4.5/5

Your capital is at risk

    Available Countries
  • UK, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer, Paypal (Show More)
  • Cryptocurrency CFDs
    Exchange Type
  • CFD Trading Platform (CFD)
  • CFD Instruments
  • Crypto, Indices, Forex, Commodities, Shares, ETFs
Margin Trading
  • Yes
  • Built In Wallet
  • No
  • Compensation Scheme
  • No
  • Regulated
  • Yes
  • Minimum Deposit
  • 250 EUR/USD/GBP
  • Deposit Fees
  • Free (Show More)
  • Withdrawal Fees
  • Varies, Based on a fixed fee starting from 16 EUR (Show More)
  • Trading Fees
  • Varies, No overnight or maintenance fees (Show More)
  • Limits
  • Varies, 1:2 Leverage for cryptocurrency CFDs (Show More)
  • Verification
  • KYC Verification (Show More)
  • Jump to page contents

    XTB Platform Review

    XTB is one of the largest CFD platforms that offers trading in a variety of financial assets like stocks, cryptocurrencies, commodities, forex, ETFs, and indices. The trading platform is owned by XTB Limited, which is headquartered in London, United Kingdom. XTB has offices in over 13 countries including UK, Poland, Germany, France and Turkey. With more than 14 years of experience, XTB has gained the trust of millions of members worldwide.

    Your capital is at risk

    XTB CFD Broker Review
    Screenshots are shown for illustration purposes only. Actual product may vary.

    XTB Limited is authorized and regulated by the UK Financial Conduct Authority (FCA). To comply with the FCA regulations, XTB takes extensive measures to keep its clients’ funds secure by holding them in segregated bank accounts. Moreover, its clients are eligible to get compensation of up to 50,000 GBP per person, as they are protected under FSCS (Financial Services Compensation Scheme).

    xStation 5, the web trading platform of XTB is both intuitive and accessible, to provide a seamless user experience. It provides a detailed graph/chart for users to analyze the price movements of various assets. It supports 10+ languages including Spanish, French, Italian, German and Portuguese. Apart from xStation5, XTB offers another trading platform named MetaTrader 4 which is available in both web and desktop versions.

    Like most of the trading platforms, XTB allows users to trade on the go using its mobile/smartwatch app on both iOS and Android devices. Moreover, XTB offers a free demo account (valid for 4 weeks) which will help users to test their trading skills without the risk of losing money.

    The following review analyses several aspects of XTB, whilst providing you with an all-rounded detailed overview of the trading platform and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend that you visit their site for any important updates which might occur after this review is published.

    Is XTB Safe?

    All the transactions made by users on XTB are protected with SSL encryption to provide better security. XTB stores the customers’ funds in segregated client bank accounts in accordance with FCA. Moreover, customers’ funds are protected by the Financial Services Compensation Scheme (FSCS) for up to 50,000 GBP per person in the unlikely event of the company’s insolvency.

    XTB CFD Trading Platform

    XTB allows users to trade CFDs of the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple. Apart from cryptos, XTB also offers CFD trading in stocks, forex, commodities, indices, stocks, and ETFs. To get the full list of financial assets available on XTB, check out their website. The trading platform offers a demo account with a balance of 100,000 GBP to help users learn trading skills without the risk of losing their money.

    Your capital is at risk

    User Friendliness

    The trading platform of XTB is simple and easy to navigate. With its elaborate graphs/charts, users can easily understand the price changes of assets and they can configure price alerts for the individual instrument as well. Moreover, users can customize the layouts of the CFD platform by selecting one of the four options: Grid, Vertical, Horizontal, Fullscreen.

    XTB also offers a mobile app (Android / iOS) to help users when trading on the go.

    XTB CFD Trading Account

    The sign-up process on XTB is extensive since you need to fill their application form which has fields including your name, address, phone number, income, and assets. In addition to providing your personal information, you need to answer a few questions related to your trading knowledge.

    XTB offers two types of accounts: Standard and Pro. There is no commission for Standard accounts whereas a nominal commission is applicable for Pro accounts. Besides commission & spread, there is no significant difference between these two types of accounts. Check out their website, if you are looking for a detailed comparison between them.

    How to Sign up with XTB

    Follow the below steps to create your account on XTB:

    XTB Exchange Sign up

    1. Navigate to their site and click ‘CREATE ACCOUNT’.
    2. Enter your email address and select your country.
    3. After agreeing to their terms, click on ‘NEXT STEP’.
    4. Enter a strong password and click ‘NEXT STEP’.
    5. Follow the on-screen instructions to fill all required fields in the application form.

    Congratulations! You have successfully created your account on XTB. In order to start trading, you must complete the KYC procedure by navigating to Client Office. Then, log in using your credentials and upload the required documents to verify your address & identity. Once your documents are approved, your account will be activated.

