PolandRegulationKNF, FCA, CySEC, Belice
Min. deposit$0
Leverage1:1 – 1:500
PlatformsxStation 5
InstrumentsForex, CFDs & stocks
Founded2002
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at XTB.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
FCA + FSCSMarket maker
XTB Limited UK (FRN 522157) — FSCS up to £85,000European Union
KNF/CySEC + compensationMarket maker
XTB S.A. (KNF Poland, listed on GPW) and XTB Ltd CY (CySEC 169/12, ICF €20,000)United States
Not served
Doesn't accept US retail clientsAustralia
Doesn't serve Australia
No active ASIC AFSL — no protectionRest of the world
Offshore BelizeMarket maker
XTB International Ltd (FSC Belize) — no compensation schemeAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Standardno commission on FX/CFD, cost in the spread (~0.5-0.7 pip EUR/USD); stocks/ETFs commission-free up to €100k/month
Proraw spreads (~0.3-0.5 pip) + commission ~$7 round-turn
Pros
—
Cons
✗Outside your region, offshore entity
✗Very high leverage (more risk)
✗No MT4/MT5 (not usable for EAs)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: KNF Poland (listed on WSE) + FCA 522157 + CySEC 169/12 for EU/UK; rest of the world via XTB International (Belize) = offshore. What drags it down is the conduct history, not the license
Withdrawals / payments: Isolated complaints10/20 pts
Why: mostly clean; friction from the same-name account rule after KYC; no systemic denial
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated + negative balance; the offshore entity (Belize) has no compensation scheme (EU/UK do: ICF/FSCS)
Transparency: With caveats5/10 pts
Why: 2 KNF fines: 2018 ~PLN9.9M for asymmetric slippage (upheld 2023) + 2026 ~PLN20M for CFD conduct (misappropriation, HOT conflict list, misleading disclosure)
Reputation: Mixed5/10 pts
Why: publicly listed but recurring pattern of KNF conduct fines; Trustpilot ~3.9
Costs: Average4/8 pts
Why: EURUSD ~0.9 pip Standard, ~0.1 Pro + commission
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 FCA registration — XTB Limited (FRN 522157)🔗 CySEC registration — XTB Ltd (169/12)🔗 XTB — group regulation🔗 XTB UK — Order Execution Policy (PDF)Trader reviews
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