XTB has launched preliminary monetary outcomes for
2023, highlighting a surge of 51% in lively purchasers, which elevated by
311,971. The corporate defied market volatility and inflationary pressures to publish a 3%
year-over-year enhance in web revenue to PLN 791.3 million.
XTB reported a lift of 10% YoY in income, reaching PLN 1,588.2 million. The driving forces behind
this surge have been the heightened volatility in monetary and commodity markets
and the substantial enlargement in clientele. XTB‘s CFD contracts concluded in heaps rose
by 16.5% YoY, contributing to a transaction quantity of seven,416.5 thousand heaps.
Notably, the profitability per lot was PLN 214, barely decrease than the
earlier yr’s PLN 227.
The fourth quarter of 2023 stood out with a
staggering 127.7% YoY enhance in revenues, totaling PLN 493.6 million. This
surge was fueled by increased profitability per lot and elevated shopper turnover,
particularly in CFD devices. The quarter witnessed distinct tendencies,
influencing a considerable rise in income.
Inspecting income sources, CFDs based mostly on indices
took the lead, constituting 47.8% of complete revenues. Commodities adopted
carefully at 39.9%, whereas currency-based CFDs accounted for 10.1%. This shift in
income distribution mirrored the profitability of devices tied to indices
just like the US 100, German DAX, and US 500, in addition to commodities similar to pure
gasoline, gold, and oil.
Working prices in 2023 amounted to PLN 693.6
million, witnessing a notable enhance of PLN 135.0 million from the earlier
yr. This rise was primarily attributed to elevated remuneration, advertising and marketing
bills, and exterior companies. Regardless of these prices, XTB’s shopper base
flourished, reaching a record-breaking 311,971 new purchasers, a 58.5% enhance
from the earlier yr.
XTB Eyes Social Buying and selling
XTB’s dedication to enhancing shopper expertise was
evident by way of the introduction of fractional shares, enabling funding in
chosen markets at a fraction of the value. One other noteworthy characteristic
launched in November 2023 was curiosity on free funds in shopper accounts,
supporting day by day account progress for currencies like PLN, EUR, USD, GBP, CZK,
and RON.
In 2024, XTB’s targets embrace the introduction
of social buying and selling, providing purchasers the chance to comply with and be taught from
different customers’ funding methods. The Board goals to accumulate 65-90 thousand
new purchasers per quarter, with a robust begin in January, buying 27.3
thousand new purchasers.
This revolutionary providing will empower purchasers with
instantaneous native funds , transfers, card transactions, and foreign money alternate,
facilitating real-time finance management and expense administration.
Take part in Our Fraud Survey: Your Opinion Issues!
We invite you to take part in our joint survey carried out
by FXStreet and Finance Magnates Group, which explores prevalent on-line
monetary fraud sorts, platforms used for fraudulent actions, effectiveness
of countermeasures, and challenges confronted by corporations in tackling such fraud. Your
precious insights will assist inform future methods and useful resource allocation in
combating monetary fraud.
Social Media Scams: Assist Form the Battle with Your 2024 Survey Participation
XTB has launched preliminary monetary outcomes for
2023, highlighting a surge of 51% in lively purchasers, which elevated by
311,971. The corporate defied market volatility and inflationary pressures to publish a 3%
year-over-year enhance in web revenue to PLN 791.3 million.
XTB reported a lift of 10% YoY in income, reaching PLN 1,588.2 million. The driving forces behind
this surge have been the heightened volatility in monetary and commodity markets
and the substantial enlargement in clientele. XTB‘s CFD contracts concluded in heaps rose
by 16.5% YoY, contributing to a transaction quantity of seven,416.5 thousand heaps.
Notably, the profitability per lot was PLN 214, barely decrease than the
earlier yr’s PLN 227.
The fourth quarter of 2023 stood out with a
staggering 127.7% YoY enhance in revenues, totaling PLN 493.6 million. This
surge was fueled by increased profitability per lot and elevated shopper turnover,
particularly in CFD devices. The quarter witnessed distinct tendencies,
influencing a considerable rise in income.
Inspecting income sources, CFDs based mostly on indices
took the lead, constituting 47.8% of complete revenues. Commodities adopted
carefully at 39.9%, whereas currency-based CFDs accounted for 10.1%. This shift in
income distribution mirrored the profitability of devices tied to indices
just like the US 100, German DAX, and US 500, in addition to commodities similar to pure
gasoline, gold, and oil.
Working prices in 2023 amounted to PLN 693.6
million, witnessing a notable enhance of PLN 135.0 million from the earlier
yr. This rise was primarily attributed to elevated remuneration, advertising and marketing
bills, and exterior companies. Regardless of these prices, XTB’s shopper base
flourished, reaching a record-breaking 311,971 new purchasers, a 58.5% enhance
from the earlier yr.
XTB Eyes Social Buying and selling
XTB’s dedication to enhancing shopper expertise was
evident by way of the introduction of fractional shares, enabling funding in
chosen markets at a fraction of the value. One other noteworthy characteristic
launched in November 2023 was curiosity on free funds in shopper accounts,
supporting day by day account progress for currencies like PLN, EUR, USD, GBP, CZK,
and RON.
In 2024, XTB’s targets embrace the introduction
of social buying and selling, providing purchasers the chance to comply with and be taught from
different customers’ funding methods. The Board goals to accumulate 65-90 thousand
new purchasers per quarter, with a robust begin in January, buying 27.3
thousand new purchasers.
This revolutionary providing will empower purchasers with
instantaneous native funds , transfers, card transactions, and foreign money alternate,
facilitating real-time finance management and expense administration.
Take part in Our Fraud Survey: Your Opinion Issues!
We invite you to take part in our joint survey carried out
by FXStreet and Finance Magnates Group, which explores prevalent on-line
monetary fraud sorts, platforms used for fraudulent actions, effectiveness
of countermeasures, and challenges confronted by corporations in tackling such fraud. Your
precious insights will assist inform future methods and useful resource allocation in
combating monetary fraud.
Social Media Scams: Assist Form the Battle with Your 2024 Survey Participation
