XTB aims for a super app as stock and ETF demand surges
XTB, a leader in CFD trading, is shifting gears to become a financial super app. Although CFDs still account for 98% of its revenue, CEO Omar Arnaout highlighted the company’s growing focus on stocks and ETFs, chosen by 80% of new clients.
Naga Markets appoints Juan Enrique as Head of Europe and Education
Naga Markets has named Juan Enrique Cadiñanos Moriano as Head of Europe and Education. With eight years at Admiral Markets and experience as a Madrid-based freelancer, Moriano brings deep expertise to his new role.
Plus500 reports strong 2024 results, expands in UAE
Plus500 posted $768 million in revenue for 2024, despite a slight dip in Q4 earnings. The broker secured a new UAE license, strengthening its Middle East presence. It onboarded 36,000+ customers in Q4, marking a 45% rise from the previous quarter. Debt-free with $900 million in cash, Plus500 plans further global expansion and product development in 2025.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.