XTB Breaks Profit and Clients Record in Q1 2023 (2024)

FAQs

XTB Breaks Profit and Clients Record in Q1 2023? ›

Profit-wise XTB earned PLN 302.8 million (USD $73 million) in Net Profit in Q1-2023, topping the $61 million profit XTB reported in Q1-2022.

XTB's dynamic operational growth, combined with favourable market conditions, resulted in record financial results for 2023 year. Consolidated net profit amounted to PLN 791,2 million compared to PLN 766,1 million a year earlier.

XTB's Investment Plans provide an excellent avenue for long-term, passive investing. With an Investment Plan, individuals can tailor personalised portfolios to match their risk tolerance, sector preferences, or geographic focus.

About XTB. XTB was founded in Poland in 2002 and has since grown to become a well-known broker for trading forex and CFDs. With a market capitalization of $1.6 billion as of March 31, 2024, XTB is publicly traded on the Warsaw Stock Exchange (WSE: XTB.PL).

According to analysts, XTB price target is 68.89 PLN with a max estimate of 68.89 PLN and a min estimate of 68.89 PLN.

Myth: XTB is a Scam

However, as evidenced by its regulatory licenses, industry awards, and positive user reviews, XTB is a legitimate and reputable brokerage platform that adheres to strict regulatory standards.

XTB is not a scam

Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years. You can rest assured, XTB is considered reliable as it is regulated by the top-tier FCA in the UK.

Is Trading 212 better than XTB? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Trading 212 is better than XTB. Trading 212 offers commission-free share dealing and is a great option for those looking to simply execute share or ETF trades.

As a Group, XTB accepts clients from the vast majority of countries. 🚀 XTB Ltd, our FCA regulated entity, only accepts clients who are residents of the UK. The XTB Group does accept clients from outside of the UK/EU to our other legal entities when it's relevant to do so.

How does XTB make money? ›

There are three major revenue sources - spreads, fees and market making.

xtb.com Ranking by Traffic

Website ranking helps evaluate the value of a business. Over the last three months, xtb.com's global ranking has decreased from 6,855 to 6,431.

Founded in Poland in 2004, the XTB Group has been growing dynamically, operating on the basis of licenses granted by regulators in Poland, the UK, Turkey, Cyprus and Belize.

Scalping with MT4 and xStation

XTB offers traders two state-of-the-art trading platforms, MT4 and xStation. Both platforms allow scalping.

Protection of your funds

Your funds are protected by the Financial Services Compensation Scheme (FSCS), up to £85,000 per person in the unlikely event of our insolvency.

In almost two decades of activity in the financial markets, we have earned the trust of over 1,000,000 customers around the world. Your investments are safe with us - we are regulated by some of the world's biggest supervision authorities: FCA, KNF, CySEC, and FSC.