XTB trading online was founded in 2002 with the name of X-Trade. It then rebranded to XTB Online trading in 2009. The company has been a leading CFD and Forex online trading platform since its inception. It has been publicly listed on Warsaw Stock Exchange since 2016.
XTB offers a limited market and product range but does so with a competitive cost that makes it a highly attractive platform. It offers products in the range of Stock CFDs, Forex, Indices, Cryptocurrency, and Commodities.
XTB comes with good security features as it has an in-house built trading platform. XTB is also a highly regulated entity as it is listed on the Warsaw Stock exchange and regulated by top-tier regulated authorities like FCA in the UK.
We have compiled a comprehensive review of XTB products and trading platforms to help you get things going, especially if you’re just starting out.
Quick Wrap up
XTB is a regulated and listed company with great account security features for its clients. It offers services through its various international online platforms. It offers a curated list of markets and products, which can be expanded. Its commission and spread costs are largely on the lower side. However, it does not offer services to US clients. Its stock CFD fees can be made lower too.
XTB offers a built-in trading platform X Station 5 for its users. The platform offers standard online, desktop, and mobile versions for its users around the world. It is user friendly and customizable platform.
XTB is also regulated by many top-tier financial regulatory authorities in Europe including FCA and KNF. It offers further financial security as it is listed on the Warsaw Stock Exchange.
XTB online trading offers services to most countries in Europe. It does not offer services to US clients currently. Its range of products includes stocks, Forex, Indices, ETFs, Commodities, and Cryptocurrencies. The number of products varies by the country of user registration though. It offers low pricing with tight spreads and valuable margins that make it a competitive trading platform globally.
Account opening and availability
The account opening with XTB online trading is fully online. It offers services through 18 online sites dedicated to its EU, non-EU, Middle East, Latin Americas, and some Asian countries. It currently does not offer services to US clients. Canadian customers can register through the French online trading platform only.
XTB is available for most European and International countries. Some notable absences are the US, Australia, New Zealand, India, Pakistan, and Singapore.
XTB currently offers STANDARD ACCOUNT type that comes with no minimum initial deposit. Its commission on CFDs and Stocks starts at 0.08%. It offers an option of Islam Account for the Middle East and Non-EU clients. The account comes with the same features except it doesn’t offer Cryptocurrency and offers a fixed Commission structure.
XTB online also has an institutional liquidity and risk management solution for its corporate clients X Open Hub Pro. For simplicity, we have reviewed XTB’s online trading platform for individuals.
You can open a Demo account to get hands-on experience with the X Station 5 trading platform.
Products and markets
XTB online trading offers 4000+ markets and products to choose from. It is a CFD and Forex online trading platform historically. For most clients in the UK and international users, it offers mostly CFDs and Forex products. However, many EU clients can now invest directly in real stocks as well.
XTB Online Trading offers a limited and curated list of products as following:
- Currency Pairs – 48
- Indices CFDs – 42
- Stock CFDs – 1800+
- Stocks – 2500+ only available in selective countries.
- ETF CFDs - 110
- Cryptocurrency - 25
- Commodities - 22
XTB comes with a modest range of products. Some notable exceptions are Bonds, Mutual Funds, Securities, and Futures. Cryptocurrency products are unavailable with Islamic account. The FCA has also announced to ban cryptocurrency products in the UK recently.
XTB offers good leverage starting with 1:10 on stock CFDs, which very much a standard today. However, users cannot change the default leverage levels by themselves.
XTB offers competitive spreads and margins for most products. There are several account deposit and withdrawal options too. We can divide the fee structure for an online broker in trading and non-trading account fees.
Account Management and Non-Trading Fee
Here are some key points to note with XTB account opening and non-trading fee structure:
- Account Opening is free with no minimum deposit condition.
- No account Deposit fee through Bank transfers, Debit / Credit Cards.
- 2% fee for deposits through PayPal and Skrill for UK / EU residents. and Non-Residents. 1% on Skrill for Non-Residents of UK / EU.
- No fee on PayPal and Skrill for EU residents (non-UK).
- Free Withdrawals on a minimum of $100 for the UK, €100 for EU, and $50 International transactions.
- An Account inactivity fee of € 10 per month on dormant accounts for over 12 months.
Now let us analyze the trading fees of XTB.
|Stock exchange||Commission per side||Minimum charges|
|Market||Min. value of one lot||Min. spread||Leverage|
XTB also charges for standard Foreign currency conversion if your base account currency isn’t supported.
Security and regulations
XTB has its headquarters in London and Warsaw, it was established in 2002. It has evolved a lot since then and has become an established broker in the CFD and Forex trading marketplace. The brand reputation aside, online traders always look for security features that secure their investment.
As for the trading platform usage security, X Station 5 does NOT offer two-factor authentication for login. It is a certain drawback for a leading online broker as it has become an industry-standard feature these days.
XTB is a regulated and publicly listed company, to its advantage, it has several security features that make it secured for its international users.
- XTB Online Trading is listed on the Warsaw Stock Exchange since 2016.
- It offers a negative balance protection feature.
It is regulated by:
- The Financial Conduct Authority (FCA) in the UK.
- the Cyprus Securities and Exchange Commission (CySEC)
- the Polish Financial Supervision Authority (KNF)
- the National Securities Market Commission (CNMV) of Spain
- the International Financial Services Commission of Belize (IFSC).
