XTB review: updated opinions about the broker in 2021

Warning: the information presented here in this review of XTB about its services is merely generic and comes from reliable sources of public access or received from XTB (entity authorized to operate in New Zealand by the CNMV or through the dollarpeo financial passport regime).

⚠️ Attention! Although XTB is totally legal and safe, we can't offer you this broker right now . We recommend that you try the best online broker that we have evaluated, eToro .

Many investors do not know how to differentiate the characteristics of the different brokers and may think that they are all similar. This is not so. XTB: Scam or a legit option? In this analysis we will show the various criteria we use to determine that it is not a fraud : it is licensed and has all the credibility in the market.

This platform it offers numerous investment possibilities , which can be complex for beginners. There are not only stocks, but also EFTs and CFDs opportunities of various types, such as commodities, indices and even cryptocurrencies. This represents a good variety of options to take advantage of various markets.

On XTB there is also a very good forex offer If you are not familiar with them, in this guide you will find out more data, but in broad strokes we advance you that it is speculation with the price of currencies. This can be very profitable.

We will also develop other key concepts for you to internalize in the world of finance. If you are starting to invest, here you will find information that will make the path easier for you. If you are already an experienced investor, you will also find out about useful questions about the current state of the industry .

First of all, our priority is safety. In this guide we will develop the points by which we choose the best brokers in the market . Thus, we hope to contribute to making the world of finance work in a transparent and effective way for everyone .

Our experience with the XTB financial broker

The first thing we look at in a broker is their security conditions . This can be corroborated through their licenses, which are proof that companies are registered with financial organizations. This is the only way to verify that the platform is legitimate.

In the case of XTB, it is the first legal broker in Poland, active since 2002. It has the authorization of the Financial Supervisory Authority local, Komisja Nadzoru Finansowego (KNF). XTB is a member of the National Clearing House of his country, a high financial institute.

It also holds the licenses of the UK Financial Conduct Authority (FCA), the Turkish Sermaye Piyasası Kurulu (Turkish Capital Markets Board or CMB), the Cyprus Securities and Exchange Commission (CySEC) and the Belize International Financial Services Commission (IFSC), among others.

Our experience in the world of online investment traders allows us to realize that it is about a reliable company . It has a real domicile in New Zealand, and presents references from more than one reputable financial authority. This exposes us some fundamental features of the platform.

In the first instance, we see that it is not located in a country on the black list of tax havens. On the contrary, it has offices in numerous places , such as the United Kingdom, Poland, Uruguay, France, Turkey, Portugal and Germany, in addition to the Madrid headquarters. With this we corroborate the prestige of XTB.

Then, seeing that it presents data from more than one license, we can perceive that it is a company committed to safety of the financial industry. The online stock market is only possible as long as investors place their trust in it.

Finally, by looking at the contact details, we check that the operator takes its responsibility to users seriously. Provides a varied and effective technical support , which includes email address, live chat and phone calls. Both its website and its app are very practical and secure.

XTB: Scam or reliable operator?

The essential element to be able to trust an operator is their licenses. This is the way to check that the platform has the endorsement of the official financial institutions . That is why the first thing we check at the XTB broker is the validity of all its certifications.

The results show that, indeed, the company is registered with various prestigious entities . These certificates allow it to operate in an endless number of countries, with which its services expand all over the world. In New Zealand, it is enabled by the National Securities Market Commission (CNMV) .

However, your other licenses are equally important . The certification of the Financial Conduct Authority (FCA) of the United Kingdom, for example, is one of the most significant at continental level. The FCA is characterized by carrying out follow-ups to verify that the platforms comply with the strictest protocols.

A look at the most relevant of XTB

All these certifications account for several issues. First of all, certify that the personal data of users they will be protected at all times when using XTB. Scam or is it a safe means? You may have asked yourself this question quite a few times. You can be sure that XTB offers you protection against hacker attacks. Secondly, the licenses guarantee the investment mechanisms of the platform.

Thus, it can be known that the operator it is at the same time reliable and transparent , productive and renowned. With all this, it seems to us that investing in XTB is a most reliable experience. This, of course, does not imply that the investments will yield good results.

