Warsaw-listed broker with the xStation platform; offers commission-free stocks and ETFs up to a monthly volume alongside CFDs, with branches across the EU.
- Headquarters
Poland- Founded
- 2002
- Type
- Forex & CFD brokers
- Licences on record
- 5 (3 European)
- EU client entity
- XTB S.A. (KNF, Poland) with branches across the EU
- Platforms
- Own platform
- Products
- Forex, CFDs, Stocks, ETFs
- Website
- xtb.com
Strengths
- Headquartered in the EU and listed on the Warsaw Stock Exchange
- Commission-free real shares and ETFs up to a monthly turnover limit, plus ETF investment plans
- Well-regarded xStation platform with built-in education and sentiment data
- Branches and support in many European languages
Watch-outs
- No MetaTrader for most clients – xStation only
- Currency conversion fees apply when trading instruments in a different currency
- Commission applies above the monthly free-turnover threshold for shares and ETFs
Overview
XTB was founded in Poland in 2002 and has been listed on the Warsaw Stock Exchange since 2016. It has grown into one of Europe's largest listed retail brokers by clients, with branches in countries including Germany, France, Spain, Portugal, the Czech Republic, Slovakia and Romania.
Which entity serves you
Most EU residents are served by XTB S.A., supervised by the Polish KNF, often through a local branch. That gives you ESMA protections and the Polish KDPW compensation scheme. UK clients deal with XTB Limited (FCA), and some international clients are served by a Belize entity – EU residents should make sure they are with the EU company.
Platform and products
xStation (web, desktop and mobile) combines charting, a trade calculator, market sentiment, news and an extensive education library. Products include CFDs on forex, indices, commodities and shares, plus real shares and ETFs. Investment plans let you build automatic ETF portfolios, and XTB pays interest on uninvested cash in some currencies.
Costs
Real shares and ETFs are commission-free up to a monthly turnover threshold, above which a commission applies. Forex and index CFDs are priced through spreads. Watch currency conversion fees if your account currency differs from the instrument's.
Our view
XTB combines an EU headquarters, public listing and a broad offer for both traders and investors, which is reflected in its Protection Score. It is one of the more complete choices for European residents who want both CFDs and long-term investing in one app.
Licences on record
Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.
| Regulator | Jurisdiction | Type | Check it |
|---|---|---|---|
| KNF Komisja Nadzoru Finansowego (Polish Financial Supervision Authority) | Poland |
EU/EEA – passportable | Regulator website |
| FCA Financial Conduct Authority |  United Kingdom |
UK | Official register |
| CySEC Cyprus Securities and Exchange Commission |  Cyprus |
EU/EEA – passportable | Official register |
| DFSA (Dubai) Dubai Financial Services Authority |  United Arab Emirates |
Non-European | Regulator website |
| FSC Belize Financial Services Commission (Belize) |  Belize |
Offshore | Regulator website |
What protection would you get?
If you are a retail client of XTB's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.
- Investor compensation: 100% up to €3,000, 90% above, with total compensation capped at €20,100 per investor – KDPW investor compensation scheme
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Rzecznik Finansowy (Financial Ombudsman)
- Best forex brokers in Poland
- Investor compensation: Up to £85,000 per person per firm for investments – Financial Services Compensation Scheme (FSCS)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Financial Ombudsman Service
- Best forex brokers in United Kingdom
- Investor compensation: 90% of the covered claim, capped at €20,000 per investor – Investor Compensation Fund for CIF clients (ICF)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Financial Ombudsman of the Republic of Cyprus
- Best forex brokers in Cyprus
Verify XTB yourself
- Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
- Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
- Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
- Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.
Protection Score breakdown
| Factor | Points |
|---|---|
| Holds at least one European licence (EU/EEA, UK or Swiss) | +40 |
| ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme) | +15 |
| Supervised in 4 strong jurisdictions | +12 |
| Publicly listed group (audited public accounts) | +8 |
| Operating for 24 years | +7 |
| Total | 82/100 |
The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.
Trader experiences
No verified experiences yet. Have you used XTB? Share what happened with deposits, withdrawals, execution and support.
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About this data
Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.
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