XTB review 2026

Overview

Trading under the XTB brand since 2002, and incorporated as X-Trade Brokers S.A. in 2004, XTB is a global online broker headquartered in Warsaw, Poland. It listed on the Warsaw Stock Exchange in 2016 (ticker: XTB) and joined the STOXX Europe 600 in September 2026. The business model originally focused on CFD and forex trading, earning XTB multiple awards as a leading CFD and FX broker over the years. Over time, XTB has expanded substantially into the real-stocks-and-ETFs space, becoming a competitive option for long-term investors alongside its CFD heritage. It reported 2.83 million clients at 30 June 2026, of which 1.49 million were active, and is present in more than 12 countries.

XTB offers xStation 5 on the web and a mobile app for iOS and Android, listed in the stores as XTB Online Investing. Both offer strong search functionality, high customisation, and a user-friendly experience for beginners (a meaningful improvement compared with where the platforms were a few years ago). Note that XTB publishes no installable desktop application and supports neither MetaTrader 4 nor MetaTrader 5, so if you rely on MT4 or MT5 this is not the broker for you.

The toolkit leans toward technical analysis rather than fundamental research, though XTB has continued to expand its fundamental features, among them its “market analysis” tool, which lets you filter stocks and ETFs by fundamental indicators. XTB also provides a strong educational library through its Trading Academy, with courses, webinars, and trading content for beginners and intermediate users.

XTB’s forex and stock index CFD spreads are competitive, real stocks and ETFs trade at 0% commission up to €100,000 of monthly turnover (then 0.2%, €10 minimum), XTB pays interest on uninvested cash, and account opening is fully digital. Deposits and withdrawals are fast and easy, and a free demo account makes it straightforward to familiarise yourself with the platform before committing real money.

In terms of products, XTB’s UK site publishes more than 11,700 instruments, spanning real stocks, ETFs, CFDs (on stocks, indices, commodities, forex, and crypto), and vanilla options on US stocks and ETFs. Fractional investing starts from one unit of your account currency, and Investment Plans allow automated recurring contributions into stocks and ETFs, or ETFs only for UK clients, which is particularly useful for long-term portfolio building.

Highlights

Trading platform

XTB has a web platform, xStation 5, and a mobile app for iOS and Android. Below, we’ll help you navigate through XTB’s web trading app.

After login, you will be presented with the following dashboard:

On the top left corner, you can search for the asset class and instrument type (“FX” for Forex, “IND” for indices, “CMD” for commodities, and so on). If you already know what to invest in, you can use the search bar instead.

Going to the right, you will quickly notice a sizeable chart of the selected asset, in this case Germany’s blue-chip index. It includes several technical indicators to improve your analysis, including Fibonacci retracements, trendlines, and Elliot Waves:

By clicking on “Market Analysis”, you get valuable tools such as Stock and ETF scanners to quickly select the best stocks and ETFs according to your criteria:

At the bottom, you have a summary of your open positions, current account balance, and profit/loss.

Markets and products

XTB’s product and market offerings vary by region and by entity. In total, the platform provides real stocks, ETFs, vanilla options (on US stocks and ETFs), spot crypto in Cyprus, and CFDs on stocks, forex, indices, commodities, and cryptocurrencies. On the CFD side that means around 2,200 stock CFDs and 230 ETF CFDs on top of the real shares and funds. All counts below come from XTB’s product pages as published in September 2026, and they differ between its national sites because each entity carries a different range.

In December 2024, XTB launched its Flexible Stocks & Shares ISA in the UK, where eligible investors can:

• Invest in essentially XTB’s whole real-instrument range, which it publishes as 9,100+ stocks and ETFs for the ISA, with 0% commission up to a monthly trading volume equivalent to €100,000 (then 0.2%, minimum £10). A 0.5% currency conversion fee may apply on non-GBP trades, and you can start from £1 through fractional shares. The conversion fee rises to 0.80% at weekends and on holidays.
• Earn interest on uninvested cash, published at 4% AER (variable) from 1 May 2026, calculated daily and paid monthly.
• Benefit from the ISA’s tax-free wrapper, with no UK tax on interest, dividends, or capital gains. Withdraw and replace funds within the same tax year without affecting your annual ISA allowance, which stands at £20,000.
• Open a separate Flexible Cash ISA, which XTB added for UK residents in 2026 and markets at up to 4% AER (variable), tax free, with flexible withdrawals and no fees. Cash held there sits as a deposit, which matters for compensation cover (see the safety section).

