Two brokers compete on regulation, platforms, and cost across markets. The matchup reveals how a global, regulated model compares with a domestically focused option.
XTB clearly leads on the overall editorial score due to stronger regulation and platform tools. TPFx remains a compliant local option but trails on breadth and protections.
Find out which broker best suits your trader profile.
Choose TPFx if…
Choose TPFx if you trade from Indonesia and value local regulatory compliance. You can fund with IDR bank transfers and access MT5 alongside the proprietary platform.
Choose XTB if…
Choose XTB if you want a broad instrument universe and strong multi jurisdiction regulation. You benefit from investor protections, negative balance protection, and a leading proprietary platform.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
XTB offers tighter spreads from 0.80 pips vs 1.50 pips for TPFx, reducing trading costs.
| Editorial score | 3.7/ 5 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.8 / 5▲ |
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | TPFx | XTB |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Pass |
XTB rates 4.5/5 versus 3.7/5 for TPFx. XTB edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
XTB starts from 0.8 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
XTB has no minimum deposit, while TPFx requires at least $60. This makes XTB more accessible for traders with limited starting capital.
XTB holds top-tier regulation (FCA, CySEC, KNF), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
XTB stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
TPFx lists maximum leverage of 100:1, while XTB lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
TPFx supports MetaTrader 5, Proprietary Web/Mobile, while XTB supports xStation 5, MetaTrader 4. TPFx has exclusive access to MetaTrader 5 and Proprietary Web/Mobile. XTB has exclusive access to xStation 5 and MetaTrader 4.
XTB wins for safety & regulation with FCA, CySEC, KNF oversight and investor protection schemes.
XTB is better for active traders due to broad instrument access and advanced charting.
TPFx is better suited for scalpers: raw/ECN spreads available.
XTB wins for platform choice with xStation 5 and MT4/MT5 support.
XTB wins for instrument variety with far more tradable assets.
Fees & Spreads 30% weight | 3.7 / 5 | 4.4 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 4.8 / 5▲ |
|---|
Customer Support 10% weight | 3.7 / 5 | 4.2 / 5▲ |
|---|
| Founded | 2010 | 2002 |
|---|
| Headquarters | Jakarta, Indonesia | Warsaw, Poland |
|---|
| Min Deposit | $60 | No minimum▼ lower |
|---|
| Spreads From | 1.5 pips | 0.8 pips▼ lower |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 100:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | €10/month (after 12 months) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transfer | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | BAPPEBTI OJK | FCA CySEC KNF |
|---|
| Platforms | MetaTrader 5 Proprietary Web/Mobile | xStation 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Pros
LSE- and WSE-listed with FCA, CySEC, and KNF regulation, exceptional corporate transparency
xStation 5 is one of the best proprietary platforms in retail forex
Zero-commission stock CFDs up to EUR 100,000/month
No minimum deposit on standard accounts
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Cons
Market maker on forex, not appropriate for raw ECN scalpers
Product breadth narrower than IG or Saxo
Support quality varies outside European hours
No raw spread account option
Inactivity fee applies
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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