XTB Review 2024: Unlock Your Trading Potential

XTB is a well-known trading platform that offers access to thousands of global markets. This covers all financial instruments, such as indexes, commodities, cryptocurrencies, and stocks and currency.

We examine the platform’s rankings for fees, markets, spreads, payments, leverage limitations, customer service, and much more in this XTB analysis.

XTB Broker Overview

Aspects Details
Company name XTB
Minimum deposit $0
Trading platform xStation5
Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto
Account currencies USD, EUR, GBP
Bonus offer No

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Leading online CFD broker XTB provides access to more than 2,000 instruments through its robust proprietary platform, xStation 5. Forex, stocks, indices, commodities, cryptocurrencies, and commodities are all available for trading. We examine the broker’s trading spreads, demo account offerings, mobile apps, customer service, and more in this 2024 XTB review.

Pros and Cons of XTB Broker

Pros

Cons

  • 0% commission on all supported markets
  • Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
  • One of the best high-leverage brokers (up to 1:500 available)
  • The highly advanced trading suite that comes packed with analysis tools
  • Free demo account with $100,000 in paper trading funds
  • No minimum deposit requirement
  • Regulated by authorities in the UK, Cyprus, Spain, Poland, and Belize
  • CFDs only – so traders do not own the underlying asset
  • Does not accept US clients
  • No support for MT4 or MT5

Assets and Products

As you have reviewed the Pros and Cons already, now have a look at the assets they are offering for trading.

CFDs

First and foremost, it’s crucial to understand that contracts-for-differences (CFDs) are used to trade all supported products on XTB. This indicates that the underlying asset that traders are trading is not their own. XTB is known as the best CFD broker.

Rather, CFDs on XTB only follow the asset’s price. CFDs give traders the option to go long or short on the market of their choice, as this XTB review delves into further detail later. Additionally, traders can use leverage when speculating with CFDs.

That being said, certain nations—including the US—do not offer CFDs.

Forex

One of the greatest forex day trading platforms is XTB. It covers a wide range of majors, minors, and exotics with its support for 57 forex pairings. The most traded pairs are USD/GBP, EUR/USD, and EUR/GBP. Micro-lots are available for purchase and sale on XTB, making it a good option for thrifty merchants. Moreover, XTB offers extremely competitive forex spreads.

Stocks

In addition to being among the top FX brokers, XTB has an extensive stock trading division. The website offers close to 2,000 international stocks from various markets. More than 1,000 NYSE and NASDAQ equities are included in this, representing well-known businesses like Apple, Tesla, Amazon, and Disney.

Indices

Indices are an additional means of gaining exposure to equities on XTB. Thirty indexes are supported by XTB in a variety of foreign marketplaces. For example, traders can use XTB to speculate on the ASX200, but specific Australian companies are not supported. Likewise, XTB provides a range of Asian market indices. This covers Korea, Japan, and India.

ETFs

Even though long-term investors frequently use ETFs, they can also be traded like CFDs. According to our analysis of XTB, the platform offers close to 160 ETFs from various markets. As an example, iShares supports several ETFs, such as the Automation & Robotics UCITS and MSCI All Country Asia Japan.

The iShares Core US Aggregate Bond ETF is also supported. This allows investors to make assumptions about the potential worth of US-issued bonds without actually acquiring them. The ARK Fintech Innovation is another well-liked ETF available on XTB. Exposure to a variety of up-and-coming businesses and movements, including DraftKings, Shopify, Coinbase, Block, and Robinhood, is provided via this.

Commodities

One of XTB’s advantages is that CFDs are among the greatest techniques for trading commodities. Ultimately, there is no requirement to purchase or hold the underlying commodity, unlike futures.

There are 28 commodities supported at XTB. This covers aluminium, copper, gold, palladium, platinum, silver, and zinc within the metals category. When it comes to energy, XTB includes everything from natural gas to crude and WTI oil. XTB can be used for trading soft commodities as well. Cotton, corn, wheat, sugar, and soybeans are among them.

Cryptocurrencies

Based on our analysis of XTB, 48 cryptocurrency pairings are supported by the platform. Every supported cryptocurrency is based on worldwide spot market prices and linked with the US dollar. This contains some of the greatest altcoins in addition to Bitcoin. Solana, Stellar, Ethereum, BNB, and EOS are a few examples.

