XTB Review 2019 | Is XTB a Scam or Legit Forex Broker?

Read our XTB review to find out if XTB is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.8/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
XTB
XTB Overview

XTB is an online brokerage company dealing in FX and CFD, more specifically they offer Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s and even crypto trading. The company was established in 2002, though initially it was referred to as X-Trade.

# Broker's Features XTB Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review XTB.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. XTB offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures.

Tradable Products: A collection of 3000+ trading instruments across six asset classes

Broker Type: Many types of brokers can be found in the most dynamic market in the world. XTB is STP.

Features: Interactive account management tools and leverage as high as 1:200 for elite traders

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. XTB recommended minimum capital is $0.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. XTB is regulated by BaFin, CNMV, CySEC, FCA, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: {!Products!}A collection of 3000+ trading instruments across six asset classes{!Products!}XTB is regulated by 5 leading regulators and its members have an investment insurance cover

Account currencies: Next lets consider the Account currencies each broker offers. XTB offers EUR, USD, GBP, HUF different account currencies for each account types.

Account Openning: A straightforward account opening process with an option to choose between a standard account and a pro account

XTB offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. XTB offers English, Spanish, Arabic, French, Italian, Portugu.

Payment methods: Next lets have a look at each broker's payment options. XTB offers Credit Card, Neteller, PayPal, Skrill, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: XTB provides a multicurrency wallet which traders can use to fund their accounts using cards, e-wallets or bank transfer

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, XTB makes MetaTrader 4, xStation 5 available to clients.

Web & Desktop Trading Platforms: Two main platforms: MT4 and xStation5, both beginner friendly and available as desktop and web versions
Mobile Trading Platforms: Trade on the go with XTB mobile trading apps available on both Android and iOS devices

Other

Trader Education
A library of videos and informative trading related articles suitable for all types of traders.XTB provides traders with powerful market research tools.

Promotions
Fair bonuses and promotions for XTB members and partners

Support
Reliable customer support service available across a convenient reach out means.

Recup
XTB seems to really care about their clients and their customer support team is proven to be the most helpful and professional in the industry. A highly regulated broker

Final Thoughts
A diverse selection of tradable securities, excellent customer service, and a unique proprietary trading platform suite, xStation 5, summarizes the highlights of XTB’s all-around competitive offering. Its weak spot is its mobile app.

Trading Experience
A broker with services suited to all types of traders

People Also Asked

Is XTB regulated?
Yes, XTB is regulated by top-tier regulators, BaFin, CNMV, CySEC, FCA, IFSC inclusive.
Where is XTB based?
XTB is based in N/A
How does XTB make money?
XTB charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in XTB account?
With XTB you can deposit money via the following means; Credit Card, Neteller, PayPal, Skrill, Wire Transfer.
How do I withdrawal in XTB account?
XTB lets you request a withdrawal of funds from your account via the following means; Wire Transfer.
What is the minimum deposit for XTB?
XTB has $0 minimum deposit.
What are the available account base currencies with XTB?
XTB trading accounts are offered in EUR, USD, GBP, HUF. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in XTB?
XTB has a maximum leverage is 1:200 for professional traders.
How do I open an account with XTB?
Opening an account with XTB is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does XTB use MetaTrader?
XTB platforms: Yes, XTB use MetaTrader as well as the following platforms: MetaTrader 4, xStation 5
What type of broker is XTB?
XTB appears to be a STP broker which offers market access to a variety of traders.
Does XTB accept US clients?
No
Does XTB offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with XTB: You can trade a wide variety of instruments with XTB: Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures