However, the full year results were positive for the broker. The revenue for 2023 reached PLN 1.444 billion, skyrocketing 130.9% from the previous year. Net profit jumped 222% to PLN 765.7 million
The numbers of active clients on the platform improved significantly in the fourth quarter, as well as the year.
XTB registered new 51,038 clients in Q4, 19.4% more than the same period the previous year. Based on the third quarter, the number rose 13.9%. The active clients on the platform came at 160,995 in the Q4, 26.6% higher than the numbers of Q4 2021 and 6% than Q3 2022.
The new clients for the year in turn were 196,864 up 4% compared to 2021. Active clients reached 258,799 in 2022, registering a 35.9% jump compared to the previous year.
The CFD trading volume for Q4 and the full year also rose by 60.3 % and 55.1%, respectively.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.