XTB Review 2021

by Mike Throttll last updated on June 15, 2020
Minimum Spread :   0.9
Foundation Year :   2002
Min Deposit :   $250
Broker Trusted Point+6
RECOMMENDED BROKER

XTB is an online broker that provides trading services to CFDs on 1500 + tradable instruments such as commodities, stocks, ETFs, indices, cryptocurrency, and forex pairs. The XTB Group operates the broker. The company was founded in 2004. The Cyprus Securities and Exchange Commission authorised and regulated the company with license number 169/12. The broker offers two accounts to their clients: Standard (spread-only) and Pro account (commission-based). Traders will get a small spread for both standard and pro accounts. 

The brokers offer high leverage to their clients. The leverage varies as per financial assets. Traders need to pay commission fees for trading over the XTB website. The broker’s customer support is available 24/5 for customers’ help. In addition, the broker provides its own trading platform, xStation 5 and xStation Mobile, to its clients. For further information, read XTB Review 2021 from the below article. 

Regulators CySEC and FCA
Trading fees class Low
Inactivity fee charged High
Withdrawal fee amount Available 
Minimum deposit zero
Islamic Account Yes
Time to open an account 1 day
Deposit with bank card Available
Depositing with electronic wallet Available 
Total Assets 1500+
Demo account provided Available 
Products offered Commodities, stocks, ETFs, indices, cryptocurrency, and forex pairs.

XTB Review Pros and Cons:

Pros

  • Access to 1500 tradable assets
  • Low forex fees
  • No costs deposition and withdrawal 
  • Quick account opening process

Cons

  • No MT 4 & MT 5 platform 
  • Limited fundamental data

Is XTB Review Scam: Regulations

XTB is a registered domain name of XTB Group. The broker is authorised and regulated by the Cyprus Securities and Exchange Commission in Cyprus ( license no: FRN 522157) and the Financial Conduct Authority in the UK (License no. 169/12). The XTB Limited is located at Pikioni 10, Building: Highsight Rentals Ltd, 3075, Limassol, Cyprus. The broker is not regulated by any bank authority. But the provider keeps the clients money in segregated accounts.  

XTB Review Trading Account Types

The broker offers two types of accounts to their clients, such as Standard account and Pro account. Both retail and professional clients can access this account. Traders may not be required to deposit any minimum deposit for opening an account on the broker’s website. Collect complete details about both Standard And Pro accounts from the bullet points mentioned below. 

Standard Account

  • Minimum Deposit: $0
  • Execution type: Market
  • Tradable assets: 1500+
  • Maximum Leverage: 1:30
  • Minimum spread: 0.00008
  • Negative Balance Protection 
  • Minimal Order: 0.01 lot
  • Automated trading available
  • Account setup free
  • Trading Platform: xStation 
  • Commission applied on FX, Indices, & Commodities
  • Stocks not available
  • Stocks CFDs & ETF CFDs: commission starts from 0.08% per lot. 

Pro Account

  • Minimum Deposit: $0
  • Execution type: Market
  • Tradable assets: 1500+
  • High Maximum Leverage 
  • Minimum spread: 0.00008
  • Negative Balance Protection 
  • Minimal Order: 0.01 lot
  • Automated trading available
  • Account setup free
  • Trading Platform: xStation 
  • Commission applied on FX, Indices, & Commodities
  • Stocks available
  • Stocks CFDs & ETF CFDs: commission starts from 0.08% per lot. 

A demo Account

A demo account is available for practising trading. The broker provides you with infinity virtual funds for sharpening your skills. Here traders will experience a similar environment as live trading accounts. A demo account is beneficial for both professionals and beginners. Professionals can use this account for testing their new strategies before applying them on a live platform. 

An Islamic Account

An Islamic account feature is available on the XTB brokers website. Traders need to submit a request after opening an account on the broker’s website to access these features. This feature is majorly offered for sharia law followers. Investors need not pay swap charges on this account.  

XTB Review Account Opening

Traders can open an account on the broker’s website without paying any minimum deposition fee. Click on the “Create Account” button available on the Homepage of the website. Follow the steps given below to create an account on the broker’s portal.

