XTB Review 2024

Autor

Revisor

Last update: 6 months ago

Our veredict

XTB offers a solid cryptocurrency trading option, particularly appealing for those looking to engage in CFD trading of major digital currencies. With an ability to trade over 50 cryptocurrencies including popular choices like Bitcoin, Ethereum, Litecoin, and Ripple, XTB stands out for its comprehensive range. The platform is particularly strong in providing opportunities for trading both ways (long and short) using CFDs, which means traders can speculate on both rising and falling prices.

Additionally, the provision of leverage up to 1:5 for major cryptos enhances trading possibilities without needing substantial capital upfront.

However, there are notable downsides to consider. The platform strictly offers cryptocurrency trading as CFDs, which means traders do not own the actual digital coins but merely speculate on their price movements. This might not be suitable for those looking to own or invest directly in cryptocurrencies. Also, the inactivity fee imposed after a year of no trading could be a deterrent for less active traders.

Despite these drawbacks, XTB’s robust regulatory framework and the absence of minimum deposit requirements make it an attractive option for beginners and seasoned traders looking for a flexible and secure trading environment.

Pros

Cons

4,8

Threenvest Score

Fees

Low 4,7/5

Regulated

FCA, KNF

With the confidence of Threenvest

Year Founded: XTB was established in 2002, providing over two decades of experience in the financial trading industry. This longevity indicates a stable and reliable presence in the market.

Number of Users: XTB has a substantial client base, serving thousands of traders worldwide. This extensive user base reflects the trust and satisfaction of its clients.

Transparency: Being listed on the Warsaw Stock Exchange adds to XTB’s transparency. The company regularly publishes its financial statements, providing clients and investors with a clear view of its financial health and operations.

Security Methods: XTB is known for its robust security measures. It employs advanced encryption and offers negative balance protection, ensuring that clients’ funds and data are secure.

Regulation: XTB is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). This high level of regulatory oversight ensures that XTB adheres to strict financial and operational standards.

Best Crypto Brokers

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About XTB

Introduction

XTB is a prominent global broker offering a comprehensive suite of trading options, including a significant focus on cryptocurrency CFDs. Known for its robust trading platform and extensive asset selection, XTB caters to both beginner and advanced traders.

What is XTB?

XTB is an international brokerage firm that allows users to trade a variety of financial instruments, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies. It is particularly noted for its cryptocurrency CFDs, providing access to over 50 digital currencies and various crypto pairs.

Background and History:

Founded in 2002, XTB has grown into a reputable and well-regulated broker with offices in over 10 countries, including the UK and Poland. The company is listed on the Warsaw Stock Exchange, which adds a layer of transparency and credibility to its operations. XTB initially entered the cryptocurrency space in July 2017, offering CFDs on major cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, and Dash. This move earned it several crypto-based awards and positioned it as a competitive player in the cryptocurrency trading arena.

Founders:

XTB was established by Jakub Zablocki, who remains a significant figure in the company. Under his leadership, XTB has expanded its services and regulatory reach, establishing itself as a trusted name in the financial trading industry.

Fun Facts and Headlines:

XTB is one of the few brokers listed on a stock exchange, which enhances its transparency and trustworthiness.
The platform offers trading in more than 50 individual cryptocurrencies and 16 crypto pairs, providing extensive options for crypto traders.
XTB has been recognized for its innovative trading solutions and has received numerous awards for its crypto trading services.

Regulatory Information:

XTB is regulated by several top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF).

Why Choose XTB?

XTB is an excellent choice for cryptocurrency traders due to its extensive range of digital assets and user-friendly platform. The broker offers over 50 major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, along with various intra-crypto pairs such as ETH/BTC and DSH/BTC. This variety allows traders to diversify their portfolios and explore different trading strategies. The xStation platform is highly regarded for its ease of use, advanced charting tools, and quick execution times, making it suitable for both novice and experienced traders. Additionally, XTB provides 24/7 trading, ensuring that users can access the markets at any time.

One of the standout features of XTB is its commitment to security and transparency. The platform is regulated by top-tier financial authorities, including the FCA, CySEC, and KNF, which ensures adherence to stringent regulatory standards. XTB’s listing on the Warsaw Stock Exchange further enhances its credibility, as it regularly publishes financial statements and undergoes strict scrutiny. Moreover, the broker offers negative balance protection, safeguarding clients from losing more than their initial investment.