• Stocks: around 7,000 names across 14 international exchanges (US, UK, EU, plus selected Asian and CEE markets). Fractional investing starts from 1 unit of your account currency, with 0% commission up to €100,000 in monthly turnover (then 0.2%, €10 minimum). Includes free real-time quotes and a built-in stock screener.
• ETFs: more than 2,200 ETFs covering indices, sectors, themes, and commodities, plus around 230 ETF CFDs. Same fee structure as stocks. An ETF screener and Investment Plan automation tools are also available.
• Options: XTB offers American-style vanilla options on 110 US-listed stocks and ETFs (Apple, NVIDIA, Tesla, S&P 500, Nasdaq, and others). They launched in Cyprus in the first quarter of 2026, then Germany and Spain, then France, Portugal, Czechia and Slovakia. Two limits matter: you can only buy options, not write them, and they are cash-settled with no physical delivery. Pricing is a 0.25% mark-up on the premium rather than a per-contract commission. Your risk as a buyer is limited to the premium paid.
• Forex: through CFDs, leverage up to 30x for EU/UK retail clients (under ESMA/FCA caps), and up to 500x on some instruments for non-EU/UK clients onboarded under XTB International (Belize). XTB publishes EUR/USD spreads from 0.8 pips, with 70+ currency pairs available.
• Indices: via CFDs, leverage up to 20x for EU/UK retail clients on major indices, and up to 200x for non-EU/UK clients. More than 20 index CFDs on major benchmarks (S&P 500, Nasdaq 100, DAX, FTSE 100, Nikkei), with spreads published from 0.4 index points on US500 and 0.9 on DE40.
• Commodities: via CFDs, leverage up to 20x on gold and 10x on other commodities for EU/UK retail clients, and up to 500x on gold for non-EU/UK clients. More than 30 commodity CFDs including gold, silver, oil, natural gas, and agricultural products, with gold quoted from 0.9 on XTB’s instrument page.
• Cryptocurrencies: CFDs on 50+ crypto pairs (BTC, ETH, SOL, XRP, ADA, DOGE, and others) with leverage up to 2x for EU/UK retail clients (under ESMA rules). Spreads are quoted as a percentage of market price, from 0.10% on Bitcoin, and are wider than on forex pairs given the underlying volatility. Separately, clients of the Cyprus entity gained access to spot crypto in the first half of 2026, covering 46 coins at 0% commission with free custody and a mark-up of up to 5% included in the price.

CFDs

Fees snapshot

XTB’s fee structure is less transparent than at some other brokers, because it varies with your account type, your jurisdiction, and which entity onboards you (an EU branch of XTB S.A., the Cyprus company, XTB UK, or XTB International in Belize). The commissions-and-fees schedule for your own entity is the document that governs what you pay. Below is a snapshot for the Standard account type on the EU and UK entities.

For long-term investors, the most important headline is that XTB offers commission-free stock and ETF trading up to €100,000 in monthly volume (after which a 0.2% commission applies, with a minimum of €/£10 per trade). For most retail investors who trade well below €100k per month, this effectively means free stock and ETF investing.

CFD spreads vary between asset classes and even within the same asset class, depending on the specific instrument and market conditions. The spread is the difference between the buy and sell prices, and it is how XTB earns revenue on commission-free CFD trading. Using CFDs on indices as an example, you can see the disparity between different instruments, and how spreads widen during volatile market conditions:

From their published financial statements, these are the contributions of the instruments traded:

When trading an asset in a currency different from your base account currency, you pay a 0.50% currency conversion fee, which rises to 0.80% at weekends and on holidays. For example, if you open a EUR-denominated account and want to trade US stocks, the EUR-to-USD conversion carries a cost. Besides this, an inactivity fee of $/€/£10 per month applies when an account has had no position opened or closed for 365 days and has taken no deposit in the previous 90 days. ISA accounts are exempt.

