1st Contact vs XTB

Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.

These are different service types — a money-transfer service, bank or stockbroker isn’t a like-for-like alternative to a forex/CFD broker. Compare with that in mind.

Safer pick XTB leads on safety — winning 3 of 4 trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.

1 1st Contact Money transfer

33/100 risk

🇬🇧 United Kingdom

Read review →

X XTB Forex

20/100 risk

🇬🇧 United Kingdom

Read review →

Safety & Trust

Scam-risk scoreⓘ lower = safer

33

✓20

Verdict

Guarded

Low risk

Regulatedⓘ

Yes

Yes

Licenses

2

✓4

Tier-1 regulatorsⓘ

1

✓2

Trustpilot score

—

3.6

Reviews collected

—

2805

Exit riskⓘ lower = safer

—

Guarded

Known clonesⓘ

✓0

4

Regulator warnings

0

0

Cost & Accounts

Min deposit lower = easier to start

—

—

Max leverage

—

—

Min spread (best acct)

—

—

Commission

—

—

Cost grade

—

—

Account types

0

0

Best for

Suits

Expatriates moving money between the UK, Australia, and South Africa, Individuals seeking tax and accounting support for UK relocation, Users who prefer a simple money transfer service over a trading platform

Novice investors looking for a fee-free stock trading app, Traders comfortable with digital verification and UK regulation

Not for

Retail forex or CFD traders looking for leverage and multiple instruments, Traders requiring advanced charting tools or algorithmic trading, Users seeking UK FCA-regulated brokers

Traders requiring reliable quick withdrawals, Non-UK residents or freelancers who may face KYC hurdles, Those who need responsive customer support

Products & Funding

Instruments

—

—

Deposit methods

—

—

Withdrawal

—

—

Execution

Speed

—

—

Slippage

—

—

Swap cost

—

—

Company

Founded

2018-12-29

2017-12-20

Headquarters

🇬🇧 United Kingdom

🇬🇧 United Kingdom

Employees

0

0

✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.

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