XTB’s competitive trading conditions also make it a compelling choice. The broker offers tight spreads starting from 0.22%, and leverage of up to 1:5 on major cryptocurrencies, allowing traders to maximize their potential returns. The absence of a minimum deposit requirement means that traders can start with any amount, making it accessible to a wide range of investors. Overall, XTB’s comprehensive crypto offering, regulatory compliance, and favorable trading conditions make it an ideal platform for cryptocurrency trading.

Where it falls short

One of the main drawbacks of XTB is that it only supports CFD trading for cryptocurrencies. This means that traders do not own the underlying assets, which can be a limitation for those looking to actually hold cryptocurrencies. To improve, XTB could consider offering the option to buy and hold actual cryptocurrencies, not just CFDs. This would cater to a broader audience, including those who want to invest in digital currencies long-term.

Another significant downside is that XTB does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely used trading platforms in the industry. Many traders are familiar with the functionalities and tools offered by MT4 and MT5, and their absence could be a dealbreaker. To enhance user experience and attract more clients, XTB should look into integrating these platforms, providing traders with more flexibility and a familiar trading environment .

Features	Explanation
Minimum Trade	Minimum trade size is flexible, starting at $1. This low threshold allows even small-scale investors to participate in cryptocurrency trading .
Trading and Transaction Fees	XTB charges spreads on crypto trades starting from 0.22% for Bitcoin. While competitive, additional fees apply for certain e-wallet deposits and withdrawals .
Number of Cryptocurrencies	XTB offers trading on over 50 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin, along with various crypto pairs .
Crypto-to-Crypto Trading Pairs	The platform supports 16 intra-crypto pairs, allowing traders to speculate on the performance of one cryptocurrency against another .
Website Transparency	XTB provides comprehensive information about its services, fees, and regulations. However, some users may find the navigation slightly complex .
Credit/Debit Card
Storage Offering	As a CFD provider, XTB does not offer dedicated crypto wallet services. Traders need to use external wallets if they wish to own actual cryptocurrencies .
Staking and Rewards	XTB does not provide staking options or rewards programs for holding cryptocurrencies, which might be a drawback for some investors .
Mobile App and Desktop	The xStation platform is available on both mobile and desktop, offering a seamless and user-friendly experience with advanced trading tools .
Customer Service	XTB’s customer service is available 24/5, providing support via phone, live chat, and email. While generally responsive, some users report occasional delays .
Deposit and Withdraw	Deposits and withdrawals are mostly fee-free, except for small withdrawals under certain thresholds. The process is straightforward and quick .

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert, I find XTB to be a robust choice for cryptocurrency traders, especially those interested in CFDs. The platform offers a broad range of over 50 cryptocurrencies and 16 intra-crypto pairs, providing ample opportunities for diversified trading strategies. The xStation platform is particularly user-friendly, equipped with advanced charting tools and quick execution times, which enhances the overall trading experience. Furthermore, XTB’s strong regulatory oversight by entities like the FCA, CySEC, and KNF, coupled with its transparency as a publicly listed company, ensures a high level of trust and security for traders. However, the lack of support for MetaTrader 4 and 5 and the exclusive focus on CFDs might be limiting for some users. Overall, XTB is highly suitable for both novice and experienced traders looking for a reliable and transparent platform for crypto trading.

Fees

XTB’s fee structure is primarily built around spreads, with no commissions for crypto trades. The spreads are competitive, starting from 0.22% for Bitcoin. Additionally, XTB does not charge deposit fees for bank transfers or credit/debit cards, although e-wallet deposits may incur fees ranging from 1% to 2%. Withdrawals are generally free unless the amount is below $50, in which case a $30 fee applies. An inactivity fee of $10 per month is charged after 12 months of inactivity. Overall, XTB’s fee structure is straightforward and relatively low-cost compared to other brokers .

Pros

Cons

Product selection

XTB offers a diverse range of services and products designed to cater to the needs of both beginner and experienced traders. The platform is known for its robust selection of over 50 cryptocurrencies, providing ample opportunities for trading various digital assets. These include major coins like Bitcoin, Ethereum, Ripple, and Litecoin, as well as several altcoins and intra-crypto pairs such as ETH/BTC and LTC/BTC. This extensive offering allows traders to speculate on the price movements of a wide array of cryptocurrencies, whether they are looking to go long or short.

