XTB review
XTB broker
The company X-Trade Brokers, also known as XTB, originates from Poland. It was founded there in 2002. According to reviews and user ratings on the internet, the XTB broker is suitable even for complete beginners, as it has no minimum deposit, the application is not complicated, and it offers a wide range of tools and trading assets such as stocks, ETFs, forex, commodities. XTB operates in thirteen countries worldwide. It is currently also one of the leading European brokers.
Regulation
Broker regulation gives its clients a guarantee of protection of their funds, which are insured against the bankruptcy of the company.
In the case of XTB, this is up to the amount of EUR 22,000. The broker also segregates clients' funds into a separate account. This increases security by separating them from the broker's own funds.
It is subject to regulation by a total of ten European authorities. Broker regulation gives its clients a guarantee of protection of their funds, which are insured against the bankruptcy of the company. The broker also segregates clients' funds into a separate account. This increases security by separating them from the broker's own funds.
Education
XTB also holds many educational webinars and provides extensive material on investing and trading. This trading platform is supervised by several financial authorities, including CySEC, KNF, FCA, and IFSC, which increases the credibility of the XTB broker. It allows users to trade more than 1,500 investment assets. If you are interested, you can read our detailed review of the XTB broker. Based on our experience, we have tested XTB mainly from a trading perspective.
W-8BEN form for dividends
For those focusing on dividend investments, XTB provides its clients with the W-8BEN form. This form allows for a reduction in the taxation of dividends from US stocks from the standard 30% to 15%. It is important to check the current terms and services offered by XTB, as they may vary depending on jurisdiction and legislative changes. It is advisable to contact customer support for assistance.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | ECN, MM, STP |
| Customer support |
|
| Deposit from | 5 EUR/USD |
| Spreads | 0.9 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2002 |
| Web | www.xtb.com |
| Location | Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom (company number 07227848). |
| Phone | +44 2036953085 |
| uksales@xtb.com | |
| Country | Poland, Cyprus, UK |
XTB broker
The company X-Trade Brokers, also known as XTB, originates from Poland. It was founded there in 2002. According to reviews and user ratings on the internet, the XTB broker is suitable even for complete beginners, as it has no minimum deposit, the application is not complicated, and it offers a wide range of tools and trading assets such as stocks, ETFs, forex, commodities. XTB operates in thirteen countries worldwide. It is currently also one of the leading European brokers.
Regulation
Broker regulation gives its clients a guarantee of protection of their funds, which are insured against the bankruptcy of the company.
In the case of XTB, this is up to the amount of EUR 22,000. The broker also segregates clients' funds into a separate account. This increases security by separating them from the broker's own funds.
It is subject to regulation by a total of ten European authorities. Broker regulation gives its clients a guarantee of protection of their funds, which are insured against the bankruptcy of the company. The broker also segregates clients' funds into a separate account. This increases security by separating them from the broker's own funds.
Education
XTB also holds many educational webinars and provides extensive material on investing and trading. This trading platform is supervised by several financial authorities, including CySEC, KNF, FCA, and IFSC, which increases the credibility of the XTB broker. It allows users to trade more than 1,500 investment assets. If you are interested, you can read our detailed review of the XTB broker. Based on our experience, we have tested XTB mainly from a trading perspective.
W-8BEN form for dividends
For those focusing on dividend investments, XTB provides its clients with the W-8BEN form. This form allows for a reduction in the taxation of dividends from US stocks from the standard 30% to 15%. It is important to check the current terms and services offered by XTB, as they may vary depending on jurisdiction and legislative changes. It is advisable to contact customer support for assistance.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | ECN, MM, STP |
| Customer support |
|
| Deposit from | 5 EUR/USD |
| Spreads | 0.9 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2002 |
| Web | www.xtb.com |
| Location | Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom (company number 07227848). |
| Phone | +44 2036953085 |
| uksales@xtb.com | |
| Country | Poland, Cyprus, UK |
Pros
Offers real stocks
Regulated by FCA (U.K.) and Cysec
Video content and Webinars for clients
XTB is a trusted brand founded in 2002
Cons
Does not accept U.S. clients
Fewer deposit and withdrawal options
Licences and regulation
Broker XTB is authorized and licensed by a number of regulatory bodies around the world, including:
- XTB Limited - FCA (UK) registration no. 522157
- XTB Limited - KNF (Poland)
- XTB International Limited (XTB) - FSC (Belize) License No.: 000302/46
- XTB Sucursal - CNMV (Spain)
Environment and platform
It offers its customers the popular xStation 5 platform. It allows access via computer, tablet, and also mobile phone. At the same time, you don't have to download or install anything thanks to the convenient Web Access system. All you need is your internet browser to trade. You can use the advanced charts and technical analysis to make effective trades.
The xStation 5 is characterised by its intuitive operation and high variability, and is therefore especially suitable for more experienced users. Advanced options for setting up charts or market commentary are also an advantage.
The VPS or Virtual Private Server service also has a number of advantages. This allows for the continuous running of all necessary operations, while also providing remote access from anywhere. The broker provides this alternative free of charge for all those who gain volume above ten lots per month. You can then have reports on the latest developments regarding your trades sent to you continuously via email.
You can trade around the clock, five days a week. However, the high liquidity of CFDs in this case is also balanced by a higher risk, and you should keep this in mind during your time on the markets.
What to trade with at XTB
You can trade stocks, commodities, currency pairs, ETFs and stock indices with a total of more than 3,000 instruments via CFDs through the broker. This is with spreads starting from 0 pips, which can also be both variable and fixed, with leverage of 1:30. The minimum transaction volume is then 0.01 lots.
Types of trading accounts at XTB
You can currently create one account. Setting up is free, as is subsequent maintenance. The account provides maximum leverage up to 1:30.
Standard Account
With an account called STANDARD, you will have a full range of all instruments. XTB offers real shares from 2020 onwards without a fee. Trading takes place on their award-winning xStation 5 or xStation mobile platform, where you can trade CFDs on Forex, cryptocurrencies, stock indices, commodities, stocks and ETFs from all over the world. xStation 5 is characterized by its intuitive controls and high variability, so it is especially designed for more experienced users. Advanced options for setting up charts or market commentaries are also an advantage. In addition to devices, the platform can also be used in a smartphone version.
Demo account
XTB also allows interested parties to try out all of the above account types in demo account mode. The main disadvantage is the limited time you can keep this account open. This is only for 30 days.
Otherwise, you can test your trading skills, check the functionality of different strategies and try out the possibilities of trading platforms. In case you need to use this option, you can make a request to customer support and have your trial account balance adjusted.
Deposits and withdrawals
You can deposit to all account types using three payment methods. The first is the classic account transfer, XTB also allows payment by card. The last option is the online wallet - PayPal. The advantage of the last option is that it is completely free.
You can make deposits in euros, dollars or even Czech crowns. On the other hand, you can withdraw money by logging into your profile or by calling the customer service line.
Customer service
XTB has its own training academy. This consists of online lessons to help beginners get up to speed and overcome many problems. You will also learn the basic principles of both platforms and learn how to operate them. The academy series is also available for those who have already taken their first steps in the world of trading, but still welcome the opportunity to learn something new.
It is also possible to register to participate in online webinars. These are also broken down by level. They can be used by complete beginners to gain their first experience, but advanced users can also gain new knowledge.
Customer Support
In case you need to resolve any discrepancies or can't find answers to your questions on the website, the broker also provides 24/7 customer support, five days a week, in English of course. In addition, the services of an investment specialist are also available to you.