XTB

XTB, also known as X-Trade, was founded in 2002 and is headquartered in Warsaw, Poland. It operates globally and has a presence in numerous countries, including Europe, Asia, South America, and Africa.

XTB is regulated by respected financial authorities, such as the Financial Conduct Authority (FCA) in the United Kingdom. Broker offers xStation trading platform, which is a feature-rich and user-friendly platform available as a desktop application, web trader, and mobile app.

Clients of XTB can access a wide range of financial instruments for trading. This includes major, minor, and exotic currency pairs in the forex market, stocks from various global exchanges, indices representing different markets, commodities like gold, oil, and natural gas, and cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

XTB provides various educational resources and research tools to assist traders in improving their trading skills and knowledge. These may include webinars, tutorials, trading guides, market analysis, economic calendars, and more.

XTB aims to provide responsive customer support to its clients. It offers assistance through various channels, such as phone, email, and live chat, to address inquiries, technical issues, and account-related concerns.

XTB uses well-known martial arts athletes as brand ambassadors: Conor McGregor, Joanna Jędrzejczyk and others.

Regulation

The XTB Group has a global footprint and is regulated by the next supervisory authorities:

• for UK Residents – XTB Limited, authorized and regulated by the UK Financial Conduct Authority (FRN 522157) with its registered and trading office in London, United Kingdom or in other EU branches, regulated by different authorities.
• for EU Residents – XTB Limited, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12.
• for non EU/UK Residents – XTB International Limited, authorized and regulated by the International Financial Services Commission in Belize. (FSC License No.: 000302/438).

Countries of presence

Broker claims to have over 657,000 customers around the world. XTB has offices in over 13 countries including the UK, Poland, Germany, France and Chile. 

Awards

• Best Forex and CFD Broker 2021
• Best Forex Broker 2022
• Best CFD Broker 2022
• Best Mobile Trading App 2022
• Best Customer Service 2021
• Best Trading Platform 2021
• Best Forex Broker for Low Cost 2021
• Best NDD Forex Broker 2021

Trading platforms

Own Desktop Trading platform version for Microsoft Windows and Mac

Own Web Trade Platform is fully compatible with Chrome, Firefox, Safari and Opera.

Own mobile application (for Android and iOS).

Trading accounts

Demo account (4 weeks demo trading, $100k virtual funds)

Standard account 

Swap free account 

Trading instruments

Market calendar

Price Tables

Over 2200 trading instruments, including CFDs for 

• Forex (eg EUR/USD, GBP/USD)
• Indices (e.g. S&P 500, Dow Jones, NASDAQ)
• Commodities (e.g. gold, silver, oil)
• Cryptocurrencies (e.g. Bitcoin, Ethereum, Ripple)
• Stocks (e.g. Facebook, Apple, Amazon)
• ETFs (e.g. Amundi, iShares, Lyxor)

Registration process

Applying for a trading account with XTB consists of three steps:

• Fill out an online form
• The user may be required to upload additional documents to verify identity (ID card, bank statement, etc.) through XTB Client Office.
• Once the application is approved, the user can deposit funds and start trading.

Verification

The user may be required to upload additional documents to verify identity (ID card, bank statement, etc.).

In addition to proof of identity, XTB need proof of address:

Proof of Identity: this must be a valid government issued identity document with photograph. Accepted documents include:

• a) Passport
• b) National Identity Card (front and back)
• c) Driving licence (front and back)

Proof of address: this must be full page, issued within the last 3 months, and must not be in the form of an online document. Accepted documents include:

• a) Bank statement
• b) Utility bill (gas, electricity, water)
• c) Phone bill (landline only)
• d) Tax statement/bill (personal and council tax only)

Deposits and withdrawals

There are several ways to deposit funds into XTB trading account:

• Bank Transfer (USD)
• Credit Cards (USD)
• e-Wallets: Paysafe (Skrill), SafetyPay, Neteller (USD).

Withdrawals are only possible by bank transfer (via Bank Pekao S.A.) to a bank account that must be owned by the XTB client.

Support

The site is available in 18 languages. User support works in 16 languages 24/5. The broker has offices in over 13 countries and provides phone and email support in the local language. The website also has a Live Chat and Help Center (F.A.Q.).

Promo&Bonuses

Trade cashback offer for clients from certain jurisdictions.

Affiliate program

XTB Partnerships provide remuneration per referred client depending  on various factors. Depending on the type of reward chosen, affiliates may receive a commission for referred clients or a percentage of trades made by referred clients.

Training

To inform and educate traders, XTB provides a Knowledge Base that includes educational materials (more than 1000 articles, quizzes and videos) and market news.