
Following its recent entry announcement into the UK Individual Savings Accounts (ISAs) market, XTB has swiftly acquired authorization as a registered manager, positioning itself to tap into a market valued at £400 billion.
In the wake of the 2023 earnings conference, XTB’s CEO Omar Arnaout unveiled the company’s strategic move beyond its initial Polish pension offering into the fiercely competitive realm of tax-exempt investment products.
The UK ISA landscape, accommodating 27 million individuals and hosting £400 billion in stocks and share savings accounts, offers British citizens an annual tax-free investment allowance of up to £20,000.
Learn how to buy and sell popular assets with Top Forex broker XTB
In line with its core objective of broadening its client base, XTB has diversified its offerings by securing a license for the ISA market, transcending its traditional CFD focus. Initially targeting stocks and later passive investment avenues through ETFs, XTB is now gearing up to introduce ISA options.
XTB UK’s Client Growth Trajectory
XTB witnessed a substantial increase in its active client base, soaring from 312,000 in 2023 to over one million users in 2024, with a notable surge in the UK market, where active clients surged by 93% last year.
While XTB UK’s operational scale remains modest in comparison to the broader fintech sector, with a revenue of £4.7 million in 2023, its foray into the ISA market is poised to catalyze transformative growth.