Withdrawal costs depend on the entity holding your account: withdrawals are free for UK clients and for EU clients of an XTB S.A. branch, cost €10 below €100 for clients of XTB Limited in Cyprus, and cost $30 below $50 for clients of XTB International in Belize.

Interest on uninvested cash

XTB pays interest on cash sitting in your account, and the headline rate is usually the promotional one, so read it carefully. On the EU entity the advertised 3.50% on EUR applies for the first 90 days after account opening and on balances up to the equivalent of €100,000. After that the standard rate applies, published at 1.00% on EUR in mid-2026. UK clients get a higher standing rate on general investment accounts, published at 4.00% AER on GBP, 3.45% on USD and 2.30% on EUR. Rates are variable, revised weekly and set per market, and interest is paid within five business days of month end, so confirm the live figure for your own market before you count on it.

You can check the full description of XTB’s fees (Standard and Pro accounts where applicable) here:

• European Union (EU) residents: here.
• UK residents: here.
• Non-EU/UK residents: here.

Account opening

Opening an account at XTB is done through the official website and is a fast, fully digital process. After clicking “Open an account” on the homepage, you’ll be presented with the registration form.

From there, the steps are straightforward:

• Fill out the registration form with your personal details (name, address, phone number, date of birth).
• Complete the appropriateness/compliance questionnaire about your investor profile, experience, and financial situation (mandatory under MiFID II for EU/UK clients).
• Choose the account type, Standard (default for most retail investors) or Pro (available to clients meeting the professional client criteria). Note that UK clients are offered Standard only, and that where Pro exists the difference is execution and spreads, from 0.1 pip on market execution, rather than a separate commission schedule.
• Verify your identity (KYC). You’ll typically need:
  • Proof of identity: passport, national ID card, or driving licence.
  • Proof of address: utility bill, bank statement, or government letter (typically dated within the last 3 months).
  • Proof of bank account ownership.
  • A short video verification call with your ID document, or an automated video verification step.
• Once XTB’s compliance team has verified everything, you can fund your account and start trading. The entire process typically completes within a few hours to a few business days, depending on verification queue and document quality.

Alongside the trading account, XTB offers an eWallet with a virtual multi-currency Mastercard issued through DiPocket UAB, a Lithuanian e-money institution. It holds 25 currencies, the card is issued instantly in the app, and account maintenance and in-app payments are free. There is no physical card yet, and XTB does not publish which countries it covers, so check availability in your own market.

Safety and regulation

XTB’s subsidiaries are supervised by regulators including the Polish Financial Supervision Authority (KNF), the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), the Securities and Commodities Authority (SCA) for onshore UAE, and the Financial Services Commission (FSC) in Belize, which was renamed from the International Financial Services Commission in 2022.

When opening an account, you are onboarded by one of the XTB entities depending on your country of residence. The main EU markets are served by XTB S.A. in Warsaw through registered local branches, rather than by the Cyprus company, which now covers Cyprus itself and accounts opened before September 2021. Here are the main entities:

As soon as you click “create account”, you will see the jurisdiction you are being onboarded into at the bottom of the form:

Those EU branches are each registered with the local regulator: XTB S.A. appears with the CMVM in Portugal under number 341, the CNMV in Spain under number 40, BaFin in Germany, and the AMF in France under number 11533 LS, with further branches in Czechia, Slovakia and Romania. Italy is served cross-border under the MiFID II passport rather than through a branch. Prudential supervision in all of these cases stays with the KNF in Poland, while the local regulator oversees how the branch conducts business with you.

