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%
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XTB (X-Trade Brokers) Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- MetaTrader4
- xStation 5
Regulation:
- FSC
- FCA. CySEC
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $1
Trading platform:
- MetaTrader4
- xStation 5
Regulation:
- FSC
- FCA. CySEC
Bonus for deposit:
- 0%
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Summary of XTB Trading Company
XTB is a moderate-risk broker with the TU Overall Score of 5.18 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XTB clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. XTB ranks 100 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
XTB is a broker that focuses on the European segment of the market. The company is suitable for novice traders because the deposit in XTB starts from $1. A leverage of 1:500 will allow you to test almost any trading strategy without significant investments.
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 (FSC, 000302/438), CySEC (169/12), FCA (522157). 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.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | no minimum deposit |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | From 0.1 pips |
| 🔧 Instruments: | Currencies, stocks, indices, raw materials, CFDs, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 30%/30% |
👍 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.
Evaluation of the most influential parameters of XTB
Trade with this broker, if:
- You prioritize regulated brokers as this broker is regulated by multiple reputable authorities, including the Financial Conduct Authority (FCA) in the UK, the Polish Financial Supervision Authority (KNF), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC) in Belize.
- You're in need of advanced trading features, as xStation 5, the platform offered by this broker, provides powerful charting tools, advanced order types, and algorithmic trading options. These features cater to traders who utilize complex trading strategies and require sophisticated tools to execute their trades effectively.
Do not trade with this broker, if:
- You are located in a country that is not supported by this broker, such as the US and Canada, as you will not be able to open an account or trade with them. It's essential to ensure that your country of residence is supported by the broker before attempting to sign up or conduct any trading activities.
We checked the office of the XTB brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
Pikioni 10, Building: Highsight Rentals Ltd, 3075, Limassol, Cyprus
Verified the company's address
* The results of this inspection shall not be regarded as an advice to choose the broker.
-
The company is located at the stated address
-
We were able to speak to a company representative
-
We were able to visit the office as clients
-
-
Video of the company’s office
-
Geographic Distribution of XTB Traders
Popularity in
45.77%
PL
10.3%
CZ
9.29%
ES
6.79%
SK
6.67%
BR
6.58%
PT
6.52%
VN
5.75%
RO
5.61%
FR
4.42%
DE
14.3%
Others
Video Review of XTB i
User Satisfaction i
68 comments
Total score:
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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.
Latest XTB News
04.04.2024
Fintech company XTB, which provides online forex and CFD trading services, has announced an important milestone: the number of its clients has reached 1
01.04.2024
Polish brokerage XTB is looking to expand its financial services to new markets, including those in Asia. The company said it has acquired a 90% stake
29.03.2024
Broker XTB has launched a new service related to social trading. As part of its 2024 development plan, the company aims to provide its traders with the
26.01.2024
Broker XTB, in an effort to increase its influence on the UK market, has expanded its offer with the launch of the Autoinvest feature. Autoinvest
12.12.2023
Dubai-based brokerage XTB has expanded investment opportunities for its clients in the United Arab Emirates (UAE) by opening access to fractional share
16.08.2023
XTB, a brokerage firm, has announced the addition of renowned financial markets analyst Hani Abuagla to its MENA team. Abuagla's extensive experience and
27.07.2023
Polish broker XTB has published its financial report for the first quarter of 2023, where it showed a decrease in net profit.In the period under review,
06.07.2023
Broker XTB announced the expansion of its investment offer for clients from the United Kingdom. Now investors from the UK have access to shares on the 15
29.05.2023
Brokerage company XTB announced a partnership with the Polish Self-Regulated Association of Individual Investors (SII) aimed at improving the standards of
Dynamics of XTB’s popularity among
Traders Union’s traders, according to 2023 data
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 vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal 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.
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.
XTB profile details$1
Minimum
deposit
1:500
Leverage
24/5
Support
| 💻 Trading platform: | MetaTrader 4 and xStation 5 |
|---|---|
| 📊 Accounts: | Standard, Swap Free |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Visa, Mastercard, Skrill, Neteller, wire transfer, SafetyPay |
| 🚀 Minimum deposit: | no minimum deposit |
| ⚖️ 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 | RoboForex | Eightcap | Exness | FreshForex | FxGlory | |
| Trading platform |
MT4, xStation 5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, MobileTrading, MT5 |
| Min deposit | $1 | $10 | $100 | $10 | No | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0.1 points | From 0 points | From 0 points | From 1 point | From 0 points | From 2 points |
| Level of margin call / stop out |
100% / 30% | 60% / 40% | 80% / 50% | No / 60% | 40% / 20% | 20% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | $30 | No |
| Cent accounts | No | Yes | No | No | Yes | No |
Broker comparison table of trading instruments
| XTB | RoboForex | Eightcap | Exness | FreshForex | FxGlory | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | No |
| Stock | Yes | Yes | Yes | Yes | Yes | No |
| ETF | No | Yes | No | No | 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 |
| Swap Free | 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 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
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;
Swap Free
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.
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.
XTB Educational Programs Review
Security (Protection for Investors)
Information
The financial regulator of X Trade Brokers is the Belize International Financial Services Commission (FSC). The broker's license number is 000302/438.
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
| Foundation date | 2002 |
| Registration address | 35 Barrack Road, 3rd Floor, Belize City, Belize, C.A. |
| Regulation |
FSC, FCA. CySEC Licence number: 000302/46, 522157, 169/12 |
| Official site | xtb.com |
| Contacts |
Email:
sales_int@xtb.com,
Phone: +357 257 25356, +48 222 739 976 |
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.
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.
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.
XTB Login: overview of the members area
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.
Disclaimer:
Your capital is at risk. Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.
Find out how XTB stacks up against other brokers.
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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.
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