In addition to cryptocurrency trading, XTB provides a comprehensive suite of financial instruments including forex, indices, commodities, stocks, and ETFs. The platform’s xStation is highly acclaimed for its user-friendly interface and advanced trading tools, which include customizable charts, technical indicators, and real-time market data. Traders can also benefit from features like negative balance protection, ensuring that they do not lose more than their account balance. This makes XTB a secure and reliable option for trading a variety of assets.

Moreover, XTB supports several deposit and withdrawal methods, including bank transfers, credit/debit cards, and electronic wallets like Skrill, Neteller, and PayPal. While deposits via bank transfer and credit/debit cards are fee-free, e-wallet deposits might incur a fee ranging from 1% to 2%. Withdrawals are generally free if they exceed a certain threshold ($50-$200), but fees apply for smaller amounts. This flexibility in payment methods, coupled with the platform’s regulatory oversight by top-tier authorities such as the FCA and CySEC, makes XTB an attractive choice for traders looking for a versatile and secure trading environment.

Pros

Cons

Read more about product selection in XTB

XTB Services and Products

XTB provides a diverse range of products and services tailored for cryptocurrency traders. The platform supports trading in over 50 major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin, as well as 16 crypto pairs like ETH/BTC and DSH/BTC. This extensive offering allows traders to diversify their portfolios and apply various trading strategies. XTB operates through its proprietary xStation 5 trading platform, which is renowned for its user-friendly interface, advanced charting tools, and quick execution times. The platform ensures a seamless trading experience both on desktop and mobile devices, making it accessible for traders on the go.

CFD Trading: XTB primarily offers CFD (Contract for Difference) trading on cryptocurrencies. This allows traders to speculate on the price movements of digital currencies without owning the underlying assets. CFD trading is complemented by leverage options up to 1:5 for major cryptocurrencies, which can amplify potential returns. However, it is important to note that leverage can also increase potential losses.
Educational Resources: XTB excels in providing educational resources. It offers webinars, tutorials, and market analysis to help traders stay informed and improve their trading skills. These resources are beneficial for both beginners and experienced traders, ensuring they have the necessary knowledge to make informed trading decisions.
API and Automated Trading: For those interested in automated trading, XTB offers various APIs, including REST API and FIX API, which support algorithmic trading strategies. These APIs enable traders to automate their trading processes and execute trades based on pre-set criteria, enhancing efficiency and precision.
Deposit and Withdrawal Methods: XTB supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill. Deposits via bank transfer and credit/debit cards are fee-free, while e-wallet deposits may incur a fee of 1% to 2%. Withdrawals are generally free unless the amount is below $50, in which case a $30 fee applies.
Limitations: While XTB provides a robust platform for CFD trading, it does not support the actual purchase and holding of cryptocurrencies. Additionally, it does not offer services such as staking or rewards programs, which might be a drawback for some users looking for more comprehensive crypto services.

Overall, XTB’s comprehensive crypto offering, advanced trading tools, strong educational support, and flexible deposit and withdrawal methods make it a reliable choice for cryptocurrency traders.

Account opening

Opening an account with XTB is a straightforward and fully digital process, designed to be quick and user-friendly. Prospective users can start trading on the same day they apply. The process begins by entering an email address and selecting the country of residence. Users then need to provide personal information such as date of birth and address. Following this, they select their trading platform and account base currency. Applicants must answer a few questions regarding their employment status, financial situation, and trading experience.

Verification of identity and residency is required to activate the account. This can be done by uploading a photo or scanned copy of a passport, driver’s license, or national ID card, along with a utility bill or bank statement as proof of address. Some European clients can complete the verification process via video chat, which adds convenience. Once all documents are submitted, the account is typically verified within one business day, allowing users to begin trading promptly.

Pros

Cons

Detailing XTB’s Account Opening Process

How to Sign Up on XTB:

Visit the Website: Go to the XTB homepage and click on “Create Account.”
Enter Basic Information: Provide your email address and select your country of residence.
Personal Information: Fill in your personal details, such as your name, date of birth, and address.
Select Trading Platform and Currency: Choose between xStation and MT4, and pick your account base currency (EUR, USD, GBP, HUF, PLN).
Employment and Financial Details: Answer questions regarding your employment status, financial situation, and trading experience.
Verification: Verify your identity by uploading a government-issued ID (passport, driver’s license, or national ID card) and proof of residence (utility bill or bank statement). European clients may have the option to verify their identity via video chat.

