XTB was founded in 2002 and is headquartered in Warsaw, Poland. The XTB Group has entities in different jurisdictions, authorised and regulated by bodies such as the UK Financial Financial Conduct Authority, the International Financial Services Commission in Belize, the Cyprus Securities and Exchange Commission, the Komisja Nadzoru Finansowego in Poland and the Comisión Nacional del Mercado de Valores in Spain.
The broker offers two core trading accounts called Standard, Pro in XTB UK, and Islamic accounts with a maximum leverage of 1:500 on accounts opened with XTB International based in Belize. This will vary on accounts opened in other jurisdictions. Users can trade on 1,500+ CFD instruments covering Forex, Indices, Commodities, Stocks, ETFs and Cryptos with zero commission on the Standard Account on non-Stock and ETF CFDs.
Traders are offered the globally-recognised MetaTrader 4 trading platform as well as XTB’s proprietary-based, yet feature-rich xStation 5 platform for web and mobile. The platform offers in-built trading calculators, an economic calendar, multiple order types and access to market sentiment indicators.
Both beginner and advanced traders may find the broker’s online Trading Academy of great value as it covers a variety of course topics for all levels. XTB also runs the Online Trading Master Class live stream event on YouTube where ten expert speakers share their strategies and offers 24/5 customer support.
| PROS: | CONS: |
| Multiple regulations including IFSC, FCA and CySEC.1,500+ instruments to trade on, covering multiple asset classes.Feature-rich, web-based proprietary xStation 5 trading platform.Impressive range of education and research resources.Commission-free trading available. | Only bank wire withdrawals.Deposit fees for e-Wallets (free for wires and debit cards). |
General Information
Regulated By:CNMV in Spain, CySEC, FCA, IFSC, KNF
Foundation Year:2002
Headquarters:Warsaw, Poland
Min Deposit:$0
Max Leverage:1:500
Publicly Traded:Yes
Deposit Options:Credit Card, Neteller, PayPal, Skrill, Wire Transfer
Withdrawal Options:Wire Transfer
Tradable Assets:Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures, Options
Trading Platforms:MT4, xStation 5
Commission on Trades:No
Fixed spreads:Yes
Trading Desk Type:Market Maker, STP
OS Compatibility:Desktop platform (Windows), Desktop platform (Mac), Web platform
Mobile trading:Android, iOS
Accepts US Clients:No
I also fell a victim to this scam broker. They kept on asking me to deposit more money. Then they stopped picking up my calls and doesn’t reply my mails. loosing more money.