XTB gains 194K new clients in Q1, nears global expansion despite profit drop

XTB attracted a record 194,000+ new clients in Q1 2024 – a nearly 50% jump – pushing its total client base past 1.5 million. Active users also surged by 76% year-over-year.

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While revenue rose 24% quarterly to PLN 580.3 million, higher operating costs led to a net profit dip. The broker remains optimistic, expanding its investment offerings in Poland, the UK, and France, where it launched a tax-advantaged savings plan (PEA).

Growth continues globally, with upcoming launches in Indonesia, Brazil, and Chile, plus a new Dubai office. Despite short-term profit challenges, XTB’s strong client growth signals long-term potential.