XTB, a global fintech firm known for its online investing
platform and mobile app, has announced a notable milestone, reaching a customer
base of one million worldwide.
This has followed a strategic expansion by XTB into the
realm of Contracts for Difference (CFD), stocks, and Exchange-Traded Funds
(ETFs) a little over three years ago. The company has experienced growth, with
its clientele doubling since the close of 2021. This surge is indicative of a
broader global trend where individuals are increasingly seeking to manage their
financial portfolios autonomously.
In 2023, XTB saw an influx of 312,000 new clients utilizing
its app and digital platform to participate in global financial markets. The
company’s robust performance throughout the year culminated in record-breaking
results, with consolidated net profits totaling EUR 175 million and revenues
reaching EUR 351 million.
Introduction of Bonds and Social Investment Tracking
Looking ahead, XTB has outlined plans to expand its product
offerings and introduce services catering to a wider audience. With the aim of
evolving from a CFD broker to a comprehensive investment app, the company is
set to introduce bonds as a new asset class in its passive portfolio during Q2
of 2024. These bonds will encompass government and corporate bonds issued by
reputable global corporations with strong credit ratings.
Furthermore, XTB is set to launch ‘Social’, a new service
designed to allow customers to track and follow the investment strategies of
both expert traders within the platform and their personal connections.
Initially launched in Poland, Social will provide users with insights into
portfolio composition, risk appetite, and real-time transactions through push
notifications.
Recognizing the growing potential in long-term investing,
XTB plans to introduce a retirement product in Poland during Q3 of 2024, with
potential expansion into other markets such as the UK, including the Individual
Savings Account program. By the year’s end, XTB aims to unveil a product
that enables customers to manage their finances seamlessly on the go. This
offering will feature an integrated virtual wallet coupled with a
multi-currency card, empowering clients to make payments , transfers, currency
exchanges, and investments with ease.
XTB, a global fintech firm known for its online investing
platform and mobile app, has announced a notable milestone, reaching a customer
base of one million worldwide.
This has followed a strategic expansion by XTB into the
realm of Contracts for Difference (CFD), stocks, and Exchange-Traded Funds
(ETFs) a little over three years ago. The company has experienced growth, with
its clientele doubling since the close of 2021. This surge is indicative of a
broader global trend where individuals are increasingly seeking to manage their
financial portfolios autonomously.
In 2023, XTB saw an influx of 312,000 new clients utilizing
its app and digital platform to participate in global financial markets. The
company’s robust performance throughout the year culminated in record-breaking
results, with consolidated net profits totaling EUR 175 million and revenues
reaching EUR 351 million.
Introduction of Bonds and Social Investment Tracking
Looking ahead, XTB has outlined plans to expand its product
offerings and introduce services catering to a wider audience. With the aim of
evolving from a CFD broker to a comprehensive investment app, the company is
set to introduce bonds as a new asset class in its passive portfolio during Q2
of 2024. These bonds will encompass government and corporate bonds issued by
reputable global corporations with strong credit ratings.
Furthermore, XTB is set to launch ‘Social’, a new service
designed to allow customers to track and follow the investment strategies of
both expert traders within the platform and their personal connections.
Initially launched in Poland, Social will provide users with insights into
portfolio composition, risk appetite, and real-time transactions through push
notifications.
Recognizing the growing potential in long-term investing,
XTB plans to introduce a retirement product in Poland during Q3 of 2024, with
potential expansion into other markets such as the UK, including the Individual
Savings Account program. By the year’s end, XTB aims to unveil a product
that enables customers to manage their finances seamlessly on the go. This
offering will feature an integrated virtual wallet coupled with a
multi-currency card, empowering clients to make payments , transfers, currency
exchanges, and investments with ease.
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- Source: https://www.financemagnates.com//forex/xtb-surpasses-one-million-customer-milestone-amidst-fintech-expansion/
