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Our top alternative brokers to XTB
eToro
4.7
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Your capital is at risk
Trading 212
4.3
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Our top alternative brokers to XTB
eToro
4.7
Visit broker
Your capital is at risk
Trading 212
4.3
Read review
XTB Alternatives

The best alternatives to XTB are

  1. eToro - Global social trading broker
  2. Trading 212 - Global CFD and forex broker
  3. Markets.com - Global CFD and forex broker
  4. FP Markets - Australian CFD and forex broker

Let's see in a bit more detail how the XTB alternatives compare to XTB and each other:

XTB alternatives comparison
XTB eToro Trading 212 Markets.com FP Markets
Overall score 4.7 4.7 4.3 4.4 4.5
Fees score 3.9 stars 4.4 stars 3.4 stars 2.9 stars 4.2 stars
Account opening score 5.0 stars 5.0 stars 4.5 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.5 stars 3.5 stars 4.3 stars 4.5 stars 4.7 stars
Web platform score 4.4 stars 4.4 stars 4.9 stars 3.8 stars 2.8 stars
Markets and products score 2.8 stars 3.8 stars 3.7 stars 2.8 stars 2.3 stars
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74-89% of retail CFD accounts lose money

Why are these brokers considered good alternatives to XTB? There are many areas based on which XTB can be compared with others. When we say a given online broker is a good alternative to XTB we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

XTB alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading
  • Trading 212 is recommended for active cfd and fx traders and investors looking for intuitive trading platforms
  • Markets.com is recommended for traders looking to venture into cfd trading
  • FP Markets is recommended for forex and cfd traders familiar with metatrader and iress trading platforms

Important factors of finding XTB alternatives

So far BrokerChooser has reviewed 86 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether XTB or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. XTB is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost XTB alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At XTB this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at XTB, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given XTB alternative is a must.


Now let's dive into the details of how XTB and its alternatives perform in the most important areas!

XTB alternatives
eToro

eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading experience Customer support could be improved

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Fees
4.4

eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee and an inactivity fee.
Pros Cons
Low trading fees High non-trading fees
Free stock and ETF trading
Low forex and CFD fees
XTB vs. eToro: Trading fees
eToro XTB
Apple benchmark fee $6.7 $17.3
Vodafone benchmark fee - $20.8
EURUSD benchmark fee $8.7 $8.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XTB vs. eToro: Minimum deposit, time to open an account
eToro XTB
Minimum deposit $200 $0
Time to open account 1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

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Deposit and withdrawal
3.5

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
XTB vs. eToro: Withdrawal options
eToro XTB
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes No
Withdrawal fee $5 $0

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Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. Social trading is available, too. On the other hand, customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of eToro, a XTB alternative
XTB vs. eToro: Trading platform scores
eToro XTB
Web platform score 4.4 stars 4.4 stars
Mobile platform score 4.9 stars 4.4 stars
Desktop platform score - 4.4 stars

Learn more about eToro's web trading platform in the detailed eToro review.

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Markets and products
3.8

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and CopyPortfolio are also available.
XTB vs. eToro: Markets and products
eToro XTB
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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Verdict

How eToro works? eToro offers zero-commission stock trading. The account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Non-trading fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

So is eToro good? Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Below you can find links to all aspects of eToro in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our eToro fees article.

What about the minimum deposit?

Our ultimate guide to the eToro minimum deposit is updated regularly.

How to start your eToro account?

Look no further than our evaluation of the eToro account opening.

How's their trading app?

Here's our expert view after checking the eToro trading app.

Is the quality of customer service satisfactory?

All you need to know about the eToro customer service.

Legit or scam?

Is eToro legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether eToro is really free.

Is this broker good for beginners?

We checked it in Is eToro good for beginners.

Should you buy your silver bullets on eToro?

Research for silver bugs in the Silver buy on eToro guide

I want to trade options, are they available at eToro?

We explored the topic in Can you trade options on eToro?