The regulatory authorities offer investment money protection. The investor protection amounts vary by the regulatory authority though. For example, users registered under the FCA enjoy investor money protection of up to £ 85,000.
The only drawback with the XTB online platform is the lack of its banking license. For an established entity like XTB, a banking license would have added to its stature of regulatory security.
XTB has its built-in trading platform X Station 5. It comes with supported versions of browsers and desktop. It has a dedicated mobile app for both IOS and Android users as well.
XTB Open Hub Pro also embeds the industry-leading trading platform MT4. The Integration of MT4 creates further flexibility for traders with a familiar user interface.
Let us discuss some key features of the X Station 5.
Account creation and log in with X station 5 are easy and fully integrated across platforms that creates simplicity and usefulness for traders. XTB has a simple one-step log-in, which is great for ease of use but a potential drawback as a security feature.
The first look at the XTB platform can be overwhelming. It comes with a lot customization and navigation tools that make the traders’ job easy. Its basic window can be divided into three different views of Charting, Market Watch, and the bottom module of Terminal.
Charting and Tools
XTB comes with customization and search features to create flexibility for its users. You can customize the existing chart with different tools. You can also add new charts easily. It offers several technical indicator tools to create further customization.
Placing Trade Orders
Placing a trade order is simple and intuitive with several options available. Overall, the first look of X Station 5 is clear and user-friendly with a lot of customization tools.
With X Station 5, you can place the following trade order types:
- Market order
- Limit order
- Stop-loss and trailing stop loss orders
- Good till time order
X Station 5 comes with 19 languages supported for its international users including:
- Arabic, Bulgarian, Czech, English, French, German, Italian, Spanish, Polish, Turkish, and Thai to name a few.
Creating order and market alerts with ease is a key feature of the X Station 5. You can set market and order alerts and notifications for email, SMS, and push notifications. Reviewing portfolio history and fee reports is another pivotal feature for performance analysis. You can utilize the portfolio reports to increase trading efficiency with a plethora of technical trading tools available.
Overall, the X Station 5 comes with a lot of useful tools such as search, different modules, fundamental, technical tools, portfolio reports, and alerts. It also has simple one-step login; however, users prefer a two-factor authentication these days.
Deposit and withdrawal
Unlike its major competitors, XTB does not offer free withdrawals on all transactions. But its major deposits and withdrawal transactions are largely free of additional costs from XTB.
Account Deposit options for UK clients are:
- Bank Transfers
- Credit and Debit cards – MasterCard, Maestro, and VISA
- E-Wallets – Skrill, and PayPal
International Users can use pay safe, safety pay, and NETELLER as funds transfer options as well.
Clients in the EU region can use the funds deposit options as:
- Bank Transfers
- Credit and Debit cards – MasterCard, Maestro, and VISA
- E-Wallets – PayPal, Skrill, PayU, ecommpay, and paydoo.
XTB offers account withdrawal through bank accounts only. Users can withdraw the amount through a bank account under their name. XTB offers 5 base currencies to choose from, it can be a great cost-saving option for international users.
There is NO withdrawal fee for a transaction of above $ 100. If you withdraw less than $100, it will incur a $20 fee per transaction. You can receive the funds within the same business day if you initiate the transfer before 1 p.m.
Customer support and education material provide useful features for learners and new account users. Getting familiar with a new trading platform like X station 5 can take time and users may need technical support promptly.
XTB offers customer support through:
- Phone Calls
- Live Chat
The support is available 5 days a week for all EU clients, the 24/7 support feature is for non-EU clients only.
A great feature of XTB support is its wide range of International languages support. It offers customer support in various languages including English, Arabic, French, Spanish, Hungarian, etc.
XTB has comprehensive education and training material on its online platform. It provides a useful learning experience for new traders as well as clarity over its platform to experienced traders.
Here are some key features of the XTB platform’s education material:
- Choice of Demo Account to learn and familiarize with X station 5.
- Platform Educational videos and tutorials.
- General videos on trading fundamentals.
- Educational material on fundamental and technical indicators.
- Articles, blogs, videos, and recorded sessions of webinars.
- Live webinars.
- Categorized education material by topic or by trader experience level.
Overall, XTB offers great learning material through its various sections. It offers a great learning curve for new users of XTB.
Things we like
XTB is an established online trading platform known for CFDs and Forex trading services. It has evolved well over time and comes with several benefits over its competitors.
Here are some of the key features that we liked in XTB.
- It is a listed company with a brand reputation for online trading in CFDs and Forex.
- It is regulated by several regulatory authorities including the top tier one like the FCA in the UK.
- It has a user-friendly and intuitive built-in trading platform, X Station 5.
- Users can also use the familiar MT4. Both platforms support browser, desktop, and mobile applications.
- It has low and competitive spreads on most of the products.
- It comes with a wide range of language support and 5 base currencies for international users.
- It offers comprehensive education material and occasional live webinars.
Things we wish to see
Although XTB is a well-known online trading platform since 2002, it lacks some key features too.
Here a few important features that we wish to see from XTB.
- It needs to expand services to the US, Australia, and other key regions.
- The markets and product options are limited as compared to some of its competitors.
- The option to buy real stocks is available for limited clients only.
- It lacks the basic security feature of two-factor authentication.
- A banking license would add to its stature and security.