XTB broker review and real test – Scam or not?
(4.8 / 5)
More than 10
The choice of a trusted broker is very difficult nowadays. XTB is currently one of the best-known internationally. Are you looking for experience with the online broker XTB? – Then you are exactly right on this page. With more than 9 years of experience in the financial markets, we tested the broker for real money. You will get an overview and an introduction to trading with X-Trade Brokers. Is it really safe to invest your money there? – Inform yourself in detail.
What is XTB? – The broker presented
The company was founded in 2002 in Poland and is still a good address for online trading. The company quickly grew in demand and offices were opened throughout Europe. Currently, the broker is represented in over 12 countries. Maybe a branch is also located in your country. XTB is a public company, which is traded on the Polish stock exchange. In 2016, the company dared to take that step and posted a 4% gain on the first day.
With this Forex Broker, you can trade over 3,000 different assets and 6 asset classes on a universal trading platform. In addition, XTB connects its customers with very good customer support through support, webinars, and training long term. Extensive training also helps beginners to find their way around the markets.
Personal care and a high deposit guarantee are the broker’s heart. Overall, the company has won many awards, which makes an additional good impression on me. From my experience, the company is one of the top providers.
Also, watch our review video about XTB:
Facts about the company:
- European Broker which accepts international clients
- The company is traded official on the polish stock exchange
- There are a lot of XTB branches worldwide
- Huge variety of markets to trade
- Own developed trading platform xStation 5
- Personal customer support for every trader
(Risk Warning: Your capital can be at risk)
XTB regulation and safety of customer funds
The regulation of an official financial regulator is essential for serious online trading. The broker thus gains trust between him and the customer. Among other things, European brokers must have official regulations to offer certain financial products. If such a license is missing, one can start from possible fraud. Before investing, the provider should be checked for regulation.
XTB has several international regulated regimes as the company has a large number of branches in different countries. Important and well-known regulations of the broker are for example the FCA (UK), IFSC (Belize), BaFin (Germany), and the KNF (PL). Thus, the company radiates a very high level of security.
Certain criteria and requirements must be met for such a license to be awarded. A breach or fraud would mean the immediate loss of this license. Another point for a good provider is the security of customer funds. XTB keeps client money separate from corporate funds in Europe. Speculation with client funds is completely excluded here. There is also a deposit guarantee of up to 20,000€. In summary, XTB makes a very serious and trusting impression on us. Fraud on the customer can be excluded.
Facts about the regulation and safety of customer funds:
- International branches with regulations
- Separated customer fund from the broker’s money
- Regulated payment methods
- High deposit guarantee
Review the trading conditions for customers
Before opening an account with an online broker you should be clear about which trading instruments you would like to trade and which offer or terms the broker will give me. From our experience, XTB is a truly broad-based provider of many financial products and asset classes. More than 3,000 markets are currently available and the company is steadily expanding its offering.
Trade Forex, Equities, Commodities (CFDs), ETFs, and Cryptocurrencies (CFDs) from a trading platform. As a beginner, you can quickly find your way around the platform, because the menu navigation is very clearly arranged.
You can trade a huge range of markets:
- Index and Stocks
- ETFs (Exchange Traded Funds)
Trade currencies (Forex), stocks (and stocks CFDs), commodities (CFDs), ETFs (and ETF CFDs) and cryptocurrencies (CFDs) from one trading platform. On the platform, you can quickly find your way around as a beginner, because the menu navigation is very clearly designed. In addition, there is maximum leverage when trading at 1:30 (European regulation) and 1:500 (international regulation), which can be used to make faster and more profit. Furthermore, the trading fees are very low compared to other providers and quite strongly competitive (more on this in the further course of this website). Variable spreads are always offered for the accounts. These start as low as 0.1 or 0.0 pips.
Variable spreads on the XTB trading platform:
- Spread from:
- 0.1 pips
- 0.4 pips
- 0.35 points
- 0.04 points
- 1.0 points
- 0.5 points
Note: Depending on the regulation authority you choose. XTB can offer different account types. There are account types with an additional spread or account types with fixed commissions.
The leverage for private traders is 1:30 high and professional traders can upgrade to the high leverage of up to 1:500 (only for European clients). There is also a free demo account available and the minimum deposit for a live account is €0.
Thanks to the multiple languages-speaking branches, the broker can also score with competent support for traders! The support is active 24/5 weekdays and professionally handles your personal requests. In addition, there is a very large range of training opportunities. Webinars, e-books, and 1 to 1 coaching sessions are offered by the broker. From our experience, very helpful knowledge is passed on here for the first time, which is directly applied to the markets.
From our XTB experience, many new customers also ask if XTB is a market maker. The provider is not a market maker and gives customers Direct Market Access (DMA). The platform is directly connected to well-known exchanges and liquidity providers. In summary, the conditions make a very good impression on me. XTB can clearly stand out from other providers due to its experience and expertise. Further down on this website, I will go into more detail on the individual topics.
