XTB is one of Europe's largest listed brokers. It was founded in 2002, has been listed on the Warsaw Stock Exchange since 2016, and serves more than 2.9 million clients. It offers real stocks and ETFs alongside CFDs on forex, indices, commodities, cryptocurrencies, stocks and ETFs, all on its own xStation 5 platform.
XTB is not available everywhere. Which countries it accepts depends on which XTB entity serves a given region. In this article, we explain where XTB is available, which entity and regulator serve each region, and how to check whether XTB accepts clients from your country. We also cover XTB's restricted and banned countries and a few alternatives worth comparing.
69-79% of retail investor accounts lose money when trading CFDs with this provider.
Where XTB Is Available: Supported Regions and Entities
XTB Group operates through several regulated companies. The entity you open your account with depends on where you live, and each one has its own regulator, product range and client protections. Based on the legal information XTB publishes across its websites, the main entities are:
| Entity | Regulator | Licence | Who it serves |
|---|---|---|---|
| XTB S.A. and its EU branches | 
| DDM-M-4021-57-1/2005 | Poland and EU countries served through XTB S.A. and its local branches, such as France, Germany and the Czech Republic |
| XTB Limited (Cyprus) | 
| 169/12 | Residents of the remaining EU countries, which XTB S.A. does not serve directly |
| XTB Limited (UK) | 
| FRN 522157 | UK residents |
| XTB MENA Limited | 
| F006316 | Clients onboarded through the Dubai International Financial Centre (DIFC) |
| XTB Financial Services L.L.C. |
| 20200000405 | UAE residents |
| PT XTB Indonesia Berjangka | 
| 003/BAPPEBTI/SI/08/2020 | Indonesian residents |
| XTB Agente de Valores SpA | 
| Register No. 216 | Chilean residents |
| XTB International Limited | 
| Registration No. 6442514 | International clients outside the regions above |
The UK, EU and DFSA entities are overseen by well established regulators, with leverage limits and negative balance protection for retail clients in the UK and EU. The Belize entity is offshore and comes with lighter oversight and fewer protections. Before you deposit, check which XTB entity is named in your account agreement, because that company and its regulator are what protect your money.
XTB Restricted and Banned Countries
XTB states that it only accepts clients from countries where it operates in line with local regulations and holds the right permits. It also says it does not accept clients from selected high risk or restricted jurisdictions, in line with anti money laundering, counter terrorism financing and international sanctions rules, and that this list may change when regulations or supervisory decisions change.
According to XTB, the countries it does not accept clients from include North Korea, Iran, Syria, Sudan, Cuba and Afghanistan, as well as other countries subject to OFAC, EU or UN sanctions. These are examples rather than a full list, and a country being absent from it does not mean XTB will accept you. CFD trading for retail clients is also not permitted in some jurisdictions, such as the United States, where XTB has no regulated entity.
| How to check your eligibility: Start the registration on XTB's official website. The first step asks for your country of residence, and XTB shows whether it can serve that country and which entity you will be onboarded with. Being accepted does not mean XTB is regulated in your country: if you are onboarded by XTB International, your account is overseen by the FSC in Belize, not by a local regulator. Do not use a VPN or give a false country of residence to get around this. XTB verifies your identity and address, and an account opened with false residency details can be closed and your funds frozen. |
What XTB Offers
XTB gives clients access to over 11,000 instruments. These include real stocks and ETFs, plus CFDs on forex, indices, commodities, cryptocurrencies, stocks and ETFs. The exact range depends on the XTB entity you are with. All trading runs on XTB's own xStation 5 platform, available on the web and as a mobile app.
XTB offers a single account type. On forex, spreads start from 0.8 pips on major forex pairs with no commission, and swap charges apply to positions held overnight. On real stocks and ETFs, XTB charges 0% commission up to a monthly trading volume of €100,000, with a commission above that limit, and a currency conversion fee applies when you buy assets in a currency other than your account currency.
At TradingBeasts, we also offer extra perks for users who sign up with the XTB partner code XTBWELCOME. You can find more information in our dedicated article.
69-79% of retail investor accounts lose money when trading CFDs with this provider.
Alternatives to XTB
If you are comparing XTB with other brokers, these three offer different platforms, account types and regulatory setups. As with XTB, check that the broker and the entity you would join are regulated for clients in your country.