XTB offer: opinion of the best experts

The investment possibilities are very important when considering a broker. Smart investors know the advantages of combining alternatives and being able to undertake both in the short and long term thanks to XTB. The opinions are very positive regarding the plurality of alternatives available on their platform.

Among the available options, stocks are counted, which are the most common asset. As well there are opportunities in the energy and raw materials markets , for which a good knowledge should be had. All these operations are regulated at the continental level by the UK FCA .

The international currencies (forex) they are also a widely used possibility . They require information about the economy of the countries involved in order to be able to predict fluctuations in their currencies. If well studied, this opportunity can pay good dividends. However, if you do not have basic notions, it can lead to terrible results.

Investing in XTB implies a universe of possibilities in many of the world's leading companies: Tesla, Netflix, Amazon and many more. Of course, without a clear overview of this activity, you can't get the most out of it. That is why the broker offers training courses.

One of the strengths of the platform is the diversity of actions and ETFs available on XTB, according to customer reviews. Below we will analyze in more detail some of the most interesting alternatives offered by this operator, and some of the ones that usually generate the most doubts.

CFDs

This is one of the most interesting assets on the market . The acronym stands for its name in English (contract for difference), that is, contract for difference. In short, it is about the possibility of making a profit from fluctuations in the price of different assets without buying them.

As in any investment, it is crucial to pay attention to the purchase price (bid) and the sale price (ask). The difference between these values is the spread of each broker , that is, the percentage that remain to be officiated of intermediaries. In the case of XTB it is quite low.

CFDs work with leverage . This means that you do not need to invest the total sum of the asset value, but a part, which is called margin. This mechanism allows retail investors to enter large markets, which can lead to large profits.

However, in most cases, beginner investors enter the world of CFDs without sufficient information and lose all their capital. XTB has a percentage 77% of retail investors did not have good results with CFDs. That's why we recommend using them after gaining experience .

Cryptocurrencies

This is one of the novelties of today. Although its original idea comes from the year 1998, it was only in 2008 that bitcoin was put into operation and later the set of operators, also called bitcoin exchange . Be continues to be the most popular cryptocurrency and the most prestigious. That's why we corroborate XTB also offered this possibility.

In fact, cryptocurrencies are an imperative in any serious broker and prestigious, as eToro . Bitcoin has proven to be the most valuable asset of the last decade. This is due to its positive volatility, which has driven the numerous price variations always upwards.

One of the most striking features of cryptocurrencies is that they are alternative currencies to traditional money. This means that its value is not regulated by market contingencies nor by the banks. Instead, it is determined from the trust that users place in it.

This can be measured from the amount and volume of transactions made in the currency itself. Cryptocurrencies grow and take hold as they add users and are accepted as payment methods and investment assets . Each one has a peculiarity that distinguishes it.

XTB it seems to have the most varied cryptocurrency investment alternatives . Not only because of the variety of options, but also because of the training tools that XTB offers. Customer reviews go along these lines.

Forex: international currencies

We have already mentioned them a few times; they are one of the specialties of the XTB broker. As we advance, it's about investing in currencies of different countries . Thus, a profit can be generated from speculation with the rise or fall of money prices.

There are currencies that are relatively constant, and their value does not change too much. Some examples are the Australian dollar or the dollar. Instead, there are some of the most volatile currencies that they can be taken advantage of at the right time. To take advantage of the opportunity, you have to have up-to-date information.

Also, investing with foreign currencies carries an ethical responsibility , as it can often involve the fate of the economy of currency-issuing countries. Of course, this responsibility weighs more on large investors, capable of moving exorbitant capital, than on retail investors.

Demo account

As in IQ Option and other reputable brokers, at XTB it is possible to create a demo account. This refers to a kind of trial version to internalize with the platform. Be ideal to understand how the system works before investing real funds.

The XTB offer consists of 4 risk-free weeks, in which the trader provides $20,000 as a token trial. So you can start experimenting with more than 4,500 assets, which include those mentioned above and many more. It is also useful for getting familiar with the xStation platform .

