XTB: A Great Way To Trade CFDs And Forex

July 11, 2020
Brokers
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XTB is a Forex and CFD trading platform that is gaining a lot of positive reviews of late. It is regulated by the UK’s Financial Conduct Authority and Poland’s KNF, which renders credibility to the platform. The broker is available in 14 countries and has some great features like an interactive interface. The broker offers more than 1,800 stock CFDs, 100 ETFs, 25 crypto CFDs and 18 commodity CFDs which include aluminum, gold, platinum and palladium. If you are a CFD broker who loves trading commodities, stock and crypto then signup now.

However, if you are looking for a no commission broker that offers similar variety to XTB then have a look at Capital.com. Capital.com also has one of the most vast educational repositories in the form of online tutorials, videos and courses, as well as a dedicated account manager that will help you out with any issues or questions about the platform, making it an aswesome way to go from beginner to pro.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with XTB and scored our findings on a 10-point scale across 10 distinct categories.
Fees 5
Signup Process 9
Minimum Deposit 8
Ease of Use 10
Deposit & Withdrawal Options 7
Customer Support 10
Asset Classes 10
Referral Program 0
Demo Account & Educational Resources 9
Safety & Regulation 10
Total 78

The final score for XTB is 78, which is really good in terms of our scoring guidelines. The app has a brilliant interface, decent customer support and a good safety score making XTB an overall good trading platform.

Introduction

XTB is a CFD, cryptocurrency and forex broker with offices in 10 countries. The broker agency came into inception in 2002 and has its headquarters in London and Warsaw. It is regulated by the UK’s Financial Conduct Authority (FCA) and Polish Supervision Authority (KNF). XTB is also listed on the Warsaw Stock Exchange and allows you to trade in currency pairs, stock CFDs, stock index CFDs, Commodity CFDs and 25 cryptocurrencies. This makes it a great platform to find a range of CFDs and forex trading options. The broker is available in 14 countries which include the following:

ChillieItaly
TurkeyFrance
PortugalSpain
PortugalUK
Saudia ArabiaCyprus 
SloveniaGermany
RomaniaHungary

If you are someone in Asia, Africa or Europe looking for a good broker do check out IQ Option, Tickmilland easyMarkets aswell as these brokers cover a lot of African nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations.

Word of Caution

Dealing with CFD’s is very risky because you are trying to predict the price of an underlying asset. Usually, 70% of consumers lose money when they invest in CFDs with different brokers. Hence, you should try and only invest in CFDs when you have good knowledge of how CFD’s work. Now let’s have a quick look at some pros and cons of using this broker.

XTB Pros & Cons

ProsCons
Low forex and stock index CFD fees.Stock CFD trading costs are high
No Deposit fees.Slow customer service via email
Quick and free deposits and withdrawals.High fees of 2% for using electronic wallets for depositing funds
The app is available in 19 languages.High fees of 20% for withdrawals below $100

XTB Account Types

There are 2 types of accounts in XTB, the Standard and the Pro account. There aren’t many differences between the two apart from the charging methodology. Below, we delve into the difference between standard and pro accounts.

XTB Standard Account

The Standard Accounts is a typical no-commission brokerage account. This means that you won’t pay commissions for trading, but you end up paying in terms of wider spreads. This can make it a good option for you if you are averse to paying commissions.

XTB Pro Account

This account offers much tighter spreads, but you pay a commission when trading. The commissions vary with respect to the magnitude of trades and the time a position is held. However, an example that we can give is that the CFD fees for a long position on $2,000 held for one week would be $2 provided the stock is from S&P 500. If you were to trade on the Europe 50 index the CFD fee would be $2.2.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Fees For Using XTB

Lets have a look at the fees structure to determine if XTB fits the bill for your investing needs

Summary of Fee Structure

Let’s have a quick look at the fee structure for the broker

Average CFD Spread In S&P 5000.6
Average Europe 50 CFDs2.2
Forex Commission Per Lot$4
E-Wallet Transaction Fee2%

Key Takeaways

  • The fees are built into the spreads for the stock CFDs. 0.6 pips are the average spread cost of trading CFDs in S&P 500 CFD. This provides
  • Europe 50 CFDs have an average spread cost of 2.2 pips which is slightly expensive.
  • Forex fees are $4 per lot of currency. One lot can contain an amount of 100,000 currency units.
  • There are no withdrawal fees in general, however, electronic wallets like Paypal and Skrill are charged a fee of around 2% of the total deposit, which can be quite high if the amounts that you are depositing are large. For instance, depositing $10,000 would translate to $200.