    How to Log in with XTB

    To log in to your account, follow the below steps:

    XTB Exchange Login Screen

    1. Navigate to their site and click ‘Login’ on the to right.
    2. Click XSTATION 5 REAL/DEMO.
    3. Enter your email address, password and click ‘Login’.

    Now, you will be logged in to xStation5,  web platform of XTB.

    Verification Requirements

    Since XTB is a regulated CFD platform, you must verify your phone number and submit all the required documents to confirm your account, before starting to trade. To verify your identity, you must upload a copy of a valid government-issued ID such as passport, driving license or a national identity card. To verify your address, you can upload a bank statement, utility bill, tax statement or phone bill.

    How to Buy or Sell Bitcoin CFDs with XTB

    Before buying/selling CFDs, you would first be expected to have verified your account and already deposited the required funds.

    How to Deposit Funds on XTB

    Follow the below steps to deposit funds on your account. The minimum deposit amount is 250 EUR/USD/GBP.

    1. Log in to your Client Office and click ‘Deposits’ tab.
    2. Select your trading account and payment method.
    3. Follow the on-screen instructions by filling all the required information to deposit funds on your account.

    Once your transaction is processed, funds will be credited to your account. Generally, bank transfers will take a bit of a long time when compared to electronic wallets like Paypal.

    Now, let’s see how to buy/sell Bitcoin CFD on XTB.

    XTB Buy or Sell Bitcoin CFD
    Screenshots are shown for illustration purposes only. Actual product may vary.
    1. Log in to your account.
    2. Under ‘Market watch’, select Bitcoin.
    3. Click the information icon (which is the letter ‘i’ button) to open the order screen.
    4. Enter the volume of your order and select ‘Stop Loss’ or ‘Take Profit’ to set the order type.
    5. Click the ‘Buy’ or ‘Sell’ button depending on the direction of your trade.

    Once your order is placed, you can track the status of your assets under ‘Open positions’.

    Your capital is at risk

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    How to Cash Out on XTB

    Follow the below steps to place your withdrawal request: to avoid fees, make sure that your withdrawal amount is greater than or equal to the threshold, which varies depending on the currency. For example, if your withdrawal amount is greater than 80 EUR, then a fee is not applicable. Refer to the ‘Platform Fees and Limits’ section of this post to know more information about withdrawal fees.

    1. Log in to your Client Office and click on the ‘Withdraw’ tab.
    2. Select your trading account and enter the amount of withdrawal.
    3. Click ‘Withdraw’ and follow on-screen instructions to place your withdrawal request.

    Generally, all withdrawal requests are processed within the same day, if it is made before 1pm. Otherwise, it will be processed on the next working day. Once your order has been processed, your funds will be credited to your account depending on the processing time of your bank or card provider.

    Supported Cryptocurrencies

    At the time of writing, XTB supports trading the following cryptocurrency CFDs:

    ADABTC, BCHBTC, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), ETHBTC, ETHERCLASSIC, Ripple (XRP), Dash (DASH), DSHBTC, Litecoin (LTC), Stellar (XLM), TRXETH, TRXBTC, XMRBTC, EOS (EOS), EOSETH, EOSBTC, IOTABTC, LTCBTC, NEOBTC, XEMBTC, XLMBTC, XRPBTC, ZECBTC.

    To get the latest list of cryptocurrencies supported by XTB, kindly check out their website.

    Supported Countries

    XTB accepts members from a lot of countries worldwide to trade CFDs.

    Your capital is at risk

    Supported

    Except for the countries listed in the below section, XTB is available to all countries including  Chile, Norway, Cyprus, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovakia, Spain, Turkey, UK, United Arab Emirates, Sweden and any other country which is not listed in the ‘Excluded’ section.

    Excluded

    At the time of writing, XTB doesn’t accept residents in USA (& US dependants i.e. US Virgin Island/Minor outlying Islands), Afghanistan, American Samoa, Australia, Bangladesh, Belize, Bosnia and Herzegovina, Canada, Congo, Cuba, Democratic Republic of Congo, Ethiopia, Guyana, Hong Kong, India, Iran, Israel, Japan, Kenya, Laos, Libya, Macao, Mauritius, Mozambique, New Zealand, North Korea, Pakistan, Palestine, Puerto Rico, Singapore, Somalia, South Korea, Turkey, Uganda, Vanuatu, Venezuela, Vietnam, Yemen

    Platform Fees & Limits

    Every CFD trading platform has its own fee structure and limits.

    Fees

    XTB CFD Trading, Overnight & Spread Fees
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Trading Fees

    XTB doesn’t charge any commission on each trade for standard accounts. However, it does charge the spread fee based on the cryptocurrency.