Demo versions are an optimal alternative to enter the world of investments without seriously committing. It is an overview to explore the different offers and the main concepts of the capital market. From our team, we recommend this initial step before depositing money .

Payment methods

This is another of the key points that we take into account to evaluate an online investment broker. Payment methods must be varied, secure and recognized . In this way, users can access transactions without risks, with absolute practicality, which gives dynamism to the process.

In XTB there are three general options: bank transfers, credit card payments and e-wallets. The first point is easily accessible. Deposits are accepted in USD and CLP. There are no commissions on XTB , and the accreditation times are the fastest.

The credit cards they are one of the most used methods . The options include the most common brands: Visa, MasterCard and Maestro cards. These options also do not have any extra fees from XTB. According to reviews on the forums, this operator is characterized by efficiency in payments.

Finally, e-wallets on XTB include all the options of the Paysafe Group: Neteller, Skrill and other alternatives . Paysafe is a computer solutions company that has developed the most useful services for online money management. From our team we recommend your products.

As we see, the variety of payment methods of this operator is satisfactory . It meets the three most popular categories in the industry: transfers, cards and e-wallets. Other brokers like AvaTrade , they also accept PayPal, which is the most widespread electronic wallet on the web.

We also see that XTB is missing the option to perform payments with cryptocurrencies . It seems to us that a broker that proposes investments in that asset could include it as a means of payment, as this would contribute to the credibility of the sector. Perhaps it is one of the points to improve in the future.

From our team we value that the operator do not impose a minimum on the initial deposit in this way it manages to include a larger audience, which focuses on retail investors. It is another of the points that allows us to perceive that there is no scam behind XTB.

Both deposits and withdrawals are quite fast. The standard time to receive funds or see the reflected balance on the account is 48 h. from the end of trading . Any delays in transactions can be resolved through customer service.

The XTB licenses

As we have already emphasized, licenses are the main aspect to account for the credibility of a broker. On our website we only recommend operators with reputable credentials , and we expose those who offer services without being registered with any official entity for the purchase and sale of assets.

The New Zealand license of XTB is that of the CNMV . This is essential to be able to operate in the country. This commission is the central institute that controls and supervises investment brokers. While the other dollarpean licenses are valid, that of the local entity is a central point.

The license of the Cyprus Securities and Exchange Commission (CySEC) it is one of the most recognized on the continent. Most of the prestigious brokers have this certification, like 24option . All this proves what kind of operator XTB is - safe and reputable.

As for the UK FCA certification , we have already remarked that this is a milestone in the history of XTB. Such a license is very difficult to obtain and opens the doors to a very unique market, such as the British one.

Finally, the license of the Belize International Financial Services Commission (IFSC) it is a renown factor. This entity is based in the Caribbean country and from there supervises a plurality of online brokers. Their quality standards are known to be very strict.

Customer service

It is essential that all platforms that manage money on the Internet have a good customer service . This is particularly crucial in stock market investment platforms, since this is a serious and complex issue. That is why we stop at this point.

The same is repeated in all reviews: XTB has a very good customer service. We have verified that it has several contact channels - live chat, email and phone calls. These are the most common methods among online brokers.

The live chat it is the most immediate means and convenient. On the other side there are usually efficient answers, along with references for extra help. It is available from Sunday to Friday. Some complex issues will not be resolved in the XTB help chat, according to some user reviews.

For such situations, e-mail is preferable . Usually the answer is not immediate, but takes a few days, but it always comes. As for phone calls, they can be expensive because the operators are abroad. It is useful in urgent cases.

Functionality of the website

When investing in the online stock market, it is essential to find an operator that offers good quality web services . It is not possible to bet on a slow or impractical platform. Investments are processes in which every second is decisive, and time cannot be wasted.

The XTB page has proven to be one of the most efficient on the market. It has a neat design that makes its use very simple: all the functionalities are in sight. Also, its performance is optimal , which makes investing in XTB a smooth experience.

The main sections of the page include sections such as "Market analysis" and "Market Formation". We think it is very positive that XTB provide your users with all the information which is within your reach. By generating a specialized audience, the platform itself increases its prestige.

