Critical review of XTB Pro: limitations and problems

Regulation and security

We did not find any references to official regulators on the broker’s website, raising initial concerns about its legitimacy. To further investigate, we conducted an extensive search on the Internet for any mentions of the company. Surprisingly, we found very few references, with only the broker’s official website and a page on TrustPilot appearing in the results. This scarcity of information heightened our suspicions about the broker’s credibility.

To delve deeper, we decided to check the domain registration details of the broker’s website. Our findings revealed that the site is relatively new, having been registered for less than 1 year at the time of writing this review. This short domain age raises red flags about the broker’s authenticity and reliability, as established and reputable brokers typically have a longer online presence.

Trading instruments

Although XTB Pro offers a wide range of tradable assets, restrictions on some products and markets may hold back traders looking for comprehensive trading capabilities, especially in the areas of cryptocurrencies and exotic currency pairs.

Account types and fees

XTB Pro’s commission structure may not be attractive to high volume traders due to relatively high spreads and commissions, especially on lower capital and less liquid assets.

Bronze

Minimal deposit: $250
Leverage: 1:100

Features: advanced charts, education center

Gold

Minimal deposit: $1000
Leverage: 1:500

Features: all Bronze features + dedicated account manager

VIP

Minimal deposit: $20.000
Leverage: 1:1000

Features: all God features + exclusive webinars, private events, personal business plan

Platforms

The broker primarily uses the xStation platform, which, despite its functionality, may not meet the needs of traders accustomed to more common platforms such as MetaTrader 4 or 5, limiting trading flexibility.

Education

XTB Pro’s educational resources seem sufficient for beginners, but may not meet the needs of more experienced traders looking for in-depth and advanced analysis or specialized trading strategies.

Advantages and disadvantages

Pros:

• Wide selection of trading instruments

Cons:

• Lack of regulation
• Short online presence (less than 1 year)
• Limited trading platform
• Fake achievements
• High fees and spreads compared to competitors
• Lack of advanced educational resources for experienced traders

Summary

In conclusion, although XTB Pro offers a wide range of trading tools and is regulated by reliable authorities, several limitations and issues may make it less attractive to certain categories of traders. Potential clients should carefully consider all aspects of cooperation with XTB Pro, weighing both opportunities and risks. Evaluating the broker’s fee structure, platform features, and overall transparency is essential before making a decision. Additionally, traders should seek out user reviews and feedback to gain a more comprehensive understanding of the broker’s performance. Consulting with financial advisors can also help in making an informed choice.