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XTB Review UK

XTB Trading logo

XTB is a world-class CFD broker offering very low trading fees, a wide choice of tradable instruments, and excellent educational materials, all hosted on a proprietary trading platform heralded for its excellent usability and robust trading tools and features.

I found XTB to be excellent solution for all levels of traders looking to minimise their trading costs with some of the lowest forex spreads in the industry. However, MetaTrader 4 users will be disappointed to discover that this is no longer available to XTB UK users.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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 provides traders with all the tools and features required for successful online trading with the lowest forex spread cost and one of the widest ranges of assets with over 2100 instruments.

The broker really excels with its comprehensive suite of educational material for all levels of traders, including access to one-to-one mentoring by leading experts via a dedicated account manager.

There are two account types on offer, including a swap-free account in compliance with Sharia law although this is only available to traders outside Europe. The trading academy and innovative features have helped XTB win an array of industry awards including

  • 2022 Best Forex Broker for Beginners by BROKERTESTED.COM
  • 2021 Best Customer Service by
  • 2019 Best in class (Top 7 best brokers in the world) 2019 by ForexBrokers
  • 2019 Best CFD Cryptocurrency Broker as rated by Good Money Guide
  • 2019 Best CFD Broker as rated by BrokerChooser
  • Best Trading Platform by Online Personal Wealth Awards

I recommend you read my full XTB review where I take a detailed and impartial look at the broker in order to identify its strengths and highlight its weaknesses.

Read on to discover why XTB takes its place as one of my most recommended forex and CFD trading platforms.

XTB Ratings


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  • Lowest forex spread cost
  • 24-hour support
  • Huge range of assets


  • No MetaTrader 4
  • Withdrawal fee under certain thresholds
  • Inactivity fee

Who is XTB?

XTB Limited (X-Trade Brokers) is a CFD and forex broker founded in Poland over twenty years ago. Today the trading platform has offices across the globe, offering CFD and forex trading to more than 495,000 customers from over 15 countries.

Who owns XTB?

XTB is publicly traded on the Warsaw Stock Exchange. This lends to its trustworthiness and integrity as all financial information is made public.

XTB Review Homepage

XTB product range overview

XTB is primarily a CFD broker, offering more than 21,000 trading instruments to trade including forex CFDs, indices, commodities and EFTs which I found to be a wider range than similar brokers.

Most traders will find the extensive range of assets at XTB more than satisfactory and certainly ahead of most of the competition.

  • Forex: 48 currency pairs including majors, minors and exotics
  • Indices: over 20 indices from across the globe including USA, Germany and China
  • Commodities: all the popular commodities including gold, silver and oil
  • Stock CFDs: over 1,850 global stock CFDs from USA, UK and European exchanges. A wider range than found at most trading platforms
  • ETF CFDs: over 100 global ETF CFDs

XTB Standard Account

There are three trading accounts to choose from at XTB. This is the default account for retail investors with no minimum deposit

From the standard account, traders are able to access forex, commodities, indices, stock CFDs, and ETF CFDs totalling 21,00 instruments with a leverage of 30:1. The minimum spread is 0.35 but what really sets this account apart from its competitors is the automatic access to a Personal Account Manager.

The Personal Account Manager is there to provide a tailored service, including any questions or issues relating to your account and training on how to navigate the platform. They can also provide access to 1:1 mentoring with an industry expert on request, however, they are not able to offer any trading advice or trade on clients’ behalf.

XTB Demo Account

The demo account at XTB differs from other brokers’ demo accounts in that it expires after 30 days. However, this is still an excellent way to practice trading without any financial risk.

XTB Professional Account

Traders must qualify for a Professional Account by meeting certain criteria.

Should you decide to upgrade to a professional account you will need at least 2 of the following criteria:

  • 10 significant-sized transactions per quarter for the previous year
  • Portfolio of over 500,000 EUR
  • Are a professional in the financial sector.

As a professional client, you will retain many of the features available on the standard account including negative balance protection. This trading account is designed for active traders.

