Profile
X Open Hub is a fintech and trading technology provider offering multi-asset liquidity and white-label solutions to brokers, banks, and hedge funds. Based in London and Warsaw, the firm is part of the XTB Group and operates under the European regulatory framework. This X Open Hub review evaluates its regulation, execution model, platforms, asset classes, and institutional trading services.
Regulation and Security
X Open Hub operates under XTB S.A., which is authorised and regulated by the Polish Financial Supervision Authority (KNF) under licence number KPWiG-4021-54-1/2005. As an EU-regulated firm, it complies with MiFID II, ensuring:
- Client fund segregation
- Negative balance protection
- Best execution policies
- Periodic compliance audits
These protections make X Open Hub a secure choice for institutions seeking regulated liquidity and trading infrastructure across Europe and internationally.
Execution Model
X Open Hub provides pure STP/DMA execution across all asset classes. Orders are routed directly to liquidity providers or exchanges, with no dealing desk intervention or internalisation. This model is designed to eliminate conflicts of interest and provide:
- Tight institutional-grade spreads
- Fast execution with low latency
- Transparent depth-of-market data
X Open Hub aggregates quotes from multiple Tier 1 LPs and banks, offering multi-bank liquidity and customised routing logic for institutional clients.
Trading Platforms
X Open Hub offers its own proprietary platform suite:
- xStation – A multi-asset trading platform supporting web, desktop, and mobile with built-in charting, sentiment tools, and order management
- xAPI – A scalable trading API for backend integration and automation
While MetaTrader platforms are not provided directly, X Open Hub’s infrastructure can integrate with MT4/MT5 via bridge or white-label technology.
Supported Markets
X Open Hub provides institutional access to 5,000+ instruments, including:
- Forex – 70+ currency pairs, including majors, minors, and exotics
- Indices – Global cash and futures indices (e.g., DAX, S&P 500, FTSE 100)
- Equities – Real stocks and CFDs on 2,000+ companies across US, UK, EU
- ETFs – CFD and spot access to exchange-traded funds
- Cryptocurrencies – Major crypto pairs (e.g., BTC/USD, ETH/USD)
- Commodities – Precious metals, energy, and softs
Full multi-asset coverage is available for both leveraged CFD trading and direct exchange trading (where applicable).
Account Types and Conditions
As a B2B trading infrastructure provider, X Open Hub does not offer standard retail trading accounts. Instead, it delivers tailored solutions for:
- Forex brokers and fintechs
- Multi-asset hedge funds
- Regional banks and payment institutions
- Asset managers and wealth platforms
Commercial terms are customised, including:
- Liquidity spreads and commission models
- Collateral and margin structures
- Volume-based pricing and rebate tiers
Retail and Institutional Features
X Open Hub is exclusively institutional and provides infrastructure-level services, including:
- FIX 4.4 API access and back-office integration
- Risk management dashboards and admin portals
- Multi-asset data feeds and quote aggregation
- White-label trading platforms with brand customisation
Retail traders cannot open accounts directly but may access X Open Hub’s technology via brokers using their infrastructure.
Client Protection and Transparency
As a regulated EU liquidity provider, X Open Hub ensures:
- Full transaction audit trail under MiFID II
- Transparent post-trade reporting
- Client fund segregation in Tier 1 European banks
- Best execution monitoring across venues
All onboarding clients undergo KYC and AML checks, with ongoing monitoring for regulatory compliance.
Base Currencies, Order Types, and API Access
Supported base currencies include USD, EUR, GBP, PLN, and others on request. Order types include:
- Market, limit, stop, stop-limit
- Trailing stop, OCO, and IOC
X Open Hub offers advanced API access via:
- FIX 4.4 API – For institutional trading and order management
- xAPI – RESTful API for platforms and fintech applications
Pros and Cons
- Pros:
- EU regulation under KNF and MiFID II
- DMA/STP execution with no dealing desk
- Access to 5,000+ global instruments
- FIX API and white-label support
- Robust xStation platform and analytics tools
- Cons:
- Not available to retail traders directly
- No MT4/MT5 platform unless via external bridge
- Requires technical integration and onboarding for access
Frequently Asked Questions
Is X Open Hub regulated?
Yes. X Open Hub operates under XTB S.A., which is regulated by the Polish Financial Supervision Authority (KNF) and compliant with MiFID II.
Can retail traders use X Open Hub?
No. X Open Hub is an institutional liquidity provider and technology vendor. Retail traders can access its services only through partner brokers.
What trading platforms does X Open Hub offer?
X Open Hub provides the xStation multi-asset trading platform and institutional APIs (FIX 4.4 and xAPI). MT4/MT5 are available via integration partners.
What instruments can I trade via X Open Hub?
Clients can access forex, indices, stocks, ETFs, commodities, and cryptocurrencies – over 5,000 assets in total.
Does X Open Hub support FIX API?
Yes. X Open Hub offers full FIX 4.4 API access for trading, account management, and reporting.