Desk file · 2026 edition · record confidence: high
XTB
We opened the file on XTB the way we open every file: register first, marketing never. Trading since 2002, run out of Warsaw, Poland, and carrying 3 licence entries on the public record, 1 of them tier-1. Opened under the KNF entity.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | 8.4 |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | 6.6 |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $50.00 |
Spread basis. sampled EUR/USD average on the tightest retail account. Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| KNF | DDM-M-4021-57-1/2005 | Poland | T2 | XTB S.A. | xtb.com |
| FCA | 522157 | UK | T1 | XTB Limited | register.fca.org.uk |
| CySEC | 169/12 | Cyprus | T2 | XTB Ltd (Cyprus) | cysec.gov.cy |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- XTB was founded in Poland in 2002 as X-Trade and is headquartered in Warsaw.
- XTB S.A. is listed on the Warsaw Stock Exchange under the ticker XTB.
- XTB Limited is authorised and regulated by the FCA under firm reference number 522157.
- XTB states it does not set a minimum initial deposit for a trading account.
- XTB clients trade on the firm's proprietary xStation 5 platform; XTB withdrew MetaTrader 4 support in 2021.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- EUR/USD 0.5 pips is a widely reported Standard-account figure, not a regulator-verified average
| Founded | 2002 |
| Head office | Warsaw, Poland |
| Minimum deposit | None |
| Leverage cap | 1:30 (UK/EU retail) |
| EUR/USD | 0.50 pips |
| Tier-1 entries | 1 |
| Record confidence | high |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.