- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
XTB review 2026: is XTB legit in Kenya and South Africa?
XTB is a Warsaw-listed broker with a strong xStation platform and real shares, but South African clients are served by XTB International in Belize, not an FSCA company. The account is USD only, and there is no negative balance protection for South Africans.
- Founded2004
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCANot licensed
- Minimum deposit$0
- M-PesaNot confirmed
Is XTB regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
South African clients are served by XTB International Limited, regulated in Belize, not by an FSCA-authorised company.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About XTB
XTB was founded in Poland in 2004 and has been listed on the Warsaw Stock Exchange since 2016. TradeFX reports that South African clients contract with XTB International Limited, regulated by the FSC of Belize.
Who XTB suits, and who should look elsewhere
Good fit if you
- want xStation and real shares and accept an offshore company
Look elsewhere if you
- want FSCA or CMA protection
- want MetaTrader
XTB account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Standard | $0 | No commission on CFDs; EUR/USD about 1.3 pips |
Leverage: Up to 1:500 on major forex for the Belize company.
XTB fees: spreads, commission and other charges
| Withdrawals under $50 | $30 |
| Inactivity fee | €10 a month after 365 days without trading and 90 days without a deposit |
| Currency conversion | 0.5% |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
XTB deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- XTB is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed.
🇿🇦 South Africa
- Served by XTB International Limited (Belize), not FSCA.
- USD-only account.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
XTB trading platforms
- xStation 5
- XTB app
Is your money safe with XTB?
- Listed parent company.
- No negative balance protection and no compensation scheme for South African clients, per TradeFX.
XTB pros and cons
Pros
- Listed parent
- xStation 5
- Real shares and ETFs
Cons
- No local licence
- No negative balance protection
- Withdrawal and inactivity fees
Our real-money test of XTB
Coming
We will open a XTB account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
XTB withdrawal time: reports from traders
How long do XTB withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at XTB? Get a ready complaint letter and the right regulator contact with our complaint desk →
XTB: questions people ask
Is XTB regulated in Kenya?
No. XTB is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is XTB regulated by the FSCA in South Africa?
No. XTB is not licensed by the FSCA. It may still accept clients from South Africa through an offshore company, but you would have no FSCA protection or local complaints route. South African clients are served by XTB International Limited, regulated in Belize, not by an FSCA-authorised company.
Is XTB regulated in South Africa?
No. South African clients are served by XTB International in Belize.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.