Net profit for the period stood at PLN 50 million, suffering 27% fall YoY and 78.8% drop QoQ. 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 Active clients The numbers of…
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The broker also saw a 52.7% increase in the CFDs trading volume on its platform from 1.044 million to 1.594 million lots of contracts. Active clients The acquisition of new clients of on the platform slightly decreased in the last quarter, compared to the previous one. The broker registered 44,800 new clients from July to…
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Active clients growth The numbers of active clients on the platform improved significantly in the fourth quarter, as well as the year. The broker registered 42,760 new clients in Q4, 11.3% more than the same period the previous year. The active clients on the platform came at 127,174 in the Q4, 75.8% higher than the…
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Nadhir Ninouh, Marketing Director at XTB MENA said: I’m extremely pleased to have joined XTB for the next phase of their growth journey and to be working alongside a team of notable industry leaders. I’ll be heavily involved in supporting the firm’s expansion into the Middle East region through my marketing experience and tech background.…
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The broker stated: The significant factor determining the level of revenues was a constantly growing client base combined with their high transaction activity noted in the number of concluded transactions in lots and in the nominal value of the realized turnover. As a consequence, the transaction volume in CFD instruments amounted to 1 044 thousand…
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XTB is authorized by regulators to operate in following countries including Poland, the United Kingdom, CyPrus, Spain and Belize. The new authorization follows the recently acquired license in Dubai. A lot of financial services companies have recently gained regulatory license in South Africa including Exness, ETX Capital, Eurotrader and Qinox Tech.
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International mining and digital asset trading network Apifiny has recently announced that US regulator, FINRA, has granted a broker-dealer license to its subsidiary firm, Apifiny Prime. The significant governing recognition means that Apifiny will join Gemini, Coinbase, Circle and eToro as one of the top exchanges on offer. However, it must be noted, however, that…
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Net deposits from XTB clients remained at PLN 951.2 million for Q1, and the report stated a significantly higher figure than 2020’s Q4 figure of PLN 619.7 million. XTB released the latest news just after markets closed for the weekend, meaning reactions to its Q1 figures will unfold throughout the week. In fact, shares in…
Read moreIrvine, California based Match-Trade Technologies LLC, which provides customizable technology solutions for Forex brokers, has announced the expansion of its Warsaw office, which will handle IT Development and Support operations. The Warsaw office has moved to a new location which is on the 30th floor of Warsaw Trade Tower building on Chlodna 51 street. Match-Trade’s Warsaw office…
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The Supervisory Board of X-Trade Brokers Dom Maklerski S.A. at the meeting held on 10 January 2017 decided to make changes in the composition of the Company’s Management Board. Mr. Jakub Maly was dismissed from the position of the Management Board’s President. This decision is strategic and results from the need to ensure by the…
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