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.4 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

Visit broker More
Your capital is at risk

XTB alternatives
Trading 212

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for active cfd and fx traders and investors looking for intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Missing phone and live chat support
Great trading platforms High forex fee

Read review

Fees
3.4

Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
Pros Cons
Free stock and ETF trading High forex fees
Low CFD fees High financing rate
No withdrawal and inactivity fee
XTB vs. Trading 212: Trading fees
Trading 212 XTB
Apple benchmark fee $18.3 $17.3
Vodafone benchmark fee $17.8 $20.8
EURUSD benchmark fee $26.4 $8.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Read review
76% of retail CFD accounts lose money

Account opening
4.5

The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit
XTB vs. Trading 212: Minimum deposit, time to open an account
Trading 212 XTB
Minimum deposit $1 $0
Time to open account 1 day 1 day

If you are interested more in Trading 212 minimum deposit, this overview will help you.

Read review
76% of retail CFD accounts lose money

Deposit and withdrawal
4.3

Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee
XTB vs. Trading 212: Withdrawal options
Trading 212 XTB
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes No
Withdrawal fee $0 $0

Read review
76% of retail CFD accounts lose money

Web trading platform
4.9

Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Web trading platform of Trading 212, a XTB alternative
XTB vs. Trading 212: Trading platform scores
Trading 212 XTB
Web platform score 4.9 stars 4.4 stars
Mobile platform score 4.9 stars 4.4 stars
Desktop platform score - 4.4 stars

Learn more about Trading 212's web trading platform in the detailed Trading 212 review.

Read review

Markets and products
3.7

Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
XTB vs. Trading 212: Markets and products
Trading 212 XTB
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Read review
76% of retail CFD accounts lose money

Verdict

Trading 212 works as a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed phone and live chat support, and found forex fees relatively high.

So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

Below you can find links to all aspects of Trading 212 in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Trading 212 fees article.

What about the minimum deposit?

Our ultimate guide to the Trading 212 minimum deposit is updated regularly.

How to start your Trading 212 account?

Look no further than our evaluation of the Trading 212 account opening.

How's their trading app?

Here's our expert view after checking the Trading 212 trading app.

Is the quality of customer service satisfactory?

All you need to know about the Trading 212 customer service.

Legit or scam?

Is Trading 212 legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Trading 212 is really free.

Is this broker good for beginners?

We checked it in Is Trading 212 good for beginners.

Should you buy your silver bullets on Trading 212?

Research for silver bugs in the Silver buy on Trading 212 guide

I want to trade options, are they available at Trading 212?

We explored the topic in Can you trade options on Trading 212?

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 3.4 stars
Recommended for Active CFD and FX traders and investors looking for intuitive trading platforms

Read review
76% of retail CFD accounts lose money

XTB alternatives
Markets.com

Markets.com is a global CFD and forex broker founded in 2008. It is regulated by several financial authorities, like the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA). 

Markets.com offers services and platforms under two brands. The Marketsi platform is for share-dealing and investing, while Marketsx is the platform used for CFD trading. In this review, we focus on Markets.com's flagship CFD trading services, using the Marketsx platform.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders looking to venture into cfd trading

Pros Cons
Free and fast deposit and withdrawal High trading fees
Easy and fast account opening Limited product portfolio
Great tools for learning and research Platforms lack important features

Visit broker
75.6% of retail CFD accounts lose money

Fees
2.9

Markets.com has average trading fees and there is also an inactivity fee. As a plus, it charges no account, deposit, or withdrawal fees.
Pros Cons
No withdrawal fee Inactivity fee
Average forex and CFD fees
XTB vs. Markets.com: Trading fees
Markets.com XTB
Apple benchmark fee $12.6 $17.3
Vodafone benchmark fee $34.2 $20.8
EURUSD benchmark fee $10.4 $8.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
75.6% of retail CFD accounts lose money

Account opening
5.0

Account opening at Markets.com is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XTB vs. Markets.com: Minimum deposit, time to open an account
Markets.com XTB
Minimum deposit $250 $0
Time to open account 1 day 1 day

If you are interested more in Markets.com minimum deposit, this overview will help you.

Visit broker More
75.6% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Markets.com provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
XTB vs. Markets.com: Withdrawal options
Markets.com XTB
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes No
Withdrawal fee $0 $0

Visit broker More
75.6% of retail CFD accounts lose money

Web trading platform
3.8

Markets.com's web trading platform is easy to use, has great search function, and you can set price alerts. On the other hand, there is no two-step login and it lacks some important features, like a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Price alerts Limited customizability (for charts, workspace)
Web trading platform of Markets.com, a XTB alternative
XTB vs. Markets.com: Trading platform scores
Markets.com XTB
Web platform score 3.8 stars 4.4 stars
Mobile platform score 4.3 stars 4.4 stars
Desktop platform score 3.4 stars 4.4 stars

Learn more about Markets.com's web trading platform in the detailed Markets.com review.