Opening an Account: The account opening process is fully digital and user-friendly. It typically takes around 30 minutes to complete all the forms and submit the necessary documents. Once submitted, account verification is usually completed within one business day. XTB offers standard accounts by default, with the option for swap-free (Islamic) accounts and corporate accounts upon request.

How to Buy Your First Cryptocurrency:

Deposit Funds: After your account is verified, deposit funds using bank transfer, credit/debit card, or e-wallets like PayPal and Skrill. Bank transfers are free, while e-wallet deposits may incur a 1%-2% fee.
Select Cryptocurrency: Navigate to the crypto section on xStation or MT4, and select the cryptocurrency you wish to trade.
Place an Order: Choose between a market order, limit order, or stop order. Enter the amount you want to buy and execute the trade.
Monitor Your Investment: Use the platform’s tools to track price movements and manage your positions.

Account Types:

Standard Account: Available by default, suitable for most traders.
Swap-Free (Islamic) Account: Compliant with Islamic law, does not charge swap fees.
Corporate Account: Available upon request, requires a minimum deposit of £15,000.

How to Use XTB:

Login: Access your account using your registered email and password.
Navigate the Platform: Familiarize yourself with the xStation or MT4 interface.
Explore Tools: Utilize the platform’s educational resources, market analysis tools, and trading features to enhance your trading experience.

Registration and KYC:

Registration: Simple and fully digital, completed on the XTB website.
KYC (Know Your Customer): Essential for account verification. Involves identity and residency checks to ensure compliance with regulatory standards.

Remember, the next step after opening an account is to deposit funds, which we will cover in the subsequent section.

Security

XTB is a well-regulated and highly trusted brokerage, providing a secure trading environment for its clients. It is authorized by top-tier financial regulators, including the UK’s Financial Conduct Authority (FCA), the Polish Financial Supervision Authority (KNF), and the Cyprus Securities and Exchange Commission (CySEC) . These regulators ensure that XTB adheres to strict financial and operational standards, enhancing its credibility and reliability.

XTB also employs several robust security measures to protect client funds and data. It offers negative balance protection, ensuring that clients cannot lose more than their account balance . Additionally, XTB segregates client funds from its own operational funds, further safeguarding customer assets. The platform also uses advanced encryption technologies to secure data transmissions and protect user information from unauthorized access.

Despite not holding a banking license, XTB’s listing on the Warsaw Stock Exchange adds an extra layer of transparency and accountability. The broker regularly publishes financial statements, allowing clients and investors to assess its financial health and operational integrity . Overall, XTB’s comprehensive regulatory oversight, security measures, and transparent operations make it a safe and trustworthy platform for trading cryptocurrencies and other assets.

Pros

Regulated by top-tier authorities: XTB is regulated by several top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Listed on the stock exchange: Being listed on the Warsaw Stock Exchange enhances transparency and trust.
Negative balance protection: Ensures clients cannot lose more than their deposited amount .

Cons

Is XTB Legit?

Yes, XTB is a legitimate and highly trusted brokerage. It is regulated by multiple top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). These regulators enforce strict compliance and operational standards, ensuring that XTB operates transparently and securely.

Regulation and Licensing

XTB is authorized and regulated by several prominent regulatory bodies:

FCA (UK): Ensures high standards of financial conduct and client protection.
CySEC (Cyprus): Provides oversight and regulation within the European Union.
KNF (Poland): Offers additional regulatory oversight in XTB’s home country. These licenses require XTB to maintain segregated client accounts, adhere to strict anti-money laundering protocols, and regularly report financial health, enhancing the platform’s credibility and trustworthiness.

Is XTB Safe?

XTB employs robust security measures to protect client funds and data. The platform offers negative balance protection, ensuring clients cannot lose more than their deposited amount. Advanced encryption technologies secure data transmissions, and client funds are kept in segregated accounts separate from XTB’s operational funds. Despite not holding a banking license, XTB’s listing on the Warsaw Stock Exchange adds an extra layer of transparency and accountability. Regular financial disclosures allow clients and investors to assess XTB’s financial health and operational integrity.

Security Methods

XTB uses advanced security protocols to safeguard client information and funds:

Encryption: Protects data transmissions and sensitive information.
Segregated Accounts: Client funds are kept separate from company funds.
Two-Factor Authentication (2FA): Adds an extra layer of security for account access. These measures ensure a secure trading environment, making XTB a reliable choice for cryptocurrency trading.

