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Driving the growth in financial success was a sharp rise in client CFD trading volumes at XTB.com, and record active clients.
Client CFD trading volumes averaged $168 billion monthly at the company’s XTB.com brand in Q3.
The intention of the XTB Management Board is to start operating activities in United Arab Emirates in the first half of 2021.
In November 2020 XTB received preliminary approval of the DFSA regulator to conduct brokerage activities in the United Arab Emirates.
XTB.com has released financial results for the Q3 2020, showing that activity slowed significantly from the first half of the year.
The phenomenon we saw yesterday with XTB was almost a mirror image of what happened just last week at IG Group in the UK.
Q2 was certainly very good in overall historical terms at XTB, with Revenue of PLN 211 million ($54 million) and profit of PLN 118 million ($30 million).