Now also buy shares for free without fees at XTB:
In 2020, the broker took a new step towards opening up the market! You can now also trade stocks and ETFs without fees at XTB. You buy the right underlying asset in the trading platform. Dividends are also distributed in real-time. However, this offer is only valid for a monthly trade of up to 100,000€ which should apply to most investors. A total of 16 global exchanges are offered!
Summary of the trading conditions:
- More than 3,000 markets to trade
- Free demo account
- No minimum deposit
- Own platform xStation 5
- High leverage up to 1:500
- Low spreads from 0.1 pips
- Trade stocks and ETFs without commission
(Risk Warning: Your capital can be at risk)
Review and test of the XTB trading platform
The trading platform is the most important tool for every trader. It is all the more important that it works correctly and is reliable. Of course, XTB’s trading platform was scrutinized in this review. XTB offers its own developed xStation 5 as software for investing and trading. From our experience, xStation 5 has a few more advantages in contrast to the popular trading platform Metatrader 4, which is why we would like to elaborate on this platform in the following lines.
The platform xStation is available for any device:
- Web Trader
- Mobile Trade
The platform makes a very professional impression on us. It is very easy to use for beginners. A clear structure helps the trader not to get confused. Prices and charts are clearly visible. There are many options here. In addition, the trading platform displays possible fees openly and transparently.
Compared to other platforms, the xStation 5 is really worth mentioning because not every Forex Broker offers a good and reliable trading platform. Through various tests and ideas from traders, it has turned out that the xStation is very powerful and you have real-time access to the markets.
Professional Charting für beginners and advanced traders
Technical analysis is a tool for long-term market success for most traders. That’s why it’s important to check if an offered trading platform provides the right tools. The first impression of xStation 5 is sensational because the charts are personally customizable.
Use several chart representations:
- Candlestick Chart
- Line Chart
- Heikin-Ashi Chart
For personal analysis, drawing tools and indicators are provided. More than 6 different drawing tools can be actively used on every chart. So the analysis should not be a problem for a trader. For example, use horizontal, vertical, or trend lines. Even the familiar Fibonacci levels can be inserted with just a few clicks.
The drawing tools are also independently adjustable in the presentation. Also, indicators make up a significant proportion of the tool in xStation 5. More than 20 different indicators can be inserted in a few clicks.
- More than 20 different indicators
- Technical drawing tools
- Customizable and user-friendly tools
XTB analysis, news, and stock screener
In addition, xStation 5 delivers current market news and a professional stock screener. Get the latest business news and results displayed directly on the trading platform. Market News is provided by XTB every day on current events and can generate additional trading ideas. In any case, the market news should always be checked before a trader in order to increase the probability of winning.
Stock traders beware. XTB offers a professional stock screener in its trading platform. This allows you to select the best values
Get more success through:
- Market News
- Market Analysis
- Stock Screener to find the best companies
- Educations center
Mobile trading via XTB app
Of course, trading at XTB can also be done via a mobile app. Forex and CFD trading, as well as stock trading, is possible via the xStation5 app. Use your Android or iOS device for this purpose. The appropriate software is also offered for the Apple Watch.
The xStation5 app does not differ in functions from the desktop version. You can also use the regular stop-loss, analysis tools, indicators, or simply trade the CFDs. All functions are also possible via a mobile device.
We have tested the app several times and am surprised about the user-friendliness. The xStation5 app is clearly one of the best trading apps.
How to trade with XTB? – Step by step guide
XTB’s trading platform comes with all the tools you need for a professional trading experience, but how does the Forex Broker Order actually work? We would like to talk about this in this section. Below this text, you will see the live order mask of XTB. There you can see different settings.
In general, the online broker offers you the opportunity to invest in rising or falling markets. Short sales (short) are easily possible by the forex market or if you own the stock and want to hedge. Minimum amounts of a few dollars can already be invested. The biggest advantage of the platform is that all sizes and transaction properties are displayed transparently. So it is easy with a bit of practice to plan an exact risk and start the investment.
- First, select the appropriate contract size for your investment. This starts at 0.01. You will see the current value next to it and the margin (security deposit) will also be displayed directly to you. For leveraged products, the margin is much smaller than the contract value (maximum leverage 1:400) So you can move 1$ into your account with a maximum of 400$ on the market.
- Another great feature of the order mask is the display of fees. All costs such as spread, commission, and daily swaps will be displayed before the position is opened. So you can include the fees in your risk.
- Stop-Loss and Take-Profit are price levels in the market that automatically close your position. So the risk is limited and the profit secured.
The execution at XTB is very fast, as the broker sits directly near international trading centers (for example) Frankfurt. In addition, the forex broker brings thanks to the current low-interest-rate environment in Europe another advantage of no swap fees in some commodities or indexes.
Uncomplicated deposit opening at XTB
How exactly does the opening of the deposit work? – As a trader, we naturally had to do this before trading for real money. A live account or demo account can be opened at XTB in just a few steps. True to the highest security and regulatory standards, the accounts are managed. The account opening took only a few minutes, as the broker guides you step by step through the opening. For further questions, the support is always ready to help directly.
