🔥 XTB test 2021: broker experiences & rating

Anyone who wants to speculate with stocks, ETFs and currencies needs a reliable broker by their side. But what to look for when looking for one Online Broker going? Is it primarily just a question of the range of trading instruments or is it ultimately enough just to know that the broker is a regulated broker?

XTB, one of the best-known brokers in Germany, scores on several levels. Nevertheless, it is important to ask yourself in advance what is important to you personally. This is the only way to find out in the course of the comparison whether or not it is a recommendable broker.

XTB website

XTB Brief Overview - The most important facts about XTB

  • The broker was initially founded as X-Trade in Poland
  • XTB has a branch in Germany
  • CFD trading primarily appeals to both risk-conscious and opportunity-oriented traders
  • The broker is regulated

Registration with the broker XTB: Our step by step guide

If you have come to the conclusion that you want to earn money with the broker XTB as part of CFD trading, you first have to open an account.

Open an XTB account

1. Registration with XTB 

Every potential new customer must first create an account under "Open depot". Personal data is requested from the broker - this includes, for example, the name, home address and a valid email address such as telephone number. A password must also be stored. XTB also requires information about previous trading experience.

2. Verification

When it comes to verifying the identity or the account, this is done using the VideoIdent procedure. In this case, it must be taken into account that a valid photo ID, which can be a passport, ID card or driver's license, must be held in the smartphone's camera.

3. deposit

Once the account has been opened, it is possible to make the first deposit. Please note that XTB accepts the online payment service provider PayPal. Furthermore, you can top up the account with the immediate transfer or opt for a bank transfer. Depending on the selected deposit method, the money is available either immediately or after two to four working days in the XTB account.

4. Trading on the platform 

Once the deposit has been made, CFD trading can then be started. ETFs, futures such as options, currencies and stocks are available.

What is the XTB broker? The history of the broker

XTB is an online broker founded in Poland. At the beginning, the broker was called X-Trade. X-Trade Brokers DM SA German Branch is behind the online broker.

The seat of the broker is today in Frankfurt am Main. That is also the reason why the broker is controlled or regulated by BaFin, the Federal Financial Supervisory Authority.

Our XTB experiences: The XTB conditions in the test

If you look at the conditions of the broker, you will notice that there are some positive points that absolutely must be mentioned.

Trading at XTB: The offer of the individual trading instruments in the test

Trading in forex, indices, commodities, stocks, ETFs and cryptocurrencies is offered.

Trading stocks & ETFs

Trade XTB stocks and ETFs

If you are interested in trading shares, you can access over 2.000 public companies via XTB. In total there are shares from over 16 stock exchanges. The heavyweight here may be the USA. XTB also scores with real-time prices, which are made available free of charge.

Trade XTB indices


XTB ETF trading

Those who prefer to deal with ETFs have a selection of over 200 ETFs here.

Trading Forex

XTB trading in forex


XTB offers traders around 50 currency pairs with which they can then speculate. Even micro lots can be traded here. Of course, not only the well-known EUR / USD or EUR / GBP currency pairs are included here, but also a few exotic ones.

Trading in raw materials

XTB commodity trading


If you prefer to work with gold, oil or silver, you will find the right selection here.

Trading in cryptocurrencies

XTB trading in cryptocurrencies


XTB will appeal to crypto fans too. Because via the online broker you can also use Bitcoin, Ripple such as DASH and others crypto currencies to be speculated.

The functions of the XTB trading platform

XTB trading platform download

Various trading platforms are made available by XTB. The xStation 5 platform is a browser-based solution. In 2016 xStation 5 received the “Online Personal Wealth Award” in the “Best Trading Platform 2016” category. Particularly noteworthy are the real-time news as well as the real-time market comments and the live statistics of customer performance. Furthermore, xStation 5 scores with a very extensive chart package. There is also a share scanner and trading calculator.

In addition to xStation 5, traders can also use the AgenaTrader and MetaTrader 4 platforms. These are trading platforms that are available free of charge. MetaTrader 4 may be particularly popular here. The disadvantage of being interested in AgenaTrader? The minimum deposit here is 10.000 euros.

XTB account types

The online broker XTB provides two accounts - the standard and the pro account.

If you opt for the standard account, the trader can use CFDs on foreign exchange, stocks, commodities such as indices, ETFs and cryptocurrencies, whereby "real" ETFs and stocks can also be used. It should be noted that the maximum leverage is 1 in 30. The professional trader can leverage a maximum of 1 in 200. The spread for the standard account starts at 0,00008. The minimum order size is 0,01 lots. No fees are charged for opening or maintaining an account. When executing the order, you can choose between instant and market execution.

Those who use the Pro account can access the same trading instruments. There is no difference in the lever either. However, there is only one market execution when the order is executed and the minimum spread starts at 0,00001. While trading in crypto currencies is free of charge with the standard account, a fee of 3,50 euros / transaction is charged for the pro account.

By the way, if you are still unsure whether you want to invest your savings or first want to safely deal with the functions of the broker, you can use the demo account. The free demo version is available for 30 days and includes virtual capital of 10.000 euros.

The XTB app

Of course, you can also do business with the XTB app on the go. It should be noted that there are mobile applications for the xStation 5 and MetaTrader 4 platforms. The two apps are available for iOS and Android.

