Polish financial trading services provider, XTB announced today that the company has crossed the mark of 500,000 customers in May. XTB achieved the milestone after the firm witnessed strong demand for its services across different international markets.
Due to expanded sales and marketing activities in Europe and Latin America, XTB saw a sharp increase in trading activity. Moreover, the total number of active clients jumped substantially since the start of 2022.
"The increase in the number of customers is the result of intensive sales and marketing activities on the markets in Central and Eastern Europe, Western Europe and Latin America. The development potential is also related to expansion and development in international markets (the launch last year of the company's branch in Dubai serving the Middle East and North Africa markets),” the company mentioned in the press release.
XTB has enhanced its presence in different regions around the world in the past few years. To meet the growing demand for emerging asset classes, XTB MENA recently expanded its offerings through the addition of crypto CFDs.
Q1 2022
The first quarter of 2022 remained a solid period for XTB. The financial services provider saw a significant spike in its financial metrics as a result of the rising number of active customers.
“XTB believes that another important parameter is also the increase in the average number of active customers. In the first quarter, it amounted to 149.8 thousand compared to 103.4 thousand a year earlier and 112 thousand on average in the whole of 2021. As reported, this increase allowed XTB to move up to the top five largest FX/CFD brokers in the world in terms of the number of active clients. As reported, in the first quarter of 2022, XTB gained 55.3 thousand new customers. In the whole of 2021, the number of customers increased from 255.8 thousand to 429.2 thousand,” XTB added.