History and Track Record

Established in 2002, XTB has a long track record of providing reliable trading services. The broker’s longevity in the market is a testament to its stability and ability to navigate various financial crises successfully. XTB’s continuous innovation and expansion into new markets, including its early adoption of cryptocurrency CFDs, highlight its commitment to meeting the evolving needs of traders.

Conclusion

Overall, XTB is a safe and secure platform for trading cryptocurrencies and other assets. Its comprehensive regulatory oversight, advanced security measures, and transparent operations provide a high level of trust and reliability. While the lack of a banking license and varying levels of investor protection depending on the client’s location are considerations, XTB’s robust framework and long-standing reputation make it a dependable choice for traders.

Customer service

XTB offers a comprehensive customer service experience, catering to the needs of both beginner and experienced traders. The support is available through multiple channels, including live chat, email, and phone. One of the standout features of XTB’s customer service is its availability 24/5, ensuring that traders can get assistance during the trading week whenever needed. The live chat function is particularly notable for its quick response times and knowledgeable representatives who can address a wide range of queries efficiently.

The quality of XTB’s customer support is generally well-regarded. Live chat responses are swift, typically within a minute, providing immediate assistance. Email support is also prompt, usually delivering responses within a day. However, phone support is available and is known for providing clear and detailed information, though it may not be as instant as live chat.

Despite its strengths, XTB’s customer service does have some areas for improvement. While the multiple communication channels are beneficial, the service is not available 24/7, which can be a limitation for traders operating across different time zones or those who require support over the weekend. Additionally, the feedback on customer service can vary, with some users reporting less satisfactory experiences, particularly with more complex issues that may require escalations .

Pros

Cons

Customer Service at XTB

Customer Support

XTB offers a robust customer support system designed to assist traders effectively. The support is available through multiple channels, including live chat, email, and phone. Live chat is particularly efficient, often providing responses within a minute. This rapid response time makes it an excellent choice for urgent queries. Email support is also prompt, typically responding within a day, and phone support is available for more complex issues that require detailed explanations. However, support is not available 24/7, which might be a limitation for some traders who need assistance during weekends.

Reputation and Customer Feedback

XTB enjoys a solid reputation among its users, primarily due to its efficient and responsive customer service. Many users appreciate the quick response times and the professionalism of the support team. The broker has received positive feedback for its knowledgeable representatives who are adept at resolving issues and providing detailed information. However, some users have reported mixed experiences, especially with more complex queries that require escalation. Overall, the majority of feedback indicates that XTB’s customer service is reliable and effective.

Contact Methods and Response Time

Traders can contact XTB’s customer support through:

Live Chat: Immediate assistance with a response time of typically under a minute.
Email: Responses usually within a day, suitable for less urgent inquiries.
Phone: Detailed support for complex issues, though not available 24/7. The diverse range of contact methods ensures that traders can choose the most convenient way to get help based on the urgency and nature of their issue. This multi-channel approach is beneficial for addressing various types of concerns efficiently .

Is XTB Right for You?

Wide Range of Cryptocurrencies: If you’re looking to trade a variety of cryptocurrencies, XTB offers over 50 digital currencies, including major coins like Bitcoin, Ethereum, and Ripple. This extensive selection makes it an ideal platform for traders who want access to a diverse set of crypto assets.
Robust Security and Regulation: XTB is regulated by top-tier financial authorities such as the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). With negative balance protection and segregated client accounts, XTB ensures a secure trading environment, making it suitable for those prioritizing safety and regulatory compliance.
User-Friendly Trading Experience: XTB’s xStation platform is designed for both beginners and experienced traders, offering a user-friendly interface, advanced charting tools, and competitive spreads starting from 0.22%. The platform’s availability on desktop and mobile ensures you can trade conveniently from anywhere, making it a great choice for those seeking a seamless trading experience across devices.