Free demo account for beginners and advanced traders
Nowadays, a free demo account is a must for any reputable broker. This is an account with virtual funds and simulates real money trading. So you can test the trading platform at your leisure. In addition, the demo account is perfect for practicing new strategies or backtesting. Traders can try out new markets or financial products without risk. Especially beginners benefit from this and gain their first experience on the markets.
XTB offers a free demo account for 30 days. However, this only applies to new customers without registering a live account. Should you open a live account, you can benefit from unlimited demo accounts. In the dashboard, you can open as many demo accounts as you want. The demo account is filled with 10,000€ and can be reloaded at will.
(Risk Warning: Your capital can be at risk)
Review of the deposit and withdrawal of money
In this section, we tested the deposit and withdrawal of XTB. For traders, it is important to be able to carry out quick transactions of funds. Deposits should work without errors and in a few minutes. The payouts should be granted without any problems.
Overall, XTB is very well positioned for client cash transactions. There are several methods available, including PayPal. This is a very big plus for the broker because this method is often in demand by traders, but not every broker can offer it. There are no fees for the deposit. At the payout but you have to look more closely. For payments below 200 €, there is a charge of 10 €. Above that, all payouts are free.
The broker gains further confidence with me through the fast processing of the transactions. Within a maximum of 3 days, payment will be processed. In most cases, it takes less than a day and the payment is sent. In summary, there is a very good and recommended payment system at XTB.
- Credit Cards
- Electronic Payment Systems
- Payment within a maximum of 3 days
Is there negative balance protection on XTB?
The additional funding requirement is feared by every trader. In the past, there were such extreme events in the market that drove some account balance the negative balance. Forex Brokers worked too badly or slowly. Thanks to tightened regulation, there is currently no additional funding requirement, not even with XTB.
The fees for trading on the platform
From our experience, the costs and fees are very low. For example, some brokers charge a direct fee of over 50 € for 90 days of inactivity. With XTB one pays, for example, a maximum of an inactivity fee of 10 € after 365 days.
The fees for an order in the market are also very low compared to other providers. For example, trade the Dax at 0.7 points spread. For most traders, it pays 100% to switch to XTB.
Fees of XTB:
- 10$ inactivity fee after 365 days
- Markets spread for opening and closing positions
- Commission for CFDs
- Commissions for Stocks
- 10$ fee by withdrawals below 200$
Another important advantage of XTB is swap-fees (financing fees). Currently, you are not paying any financing fees on stock indices overnight and on some commodities. Currently, it is the only broker to offer this advantage. If interest rates remain low, you will continue to pay no swaps.
Which type of support and service do they offer?
The last point in this review is the test of support. How good is the service for traders? – Since XTB has international branches worldwide, support is one of the best for each client. Professionally trained staff support you 24/5 during the week. The online broker even suggests that traders can make a visit to the branches. In addition, the company is represented at many trade fairs, for example at the World of Trading in Frankfurt (Germany).
Support is available by phone, chat, email 24/5. From my experiences and tests, you always get a very competent answer. In addition, after the opening of the account, a personal contact person will be in charge, who will introduce you to the world of XTB. The service at this broker is really great in comparison.
Professional XTB education and analysis
Market analyzes are issued daily at XTB and sometimes even sent by email. You can read the market analyzes directly on the homepage or on the xStation 5. Interesting trading ideas can be generated in this way or you are informed about important market events. The analyzes of XTB are professionally processed and quite suitable for their own application for trades.
Another service is the learning materials and training center of the broker. Videos, e-books, or webinars for customers are provided. Especially beginners will help enormously with this knowledge, but even experienced traders can benefit. In summary, XTB offers one of the best services for customers.
Unlike other providers, XTB committed to providing its clients with sustainable and good knowledge. The more successful a trader is, the more the broker earns from the increased trading volume. It’s a winner for both sides.
The best support and service:
- 1 to 1 support for each client
- Education, coaching sessions, market analysis, and webinars for free
- 24/5 support per phone, email, or chat
- Professionally educated service employees
Conclusion of our review: XTB offers a good overall package
Without question, XTB is one of the top online brokers for us. A change of your actual broker will be worthwhile for you because the fees and costs are very low compared to other providers. For example, a special bonus is the abolition of the abolished financing fees overnight.
The variety of over 3,000 assets and various financial products is huge for the clients and you will surely find your suitable market. The company is trying to expand the offer and adds new markets. Recently, you can trade more than 15 different cryptocurrencies.
It is a regulated and licensed broker from Europe with a high deposit guarantee. In addition, the share of the company is listed on the Poland stock exchange. All this makes a very serious impression on us. A fraud could not be detected here.
Furthermore, every customer gets a good service via support. For every trader, there are webinars and even 1 to 1 training. Expand your knowledge as a beginner and advanced. Try the provider in the free demo account now.
The advantages of XTB:
- A fully regulated and safe company
- More than 3,000 different markets
- Very good trading conditions
- Spreads from 0.1 pips
- Direct market access
- One of the best platforms (xStation 5)
- No hidden fees
- No minimum deposit
- Professional support and customer service
In conclusion, the broker XTB offers its traders a huge range of markets and a good service. (4.8 / 5)
(Risk Warning: Your capital can be at risk)