XTB investment platform review: features and fees for individuals

Disclaimer: The information in this article is for reference purposes only. Wise does not offer to buy or sell stocks, and all information on this page should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. Remember that investments, even in low-risk funds, are never guaranteed and your capital is at risk.

Looking to get started in investing? A relatively straightforward way to do it is on an online investment platform. But there are quite a few platforms available in the UK, so you might need some help choosing the right one for you.

In this guide, we’ll be taking a close look at the popular platform XTB. The Polish company is FCA regulated and offers online trading solutions for traders, investors and advisors in the UK and worldwide.

Read on for everything you need to know about XTB, including who its best for, supported currencies, features, fees and how to buy stock on the platform.

So, let’s dive right into our XTB review.

Who XTB is best for?

Generally speaking, XTB is a good option for both new and more experienced traders.

It offers a simple, user-friendly and customisable platform that should suit most users, along with access to hundreds of global markets. You can use it to trade in shares, indices, raw materials and ETFs.

XTB also has a free demo account, a particularly good feature for beginners.

Who can open an account?

XTB doesn’t state its requirements for who can open an account. But it’s likely that you’ll need to be at least 18 years old and a legal resident of the UK.

You’ll also need to provide the following documents and details on application:¹

• Personal details, including name, address, contact details and date of birth
• Proof of identity
• A recent bank statement.

What currencies are supported?

With an XTB account, you can trade stocks in any currency. The platform will automatically convert the currency (for a fee - we’ll look at that shortly).

If you’re interested in forex, you can invest in CFDs in 70 currency pairs.²

XTB features

Here are the kind of features you can expect when you open an account with XTB:³

• User-friendly interface
• Access to 6000+ instruments including stocks, ETFs and CFDs all over the world
• Investment plans for investing passively in ETFs
• Position management tools, including an investment calculator, advanced charting tools to gauge market sentiment, stop loss/take profit and automatic pending order functions
• Easy, free and instant deposits
• Interest on uninvested funds
• Demo trading account
• Daily market news through push notifications
• Extensive knowledge base, including hundreds of hours of online courses
• Dedicated customer support.

XTB fees

Now we come to the all-important question of cost. What does XTB charge in account, trading, commission and other fees?

The table below shows the main fees involved in trading with XTB. However, it’s strongly recommended to check the full list of additional and third party fees before joining the platform.

Fee	Amount4
Account management fee	None
Deposit fee	Free
Withdrawal fee	Free above £50
Commission fee	- Free up to monthly turnover equivalent to €100,000 EUR - 0.2% above that (min. £10 GBP)
Currency conversion fee	0.5%

Does XTB have an account fee?

No, XTB doesn’t charge a fee for opening an account.

It also has no maintenance fee, as long as the account is active. You’ll need to make at least one purchase or sale a year, otherwise a £10 a month maintenance charge will apply.⁵

Trading fees with XTB

It’s usually the case that you’ll pay a trading or commission fee when you buy or sell shares on an online investment platform.

However, XTB doesn’t charge trading fees until you reach a certain monthly earnings threshold - and it’s quite generous.

How much does XTB charge for UK stocks?

If you want to use XTB to buy UK stocks and shares, the good news is that you won’t pay any trading or commission fees until you hit the monthly turnover equivalent of €100,000 EUR. After this point, you’ll pay a fee of 0.2%.⁴

XTB withdrawal fees

XTB doesn’t charge any withdrawal fees, provided you withdraw a minimum of £50 each time.

If you do want or need to withdraw a smaller amount, there will be a fee of £5 per withdrawal.⁶

XTB commission fees

Unlike some other platforms, XTB doesn’t charge commission fees on trading.

However, you should always check the detailed list of fees before signing up and investing. There may be additional fees and charges you need to know about.

How to buy stock with XTB

Once you’ve signed up for an account with XTB, you’ll be about ready to make your first trade.

If its stocks and shares you’re interested in, here’s how to buy with the XTB platform in a few simple steps:⁷

1. Log in to your XTB account on desktop or mobile
2. Choose which market you’d like to trade in, and the product/instrument
3. Make your first deposit to your XTB account - this will fund your investments. It should be quick and easy to deposit, and there are a choice of payment methods including cards and bank transfers.
4. Open a trade. You can either go to the chart of the product you’re interested in, or open the Market Watch window and select ‘new order’. A third way to do it is to double-click on the instrument symbol.
5. Enter the transaction size - this is either how much you want to invest or the number of shares you want to buy.
6. Click the green price button to buy (or the red button if you want to sell).
7. Check the details and submit your order.
8. You can also manage your trade by using Stop Loss or Take Profit orders.

Buying stock in another currency?

Buying or selling a stock or shares that aren’t traded in your local currency? Don’t let the currency conversion trip you up. Convert your stocks or shares into any currency with our handy tool, and you’ll always know what you’re getting.

