XTB is a leading European brokerage firm and one of the world’s largest stock exchange-listed Forex & CFD brokers. The firm is listed on the Warsaw Stock Exchange. It is based in Poland but has offices in 12 countries, such as the UK, France, Germany, and Chile. However, its international headquarters are located in Belize. The broker provides retail traders with access to hundreds of global markets across different asset classes, including Forex, indices, commodities, stock CFDs, ETF CFDs, cryptocurrency, and more.
In this broker review, we will pay attention to the critical aspects of XTB, which you must consider before deciding whether to trade with this online brokerage. At the time of writing this review, Trustpilot users have given XTB an Average score of 3.5/5. The rating is based on 1,935 reviews from customers who have given their feedback on XTB’s performance. Positive 5-star reviews have been submitted by 58% of reviewers, while 22% of customers have given the broker a 1-star rating.
| XTB Summary | |
|---|---|
| Year Founded | 2004 |
| Minimum Deposit | $0 |
| Tradable Instruments | CFDs on Forex, Indices, Commodities, Crypto, Stocks, ETFs, stock and ETF investing |
| Open an Account | How to Open an Account at XTB |
| Trading Costs | Spreads, Fees, and Commissions at XTB |
Key Pros and Cons
First, let us briefly look at XTB’s main strengths and weaknesses.
Key Pros
- Regulated in multiple jurisdictions
- Innovative proprietary xStation platform
- 2,500 CFDs across different asset classes, 6,100 stocks and ETFs for direct investment
- Tight spreads
- Fast order execution speeds
- Supports multiple payment methods
- A good selection of educational resources
- Various trading tools
- No minimum deposit requirements
- Islamic accounts are available
- Responsive customer support team
Key Cons
- Does not accept USA clients
- Inactivity fee of $10
- Does not support the MT4 or MT5 platform
- Islamic accounts are available only at the international division
Company Information
2002
The Launch of XTB
XTB was launched in 2002 as X-Trade but changed its name to XTB in 2004. The broker has registered offices in a dozen or so countries countries and allows traders from all over the world to trade multiple financial markets. XTB is built on the core values of technology, trust, and support, so it provides traders with the innovative xStation proprietary platform, which is available in desktop, web, and mobile versions. The broker’s clients enjoy various competitive trading conditions, such as tight spreads, flexible leverage of up to 1:500, low commission fees, rapid trade execution speeds, multiple trading assets, and more. There is no minimum deposit requirement.
2025
Multi-Regulated Broker
Multi-regulated broker with several industry awards. During its almost two decades in the financial trading business, the broker has earned the trust of over 1.7 million customers around the world, thanks to its regulation by some of the world’s biggest financial authorities, such as the FCA, KNF, CySEC, and IFSC. The broker has registered branch offices in Hungary, Italy, France, and Portugal, with cross-border licensing in the Netherlands, Austria, Sweden, Belgium, Greece, and Bulgaria, and each is regulated by the local authorities. XTB is a publicly traded company on the Warsaw Stock Exchange, having been listed in 2016. As a publicly owned company, it is subject to the strict financial reporting and disclosure requirements of the exchange.
The broker has also bagged several industry awards, including the Best Customer Services 2021 (Forexbrokers.com), Best Polish Forex Broker 2019 (Invest Cuffs), Best Forex Broker for Low Costs 2021 (Investopedia 2021), Best NDD Forex Broker 2021 (Online Personal Wealth Awards), Best Mobile App for Investing 2019 (Rankia Awards), Best Mobile App for Investing 2020 (Rankia awards), and Best Execution Broker 2019 (Technical Analysis Exhibition). In 2024, the firm topped a ranking of the best companies listed at the Warsaw Stock Exchange, published by the Polish daily Puls Biznesu.
XTB Group is comprised of the following corporate entities with their respective regulated offices:
- XTB International Limited (XTB), regulated by the International Financial Services Commission (IFSC), office address: 35 Barrack Road, 3rd Floor, Belize City, Belize, C.A
- XTB Limited, regulated by the Financial Conduct Authority (FCA), office address: Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom.
- XTB Limited, regulated by the Cyprus Securities and Exchange Commission (CYSEC), office address: Pikioni 10, Building: Highsight Rentals Ltd, 3075, Limassol, Cyprus.
- X-Trade Brokers DM SA, regulated by the Polish Financial Supervision Authority (KNF), office address: Prosta 67, 00-838 Warsaw, Poland
- XTB Sucursal, regulated by the Comisión Nacional del Mercado de Valores (CNMV), office address: C/Pedro Teixeira, 8, 28020 Madrid, Spain.
- XTB Mena Limited, regulated by the Dubai Financial Services authority (DFSA), office address: office 1204, Level 12, Index Tower, International Financial Centre of Dubai, P.O. box 482081, United Arab Emirates
- XTB S.A., regulated by BaFin, office address: Joachimsthaler Str. 10, 10719, Berlin, Germany
- XTB Agente de Valores SpA, regulated by Comisión para el Mercado Financiero (CMF), office address: Av. Apoquindo 4501, Of 1604 – Las Condes, Santiago, Chile
- XTB Africa (PTY) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, with registered offices located at 21 Broads Street, Mulbarton, Johannesburg, 2059, South Africa
Note that XTB does not offer its services to residents of certain regions, such as the United States.
