3.7 / 5
Rating breakdown
Things we didn't like:
XTB has limited product portfolioAccount opening is is quick, but the sales team can be very pushy
24/7 customer support is also missing
Why would you want an alternative to XTB?
Considering an alternative to XTB may be prudent due to specific limitations. XTB no longer supports MetaTrader 4 and has never supported MetaTrader 5, which could be restrictive for traders who prefer these widely used platforms for their advanced features and familiarity. Additionally, XTB does not offer copy trading, despite recently launching XTB Social, a new social trading service, which limits options for traders interested in replicating successful strategies. Moreover, the custom investment basket tool on the xStation 5 platform has been temporarily discontinued, reducing functionality for traders who utilize this feature. Furthermore, while XTB has introduced XTB Social, it is currently only available in Poland, limiting access for traders outside this region.
What other users do not like about XTB
XTB TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, XTB has currently 1.1k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 3.60/5.00.
Main Complains according to the Users' Reviews
- There is NO DATA PROTECTION for clients
- It doesn't have 2FA / MFA
What to look for in a XTB Alternative?
When seeking an alternative to XTB, prioritize brokers that support MetaTrader 4 or MetaTrader 5 if you prefer these platforms for their advanced features and extensive community support. Look for brokers that offer robust copy trading platforms if you are interested in replicating the trading strategies of successful traders. Ensure that the alternative broker provides a comprehensive and reliable trading platform with essential tools and features, including investment basket tools or similar functionalities for diversified trading strategies. Consider brokers that offer accessible and widely available social trading services to enhance your trading experience and opportunities. By focusing on these aspects, you can find a broker that better aligns with your trading preferences and offers a more comprehensive and supportive trading environment compared to XTB.
Best XTB alternatives – forex brokers like (or better than) XTB
4.2 / 5
Rating breakdown
Things we liked:
AvaTrade has low trading feesThe account opening is user-friendly and fast
It offers a lot of deposit and withdrawals options free of charge
Things we didn't like:
The product portfolio is limited as it offers only CFDs, forex, and cryptosThe research tools are limited
AvaTrade Overview
Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.
4.0 / 5
Rating breakdown
Things we liked:
XM has low trading feesThe account opening is user-friendly and fast
Lots of educational tools
Things we didn't like:
XM has a limited product portfolioThe research tools are limited
It charges inactivity fees
XM Overview
XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.
4.0 / 5
Rating breakdown
Things we liked:
Quick account setup process.Access to the advanced MT5 trading platform.
Commission-free trading across all account types.
Things we didn't like:
Limited selection of tradable instruments compared to industry leaders.Higher minimum deposits required for VIP and Elite accounts.
Bullwaves Overview
Bullwaves is a Forex and CFD broker established in 2023, offering access to over 250 tradable assets across various markets, including Forex, indices, commodities, shares, metals, and ETFs. The firm provides trading services through the MetaTrader 5 (MT5) platform, catering to both novice and experienced traders. With a minimum deposit requirement of $250, Bullwaves aims to make trading accessible to a wide audience. The broker is owned by Equitex Capital Limited and is regulated by the Financial Services Authority (FSA) of Seychelles.