XTB Hits 1 Million Clients: A Fintech Triumph!
XTB has officially crossed the one million customer milestone. This remarkable achievement not only reflects the company’s robust growth trajectory but also demonstrates the increasing preference among investors for digital and user-friendly platforms to manage their financial portfolios.
Since late 2021, XTB’s customer base has impressively doubled, a growth spurt that can be attributed to its strategic expansion efforts and the introduction of innovative offerings designed to cater to the evolving needs of modern investors.
‘Social’
XTB, which initially made its mark as a global fintech firm offering Contracts for Difference (CFDs), has been diligently working towards transforming itself into a comprehensive investment platform. The introduction of ‘Social’, a service allowing users to follow and implement investment strategies used by experts or personal connections, has significantly bolstered its customer base. This feature taps into the growing trend of social trading, where platforms facilitate the sharing and copying of trade strategies among users.
The company’s ambitious expansion has not stopped at social trading. Over recent years, XTB has diversified its product range to include bonds and various social investment tracking tools, thereby appealing to a wider audience with varied investment interests. These efforts have greatly contributed to the company’s impressive surge in clientele, demonstrating XTB’s commitment to innovation and its ability to adapt to market demands.
The year 2023 marked a period of record-breaking achievements for XTB. The company onboarded 312,000 new clients and reported consolidated net profits of EUR 175 million alongside revenues reaching EUR 351 million. Such financial milestones indicate XTB’s strong performance and the trust it has garnered among investors worldwide.
Looking Ahead
XTB is not slowing down. The company has laid out plans for further expansion, aiming to evolve from being primarily a CFD broker to a holistic investment app. Among the features slated for future release are bonds, retirement products, and an e-wallet equipped with a multi-currency card. XTB is also preparing to launch a retirement product in Poland by Q3 2024, with prospects of extending this service to other markets like the UK.
Central to XTB’s forward-looking strategy is the anticipation of welcoming between 65,000 to 90,000 new clients per quarter in 2024. This goal is aligned with the company’s vision to enrich its service offerings and extend its reach to a broader segment of potential investors. By doing so, XTB aims to solidify its position as a leader in the fintech industry, offering a versatile platform that meets a wide range of investment needs.
