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XTB

Rating: 1.9 / 5
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XTB, owned by the Polish-based and publicly listed XTB Group, established itself as a trusted market leader for Forex and CFD traders. It offers traders its proprietary xStation 5, a choice of more than 4,000 assets, deep liquidity, and a highly competitive commission-free cost structure. I reviewed XTB to determine if it offers traders a competitive edge. Should you open an account with XTB?

XTB Website Screenshot

Broker Details

Headquarters
United Kingdom
Established
2002
Min Deposit
$0
Execution
Market Maker

Trading Conditions

Trading Hours
CryptocurrenciesSunday 04:00 - Saturday 22:00
ForexSunday 23:00 - Friday 22:00
CommoditiesSunday 24:00 - Friday 23:00
European CFDsMonday 09:00 - Friday 17:30
US CFDsMonday 15:30 - Friday 22:00

Trading Costs & Spreads

EUR/USD
0.1 pips ($1.00)
GBP/USD
0.2 pips ($2.00)
Gold
$0.36
Bitcoin
$100.00
WTI Crude
$0.04

Platform & Features

Trading Platforms
Proprietary platform
Regulators Detailed
Komisja Nadzoru Finansowego
Country: Poland
License: KRS # 0000217580
International Financial Services Commission
Country: Belize
License: 000302/185
Financial Conduct Authority
Country: UK
License: 522157
Sermaye Piyasası Kurulu
Country: Turkey
License: FSA License Number SD076
Cyprus Securities and Exchange Commission
Country: Cyprus
License: 169/12
Comisión Nacional del Mercado de Valore
Country: Spain
License: Undisclosed
Bundesanstalt für Finanzdienstleistungsaufsicht
Country: Germany
License: Undisclosed
Banque de France
Country: France
License: Undisclosed
Comissão do Mercado de Valores Mobiliários
Country: Portugal
License: Undisclosed

Pros

  • A competitive commission-free pricing environment
  • Deep liquidity via its X Open Hub subsidiary and 100+ partnerships
  • Broad-based asset selection across six sectors, including cryptocurrencies

Cons

  • Algorithmic trading not supported
  • No MT4 trading platform

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