Market Maker

XTB

European publicly-listed broker offering forex, CFDs, and stock trading with a proprietary platform and regulatory transparency as a public company.

www.xtb.comWarsaw, PolandEst. 2002
Execution PolicyRegulated

BTI Score

50

Average Transparency

Last reviewed: February 8, 2026

Transparency Summary

XTB as a publicly listed company provides investor relations data and execution policies. Some execution venue data is available through MiFID II RTS 28 reports.

BTI Score Breakdown
Execution Policy11/20
Public Metrics7/20
Order Routing7/20
Trading Infrastructure8/15
Support Transparency6/10
Regulatory Disclosure11/15

User Reviews

3.5 avg (2 reviews)
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Feb 6, 2026

Strong platform, public company

Marek P.

xStation 5 · FX

xStation 5 is one of the best proprietary platforms. Being listed on the Warsaw Stock Exchange means they have to publish financial data. MiFID II reports are available. Still a market maker though.

platformregulation
3 0
Jan 30, 2026

Good but not transparent enough

Laura B.

xStation 5 · Equities

XTB offers commission-free stock trading which is great. For forex/CFDs, execution is standard. RTS 28 reports are published as legally required but that's it -- no extra effort on transparency.

transparencystocks
2 1
Regulation
  • FCA (UK)
  • KNF (Poland)
  • CySEC (Cyprus)
  • IFSC (Belize)
Platforms
xStation 5MT4
Review Details

Last reviewed: February 8, 2026

Reviewed by: BTI Research Team

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BTI scores reflect transparency of public disclosures as of the last review date and do not constitute an endorsement, recommendation, or guarantee of any broker's services. Trading forex and CFDs carries significant risk. Past disclosure practices do not guarantee future transparency.