XTB Review 2021 - Pros and Cons Revealed

XTB is founded in 2002 and it is primarily Forex and CFD broker. It has a big amount of offices around the globe, and it is regulated by several authorities including FCA. It is also listed on the Warsaw Stock Exchange which requires transparency. It is one of the brokers with excellent customer service. It offers to the brokers two trading platforms, relatively low cost, and cryptocurrency trading via CFD.

Account:

The broker offers two types of accounts: Standard and Pro. For both types, you get the same trading conditions as platforms, traded instruments, support, minimal lot. The only difference between them is that the Pro account is an ECN account. It offers lower spreads but requires commission which starts from 3gbp per lot. The leverage for both account types is 1:30 and the minimum lot is 0.01. The broker also offers Negative Balance Protection which is important.

Instruments:

XTB offers to their clients to trade over 1500 instruments. The list with instruments include forex, indices, commodities, single stock CFDs, ETFs and Crypto currencies. In the table below, you could see the list of forex pairs.

The indices cover the most of main world exchanges – Dax, SP500, Dow Jones, NASDAQ and many other. Among commodities, you could find cocoa, coffee, corn, natural gas, oil, soybean sugar and wheat. In addition, XTB offers their clients to trade the biggest cryptocurrencies like Bitcoin, Ripple, Litecoin, Etherium, Steller, EOS, Dash, Tron and Monero.

INSTRUMENT	MIN SPREAD	TARGET SPREAD	SWAP Long / Short
AUDCAD	0.00044	0.00046	-4.479 / 1.601
AUDCHF	0.00044	0.00044	1.342 / -4.447
AUDJPY	0.04	0.043	0.056 / -3.459
AUDNZD	0.00091	0.00091	-2.619 / -1.478
AUDUSD	0.00017	0.00019	-3.123 / 0.017
CADCHF	0.00047	0.00054	4.185 / -7.316
CADJPY	0.041	0.035	3.015 / -6.447
CHFHUF	0.14	0.24	-1.397 / -0.077
CHFJPY	0.035	0.045	-5.133 / -0.957
CHFPLN	0.002	0.002	-4.159 / 1.45
EURAUD	0.00043	0.00046	-9.565 / 2.121
EURCAD	0.00051	0.00053	-13.248 / 7.151
EURCHF	0.00021	0.00023	-5.093 / -3.797
EURCZK	0.021	0.021	-2.779 / 0.649
EURGBP	0.00009	0.00013	-5.019 / 0.777
EURHUF	0.18	0.24	-1.312 / -0.31
EURJPY	0.021	0.023	-4.833 / -1.865
EURNOK	0.0037	0.0042	-7.627 / 2.71
EURNZD	0.00106	0.00111	-11.242 / 2.924
EURPLN	0.0019	0.0021	-4.283 / 1.304
EURRON	0.0038	0.0048	-5.348 / 3.021
EURSEK	0.0041	0.0043	-3.109 / -1.996
EURTRY	0.00057	0.0026	-333.091 / 145.913
EURUSD	0.00006	0.00007	-9.567 / 3.452
GBPAUD	0.00075	0.00089	-4.188 / -3.417
GBPCAD	0.00024	0.00032	-9.201 / 3.062
GBPCHF	0.00037	0.00045	2.044 / -8.449
GBPJPY	0.049	0.055	-0.451 / -6.568
GBPNZD	0.00075	0.00088	-5.777 / -2.793
GBPPLN	0.0032	0.0033	-3.15 / -0.044

Platforms:

XTB offers two platform types: xStation and Metatrader 4. The xStation platform has two different versions - one for mobile trading xStation Mobile and the desktop version xStation 5. Both platforms offer user-friendly interface, charting, quick opening positions. There is also a sentiment index for all the instruments and economic calendar.

The desktop version of Metatrader4 is the most powerful trading tool for trading. It offers all the basic functionality - trading, order management, charts, indicators, news. But it also gives you the ability to create your custom scripts, indicators, and expert advisors. This happens through custom script language - Mql4. Even if you don't have programming skills you can use tons of created tools by the large community build through the years. You can download expert advisors, custom indicators, and scripts. If you have difficulties in programing specific things there are many forums with people that are willing to help. The platform has also a build-in backtester where you can test how your trading strategies have performed in the past.
The build-in social trading connects the signal providers with the investors. It requires just a few clicks and you are ready to provide signals or invest in signal providers.
The downside of using expert advisors or signals is that you have to keep your desktop platform running. The build-in VPS service can handle that in the best possible way.

Conclusion:

XTB is one very secure regulated broker. It offers competitive spreads in the range of 0.7-0.8 in EURUSD. Their platforms support automated trading and all the possible device you may have. All that is packed with excellent customer support.