XTB reports record $938M revenue in H1 2024

XTB achieves record $938M revenue in first half of 2024

XTB reported record revenue of $938M in H1 2024, with significant client growth and strategic expansions planned for Brazil and Indonesia.

XTB
98
Min. deposit
-
Max. leverage
1:500
Bonus
Used by
656997+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill
Regulated by
FSC
CNMV
KNF
FCA
CySEC
Broker type
Forex & CFDs
XTB achieves record $938M revenue in first half of 2024

Polish retail trading company XTB reported record revenue of $938 million in the first half of 2024, a 12.9% increase year-over-year. Net profit rose by 10% to $463 million despite higher marketing and employment costs. XTB added 232,300 new clients, reaching a total of 1.11 million.

While Q1 was strong, Q2 saw net profit drop to $40 million from $77 million in Q1. However, active clients remained high, increasing over 50% from the first half of 2023.

 

Learn how to buy and sell popular assets with Top Forex broker XTB

 

XTB is shifting from a CFD broker to a universal investment app, with 80% of new clients investing in stocks, ETFs, or creating investment plans. Net deposits more than doubled to $3.80 billion.

Future plans include launching bond offerings, IKE retirement accounts, and a virtual wallet with a multi-currency card. XTB also aims to expand into Brazil and Indonesia by early 2025.

XTB