XTB Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76-83% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XTB is a top-tier broker for forex and CFD trading, offering a wide range of instruments, competitive spreads, and strong educational support. It is an excellent choice for both novice and experienced traders.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Extensive Range of Instruments: XTB offers 57 forex pairs and 6,010 tradeable symbols, significantly above the industry average.
- Highly Trusted: With a trust score of 96, XTB is highly trusted by the forex community.
- Educational Resources: Offers both advanced and beginner education videos, making it suitable for all levels of traders.
Cons
- No MetaTrader Support: No longer supports MetaTrader 4 and never supported MetaTrader 5, which might be a limitation for some traders.
- No Copy Trading: While XTB recently launched a new social trading service, XTB Social, it does not provide any copy trading.
Ratings Summary
- Investment Types - 9.5/10
- Commissions & Fees - 8.5/10
- Trading platforms - 9.0/10
- Research - 9.0/10
- Mobile Apps - 9.0/10
- Education - 8.5/10
- Overall - 9.1/10
Can I trust XTB?
Yes, XTB can be trusted. It is a publicly traded company (WSE: XTB.PL), authorized by the Financial Conduct Authority (FCA) in the UK and regulated under MiFID via Cyprus' CySEC license. XTB's high trust score of 96, as reported by ForexBrokers.com, indicates a high level of trust within the forex industry.
XTB is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Financial Conduct Authority (FCA) and Securities & Exchange Commission (CySEC)
- Tier-2 Regulators - Financial Sector Conduct Authority (FSCA) and the Dubai Financial Services Authority (DFSA)
- Tier-3 Regulators - None
- Tier-4 Regulators - International Financial Services Commission (IFSC) of Belize, and Seychelles: Financial Services Authority (FSA)
Is XTB good for beginners?
Yes, XTB is a good choice for beginners. It offers comprehensive educational resources, including both beginner and advanced education videos. Its strong rating in education and beginners' resources indicates it is well-suited for those new to trading.
| Feature |
XTB
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | No |
XTB commissions and fees summary
XTB offers competitive commissions and fees, making it a highly recommended choice for investors. It does not require a minimum deposit, offers active trader or VIP discounts, and has an average spread cost for the EUR/USD pair of 1 pip, which is just below the industry average of 1.08.
| Feature |
XTB
|
|---|---|
| Minimum Deposit | $0 |
| Average Spread EUR/USD - Mini | 1.00 |
| Average Spread EUR/USD - Standard | 1.00 |
| All-in Cost EUR/USD - Active | 1.00 |
| Active Trader or VIP Discounts | No |
XTB trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
XTB provides a robust selection of trading platforms and tools, making it a highly recommended broker for investors. With high ratings for platforms and tools, XTB offers a stellar proprietary platform but no third-party applications like MetaTrader 4 or MT5.
Trading platforms offered: XTB offers its proprietary platform, xStation 5.
Trading tools: The broker provides comprehensive trading tools suitable for various strategies.
MetaTrader: After discontinuing MT4 for new customers, XTB does not offer any MetaTrader platform.
Copy trading: XTB does not support copy trading.
| Feature |
XTB
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
XTB trading platform screenshots
Mobile trading apps at XTB
XTB's mobile trading apps are highly recommended. They have a strong rating and offer comprehensive functionalities that make trading on the go efficient and user-friendly.
| Feature |
XTB
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
XTB mobile app screenshots
How do I open an account with XTB?
- Visit the XTB website and click on the "Open Account" button.
- Fill out the registration form with your personal information.
- Verify your identity by providing the required documents.
- Fund your account using the available funding methods.
- Start trading once your account is verified and funded.
What can I trade at XTB?
XTB offers a comprehensive range of trading instruments, including 57 forex pairs and a total of 6,010 tradeable symbols, significantly exceeding the industry average of 3,623 tradeable symbols.
| Feature |
XTB
|
|---|---|
| Tradeable Symbols (Total) | 6100 |
| Forex Pairs (Total) | 71 |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
XTB research screenshots
Account funding at XTB
XTB supports various funding methods, including bank wires, Neteller, credit cards, Skrill, and PayPal. Note that funding methods may vary depending on your country of residence.
| Feature |
XTB
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About XTB
XTB, founded in 2002, is a globally recognized broker known for its extensive range of trading instruments and robust educational resources. As a publicly traded company on the Warsaw Stock Exchange (WSE: XTB.PL), XTB is regulated by several authorities, ensuring a high level of trust and reliability in the financial industry.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.