XTB S.A. explained

XTB S.A.
Type:Spółka Akcyjna
Location City:Warsaw, Poland
Area Served:Worldwide
Key People:Omar Arnaout (CEO)
Industry:Stockbroker
Electronic trading platform
Net Income: PLN 791 million (2023)[1]
Revenue: PLN 1 586 million (2023)[2]
Num Employees:826 (2023) [3]
Homepage:XTB.com

XTB S.A. is a provider of products, services, and technological solutions for trading financial instruments, based in Warsaw, Poland. XTB is one of the world's largest publicly traded FX & CFD brokers. The XTB Group has offices in 13 countries.

Expansion in Brazil and Indonesia will stay within XTB's aims for 2025.[4]

Description

The company was founded in 2002

In 2005, the company received authorization from the Polish Financial Supervision Authority to provide brokerage services for all financial products. In 2007, XTB opened its first foreign branch in the Czech Republic, followed by branches in Germany, Spain, Romania, Slovakia, France, Portugal, Italy, and Hungary in the following years. In 2009, the company changed its name to XTB Online Trading.[5]

Depending on the market in which they operate, XTB Group entities are regulated by global institutions such as the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission, Comisión Nacional del Mercado de Valores, International Financial Services Commission, and the Polish Financial Supervision Authority.

XTB's brand ambassadors include Mads Mikkelsen, José Mourinho, Joanna Jędrzejczyk, Iker Casillas, Conor McGregor, and Zlatan Ibrahimović.[6]

Notes and References

  1. Web site: Financial data for 2023.
  2. Web site: Financial data for 2023.
  3. Web site: Number of employees in 2023.
  4. Web site: Record of the results conference - preliminary data for Q3 2024.
  5. Web site: Description of company.
  6. Web site: Ambassador.