Visit broker
75.6% of retail CFD accounts lose money

Markets and products
2.8

Markets.com's product portfolio covers CFDs, forex, and real stocks. On the other hand, other popular asset classes, like ETFs, options, or futures are not available.
XTB vs. Markets.com: Markets and products
Markets.com XTB
Stock Yes Yes
ETF No Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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75.6% of retail CFD accounts lose money

Verdict

Markets.com is an OK broker, especially if you want to concentrate on CFD trading.

Account opening is seamless and fast, it has good research tools and great customer service and is regulated by multiple top-tier financial regulators, like the UK's FCA and ASIC in Australia.

On the other hand, trading fees are high and product selection covers mostly CFDs and forex. We also missed some important features on the trading platforms, like two-step authentication and price alerts on the web.

All in all, Markets.com is a good choice. As the account opening is super easy and there is no inactivity fee, feel free to try it.

Below you can find links to all aspects of Markets.com in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Markets.com fees article.

What about the minimum deposit?

Our ultimate guide to the Markets.com minimum deposit is updated regularly.

How to start your Markets.com account?

Look no further than our evaluation of the Markets.com account opening.

How's their trading app?

Here's our expert view after checking the Markets.com trading app.

Is the quality of customer service satisfactory?

All you need to know about the Markets.com customer service.

Legit or scam?

Is Markets.com legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Markets.com is really free.

Is this broker good for beginners?

We checked it in Is Markets.com good for beginners.

Should you buy your silver bullets on Markets.com?

Research for silver bugs in the Silver buy on Markets.com guide

I want to trade options, are they available at Markets.com?

We explored the topic in Can you trade options on Markets.com?

Markets.com
Summary Markets.com is a brand of Markets.com, a global CFD and forex broker regulated by the UK FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. Its operated by Playtech, a subsidiary that is on the London Stock Exchange.
Fees score 2.9 stars
Recommended for Traders looking to venture into CFD trading

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75.6% of retail CFD accounts lose money

XTB alternatives
FP Markets

FP Markets is an Australian CFD and forex broker founded in 2005. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of St. Vincent and the Grenadines.

FP Markets is considered safe because it has a long track record and it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders familiar with metatrader and iress trading platforms

Pros Cons
Low forex fees High stock CFD fees
Easy and fast account opening Limited product portfolio
Quick deposits and withdrawals Outdated web and desktop platform

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74-89% of retail CFD accounts lose money

Fees
4.2

FP Markets has low forex and non-trading fees and charges no inactivity fee. On the flip side, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees High fee for international bank withdrawal
Low forex fees
XTB vs. FP Markets: Trading fees
FP Markets XTB
Apple benchmark fee $32.9 $17.3
Vodafone benchmark fee $27.6 $20.8
EURUSD benchmark fee $5.6 $8.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

Opening an account at FP Markets is super quick and fully digital. While the minimum deposit is not high for forex, some account types require at least $1,000 balance.
Pros Cons
Fast High minimum account balance for CFD and stock account types
Fully digital
No minimum deposit for forex accounts
XTB vs. FP Markets: Minimum deposit, time to open an account
FP Markets XTB
Minimum deposit $100 $0
Time to open account 1 day 1 day

If you are interested more in FP Markets minimum deposit, this overview will help you.

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.7

FP Markets offers a wide range of deposit and withdrawal options, but some withdrawal methods come with a fee.
Pros Cons
Credit/Debit card available Some withdrawal options are not free of charge
No deposit fee
Several account base currencies
XTB vs. FP Markets: Withdrawal options
FP Markets XTB
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes No
Withdrawal fee $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

FP Markets' web trading platform is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Outdated design
Web trading platform of FP Markets, a XTB alternative
XTB vs. FP Markets: Trading platform scores
FP Markets XTB
Web platform score 2.8 stars 4.4 stars
Mobile platform score 3.8 stars 4.4 stars
Desktop platform score 3.4 stars 4.4 stars

Learn more about FP Markets's web trading platform in the detailed FP Markets review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
2.3

FP Markets offers a great portfolio in CFDs, forex, and cryptos. Australian stocks are available, too. Other stocks, ETFs, mutual funds, bonds, options and futures are missing.
XTB vs. FP Markets: Markets and products
FP Markets XTB
Stock Yes Yes
ETF No Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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74-89% of retail CFD accounts lose money

Verdict

FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and does not charge an inactivity fee. Both account opening and depositing are fast and you'll find high-quality educational tools, too.

