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XTB Review (April 2024)

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Overall Rating

4.5/5

FAST FACTS

Fees: 0.5% Currency Conversion

Best For: ETFs & Stocks

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 XTB Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Founded in 2002, XTB is recognized as one of the largest stock exchange-listed FX & CFD brokers globally, providing retail traders with instant access to hundreds of markets worldwide. The company has a significant international presence, with offices in over 13 countries, including the UK, Poland, Germany, France, and Chile. Clients at XTB can choose from more than 3000 shares from 16 major exchanges around the world and have access to 48 currency pairs in Forex, along with a variety of CFDs.

Pros

  • 3000+ Real Stocks and ETFs
  • XTB Investment Plans
  • Tight spreads from 0.3 pips, 30:1 leverage
  • Trade over 2100 CFDs

Cons

  • No Weekend Support
  • 0.5% Currency Conversion Fee

Trust

4.6/5

XTB places a high emphasis on transparency, regularly disclosing its earnings and cash reserves every quarter. The company is committed to empowering investors on their journey, catering to both short and long-term horizons and accommodating both active and passive investment approaches. XTB Limited is duly authorised and regulated by the UK Financial Conduct Authority (FRN 522157), with its registered and trading office located at Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom (company number 07227848), reinforcing the trust in its brand.

Investment Products

4.7/5

Investors have the option to choose from around 300 global ETFs and over 3000 shares from 16 major exchanges worldwide with XTB, featuring real shares, not CFDs. The platform provides free access to real-time quotes and an intuitive investing platform equipped with an advanced Shares Scanner, allowing seamless management of investments. XTB enables access to all shares and ETFs from a single account.

In addition to stocks, XTB offers a comprehensive range of CFDs. This includes the opportunity to engage in transactions on CFD contracts based on share prices, with a selection of over 5500+ CFD instruments. These instruments cover various commodities such as Gold, Silver, and Oil. For Forex traders, XTB offers 48 currency pairs with low spreads starting from 0.1 pips, further diversifying the investment options available.

Trading Platform

4.4/5

XTB offers two distinct trading platforms: xStation 5 for browser access and xStation Mobile for app access on iOS and Android devices.

xStation 5, accessible via standard web browsers like Chrome, Firefox, Safari, or Internet Explorer, offers a streamlined and intuitive trading interface.

In contrast, xStation Mobile provides a seamless trading experience tailored for mobile users.

Both platforms feature a user-friendly design, with a modern look, and one-click trading. These platform simplify trade entries, watchlist creation, and chart adjustments, and includes direct access to educational resources and FAQs. Notifications are conveniently delivered on both the browser and mobile app.

Access three main order types: Market Orders for immediate execution at current market rates, Limit Orders with predetermined entry points, and Stop Orders, which also allow for preset entry points and an option to select an expiration time. Each order type includes options for “take profit” and/or “stop loss” settings, enhancing trade management.

Customer Support

4.1/5

XTB provides multiple contact points for its users, including the option to visit their flagship location at Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom. The company offers email and live phone support available 24/5 from Monday to Friday. However, it is noted that support services are not available on weekends.

Summary

4.5/5

XTB, established in 2002, has grown into one of the largest stock exchange-listed FX & CFD brokers in the world. The company offers a wide range of investment products, including approximately 300 global ETFs and over 3000 shares from 16 major exchanges, with a focus on real shares, not CFDs. XTB also provides a variety of CFD instruments, including commodities like Gold, Silver, Oil, and 48 currency pairs in Forex with low spreads.

In terms of trading platforms, XTB offers xStation 5 for browser access and xStation Mobile for app access on iOS and Android devices. Both platforms provide a streamlined, stable trading environment, with xStation 5 featuring one-click trading and full integration across desktop and mobile interfaces. The platform supports various order types with flexible “take profit” and “stop loss” options.

XTB is known for its commitment to transparency, regularly disclosing its earnings and cash reserves, and is authorized and regulated by the UK Financial Conduct Authority. The company offers multiple contact points, including a flagship location in London, and provides email and live phone support 24/5 from Monday to Friday.