XTB Forex Broker Review
FXMARE editorial rating, not user reviews.
Reviewed by the FXMARE Research Desk under our review methodology · licences last verified 2026-06-25
A publicly listed, multi-regulated Polish broker offering zero-commission CFDs and real stock investing via its award-winning xStation 5 platform.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Between 74% and 89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs and leveraged products work and whether you can afford to take the high risk of losing your money. FXMARE is not a broker and does not offer these products; figures are indicative of those disclosed by regulated providers. This page is information, not financial advice. See our full risk disclosure.
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XTB Overview
A publicly listed, multi-regulated Polish broker offering zero-commission CFDs and real stock investing via its award-winning xStation 5 platform.
XTB is regulated by FCA (UK), CySEC (Cyprus), KNF (Poland), CNMV (Spain), BaFin (Germany), DFSA (UAE), IFSC (Belize). Independently verifiable licences include CySEC CIF 169/12. It ranks among the most trusted, tier-1-regulated brokers in this comparison.
EUR/USD spreads are around 0.9 pips, with $0 (Standard CFD accounts; legacy Pro account charged ~$7 round-turn but is no longer offered to new clients) commission. The minimum deposit is $0 (no minimum) and maximum retail leverage is 1:30 (EU/UK retail), 1:500 (non-EU/offshore entities). Swap-free (Islamic) trading is offered conditionally — Available via XTB International (non-EU/UK) entity only; UK and EU clients are not eligible. Swap-free applies to specific instruments and specific holding periods only — not all products qualify. An admin fee replaces swap charges. Clients must open a separate swap-free account (existing accounts cannot be converted). No public fatwa or independent Sharia certification has been issued as of mid-2025..
Platforms include xStation 5, MT4. XTB provides ~11,000+ (including ~2,300 CFDs on forex, indices, commodities, crypto, stock CFDs, ETF CFDs; plus real stocks and ETFs for investing accounts) across Forex, funded via Bank transfer, Credit/debit card, PayPal (select regions), Skrill (2% fee), Neteller (1% fee).
XTB stands out for its exceptional regulatory depth — FCA, CySEC, KNF, and several other top-tier licenses, backed by a Warsaw Stock Exchange listing that adds a layer of public accountability rare among CFD brokers. The zero-commission structure and no minimum deposit make it genuinely accessible, and xStation 5 is one of the most polished proprietary platforms in the retail space. The main weaknesses are the retirement of the raw-spread Pro account for new clients, the absence of MT5/cTrader for algorithmic traders, and a meaningful 2026 KNF regulatory fine that warrants monitoring as a conduct-of-business flag.
Headquarters: Warsaw, Poland · Funding: Bank transfer, Credit/debit card, PayPal (select regions), Skrill (2% fee), Neteller (1% fee)
Pros
- Multiple top-tier regulators including FCA and CySEC; publicly listed on Warsaw Stock Exchange since 2016
- No commission on CFDs and zero minimum deposit lowers the barrier to entry significantly
- Proprietary xStation 5 platform is consistently rated among the best for usability and integrated analytics
- Competitive EUR/USD spreads (~0.9 pips on Standard) — below industry average of ~1.2 pips
- Exceptionally broad instrument range (~11,000+) covering CFDs, real stocks, and ETFs
Cons
- No raw/ECN spread account available to new clients; the Pro account with tighter spreads + commission was retired for new sign-ups
- MT4 removed for UK and EU clients (March 2024); no MT5 or cTrader — locked into xStation ecosystem
- Islamic swap-free account excludes EU/UK clients and carries admin fees with limited instrument coverage
- KNF fined XTB PLN 20 million (~$5.5M) in April 2026 for MiFID II conduct breaches related to CFD marketing and appropriateness checks
Ratings Breakdown
XTB Fees & Costs
Regulation & Safety
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
XTB is authorised by FCA (UK), CySEC (Cyprus), KNF (Poland), CNMV (Spain), BaFin (Germany), DFSA (UAE), IFSC (Belize). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Want a deeper, sourced safety check? See our broker safety checks — regulator registers, review-platform sentiment and unresolved questions, in one place.
Platforms
Available on desktop, web and mobile. Tradable across Forex. Track every position you take with XTB in the FXMARE trading journal.
FXMARE Verdict
XTB stands out for its exceptional regulatory depth — FCA, CySEC, KNF, and several other top-tier licenses, backed by a Warsaw Stock Exchange listing that adds a layer of public accountability rare among CFD brokers. The zero-commission structure and no minimum deposit make it genuinely accessible, and xStation 5 is one of the most polished proprietary platforms in the retail space. The main weaknesses are the retirement of the raw-spread Pro account for new clients, the absence of MT5/cTrader for algorithmic traders, and a meaningful 2026 KNF regulatory fine that warrants monitoring as a conduct-of-business flag.
Affiliate link · no minimum deposit · Trading CFDs is high-risk
XTB — frequently asked questions
Is XTB regulated?
XTB states it is authorised by FCA (UK), CySEC (Cyprus), KNF (Poland), CNMV (Spain), BaFin (Germany), DFSA (UAE), IFSC (Belize). We last checked those licence details against the regulators' own public registers on 2026-06-25. Licences are entity-specific: the group company that onboards you depends on your country, so confirm which entity your client agreement names before depositing.
What is the minimum deposit at XTB?
XTB lists no minimum deposit. Minimums vary by account type, funding method and regional entity, so treat this as indicative and confirm the figure on the broker's own site for the account you intend to open.
What spreads does XTB offer on EUR/USD?
XTB advertises spreads from 0.9 pips, with EUR/USD quoted around 0.9 pips (standard). Commission: $0 (Standard CFD accounts; legacy Pro account charged ~$7 round-turn but is no longer offered to new clients). Advertised "from" figures are floors seen in ideal conditions rather than averages — compare total cost per round turn (spread plus commission) at the volume you actually trade.
What is the maximum leverage at XTB?
XTB advertises up to 1:30 (EU/UK retail), 1:500 (non-EU/offshore entities). Leverage caps are set by the regulator of the entity you trade with, so retail clients in the UK, EU and Australia receive materially lower caps than the headline figure. Higher leverage magnifies losses as much as gains.
Does XTB offer swap-free (Islamic) accounts?
Partly. XTB offers swap-free trading with conditions. Available via XTB International (non-EU/UK) entity only; UK and EU clients are not eligible. Swap-free applies to specific instruments and specific holding periods only — not all products qualify. An admin fee replaces swap charges. Clients must open a separate swap-free account (existing accounts cannot be converted). No public fatwa or independent Sharia certification has been issued as of mid-2025.
Which platforms does XTB support?
XTB supports xStation 5, MT4. Platform availability can differ by entity and account type — a platform offered in one region is not guaranteed in another, so verify it is available on the specific account you plan to open.
Community Rating
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Complaints & Resolutions
No complaints filed against XTB. If you’ve had an unresolved issue, you can file one above.
FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of XTB. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.