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Brokers
XTB Opens New Dubai Office
2025-03-24T08:13:15.521+02:00
The broker holds two licences in the country, one from the SCA and the other from the DFSA.
It recently renewed its DFSA licence.
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Retail FX
XTB Broker Platform Keeps 0.5% Fee, Multi-Currency Cards Offer Commission-Free
2025-03-21T14:55:24.420+02:00
The new multi-currency cards support seven currencies, including PLN, EUR, GBP and USD.
Virtual cards are available instantly via the XTB app and can be added to Google Pay and Apple Pay.
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Analysis
Exclusive: CFD Industry Surpasses 5M Accounts
2025-02-21T11:24:35.611+02:00
The primary driver of this growth has been emerging markets, particularly in Asia.
XTB ranked first among brokers in Q4 2024, with 555,000 active accounts.
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Brokers
After Asia and Middle East, XTB Receives Regulatory Approval in Latin America
2025-02-20T15:14:27.517+02:00
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.
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Retail FX
XTB Reports 15% Revenue Jump, New Clients Increase Nearly 60%
2025-01-30T19:37:32.956+02:00
Net profit expanded 8.6% year-over-year, totaling PLN 859.4 million.
The company now forecasts a 40% increase in total expenses for 2025, with marketing expenses expected to rise by 80%.
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Brokers
Exclusive: XTB Plans to Launch Spot Cryptocurrencies, Seeking Head of Digital Assets
2025-01-28T11:25:27.302+02:00
XTB is looking for someone to "build a complete technical setup for cryptocurrency trading."
The company's Head of Trading, Kaczmarzyk, confirmed to Finance Magnates that spot crypto trading is under review.
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Executives
XTB Names Legal Expert Aleksander Chłopecki as Supervisory Board Chair
2025-01-15T15:16:22.477+02:00
Chłopecki is a professor at the University of Warsaw specializing in commercial law.
His appointment followed the departure of Jan Byrski, who stepped down on January 15.
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Interviews
From Warsaw's Skyliner, XTB's CEO Eyes Super App as 80% of New Clients Pick Stocks, ETFs
2025-01-07T15:41:00.000+02:00
Finance Magnates spent the entire day at XTB's headquarters, speaking with Omar Arnaout and employees.
The CEO claims the fintech still needs 5–6 more products to truly become an all-in-one financial app.
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Retail FX
XTB Announces Jan Byrski Stepping Down as Supervisory Board Chairman
2025-01-02T17:30:08.483+02:00
Byrski resigns, effective January 15, 2025, citing personal reasons.
He is a member of working groups at the Ministry of Digital Affairs and the Polish Financial Supervision Authority.
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Brokers
XTB Gains Indonesian and UAE Regulatory Approval for Operations
2024-12-30T11:09:49.853+02:00
The company secures licenses in two new markets, demonstrating a major expansion into Asia and the Middle East.
It plans to launch operations in Indonesia by 2025 while strengthening its presence in the UAE with enhanced services.
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Brokers
XTB Steps into the Ring with Tyson Fury for Historic Rematch and 2025
2024-12-16T15:29:31.040+02:00
The partnership includes prominent brand placement during the December 21 fight and extends through next year.
“The last fight was a battle, but this rematch will be a war,” the popular boxing star commented.
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Brokers
Exclusive: XTB Launches Zero-Fee ISA, Targets The UK Market with 4.75% Cash Yield
2024-12-11T12:00:00.000+02:00
Ten months after the initial announcements, the fintech is entering the £400 billion industry.
In addition to the shares ISA, XTB is also offering retail traders the opportunity to earn on uninvested funds.
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Retail FX
XTB Advances AI Chat Feature amid Focus on Proprietary Technology
2024-12-06T11:38:45.585+02:00
Over 60% of XTB's global teams now utilize AI-based tools implemented in the past year.
In 2024, the firm introduced automated investment plans and a multi-currency virtual wallet.
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Executives
XTB Online Investing Names Theocharis Panayi as General Manager
2024-12-02T18:39:19.447+02:00
Panayi recently served as the Head of Compliance at Klips Official in Cyprus, a position he held for over two years.
He also worked previously as Head of Legal Compliance for TOPFX LTD in Limassol.
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Retail FX
XTB Reports 67% Revenue Growth in Q3, Net Profit Nearly Doubles
2024-10-30T22:04:39.210+02:00
The company's consolidated net profit for the third quarter was more than PLN 200 million.
Operating expenses for the quarter increased to PLN 208.5 million, reportedly due to higher salaries, marketing costs, and commissions.
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Brokers
Exclusive: XTB Launches Multi-Currency Card and Retirement Accounts
2024-10-02T06:00:00.000+02:00
Along with the new payment product, the Polish fintech is adding a mobile e-wallet.
The company continues its journey to transform from a CFD broker to an all-in-one financial app.
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Retail FX
OTC Derivatives vs ETPs: Which Is a Better Revenue Generator for CFDs Brokers?
2024-09-25T15:40:00.000+02:00
XTB highlights growing demand for exchange-traded instruments across CEE and MENA.
OTC derivatives business revenues climb at StoneX on the back of a significant increase in the number of contacts.
Growth in options and futures volumes contribute to commission revenue at Interactive Brokers.
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Brokers
Exclusive: Zlatan Ibrahimović Becomes Official Ambassador of XTB
2024-09-22T19:30:00.000+02:00
The fintech partners with football legend, coinciding with the company's 20th anniversary and logo refresh.
The partnership includes a multi-country media campaign, Finance Magnates has learned.
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Retail FX
XTB Establishes Sponsorships in UAE Boxing and Greek Economics Olympiad
2024-09-03T17:15:03.010+02:00
The firm has sponsored the Polish young economists' team at the Economics Olympiad.
Details of XTB's sponsorship agreements in both the UAE and Greece have not been disclosed.
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Brokers
XTB Rolls Out 2FA as Prelude to Virtual Wallet and Multi-Currency Card Premiere
2024-08-29T07:00:00.000+02:00
The service will launch in Poland and then enter the German market.
CEO Omar Arnaout also announced the acquisition of a new brand ambassador.
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Regulation
XTB Website Cloned by Scammers, The UK Financial Regulator Warns
2024-08-13T10:03:16.230+02:00
FCA issued a warning about the impersonation of XTB Limited in the UK.
Fraudsters' site looks nearly identical to the official page of the Polish fintech.
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Brokers
XTB Sees “Well-Oiled Machine” as H1 2024 Revenue Jumps to Record $938M
2024-08-05T08:21:35.805+02:00
However, the results for Q2 were significantly worse than those at the beginning of the year.
From April to June, the net profit dropped by nearly 50% to $40 million.
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Brokers
XTB Faces Spanish CFD Advertising Ban, Says Market Accounts for Only 10% of Revenue
2024-07-15T12:02:44.630+02:00
The Polish broker is adjusting its strategy following the CNMV's interpretative guidance on CFD advertising.
While it has no plans to leave the local market, it warns of potentially negative consequences.
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Retail FX
XTB Join Forces with VanEck to Promote ETF Investing in Spain
2024-05-24T13:39:34.065+02:00
Both companies will facilitate indexed investment through ETF trading plans.
In addition, they aim to boost the culture of saving in Spain, which is lagging behind its EU peers.
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Retail FX
XTB Acquires ISA License in The UK, New Products Planned for Autumn
2024-05-01T11:48:22.357+02:00
The fintech can now offer new services in the £400 billion market.
According to the UK branch president, the first ISAs will be seen this year.
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