XTB Review 2022 | CFD and Forex Comments and Ratings

XTB Broker Review

Review By: Alan Little
Review Updated: 2021-02-22
Overall Ratings
4.6
XTB Fees
5
Trading Platforms
5
Mobile Trading App
4
Market Research
4
Customer Service
5

XTB broker features

Feature XTB
Minimum deposit: None
Withdrawal fee amount: Free over £60
Inactivity fee charged (Y/N): Y
Max leverage: 1:30
Spread from: 0.00001 pips
Number of instruments: +2,100
Year founded: 2002
Time to open account: 1-2 business days
Demo account provided (Y/N): Y
Countries of regulation: United Kingdom, Cyprus, Ireland, Poland
Products offered:

XTB pros and cons

Pros
  • Transparent and competitive pricing
  • 25 Crypto markets to choose from
  • Platform functionality and ease of trade execution
  • Great customer support
  • User friendly feel
Cons
  • Limited range of markets and instruments
  • Basic range of research materials

 

 

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Review Sections:

Who are FXTM?

Our XTB  broker review was carried out by an expert trader examining the platform, costs, instruments and benefits of trading with XTB. Founded in 2002, XTB has developed a loyal following by focusing on developing the nature of the relationship between broker and trader.  Although a relative newcomer XTB has grown to become one of the largest stock exchange-listed, forex and CFD brokers in the world.

XTB Broker Review | Homepage | We Compare Brokers

The trading platform is of the highest quality but also easy to use.   Being regulated and authorized by mainstream regulators ensures that the client focus and trading experience are based on solid foundations.  Our XTB Broker Review found that currently, XTB operates out of offices in the UK, Poland German, France and Turkey which demonstrates its leaning towards a European client base. This shouldn’t be taken as a signal that it is in any way parochial as it offers to trade in global markets with spreads as low as 0.1 pips.

Our XTB broker review is constantly being reviewed to ensure we are keeping it up to date.  If you have any insight personally on trading with XTB please share in the comments below for other traders, or if you see something that you think needs updating please let us know.

XTB Fees

5
Rating

XTB offer very competitive pricing; spreads on major currency pairs starting from 0.1 pips being a signal of their intent.

Trading Platforms

5
Rating

XTB provide account holders with the choice of two high end platforms.  MT4 from MetaTrader is tried and tested platform that is highly regarded by traders.  The proprietary offering, called xStation 5 has won a range of awards and meets the requirements of both new and experienced traders.

Mobile Trading App

4
Rating

The xStation app is available on iOS and Android operating systems though do note that the Live account app has greater functionality than the Demo account version.  Ensuring most of the desktop tools are available to mobile devices does result in a bit of a compromise and the mobile experience whilst comprehensive is a little bit clunky.

XTB Broker Review | Mobile Trading Charts | We Compare Brokers

Charting tools, indicators, account admin, research and order building are all available on the app. One neat touch is the sliding window at the base of each chart that helps traders to navigate to the time interval of their choosing.

As with the desktop platform, it’s when effortlessly executing trades that the platform provides the most joy and we were pleased to see the monitor showing detail of the order book is made available on mobile.

What do you think of our XTB Broker Review so far?  Please leave your feedback at the bottom of the review with any of your own XTB experiences that may help other traders make an informed choice.

Market Research

4
Rating

We found the Education tab of the xStation platform to be perfectly fine but by no means a stand out proposition. There are a range of quality training videos available, for example the 2019 Video Training Guide has tips on how to scalp the Dax, but the total range of coverage was not as wide as it could be.

XTB offer further resources on the Learn To Trade section of the XTB site but whilst they are not alone in prioritizing delivery of courses to beginners and intermediate traders, the fact that the Expert section is only ‘Available Soon’ highlights were the firms focus lies.

XTB Review Education | We Compare Brokers

The trader/account specific statistics did prove quite useful and would definitely be a tool that traders could return to again and again.  Found in the My Account section of the site they give a breakdown of trade history and metrics such as Number of Profitable Trades and Average Trade Duration.

XTB Broker Review | Historical Trade Breakdown Chart | We Compare Brokers

Upgrading to a higher ranking account gains access to a higher grade of research.  Those sticking with the standard range of research and learning materials will find them interesting and useful but unlikely to offer too much support on more advanced topics.

What do you think of our XTB Broker Review so far?  Please leave your feedback at the bottom of the review with any of your own XTB experiences that may help other traders make an informed choice.

Customer Service

5
Rating

Customer service support is available on a 24/5 basis. Help is provided in a range of languages and during our testing, response times were quick and answer quality high.  Looking at other means of communication, the Live Chat function stood out for us.  Agents we contacted through chats were informed, responsive and satisfied all our queries.   For those with issues that are not particularly time sensitive in nature there is the option of using email.

Address: Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom and

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