The new feature will enable users to follow top investors and view their portfolios.
This is another step in implementing the fintech's roadmap for 2024.
Continuing
with the roadmap announced at the beginning of 2024, XTB is introducing another
new service to its offering, this time based on social trading. As part of the XTB Social product, users can follow the most successful
investors, review their own statistics and portfolio composition, and receive
personalized notifications about transactions.
In a conversation with Finance Magnates, XTB admitted that it was looking for a solution that would "meet expectations in the context of social features" and, at the same time, "allow users to follow other people's investments."
XTB Launches Social
Trading Feature, Enabling Investors to Follow Top Performers
Now, the
investment app has been enriched with social features allowing customers to follow the best investors, check their investment statistics, and share
user profiles with friends. The company also promised to introduce bond trading
this year.
"Social
aims to fill a gap that we perceive in the financial market," Omar
Arnaout, the CEO of XTB, emphasized the growing popularity of user
engagement-based social features.
XTB Social enables users to follow top investors and friends investing with
the broker, providing insights into their portfolio composition, transaction
history, and investment statistics. At present, the new service will only be available in Poland, with plans to expand to other markets soon.
The leaderboard ranking is based on an
algorithm that considers portfolio profitability relative to risk and
other criteria, such as diversification, concentration, and risk levels. The
service further allows users to receive notifications about transactions made by
the investors they follow.
"Social
is a service that will help our clients develop their own investment
strategies," added Arnaout.
Finance
Magnates spoke with
XTB representatives about the details of the new offering. As the press
spokesman admitted, XTB Social will have nothing to do with copy trading, and
there are currently no plans for the service to evolve in that direction.
"When
we tested Social before its launch, it turned out that users were most eager to
follow their own statistics as well as the results and transactions of their
friends," XTB explained. This means that beta testers preferred to focus
on the results of friends and personal acquaintances rather than more
experienced investors.
XTB has
long "resisted" introducing social trading, unlike its competitors.
However, as it explains, it wanted to create a solution based on "original
ideas and its own technology." Furthermore, the fintech promises that XTB Social will be a completely different service from the
social trading tools offered by, for example, eToro, the leader in this branch
of retail trading.
"We
focus exclusively on the social aspect," the XTB spokesman summarized in a
conversation with Finance Magnates.
Back in
January, XTB released preliminary financial results for 2023, which the company
confirmed this week. The report highlighted a surge of 51% in the number of active
clients to 311,971 and a net profit of PLN 791.3 million.
Continuing
with the roadmap announced at the beginning of 2024, XTB is introducing another
new service to its offering, this time based on social trading. As part of the XTB Social product, users can follow the most successful
investors, review their own statistics and portfolio composition, and receive
personalized notifications about transactions.
In a conversation with Finance Magnates, XTB admitted that it was looking for a solution that would "meet expectations in the context of social features" and, at the same time, "allow users to follow other people's investments."
XTB Launches Social
Trading Feature, Enabling Investors to Follow Top Performers
Now, the
investment app has been enriched with social features allowing customers to follow the best investors, check their investment statistics, and share
user profiles with friends. The company also promised to introduce bond trading
this year.
"Social
aims to fill a gap that we perceive in the financial market," Omar
Arnaout, the CEO of XTB, emphasized the growing popularity of user
engagement-based social features.
XTB Social enables users to follow top investors and friends investing with
the broker, providing insights into their portfolio composition, transaction
history, and investment statistics. At present, the new service will only be available in Poland, with plans to expand to other markets soon.
The leaderboard ranking is based on an
algorithm that considers portfolio profitability relative to risk and
other criteria, such as diversification, concentration, and risk levels. The
service further allows users to receive notifications about transactions made by
the investors they follow.
"Social
is a service that will help our clients develop their own investment
strategies," added Arnaout.
Finance
Magnates spoke with
XTB representatives about the details of the new offering. As the press
spokesman admitted, XTB Social will have nothing to do with copy trading, and
there are currently no plans for the service to evolve in that direction.
"When
we tested Social before its launch, it turned out that users were most eager to
follow their own statistics as well as the results and transactions of their
friends," XTB explained. This means that beta testers preferred to focus
on the results of friends and personal acquaintances rather than more
experienced investors.
XTB has
long "resisted" introducing social trading, unlike its competitors.
However, as it explains, it wanted to create a solution based on "original
ideas and its own technology." Furthermore, the fintech promises that XTB Social will be a completely different service from the
social trading tools offered by, for example, eToro, the leader in this branch
of retail trading.
"We
focus exclusively on the social aspect," the XTB spokesman summarized in a
conversation with Finance Magnates.
Back in
January, XTB released preliminary financial results for 2023, which the company
confirmed this week. The report highlighted a surge of 51% in the number of active
clients to 311,971 and a net profit of PLN 791.3 million.
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.
Finalto Unveils Guidelines for Retail Brokers: "Compliance Is a Culture of Responsibility"
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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