XTB S.A.

AI-assisted Knowledge Update: This article was automatically consolidated to provide you with the most up-to-date data instantly.

XTB S.A., formerly known as X Trade Brokers Dom Brokerski S.A., is a Polish brokerage firm based in Warsaw that provides products, services, and technology solutions for trading various financial instruments, including foreign exchange (forex) and contracts for difference (CFDs).

History

The company was founded in 2002 as X Trade Brokers Dom Brokerski S.A. In 2004, the name was changed to XTB. In 2005, XTB received a license from the Polish Financial Supervisory Authority to provide brokerage services. The first foreign branch of XTB was established in the Czech Republic in 2007.

Regulatory Framework

XTB is regulated by several authorities, including:

* Polish Financial Supervision Authority (KNF)
* Financial Conduct Authority (FCA)
* Cyprus Securities and Exchange Commission (CySEC)
* Comisión Nacional del Mercado de Valores (CNMV)
* International Financial Services Commission (IFSC)

Operations

XTB operates offices in 15 countries, including:

* Poland
* Czech Republic
* France
* Germany
* Hungary
* Italy
* Portugal
* Romania
* Slovakia
* Spain

The company has a significant presence in the forex and CFD markets, with over 495,000 customers as of 2020.

Brand Ambassadors

XTB has partnered with several high-profile individuals, including:

* Mads Mikkelsen
* José Mourinho
* Joanna Jędrzejczyk

Financial Performance

In 2022, XTB reported its most profitable year to date, with a net profit of $174 million. In April 2023, the company introduced fractional shares and exchange-traded funds (ETFs) in several European markets.

Expansion and Acquisitions

In 2024, XTB acquired an ISA license in the UK to enter the Individual Savings Accounts (ISAs) market. The company also secured licenses in Indonesia and the United Arab Emirates in December 2024.

Customer Base

XTB has a large customer base, with over 474,000 customers as of October 2023, and by April 2024, the company reported reaching one million customers.

Awards and Recognition

Trustpilot has rated XTB as "not available" due to non-compliance with its guidelines. In March 2026, XTB sold its South African subsidiary, XTB Africa PTY Ltd, for $645,000.

References

* [0] %
* [185] %