XTB Review 2020

This is my unbiased XTB review.

XTB is one of the best-known forex brokers across the globe and has been in the forex industry since 12 years already.

Broker’s Rating:


Trading Costs, Spreads 4.8
Trading platforms (MT4.MT5) 4.8
Customer support 4.8
Trading experience 4.5
Education for traders 4.8


  • 48 currency pairs
  • Instant market execution (No price requotations)
  • 59 milliseconds is average trade execution (super fast)
  • high quality free traders education
  • 30 day trial account with virtual 10.000 USD
  • Variable spread ranging from 0.1 pips
  • Islamic Accounts (SWAP Free)
  • xStation5 + MetaTrader 4
  • Maximum leverage 200:1
  • Personal manager who helps with trading


  • Focused mostly on forex
  • No welcome bonuses
  • No cTrader / MT5

XTB at a glance

The headquarters of the company is located in London United Kingdom and in Warsaw, Poland and is registered by many financial authorities in the major European Union countries and of course by Cyprus CYSEC.

Main facts

Trader's rating:
More information:
Minimum first depositno minimum
Demo accountyes available for 30 days but can be prolonged if you wish
Max. Leverage200:1 for Wordlwide traders
30:1 only for EU traders
RegulationFCA U.K.
Noactivity feesNone
Deposit feesNone
Withdrawal feesNone
Number of currency pairs49 currency pairs
Spread for EURUSDstarting from 0,2 Pips variable OR at 2 Pips fixed
Stocks1600+ stocks (costs: 0.12% or 4.99$ minimum fee)
CryptocurrencyBitcoin, Ethereum, NEO, ZenCash, Cardano, Ripple, DASH, Litecoin, Stellar
(costs: for STANDARD account only SPREAD for PRO account 4.99$ per LOT)
Trading platformsxStation5 (webtrader) / Metatrader4 / + Apps
ScalpingYES allowed
Customer serviceExcellent quality (Arabic, English, German, Dutch, Chinesse, Japanesse, Hungarian, Czech, Slovak, Romanian)
BonusesNone at the moment
More information:

XTB Trading Accounts

You have a choice between two types of business accounts.

1.Standard Account

XTB Broker offers 2 different types of business accounts where basic account is called STANDARD, and trading account for advanced traders is called PRO.

These are primarily different in trading opportunities and spread rates.

The basic type of account you can choose for XTB is Standard Business Account (Standard) is ideal for traders who want to benefit mainly from low spreads. You get this type of account, variable FLOAT and at least 0,1 pips! Spreads may temporarily expand as a result of increased market volatility. With this kind of account, you need to go without the guaranteed loss stop command.

2. PRO Account

PRO account (PRO) is primarily targeted at intermediate and advanced traders. The orders are transferred directly to the liquidity pool so clients always benefit from the best bid on the fx market. Our review of XTB shows that the spread on this type of account is extremely low, and that’s about 0.28 points (pip). Plus commision per lot is around 3.5$ for PRO account.

We do recommend you to open STANDARD account and work with xStation 5 which we find the best combination for most traders based on our test experience!

Visit XTB

81% of retail investor accounts lose money when trading CFDs with this provider.

XTB Fees

During the broker review we have figured out that XTB broker is one of the cheapest CFD brokers worldwide! Their trading fees are generally low and when compared with their peers, there are none no-trading fees. Read below.

Trading fees:

Occur during trading.

  • Average commision on EUR/USD currency pair is 0.2 Pips
  • Typical overnight fee on $7.94 ( for Islamic accounts it is $0)

Non-trading fees:

Occur during depositing, withdrawing your money or staying away of trading.

  • Depositing fee: None
  • Withdrawal fee: None for withdrawal of amounts over $100
  • Inactivity fee: None

XTB trading platforms

1. xStation5

The XTB broker offers its client a web-based trading platform (not required to install on a computer) called xStation 5.

xtb xStation5 webtrader platform (Click on image to enlarge full screen)

2. Metatrader 4 (MT4)

In addition to the xStation web platform, it is also possible to take advantage of their Metatrader 4 platform, which is now recommended by every professional who can get the best possible real time charts and real time prices.

3. Mobile trading

If you prefer “off-the-field” traffic using your smartphone, XTB currently offers a fast and easy-to-use mobile app for both Android and iPhone with great customer ratings on Google Play and iTunes.

