XTB
Pros and Cons
Pros
- Regulated by FCA and CySEC
- Diverse range of trading instruments
- Commission-free trading on CFDs
- User-friendly xStation 5 trading platform
- 24/5 customer support with multilingual assistance
Cons
- Limited account type options
- Withdrawal fees for amounts below $50
- Monthly inactivity fee after 365 days
- No support for MetaTrader platforms
- Spreads may widen during low liquidity periods
Basic Information
User Reviews
XTB Overview
XTB Limited, founded in 2011 and headquartered in the United Kingdom, is a well-established forex broker regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). With over a decade of operational experience, XTB has built a reputation as a reliable trading platform within the forex industry, offering a secure environment for traders to engage in their financial activities. The broker is known for its commitment to compliance and client protection, ensuring a transparent trading experience.
Is XTB Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Investor Compensation Scheme |
Is XTB Regulated and How Are Client Funds Protected?
XTB is a regulated forex broker, overseen by reputable authorities including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC). This regulatory status ensures a higher level of trust and safety for clients. Client funds are protected through various measures such as segregated accounts, which keep client money separate from the broker’s operational funds, and participation in compensation schemes that provide additional security in the event of broker insolvency. XTB’s commitment to compliance and client protection reflects its dedication to offering a trustworthy trading environment.
Trading Products and Services
What trading instruments does XTB offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH | Many |
XTB offers a diverse range of trading instruments designed to cater to various trading styles and preferences. With categories such as Forex, Commodities, Indices, Stocks, and Cryptocurrencies, traders can engage in multiple markets, enhancing their portfolio diversification. This variety supports different types of traders, whether they are beginners seeking to learn or professionals looking to implement advanced strategies. The extensive selection allows users to adapt their trading approaches based on market conditions, making XTB a versatile platform for forex trading and beyond.
Account Types and Trading Conditions
What Account Types and Fees Does XTB Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | All traders, including beginners and experienced | No minimum deposit requirement, commission-free trading | Suitable for various trading strategies and styles |
Account Opening Process
To open an account with XTB, traders must complete several steps. Initially, personal information must be submitted, including full name, date of birth, and contact details. Next, employment information is requested, which may include occupation and employer details. Additionally, financial information is required to assess the trader’s experience level and trading objectives. Identity verification is essential, requiring documents such as an identification card and proof of address. The account opening process is streamlined, allowing users to upgrade to a professional account later if desired, based on trading volume and experience.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 1.0 | $0 | Competitive spreads for major pairs |
| CFDs (Stocks) | 1.5 | Variable | Dependent on liquidity and market conditions |
| CFDs (Indices) | 1.2 | $0 | Varied by index |
| Cryptocurrencies (BTC/USD) | 1.0% | $0.1 | Variable depending on volatility |
Other Fees
In terms of additional costs, XTB charges no fees for deposits, providing a seamless funding experience. However, there is a withdrawal fee of $5 for amounts below $50. An inactivity fee of £10 applies if no transactions occur within 365 days. Furthermore, overnight interest or swap rates may apply to positions held overnight, and currency conversion fees of 0.5% are enacted on relevant transactions.
Trading Platforms and Apps
What Trading Platforms and Apps Does XTB Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| xStation 5 | Windows, macOS, iOS, Android | Secure login, multiple order types, real-time alerts, technical indicators | Demo account, API interface |
| Web Version | Any device with a web browser | Encrypted login, symbol lookup, push notifications | Demo account |
| Mobile App | iOS, Android | Biometric login, price alerts, one-click trading | Demo account |
The xStation 5 platform offers a comprehensive trading experience suitable for various trader needs, with robust analytical tools and a user-friendly interface. The web version allows for trading across devices without the need for downloads, ensuring flexibility. The mobile app provides traders with the convenience of managing their accounts on-the-go, equipped with essential trading features and secure login options. XTB emphasizes security through encrypted connections and offers demo accounts to help users familiarize themselves with the platform.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, EUR, GBP |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $20,000 | USD, EUR, GBP |
| e-Wallet (e.g., PayPal) | Instant | No platform fee, 1.5% charge | Min $50, Max $20,000 | USD, EUR, GBP |
| Crypto Transfer | Variable | No platform fee | Min $50, Max $20,000/day | USD, EUR |
Minimum Deposit
XTB requires a minimum deposit of $0 to open a Standard Account. This requirement is uniform across payment methods and does not vary by account type or region.
How to Withdraw
- Log in to your XTB account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, adhering to the limits set by XTB.
- Confirm your withdrawal request.
- Monitor the status of your withdrawal in the ‘Transaction History’ section.
Customer Support
XTB Customer Support Overview
Support Channels
XTB provides several contact methods to assist customers effectively. Traders can reach out via:
- Email: Customers can send inquiries to uksales@xtb.com for assistance.
- Live Chat: An instant messaging option is available on their website, allowing for quick support responses.
- Telephone: Customers can call XTB at +44 203 695 3086 for direct support.
- Social Media: XTB maintains a presence on platforms like Facebook, enabling users to connect and receive updates.
Service Availability
XTB’s customer support is available 24 hours a day, five days a week (24/5). This allows traders to get help during most trading hours. Furthermore, multilingual support is offered, ensuring assistance in various languages, enhancing the overall customer service experience.
Additional Resources
XTB provides valuable educational resources to help traders enhance their knowledge and skills. These include video tutorials, webinars, and comprehensive market analysis. Such resources are designed to support users in making informed trading decisions, contributing to a more enriching experience with the broker.
Frequently Asked Questions
Yes, XTB is a regulated forex broker overseen by reputable authorities, including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC). Client funds are protected through measures such as segregated accounts, which keep client money separate from the broker’s operational funds, and participation in compensation schemes for additional security in case of broker insolvency.
XTB offers a diverse range of trading instruments, including Forex pairs, Commodities, Indices, Stocks, and Cryptocurrencies. This variety allows traders to engage in multiple markets, supporting various trading styles and strategies.
XTB primarily offers a Standard Account with no minimum deposit requirement and commission-free trading on CFDs. Trading fees include competitive spreads, with specific costs varying by product. For instance, the spread for Forex (EUR/USD) starts at 1.0 pips, while withdrawal fees apply for amounts below $50.
XTB provides multiple contact methods for customer support, including email at uksales@xtb.com, live chat through their website, and telephone support at +44 203 695 3086. Customer support is available 24 hours a day, five days a week, and offers multilingual assistance.
Best United Kingdom Forex Brokers & Reviews (2026)
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.