    Deposit/Withdrawal

    XTB doesn’t charge any deposit fee for payments made through bank transfer and credit/debit cards. However, a fee of 2% of the deposit amount is applicable for electronic wallets like PayPal and Skrill. For withdrawals, a fixed fee is applicable, if the withdrawal amount is less than the threshold. For example, if the amount of withdrawal is less than 80 EUR, then a fee of 16 EUR is applicable. Moreover, fees vary depending on the currency in question.

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    To know more information about deposit and/or withdrawal fees, check out their website.

    Spread Fee

    The calculation of spread can be conducted by subtracting the selling price from the buying price of the instrument. The spread fee depends on your account type (Standard/Pro) and the market that you trade on. The spread on the Standard account is floating and the minimum spread is 0.9 pips. However, spread on the Pro account is market spread and the minimum spread is 0 pips. For Bitcoin, the minimum spread is 0.5% of the market price. To find spreads for other cryptocurrency CFDs, check out their website.

    Swaps

    The swap fee is essentially the cost of rolling the transaction from one day to the next. It is applicable if you are holding a position overnight. The fee depends on the market and trade type: long (bought) or short (sold).  For example, swap point for Bitcoin is -30 (long) and -10 (short).

    Limits

    For deposits, the minimum amount is set to 250 EUR/USD/GBP. For withdrawals, there are no minimum or maximum limits set by the platform. However, a withdrawal fee is applicable if your amount of withdrawal is less than the threshold. The threshold for different currencies is 80 EUR, 100 USD, 60 GBP, and 12000 HUF. The CFD platform offers a leverage of up to 1:2 for trading CFDs in cryptocurrencies.

    Supported Payment Methods

    XTB supports a wide range of fiat payment options with four fiat currencies (EUR, USD, GBP, HUF) which are given below:

    • Credit/Debit cards (VISA/Mastercard/Maestro)
    • Bank transfer
    • Paypal
    • Skrill
    • Neteller
    • Paysafe

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    XTB Security

    Unlike most trading platforms, XTB doesn’t provide 2FA protection to protect users’ accounts from unauthorized access. However, you can enable user confirmation so that opening or closing positions will not be processed without your consent.

    XTB Customer Support

    XTB has a dedicated phone number to provide 24/7 customer support to its users. In addition to this, XTB provides chat support to quickly resolve customers’ queries. For general inquiries, users can refer to articles on the FAQs section.

    Top Competitors

    XTB vs. Trading212

    Both these trading platforms are regulated in all jurisdictions they operate and allow users to trade CFDs over a wide range of financial instruments including Forex, Commodities and all the top cryptocurrencies. Like XTB, Trading212 also keeps customers’ assets in segregated bank accounts and provides compensation for them, in case it is not able to repay its customers. Both XTB and Trading212 doesn’t provide 2FA protection to prevent unauthorized access. As for fees, both CFD trading platforms don’t charge any commission or a fee to deposit/withdraw funds. However, they do charge other kinds of fee such as overnight fee and spread fee.

    XTB vs. Investous

    Since they are regulated, both these CFD platforms expect their users to verify their identity by uploading all required documents. Both XTB and Investous tries to quickly resolve issues faced by their customers via live chat support. Regarding fees, XTB doesn’t deduct any fee for inactivity whereas Investous charges a monthly inactivity fee of 80 EUR or more depending on the length of inactive period. Both platforms don’t offer 2FA protection, at the time of writing.

    XTB vs. IQOption

    Both XTB and IQOption are regulated CFD platforms that allow users to trade a variety of financial instruments. IQOption imposes various trading fees such as overnight, spread, maintenance, and inactivity fee, whereas XTB charges only spread & swap fee. With XTB, users are eligible to get compensation in case the company gets dissolved whereas IQOption doesn’t provide any insurance for customers’ funds. Both platforms support multiple payment options and don’t charge any fee for depositing funds whereas a withdrawal fee is applicable in both cases.

    Conclusion

    Being a regulated trading platform with a lot of good features like multiple payment options, low fees for deposits or withdrawals and the availability of a demo account, XTB is a good platform for both novice and seasoned traders to buy cryptocurrency CFDs.  However, users should consider the fact that CFDs are complex financial instruments which always carry a high level of risk, since leverage can work both to your advantage and disadvantage. Therefore, you cannot eliminate the possibility of losing your funds.

    Your capital is at risk

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Rating Score

    4.5

    Pros

    • Regulated CFD platform
    • Availability of a Demo Account
    • Multiple fiat payment options
    • No fees for deposits
    • Supports all operating systems (Windows, Mac, Android, iOS)
    • Insurance for clients’ funds

    Cons

    • No live chat
    • Lengthy registration process

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