Why Trade with XTB?
Now, let us briefly list the key features that we like about XTB.
| Aspect | What we like |
|---|---|
| Regulation | Reputable broker, regulated in multiple jurisdictions by some of the most popular financial authorities, such as the IFSC, FCA, CySEC, FSCA, and KNF. |
| Pricing | Tight spreads and fair commissions. |
| Execution | XTB Ltd is a matched-principle broker. It automatically sends all trades to their parent company X-Trade Brokers DM, which acts as the liquidity provider. Trades are executed automatically without any manual intervention from any dealing desk. |
| Trading | Over 2,500 CFDs on different asset classes, including currency pairs, commodities, stock CFDs, ETFs, and cryptocurrencies. Investing in more than 6,100 stocks and ETFs is available at the international division. |
| Platforms | Innovative xStation trading platform in desktop, web, and mobile versions and various advanced trading tools. |
| Customer Support | Responsive client support team who are available 24/5 and can be reached via various contact channels. |
Regulation
The XTB Group of companies is authorized and regulated in various jurisdictions:
In the United Kingdom, XTB operates as XTB Limited, which is authorized and regulated by the UK Financial Conduct Authority (FCA), under registration number FRN 522157.
Clients in the EU region are on-boarded in the Cyprus-based XTB Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission, with CIF licence number 169/12.
XTB’s international operations are also handled by XTB International Limited, which is authorized and regulated by the International Financial Services Commission (IFSC) in Belize with License No.: 000302/35. However, this regulation by IFSC is not as solid as the frameworks of CySEC and FCA.
Additionally, XTB is also a trading name for the XTB Group, which includes the following entities:
- X-Trade Brokers DM SA: authorised and regulated by the Komisja Nadzoru Finansowego (KNF) in Poland
- XTB Sucursal: authorised and regulated by the Comisión Nacional del Mercado de Valores (CNMV) in Spain.
- XTB Mena Limited, licensed by the Dubai Financial Services Authority (DFSA) under number F006316.
- XTB S.A., authorized by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under number 10121520.
- XTB Agente de Valores SpA, authorized by the Chilean Commission for the Financial Market (CMF).
- XTB Africa (PTY) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, under license number 49970.
A breakdown of the various regulatory regimes is presented below.
| Flag | Region | Entity | Authority | License |
|---|---|---|---|---|
| United Kingdom | XTB Limited | Financial Conduct Authority (FCA) | Registration Number: FRN 522157 | |
| EU | XTB Limited | Cyprus Securities and Exchange Commission (CySEC) | License Number: 169/12 | |
| Internationally | XTB International Limited | International Financial Services Commission (IFSC) | License No.: 000302/35 | |
| Poland | X-Trade Brokers DM SA | Komisja Nadzoru Finansowego (KNF) | N/A | |
| Spain | XTB Sucursal | Comisión Nacional del Mercado de Valores (CNMV) | 40 | |
| Germany | XTB S.A. | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) | 10121520 | |
| Chile | XTB Agente de Valores SpA | The Chilean Commission for the Financial Market (CMF) | N/A | |
| Dubai | XTB MENA Limited | The Dubai Financial Services Authority (DFSA) | License number: F006316 | |
| South Africa | XTB Africa (PTY) Ptd | The Financial Sector Conduct Authority (FSCA) | License number: 49970 |
The XTB Group has a global footprint and is regulated by the world’s leading financial supervisory authorities, including the FCA and CySEC, to give you peace of mind that you are trading with a broker you can trust. The fact that the broker is regulated in various jurisdictions provides it with a fairly solid regulation status, as the FCA and CySEC are strict tier-1 regulatory authorities.
However, since it is not regulated by the US Commodity Futures Trading Commission (CFTC), XTB cannot provide its services to citizens or residents of the United States. The company is currently in the initial stages of acquiring authorization from the regulatory authorities of Brazil.
KYC Procedure for Account Creation and Depositing
Creating an account with XTB is straightforward and can be completed in less than 5 minutes. However, it may take up to 24 hours to get your trading account verified. Generally, the entire account creation process complies with the industry-standard procedure and follows these steps:
- Creating your secure login: Enter a valid email and choose a password.
- Completing the application form with your details: Fill in your names, date of birth, city of residence, address, postcode, and phone number.
- Choosing your trading account: You choose your preferred trading platform and account type. Retail, professional, and investment accounts are available.
- Checking your suitability status: You will be required to disclose information about your employment status and sources of income, as well as your trading experience. If you are approved based on your answers, you can proceed to the next step of the process, but if any of your answers do not match the broker’s internal requirements, your application will be rejected.
- Confirming your agreement to the terms: You need to tick the box at the bottom of the account registration form to indicate that you agree to XTB’s Terms and Conditions.
- Verifying your documents: You provide your proof of ID (passport, national ID card, or driver’s license) and proof of residency (utility bill or bank account statement issued within the past three months) for XTB to verify your account.
While the account creation is swift and can be completed within a few minutes, it may take up to 24 hours to verify your trading account. When your account is verified, you will have to fund it using any of the available payment methods before you can start trading.