XTB Review: Features, Pros, Cons, and More 2024!

XTB is a forex and CFD broker that provides online trading services globally. Based in Belize, it is regulated by top regulatory authorities including  CySEC, FCA , KNF, IFSC. XTB offers 5800+ trading instruments, including Forex, Indices, Commodities, Cryptocurrencies, Stocks and ETFs.  It supports popular trading platforms and tools such as  xStation5 and xStation Mobile

Though XTB is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at XTB, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether XTB is the right broker for your trading needs and preferences.

What is XTB?

Founded in 2002, XTB is an exchange-listed forex and CFD broker with headquarters in Poland and offices in over 13 countries. The broker offers more than 5,500 forex, CFDs as well as real stocks and ETFs for trading on its proprietary platforms. XTB boasts of over 800,000 clients from all over the world.

Key Features:

• Applicable For: Applicable to traders of all jurisdictions including CySEC, FCA , KNF, IFSC
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies, Stocks and ETFs 
• Trading Platforms: xStation5 and xStation Mobile
• Minimum Deposit:  $0
• Maximum Leverage: 1:30
• Trading Fees:Only Spread is charged (No Commission). Variable spreads from 0.35 pips. A rollover commission is applied on open positions overnight.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 50 Lots 
• Funding Currencies: USD; EUR; GBP; CZK; HUF; PLN; RON; TRY; CLP
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 30%
• Margin Call Level: 50% 
• Negative balance Protection: Yes 
• Investor Protection:  No investor protection is Available. 

XTB Pros and Cons

Pros:

• Regulated by  FCA, FSC, KNF, DDM-M, DNMV,
• The Minimum deposit is as low as $1
• The Maximum Leverage is as high as 1:500
• Allows scalping, EA/Robot Trading, News Trading 
• Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
• 0% commission on stock and ETF trading (only applicable to some EU countries)
• Traders  can enjoy commission-free trading with spreads as low as 0.25 pips

Cons:

• XTB does not offer  cTrader, MT4/MT5, or Ninja Trader which are the most popular platforms in the world 
• No passive investment programme ( PAMM, MAM Accounts) 
• Withdrawal fees for transfers below $100 or €200
• Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
• Complex trading platform for a beginner
• CFDs only – so traders do not own the underlying asset

Our Ratings for XTB:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

XTB Ratings and Reviews from Trustpilot:

XTB has earned a rating of 3.5 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

XTB Ratings and Reviews from Forex Peace Army:

XTB has achieved an average rating of 2.97 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Final Verdict:

XTB is a regulated forex and CFD broker that offers its trading services to traders and investors worldwide. It provides a wide range of trading instruments, including Forex, Indices, Commodities, Cryptocurrencies, Stocks and ETFs.. The broker’s spreads start from as low as 0.35 pips, and it offers high leverage (up to 1:30) and a low minimum deposit (as low as $0). With top-tier regulations, a variety of trading instruments, high leverage, low minimum deposit, fast execution, and flexible account types, XTB can be a good choice for many traders.

However, the broker does not accept US clients. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, XTB does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives. 

If you are a forex and CFD trader looking for a trusted broker, XTB can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.