0% commission on stocks & ETFs up to €100k/month — with the award-winning xStation 5 platform
WhichBrokr Category Ratings
XTB was founded in 2002 in Warsaw and has grown to become one of Europe's largest retail brokers, serving over 1 million clients across 13 countries. The company is listed on the Warsaw Stock Exchange and regulated by both the FCA in the UK and KNF in Poland — a dual oversight structure that provides meaningful accountability. In 2022, XTB launched commission-free stock and ETF investing, transforming from a pure CFD broker into a competitive multi-asset platform.
The headline proposition is compelling: 0% commission on real stocks and ETFs up to €100,000 per month. For the vast majority of retail investors, this limit is never breached, making XTB effectively free for regular investing. The platform, xStation 5, is widely considered one of the best proprietary trading platforms in Europe — featuring advanced charting, market scanners, economic calendars and portfolio heat maps in a clean, intuitive interface.
XTB's main limitations are the 0.5% FX conversion fee on non-EUR assets, the €10/month inactivity fee after 12 months of no trading, and a less developed account wrapper offering compared to UK platforms (no SIPP or tax-sheltered ISA equivalent for most markets). It remains primarily a European/UK-focused broker and is not available to US residents.
A structured assessment across 5 pillars — regulation, tax/legal, costs, features and platform accessibility. Updated July 2026.
XTB's 0% commission offer makes it one of the most cost-effective brokers for European investors making regular stock and ETF purchases within the €100k monthly limit. The main cost to watch is the 0.5% FX fee for non-native currency trades.
| Fee type | XTB | Market Average |
|---|---|---|
| Stock / ETF trade | 0% (up to €100k/month); 0.2% above | free–0.5% |
| CFD EUR/USD spread | 0.8 pips (standard) | 0.6–1.5 pips |
| FX conversion | 0.5% | 0.25–1.5% |
| Inactivity fee | €10/month after 12 months | €5–€15/month |
| Deposit | Free | Free |
| Withdrawal | Free above €50 | Free–€5 |
| Account maintenance | €0 | €0 |
⚠ The 0.5% FX fee applies every time you buy or sell a non-EUR stock. For a US stock investor making 10 trades/year at €1,000 each, this adds €100/year in hidden FX costs — worth factoring into your total cost comparison.
XTB is regulated by 6+ authorities across multiple jurisdictions, with the strongest protection for UK clients under FSCS (£85,000 coverage). The Warsaw Stock Exchange listing provides public financial accountability.
| Primary Regulators | FCA, KNF, CySEC, ASF, ČNB, CMVM, CNMV, BaFin, AMF, NBS, MNB, CMF, DFSA, SCA, FSC, FSA, Bappebti, FSCA |
| Public Listing | Warsaw Stock Exchange (XTB) — quarterly financial reporting |
| UK client protection | £85,000 (FSCS — cash + investments) |
| EU client protection | €20,000 (ICF — investor compensation fund) |
| Asset segregation | Client funds held in segregated accounts at tier-1 banks |
| Negative balance protection | Yes — retail clients (EU/UK regulated entities) |
| Operating since | 2002 |
| Known regulatory issues | KNF fine issued April 2026 — related to fee disclosures |
xStation 5 is one of the strongest proprietary platforms available to European retail investors. It combines professional-grade charting with an intuitive interface accessible to beginners.
| Web platform | ✅ Yes — xStation 5 (full-featured, no download needed) |
| Desktop app | ✅ Yes — Windows (enhanced charting) |
| Mobile app (iOS) | ✅ Yes — 4.4★ App Store |
| Mobile app (Android) | ✅ Yes — 4.3★ Google Play |
| Charting tools | ✅ Advanced — 30+ indicators, drawing tools, multiple timeframes |
| Demo account | ✅ Yes — £100,000 virtual funds, unlimited duration |
| Algorithmic trading | ⚠ Limited — no direct API but third-party EA support via MT4/MT5 (CFD accounts) |
| Price alerts | ✅ Yes — web, desktop and mobile |
| Two-factor authentication | ✅ Yes |
XTB offers a comprehensive selection for European retail investors, combining real stocks/ETFs with an extensive CFD catalogue. The real stock offering is particularly strong for EU and US markets.
