As a reputable multi-asset broker, XTB provides exceptional customer service, a large selection of forex and CFDs, and a great trading environment. Because of the innovative features and well-designed xStation 5 trading platform, as well as the thorough educational materials and research provided by XTB, the broker was awarded Best in Class for Research in 2023.
A tier-1 regulator, three tier-2 regulators, and one tier-3 regulator have all given their approval to the publicly traded company XTB. The Financial Conduct Authority (FCA), a tier-1 regulator, has granted XTB authorization.

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Trading Offers XTB

CFDs on 1,848 stocks, 135 ETFs, 22 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs are accessible to traders through XTB. As part of its securities offering, XTB also offers 150 ETFs, 7,800 non-leveraged cash equities, and nearly 7,800 non-leveraged cash equities (though these are not accessible through its Cyprus or U.K. branches). The various investment products that are offered to XTB clients are listed in the following table.

Trading in cryptocurrencies is possible at XTB through both CFDs and trading the underlying asset (such as purchasing Bitcoin). Notably, retail traders from any broker’s U.K. entity and U.K. residents (aside from professional clients) are not permitted to trade cryptocurrency CFDs.

Fees and Account Types

There are two different account types offered by XTB: a spread-only Standard account and a commission-based Professional account, the latter of which is only available to customers who meet the criteria for elected Professionals in the U.K. and Europe. Overall, XTB’s pricing is competitive with the industry standard, but it lags behind the top brokers in this field.

Spreads on the EUR/USD were 0.91 on average according to data from Q3 2021 (note that the commission-based pro account is being phased out and is no longer promoted).

Standard vs. Pro accounts: When trading at higher volumes, XTB’s Standard and Professional accounts have similar pricing; minimum deposits begin at 250 base currencies ($250, £250, or $250). The Standard account, however, seems more affordable for smaller sums. The Standard account is the one I would recommend for retail traders, especially since most regions no longer offer the Pro account, with the exception of some legacy clients.

Discounts for active traders: XTB will reimburse you for a portion of the spread (from 5% to 30%) when you reach certain volume thresholds, starting at 20 lots per month and going up to 1000 lots for the full 30% discount, for active traders (and those in the EU who meet the definition of elective professionals).

Apps for mobile trading

While the XTB-exclusive xStation 5 mobile app is significantly better and accessible everywhere, the MetaTrader 4 mobile app is only available in select regions. There is no doubt that XTB’s mobile application can rival the top forex brokers.

Features of the xStation 5 mobile app include streaming news, pre-defined watchlists, an economic calendar, top movers, and client sentiment data. The app is well-designed and has many features that are identical to those of the xStation 5 website. The mobile app’s integrated videos offer educational material similar to webinars, with some of the videos running longer than an hour.

Trading tools: With 109 indicators and more than 20 drawing tools, Plus500 has significantly improved its charting. There is still room for improvement, though, and I’d like to see more features added, like news, research, and sophisticated trading tools, all of which are currently missing from Plus500’s mobile app.

xStation 5 charts are decent but not outstanding. I was disappointed to learn that there are only 13 indicators in total and that watchlists do not sync with the platform’s web version. With xStation 5 mobile charts, you can easily add indicators to your charts while zooming in on different time frames and have your trend lines and drawings automatically saved.

Trading Platforms

The feature-rich xStation 5 platform from XTB, which is available in a few locations, steals the show with its sleek design and potent tools.

Overview of the platforms: XTB provides two prominent web-based trading platforms: xStation 5 and, in some locations, the MetaTrader 4 (MT4) platform created by MetaQuotes Software Corp. (Not available in Cyprus, France, or the United Kingdom).

Charting: xStation 5 stands out thanks to a number of distinctive features that go beyond its responsive modern design (as well as its 30 drawing tools and 39 technical indicators). For instance, I adored how charts have a countdown timer that displays the amount of time left in each candlestick. Additionally, economic news releases are displayed along the chart’s bottom axis, giving traders useful information during significant economic events.

Trading tools for xStation 5: xStation 5, XTB’s flagship platform, offers excellent performance across web, mobile, tablet, and even iOS and Android smartwatches. Highlights of the trading tools include a flexible stock screener, color-coded heat mapping for analyzing top movers, and sentiment data that displays the proportion of XTB clients who are long or short for a specific trading symbol.

Market Analysis

Thanks to excellent analysis from both internal staff members and outside providers, XTB’s research content can compete with the best in the sector. Having said that, XTB has a strong international presence in other languages but does not publish as many daily English articles and videos as some of the best brokers in this category.

Overview of the research: As part of its Premium Research service, XTB makes up for Trading Central and Authochartist’s absence by providing exclusive strategies. In addition to providing live headlines from reputable news sources, XTB also provides research platform tools like a market sentiment indicator and an economic calendar. Additionally, XTB offers weekly video webinars on YouTube, as well as written articles from its staff in additional supported languages like Polish, German, and Italian.

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Market news and analysis: On its Market News page, XTB publishes high-caliber articles that are then streamed as headlines on the xStation 5 platform. The research offers features like its “Chart of the day” series along with fundamental and technical analysis. With price analyses from Thomson Reuters, Barclays, Citi Group, and other top-tier suppliers, XTB’s news panel also features trading signals.

News filtering: At XTB, it can be difficult to tell which articles were written by in-house staff members and which ones were from outside sources. For instance, the web platform of Saxo Bank enables source-based filtering of news content. I value what the XTB staff has to say as a trader, so having the option to filter or quickly recognize internal content would be a welcome improvement.

Education XTB

Thanks to excellent analysis from both internal staff members and outside providers, XTB’s research content can compete with the best in the sector. Having said that, XTB has a strong international presence in other languages but does not publish as many daily English articles and videos as some of the best brokers in this category.

Conclusion on XTB

A dependable company, XTB offers a wide range of tradeable securities, first-rate customer support, competitive research, and its cutting-edge xStation 5 proprietary trading platform suite.

XTB won Best in Class for 2023 in our Research and Beginners categories despite having only average pricing. I was very impressed with XTB, so traders looking for a broker to trade forex and CFDs in 2023 should give them serious consideration.and a low minimum deposit requirement for opening a live account.