XTB List of Supported & Banned Countries

XTB is one of the largest and most reputable online forex and CFD brokers in the world, with a history dating back to 2002. Headquartered in Poland, XTB has established itself as a trusted trading provider by serving millions of clients globally. The broker is particularly known for its powerful proprietary platform, xStation 5, competitive pricing, and multi-asset product range.

Despite its global recognition, XTB does not operate in every country due to regulatory restrictions, local laws, and internal policies. In this article, we will explore the XTB list of supported and banned countries, while also highlighting some alternatives for traders in restricted regions.

69-80% of retail investor accounts lose money when trading CFDs with this provider.

XTB List of Supported Countries

XTB operates under multiple regulatory licenses, which allow it to provide services across many regions. Below is a breakdown of XTB’s regulatory jurisdictions and the countries where it can accept clients:

FCA

The United Kingdom - XTB Ltd (UK) is authorised and regulated by the Financial Conduct Authority (FCA) in the UK under license number 522157. This license allows XTB to provide services to residents of the United Kingdom.

CySEC

Cyprus - XTB Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 169/12. This license allows it to offer services within the European Economic Area (EEA), in compliance with MiFID II regulations. The countries it can serve under the CySEC license include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

KNF

Poland - XTB S.A. is authorised and regulated by the Komisja Nadzoru Finansowego (KNF) in Poland with the license number DDM-M-4021-57-1/2005. This license allows XTB to offer services in Poland and across the European Union under MiFID II passporting rules. As such, it can serve all the countries listed above with this license.

DFSA

Dubai - XTB MENA Limited is licensed and regulated by the Dubai Financial Services Authority (DFSA) under reference No. F006316. This license allows XTB to accept clients within the Dubai International Financial Centre (DIFC) and the broader UAE region.

FSC

Belize - XTB International Limited is regulated by the Financial Services Commission (FSC) in Belize under license number 000261/27. XTB generally accepts traders from most countries under this FSC-licensed entity, except for those already covered by the other regulations listed above or from restricted jurisdictions (mentioned below).

XTB List of Banned or Restricted Countries

Although XTB has a wide global reach, it does not accept clients from certain regions. This is mainly due to regulatory restrictions, international sanctions, or internal policy decisions. As of now, the list of the banned or restricted countries by XTB includes:

India, Pakistan, Syria, Iraq, Iran, United States, Australia, Albania, American Samoa, Aruba, Bhutan, Barbados, Belarus, Belize, Belgium, Cayman Islands, Hong Kong, Israel, Jamaica, Japan, Kosovo, Mali, Mongolia, Montserrat, Myanmar, New Zealand, Nicaragua, Norfolk Island, Northern Mariana Islands, Russia, Somalia, South Korea, South Sudan, Sudan, Taiwan, Turkey, Venezuela, Bosnia and Herzegovina, Ethiopia, Uganda, Cuba, Yemen, Afghanistan, Laos, North Korea, Gibraltar, Guyana, Vanuatu, Mozambique, Republic of the Congo, Libya, Macao, Panama, Singapore, Bangladesh, Kenya, Palestine and the Republic of Zimbabwe.

This list is subject to change as XTB updates its compliance policies and as global regulations evolve. The most reliable way to confirm whether your country is supported is through XTB’s official website.

What XTB Offers

XTB has built its strong reputation by offering a deep collection of over 10,100 market products. Specifically, the broker offers CFDs on forex, commodities, indices, cryptocurrencies, stocks, and ETFs. Additionally, it supports the trading of real stocks and ETFs. Traders can use XTB’s proprietary xStation 5 platform, available on the web, desktop, and mobile.

XTB's pricing model is straightforward, offering a Standard account designed to cater to traders of all levels. The account offers some of the lowest spreads in the market, starting from as low as 0.8 pips with no commissions on forex. The broker also features an Islamic account with no swap charges, with spreads that start from as low as 0.7 pips with no commission on forex. At TradingBeasts, we also offer extra perks for users who sign up with the XTB referral code XTBWELCOME. You can find more information in our dedicated article.

XTB is a publicly listed broker and is regulated by multiple top-tier authorities, which ensures a high level of transparency and security for its clients. It provides negative balance protection and segregates client funds in separate bank accounts to enhance investor safety.

69-80% of retail investor accounts lose money when trading CFDs with this provider.