XTB demo account

To test what platform you offer, of course you have an XTB demo account, but beware, for a limited time of 30 days! So, not for an unlimited period of time, as is the case with other brokers. This is a bit strange, but on the other hand it forces you to try the basic features and start trembling with real money.

Maximum leverage

This broker has seat in the United Kingdom and is regulated by the FCA (Financial Conduct Authority) therefore falls under the MiFID2 regulatory,  that means the maximum leverage available for European traders is 30:1 (according to MIFID2 ESMA rules), but if you reside outside of EU signing up under XTB’s international entity can open door for 200:1 leverage!

Is XTB safe?

XTB is indeed a very safe broker. As far as we learnt during the review, they take all regulations very seriously.

XTB is also regulated by several top regulators.

XTB Ltd. is regulated by the UK FCA.

Protection of your money 

First of all, XTB protects your money by keeping your funds on segregated bank accounts which means away from the money that company itself needs to run.

Secondly, XTB clients fall under FSCS (Financial Compensation Scheme) in case the company goes belly up (become insolvent) you will be 100% protected up to £50,000 per person by the FSCS fund!

Is XTB scam?

XTB is definitely NOT a scam. How could it be? It is one of the most solid brands in this industry.

Again read the previous paragraph where we explain FSCS fund and most importantly about regulation.

XTB account opening

First of all, if you are unsure you can test on demo account first.

Overall we can say that the real trading account opening at XTB was hassle free and quite fast.

Deposit fees and options

XTB will not charge you any deposit fees.

There are several options how to transfer money into your trading account. Some options may not be available in all countries.

  • Wire bank transfer (slowest but recommended for large amounts)
  • Credit/Debit card
  • Paypal
  • Skrill


During the account opening process, you will need to fill in the KYC (know your client) formular questions that are required by law.

Account verification

Account verification should be easy to do.

All you will need is:

  1. scanned copy of any utility bill (invoice for mobile phone, electricity, water, gas or any service not older than 3 months)
  2. scanned identity card or Passport (both sides).

XTB Minimum Deposit

Min.deposit depends on country where you live. For example in Central Europe there is no required minimum deposit, but in some countries like Spain the min deposit is $1000.

XTB deposit withdrawal review

During this review of XTB, we were able to withdraw our profit of $200 back to the original bank account. Money arrived within 2 working days.

Countries served

You can open an account with XTB if you are from any country except the following countries which are BANNED: USA, Canada, Syria, Iraq, Iran, North Korea, South Korea, Pakistan, Singapore, Japan, Libya, Bosnia Hercegovina, Afghanistan.

Customer support

Our very short experience with XTB has confirmed that the business platform itself is at a high technical level.

Prices during the test were stable, we did not see any price requotes, platform freezing or other technical complications that are common with smaller brokers today.

We tested the quality of customer support, by placing a simple question over email. It was also a surprisingly professional client center. For questions, support can be contacted via live chat or free phone line. We also have a positive experience with customer support through e-mail communication, where we have answered all the questions in a straightforward and factual way (unlike some other brokers)

If you first need to convince yourself of the broker’s qualities, we recommend trying a free demo account – All features can be used without limitation for 30 days. We did not like this so we would prefer to have an unlimited demo account!

Beginners and professionals can find a wealth of information about what the XTB platform can do and how it trades in a large educational section where we found a vault full of  recorded webinars and seminars, the extensive stock exchange vocabulary will also be available in a short time.


“Based on our thorough review we rank XTB broker as an outstanding CFD forex trading platform!”

We recommend you XTB.



XTB proved to be very serious and reliable during our test with a robust and stable trading xStation5 platform. I found the xStation webtrader very user friendly, easy to navigate. Anyone can grasp all the functions in a very short time without a steep learning curve.

Those who want to connect  EA Expert Advisor or any other automatic trading system can of course use xtb’s Metatrader 4.  As I said already, I do recommend you xStation5 webtrader together with  a “Standard account”.

Trading conditions on this platform are well above their peers , the speed of execution was super-fast . one the biggest competitive advantage are relatively low trading costs.

Client support was quite knowledgeable, they responded quickly and competently via Live Chat (open 24 hours 5 days a week).

Risk Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.