Pepperstone: Alternative With FCA, ASIC and BaFin Licences
Pepperstone is regulated by several well known authorities, including the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany and the CMA in Kenya. Unlike XTB, which runs only its own platform, Pepperstone supports MetaTrader 4, MetaTrader 5, cTrader, TradingView and its own Pepperstone platform.
Pepperstone offers over 1,350 CFDs on forex, indices, stocks, cryptocurrencies, commodities, currency indices and ETFs. The fees depend on the account you choose.
The Standard account has spreads from 1.0 pips on major forex pairs with no commission. The Razor account has spreads from 0.0 pips on major forex pairs plus a commission. On MetaTrader 4, MetaTrader 5, TradingView and the Pepperstone platform, the commission is $3.50 per side per lot, while cTrader users pay $3 per side per lot.
74.1% of retail CFD accounts lose money
eToro: Alternative With Copy Trading and Real Stocks
eToro is a multi asset platform founded in 2007 and listed on Nasdaq, with over 40 million registered users. It operates through regulated entities including eToro (UK) Ltd under the FCA, eToro (Europe) Ltd under CySEC, eToro AUS Capital under ASIC, eToro (ME) Limited under the FSRA in Abu Dhabi and eToro (Seychelles) Ltd under the FSA.
Like XTB, eToro offers real stocks and ETFs alongside CFDs, with over 7,000 instruments in total. Unlike XTB, where crypto is traded as CFDs, eToro also lets you buy real cryptoassets. Its other main difference is social trading: with CopyTrader, you can automatically copy the positions of other eToro investors. Copying does not guarantee the same results, and past performance is not an indication of future results.
eToro uses its own web platform and mobile app rather than MetaTrader. Its spreads start from 1.0 pips on major forex pairs such as EUR/USD, compared with 0.8 pips at XTB. The minimum deposit starts from $50, depending on your country of residence. eToro also charges non-trading fees, such as withdrawal and currency conversion fees, which are listed on its fees page.
eToro is a multi-asset investment platform. The value of your investments may go up or down.
Your capital is at risk. 55% of retail CFD accounts lose money
Exness: Alternative for Traders Outside the UK and EEA
Exness focuses on international markets outside the UK and EEA. Its retail entities are regulated by authorities including the FSCA in South Africa, the CMA in Kenya, the FSC in Mauritius and the FSA in Seychelles.
Exness offers CFDs on forex, metals, energies, cryptocurrencies, stocks and indices. You can trade on MetaTrader 4, MetaTrader 5, the Exness Terminal and the Exness Trade app.
The Standard account has spreads from 0.2 pips on major forex pairs, the Standard Cent account from 0.3 pips and the Pro account from 0.1 pips, with no commission on any of the three. The Raw Spread account has spreads from 0.0 pips on major forex pairs plus a commission of up to $3.50 per side per lot. The Zero account offers spreads from 0.0 pips on its top 30 instruments, with commissions from $0.05 per side per lot.
Your capital is at risk. Leveraged products may not be suitable for everyone.
Final Thoughts
XTB is a publicly listed broker with FCA, CySEC, KNF and DFSA regulated entities, its own xStation 5 platform and a large range of real stocks, ETFs and CFDs. Where it is available depends on which XTB entity covers your region.
The quickest way to find out whether XTB accepts you is to start its registration and select your country of residence. If you are comparing options, Pepperstone, eToro and Exness offer different platforms and account types. Whichever broker you choose, check which entity you are joining and how it is regulated before you deposit.
Frequently Asked Questions
XTB serves clients through separate regulated entities, including the FCA for UK residents, CySEC and KNF for EU residents, the DFSA in the Dubai International Financial Centre, and local entities in Indonesia and Chile. Clients outside these regions are onboarded by XTB International, regulated by the FSC in Belize, where XTB can serve them. The registration form shows whether your country of residence is accepted. Being accepted does not mean XTB is regulated in your country.
It depends on your country of residence. XTB assigns the entity during registration, and the entity is named in your account agreement. Leverage limits, negative balance protection and compensation schemes differ between entities, so check this before you deposit.
No. XTB verifies your identity and proof of address, so a VPN does not change which country you are registered in. Giving false residency details breaks XTB's terms and can lead to your account being closed and your funds frozen.
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