Check out our handy international stock ticker tool.

Explore international stocks 🌍

Disclaimer: Wise's international stock ticker provides information for reference purposes only. This tool and platform does not offer to buy or sell stocks, and the data displayed here should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. We make no guarantees regarding the accuracy or completeness of the information provided, and users should exercise caution and seek professional guidance when making investment choices.

How is the XTB mobile app?

The XTB Online Investing mobile app is available from Google Play for Android devices and the App Store for iOS devices.

At the time of writing, it has a score of 4.4 from 60.7k reviews on the Google Play store.⁸

Over at the App Store, the app has a score of 4.7 from 7.9k reviews.⁹

XTB customer service

Need help? You can contact XTB customer service using the following methods:¹⁰

• Call +44 2036953086
• Online chat via the XTB website
• Email uksales@xtb.com.

Alternatives to XTB

There are lots of alternatives to XTB out there, including:

• Trading 212
• eToro
• IG Trading
• Interactive Brokers (IBKR)
• Webull
• Hargreaves Lansdown
• Charles Schwab
• Fidelity

FAQs about investing with XTB

Is the XTB platform good for beginners?

Yes, XTB is suitable for new investors. It’s quick and easy to sign up, with a user-friendly interface. Plus, it offers a free demo account and online resources and training for new investors.

What is the minimum deposit for XTB?

There is no minimum deposit required for XTB investment accounts.⁴

How do you withdraw from XTB?

Firstly, you’ll need to verify your bank account with XTB. Once this is done, you can simply click the Deposit-Withdrawal button and enter the amount you’d like to withdraw.¹¹

How long does it take to withdraw money from XTB?

If you submit your withdrawal request before 1pm, it should be processed the same day. Otherwise, it’ll be processed on the next working day.¹¹

Is XTB regulated by the FCA?

Yes, XTB Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) in the UK.

Save money when selling or buying international stocks with Wise

If you are buying or selling international stocks and funds listed abroad, you might be hit with extra costs for cross border money transfers.

But if you use Wise money transfer, you can avoid hidden currency exchange markups. Open a Wise account and you’ll be able to conveniently manage your money in up to 40+ currencies. This means you can convert your money into other currencies when the time is right for you at the mid-market rate for only a small, transparent conversion fee*.

Not sure about using investment platforms? With a Wise account, you can choose how your money is used. Choose the balance or Jar then under Balance information, select ‘Earn’ and choose from one of three options.

1. Cash
2. Stocks
3. Interest

All your money is held as ‘cash’ by default, so you can’t earn a return on the money you spend, but it isn’t at risk in the market. If you choose the ‘Stocks’ option, we’ll invest some or all of your money in the Jar or balance in the index tracking fund we’ve chosen.

Finally, if you opt for Interest you can choose to give us permission to invest all or some of your money in the Jar or balance in the interest-earning fund we’ve chosen. This will depend on the currency.

With Wise Interest, you can help grow your international money and start earning a return on the pounds, euros and dollars** in your balance.

**Wise Interest and Stocks is only available to some UK, Singapore and some EEA residents and most businesses that are tax resident in the UK. To discover if you are eligible, check your account and if you can see the option to change your Balance or Jar from Cash to Interest or Stocks, then you are eligible. Capital at risk.

You’ll also have full access, at all times without the typical access fees or spend restrictions so you can continue using your money as usual.

We’ll only ever invest your cash in a fund of government-backed assets - so when the central bank rates change, your return does too. We will always track the central bank rate whereas other providers may cut rates faster, which means you’re more likely get a fairer rate.

Capital at risk. Growth not guaranteed. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you’re uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

If you do decide to change how we hold your money, while the change is processing, the icon will temporarily display as "Pending" and this can take up to 2 business days, however may require an additional business day if you have ongoing transactions in progress or we are still processing previous changes.

Why not turn on Interest, to help boost your balance?

Get Wise and Invest from £1

Capital at risk. Growth not guaranteed. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you’re uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

You may also be interested in:

• How Wise Interest works
• Using Wise Interest
• How do I use Wise Interest and Stocks?

Remember: Always seek professional advice when making financial decisions. Investments, even in low-risk funds, are never guaranteed and your capital is at risk.

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Disclaimer: The information in this article is for reference purposes only. Wise does not offer to buy or sell stocks, and all information on this page should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. Remember that investments, even in low-risk funds, are never guaranteed and your capital is at risk.

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Sources used:

1. XTB - XTB trading account application
2. XTB - how Forex works
3. XTB - XTB app platform
4. XTB - account and fees
5. XTB - fee for inactive accounts
6. XTB - table of XTB’s commissions and fees
7. XTB - XTB’s trading for beginners guide
8. Google Play - XTB android app
9. App Store - XTB Apple app
10. XTB - contact
11. XTB - how withdrawals work

Sources last checked on date: 16-Oct-2024