XTB Forex Broker Review (2020)

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XTB Broker

XTB is an international Forex / CFD broker, that is licensed and regulated by the KNF, CySEC and FCA. Their customer support phone number is: +442036953086, and the contact email address is: [email protected]. Official Website: https://www.xtb.com/en.

For complaints or withdrawal problems, read this.

XTB Broker Review

A comprehensive and objective review of XTB shows us, that they are providing their investors and day traders with hundreds of underlying assets to trade. Available assets include; Forex Pairs, Crypto Currencies, Market Indexes, Stocks, Precious Metals, Oil, Natural Gas, Global Stocks, and ETFs.

In addition to MetaTrader4, their bespoke trading platform called xStation is very easy to use. As you can see in the screenshot below, the web based version of xStation is user friendly, and we played around with the free demo. The xStation software has a mobile trading app, for both Android and iOS devices. Placing an order is very simple, and with one click your order is live. Make sure to test out demo trading, before your go live, so that you are accustom to the software.

Two account types are offered, with the main difference between them being; Spreads and Commissions. Each trader will determine based on their trading style which account type is best for them. Maximum leverage (margin) is 30:1 in accordance with European regulations. Professional traders can apply to increased margin rates.

XTB Review Brokers Trading Platform
XTB Review Brokers Trading Platform

Is XTB a Legit Broker?

Yes, they are licensed and regulated in many countries, by the government financial regulators. The reason smart people online invest with a licensed broker, is because there are many investment scams online. By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the government regulators.

On Scam Broker Investigator, you can find reviews of more than 700 brokers and trading apps. Before investing, you must verify that the brokerage firm in fact has a valid license in your country.

  • X-Trade Brokers DM SA is the parent company of XTB, and they are licensed by the Komisja Nadzoru Finansowego (KNF) in Poland. This license in then used to register in other countries like Germany and Spain.
  • XTB Limited is licensed and regulated by the FCA (Financial Conduct Authority) in England. Their FCA license number is 522157, and they have been licensed since 2010. Address is: Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom.
  • XTB Limited is also licensed in Cyprus by CySEC (the Cyprus Securities and Exchange Commission) and their licence number is 169/12.

 

XTB Broker Review Accounts

 

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