XTB mobile trading platform

XTB has developed an award-winning mobile trading platform that facilitates an excellent trading experience with a host of tools and features and a seamless connection to the desktop version.

In a move away from MetaTrader 4, XTB has developed xStation5, which converts seamlessly to the mobile application, without a loss of functionality, as was the case with MetaTrader 4.

In terms of design, XTB have created a mobile application that is very easy to use with streaming news, watchlists, and an economic calendar all easy to locate. You can also access market sentiment, top movers, and some educational content including videos and webinars.

Searching for an asset can easily be done via the search bar or by browsing through the categories available. Order types mirror those found on the web platform including Market, Limit/Stop, Stop-Loss/Take-Profit and Trailing stop.

Whilst there is some charting available, there were some issues syncing this with the web version, however, the mobile app does come with some really handy alerts and notifications including alerts about relevant market news.

XTB web trading platform

XTB only offer trading from their in-house proprietary platform, xStation5, unlike most trading platforms that also offer MetaTrader 4. However, xStation5 is a powerhouse of a trading platform with an impressive range of trading tools that comes in both a web and desktop version.

The web trading platform successfully bridges the gap between beginners and experienced traders with the design and usability of the platform.

In terms of functionality, this platform performs well, with excellent search functions and the ability to place the following orders:

  • Market
  • Stop-loss/Take Profit
  • Limit/Stop
  • Trailing Stop

In addition to time limit order Good ‘til Time (GTT).

Several alerts and notifications are on hand so you don’t miss a beat including via email, SMS, and push notifications. These can notify traders about margin calls, trading positions, and transactions. Traders can also make use of some pretty comprehensive reporting including profit/loss details of your positions and automatic daily email reports.

On a negative note, xStation5 appears to be missing automated trading functionality and I couldn’t locate any back-testing capabilities.

XTB research and trading tools

xStation5 provides all levels of traders with excellent, advanced trading tools and research provided by XTB’s market analysts.

There are several trading tools to aid your trading decisions, including but not limited to, colour-coded heat mapping in order to analyse top movers, versatile stock screeners, ETF scanner, and the following aids:

  • Economic calendar,
  • Built-in trading calculator
  • Comprehensive charts with 39 technical indicators
  • Risk management tools
  • Market sentiment

There are also plenty of trading ideas to work from within the news flow which is constantly streaming headlines from various providers. Further research tools include the Stocks Screener which utilises various factors to filter stocks including market capitalization and debt-to-equity ratio.

XTB education

XTB offers an excellent level of education with an extensive library of content using various channels.

In addition to the demo account, which is an excellent resource for practising trading, XTB provides a comprehensive suite of educational resources.

This includes tutorials, videos, ebooks, articles, and webinars which can mostly be located under the ‘Learn to Trade’ section of the platform. The tutorials in particular offer an interactive way to improve your trading skills and knowledge with over 200 lessons available in the Trading Academy ranging from risk management to technical market analysis.

In addition, forex and CFD lessons are available with quizzes at the end so users can test what they have learnt which is something you won’t find at most other forex brokers.

All in all, this is an excellent offering from XTB online trading and an excellent reason for anyone looking to improve their trading skills to choose this broker.

XTB customer service review

Fast and reliable, the online customer support at XTB is available in several languages 24 hours a day via several channels.

Contacting customer service can be done via

  • Email
  • Phone
  • Live chat

Agents are on hand to help 24/5. I tested all channels whilst conducting this XTB review and found response times to be reasonable, with Live Chat answering in approximately 40 minutes. This isn’t the fastest service I’ve encountered but still ranks well among competitors.

XTB opening an account

The XTB account opening process is fully digital and quick to complete.

Opening your account at XTB broker can have you up and trading within one day. There is no minimum deposit for retail investor accounts however, there is only one, Standard account on offer. Customers outside of Europe can access an Islamic Account that is compliant with Sharia Law.

