XTB Broker Review



Min Deposit


Min Spread




Broker Trusted Points

To come out as a trustworthy broker and the first choice for traders and investors, a broker must diligently work and put efforts to become best in the market. XTB is operating in the trading world since 2002, but still, it lacks some of the most basic requirements that can make traders go with it. In this review, we will discuss why you should not go with XTB. 

Summary of  XTB:

XTB is an online trading broker regulated by FCA. the minimum deposit is as high as 250 dollars with the minimal feature. The broker offers only one standard account with low leverage on most of the securities. We do not recommend traders to go with XTB. Read the review to know more. 

Account Types

  • XTB offers one single kind of account called a standard account for traders to go with. Therefore, the options are pretty limited. One has to adjust with whatever features are offered in this one kind of account. 
  • The broker claims to offer a leverage of 1:500. But when looked closely on the margin table, this leverage is provided on some few securities. Most of the securities have leverage of about 1:30. This leverage is pretty less as compared to leverage offered by other brokers like HFTrading in the market. XTB thus limits traders’ opportunities as they cannot open up large positions on most of the instruments or assets. 
  • According to the website, spreads start from 0.5. The maximum spreads are not mentioned on the site. This leaves us in the ambiguity of how much wider the spreads can go. It would have been better if the broker has given a breakdown of spreads. 
  • Similarly, the website says that swap charges are applicable, but no breakdown on how the costs will be calculated or what is mentioned at the charges. All of this leads to suspicion. 
  • XTB charges a commission of 0.08 per cent on CFDs and ETFs. This commission is charged per trade, and therefore overall commission can become pretty expansive for the traders. 

Trading platform

The broker offers “xStation” trading platform for mobile as well as desktop trading. This platform is limited to the top traders who are pursuing trade with XTB. While many good and fair trading platforms and brokers bank on ever-famous MT4 and MT5 platforms that promise to offer the best features, xStation seems to offer minimal features and functionalities. Also, mobile applications seem pretty hefty and unmanageable. The tabs are stacked one after the other without any proper structure or system. 

Account Opening

The account opening process of XTB seems very unclear and consuming. When one clicks on the “open an account” tab, a page pops up asking for your email address and country of residence. But that is all. You do not know what comes next. Would you be able to provide details about yourself while staying ambiguous and confused?

It would have been better if the broker entailed a proper structure specifying the account opening process before asking users to go about it. This whole process leaves potential clients hesitant of what is next to come. 

Instruments or products for trading

XTB offers trade-in instruments like forex, stocks, ETFs, CFDs and cryptocurrencies. Yes, the range is pretty comprehensive, but the assets or securities under each category seems to be pretty limited with high spreads and low leverage. When the securities are limited in range, the opportunity for trade cannot be expanded. 

Commission, fees, and spreads

  • The commission is charged per trade by XTB, and the whole commission tends to become quite extravagant in the big picture. 
  • The trading fees vary according to ti the size of the position.  
  • Spreads seem to be pretty high on most of the securities. 
  • For dividend payments, a fee of 30 per cent is deducted by the broker. 
  • The broker also charges an inactivity fee of about 10 Euros. 
  • For electronic wallets, a fee of 2 per cent is charged. A fee of 20 dollars is charged for withdrawal below a hundred dollars. 

If we look at the overall fee, commission, and spreads structure, the amount becomes pretty hefty, especially for new traders and beginners. 

Deposit and withdrawal

  • There are limited ways associated with withdrawing and depositing of funds in an XTB account. Such methods include wire transfer, credit/debit cards, and more. 
  • The minimum deposit of XTB seems pretty high depending on the services and functionalities offered by the broker. The minimum deposit of 250 dollars is required to open an account with XTB. But there are other highly reputable brokers like T1 Market, TradeATF that offer better services at same or even lower minimum deposits. 
  • The withdrawal can take up to several days with XTB. We still do not understand why such a discrepancy. There are brokers who hit more than a million withdrawal each day and finish them within 24 hours or less. What is stopping XTB? 
  • The broker claims that there are no withdrawal fees charged. But when looked in detail, it also mentioned a withdrawal fee as high as 20 dollars on withdrawal below 100 dollars. 


The broker claims to offer a leverage up to 1:500. But this high leverage is valid only on some few securities. Most of the securities witness leverage as low as 1:30. This cubs many small traders to take benefit of leverage to open up large trading positions. 

Research and analysis

For research and analysis purpose, XTB offers only market news and price tables, We think these resources are relatively conventional and limited. There are other more advanced tools like a Fibonacci indicator, Pivot calculator, and more. 


For educational purpose, minimal tools like articles and courses are offered by XTB. Moreover, the courses offered are chargeable. There are no webinars, VODs, ebooks or blogs available. This directly infers to the fact that XTB does not believe in education the new traders and beginners about different markets. The customer attention and satisfaction does not seem to be a forte of XTB. 

Customer service

XTB claims to offer 24/7 customer service and support, but there are no answers to emails or calls when tested practically. However, if you want to reach out to them, various numbers and emails are available on the website depending on the region and country you choose. 

XTB: Scam or not

XTB is regulated by FCA – Financial Conduct Authority. FCA is a rep[uted regulatory authority. Therefore, there is no harm in trading with XTB. However, there is no banking license held by the broker. 

There is no investor protection amount offered for clients outside of Europe. Also, negative balance protection is provided only to retail clients in Europe. Non- European clients are not covered in the negative balance protection scheme. 

Why not go with XTB

Summarising the whole review, we have found plenty of reasons that suggest that you should not go with XTB: 

  • High minimum deposit with respect to features offered
  • Withdrawal fees of 20 dollars for an amount less than 200 dollars
  • No MT4 or MT5 trading platform
  • Poor user interface 
  • High spreads and overall commissions 
  • Limited securities under each category 
  • Limited educational and research tools 

Bottom Line 

XTB is a well regulated and authorised broker. But what else? Is regulation enough to go with a broker? Multiple factors have to be considered. XTB seems to lack most of them, including low leverage, poor user interface, loose spreads, and more. When one can find better brokers with lesser minimum deposits in the market, why not go with them. We would not recommend XTB to our readers. Please analyse the broker in more detail and look for better options before investing your hard-earned money. There’s no better place 101investing, Brokereo and PrimeFin as brokers.

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