- Experts commend XTB for its robust trading platform, highlighting its competitive spreads and strong client education initiatives, which earned it the “Best Trading Platform Education” award in 2023. However, they note that it is not UK-based and lacks direct market access (DMA), which may be a consideration for some traders.
- Across 139 user reviews on Good Money Guide, averaging 4.6/5, users frequently praise the platform’s ease of use, efficient customer service, and the variety of trading options available. However, some users express dissatisfaction with issues related to account management and app functionality, indicating a mix of positive experiences and notable frustrations.
Customer Reviews
5/5
Pros:
Diversity and transparency
Cons:
Spread
5/5
Pros:
Platform, fees and customer support
Cons:
product offering
5/5
Pros:
User Friendly platform
Cons:
real stocks
5/5
Pros:
Great and easy to use app
5/5
Pros:
Commisions
5/5
Pros:
Customer support, platform
Cons:
more education
5/5
Pros:
Great mobile apple!
5/5
Pros:
All instruments in one app
Cons:
Offer cryptos
5/5
Pros:
market analysis
5/5
Pros:
Education video, easy to use
5/5
Pros:
Integrated calculator
Cons:
More deposit options
5/5
Pros:
support
5/5
Pros:
PRODUCTS/SERVICES
Cons:
MORE INVESTMENTS
3/5
Pros:
geolocation
Cons:
support is crap
2/5
4/5
4/5
2/5
Pros:
Phone app
5/5
1/5
Expert Review & Rating
XTB Review: A Great All Round Trading & Investing Platform
Provider: XTB
Verdict: XTB is a CFD and forex broker headquartered in Poland and listed on the Warsaw Stock Exchange (WSE:XTB) valued at over $1bn. XTB was founded in 2003 and offers forex, indices, commodities, ETF and stock CFD trading. XTB has historically used celebrity endorsements to promote it’s brand including Jose Mourinho, Conor McGregor, Joanna Jędrzejczyk and Jiří Procházka.
72% of retail investor accounts lose money when trading CFDs with this provider
Is XTB a good broker?
XTB, are a decent all-round trading platform and a good choice for most small-to-medium sized CFD traders. They are publically listed in Poland and offer, competitive spreads on a fairly wide range of markets.
The key things to focus on when considering trading with XTB are:
- They have their own proprietary trading platform. When I interviewed Omar Arnaout, the XTB CEO Omar Arnout, he said “I’m really proud of our platform and honestly believe it’s one of the best in the market.” Rightly so.
- They really push client education, XTB won “Best Trading Platform Education” in our 2023 awards (although they didn’t show up to collect the trophy, they never do). You can read their Q&A on forex education here.
- Customer service is paramount. Omar said that “first and foremost is the customer service”. I really agree with this as I think it’s important to have a few different trading accounts (diversify, diversify, diversify) and you’ll trade more with the broker that treats you best.
Pros
- Publically listed
- Mulitple platform choices
- Innovative order types
Cons
- Not UK based
- No DMA
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Pricing
(4)
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Market Access
(4)
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Online Platform
(4)
-
Customer Service
(4)
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Research & Analysis
(4)
Overall
4Leave A Review
Tell us what you think of this provider.
72% of retail investor accounts lose money when trading CFDs with this provider
XTB FAQs:
Yes, we rate XTB as a good broker and can recommend it based on their pricing, reputation, customer service, regulator status and platform features.
There is no minimum deposit required to open an account. However, you will need enough funds on account to cover the initial and variation margin of the positions you open.
XTB say it takes one business day to withdraw funds from your account. However, this process may be delayed if you use a different withdrawal/deposit method due to AML regulations.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
