Interactive Brokers
Global BrokerAccepts Panama
9.1
Excellent
- Min. deposit
- $0
- EUR/USD spread
- 0.1 pip
- Regulation
- SEC, FINRA
- Real stocks
- MetaTrader
- Spanish support
Stocks + ForexAccepts Panama residents
XTB in Panama: 2026 review
Stock-listed, EU-regulated, real stocks and ETFs from $0
Verified Apr 28, 2026· source: official broker site
Revisa24 score
8.2/10
Very Good
Minimum deposit
$0
EUR/USD spread
0.8 pip
In short
8.2
The only broker listed on the Warsaw Stock Exchange, full transparency. 0% commission on real stocks and ETFs up to €100,000/month. ETF savings plan available.
Key facts
Conditions published by the broker, checked on its official site.
| Fact | Value |
|---|---|
| Regulation | FCAKNF (Polonia)CySECCNMV |
| Headquarters | Varsovia, Polonia |
| Founded | 2002 |
| Minimum deposit | $0 |
| EUR/USD spread | 0.8 pip EUR/USD |
| Leverage | 1:30 |
| Fees from | Sin comisión hasta €100k/mes |
| Real shares | Yes |
| Platforms | xStation 5 Web, xStation 5 App (iOS/Android) |
| Products | Real stocks (3,000+), Real ETFs (250+), Forex (57 pairs), Index CFDs, Commodities, Crypto CFDs |
| Official site | www.xtb.com |
- Regulation
- Value
- FCAKNF (Polonia)CySECCNMV
- Headquarters
- Value
- Varsovia, Polonia
- Founded
- Value
- 2002
- Minimum deposit
- Value
- $0
- EUR/USD spread
- Value
- 0.8 pip EUR/USD
- Leverage
- Value
- 1:30
- Fees from
- Value
- Sin comisión hasta €100k/mes
- Real shares
- Value
- Yes
- Platforms
- Value
- xStation 5 Web, xStation 5 App (iOS/Android)
- Products
- Value
- Real stocks (3,000+), Real ETFs (250+), Forex (57 pairs), Index CFDs, Commodities, Crypto CFDs
- Official site
- Value
- www.xtb.com
Verified Apr 28, 2026· source: official broker site
Pros
- REAL stocks and ETFs, not CFDs, up to €100k/month with no commission
- Stock-listed broker, maximum regulation and transparency
- ETF savings plan: invest automatically every month
- xStation 5 platform: intuitive and powerful
- Zero minimum deposit
- Economic fundamentals built into the app
Cons
- 0.5% commission on real stocks exceeding €100k/month
- 0.8 pip forex spread, doesn't compete with specialized ECN brokers
- No MetaTrader (xStation proprietary only)
- Panama availability through non-European entity, verify conditions
Who it is for
- Best for
- Long-term investors wanting real stocks + forex traders in the same account
- Not recommended if
- High-volume forex traders, spreads are not the tightest in the market
Risk warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This is not investment advice.
Ready to open an account at XTB?
You open the account on the broker's official site. Before depositing, check which regulatory entity your account is opened under: the compensation fund depends on it.
Alternatives worth a look
The three highest-scored brokers besides this one.
Capital.com
CFD & InvestingAccepts Panama
8.6
Excellent
- Min. deposit
- $20
- EUR/USD spread
- 0.6 pip
- Regulation
- FCA, CySEC
- Real stocks
- MetaTrader
- Spanish support
eToro
Social TradingAccepts Panama
8.3
Very Good
- Min. deposit
- $50
- EUR/USD spread
- 1.0 pip
- Regulation
- FCA, CySEC
- Real stocks
- MetaTrader
- Spanish support
Frequently asked questions about XTB
Is it safe to trade with XTB from Panama?
XTB is regulated by FCA, KNF (Polonia), CySEC, CNMV and keeps client funds in segregated accounts. Whether a compensation fund applies depends on the entity your account is opened under (FSCS for FCA, ICF for CySEC, SIPC for US entities).
What is the minimum deposit at XTB?
The minimum deposit at XTB is $0.
Does XTB offer real shares?
Yes. XTB lets you buy real shares and ETFs, so you own the asset and receive dividends.
Do I pay tax in Panama on profits with XTB?
Not on foreign-source gains: Panama's territorial system (Art. 694 of the Fiscal Code) leaves income earned on foreign markets outside ISR. US dividends still carry 30% US withholding at source. Ask a tax adviser about your case.