Non Trading Fees

Non-trading fees relate to activities not directly related to trading. For instance, activities like Deposit & Withdrawal fees or inactivity fees comprise to form non-trading fees. Moreover, fees like membership fees and inactivity fees also come under the category of non-trading fees.

Deposit & Withdrawal Fees For XTB

No deposit fees are associated with your XTB account, however, there is a 2% processing fee for using electronic wallets like Paypal & Skrill. There are no withdrawal charges for over $100, which is a big positive but the charges for below $100 can be quite significant. Let’s have a look at minimum thresholds for different currencies where the withdrawal fees are low.

Threshold & CurrencyWithdrawal Fee
$100$20
£80€16
£60£12

The withdrawal fees for small currency amounts are significant and contribute to 20% of the withdrawal amount. This can make it tough for you to withdraw your funds from the application especially if you want to close your account and you have funds in XTB.

Trading Fees

Trading fees are associated with direct trading activities such as spreads and commissions for trading. Let’s look at some of the trading fees for Tickmill which are on offer and the value they provide.

Forex Spreads

Forex trading is one of the most common types of trading. Often beginners in trading start with trading forex and then they delve into other types of assets. More often than not, the forex fees are built into spreads rather than the commission. XTB charges spreads rather than commissions like most brokers, let’s see what’s on offer here and what kind of value the broker provides for its users.

Forex PairMinimum SpreadTarget Spread
AUDCAD 0.000440.00046
AUDCHF 0.000440.00044
AUDJPY 0.0270.03
AUDNZD 0.000910.00091
AUDUSD 0.000110.00013
CADCHF 0.000470.00054
CADJPY 0.0410.035
CHFHUF 0.140.24
CHFJPY 0.0250.035
CHFPLN 0.0020.002
EURAUD 0.000430.00046
EURCAD 0.000510.00053
EURCHF 0.000210.00023
EURCNH 0.002150.00235
EURCZK 0.0210.021
EURGBP 0.000090.00013
EURHUF 0.180.24
EURJPY 0.0120.014
EURMXN 0.01050.0125
EURNOK 0.00370.0042
EURNZD 0.001060.00111
EURPLN 0.00190.0021
EURRON 0.00380.0048
EURRUB 0.0450.047
EURSEK 0.00410.0043
EURTRY 0.00520.0107
EURUSD 0.000060.00007
EURZAR 0.0140.016
GBPAUD 0.000750.00089
GBPCAD 0.000240.00032

The minimum spreads provided by XTB provide a lot of good value. Often brokers can have high initial spreads from 1 pip to even 4-5 pips which can be quite expensive. XTB provides a good value by having low spreads that can really help in grabbing good deals in different market conditions. The spreads are quite low even for niche currency pairs like EUR/TRY, EUR/ZAR, EUR/SEK.

This provides amazing value for users because the spreads for the aforementioned currencies can regularly be above 10 pips for most brokers. Another good feature is that there is not much difference between minimum spreads and target spreads. Moreover, the broker also does a good job in terms of providing similar spreads for most currencies irrespective of major, minor and exotic pairs.

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.

The overall fee structure is slightly expensive to the benchmarks in our scoring system and coupled with the withdrawal and depositing regulations the fees dimension scores a 5/10 in our scoring system. As you’ll learn further down the post, the process to get started can be rough for new users because of a high minimum deposit and it’s not friendly to get out of because of high fees for withdrawal of small amounts. For instance, if you are trading with amounts below $100 and wish to close your account it is almost sure that you will end up losing money since it will cost you 20% of your funds.

