- Business
- XTB S.A. (XTB.WA) operates as a global brokerage firm providing online trading and investment platforms, primarily focused on foreign exchange, contracts for difference (CFDs), and cash instruments including real stocks and exchange-traded funds (ETFs). Founded in 2002 and headquartered in Warsaw, Poland, the company offers over 5,800 CFDs on currency pairs, commodities, indices, cryptocurrencies, shares from 16 countries, and U.S./European ETFs; approximately 3,600 cash equities and ETFs from European markets with fractional share trading; proprietary xStation platforms for web, mobile, and desktop; institutional solutions via X Open Hub including liquidity and technology provision; investment plans, auto-investing features, interest on uninvested funds, and retirement products such as IKE/IKZE accounts in Poland and ISA accounts in the UK; and educational resources through Trading Academy. XTB serves retail traders, long-term investors, and institutional clients across more than 12 key markets in Central and Eastern Europe (e.g., Poland, Czech Republic), Western Europe (e.g., Spain, France, Germany, Portugal), the Middle East, Latin America, Asia, and Africa, with entities regulated by authorities including the Polish Financial Supervision Authority (KNF), UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and others. In 2024, XTB achieved record growth with 498,000 new clients (up 59.8% year-over-year), client assets reaching PLN 27.4 billion, and revenues of PLN 1.87 billion; launched IKE accounts in Poland (capturing 40% market share), ISA accounts in the UK, an eWallet with multi-currency card, and expanded passive investment offerings; secured licenses in Indonesia, United Arab Emirates, and Chile for enhanced product access including stocks and ETPs; opened a larger office in the UAE; and prepared cryptocurrency trading integration pending Polish MiCA alignment, while advancing options trading approval and non-European expansions.