XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.
HEADS UP: Recent feedback about deposit and withdrawal – The details of depositing by wire transfer might be unclear for some of our users according to recent feedback we received. If you have problems, head to the ‘Deposit and withdrawal’ section of the review, where we explain how to make a free wire deposit to your XTB account under the section’s ‘Deposit and fees and options’ heading.
Disclaimer: 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.
XTB pros and cons
XTB charges low forex CFD fees and provides commission-free stocks and ETFs up to €100k monthly trade volume. Deposit and withdrawal are fast and mostly free, and multiple options are available including credit/debit cards and electronic wallets. Account opening is also fast and user-friendly.
On the negative side, XTB has a limited product portfolio, covering mostly CFDs, although real stocks and ETFs are also available for some European clients. Additionally, XTB charges an inactivity fee.
|• Low forex CFD fees, commission-free stocks/ETFs for some||• Product portfolio limited mostly to CFDs|
|• Free and fast deposit and withdrawal||• Inactivity fee charged|
|• Easy and fast account opening|
|🗺️ Country of regulation||UK, Poland, Cyprus, Spain, Belize, Dubai|
|💰 Trading fees class||Low|
|💰 Inactivity fee charged||Yes|
|💰 Withdrawal fee amount||$0|
|💰 Minimum deposit||$0|
|🕖 Time to open an account||1 day|
|💳 Deposit with bank card||Available|
|👛 Depositing with electronic wallet||Available|
|💱 Number of base currencies supported||5|
|🎮 Demo account provided||Yes
76% of retail CFD accounts lose money
|🛍️ Products offered||Real stocks and ETFs (only for some European clients), CFD (forex, equity, indices, crypto, commodity)|
|• Free stocks/ETFs up to €100k monthly volume||• Inactivity fee|
|• Low forex and stock index CFD fees|
|• Most bank transfer withdrawals are free|