On the downside, stock CFD fees are high and the product portfolio is limited, as it covers only CFDs (equities, indices, metals) and forex instruments. MT4 web and desktop trading platforms have outdated designs.

Feel free to try FP Markets as account opening is easy and there are no inactivity fees.

Below you can find links to all aspects of FP Markets in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our FP Markets fees article.

What about the minimum deposit?

Our ultimate guide to the FP Markets minimum deposit is updated regularly.

How to start your FP Markets account?

Look no further than our evaluation of the FP Markets account opening.

How's their trading app?

Here's our expert view after checking the FP Markets trading app.

Is the quality of customer service satisfactory?

All you need to know about the FP Markets customer service.

Legit or scam?

Is FP Markets legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether FP Markets is really free.

Is this broker good for beginners?

We checked it in Is FP Markets good for beginners.

Should you buy your silver bullets on FP Markets?

Research for silver bugs in the Silver buy on FP Markets guide

I want to trade options, are they available at FP Markets?

We explored the topic in Can you trade options on FP Markets?

FP Markets
Summary FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC.
Fees score 4.2 stars
Recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms

Visit broker More
74-89% of retail CFD accounts lose money

XTB alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

Fees
3.9

XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Free withdrawal for transfers above $100
XTB alternatives trading fees
XTB eToro Trading 212 Markets.com FP Markets
S&P 500 index CFD fee $1.5 $1.7 $4.3 $3.3 $0.1
Europe 50 index CFD fee $1.8 $2.9 $6.4 $1.9 $1.7
EURUSD benchmark fee $8.5 $8.7 $26.4 $10.4 $5.6
GBPUSD benchmark fee $6.1 $8.1 $21.0 $11.4 $4.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
XTB alternatives minimum deposit and account open times
XTB eToro Trading 212 Markets.com FP Markets
Minimum deposit $0 $200 $1 $250 $100
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about XTB minimum deposit here.

Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
XTB and alternatives withdrawal options and fees
XTB eToro Trading 212 Markets.com FP Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No Yes Yes Yes Yes
Electronic wallets No Yes Yes Yes Yes
Withdrawal fee $0 $5 $0 $0 $0

Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
XTB - Web trading platform
XTB and alternatives trading platform scores
XTB eToro Trading 212 Markets.com FP Markets
Web platform score 4.4 stars 4.4 stars 4.9 stars 3.8 stars 2.8 stars
Mobile platform score 4.4 stars 4.9 stars 4.9 stars 4.3 stars 3.8 stars
Desktop platform score 4.4 stars - - 3.4 stars 3.4 stars

Learn more about XTB's web trading platform in the detailed XTB review.

Markets and products
2.8

XTB's default selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
XTB and alternatives markets and products
XTB eToro Trading 212 Markets.com FP Markets
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

Below you can find links to all aspects of XTB in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our XTB fees article.

What about the minimum deposit?

Our ultimate guide to the XTB minimum deposit is updated regularly.

How to start your XTB account?

Look no further than our evaluation of the XTB account opening.

How's their trading app?

Here's our expert view after checking the XTB trading app.

Is the quality of customer service satisfactory?

All you need to know about the XTB customer service.

Legit or scam?

Is XTB legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether XTB is really free.

Is this broker good for beginners?

We checked it in Is XTB good for beginners.

Should you buy your silver bullets on XTB?

Research for silver bugs in the Silver buy on XTB guide

I want to trade options, are they available at XTB?

We explored the topic in Can you trade options on XTB?

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 3.9 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

XTB alternatives
Bottom line

Based on our analysis, there are several good alternatives to XTB. They all offer similar products and target similar customers. Here's a recap of the results in a table.

XTB alternatives
Broker Info Recommended for
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
eToro Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading
Trading 212 Global CFD and forex broker Active CFD and FX traders and investors looking for intuitive trading platforms
Markets.com Global CFD and forex broker Traders looking to venture into CFD trading
FP Markets Australian CFD and forex broker Forex and CFD traders familiar with MetaTrader and IRESS trading platforms

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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