Is XTB Scam? | XTB Safety and Reliability

XTB or X-trade Broker is one of the best forex and CFD brokers with more than 250,000 users around the world and various trading instruments. It was founded in Poland, in 2002 and regulated by different financial authorities including the top-tier UK Financial Conduct Authority (FCA).

Is XTB Regulated?

If you want to know about some broker reliability, then search for regulators that regulate that broker. If these regulators are top-tier and provide a balance protection, then this broker is trusted.

The XTB broker is regulated by many financial authorities in different countries like:

• FCA: The Financial Conduct Authority of UK
• CySEC: The Cyprus Securities and Exchange Commission
• KNF: The Financial Supervision Authority of Poland
• CNMV: The National Securities Market Commission of Spain
• IFSC: The International Financial Services Commission of Belize

Is XTB a Scam?

XTB has a long track record since its foundation in 2002 and has survived from many financial crises up-till-now with more than 250,000 users worldwide.

XTB is also listed in the Warsaw stock exchange in Poland and publishes its financial statements regularly.

Also, XTB is regulated by top-tier financial authorities like the FCA which is trustworthy.

XTB Awards
XTB broker was awarded with several awards like:

• Best Brokerage House in Europe
• Best CFD Trading Broker
• Best Financial Educator

Client Protection

The XTB client has protection according to his/ her country from different regulators. The table below shows the client protection amounts.

XTB Legal Entities Table

XTB also provides a client negative balance protection for forex and CFD trading, but only for retail clients from the European Union.

The non-EU clients are not covered by any negative balance protection.

2-step Verification

Unfortunately, XTB lacks the two-step verification method while logging in.