On the web it is used the xStation system , one of the most famous to invest online. This is the one chosen by other of the best operators today. It may not be the easiest to use, but it is undoubtedly one of the most effective.

Investments from mobile

Just as it is important that brokers provide a good service from their website, it is also essential that they have a corresponding app. Almost every practical activity has a handhold on the mobile phone - investments are no exception. In fact, it is a very convenient way to invest .

we have found that its users are mostly satisfied with the XTB app. The opinions are very positive and it is not for less, this operator is compatible with iOS and Android and it has no performance flaws. The functionalities are easy to find; you don't need to be a mobile expert to understand how they are used.

XTB: Scam or a legit option? In the app they appear the certificates from the relevant financial authorities , which proves that it is not a fraud and that XTB is a regulated company. This gives investors confidence. By clicking on the stamps of the institutions, you can check the validity of the licenses.

Overall, it seems to us that XTB has a higher-than-average quality app. In 2020 it won the distinction of Best App of the Year in the V Rankia Awards. This is one of the awards given by the industry to registered operators.

Finding

Having gone through the main points about the XTB offer, we believe that be a broker of the best quality . We are confident that we have used the fairest criteria, because these types of platforms are nothing less than the intermediary in the investment process.

In the first instance, we trust the XTB broker because it presents all the main licenses by riguNZD . We are referring to the certifications that guarantee your registration with official financial institutions. With this we have guarantees that the broker's structure is sustainable and transparent with XTB. Scam it refers to the patrimonial damage to someone through deception and for profit and of course it does not happen with this operator.

Then, we recommend this operator because it offers a multiplicity of options for investing . You can not only buy stocks from the stock market; here there are also international currencies, raw materials, energies, stock indices, CFT and a long etcetera. All this can be explored from the demo version of the software.

The broker uses the xStation platform . It is one of the most efficient on the market. Reviews about XTB emphasize the good results obtained. However, as we always say, earnings on investments largely depend on the foresight and ability of the investor.

XTB have numerous widely accepted payment methods. This includes a very wide audience. In addition, it provides a customer service in New Zealand and provides training courses to your users so that you can invest successfully. We have no doubt: it is a recommended operator.

FAQ: frequently asked questions

In this section we will share the doubts we receive from our readers. We see that there are recurring issues; we know that investing in the stock market is complex, and we are sure that our answers will help more than one . It must be remembered that success is only achieved through experience.

👍 What is XTB?

It is an online investment broker , that is, the intermediary between supply and demand in the stock market. XTB is of Polish origin: it was the first legal operator in its country. They have offices all over the world. In New Zealand, it is located in Madrid. This operator it is characterized by its good reputation and its long history.

💰 What are the commissions and fees of XTB?

There are no commissions on XTB by deposit funds and withdraw balance . This makes transactions practical and economical. However, between the purchase price of an asset and its selling price, there is a margin difference, which is what the trader charges. This fee is present in all investment brokers.

How does XTB work?

Operator it works through a Moderna and efficient platform , called xStation. It is one of the most used software in the world of online investments. All opinions about XTB agree that the system is effective - the results are in sight. It is necessary to learn how to use it well to get the most out of it, for which XTB puts a demo account available to its users.

👨 How to invest in XTB?

Investing in XTB is the easiest . It's a matter of entering your website from the browser, or your app, from the mobile. There you will be able to register with all the security protocols. Once this is done, it is necessary to make a deposit and thus start investing . In this broker there is no minimum, being able to carry out operations on more than 4,500 assets.

🤨 Is XTB safe?

Having explored the broker thoroughly, we can assure that it is completely safe . This is verifiable through your enabling licenses . It not only has that of the National Securities Market Commission (CNMV) of New Zealand, but also with foreign stamps with authority over the Dollarpea Union. One example is the Cyprus Commission.

Is it possible to invest in cryptocurrencies with XTB?

That's right. Among the thousands of assets available, there are cryptocurrencies . Have two main attractions: its novelty and its volatility . The first is because they are relatively new currencies, which emerged as an alternative to fiat money. The second implies the possibility of earning voluminous sums in not so long periods. A real challenge for investors.