Robinhood vs XTB

Robinhood vs XTB Comparison Table 2024
Robinhood XTB
0.9

Robinhood is #35 in our broker rankings.

We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
4.8
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Robinhood is a stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.

Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.

77% of retail accounts lose money.
Customer Reviews
1
4.5
Comment by Reviewer
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker." "XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "
Pros
  • Crypto trading available for US clients, with no commission fees and a low minimum deposit of $1
  • Intuitive mobile trading app with 24/7 live support and in-app stock market news
  • Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners
  • Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment
  • Robinhood Cash Card offers weekly bonuses invested into stocks, as well as cashback on popular brands
  • Receive NFTs on the Polygon and Ethereum network and connect to decentralized applications via your Robinhood wallet
  • With over 5,600 instruments across forex, stocks, indices, ETFs, commodities, and cryptocurrencies, including CFDs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors.
  • The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.
  • With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
  • XTB has started offering interest on uninvested balances (up to 5% on $30K+) with lower requirements than brokers like eToro (up to 5% on $50K+).
  • Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
  • First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
  • XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.
Cons
  • Limited research and education tools compared to top-rated brokers like IG
  • Previous lawsuits and negative press surrounding the firm's controversial business practices
  • Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes
  • Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5%
  • Concerning history of security breaches
  • XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
  • The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.
  • XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite.
  • Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
  • The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.
  • Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
Awards
  • Best Forex Broker for Beginners 2022
  • Best Customer Service 2021
  • Best Forex Broker for Low Costs 2021
  • Best Mobile App for Investing 2020
  • #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018
  • Best Polish Forex Broker 2019
  • Best Execution Broker 2019
Instruments
Stocks, ETFs, ADRs, Options, Crypto CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
Demo Account
No Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Robinhood Platform
  • xStation
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
SEC, FCA FCA, CySEC, KNF, CNMV, DFSA, FSC
Margin Trading
No Yes
Margin Rate
2.5% 4.5%
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
App Review

Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.

Android App Rating
4.3
iOS App Rating
4.7
Auto Trading
No Open API
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$0 $0
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • HUF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered XTB offers a huge selection of more than 2,100 CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependant). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies.
Leverage
1:30 (EU) 1:500 (Global)
FTSE Spread
N/A 1.8
GBPUSD Spread
N/A 1.4
Oil Spread
0.03
Stocks Spread
0.2%
Forex Trading
Forex trading not offered XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.
Forex App

With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.

GBPUSD Spread
1.4
EURUSD Spread
1.0
EURGBP Spread
1.4
Assets
70+
Cryptocurrency
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak. XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading.
Spread
0% 0.22%
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • SOL
  • DOGE
  • BTG
  • OMG
  • XMR
  • QTUM
  • DASH
  • XRP
  • XLM
  • ZEC
  • NEO
  • LSK
  • ADA
  • BTC
  • BCH
  • DSH
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • XRP
  • XLM
  • TRX
  • XEM
  • XLM
  • XMR
  • DOGE
  • BNB
  • LINK
  • UNI
  • DOT
  • XTZ
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
77% of retail accounts lose money.
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