XTB vs FlowBank 2023

XTB is a publicly traded company that is authorised by two tier-1 regulators (highly trusted), two tier-2 regulators (trusted), zero one tier-3 regulators (average risk), and zero tier-4 regulators (high risk). XTB is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and European Union Authorized (MiFID)

FlowBank operates a regulated Swiss bank, and is authorised by one Tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

To open a forex trading account with XTB, you'll need to make an initial minimum deposit of $0.

XTB requires a minimum deposit of $0 before you can open an account and start trading forex.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. XTB offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas FlowBank provides Bank Wire (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that XTB offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that XTB holds 2 global Tier-1 licenses, while FlowBank holds 1. XTB holds 2 global Tier-2 licenses, while FlowBank holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that XTB (96) earned a higher Trust Score than FlowBank (80).

To compare the trading platforms of both XTB and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XTB offers a better experience. With research, XTB offers superior market research. Finally, we found XTB to provide better mobile trading apps.

Here’s what trading platforms are available at XTB:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

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Here’s what trading platforms are available at FlowBank:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

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The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both XTB and FlowBank offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. XTB and FlowBank both offer copy trading.

XTB provides traders 57 currency pairs (e.g., EUR/USD) compared to FlowBank's 52 available pairs. If you are interested in trading CFDs, FlowBank offers traders access to 408600 CFDs, while XTB offers access to 6010 CFDs; so FlowBank offers 402590 more CFDs than XTB.

We found in our testing that XTB offers a more diverse selection of investment options than FlowBank, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.