XTB sees 79% increase in Q4 Revenues to close out strong 2023
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) closed out a record year for both Revenues and […]
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) closed out a record year for both Revenues and […]
Kathleen Brooks has authored two books: Kathleen Brooks on Forex (Wiley, 2013) and Currency Trading for Dummies (Wiley, 2015).
Monthly trading volumes averaged $198 billion at XTB during Q3 2023, up from $182 billion monthly in Q2.
Hani Abuagla will be based out of the Dubai office and he’ll be reporting to Achraf Drid, Managing Director at XTB MENA.
The revenue decline at XTB is mainly the result of lower volatility in the financial and commodity markets in Q2 2023.
XTB’s offer in the UK market will include real stocks from the European and US stock markets and ETFs from the European markets.
XTB had its best-ever year in 2022 with Revenues of PLN 1,444 million ($328 million) and Net Profit of PLN 765 million ($174 million).
Until now, XTB’s offer in the MENA market was based on CFDs.
The share sale takes Jakub Zablocki’s ownership stake in XTB down to 61.02%, from 66.99% before the sale.
Following the sale, Jakub Zablocki’s XX ZW Investment Group will continue to hold 71.63 million XTB shares, worth about $675 million.