XTB Fees Score: 5/10

#2 Sign Up Procedure For XTB

The signup procedure for XTB is pretty simple and self-explanatory. You can open your account in 1 day. The procedure will help you in quickly getting signed up and start trading. Let’s look at the procedure at how you can get started.

Step 1: Provide Basic Account Information

First, you need to provide your email address and country of residency to get started.

Step 2: Add Personal Information

This step includes basic biographical details like your name, date of birth and physical address.

Step 3: Set Up Your Account

You basically just choose if you want a Pro or a Standard account along with the platforms that you want to trade in such as desktop or mobile version along with the base currency that you want to trade in.

Step 4: Provide Financial Information

You need to answer financial questions like your job, salary and whether or not you have past experience trading with different financial instruments.

Step 5: Verify Your XTB Account

In order to verify your account information, after you sign up you need to upload a picture of your ID card along with a bill or receipt that shows that you live in the country that you have chosen. Once verified you’re ready to trade.

The signup process is quite simple as you can see from the above list. Some of the commonly requested documents may include the following documents that you should perhaps try and get ready before you signup for the broker:

Proof Of ID Documents

  • Valid Passport
  • National Identity Card
  • Drivers License

Residency Documents

  • Tax statement or Bank statement (issued within the last 6 months)
  • Government-issued insurance or medical card
  • Utility bill (electricity, gas, home internet, landline phone, issued recently). The document must show a service that has been provided to your residency.
  • Address Confirmation/Statement from the local Mayor office/Municipality issued recently

How We Rank The Signup Procedue

We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded
  • Number of documents required
  • The time the verification process takes

The easier an account opening process is without unnecessary checks the higher the score is for this dimension.

Final Verdict On The Signup Procedue

The simple sign-up process and quick verification time which usually takes a day or so helps XTB score high in this dimension. The only reason it loses a point is that that there are brokers like Capital.com that allow for same-day account opening.

XTB Signup Process Score: 9/10

#3 Minimum Initial Deposit

The minimum deposit to get started with trading in XTB is $250. The amount is nominal compared to other apps that even require you to invest $1,000 or more to get started. However, This can be a bit much if you are not currently earning. This also makes it slightly tough for beginners to get started because then you have to significantly invest in the platform to get started.

If you want to look at other brokers with no minimum initial deposit requirements have a look at FXTM, IronFX , RBC Direct Investing as these brokers have no minimum initial deposit requirements and have good demo accounts and educational resources to get you started with trading.

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

Final Verdict On Minimum Initial Deposit

Keeping in mind the minimum deposit of other brokers, some of which don’t even require a minimum amount, XTB loses a couple of points because it can be slightly expensive for the students and small traders to get started with the platform.

XTB Minimum Initial Deposit Score: 8/10

#4 Ease Of Use

The broker has its own application across mobile, web and desktop applications but it is also available on the Meta Trader 4 platform. This provides flexibility for experienced traders who are adept at using the Meta Trader 4 platform rather than the brokerage’s platform. However, we found XTB’s own application namely Xstation 5 to have a better interface than Meta Trader 4 and found it to have a decent functionality aswell.

Xstation 5 Web & Desktop Platform

The web and desktop platforms have similar functionality. Usually, desktop applications can be heavier and have much more details than the web application but in XTB’s case, there’s good parity and similarity between the two. The broker provides a really good interface in-terms of having lear options and separate sections for different portions of the application. For instance, you can order clear fee reports, and search functions that allow you to type in what you’re looking for rather than manually selecting the options from a drag and drop menu item. Good customizability features are also available with the broker that help individuals add or decrease complexity from their dashboards and use them as they wish to.

Xstation 5 Mobile Platform

The mobile platform also has a lot of similarities with the other 2 platforms. However, like most mobile platforms there are seperate options for each subject in the application. The app also allows you to push notifications for price alerts and market alerts that is a feature that we really liked because it helps you to stay upto date and relevant.

The Interface In General

The interface of XTB is one of the friendliest ones that I have used. It’s simple, explanatory and helps you in trading. Below you can see a screenshot of the interface. You have data visible in the form of various graphs and textual information on the left side to assist you. You can also set up email notifications, phone notifications and push notifications.

