XTB Review

XTB is one of the few retail brokers whose shares you can buy on a European stock exchange, and that transparency shapes much of its appeal. This XTB review focuses on how the Polish firm has turned from a CFD shop into a hybrid investing platform, and on the trade-offs that come with its single-platform approach.

A Listed Broker From Warsaw

The business started in 2002 as X-Trade Brokers and adopted the shorter XTB name in 2004. Its listing on the Warsaw Stock Exchange means quarterly results are public: the company reported more than 2.1 million clients and over PLN 50 billion in client assets in its first-half 2026 report, and its market value exceeded PLN 21 billion in September 2026. Few CFD brokers offer that level of disclosure.

Licences Across Europe and Beyond

The parent, XTB S.A., is supervised by Poland’s Financial Supervision Authority (KNF). XTB Limited in the UK is authorised by the FCA and XTB Ltd in Cyprus by CySEC, with branches operating under oversight from regulators such as BaFin, Spain’s CNMV and France’s AMF. Further afield, XTB MENA is regulated by the Dubai Financial Services Authority, and other units hold authorisations in South Africa, Chile, Indonesia and Belize. The Belize-based XTB International handles many clients outside these markets and allows leverage up to 1:500, compared with the 1:30 cap applied to UK and EU retail traders. US residents cannot open accounts.

One Platform, by Design

XTB dropped MetaTrader 4 in 2022 and now runs everything through xStation 5, available in a browser, as a desktop application and as a mobile app. Reviewers consistently rate it among the most intuitive proprietary platforms, with 90-plus indicators, a stock screener, sentiment data and drag-to-adjust orders on mobile. The charts are built on TradingView technology, though accounts cannot be connected to TradingView directly.

The downside of this focus is clear. There are no Expert Advisors, no API, no copy trading and no third-party news feeds, so algorithmic traders and those who rely on external tools will feel constrained.

What It Costs

Forex and CFDs

The Standard account is spread-only. Minimum EUR/USD spreads sit around 0.5 to 0.8 pips depending on entity, while XTB’s own data shows an average of about 1.06 pips for trades up to 15 lots in Q2 2026, widening on larger orders. That is fair rather than cheap. Professional clients can access lower spreads plus commission.

Stocks and ETFs

This is where XTB stands out. Real shares and ETFs carry no commission for monthly turnover up to €100,000; above that, a 0.2% fee with a €10 minimum applies. Trades in a currency other than the account currency incur a 0.5% conversion fee. Uninvested cash can earn interest, with rates depending on currency and balance.

Other Charges

• No minimum deposit
• Free card and bank deposits, though Skrill carries a 2% fee in the UK
• Free withdrawals above roughly £60, €80 or $100
• €10 monthly inactivity fee after 12 months without trading or deposits

Range of Markets

Instrument count is a strength, at more than 10,000 symbols: around 70 forex pairs, indices, commodities, several thousand stocks and share CFDs, over 2,000 ETFs and roughly 100 crypto assets, some of which can be owned outright. Options trading began rolling out to EU clients in 2026. Product availability varies by entity; Cyprus-registered clients, for example, cannot buy real shares.

Who Is XTB Best For?

XTB fits beginners and long-term investors who want one tidy app for both trading and investing, backed by a listed company and well-produced educational content. Active forex scalpers seeking raw spreads, or traders tied to MetaTrader robots, will be better served by an ECN-style specialist.

Verdict

XTB’s blend of public accountability, strong technology and commission-free stock investing makes it one of the more rounded brokers in Europe, provided you accept its closed platform and middle-of-the-road forex spreads.

Trading leveraged CFDs carries a high chance of losing money, and XTB itself reports that most retail CFD accounts do, so manage risk carefully.

XTB FAQ

Risk warning: Trading forex and CFDs on margin carries a high level of risk. Bonus terms are set by each broker and may change; always check the broker's official terms before claiming.