To open your account, simply follow these steps:

  • Click ‘Create Account’ on the XTB website
  • Submit your email address and country of residence
  • Enter your personal information including full name, date of birth and residential address
  • Select the trading platform and the base currency you require
  • Answer a few simple questions relating to your finances, employment status and trading experience
  • Verify your identity by uploading verification documents including passport or driving licence and proof of address

XTB deposit and withdrawal

Payment and withdrawal methods include credit/debit cards, e-wallets including Paypal, and bank transfer. All deposits and withdrawals with the exception of bank transfers are instant and mostly free.

There are several base currencies to choose from at XTB including USD, EUR and GBP.

There are no fees when you deposit funds using bank transfer, however, your credit/debit card provider may charge a fee.

XTB withdrawal fees

XTB charges no fees should you wish to conduct a bank transfer withdrawal from your XTB account over £60. To withdraw funds of less than £60, a £12 fee will apply. Withdrawals are all conducted using bank transfers.

All withdrawals are available within 1 business day.

XTB safety

XTB Limited offers cover from FSCS and regulation from several regulatory authorities. They take all the necessary precautions to protect client funds and data making them a reliable broker for CFD and forex trading.

X Trade Brokers is regulated by several authorities across the globe including

  • UK’s Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Polish Financial Supervision Authority (KNF)
  • National Securities Market Commission (CNMV) of Spain
  • Dubai Financial Services Authority (DFSA)
  • International Financial Services Commission of Belize (IFSC)

In addition, UK residents have cover up to the value of £85,000 from the Financial Services Compensation Scheme in the unlikely event that XTB becomes insolvent.

In addition, X Trade Brokers offer negative balance protection and as well as being listed on the Warsaw Stock Exchange, all client funds are held in segregated bank accounts in order to keep them separate from XTB’s funds.

XTB fees

XTB is a low-cost broker for trading forex, however, there are some non-trading fees to be aware of including an inactivity fee and a fee for withdrawals under a specified value.

The fees at XTB will vary depending on the type of account you open with a spread-only Standard Account and a commission-based Pro Account. Whilst the fees are highly competitive, they aren’t the lowest in the industry.

The average spread for the S&P 500 CFD is 0.6 points during peak hours which is the industry average. However, for EUR/USD the average spread is 0.9 pips which is low in the industry.

There is an inactivity fee of 10 EUR per month after 1 year of no trading activity and no deposit in the last 90 days. In addition, withdrawals under the value of £60 will incur a £12 transaction fee.

Who is XTB suitable for?

With a large number of tradable assets, XTB is a great trading environment for both beginners and experienced traders.

The robust education and access upon request for a professional account, make it well-placed for all levels. It is also worth mentioning that this is a solid choice for anyone looking to minimise their trading costs.

XTB also welcomes international clients, although some of the services may change.

Useful Information

This section contains useful information to make your experience at XTB as seamless as possible.

How do I contact XTB?

Contact can be made using the following methods:

  • Live Chat from the website or directly from the trading platform
  • Email: [email protected]
  • Phone: +44 2036953085

How do I withdraw money from my XTB account?

In order to withdraw from your XTB online trading account follow these steps

  1. Log in to your trading account
  2. Select ‘Deposit and withdraw funds’ on the bottom right
  3. Enter your bank account details and the amount you wish to withdraw
  4. Select ‘Submit’

Is XTB better than eToro?

This would depend on the type of financial instrument you wish to trade. eToro has a wider range of assets including stocks and bonds however when it comes to CFDs and forex, there is little to recommend eToro over and above XTB unless you wish to engage in copy trading.

Is XTB a reliable broker?

Yes, XTB is listed on a stock exchange, is one of the largest brokers in the world, and is considered very trustworthy and reliable.

FAQs about XTB

Is XTB safe?

Yes, there is nothing of concern when you start trading CFDs or forex using this broker as all necessary regulation is in place.

Is XTB regulated in the UK?

Yes, XTB is fully regulated by the Financial Conduct Authority within the UK as well as being regulated in several other jurisdictions.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.

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