Additionally, XTB is listed on the Warsaw Stock Exchange and is a constituent of the WIG30 index, and joined the STOXX Europe 600 in September 2026. That means the company publishes regular audited financial statements, complies with stricter corporate governance and reporting standards, and faces ongoing scrutiny from market analysts and investors. It reported revenue of PLN 2,086.6 million and net profit of PLN 1,027.2 million for the first half of 2026. As a publicly traded broker, XTB carries an additional layer of transparency and accountability that most private brokers do not.

Finally, XTB provides negative balance protection for forex and CFD trading to retail clients across the EU and UK, in line with ESMA and FCA rules, which set the protection on a per-account basis. It does not apply to professional clients, nor to clients of XTB International in Belize, who remain liable for a negative balance. What does this mean in practice? Imagine you deposit €1,000 in your account and open a position with 5:1 leverage, giving you €5,000 of market exposure. If the market dropped 25%, you’d lose €1,250, which is more than your initial €1,000 deposit, leaving you €250 in the red. Under ESMA/FCA negative balance protection, your account balance is automatically reset to €0, so you can never lose more than you’ve deposited. (More detail on the regulatory framework here.) One more distinction for UK readers: money invested with XTB is covered by the FSCS up to £85,000, which is the investment limit, while cash held in the Flexible Cash ISA sits as a deposit and falls under the higher £120,000 deposit limit.

Want to read more? Check our dedicated article on investment protection for EU and UK investors.

Supported countries

XTB operates in most countries worldwide, but local regulatory requirements mean there are exceptions. XTB no longer publishes a list of restricted countries. What it does publish is which entity takes clients from where:

• United Kingdom: XTB Limited, under the FCA.
• European Union: an XTB S.A. branch in most markets, or XTB Limited in Cyprus.
• MENA: XTB MENA Limited in the DIFC, with XTB Financial Services L.L.C. licensed onshore in the UAE.
• Canada: accepted only through XTB FR, the French branch.
• Other non-EU and non-UK countries: XTB International Limited, whose published list includes Angola, Bermuda, Georgia, Macedonia, Malaysia, Mauritania, Moldova, Montenegro, the Philippines, Saint Kitts and Nevis, Serbia, South Africa, Trinidad and Tobago, Thailand, Vietnam and Zambia.

The United States is excluded, which XTB states directly. Beyond that, XTB says only that it does not accept clients from selected high-risk or restricted jurisdictions, and that the list changes. Check the official XTB help centre page before applying.

If XTB isn’t available in your country, you can always look at alternative trading platforms. Check our comparisons between XTB and Trading 212 or XTB and Trade Republic.

The bottom line

XTB is an established broker offering a diverse range of services across many regions. The platform is user-friendly and intuitive, making it accessible to beginners, while its expanding product range increasingly suits long-term investors alongside its historical CFD and forex audience: real stocks and ETFs at 0% commission up to €100,000 monthly, around 7,000 stocks and 2,200 ETFs, vanilla options on US stocks and ETFs, fractional investing, interest on uninvested cash and Investment Plans covering both stocks and ETFs. Being listed on the Warsaw Stock Exchange, a member of the WIG30 and the STOXX Europe 600, and regulated by the KNF, FCA, CySEC and DFSA adds credibility.

On the downside, XTB’s product range is still narrower than full-service brokers (no cash bonds, mutual funds, or futures, and no MetaTrader), customer support quality has been reported to be uneven, and while the educational suite has improved meaningfully, it is not yet as deep as the offerings from Interactive Brokers or Saxo. Options can only be bought, not written, and are limited to seven EU markets. For active CFD traders, spread costs on certain crypto and exotic instruments can be wider than at specialist competitors. For a head-to-head against a full-service alternative, see our XTB vs Interactive Brokers comparison.

Overall, XTB suits European and UK investors who want commission-free real stocks and ETFs alongside CFD and forex access on a single regulated platform. If you need cash bonds, mutual funds, futures, MetaTrader, or the deepest research and educational suite, brokers like Interactive Brokers or Saxo are likely to fit better.

Contact us and let us know about your experiences with XTB.