XTB Ya'll

Similarly, the search feature window is simple and easy to use as you can see from the picture below. The interface is intuitive and easy to use. You can easily choose the financial instrument that you want to trade in and the country that you want to trade it in.

XTB

Xstation 5 Charting Tools

The charting tools provide a lot of customisability options for the users. This is something that is of value for many users as they can add various measures in charting features like statistical tools as per their needs.

Xstation 5 News Feed

The broker also offers newsfeed articles from various online sources aswell as the broker’s own research team. The fact that the broker has its own research team augers well for users, as this means that the research content would be constantly updated keeping inline with your portfolio and requirements.

Xstation’s Daily Training Videos

The platform offers educational videos in different languages it is available in. Moreover, they also have youtube videos to train you in using the platform and various trading assets. this offers some good value for users looking to get started with the platform.

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

ArabicGreekPersianGerman
BulgarianHebrewPolishMongolian
ChineseHindiPortugueseThai
CroatianHungarianRomanianTraditional Chinese
CzechIndonesianRussianTurkish
DanishItalianSerbianUkrainian
DutchJapaneseSlovakUzbek
EnglishKoreanSlovenianVietnamese
EstonianLatvianSpanish
FinnishLithuanianSwedish
FrenchMalayTajik

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.

Multibank

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.

Final Verdict Ease Of Use

The score for ease of use due to the simplicity and the detailed research tools available means that the broker scores a 10/10. A feature that we really liked is that the broker offers the choice for users to choose between Meta Trader 4 and its own proprietry platform thereby, providing choice for customers to choose what they like and want to use.

XTB Ease of Use Score: 10/10

#5 Deposit And Withdrawal Options

With a plethora of depositing and withdrawal options, XTB ranks well in this dimension. Let’s have a look at the overall depositing options that you have at XTB.

Some of the options that you can use to deposit funds in XTB are:

  • Bank Transfer
  • Credit and Debit cards
  • Paypal
  • Skrill
  • BlueCash (Available only in Poland)
  • PayU (Available only in Poland)
  • SafetyPay (Available only for clients outside Europe)

As you can see, there are quite a few options but a few of them are restricted to European countries only. But the broker covers most of the common methods of depositing funds across the globe for its users which provides some really good value for users. Skrill and Paypal for instance, are 2 very commonly traded platforms and the fact that the broker offers both of them means that it scores pretty highly as far as the scoring criteria for deposit options is concerned. However, when it comes to withdrawal options there are a fee issues that we have discussed below in the withdrawal options section of this article.

Withdrawal Options

A major drawback for the withdrawal optionsis that you can only withdraw via a bank transfer or wire transfer. This restricts the usage for many clients who may want to withdraw funds from the platform as bank transfers are often slow and are susceptible to withdrawal fees for small amounts below $100. We definitely think the broker should offer more withdrawal options aswell to provide parity across deposit and withdrawal methods and to provide choice for its users.

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

Final Verdict On Deposit & Withdrawal Options

The broker gets a high score for deposit options but the overall score for the dimension is dragged down because of the fact that the broker does not offer a lot of options for withdrawing your funds something that is not very useful and a bit misleading aswell because the broker easily allows you to deposit funds, when it needs your money but makes it tough to withdraw them when you need money.

XTB Deposit & Withdrawal Options Score: 7/10

#6 Customer Support

The broker provides customer support via 3 main platforms which exists in:

  • Live chat
  • Phone
  • Email

The customer support for emails is quick and usually provides support in a few hours. Moreover, customer support is available in 19 languages and you can reach out via live chat on the website, phone and email.The languages available include:

ArabicBulgarianChineseCzechEnglish
FrenchGermanHungarianItalianJapanese
PolishPortugueseRomanianRussianSlovenian
SpanishThaiTurkishVietnamese 

The broker covers 19 languages with most of the commonly used languages in the world. For instance, the broker covers many European languages along with Chinese and Turkish meaning that more than half the worlds population can use the platform because of the wide variety of languages it provides for users.

