clear at all. Very little information is freely available, which is somewhat repulsive. Also, I did not find any positive feedback on this broker. Everyone complains about delays in the withdrawal, so my desire to work with them quickly disappeared.

The liquidity is low, and XTB frequently suffers from requotes and slippage. The company does not stand out in anything remarkable. I tried to work with them just for kicks. Profitability was not important. There was an overwhelming majority of negative trades, so we had to take back our money and look for other options.

The money was returned after a lengthy trial. The amount was considerable, around $900. They did not want to give it back, they demanded to provide at least 80% of the turnover of funds from the initial deposit. This is unrealistic because I almost immediately realized that the company was fraudulent and it was impossible to make a profit here. Why would I want to waste my time here? The sea is full of other fish, I have nothing to catch with XTB.

Author of this Review

XTB broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the XTB rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about XTB you need to go to the broker's profile.

How to leave a review about XTB on the Traders Union website?

To leave a review about XTB, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about XTB on a non-Traders Union client?

Anyone can leave feedback about XTB on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with XTB through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.