The EUR 100,000 monthly turnover threshold

The most important number in XTB’s fee structure is the EUR 100,000 monthly turnover cap. Below it, every trade in real stocks and ETFs costs EUR 0. Above it, you pay 0.2% on the excess, with a minimum of EUR 10 per trade. To put this in context: a EUR 100,000 monthly turnover limit means an investor making EUR 2,000 purchases weekly across 50 weeks would hit the cap. The vast majority of retail passive investors never get close. If you are investing EUR 500–5,000 per month into a handful of UCITS ETFs, the cap is irrelevant to you.

The 0% commission applies to real stocks and ETFs — meaning you own the underlying shares outright (XTB calls this OMI, or Own Market Infrastructure). This is distinct from CFD versions of the same instruments, where XTB acts as a market maker and earns via the bid-ask spread. Make sure you are buying in the correct instrument category when placing an order.

Break-even math: when does the 0.2% commission kick in?

An investor contributing EUR 2,000 per month into a single global ETF accumulates EUR 24,000 in annual turnover — 24% of the threshold. An investor rebalancing a EUR 100,000 portfolio twice a year generates EUR 200,000 in turnover. At that point, the EUR 200k trade would cost EUR 200 in commission (0.2% of EUR 100,000 excess). For buy-and-hold investors, the threshold is not a practical concern. For active traders rotating positions frequently at high volumes, it is.

The key constraint to understand: Investment Plans count toward the same EUR 100,000 monthly turnover cap as manual trades. If you are running plans AND making active trades in the same month, the combined turnover is what determines whether you stay inside the free tier. For a typical passive investor running one or two plans at EUR 200–500 per month, this is irrelevant — the contribution sizes are far too small to approach the cap.

The multi-currency account workaround

XTB supports multiple sub-accounts in EUR, USD, and GBP under a single login. The practical workaround for FX-sensitive investors is to hold a USD sub-account funded in USD and route US-listed trades through it. This eliminates the 0.5% conversion on each buy and sell. The trade-off: you take on USD/EUR exchange rate risk at the cash level, and any transfer between the sub-accounts during off-hours costs 0.8% rather than 0.5%.

Inactivity fee: EUR 10/month

XTB’s inactivity fee is conditional on both of the following being true simultaneously:

• No trading position opened or closed in the past 365 days
• No new deposit in the past 90 days

If you make a small deposit every 89 days, or place a single trade once a year, the fee does not apply. If your account balance reaches zero, it also stops. ISA accounts are exempt. This is a materially less aggressive inactivity policy than many brokers — the two-condition trigger prevents casual investors from being caught out for simply not trading during a quiet period.

Portfolio transfer out: EUR 25 per ISIN

If you decide to move your portfolio to another broker, XTB charges EUR 25 (or USD 25) per ISIN. For a portfolio holding 5 ETFs, that is EUR 125 total. For Spanish equities specifically, the fee is 0.10% of the asset value per ISIN with a minimum of EUR 100 — on a EUR 10,000 Spanish equity position, that is EUR 100. The practical implication: XTB is not the cheapest broker to exit if you hold a diversified multi-position portfolio. Plan for this cost before building a large position count.

This is one of XTB’s clearest jurisdiction differences. XTB International Limited (the entity serving most of Europe outside the UK) does not currently pay interest on uninvested cash balances. UK clients under the FCA-regulated entity get a different product set entirely.

XTB S.A. is publicly listed on the Warsaw Stock Exchange (ticker: XTB) since 2016. It is not a bank and holds no banking licence. Real stock and ETF assets (OMI) are held in segregated custody accounts, legally isolated from XTB’s corporate capital. XTB does not enter into securities lending arrangements with retail client assets.

XTB’s strongest case is for EUR-account investors buying EUR-denominated UCITS ETFs: zero commission, zero FX cost, and a functional savings plan with no subscription fee. Where it lags: the 0.5% FX markup is higher than IBKR and Trading 212 for investors buying USD-listed instruments, and the absence of EU cash interest makes it inferior to Trade Republic and Scalable Capital for investors holding cash tactically.