XTB has extended its options offering to France, Portugal, the Czech Republic and Slovakia, less than two months after launching the product in Germany and Spain, even as customers in its home market of Poland remain locked out pending regulatory approval.

The Warsaw-listed broker now offers American-style options on 110 U.S.-listed stocks and exchange-traded funds across seven European markets, the firm said yesterday (Monday). Cyprus, Germany and Spain went live earlier this year, with the four new countries added in the latest wave.

Four Markets Added After XTB’s April Push Into Germany and Spain

The latest rollout follows through on a commitment from XTB CEO Omar Arnaout, who said in April that the broker would "continue expanding options to additional European markets in the coming months" after the Germany and Spain launch sent the company's shares to record territory.

The Cyprus debut in January was a first run under CySEC supervision with a limited product set.

XTB said the options product is paired with TradingView-powered charts on its xStation platform, giving traders configurable charts, indicators and order placement directly from the chart interface. The web version of TradingView is only switched on in markets where options have launched, the company said.

The contract design mirrors the earlier rollouts. Clients can buy options, including same-day-expiry contracts on select underlyings, but cannot write them. The buy-only structure caps revenue but limits downside risk for retail traders who may be new to derivatives.

France Becomes the Most Notable Addition

Of the four new markets, France stands out. XTB has been pouring marketing money into the country since launching tax-advantaged PEA accounts there in April 2025, targeting more than 7 million existing French long-term investment accounts in a market where fewer than 30,000 retail clients actively trade CFDs.

The push has accelerated this year. XTB's French client base grew 50% year-over-year by the end of 2025, and in March the firm signed a sponsorship deal with Paris La Défense Arena, its biggest brand spend in the country to date.

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Options give the broker another product to market into that audience alongside stocks, ETFs and the PEA wrapper.

The Czech Republic, Slovakia and Portugal are core legacy markets where XTB has piloted most of its non-CFD product launches over the past three years, including fractional shares, ETF investment plans and a multi-currency mobile wallet.

Rivals Race to Lock In European Retail Options Demand

XTB is moving into a segment already crowded with larger and longer-established players.

Interactive Brokers and Saxo Bank have offered full options books to European clients for years, while IG Group last year opened a UK waiting list for options under its tastytrade brand and more recently extended vanilla options to Japanese corporate accounts.

U.S. platforms like Robinhood and tastytrade continue to set the retail benchmark.

Beyond options, German neobroker Trade Republic, which entered Poland in late 2025, has built its European challenge around bonds, ETFs and private equity access for retail rather than derivatives, while Robinhood has pushed venture funds and crypto products on the continent.

Poland Still Waiting as Home Market Lags Rollout

Polish clients, who account for the largest share of XTB's customer base, still cannot trade options. The company is waiting for sign-off from Poland's financial regulator, KNF, before adding the product domestically.

Board member Filip Kaczmarzyk first flagged the buy-only design in October 2025 as a deliberate first step the broker would expand over time.

XTB's plans for spot cryptocurrency trading in Poland remain similarly stuck, contingent on pending MiCA-related legislation in the country.

Options Push Lands After Record First Quarter

The expansion comes as XTB rides a run of unusually strong results. The broker reported Q1 2026 net profit of PLN 535 million, up 176% year-over-year, on operating income of PLN 1.09 billion.

The company crossed 1 million Polish accounts earlier this month and launched a PLN 10.66 million share buyback.

XTB shares were trading near PLN 110 on Monday, shy below the all-time highs reached in early April when the Germany and Spain launch was first announced.