Yes, we rate XTB as a good forex broker due to their FCA regulation, competitive pricing, robust xStation 5 trading platform and FX education material.
You get a little bit more than just point and click when trading forex with XTB. Specifically, XTB produce their own currency news, have an excellent FX heat map function and simple dealing ticket. Some brokers I feel overcomplicate their forex layout, but XTB, has all the pertinent information where you need it.
- Forex pairs available:Â 57
- Minimum deposit: £1
- Account types:Â CFDs
- Equity overnight financing:Â -0.02341% / -0.00159% DAILY
- Pricing:Â EURUSD 0.9, GBPUSD 1.4, USDJPY 1.4
Forex Trading Platform:
One feature I particularly like on the dealing ticket is that the spread is shown as both a spread and pip, with pip value and daily swap (overnight funding) costs clearly displayed. Plus you can see the performance of where a currency pair sits within the one day range compared to the other major forex pairs.
Compare XTB to alternative forex brokers below:
| Forex Broker | Forex Pairs | Minimum Deposit | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|
 | 182 | £100 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | 100 | £1 | See Platform | 75.3% of retail investor accounts lose money when trading CFDs with this provider | |
 | 60 | £1 | See Platform | 64% of retail investor accounts lose money when trading CFDs with this provider | |
 | 64 | £100 | See Platform | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 51 | £250 | See Platform | 70% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | 84 | £1 | See Platform | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | 100 | £1 | See Platform | 62.5% of retail investor accounts lose money when trading CFDs with this provider | |
 | 338 | £1 | See Platform | 68% of retail investor accounts lose money when trading CFDs with this provider | |
 | 41 | $10 | See Platform | 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money | |
 | 80 | £1 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. |
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.
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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.
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