XTB's clients in Romania are older than its customer base as a whole, according to figures the Polish broker has released this year. About one in five of its Romanian users is aged 18 to 30, XTB analyst Radu Puiu said last Thursday at a capital markets conference in Bucharest.
Across all of XTB's markets, 18- to 24-year-olds alone made up 17.4% of active clients in the first half of 2026, up from 15.3% a year earlier. Clients under 35 accounted for just over half, according to XTB's half-year report.
The age mix shapes what the broker sells. Investment products such as shares and ETFs accounted for 82.9% of first trades by new EU clients in the first half, while CFDs still generated about 96% of XTB's gross result from financial instruments.
Fewer Under-30s Than the Group
Puiu put the 30-to-45 age group at 46% of XTB users in Romania. In April, XTB's Romanian unit published a similar split: 26% aged 18 to 30, 49% aged 31 to 45, 20% aged 46 to 60 and 4% over 60.
The brackets do not line up exactly with the half-year report, which counts active clients in ten-year bands. Across all markets, people aged 45 to 64 made up 20% of active clients and those 65 and over 1.5%.
Puiu's estimate for the under-30s, about 20%, is lower than the 26% XTB gave in April. Neither figure came with a client count.
Romania also stands out on gender. Women made up 21.7% of XTB's Romanian investors in 2025, the highest share among its European markets, ahead of Slovakia at 18.9% and Poland at 18.6%, XTB said in March.
Deposits Rose During the Iran Shock
Puiu also gave figures for the period from February to March 9, when the conflict involving Iran unsettled markets. The average number of active investors in Romania rose 12.3%, deposits 13% and net deposits 12.2%, he said, without naming the comparison period.
"We did not see massive capital withdrawals," Puiu said, adding that nearly all of the value traded in that period came from experienced investors.
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Those figures cover international markets only. Puiu said XTB does not offer shares listed on the Bucharest Stock Exchange (BVB) to its Romanian clients. Rivals do: NAGA added direct access in March 2025, and Interactive Brokers opened Romanian equities to eligible clients this summer.
Local Broker Accounts Up Ninefold Since 2019
The number of active accounts at Romanian-licensed investment firms rose to 148,491 in March 2026 from 15,726 in March 2019, Alexandru Petrescu, president of the Financial Supervisory Authority (ASF), said in July.
That count does not include XTB. The broker serves Romanian clients through a branch of its Polish parent, entered in the ASF register of EU investment firm branches since 2008.
Romanian savers will soon have another route into markets. The Chamber of Deputies on Wednesday adopted a law creating savings and investment accounts, under which income is taxed only once, and sent it to the president for promulgation.
Sebastian Burduja, a deputy and one of the bill's initiators, said banks and authorized brokers would offer the accounts and that they could be in operation from January 2027. The ASF will draft the secondary rules next.
XTB already sells tax-advantaged accounts in two other markets, IKE retirement accounts in Poland and ISAs in the UK.