XTB Mobile App

The deposit methods at XTB

XTB accepts the following payment methods:

  • Bank Transfer
  • Credit card
  • Maestro
  • PayPal
  • Sofortüberweisung
XTB deposit methods at a glance

 

The account management takes place in either euros or US dollars. There are no deposit or withdrawal fees. However, it must be taken into account that the balance on the XTB account can only be paid out by bank transfer.

Security at XTB

If the broker is convincing with the trading instruments and the trading platforms, then the next issue is security - so can the broker be given the necessary trust?

Regulation of XTB

XTB is a broker that is internationally regulated several times. This is due to the branches in different countries. In Germany, the broker is regulated by BaFin - in Great Britain the Financial Conduct Authority (FCA for short) is responsible for XTB. The broker is also regulated by the Polish Komisja Nadzoru Finansowego (KNF for short). That means, you don't have to worry that the broker is pursuing fraudulent activities. If you take into account the regulations and the associated requirements, this is not possible.

Deposit insurance from XTB

In order to comply with the requirements of the regulatory authorities, it is necessary for the broker to keep client funds from business assets. This is so that the customer still has access to his money in the event of a possible bankruptcy of the broker. By the way, the deposit protection is 20.000 euros.

XTB's customer service

All those who have problems or would like to have a question answered can always contact one of the broker's staff. Either you use the possibility of email contact or you can opt for live chat. Even if the broker has a German branch, there are almost only English-speaking employees. In addition, there are no contact times - so it is advisable to just try it if you have a concern.

XTB customer service and support


XTB Conditions: Fees & Costs

XTB pursues a transparent fee model, so that one can assume that there are no hidden costs here.

spreads

The spreads of the most popular assets are variable and start at 0,1 pips for EUR / USD and 0,4 pips for USD / JPY. For gold it is 0,35 points and for oil 0,04 points. If you are interested in the DAX, you have to expect 1 point - for the S&P 500 the spread is 0,5 points.

fees

The fees are based on the selected account model.

Standard account
  • Forex, indices and commodities: free of charge
  • German stocks and ETFs: 0,10 percent, but the minimum fee is 3,99 euros
  • German share CFDs and ETF CFDs: from 0,08 percent, but the minimum fee is 8 euros
  • International stocks and ETFs: 0,10 percent, but the minimum fee is 4,99 euros
  • Cryptocurrencies: free of fees
Pro account
  • Foreign exchange, indices and commodities: 3,50 euros / lot (applies when opening and closing the position)
  • German stocks and ETFs: 0,10 percent, but the minimum fee is 3,99 euros
  • German share CFDs and ETF CFDs: from 0,08 percent, but the minimum fee is 8 euros
  • International stocks and ETFs: 0,10 percent, but the minimum fee is 4,99 euros
  • Cryptocurrencies: 3,50 euros / transaction

Furthermore, XTB charges a so-called inactivity fee if the broker records inactivity of the trader for more than 365 days. In this case, an inactivity fee of 10 euros / month will be charged.

Experiences and user opinions about XTB on the Internet

XTB experiences and ratings


If you are looking for testimonials, you will notice that the majority of the texts written are positive. Of course, there may always be one or the other critical assessment, but it should be mentioned that XTB is still perceived positively.

Is XTB a scam or legitimate? Our XTB rating

The broker offers its services internationally and is also regulated by BaFin - two reasons why one must very well assume that it is a reputable provider. If you look behind the scenes, you will notice that XTB is a reputable provider who cannot be said to be planning or pursuing fraudulent or dubious machinations.

Cons of XTB: What did we not like?

Please note the widely varying conditions of the available account models and the fact that the cryptocurrencies in the pro account are more expensive than in the standard account. Furthermore, the fact that the employees only speak English can be disruptive. Furthermore, it is unclear at what times the employees are available. That means you have to try out whether you can reach an employee or not.

Advantages of XTB: What did we like

The broker is regulated, presents several trading platforms, offers some contact options for traders and is also convincing with the trading instruments available. Furthermore, the broker pursues a transparent and fair fee model.

XTB experiences: frequently asked questions about the broker

What is XTB?

XTB is an online broker. Due to the fact that it has a German branch, the broker is also known to German traders.

Is XTB a recommendable broker?

Those who like to trade with CFDs will perceive XTB as a recommendable broker. Especially because the broker is regulated.

Will I be able to trade successfully with XTB?

Yes, the broker forms the foundation for a successful trade, so to speak.

How is the test and the experience of Bitcoin-news.one about XTB?

Ultimately, XTB can be classified in the recommended category. If the broker can meet their own ideas, which should be queried for themselves before each comparison, XTB may be an interesting alternative if you want to make money with CFD trading.

Frequently asked Questions: 

XTB is an online broker. Due to the fact that it has a German branch, the broker is also known to German traders.

Those who like to trade with CFDs will perceive XTB as a recommendable broker. Especially because the broker is regulated.

Yes, the broker forms the foundation for a successful trade, so to speak.

Ultimately, XTB can be classified in the recommended category. If the broker can meet their own ideas, which should be queried for themselves before each comparison, XTB may be an interesting alternative if you want to make money with CFD trading.

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Callie Machalat

Callie Machalat from Bitcoin-News.one understands the information needs of the crypto community members, traders, researchers and developers looking for reliable information to understand and participate in the crypto revolution.

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