XTB has introduced stocks and shares Individual Savings Accounts (ISAs) for UK investors, featuring zero-commission trading and a 4.75% interest rate on uninvested cash. This launch is part of XTB’s strategy to become a full-service investment and savings platform.
“ISAs are widely popular, but many come with high costs and low rates,” said Joshua Raymond, XTB UK Managing Director. “Our aim is to offer the best terms in the market.”
The ISA allows flexible, tax-efficient investing, with fees only for trades exceeding €100,000 monthly. Interest is credited monthly, ensuring competitive returns. This move aligns with XTB’s broader goal of democratizing investment access, complemented by other recent offerings like multi-currency cards and ETF-based Investment Plans.
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Despite this push into passive investments, CFDs remain central to XTB, contributing 98% of revenue. The company reported a 67.3% revenue increase in Q3 2024 and nearly doubled its quarterly net profit.
Future plans include further product launches and potential new offerings for 2025, reinforcing XTB’s position as a leading global fintech platform.
