XTB Review 2024 | Is XTB a Scam or Legit Forex Broker?
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3.7 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
40%
2.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
70%
3.5/5
Support
50%
2.5/5

Top alternative : OspreyFX


Is XTB safe? Yes XTB is a safe and secure broker. However, No broker is perfect, and XTB is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to XTB. So which brokers are better than XTB? Want to jump straight to the answer?

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Read our XTB review to find out if XTB is a scam or a reliable forex broker. Unbiased Forex brokers reviews that serve the interests of our users.

XTB Review and Analysis

Overview

XTB ReviewXTB is an online brokerage company dealing in FX and CFD, more specifically they offer Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s and even crypto trading. The company was established in 2002, though initially it was referred to as X-Trade.

Investor Protection & Regulations

{!TRADEABLE_PRODUCTS!}A collection of 3000+ trading instruments across six asset classes{!TRADEABLE_PRODUCTS!}XTB is regulated by 5 leading regulators and its members have an investment insurance cover

Tradeable Products

A collection of 3000+ trading instruments across six asset classes

Fees and Commissions

XTB fees and commissionsCompetitive fixed spread and commission based pricing. How you pay fees is different by account types. At standard account, you pay only spreads, while at PRO accounts you will pay commissions above the market spreads, i.e. the interbank spreads. We reviewed now the PRO account, the one with commissions.

Trading Platform

XTB trading platformTwo main platforms: MT4 and xStation5, both beginner friendly and available as desktop and web versionsTrade on the go with XTB mobile trading apps available on both Android and iOS devices

Account Types

A straightforward account opening process with an option to choose between a standard account and a pro account

Deposit and withdrawal

XTB Deposit and WithdrawalXTB provides a multicurrency wallet which traders can use to fund their accounts using cards, e-wallets or bank transfer

Usability

A broker with services suited to all types of traders

Customer Support

XTB customer supportReliable customer support service available across a convenient reach out means.

Education and Research

A library of videos and informative trading related articles suitable for all types of traders.XTB provides traders with powerful market research tools.

Overall Conclusion – Final Thoughts

XTB seems to really care about their clients and their customer support team is proven to be the most helpful and professional in the industry. A highly regulated broker

Broker's Features XTB Availability
Commissions
Hedging
PAMM
Scalping
Accepts US traders
24 hour trading
Swaps
Demo account
Daily analysis
Automated trading
Mobile trading
Trading by phone
1st deposit bonus
Forex contests competitions
Bonuses Promotions
Interest charges on the balance
Free education
Expert advisors
Partnership programs
Trust management
24 hour support

Latest News

xtb default news image
XTB Faces Spanish CFD Advertising Ban, Continues Operations

XTB, the largest Polish retail trading company, announced its continued operation in Spain despite new advertising restrictions on Contracts for Difference (CFDs) imposed by the Spanish National Securities Market Commission (CNMV). This decision ... 

comes after a detailed review of the CNMV's interpretative criteria on product intervention measures for CFDs and leveraged products, published on July 12, 2024. The CNMV's guidance prohibits advertising CFDs and similar products in Spain and XTB stated that it will comply with these marketing restrictions effective immediately.

Monday 15 July, 2024

People Also Asked

Is XTB regulated?
Yes, XTB is regulated by top-tier regulators, BaFin, CNMV, CySEC, FCA, IFSC inclusive.
Where is XTB based?
XTB is based in , United Kingdom
How does XTB make money?
XTB charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in XTB account?
With XTB you can deposit money via the following means; Credit Card, Neteller, PayPal, Skrill, Wire Transfer.
How do I withdrawal in XTB account?
XTB lets you request a withdrawal of funds from your account via the following means; Wire Transfer.
What is the minimum deposit for XTB?
XTB has $250 minimum deposit.
What are the available account base currencies with XTB?
XTB trading accounts are offered in EUR, USD, GBP, HUF. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in XTB?
XTB has a maximum leverage is 1:200 for professional traders.
Does XTB use MetaTrader?
XTB platforms: Yes, XTB use MetaTrader as well as the following platforms: MT4, xStation 5
What type of broker is XTB?
XTB appears to be a STP broker which offers market access to a variety of traders.
Does XTB accept US clients?
No, XTB does not accept US clients
Does XTB offers Islamic accounts?
Yes, XTB offers Islamic accounts
What financial instruments can I trade?
You can trade a wide variety of instruments with XTB: You can trade a wide variety of instruments with XTB: Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, ETFs

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