XTB review
XTB is a CFD and multi-asset broker founded in Poland in 2002 by Jakub Zabłocki as X-Trade Brokers, now led by CEO Omar Arnaout and listed on the Warsaw Stock Exchange (ticker: XTB) since 2016, serving more than 2 million clients globally. Its UK arm, XTB Limited, is authorised by the FCA (FRN 522157); the group also holds licences from Poland's KNF (its home regulator since 2005), Cyprus's CySEC, and further authorisations across the UAE, South Africa and elsewhere, with the applicable entity depending on the client's country. XTB dropped MetaTrader entirely in favor of its own xStation 5 platform, and offers CFDs alongside real stock and ETF investing across more than 10,900 tradeable symbols. Fee structure and investor protection vary by which regional entity a client is onboarded to.
XTB key facts
- Website: www.xtb.com
- Category: CFD, forex and stock/ETF investing broker
- Founded: 2002
- Headquarters: Warsaw, Poland
- Public status: Warsaw Stock Exchange-listed (XTB) since 2016
- Regulation: FCA (UK, FRN 522157), KNF (Poland), CySEC (Cyprus), other regional entities
- Platforms: xStation 5 (proprietary) — no MetaTrader support
- Instruments: 10,900+ across CFDs, stocks, ETFs and crypto
- Minimum deposit: 250 in account base currency (varies by entity)
- CEO: Omar Arnaout
- FYI Score: 95.1/100 (ranked #4 of the 136 CFD brokers we track)
Regulation & licences
- XTB Limited, the UK arm, is authorised and regulated by the Financial Conduct Authority (FRN 522157).
- The group also holds licences from Poland's KNF (since 2005) and Cyprus's CySEC, plus further authorisations in the UAE, South Africa and other regions, with the applicable entity depending on the client's country of residence.
- XTB S.A. has been listed on the Warsaw Stock Exchange (ticker: XTB) since 2016, giving it public financial disclosure.
- UK clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 if XTB Limited were to fail.
Spreads & fees
- Standard CFD/forex accounts trade on spread only; reviewers cite average EUR/USD spreads around 0.92 pips, with no separate commission.
- Stock and ETF investing is commission-free up to €100,000 in monthly turnover on the UK entity, with a 0.2% commission (minimum £10) above that threshold.
- Custody is fee-free up to £250,000 on the UK entity, then 0.02% per annum; deposits and withdrawals are free.
- An account maintenance fee (around £10/month) applies if no transaction occurs within a rolling 365-day period.
Platforms & tools
- xStation 5, XTB's own web, desktop and mobile platform, with 39 technical indicators; the company does not offer MetaTrader 4, MetaTrader 5 or cTrader.
- The xStation mobile app has more than 5 million downloads.
- Free demo/practice accounts and more than 200 educational lessons built into the platform.
- No open API or algorithmic trading access, a gap versus MT4/5-based competitors.
Markets & account types
- More than 10,900 tradeable instruments in total, including thousands of stocks and ETFs from EU and US markets alongside CFDs.
- CFDs on forex (71 pairs), indices, commodities and 40 cryptocurrencies, plus 2,541 individual stock CFDs.
- The UK entity offers ISA and Cash ISA wrappers alongside standard live and demo accounts.
- Serves more than 2 million registered clients globally.
Markets
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Platforms
xStation 5
Who XTB is for
Suits traders and investors who want one account covering both CFDs and real stock/ETF ownership, and who don't specifically need MetaTrader or cTrader. Less suited to algorithmic traders who need API access.
Pros
- FCA-regulated UK entity (FRN 522157) plus KNF and CySEC licences elsewhere, under a Warsaw Stock Exchange-listed parent with public financial disclosure.
- xStation is a polished, purpose-built platform rather than a generic MetaTrader install, with strong reviewer ratings for usability.
- Very wide instrument range (10,900+) spanning CFDs, real stocks and ETFs, useful for combining leveraged and non-leveraged exposure in one account.
- Commission-free stock/ETF investing up to a meaningful monthly turnover threshold on the UK entity.
Cons
- No MetaTrader 4, MetaTrader 5 or cTrader support, which rules XTB out for traders who rely on MT-based expert advisors or indicators.
- No open API or algorithmic trading access, limiting it for systematic or quant traders.
- 72% of retail investor accounts lose money trading CFDs with the UK entity, per XTB's own risk disclosure — a standard industry-wide figure, not unique to XTB.
- Fee structure (commission thresholds, custody fees, inactivity charges) varies by entity and account currency, which takes some reading to compare.
XTB FAQ
Is XTB regulated?
Yes. XTB Limited, the UK entity, is authorised and regulated by the FCA (FRN 522157). Other XTB entities hold licences from Poland's KNF and Cyprus's CySEC, among other regulators, depending on the client's country.
Does XTB support MetaTrader?
No. XTB uses its own proprietary xStation 5 platform across web, desktop and mobile, and does not offer MetaTrader 4, MetaTrader 5 or cTrader.
Is XTB a public company?
Yes. XTB S.A. has been listed on the Warsaw Stock Exchange under the ticker XTB since 2016, so its financial results are publicly disclosed.
What is the minimum deposit at XTB?
Reviewers cite a minimum deposit of around 250 units of the account's base currency, though this can vary by entity and region.
Compare XTB with other CFD brokers
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