Threenvest score

4,8

Fees

Regulated

FCA, KNF

Available cryptocurrencies

9 (CFDs)

On the crypto broker website

Threenvest score

4,9

Fees

Regulated

SEC, FINRA

Available cryptocurrencies

11 (BTC, ETH…) (CFDs)

XTB

Threenvest score

4,8

Fees

Regulated

FCA, KNF

Available cryptocurrencies

9 (CFDs)

Available cryptocurrencies and countries available

Available Cryptocurrencies and Countries at XTB

XTB offers a robust selection of over 50 cryptocurrencies for trading, including major coins such as Bitcoin, Ethereum, Ripple, Litecoin, and Stellar. Traders can also access various crypto pairs, like ETH/BTC and DSH/BTC, providing a wide range of trading opportunities. However, some notable cryptocurrencies like IOTA, TRON, Zcash, and Monero are not available on XTB, which might be a limitation for traders looking to diversify their crypto portfolio further .
XTB serves clients from many countries around the world, with a strong presence in Europe. However, there are significant restrictions. Notably, XTB does not accept clients from the United States, which can be a drawback for American traders looking to use their platform. Additionally, due to regulatory constraints, cryptocurrency CFDs are not available to retail traders in the UK .

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
Stellar (XLM)
Dash (DASH)
EOS (EOS)
Ethereum Classic (ETC)
Cardano (ADA)
Chainlink (LINK)
Dogecoin (DOGE)
Polkadot (DOT)
Uniswap (UNI)
Solana (SOL)
Polygon (MATIC)
Avalanche (AVAX)
Shiba Inu (SHIB)
Filecoin (FIL)
Tezos (XTZ)

Main countries where you can open an account

United Kingdom
Germany
France
Spain
Poland
Italy
Portugal
Netherlands
Australia
United Arab Emirates

FAQs

What is the minimum deposit required at XTB?

There is no minimum deposit required to open an individual account at XTB. This makes it accessible for traders of all levels. However, corporate accounts require a relatively high minimum deposit of £15,000 .

How can I deposit and withdraw funds with XTB?

XTB supports multiple methods for deposits and withdrawals, including bank transfers, credit/debit cards, and electronic wallets like PayPal, Skrill, and Neteller. Deposits via bank transfers and credit/debit cards are fee-free, while e-wallet deposits may incur a fee of 1-2%. Withdrawals are free if they exceed the specified threshold ($50-$200), otherwise, a fee applies .

Can US residents open an account with XTB?

No, XTB does not accept clients from the United States due to regulatory restrictions. This is a significant limitation for US-based traders looking to use XTB’s services .

Is XTB regulated and safe to use?

Yes, XTB is regulated by several top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). The broker also provides negative balance protection, ensuring that clients cannot lose more than their deposited amount .

What types of accounts does XTB offer?

XTB offers a Standard account for all clients. Additionally, there are Swap-free/Islamic accounts available for clients outside Europe, which comply with Islamic law by not charging swap fees. Corporate accounts are also available, but these require a higher minimum deposit .

How do I contact XTB's customer support?

XTB’s customer support is available through several channels, including live chat, email, and phone. The support team is available 24/5, ensuring assistance during the entire trading week. Live chat typically offers the fastest response times, often within a minute, while email responses usually come within a day .

Which cryptocurrencies can I trade on XTB?

XTB offers a selection of over 50 cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Stellar (XLM). However, some notable cryptocurrencies such as IOTA, TRON, Zcash, and Monero are not available on the platform .

Final opinion on XTB

XTB stands out as a comprehensive and reliable platform for cryptocurrency trading, catering to both beginners and experienced traders. With over 50 digital currencies available, including major coins like Bitcoin, Ethereum, and Ripple, XTB provides a broad spectrum of trading opportunities. The xStation platform is highly praised for its user-friendly interface, competitive spreads starting at 0.22%, and advanced trading tools. Moreover, the platform’s regulation by top-tier authorities such as the FCA and CySEC enhances its credibility and ensures a secure trading environment. The absence of a minimum deposit requirement for individual accounts further lowers the barrier to entry, making XTB accessible to a wide range of traders.

However, XTB does have some limitations compared to other exchanges. For instance, it does not accept clients from the United States, and cryptocurrency CFDs are not available to retail traders in the UK. Additionally, some notable cryptocurrencies like IOTA, TRON, Zcash, and Monero are missing from its offering. The fee structure for small withdrawals and deposits via electronic wallets could also be more competitive.

Despite these drawbacks, Threenvest finds XTB to be a solid choice for traders looking for a well-regulated, versatile, and user-friendly platform to trade cryptocurrencies. Its robust security measures, transparent operations, and extensive range of supported assets make it a dependable option in the ever-evolving crypto market.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.