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OKX vs XTB

OKX or XTB – which is better for UK traders 2023? Compare OKX and XTB in this detailed breakdown of their platforms, features and fees.

OKX vs XTB Comparison Table 2023
OKX	XTB

4.1	4.8
OKX is ranked #3 among crypto brokers.	XTB is ranked #2 among CFD brokers.
Review	Review
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.	XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA.
	81% of retail accounts lose money.
Pros
Historical market data for spot and futures combining OHLC data, aggregate trades and trading history Excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority Impressive range of blockchain products, including DeFi services, NFTs and games, alongside established and emerging coins Vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively Wide range of trading products, including futures, options and perpetual swaps Crypto staking and pools available with competitive mining fees from 2% Free mobile app or web-accessible desktop platform Lightning network for faster BTC payments 400+ leading and emerging tokens Unified account for consolidation	5800+ instruments covering major markets Useful educational resources for beginners FCA, KNF, CySEC, and IFSC-regulated 24 hour support available Sunday to Friday Multiple industry awards and respected brand Cashback rebates for high-volume traders Earn interest up to 5% on uninvested balances Professional investing account 1:500 leverage for global traders 3000+ fractional shares Flexible account options Mobile trading alerts Spreads from 0.1 pips
Cons
Withdrawal fees on some cryptos Limited regulatory oversight Inconsistent customer support	Single platform offering Not available to US clients Instrument portfolio limited to mostly CFDs
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
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Spot, futures, perpetual swaps, options	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
10 USDT	$0
Payment Methods
Apple Pay Banxa Credit Cards Google Pay Mastercard PayPal Simplex Visa Wire Transfer	Credit Cards Debit Card Maestro Mastercard PayPal Paysafecard Skrill Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
VARA	FCA, CySEC, IFSC, KNF, DFSA
Margin Trading
Yes	Yes
Margin Rate
	4.5%
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	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
No	Yes
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	Yes
Mobile Apps
Android & iOS	iOS, Android & Windows
Auto Trading
Yes	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP INR JPY SGD RUB AED SAR	USD EUR GBP
Commodities
	Gold Oil Silver Copper Cotton Sugar Precious Metals Gasoline Cocoa Coffee Natural Gas Nickel Soybeans
CFD
	Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. Retail traders also get negative balance protection and zero commissions.
Leverage
	1:30
FTSE Spread
	0.08%
GBPUSD Spread<
	0.1 pips
Oil Spread
	0.03 pips
Stocks Spread
	0.2% variable
Forex
	Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees.
Assets
	45+
GBPUSD Spread
	0.1
EURUSD Spread
	0.2
EURGBP Spread
	0.1
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.
Cryptocurrency
OKX offers a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.	XTB offers an excellent range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts.
Spread
Variable	From 0.22%
Coins
BTC XCH ETH OKB OKT LTC DOT ADA DOGE XRP USDT ICP BCH LINK XLM ETC MATIC THETA UNI TRX EOS FIL XMR NEO USDC AAVE SHIB LUNA KSM BSC ATOM IOTA ALGO XTZ CRO MKR BTT CEL LEO WBTC WAVES KLAY DASH XEM COMP SNX ZEC DCR SUSHI SOL EGLD DAI BTG ZEN NANO KISHU	ADA BTC BCH DSH EOS ETH IOTA LTC NEO XRP XLM TRX XEM XLM XMR DOGE BNB LINK UNI DOT XTZ
Crypto Lending
Yes	No
Crypto Mining
Yes	No
Crypto Staking
No	No
Auto Market Maker
No	No

OKX	XTB
Review	Review
	81% of retail accounts lose money.
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