The 22% decline from May highs contrasts sharply with sector peers, including Plus500, which posted gains on strong trading updates.
Omar Arnaout, CEO of XTB
XTB shares
dropped 3.8% during Monday's trading session on the Warsaw Stock Exchange (WSE:
XTB), hitting their lowest levels since April as the Polish online brokerage
extended its losing streak to five consecutive sessions.
XTB Extends Decline to
Five Sessions on Technical Break
The stock
fell below its 200-day exponential moving average of 64 zloty, a key technical
indicator that traders watch closely. XTB hasn't spent much time below this
level in recent years, with the last extended period occurring between August
and October 2023.
From this
year's May highs near 92 zloty, XTB shares have now declined roughly 22%,
breaking through two important support levels at 78 zloty and 73 zloty that
were established by local lows in June.
XTB share price today. Source: Tradingview.com
The selloff
appears isolated to XTB rather than reflecting broader sector weakness. Other
publicly traded CFD brokers posted gains Monday, with Plus500 rising 1.8% to
333.4 pence after releasing a trading update for the first half of 2025. CMC
Markets climbed 1.2% to 252 pence.
No clear
catalyst explains XTB's recent decline. The company hasn't released any new
reports, with its next earnings update scheduled for August covering
second-quarter and first-half 2025 results. Online discussions among retail
investors mention institutional capital flows, but no concrete developments
have emerged.
Analyst
coverage remains sparse, with the most recent recommendation coming from Polish
Nobel Securities on February 11, 2025, setting a target price of 70 zloty.
mBank took a more pessimistic view in late January, recommending a sell rating
with a target price just under 69 zloty.
The decline
comes despite XTB's continued product expansion efforts. FinanceMagnates.com
reported last week that the firm added IKZE retirement investment accounts to
its Polish offering. In mid-June, XTB increased the number of supported
cryptocurrencies in its e-wallet to 19, positioning itself to compete with
Revolut.
“We are entering a period that will be the first serious test for eWallet,” said Omar Arnaout, XTB's CEO. “The vacation time and foreign travel is a moment when our users will certainly use this solution more intensively.”
XTB
currently trades at 72.24 zloty, with a market capitalization of approximately
8.58 billion zloty. The stock has gained 86% in the past year but remains down
7.47% over the past week.
XTB shares
dropped 3.8% during Monday's trading session on the Warsaw Stock Exchange (WSE:
XTB), hitting their lowest levels since April as the Polish online brokerage
extended its losing streak to five consecutive sessions.
XTB Extends Decline to
Five Sessions on Technical Break
The stock
fell below its 200-day exponential moving average of 64 zloty, a key technical
indicator that traders watch closely. XTB hasn't spent much time below this
level in recent years, with the last extended period occurring between August
and October 2023.
From this
year's May highs near 92 zloty, XTB shares have now declined roughly 22%,
breaking through two important support levels at 78 zloty and 73 zloty that
were established by local lows in June.
XTB share price today. Source: Tradingview.com
The selloff
appears isolated to XTB rather than reflecting broader sector weakness. Other
publicly traded CFD brokers posted gains Monday, with Plus500 rising 1.8% to
333.4 pence after releasing a trading update for the first half of 2025. CMC
Markets climbed 1.2% to 252 pence.
No clear
catalyst explains XTB's recent decline. The company hasn't released any new
reports, with its next earnings update scheduled for August covering
second-quarter and first-half 2025 results. Online discussions among retail
investors mention institutional capital flows, but no concrete developments
have emerged.
Analyst
coverage remains sparse, with the most recent recommendation coming from Polish
Nobel Securities on February 11, 2025, setting a target price of 70 zloty.
mBank took a more pessimistic view in late January, recommending a sell rating
with a target price just under 69 zloty.
The decline
comes despite XTB's continued product expansion efforts. FinanceMagnates.com
reported last week that the firm added IKZE retirement investment accounts to
its Polish offering. In mid-June, XTB increased the number of supported
cryptocurrencies in its e-wallet to 19, positioning itself to compete with
Revolut.
“We are entering a period that will be the first serious test for eWallet,” said Omar Arnaout, XTB's CEO. “The vacation time and foreign travel is a moment when our users will certainly use this solution more intensively.”
XTB
currently trades at 72.24 zloty, with a market capitalization of approximately
8.58 billion zloty. The stock has gained 86% in the past year but remains down
7.47% over the past week.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
