XTB vs Woxa

XTB vs Woxa Comparison Table 2024
XTB Woxa
4.8
2.8

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.

Woxa is an STP broker established in 2021 and regulated by the Financial Services Commission (FSC) in Mauritius. Over 2000 CFDs are available spanning popular asset classes, including forex, stocks, indices, commodities and crypto. Woxa offers an in-house web platform, alongside a mobile app and copy trading service.

78% of retail accounts lose money.
Customer Reviews
4.5
3.3
Bonus Offer
$50 Welcome Bonus
Comment by Reviewer
"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. " "Woxa is best for beginners looking for a low minimum deposit, easy-to-use platform and social investing features. However, it seriously trails alternatives in several key areas, including safety, trading fees and customer support."
Pros
  • 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.
  • The trading platform is very easy to use thanks to its modern design and intuitive navigation
  • TradingView's charting package is excellent with 100+ indicators and drawing tools
  • The $25 minimum deposit is lower than most alternatives and accessible for beginners
  • It is really easy to open a Woxa account – taking less than 5 minutes
Cons
  • 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.
  • Woxa is still relatively new with weak regulatory credentials and limited safeguards
  • Spreads came in above average during testing, especially on currency pairs
  • The Academy is good for learning the basics but offers little for experienced traders
  • Traders can't use the MetaTrader platforms and algo trading isn't supported
  • Woxa seriously lags behind top brokers when it comes to market research tools
  • Investors can only deposit with wire transfer and there is a fee for non-USD transfers
  • The copy trading service doesn’t compete with industry-front runners
  • Customer support was unreliable during testing
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
CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs CFDs on Forex, Commodities, Stocks, Indices, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $25
Trading Platforms
  • xStation
  • Woxa Platform
  • App
Payment Methods
Minimum Trade
0.01 Lots 0.01
Regulator
FCA, CySEC, KNF, CNMV, DFSA, FSC FSC
Margin Trading
Yes Yes
Margin Rate
4.5%
STP Account
Yes Yes
ECN Account
No No
DMA Account
Yes No
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
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
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.

Woxa offers a user-friendly mobile app where you can speculate on 29 currency pairs, including majors and minors. Charts have been optimized for mobile and tablet devices and you can manage your account and speak to customer support. The forex app is available on iOS and Android devices.

Android App Rating
4.1
iOS App Rating
4.7
Auto Trading
Open API
Copy Trading
No Yes
Copy Trading Platform
The CopyTrade service at Woxa allows you to copy the strategies of experienced investors. You can pick master traders based on various metrics, including total returns, risk ratings and trading timescales. However, it trailed best-in-class copy trading app eToro during testing.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$0 $0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • HUF
  • USD
Stock Exchanges
Commodities
CFD Trading
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. Woxa offers a good breadth of CFDs covering popular asset classes, from stocks, indices and forex to commodities and cryptos. High leverage up to 1:400 is also available, which is more than most alternatives. You can trade CFDs on the web platform or investing app.
Leverage
1:30 (EU) 1:500 (Global) 1:400
FTSE Spread
1.8 5.38
GBPUSD Spread
1.4 5.5
Oil Spread
0.03 0.06
Stocks Spread
0.2% 0.53 (Tesla)
Forex Trading
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. Woxa offers trading on 29 currency pairs including majors, minors and exotics. However during testing, spreads were higher than the industry average at 2.0 pips on the EUR/USD. Also while you can make use of the forex-specific educational resources in the Woxa Academy, materials are not as extensive as other brokers.
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.

Woxa offers a user-friendly mobile app where you can speculate on 29 currency pairs, including majors and minors. Charts have been optimized for mobile and tablet devices and you can manage your account and speak to customer support. The forex app is available on iOS and Android devices.

GBPUSD Spread
1.4 5.5
EURUSD Spread
1.0 2.0
EURGBP Spread
1.4 7.8
Assets
70+ 29
Cryptocurrency
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. Woxa offers a slim selection of 10 cryptocurrencies, though major tokens like Bitcoin and Ethereum are available. Spreads on crypto are competitive based on comparisons with other brokers. You can trade digital currencies 24/7 with customizable watchlists.
Spread
0.22% 28.2
Coins
  • ADA
  • BTC
  • BCH
  • DSH
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • XRP
  • XLM
  • TRX
  • XEM
  • XLM
  • XMR
  • DOGE
  • BNB
  • LINK
  • UNI
  • DOT
  • XTZ
  • ADA
  • BAT
  • BCH
  • BTC
  • DOT
  • ETH
  • LTC
  • SOL
  • UNI
  • XTZ
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
78% of retail accounts lose money.
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