Pros Cons
Quick Live chatNo Dedicated Account Manager
Detailed & Quick Response via PhoneSlightly Slow Response On Emails at times
Detailed Response On EmailNone
Support in 19 languagesNone

How We Rank Customer Support

Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:

  • Availabiltiy of Support via Live Chat, Phone & Email
  • Speed & Quality of Response Across Platforms
  • Availability of Customised Support Such as a Dedicated Account Mnager

The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

Final Verdict On Customer Support

The multiple customer service options in 19 languages coupled with the quick support help the customer support to get a perfect score of 10 out of 10.

XTB Customer Support Score: 10/10

#7 Asset Classes

There are several asset options under the forex, cryptocurrency and CFD domains that make XTB a good fit for you if you like trading in CFDs and currencies. Here’s a list of options that you have for every asset.

AssetOptions
Currency Pairs49
Stock Index CFDs42
Stock CFDs1,800 +
ETF CFDs103
Bond CFDs3
Commodity CFDs18
Cryptocurrency25

The broker offers a lot of options for stock and stock indexes, something not provided by many brokers. Even in commodities, XTB offers some really good value. However, the most impressive thing for me is that they offer 25 cryptos which is unmatched by most brokers in the world. The number of options provided for stocks, stock indices, commodities and crypto makes the broker a good choice for anyone looking to deal in these currencies.

Stocks

If you are someone who likes to trade stocks then XTB is like heaven for you because the broker offers so many stocks from various markets of the world. The markets covered by the broker include:

Country Number Of Stocks
Belgium19
UK207
France127
Norway25
Portugal13
Czech Republic8
Netherlands30
Germany98
Spain66
Denmark27
Poland41
Italy46
Switzerland24

The broker covers most of the major European stock markets and if you are someone who likes to trade in European companies then you should definitely check out the broker as it offers some really good value for users and allows you to choose from over 1,000 shares from the biggest and most innovative companies in the world. This is something that provides some really good value for users and something that you should definitely take advantage of if you are a stockbroker looking to use the XTB platform.

Stocks In Different Nations

Now let’s delve some of the common stocks of different nations available at XTB:

BelgiumCzech RepublicDenmark
Anheuser-BuschCentral European Media Carlsberg A / S 
Ackermans & van Haaren NV CEZ AS Chr Hansen Holding A / S 
Ageas Komercni Banka AS Coloplast A / S 
Barco NV Moneta Money Bank Danske Bank A / S 
Befimmo SA Erste Group Bank AG Drilling Co. of 1972 
Bekaert SA Philip Morris CR AS DSV A / S 
bpost SA 02 Czech Republic AS FLSmidth & Co A / S 
Cofinimmo SA Vienna Insurance Group Genmab A / S 
Colruyt SA  Genmab A / S 
Dieteren SA / NV   

The list above shows companies from various sectors such as banks, pharmaceutical companies, banks and drilling companies. This provides users of XTB with a lot of choices and opportunities to diversify their stock portfolios. Because often different markets have different trends going on so different investments in different industries can provide returns at different times of the year. For instance, if you invest in tourism companies then they would perhaps provide more return during the summer or winter months compared to sustained returns throughout the year. Now let’s have a quick look at some of the UK, French and German company stocks at your disposal.

UKFranceGermany
Aston MartinAirbusAdidas
Astra ZenecaAkkaAllianz
Balfour BeatyALD SABMW
British American TobaccoBNP ParibasMetra AG
BurrberryDanoneBayer
BellwayBio MereuxAixtron SC
Close Brothers IncAXA SA 
Dixons CarphoneChargeurs SA 
Dominos Pizza Group PLC  
Essentra  

The categories covered by Belgium, Denmark and Czech stocks are more or less covered by the UK, German and French stocks available with the XTB broker. For instance, in Aston Martin you can invest in the tech sector, moreover, in BNP Paribas, you can invest in one of the trusted names in the European banking industry. The pharmaceutical industry can also be invested in by choosing something like plastics by buying Essentra shares, this just goes onto show the diversity that exists with the XTB broker in terms of choosing shares.

