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XTB Group review and ratings

Established 2004
Location UK Germany France Spain Poland Belize
Regulation FCA, BaFin, ACPR, CNMV, KNF, IFSC
Offices London, Frankfurt, Paris, Madrid, Lisboa, Warszawa, Praha, Bratislava, Bucuresti, Limassol, Istanbul, Santiago, Belize City
Broker type STP | ECN | DMA
Leverage up to 1:200 (1:30 for EU clients)
Deposit from 250 USD
Spreads low  low
Platforms MetaTrader 4 xStation
Instruments Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs
Funding methods Wire Transfer Credit Cards PayPal Skrill Sofort PaySafeCard SafetyPay

Company information

XTB Group includes several related companies.

XTB UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
XTB DE - located in Germany, regulated by the Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
XTB FR - located in France, regulated by the Autorite de Controle Prudentiel et de Resolution (ACPR).
XTB ES - located in Spain, regulated by the Comision Nacional del Mercado de Valores (CNMV).
XTB PL - located in Poland, regulated by the Komisje Nadzoru Finansowego (KNF).
XTB BZ - located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).

XTB Group also has offices in several other EU regions and is regulated there by local authorities.

Be aware, all EU companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

XTB Group accepts clients from all over the world, excluding USA and Canada.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

45+ Currency Pairs Based on major and minor world currencies.
25 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Litecoin, Ripple, Cardano, Stellar, EOS, IOTA, NEO, TRON.
35 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index, Volatility Index.
7 Metal CFDs Based on Gold, Silver, Aluminium, Nickel, Platinum, Zinc, Copper.
4 Energy CFDs Based on Crude Oil (WTI, Brent), CO2 Emission and Natural Gas.
7 Soft CFDs Based on Cocoa, Coffee, Corn, Cotton, Soybean, Sugar, Wheat.
3 Bond CFDs Based on US and German government securities.
1600+ Stock CFDs Based on shares of US, UK and EU companies.
80+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

XTB Group is a world leader in Forex and CFD trading. They started out as X-Trade in 2002, then subsequently went through a merger to become XTB in 2004. The broker is today headquartered in Warsaw, Poland. They have offices in over 10 countries all over the world, and are regulated by the largest financial regulatory authorities in the world, including FCA in the UK, as well as national regulators in a range of other European countries.

The broker has won countless awards over the years. Most recently, they achieved the ‘highest rated FX & CFD Broker’ of 2018, as voted by the Wealth & Finance International Awards, which definitely adds to the broker’s reputation as a reliable player in the industry.

Trading instruments offered by XTB Group include forex, and CFDs based on cryptocurrencies, stock indices, commodities, equities, and exchange traded funds (ETFs). The broker’s website also includes tables with constantly updated prices on all trading pairs, along with the respective spreads and daily percentage changes.

The broker offers a fairly standard selection of 28 different currency pairs to choose from, with leverage going as high as 1:200 for forex. In addition, there are CFDs available based on 21 commodities, 1,612 equities, 88 ETFs and 25 cryptocurrencies for clients to choose from. When it comes to crypto trading, however, available leverage is much lower, ranging from 1:4 to 1:5.

The trading platforms offered by XTB Group include xStation5 and MetaTrader 4 (MT4). xStation5 is unique to XTB Group and has won awards for its ease of use. Both xStation5 and MT4 are available in desktop and mobile versions to allow for increased convenience in trading, with xStation5 also being available on smartwatches, for traders who prefer an ultra-lightweight alternative on the go!

XTB Group offers two kinds of trading accounts – Standard or Pro, aside from their demo account. Standard accounts have floating spreads, variable leverage ratios, and minimum order requirements. There is also no commission for forex, indices, cryptocurrencies and commodities. For the Pro account, leverage is fixed at a maximum of 1:200, spreads start from 0.28 pips, and the minimum order size is set to 0.1 lot. There are also commission charges starting from USD 4 per lot for forex, indices, commodities, and cryptocurrencies.

Deposits and withdrawals can be done via a variety of methods such as bank transfer, credit and debit cards, and e-wallets. For bank transfer, fees may be incurred based on the third-party bank’s policies. Transaction fees for deposits only applies to the e-wallet services Paysafe and SafetyPay. XTB Group also only accepts USD for deposits, which means that funds deposited in another currency will be subject to exchange rate charges that must be covered by the client.

XTB Group processes payments in the SHA Model, and they will cover costs charged from the sending bank. However, clients who make withdrawals of less than USD 100 at a time will be charged an additional processing fee of USD 30.

Customer service is available via phone and email, as well as a chat function where clients can send in their problems together with their phone number to schedule a call-back. There is also a 24/5 support hotline available for traders who need urgent assistance.

XTB Group also provides market analysis and a trading academy with lots of materials for clients to study up on to improve their own understanding of events that drive the financial markets.

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