The fintech secures a securities agent license in Chile, marking its first regulatory approval in LATAM.
The move comes two months after obtaining licenses in Indonesia and UAE.
XTB obtained regulatory approval in Latin America
XTB, the
Warsaw-listed financial technology company (GPW: XTB), has obtained a
securities agent license from Chile's Financial Market Commission (CMF), continuing
its expansion plan in Latin America.
XTB Secures Chilean
Securities License in Latin American Push
The license
approval enables XTB to offer Chilean investors access to international stocks,
ETFs, and derivatives through its digital trading platform. The company expects
to begin onboarding its first Chilean clients within the first half of 2025.
Omar Arnaout, CEO of XTB, Source: LinkedIn
“As we
consider the retail brokerage market beyond Europe, we recognize the immense
potential in Latin America,” said Omar Arnaout, the CEO of XTB, in a statement
emailed to Finance Magnates. “Chile stands out as a key player in XTB’s
global growth vision, and I eagerly anticipate welcoming many new clients who
will be onboarded under our new license. This development will be crucial in
enhancing our competitive position in the region.”
The move
comes as XTB, which currently serves over 1.36 million customers globally,
seeks to strengthen its foothold beyond its European core markets. The company
is simultaneously pursuing regulatory approvals in Brazil, signaling its
commitment to the Latin American region.
In an
exclusive interview with Finance Magnates, Arnaout
admitted that what matters most to him is building a customer base, and
geographic diversification will certainly help achieve that. The fintech's
goals were confirmed by the latest 2024 report, which showed that the company
managed to acquire around 500,000 traders, marking
a 60% increase compared to the previous year.
XTB's
Chilean clients will gain access to more than 6,300 financial instruments
through the company's mobile app and online platform, which includes features
for both active trading and passive investment strategies.
From Europe to Other
Continents
Discussions
about XTB
targeting Latin America date back to 2017 when the fintech first
established a local subsidiary in the region. Obtaining a new license will
enable the company to offer a much broader range of financial services and
instruments.
Recently,
XTB has been strongly focusing on geographic diversification. At the end of
last year, the company announced that it
had simultaneously received regulatory approval to operate in Indonesia,
which is expected to serve as a gateway to Asian markets, and in the United
Arab Emirates (UAE), opening the firm to traders in the Middle East.
“This
license brings us significantly closer to launching our operations in
Indonesia,” commented Arnaout.
Founded in
Poland in 2004, XTB has grown to employ over 1,100 people across multiple
jurisdictions, including the UK, Germany, and Dubai. The company operates under
the oversight of major financial regulators, including the UK's Financial
Conduct Authority and the Polish Financial Supervision Authority.
XTB, the
Warsaw-listed financial technology company (GPW: XTB), has obtained a
securities agent license from Chile's Financial Market Commission (CMF), continuing
its expansion plan in Latin America.
XTB Secures Chilean
Securities License in Latin American Push
The license
approval enables XTB to offer Chilean investors access to international stocks,
ETFs, and derivatives through its digital trading platform. The company expects
to begin onboarding its first Chilean clients within the first half of 2025.
Omar Arnaout, CEO of XTB, Source: LinkedIn
“As we
consider the retail brokerage market beyond Europe, we recognize the immense
potential in Latin America,” said Omar Arnaout, the CEO of XTB, in a statement
emailed to Finance Magnates. “Chile stands out as a key player in XTB’s
global growth vision, and I eagerly anticipate welcoming many new clients who
will be onboarded under our new license. This development will be crucial in
enhancing our competitive position in the region.”
The move
comes as XTB, which currently serves over 1.36 million customers globally,
seeks to strengthen its foothold beyond its European core markets. The company
is simultaneously pursuing regulatory approvals in Brazil, signaling its
commitment to the Latin American region.
In an
exclusive interview with Finance Magnates, Arnaout
admitted that what matters most to him is building a customer base, and
geographic diversification will certainly help achieve that. The fintech's
goals were confirmed by the latest 2024 report, which showed that the company
managed to acquire around 500,000 traders, marking
a 60% increase compared to the previous year.
XTB's
Chilean clients will gain access to more than 6,300 financial instruments
through the company's mobile app and online platform, which includes features
for both active trading and passive investment strategies.
From Europe to Other
Continents
Discussions
about XTB
targeting Latin America date back to 2017 when the fintech first
established a local subsidiary in the region. Obtaining a new license will
enable the company to offer a much broader range of financial services and
instruments.
Recently,
XTB has been strongly focusing on geographic diversification. At the end of
last year, the company announced that it
had simultaneously received regulatory approval to operate in Indonesia,
which is expected to serve as a gateway to Asian markets, and in the United
Arab Emirates (UAE), opening the firm to traders in the Middle East.
“This
license brings us significantly closer to launching our operations in
Indonesia,” commented Arnaout.
Founded in
Poland in 2004, XTB has grown to employ over 1,100 people across multiple
jurisdictions, including the UK, Germany, and Dubai. The company operates under
the oversight of major financial regulators, including the UK's Financial
Conduct Authority and the Polish Financial Supervision Authority.
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.
Retail Trading & Prop Firms in 2025: Five Defining Trends - And One Prediction for 2026
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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
