XTB Review
4.8
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
XTB Broker provides a professional and personalized trading experience with its advanced technology, diverse range of tradable instruments, competitive pricing, comprehensive educational resources, regulatory compliance, and dedicated customer support.
Whether you are a beginner or an experienced trader, XTB Broker offers the tools and support necessary for a rewarding trading journey.
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Fast and free deposits/withdrawals
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Regulated globally, listed on Warsaw Stock Exchange
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Easy and quick account opening
Overview
Year founded
Minimum deposit
Withdrawal fee amount
Available Offerings
Platforms available
2002
0$
0$
Stock*, EFTs*, Forex, CFD, Crypto
Desktop, Mobile, Web
*Stocks and EFTs are tradable only in some of the countries
Account Opening
The account opening procedure at XTB is exceptionally fast and entirely digital, providing the convenience of a low minimum deposit requirement. A noteworthy aspect is that XTB offers a complimentary demo trading account with $100,000 virtual funds, enabling you to practice without any risk or obligations. It's important to note that the demo account expires after 30 days. XTB implements an inactivity fee of €10 per month after one year of trading inactivity, provided that no deposit has been made within the last 90 days. During the registration process, XTB automatically assigns a 'Standard' account to the user. However, if you are opening an account from outside of Europe, you also have the option to open a swap-free/Islamic account. This account type complies with Islamic law and does not charge swap fees. The process of opening an account with XTB is simple and entirely digital. The online registration can be completed in just 15 minutes. To open an account with XTB, follow these three straightforward steps. First, fill out your personal information. Next, provide financial details and answer a few questions about your financial knowledge and trading history. Finally, verify your identity and residency. You can upload a national ID card, passport, or driver's license as proof of identity, while utility bills and bank statements are accepted as valid proof of residency.
Safety
XTB is a brokerage firm that is subject to regulation by multiple financial authorities worldwide. One significant advantage of XTB is that it is listed on the Warsaw Stock Exchange, which ensures a high level of safety. As a listed company, XTB must adhere to specific regulatory requirements and provide regular and transparent financial statements. XTB is regulated by several reputable financial authorities, including the UK's Financial Conduct Authority (FCA), the National Securities Market Commission (CNMV), the Polish Financial Supervision Authority (KNF), the Dubai Financial Services Authority (DFSA), the Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission of Belize (IFSC). XTB conducts its operations through various legal entities across the globe, and the specific entity that serves you depends on your residency. The level of investor protection you are entitled to is determined by the country where the serving entity is located. Established in 2002, XTB is headquartered in Poland.
Risk Disclaimer
Trading securities carries a significant level of risk. When it comes to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is substantial exposure to various risks. These risks include, but are not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility. They can have a significant impact on the price or liquidity of a currency or related instrument. It is important to note that the methods, techniques, or indicators provided in these products may not necessarily yield profits, and there is a possibility of incurring losses. For more information on the risks associated with forex trading, please refer to further resources.
Summary
XTB stands as one of the largest and well-established CFD brokers available. In addition to offering CFDs, XTB provides the opportunity for most EU clients to invest in real stocks and ETFs, making it a reliable choice not only for traders but also for investors.
When it comes to user experience, XTB ensures a seamless journey with its easy account opening process, convenient and mostly free deposit/withdrawal options.
For investors, it's important to note the inactivity fee, which becomes applicable after one year of account inactivity. Furthermore, XTB's product portfolio may lack some popular asset classes such as options.
Overall, XTB offers a solid combination of features, catering to both traders and investors, while also emphasizing ease of use and accessibility.