Forex Pairs

As you may know that forex pairs are a common tool used in most portfolios to either hedge risk or even increase it depending on the preferences of the investor. Since forex pairs are a vital part of most portfolios let’s dissect them to see whats on offer here. The broker offers the following forex pairs for its users.

AUDCAD EURCHF EURAUD 
AUDCHF EURCNH EURCAD 
AUDJPY EURCZK EURRON 
AUDNZD EURGBP EURRUB 
AUDUSD EURHUF EURSEK 
CADCHF EURJPY EURTRY 
CADJPY EURMXN EURUSD 
CHFHUF EURNOK EURZAR 
CHFJPY EURNZD GBPAUD 
CHFPLN EURPLN GBPCAD 

The broker offers good variety by covering unique currencies like the South African Rand, Swedish currency, and the Russian Rubble something not found in many brokers. Even, the Hungarian Forint and the Polish Zloty are covered by the broker which gives you access to the Eastern European market. The broker also covers most solid currencies like the Norwegian Krone, US Dollar, Euro and the Canadian Dollar which are good for investors looking to build stable forex portfolios that are not susceptible to a lot of risk from the market in-terms of sudden fluctuations and variances.

CFDs on Commodities At XTB

These are related to trading with precious metals, energy and agricultural products in everyday life. Commodities can help you in diversifying your portfolio. Precious metals like gold can help you in hedging risk in other portfolios because it generally increases in price. The commodities offered by the broker include:

Aluminium Emiss
CocaSilver
CornSoybean
CottonOil
GoldWTI
NatgasPalladium
NickelPlatinum

You can trade in aluminium, platinum, siilver, gold etc. Metal trading is a common type of trading and XTB provides you good value by giving you the option to trade the most commonly traded metals in the market. Moreover, they also cover oil and gas, which are classical commodities traded by experienced traders thus, providing value for experienced traders. You can also trade agricultural produce like cotton, corn and soybean, as these are also commonly traded commodities. XTB does a good job in covering all the major commodities traded to provide a complete range for any commodity traders looking to avail the services of the broker.

Crypto CFDs

The crypto portfolio has a lot on offer for investors. It is one of the few brokers that offers the complete range in crypto. Most cryptos have different platforms and technologies in the back and XTB provides you with the opportunity to invest in them and create a strong portfolio that can earn you decent returns. Let’s see what’s on offer here

ADABTC ETHERCLASSIC 
BCHBTC ETHEREUM 
BITCOIN IOTABTC 
BITCOINCASH LITECOIN 
DASH LTCBTC 
DSHBTC NEOBTC 
EOS RIPPLE 
EOSBTC STELLAR 
EOSETH TRXBTC 
ETHBTC TRXETH 

The list above covered the big names like Bitcoin, Ripple and Litecoin along with a slew of upcoming currencies that you can invest in. Usually trading crypto on your own can be difficult and many individuals have to go through brokers and a broker that provides you good choices can really help you in your pursuit to engage in crypto trade.

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
  • Options Provided within each asset class

The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.

Final Verdict On Asset Classes

The broker offers most of the asset classes in our database. Moreover, XTB also offers plenty of options within each asset category due to which it scores a perfect score according to our guidelines.

Related: Also, check out our other post on day trading options.

XTB Asset Classes Score: 10/10

#8 Referral Program

XTB does not have a referral program for individual users. This is a slight negative as trading with friends can help one learn a lot about a platform and a referral program can incentivise potential customers to use the application with their friends.

How We Rank Referral Programs

The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.

Final Verdict On Referral Program

The fact that the broker does not offer a referral program means that it misses the opportunity to attract your freinds and family to try out the platform to rade together hence, the broker does not get a score for this dimension.

XTB Referral Program Score: 0/10

#9 XTB Demo Account & Educational Resources

XTB has a free demo account that has quite a few features to train beginners. It has a 4-week limit in which you can trade with a $100,000 virtual funds and you have access to over 1,500 CFD Markets. Similarly, the demo account also offers a 24-hour customer service hotline on +357 257 25356 from Sunday to Friday that can help you learn more and determine if XTB is right for you.  