| Stocks (real) | 3,100+ (EU, US, UK, some EM) |
| ETFs (real) | 300+ UCITS-compliant ETFs |
| Fractional shares | ✅ From €10 |
| CFDs | 2,100+ (indices, forex, commodities, stocks, crypto) |
| Crypto CFDs | ~40 cryptocurrency pairs |
| Commodities | Gold, oil, natural gas and 20+ others (CFD) |
| Options / Futures | ❌ Not available |
| Bonds | ❌ Not available (direct) |
| ISA / SIPP | ❌ Not available |
Consistently ranked best-in-class — clean UI, fast execution, built-in market scanner, economic calendar and sentiment tools
No commission on real stocks and ETFs up to €100,000/month trade value — compelling for buy-and-hold investors
CFD spreads on EUR/USD from 0.8 pips; equities CFDs from 0.08% — competitive for active traders
Regulated by FCA (UK), CySEC (EU), KNF (Poland) — well-capitalised, Warsaw Stock Exchange listed
Despite adding real stocks/ETFs, XTB's heritage as a CFD broker puts off long-term investors — perception issue
0.5% conversion on trades in non-account currency — catches EUR/GBP investors in US stocks off-guard
€10/month after 12 months of no trading activity — penalises occasional investors and long-term holders
~3,500 real stocks/ETFs vs 5,000+ at eToro or Interactive Brokers — not ideal for niche-market stock pickers
ⓘ Percentages reflect share of mentions across 32,000+ Trustpilot reviews and Reddit r/eupersonalfinance and r/UKPersonalFinance threads analysed in Aug 2026. User-reported sentiment, separate from our editorial findings.
XTB is a genuinely compelling choice for European investors who want a professional-grade platform without paying commissions. The 0% stock/ETF commission up to €100k/month combined with xStation 5's quality makes it hard to beat on value for regular investors. The FCA + KNF dual regulation and Warsaw Stock Exchange listing provide meaningful safety and accountability.
The main caveats are structural: the 0.5% FX conversion fee makes US stock investing more expensive than it appears, and the €10 inactivity fee penalises investors who go through quiet periods. The absence of UK tax wrappers (ISA, SIPP) means UK investors should consider XTB for general investing while using a dedicated ISA/SIPP broker for tax-sheltered accounts.
Best for: European investors making regular stock and ETF purchases who want a high-quality platform without paying commissions. Not ideal for: UK investors wanting an ISA/SIPP, high-frequency US stock traders sensitive to FX costs, or anyone who will go more than 12 months without trading.
| Is XTB safe? | Yes — XTB is regulated by FCA (UK), KNF (Poland) and CySEC. UK clients are protected by FSCS up to £85,000. Client funds are held in segregated accounts at tier-1 banks. |
| Does XTB charge commission on stocks? | No — XTB charges 0% on real stock and ETF trades up to €100,000 per month. Above that limit, 0.2% applies. CFD trades use spread-based pricing. |
| What is XTB's inactivity fee? | €10 per month after 12 consecutive months with no trading activity. To avoid it, make at least one trade every 12 months. |
| Can I hold real stocks on XTB? | Yes — XTB offers real (not CFD) stock and ETF trading on its investing account. Crypto and index exposure are CFD-based. |
| Is XTB available in the US? | No — XTB does not accept US residents due to regulatory restrictions. |
| Does XTB offer an ISA or SIPP? | No — XTB does not offer UK tax-advantaged wrappers. Use Hargreaves Lansdown, AJ Bell or Freetrade for ISA/SIPP accounts. |