This post is also available in: deDeutsch

Is XTB one of the best German Forex Brokers? We conducted an in-depth review in November 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

XTB, or X-Trade Brokers, was founded in Poland in 2002 and is headquartered in Warsaw.

With more than 14 years of experience, XTB is the 4th largest Forex and CFD broker listed on the stock exchange. Offices are located in more than 12 countries worldwide, including Germany, Great Britain and France. XTB is regulated by the largest regulators worldwide, including: the British Financial Conduct Authority (FCA), the Polish Financial Supervision Authority (KNF) and the Capital Markets Board of Turkey (CMB).

Over the years, XTB has received numerous awards and is now one of the leading online Forex brokers. Traders can use more than 3,000 financial instruments, including FX, indices, CFDs, stocks, commodities, ETFs and five of the world's most popular cryptocurrencies as CFDs.

The in-house trading platform "xStation" has already won numerous awards and offers excellent features for every type of trader.


XTB

Our Rating

The overall rating is based on review by our experts

8.8 4.4 1
  • Reliability 9 / 10
  • Spread 9 / 10
  • Customer Service 9 / 10
  • Offers 8 / 10
  • Speed of Execution 9 / 10
  • Uptime 9 / 10

This post is also available in: deDeutsch

XTB - Overview

Trading Conditions

  • Max Leverage
    200:1
  • Platform
    MT4 & 5, xStation 5
  • Min Deposit
    $0
  • Spread
    From 0.1 pips
  • Cuts out Dealing Desk
    Yes

Methods of deposit and offers

  • Deposit / Withdraw
    Wire Transfer
  • Welcome offer
    n/a
  • Rebates Engine Forex
    Coming soon!

Extras

  • Crypto
    Bitcoin Ethereum Ripple Litecoin Dash
  • Headquarter
    Warsaw

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT XTB

In Summary

  • FCA, KNF, BaFin, etc. regulated
  • High-level web security
  • No dealing-desk intervention

XTB takes the topics of security, risk management and transparency very seriously and offers its customers the highest possible security standards.

The company is regulated and monitored by major supervisory authorities such as BaFin in Germany, the British Financial Conduct Authority (FCA), the Polish Financial Supervision Authority (KNF) and the Capital Markets Board of Turkey (CMB).

All client funds are securely stored in segregated trust accounts held by reputable banks and are used exclusively to cover executed orders from client positions. The company guarantees that client funds are never used for operating or investment purposes.

No dealing desk is involved in trading, which means that there is no intervention between an executed order and the market.

XTB takes the topics of security, risk management and transparency very seriously and offers its customers the highest possible security standards.

Spreads Comparison

XTB
90
PEPPERSTONE
100
THINK MARKETS
80
IC MARKETS
100
XM
100
Alpari
90

CHARGES AND MARGINS AT XTB

In Summary

  • Spread mark-up or
  • €7.00 commission per standard lot R/T
  • Up to 200:1 leverage

As is the case with most brokers, XTB's rule is that while clients pay a commission in the form of a spread for CFDs, they do not incur any additional costs. Compensation therefore only takes the form of a "spread mark-up". This rule applies at least when choosing a "standard" account. When using a "pro" account, competitive commissions of € 3.50 per lot become due, but no spread mark-up is charged.

XTB offers the choice between two different account types, which are equipped with different advantages and functions. Customers can choose between a Standard and Pro Depot and then use either the worldwide popular MT4 trading platform or the in-house xStation 5 for trading.

There is no minimum deposit requirement on either the Standard or Pro Account.

Traders can choose from a total of more than 3,000 financial instruments, such as foreign exchange, commodities, indices, cryptos, stocks and ETFs.

Leverage can be set as high as 200: 1 for both XTB account types.

XTB does not charge any spread mark-up fees with a pro account - the spreads seen by a client are final. The raw spreads of the liquidity providers are displayed and guaranteed. Instead, a commission of € 3.50 is charged per lot traded. The standard account runs without commission, but a spread mark-up is applied to every trade.

Spreads start at 0.1 pips with the pro account type and 0.7 pips with the standard account.

The margin requirements are as follows under ESMA regulation:

TECHNOLOGY

In Summary

  • Solid trade execution
  • MT4
  • xStation 5

XTB customers have two trading platforms to choose from. Both can be used with the two account types (Standard and Pro).

Traders can choose between XTB's proprietary proprietary platform - xStation 5 - and the world-renowned MetaTrader 4.

xStation 5 offers unique tools and features, and impresses with its ultra-user-friendly functionality. Furthermore, this platform is characterized by extremely fast trading execution times of 85 milliseconds. Useful tools such as extensive trading history, interactive and detailed charts and technical analysis functions are integrated here. In addition, xStation 5 can be installed on different devices such as tablets, smartphones or even smart watches as a mobile trading app.

The MetaTrader 4 (MT4) has been around since 2005 and is the world's most popular trading platform. It relies on classic design and advanced analytical tools. The quite intuitive interface can be adapted through numerous extensions, such as meaningful charting tools.