Educational Resources

The broker offers plenty of educational resources for its users in the form of:

ResourcesAvailability
Seminars / WebinarsYes
Educational ArticlesYes
Platform / Trading TutorialsYes
Online CoursesNo

The educational resources covered by the broker include all the basic resources that you need to learn trading on the platform coupled with all the latest news to know what’s happening in the market. The good thing is that they also offer webinars which can be helpful in understanding how the market conditions are with respect to different asset types which can help you in making informed buying and selling decisions.

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

Final Verdict On Educational Resources & Demo Account

The demo account and educational resources score a 9 in our system because of the detailed and helpful nature of it, losing 1 point due to the limited time during which the demo account is available for.

XTB Demo Account & Educational Resources Score: 9/10

#10 XTB Safety & Regulations

Trading with XTB is secure because it is regulated by the Financial Conduct Authority of the UK (FCA) and KNF the Polish regulator. Both regulators are established regulatory authorities with their own separate compliance rules. This ensures that the app is run in a way that makes the procedure helpful and safe for users.

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

Is XTB Safe

The broker is regulated by several tier 1 brokers that helps the broker score a perfect 10 out of 10 as per our scoring guidelines.

XTB Safety & Regulation Score: 10/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to Capital.com, which scores 91/100 points across the 10 categories mentioned in this review.

XTB Comparison With Capital.com

One of the most relevant aspects when putting the best and most profitable investment ideas into practice is that you can have a platform that can add value to your strategies. Moreover, the said platform should allow you to be confident when investing your money by providing tools and information to do the best analysis possible, all the while charging the lowest rates in the market. Taking into account the most relevant aspects for an investor we prefer Capital.com over XTB for the following reasons:

Capital.com Is More User Friendly And Intuitive

Capital.com is a much easier platform to start with than XTB. Additionally, you can practice all you want with a limitless demo account, and you’ll have access to a lot more educational content than with XTB. Capital.com offers access to lectures, articles and resources for you to better understand the platform and trading in general to become a profitable trader, all free of charge. Some of the features offered by Capital.com’s demo account are as follows

You start off with a demo account with $100,000 paper money, and you can use it to trade with real market data so you can put your strategies to the test before risking any real money. As you can see, Capital.com is a comprehensive guide for not only understanding the platform but also understanding all the trading options that the application provides.

Capital.com has a lot of educational resources to train any kind of trader looking to deal in any kind of asset. Often brokers offer a few basic educational resources for traders but Capital.com does a good job in this regard and it is with you in helping you learn to trade savvily and efficiently. Some of the resources offered are as below:

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

The resources offered to teach you everything from learning how the platform works to educational videos and webinars. Capital.com also offers asset trading training guides.

Training Guides

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides

Capital.com has you covered if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders.

Capital.com Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.

Capital.com Has A Much Lower Minimum Deposit

Another fact is that you can just get started with $20 on Capital.com whereas at XTB you need $250, which is a significant amount for a platform that just offers CFDs and currencies. This can be cumbersome if you do not have a lot of funds to start trading.

Capital.com Offers More Investment Options

XTB only offers the possibility to trade with two asset classes, CFDs and forex, which limits the possibility to diversify your portfolio. Capital.com, on the other hand, offers more asset classes, and you will be able to access a greater number of CFDsallowing you a greater possibility to mitigate risk by means of diversifications.

Final Verdict

XTB has a good interface with a lot of options in CFDs and currencies to choose from. Additionally, it is a safe application with regulations from FCA and KNF. If you are a professional trader who is looking for a nice and intuitive platform for trading CFDs and Forex click the join now button and get started with XTB today.

The minimum deposit and constraints on small withdrawal amounts on XTB such as the 20% surcharge on amounts below $100 show that it is perhaps a good platform for professional traders who trade high volumes, and perhaps not fit for beginners, like Capital.com is. Moreover, plenty of withdrawal and deposit options make the app an easy way to trade but perhaps more needs to be done to make the XTB an app that is useful for people who are beginners in trading. Similarly, Capital.com has many asset offerings like bonds, ETFs, stocks, apart from CFDs, forex and crypto. Hence, we recommend Capital.com as a much better alternative to XTB for beginners and professional traders alike.

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