XTB Review – Is it a Scam or Legit Broker (2020)

In this XTB Review, we are going to take a look at the offer that this broker prepared for its traders. XTB is regulated by the CySEC in Cyprus, by the KNF and by the FCA in the UK. XTB operates on the financial market since 1995. When it comes to trading platforms, the broker features xStation. The XTB minimum deposit is 1 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this XTB Review

Website address: https://www.xtb.com/en 79% of retail CFD accounts lose money
Operated by: XTB Group. (XTB Limited)
Licensed and authorised by regulatory bodies: CySec FCA KNF IFSC CMNV
Supported languages: English, Spanish, Italian and Portuguese
Customer support available via: E-mail, phone, live-chat
Contact details: [email protected]https://www.xtb.com/en 79% of retail CFD accounts lose money +442036953085
Available deposit methods: Bank transfer, VISA, MasterCard, PayPal, PaySafe Card, Skrill
Available withdrawal methods: Bank transfer
Minimum deposit: 1 USD
Min. trade in lots: 0.01
Spreads: Variable
Tradable assets: Forex (45), cryptocurrencies (25)
Mobile app: Yes
MetaTrader 4: Yes
Other trading platforms: xStation
Leverage: up to: 1:400
Social trading: No

Random reviews of competing FX & CFD brokers: FinancikaTrade, LoyalEFX, Forex4Money and KlimexCM

Frequently Asked Questions

🧐 Is XTB a Scam?

XTB is a broker licensed and regulated by the CySec, FCA, IFSC and CMNV. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that XTB is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the XTB minimum deposit?

In order to start trading with XTB, you have to deposit at least 1 USD.

📵 What deposit and withdrawal methods XTB supports?

XTB allows funding your account via Bank transfer, VISA, MasterCard, PayPal, PaySafe Card, Skrill.

⚖️ Would you recommend me choosing XTB?

We don’t have our own personal experience with XTB. However, because the broker is regulated by the CySec, FCA, IFSC and CMNV, there is a high chance that it is not a scam. With that being said, it still does not mean that XTB is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – 85% of retail CFD accounts lose money , which is a CySEC regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC £/€/$ 10 In-house built platform typical spread 0,6 PIPs ¹
  • User-friendly trading platform
  • International support
Start tradingRead a review
CySECFCA £/€/$ 1 MT4 & xStation 5 typical spread 0,7 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
ASICCySECFCA £/€/$ 100 In-house built platform typical spread 0,6 PIPs ¹
  • User-friendly trading platform
  • Long-established company
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

¹ Variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.