Execution of Speed Comparison

XTB
100
PEPPERSTONE
100
THINK MARKETS
90
IC MARKETS
100
XM
90
Alpari
80

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF XTB's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/5 customer support
  • Global presence with large client base
  • 2 account types to choose from
  • Trading Academy & eLearning

XTB offers its customers around the clock several ways to contact customer support every five working days. So you can contact either by phone, by e-mail or by live chat.

XTB has also set up several training areas that are freely accessible. There is a so-called "Trading Academy", an eLearning offer with specially elaborated free course units around stock market trading. In the course of numerous learning units, the participants are taught the theoretical knowledge of the respective subject area, which is tested on the basis of quizzes. Numerous tips are also available as premium content.

In addition, a knowledge lexicon and an extensive FAQ section are offered, providing clients with explanations of the most important trading terminologies and most frequently asked questions.

Also live webinars, which take place at regular intervals, are being offered. At each seminar you can also participate as a non-customer for free. Learning content is deepened using practical examples with a demo account.

All customers can choose between two different account types, which differ in terms of spreads and the possible application of commissions or discounts. No minimum deposit is required for both the standard and the pro account. However, if you want access to advanced features, options or even personal coaching, there are certain minimum requirements that you can compare below:

The XTB Pro account has the advantage of low spreads starting at 0.1 pips, but requires € 3.50 commission per traded lot, while the spreads of the Standard account start at 0.7 pips, but no commissions are being charged.

There are 3,000+ available trading products which include Forex pairs, indices, CFDs, stocks, commodities, ETFs and five of the world's most popular cryptocurrencies (Bitcoin, Ethereum, Ripples's XRP, Litecoin and Dash) as CFDs.

Professional customers also have additional benefits compared to private customers, such as a maximum leverage of up to 200: 1.

FOREX AND OTHER TRADING OPTIONS AT XTB

In Summary

  • 3000+ financial instruments
  • 5 cryptos (BTC, ETH, XRP, LTC, DSH)
  • 20 IndicesCFDs
  • Stocks, commodities, etc. as CFDs

XTB offers over 3,000 trading products such as numerous currency pairs, indices, CFDs, stocks, commodities, ETFs and five of the world's most popular cryptocurrencies (Bitcoin, Ethereum, Ripples's XRP, Litecoin and Dash) as CFDs.

Almost 50 Forex pairs can be traded with a leverage of up to 30:1 as a private customer.

Traders can select from the world's leading 20 index markets, including the German DAX 30, the Australian S & P 200 Index, the British FTSE 100 Index, the Dow Jones 30, the Japanese Nikkei 225, the Euro Stoxx 50 and the Hong Kong Hang Seng 50. All indices can be traded with a leverage of up to 20:1. Minimum spreads starting at 0.5 pips (US100) are offered with the Pro account. With a Standard account, the minimum spreads are slightly higher.

A solid supply of cryptocurrencies is available as CFDs with the top five cryptos Bitcoin, Ethereum, Ripple's XRP, Litecoin and Dash. All crypto-CFDs can be traded with a lever of up to 2:1. Spreads start at 1.0 pips (BTC) or 2.0 pips (all other crypto CFDs).

There are no minimum deposit requirements for either the Standard or Pro Account. The XTB pro account will charge commissions of € 3.50 per lot. The Standard account is commission-free, but with calculated spread mark-ups.

SPECIAL FEATURES OF XTB

In Summary

  • True ECN execution with Pro account
  • xStation 5 & MT4
  • Tight spreads & leverage up to 200:1
  • Most trading styles are allowed

X-Trade Brokers, or XTB, offers low spreads starting at 0.1 pips and the maximum leverage of up to 30:1 for the European market.

Excellent technology, such as the multi-award winning, in-house x-station trading platform (5); Fast order execution and an overall stable trading environment are offered.

Over 3,000 financial instruments are available, including Forex, indices, CFDs, equities, commodities, ETFs and five of the world's most popular cryptocurrencies (Bitcoin, Ethereum, Ripples's XRP, Litecoin and Dash) as CFDs.

Most traditional trading types, such as Expert Advisors (EAs), Scalping and Hedging are allowed.

Metatrader 4 and the in-house x-Station 5 are available as trading platforms.

Excellent offer for knowledge enhancement such as eLearning, trading academy, webinars or well-founded market analysis.

Over 3,000 financial instruments are available, including Forex, indices, CFDs, equities, commodities, ETFs and five of the world’s most popular cryptocurrencies (Bitcoin, Ethereum, Ripples’s XRP, Litecoin and Dash) as CFDs.

Max Leverage Comparison

XTB
200:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
IC MARKETS
500:1
XM
500:1
Alpari
1000:1

IN CONCLUSION

XTB is one of the top brokers in the European market. Excellent technology and trading environment, coupled with exemplary customer service accessibility, delight both newcomers and professional traders.