There are two advantages to trading cryptocurrency CFDs on XTB. Traders can first speculate on both increasing and falling prices by entering a buy or sell order. Second, leveraged trading is available for all supported cryptocurrencies.

XTB Fees

Trading Fees

Commissions

There are no commissions associated with trading on any of the supported markets on XTB. This indicates that spread-only trading is used to execute trades.

Spreads

The market spread, or the difference between the ask (sell) and bid (buy) prices, is how Spreads XTB gets revenue. We discovered that spreads are variable, which means that the state of the market affects them.

Having said that, XTB makes available the minimal spreads for each supported maker, enabling us to evaluate how competitive they are. Major pairs such as EUR/USD and GBP/USD, for instance, have a minimum spread of only 0.1 pip. Given the 0% commission structure, this is even more competitive.

Overnight Finance (Swap Fees)

The consideration of overnight finance, commonly referred to as exchange fees, is crucial. This is because XTB specialises in CFDs, which incur fees every day the order is available.

Once more, the type of asset being traded will determine the exact overnight financing rates. Fees are also influenced by the size of the entire position and the level of leverage used.

Additionally, swap fees depend on the trader’s position in the market—long or short. For example, short sellers will earn a rebate if long traders pay swap costs, and vice versa.

Non-trading fees

Withdrawals and deposits 

There are no fees associated with making a bank wire or debit/credit card deposit. However, there is a 1%–2% deposit fee associated with e-wallets. This includes Neteller, SafetyPay, and Skrill.

Withdrawals from XTB are fee-free unless the cashout amount is less than $50. There will be a $30 fee in this case.

Inactivity 

If the account is designated as dormant, XTB will incur an inactivity fee. This is the situation following a year of idleness. XTB will then take $10 out of the trading account every month after that.

Until the trader opens a position or the account balance hits zero, this will keep happening. To prevent inactivity costs, it is advisable to take the entire amount out.

Trading Platform

XTB provides xStation5, a proprietary trading platform of its own. Web browsers and popular investment apps for iOS and Android can access the platform. Additionally, xStation 5 is available for download as desktop software for Mac and Windows. The same tools, features, and functionality are provided by all three choices.

XTB Account Types

XTB provides retail customers with two types of accounts.

There is the typical account first. Commission-free trading is included and spreads on EUR/USD begin at 0.1 pip. A minimum deposit is not necessary. Both scalpers and day traders will find this option appealing.

The swap-free account is the alternative. Even though there are no commissions here, the spreads are larger. Having said that, traders can hold positions overnight with this form of account without having to pay swap costs. This will work well for long-term trading methods like swing trading. There is no minimum deposit needed for the swap-free account.

Furthermore, XTB provides professional accounts. These are intended for seasoned traders who fulfil specific qualifications.

Regulations

XTB is regulated by several financial organisations through licences. This comprises:

  • Financial Conduct Authority (FCA) of the United Kingdom.
  • The Cyprus Exchange and Securities Commission, or CySEC.
  • In Poland, the Komisja Nadzoru Finansowego (KNF).
  • Financial Services Commission in Belize.
  • Spain’s Commission Nacional del Mercado de Valores.

Depending on where they live, users may be subject to a different governing authority. For instance, CySEC covers clients across the European Union other than Poland and Spain. On the other hand, people who are not in the UK or Europe will be under the jurisdiction of Belize’s Financial Services Commission.

Alternative To XTB

There are many brokers available in the market. But, before choosing any broker such as XTB, you need to compare with some other brokers to make the right decision. In this section, we will compare XTB with Plus500+ and XM brokers.

XTB Plus500+ XM
Tradeable Symbols: 6010 5500 1429
Forex Pairs: 57 65 55
Social Trading: Yes No Yes
Average Spread EUR/USD – Standard: 1.07 0.8 1.6
Inactivity Fee: Yes No Yes

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Final Thoughts

XTB provides a licenced and low-cost platform for trading leveraged CFDs. There are no trading commissions on stocks, ETFs, indices, cryptocurrencies, commodities, or FX, and leverage of up to 1:500 is offered.

Overall, XTB is a reliable broker for various trading options.

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