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XTB Review
A listed UK/EU broker offering commission-free stocks/ETFs (to a monthly threshold) plus CFDs on its xStation platform.
Best for
- UK/EU active traders
- CFD traders
- xStation platform fans
Not best for
- You're a US resident
- You dislike leverage products
Our verdict & scoring
XTB is an established, exchange-listed broker serving UK/EU clients with commission-free stock and ETF investing up to a monthly turnover threshold, plus a broad CFD offering on its well-regarded xStation platform. Strong education and research; CFDs are leveraged and US-restricted.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Who should actually use XTB
XTB fits UK/EU active traders who want commission-free stock and ETF investing plus a broad CFD offering, all on the well-regarded xStation platform. Its strong education and research make it approachable for traders stepping up to leveraged products. It's not for US residents (restricted) or for anyone who wants to avoid leverage entirely.
What we'd change
CFDs are leveraged and high-risk, and the commission-free investing only holds up to a monthly turnover threshold — above it, a fee applies. XTB is also unavailable to US retail traders, and FX conversion costs can affect non-base-currency trades.
How it compares to Fidelity
These two rarely compete for the same trader: Fidelity is US-only while XTB serves the UK/EU. Compared with Fidelity's plain buy-and-hold model, XTB adds leveraged CFDs and the xStation platform, but caps its commission-free investing at a monthly turnover threshold rather than offering it unlimited. Both are exchange-listed and well-regulated with strong education.
Pros
- Strong xStation platform
- Good education and research
- Publicly listed and transparent
Cons
- CFDs are high-risk
- US-restricted
- Threshold on commission-free investing
Fees & hidden costs explained
Commission-free stock/ETF investing up to a monthly threshold (fee applies above it); CFD spreads and overnight fees.
Safety, regulation & availability
UK: XTB Limited is FCA-authorised (FRN 522157). EU: regulated via entities such as KNF (Poland; parent XTB S.A. is Warsaw-listed) and CySEC. ESMA/FCA leverage caps and negative-balance protection apply to CFDs. Not for US retail traders.
Account protection: UK: FSCS up to £85,000. EU: national investor-compensation scheme of the relevant entity.
Available to retail traders in:
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Frequently asked questions
Is XTB available in the US?
No — XTB is not available to US retail traders. It serves clients in the UK and EU.
Is XTB regulated?
Yes — XTB Limited is FCA-authorised (FRN 522157), with EU regulation via entities including KNF (Poland) and CySEC. UK clients have FSCS protection up to £85,000.
Is XTB really commission-free?
Stock and ETF investing is commission-free up to a monthly turnover threshold; above that a fee applies. CFD spreads, overnight financing and FX conversion are separate costs.
Does XTB offer a demo account?
Yes — XTB provides a demo/paper-trading account on the xStation platform.
What can I trade on XTB?
XTB covers stocks, ETFs, CFDs, forex, indices and commodities.
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.