XTB is among the top five biggest brokers in the world, according to Finance Magnates. — Photo Courtesy XTB
XTB Group is ranked fifth on the list of largest global brokers in terms of number of active clients, according to a quarterly Intelligence Report published by Finance Magnates.
XTB Group has appeared in reports for years, but it was included for the first time in the top 5 on the list of the largest companies in terms of the number of active clients.
“In the last quarter of 2020, XTB's results attracted special attention. The broker achieved the largest quarterly increase in the number of active accounts, which allowed it to jump into the top five global brokers.
The data shows that the company was able to transform the increased interest in investing caused by significant market volatility and attract a large group of investors, actually more than doubling their active accounts base in just a year,” said Sylwester Majewski, Intelligence Team Lead at Finance Magnates.
At the beginning of February, XTB Group published its preliminary financial results for 2020. Among the record value of revenues and profits, the group also reported the highest value in terms of active clients.
Comparing the fourth quarter of 2020 with the corresponding period of 2019, XTB recorded an increase of about 41,500 active clients, or 135 per cent.
Among the most dynamic brokers
Finance Magnates is one of the largest global online multi-asset trading knowledge hub. The team of Finance Magnates Intelligence analysts publishes quarterly reports summarising the investment industry, and it describes both the companies operating in it as well as trends, news, and regulatory changes.
XTB Group consists of companies with one of the largest stock exchange-listed FX & CFD brokers in the world. XTB Group has entities regulated by the world's biggest supervision authorities, including the FCA, CySEC and KNF. — VNS