  1. Click on the “Create Account” button available on the website. After that, a new page will open on your device screen. 
  2. Now enter details such as email address, country code and click on the “Next Step” button.
  3. After this, you need to enter your personal details such as first name, last name, Phone number, password. After completing this, the broker will ask you to pick one account as per your requirements. 
  4. On the next page, the broker will ask questions related to your past trading experience. It would be best if you answered all the questions asked by the broker.
  5. Now deposit funds in your trading account and start trading.

XTB Review Trading Platform

xStation 5 Trading Platform 

The broker offers an award-winning trading platform, xStation, to clients. This platform provides you with superior execution speed. This trading platform is User Friendly. Traders can access this account on their PC and Mac. In addition, traders can run this trading platform on Chrome, Firefox, Safari and Opera. Investors can download this platform in a different version from the broker’s website. On this platform, you can access different chart analysis, timeframe and various other features. 

XTB Review Mobile Application

xStation mobile application allows you to trade from anywhere across the world. Traders can download xStation mobile applications from the broker’s website. This application supports both Android and iOS devices. Investors can download this platform from Google Play stores, but iOS device owners need to install this application from the broker’s website.  

XTB xStation 5 Trading Platform

XTB Review Trading Instruments

Forex : 48 Forex pairs are available for trading, including EUR/USD, EUR/GBP, and others.

Indices : 35 indices CFDs are present on the brokers website such as UK 100, DE30, US30

Commodities : 21 commodities CFDs are available on the broker’s website such as Gold, Silver, Oil, and Others.

Stocks CFDs : CFDs are present on more than 1500 equities for trading like AAPL.US, AMZN.US, BARC.UK, and others.

ETF CFDs : a Wide range of ETFs are available for trading like SPY.US, URA.US, and others.

Cryptocurrency CFDs : Major bitcoin is available such as Bitcoin Cash, Bitcoin CFDs, Ripple CFDs, and others. 

XTB Review Commission & Spreads

Commission and spreads are dependent upon the account your pick and services you obtain from the broker. For example, suppose you perform forex and indices trading with the Pro account, then you will get competitive spreads. Whereas if you perform ETF and equity trading, you need to pay a high commission to the broker. So must select the account types and instruments according to the commission and spread offered by the XTB brokers. 

XTB Review Leverage

The maximum leverage provided by the broker is 1:30 for a standard account. Traders must use leverage carefully, and even professional traders will experience losses due to high leverage. But leverage will help you to enhance your trade size. 

XTB Market Sentiment

XTB Review Deposit and Withdrawal

The broker sets no minimum deposit. Traders can start trading according to their budget on the XTB online portal. The broker only accepts payment in these currencies, such as EUR, USD, GBP, and HUF. Traders can deposit and withdraw funds through various sources such as Paypal or Skrill. Traders need to pay a charge of 2% for transactions done through an e-wallet. 

XTB Review Educational and Research Support

A wide range of educational material is available on the broker website. The broker provides you with videos and articles on trending topics. The broker also provides an online Academy for beginners as well as professionals. The online Academy is divided into four categories such as Basic, Intermediate, Expert, and Premium. Professionals may also take benefits of these education materials for updating their knowledge. 

XTB Trading Academy

XTB Review Customer Support

Traders can contact them through email, phone calls, and live chat. The broker customer support is available 24/5 for clients’ help. The broker’s support term supports multilingual languages. The broker office is situated at Pikioni 10, Building: Highsight Rentals Ltd, 3075, Limassol, Cyprus. Check here the Contact details of the XTB broker from here. 

  • Phone number:+35725725352
  • Address: Pikioni 10, Building: Highsight Rentals Ltd, 3075, Limassol, Cyprus.
  • Email: [email protected]

Final Verdict:

The XTB is a trading name of XTB Limited. The broker offers trading services over 1500+ CFDs on forex, commodities, stocks, indices, ETFs, and cryptocurrency. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). Traders can pick any one account from two given options, such as Standard and Pro account. Candidates can take advantage of small spreads and high leverage. Investors can register on the broker’s website through their website. Customer Support services are available 24/5 for customers’ help. Collect complete details about XTB Review 2021 from the article.

You can also explore other popular brokerage firms compared to XTB like Capixal, ABinvesting, Brokereo.

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