Top-Tier Alternatives to XTB

For traders in countries where XTB does not operate, or those simply seeking other options, there are several trusted brokers providing comparable services. Notable alternatives include:

Pepperstone (Alternative for EU, UK, AU and International Traders)

Pepperstone is a globally recognized broker with a presence in 174 countries, operating under strong regulation from multiple reputable authorities. In particular, this broker operates under the regulation of the FCA in the UK, the ASIC in Australia, the CySEC in Cyprus, the BaFin in Germany, and the CMA in Kenya, among others. This robust regulatory background is part of the reason why Pepperstone is popular among traders of all experience levels.

Moreover, this broker offers its traders a deep collection of market products totalling over 1,400 assets. These include CFDs of forex, indices, stocks, cryptocurrencies, commodities, currency indices, and ETFs. The fees that traders pay depend on the account that a trader chooses.

The Standard account charges traders a spread that starts from 1.0 pips with no extra commission. In contrast, the Razor account features ultra-low spreads from 0.0 pips plus a commission depending on the trading platform a client uses.

Clients using MetaTrader 4 and MetaTrader 5 pay a commission of $3.5, €2.6, £2.25, or CHF 3.3 per side per lot, based on the account currency. Similarly, traders using TradingView and the Pepperstone trading platform pay a commission of $3.5 per side per lot. Meanwhile, cTrader users pay a lower commission of $3 per side per lot. For non-USD accounts on TradingView, cTrader, and Pepperstone's platform, the commission is converted into the account currency at the current spot rate.

73.7% of retail CFD accounts lose money

Exness (Alternative for Traders in Eligible Markets Worldwide)

Exness is a globally recognized broker with a presence in over 130 countries, including key emerging markets. The broker is regulated by several authorities, including the JSC in Jordan, the FSCA, the CMA in Kenya, the FCA, the CySEC, and the FSC in Mauritius, among others.

Exness offers over 250 trading instruments in multiple asset classes, allowing traders to diversify their portfolios as they see fit. To be specific, this broker supports the trading of CFDs on forex, energies, cryptocurrencies, stocks, metals, and indices. There are various trading platforms available to use, including MetaTrader 4, MetaTrader 5, the Exness Trader platform, and Exness Trade App.

On another note, Exness offers a variety of trading accounts designed to cater to the needs of different trader profiles. These include two standard accounts and three professional accounts. The Standard Account offers spreads starting from 0.2 pips, while the Standard Cent Account begins at 0.3 pips. For traders seeking tighter spreads, the Pro Account provides pricing from as low as 0.1 pips. All three of these account types do not charge commissions.

In contrast, the Raw Spread Account delivers ultra-tight spreads from 0.0 pips, paired with a commission of up to $3.50 per side per lot. Similarly, the Zero Account features spreads from 0.0 pips on the top 30 instruments, with commissions starting as low as $0.05 per side per lot.

Your capital is at risk. Leveraged products may not be suitable for everyone.

Forex.com (Alternative for EU, UK, AU and International Traders)

Forex.com is a well-regulated broker with licenses in several jurisdictions, including the FCA in the UK, ASIC in Australia, CySEC in Cyprus, and CIRO in Canada.

The range of market products available depends on a trader’s location. But traders from most countries can access CFDs on forex, stocks, indices, cryptocurrencies, commodities, and precious metals. These instruments can be traded on multiple platforms, including MetaTrader 5, TradingView, and Forex.com’s proprietary Trader platform.

When it comes to pricing, Forex.com offers competitive spreads across its different account types. The Standard Account features spreads starting from 0.8 pips, while the MetaTrader Account starts from 1.0 pips, with neither account charging commissions. By contrast, the Raw Account provides ultra-tight spreads from 0.0 pips, paired with a commission of $5 per $100,000 traded.

75% of retail investor accounts lose money when trading CFDs with this provider.

Closing Remarks

XTB is a globally respected broker with strong regulatory backing, an advanced trading platform, and a broad product range. It is especially attractive to traders in Europe and other supported regions who want access to thousands of financial instruments. However, due to internal policies and regulatory restrictions, XTB is not available in certain countries.

For traders in these restricted regions, alternatives like Pepperstone, Forex.com, and Exness offer excellent solutions. They also feature strong regulation, competitive pricing, and diverse market products. As always, before opening an account, ensure that the broker supports your region and adheres to any regulatory laws available.