Started in 2002, XTB is a global CFD trader with headquarters in London and Warsaw. Several financial experts from around the world, including the top-tier UK Financial Conduct Authority, are in charge of running the organization (FCA).

Additionally, because XTB is listed on the Warsaw Stock Exchange, its financial information is expected to be periodically disclosed.

XTB is regarded as safe because it has a long history, is listed on a stock exchange, and discloses its financial information openly. Low-cost FX CFD fees are charged by XTB, and up to €100k in commission-free stocks and ETFs are offered each month.

There are several options available, including credit/check cards and electronic wallets, and store and withdrawal are usually rapid and free. The process of opening an account is very quick and simple.

XTB Trading Information 2024

On the downside, XTB only offers a small selection of products, namely CFDs, but some European clients can also access real equities and ETFs. Additionally, XTB imposes a dormancy fee and only provides necessary information.

Profits from US-based businesses are subject to the regular 30 percent share charge deduction by XTB. Regardless of whether you live in a nation that has a double taxation agreement with the US, you are not eligible for a lower duty deduction rate (for the most part 15 percent assuming that you exchange at XTB).

If you trade a resource for money other than your record base currency, you will be charged a cash conversion fee. For instance, the assets will be converted using XTB's GBPUSD conversion scale if you swap Vodafone CFDs but have a USD account. For EU clients who have signed up with XTB through its Polish subsidiary, XTB only offers real stocks and ETFs.

If your monthly exchanges of stocks and ETFs total less than €100,000, there is no commission. Although advantageous, this isn't the best option yet because several rivals, like eToro or Trading 212, offer commission-free trading without any restrictions. XTB incurs typical non-exchanging costs.

No record fee, no shop fee for bank move purchases, and no withdrawal fee for bank move withdrawals over a certain limit (between $50 and $200 depending on your country of residence) apply. The cost of a credit/check card or an electronic wallet depends on your country of residence.

The cost associated with these swaps often ranges up to 2 percent. For instance, transactions using a credit card or a cheque are free for UK customers, but transactions using an electronic wallet incur a 2 percent fee. In conclusion, after a year of latency, there is a €10 monthly fee.