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XTB

Company XTB Limited
Website
Broker type MM / ETF
Minimum deposit No
Regulations KNF, FCA
Discount -

Average rating

View ratings
9.6
Total average

9.6/10

Credibility ( 9.8 )
No problems with withdrawals. No suspicious practices.
Customer Service ( 9.5 )
Contact with the support. Deposit/withdrawal process. Reliability.
Offer ( 8.8 )
Level of spreads and commissions. Product Range.
Platform ( 10 )
Ease of use, fast execution, reliability.

Description

XTB is a Polish Forex broker operating in the market since 2005. The broker is also a recipient of numerous awards naming it as one of the best brokers in its class for Eastern Europe.

It is regulated not only by the Polish Financial Supervision Authority (KNF), but also by the British Financial Conduct Authority (FCA). In addition to the very popular MetaTrader platform, the broker also offers a great platform called XStation. It offers various accounts with spreads starting from 0.8 pips.

XTB offer

The broker has a very wide offer that goes well beyond the Forex market. In total, XTB offers over 5,000 different instruments, ranging from Shares to cryptocurrency contracts.

Stocks

At XTB, we can buy physical shares, just like in a traditional brokerage house. What’s more, we have access to shares of over 2,000 companies from 16 trading floors around the world, from countries such as:

  1. Belgium
  2. Czech Republic
  3. Denmark
  4. Finland
  5. France
  6. Spain
  7. Netherlands
  8. Germany
  9. Norway
  10. Poland
  11. Portugal
  12. United States
  13. Switzerland
  14. Sweden
  15. Great Britain
  16. Italy

We are talking about the main trading floors from the above countries, i.e. NYSE, WSE, LSE or Euronext. What companies can we buy on these exchanges? They are rather companies with slightly more liquidity, so we do not have access to the entire offer of the above-mentioned exchanges. Nevertheless, from among more than 2,000 entities, it will certainly be possible to find interesting assets, such as Apple, CD Projekt, Amazon or BMW.

It is worth mention that XTB does not charge a commission on trading stocks. At least till your monthly turnover exceed 100 000 UER. Transactions above this limit will be charged a commission of 0.2% (minimum 10EUR).

CFDs

CFD products are a specific type of instrument (full name is Contract For Difference). It means that when buying a CFD contract, we do not actually buy a specific asset, but we make a bet to change its price.

What is important with this type of instruments is the trading leverage. It allows you to conclude much larger transactions using much less capital. It is worth adding that it is a double-edged weapon, which allows you to maximize profits with small movements of the asset, as well as a very quick loss of the deposited capital. In the case of XTB (as well as other European brokers), there is negative balance protection. It means that as a result of a failed transaction, we cannot lose more than we paid to the broker’s account.

Forex

XTB operates in the Market Maker model, which means that the broker himself animates the market on which we trade and is therefore the other party to the transaction. Offers access to over 50 currency pairs. According to information from the website, the spreads start at 0.8 pips on the most liquid pairs. It is also worth adding that in XTB we have the option of trading micro lots, and in addition, the broker does not impose a minimum deposit amount.

Indices

Stock indices are baskets of shares created by individual stock exchanges, most often they are the largest companies from the entire stock exchange (eg. SP500) or a given sector. In this way, indices give us exposure to the entire market of a given country, reducing the risk of worse results of a given company.

XTB gives you the opportunity to buy these types of indices in the form of CFDs. We can trade over 20 indices from countries such as the USA, Germany and China.

Commodities

Commodities in the form of CFDs, giving exposures, inter alia, for Gold, Silver, Oil and Corn. At XTB, you can trade more than 20 instruments of this type.

ETFs

An ETF (exchange-traded fund) is an exchange-traded fund that is listed on an exchange. They are generally characterized by lower management costs (commissions). They allow for investments in specific markets, industries or sectors of the economy, giving exposure to, for example, gold mining companies or the largest dividend companies.

Over 200 ETFs from all over the world are available at XTB. As with shares, the broker does not charge a commission on transactions up to a monthly turnover of EUR 100,000.

Costs and commissions

Keeping an account with XTB is free, and most of the costs are charged when concluding transactions.

The cost of payments to the account is 0, and we can make them by regular transfer, using popular payment gateways or card payments. It can vary depending on your location and currency.

Withdrawals are also free.

In the case of CFD products, spreads are calculated at the time of trading, just like in a traditional exchange office. Also, if you hold CFD positions overnight, you may incur additional fees in the form of SWAPs.

However, when trading stocks and ETFs, the broker does not charge any commission for the monthly turnover of EUR 100,000.

 

Is XTB safe?

Yes, the XTB broker is one of the largest in Europe and has the necessary licenses, incl. KNF and FCA.

What is the minimum deposit on XTB?

XTB does not set a minimum deposit that you must make to start trading.

What can you invest in on XTB?

XTB offers access to CFD products on currencies (forex), indices, stocks, commodities and cryptocurrencies. Additionally, it also offers trading in common stocks and ETFs.

Is the account in XTB free?

Yes, the broker only charges commissions on the transactions concluded.

RevTeam

Specifications

Company XTB Limited
Website
Broker type MM / ETF
Leverage 1:200
Minimum deposit No
Negative balance protection Stop out - 30%
Regulations KNF, FCA
Trading platforms MetaTrader, Xstation
Payments Credit/Debit Cards, Wire Transfer, PayPal, Skrill
EUR/USD Spread from 0
Min lot 0.01
Country Poland/UK
Established in 2004
Number of instruments 2100+
Discount -

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XTB - Reviews (6)

9.8
Partial ratings
Credibility:9
Customer Service:10
Platform:10
Offer:10

Really good support and offer, especially for stocks! I recommend their 0 fee stocks offer.

Plusses
  • Good stocks offer
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

Recommend! Really good offer also for stocks, not only currencies.

Plusses No plusses
Minors No minors
Posted on
10.0
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:10

Pretty good broker. Fast payouts and good support. Lots of trading instruments, including CFDs on stocks. Their xStation platform is also really good.

Plusses No plusses
Minors No minors
Posted on
8.8
Partial ratings
Credibility:10
Customer Service:9
Platform:10
Offer:6

Nice broker with good customer service and great trading platform (xStation). The only drawback is quite high spreads.

Plusses
  • xStation 5 platfrom
Minors
  • High spreads
Posted on
9.8
Partial ratings
Credibility:10
Customer Service:10
Platform:10
Offer:9

Nice offer but spreads are a bit too high. Except that everything is looking good for last 6 months. I can recommend this broker.

Plusses No plusses
Minors No minors
Posted on
9.0
Partial ratings
Credibility:10
Customer Service:8
Platform:10
Offer:8

I like their xStation platform. Its really nice and working great! Offer is also quite good so I decided to try XTB.

Plusses No plusses
Minors No minors
Posted on

Submit your own review

No problems with withdrawals. No suspicious practices.
Contact with the support. Deposit/withdrawal process. Reliability.
Level of spreads and commissions. Product Range.
Ease of use, fast execution, reliability.

 

I confirm that this review was written based on my own experience and was not solicited in any way by any broker.

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