XTB Review – Is it a Scam or Legit Broker (2023)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

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 in Poland and by the FCA in the UK. XTB operates on the financial market since 2002. When it comes to trading platforms, the broker features xStation and MetaTrader 4. 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 (80% of of retail investor accounts lose money when trading CFDs with this provider)
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] +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
Tradable assets:
Might be a CFD.
Forex (45), cryptocurrencies (25)
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:xStation
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

Social trading:No

Random reviews of competing FX & CFD brokers: Trendex, Glenm, WealthWayInc and InterTrader

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 Etoro – (81% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 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 FCA £/€/$ 50 In-house built platform 1.0 PIPs ¹
  • The World's Leading Social Trading Network
  • International support
Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
CBIFSCAASIC £/€/$ 100 MT4 and MT5 0.9 PIPs ¹
  • International support
  • 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 17.03.2023 at 11:42 GMT.

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