XTB presents a complex risk profile with legitimate licenses in Cyprus and Lithuania, but faces serious fraud allegations and regulatory warnings from multiple jurisdictions including the FCA, AFM, FINMA, CONSOB, and CSSF. Numerous clone operations impersonating XTB have been identified, and investors report withdrawal issues and undisclosed fees. Extreme caution is advised before engaging.
XTB operates in a fragmented regulatory landscape with both legitimate authorizations and serious fraud allegations. The company name has been compromised by multiple clone operations, making verification critically important for prospective investors.
✅ Legitimate Licenses:
⚠️ Major Regulatory Warnings:
XTB's regulatory status requires extreme verification. While legitimate licenses exist in Cyprus, Lithuania, Spain, Chile, and Germany, the company faces material fraud allegations in multiple jurisdictions. The proliferation of clone operations and documented investor complaints regarding fees and withdrawals suggest heightened risk. Only engage with www.xtb.com/cy (CySEC-verified domain) after independently confirming license details through official regulators. Investors in non-regulated jurisdictions should avoid entirely due to zero consumer protection framework.
The Alberta Securities Commission (ASC) has listed XTB on its Investment Caution List as of May 21, 2024. XTB is explicitly identified as an unregistered firm operating without regulatory authorization in Alberta. The ASC advises investors to avoid dealing with XTB and emphasizes the absence of investor protections for unregistered platforms.
The CSSF (Luxembourg's financial regulator) issued an official warning against XTB S.A. on 27 November 2025, identifying it as engaged in illicit activities. The entity operates through fraudulent websites (www.sajhjkc.com and www.pogfph.com) and uses German phone numbers to solicit customers. XTB S.A. holds no authorization from the CSSF and is explicitly prohibited from offering financial services in or from Luxembourg.
CONSOB issued Resolution no. 22830 on October 5, 2023, formally ordering XTB Empire LTD to cease unauthorized provision of investment services to Italian investors. The entity operates through xtb-empire.com and related domains, offering CFD trading without proper authorization. CONSOB confirmed the company is not registered in its official register and has received complaints from Italian retail investors unable to obtain refunds.
The AFM (Dutch Authority for the Financial Markets) issued an official warning against XTB Limited on August 13, 2024. The warning specifically identifies XTB Limited as a clone of an FCA-authorized firm, indicating fraudulent impersonation. The page references the original FCA warning and categorizes this under misuse of firm names and suspicious investment proposals.
BaFin issued a consumer warning on January 8, 2024 regarding fraudulent websites (freedominvestment.us and freedominvestment.de) that misuse XTB's identity. The scam operators falsely claimed BaFin supervision and illegally used XTB S.A. German Branch's commercial register number and Frankfurt address without authorization. XTB itself is a legitimate, BaFin-registered Polish investment firm with no connection to the fraudulent scheme.
The FCA has issued an official warning against 'XTB Trading World,' identifying it as an unauthorized clone firm impersonating the legitimate, FCA-authorized XTB Limited (FRN 522157). Fraudsters are using false contact details to deceive consumers. The warning emphasizes that dealing with this unauthorized firm excludes access to Financial Ombudsman Service and FSCS protections.
The Securities Commission Malaysia (SC) has officially listed XTB Online Trading and XTB Online Global Trading Academy as potential clone entities on its Investor Alert List as of 30 August 2024. This designation indicates unauthorized and suspicious capital market operations. The SC explicitly warns the public against these entities and encourages reporting of any related suspicious activities.
FINMA has officially listed XTBplus (xtbplus.com) on its warning list as an unauthorized entity operating without required financial market licensing. The entity is registered at Prime Tower, Hardstrasse 201, Zurich, and also operates under aliases XTB+, XTB+ online trading, and XTB Plus Trading. FINMA explicitly states these companies are not authorized and may be conducting unlicensed financial activities.
The Trustpilot page displays a warning that XTB's rating is unavailable due to breach of guidelines, with multiple fake reviews removed. A detailed review references FCA (Financial Conduct Authority) warnings about impersonating accounts using the XTB name. Reviewers report suspicious communication practices, excessive document requests, account blocking, withdrawal delays, and undisclosed fees. However, this is a review platform, not an official regulatory source.
The Bank of Lithuania webpage lists XTB LIMITED as a registered financial market participant operating under MiFID 2 framework. XTB is categorized as an EU/EEA crypto-asset service provider and financial brokerage firm from Cyprus lawfully providing services in Lithuania without local establishment. The listing indicates regulatory acknowledgment and supervision rather than any warning or enforcement action.
View Source ↗XTB Ltd is officially listed as a regulated Cypriot investment firm by CySEC, the Cyprus Securities and Exchange Commission. The firm holds Licence Number 169/12 issued on 18/04/2012 and is authorized to provide multiple investment services including order reception/transmission, execution, dealing, and portfolio management across EU member states. No warnings, enforcement actions, or regulatory alerts are present on this official CySEC regulatory page.
View Source ↗XTB AGENTE DE VALORES SPA is registered with the Chilean Financial Market Commission (CMF) as an active securities agent. The entity holds current regulatory status with RUT 76690832-2 and is officially listed in the CMF's registry of supervised entities. No warnings, sanctions, or enforcement actions are indicated on this regulatory page. The company maintains valid operational authorization under CMF supervision.
View Source ↗The CNMV webpage displays XTB S.A., SUCURSAL EN ESPAÑA in its official entity information registry. The page confirms that XTB maintains a recorded entry in the CNMV's Official Records as a Foreign Investment Service Company operating in Spain. No warnings, alerts, or enforcement actions are displayed on this registration page. The presence in the CNMV registry indicates regulatory recognition of the entity's operations.
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