In November 2023, the number of open accounts of XTB companies listed on the Polish stock exchange exceeded 200,000, making it the third largest brokerage in Poland.。The milestone means that for every four of the world's 847,000 accounts managed by the fintech company, there is a client from the largest economies in Central and Eastern Europe (CEE).。

XTB's retail customers in Poland exceed 200,000

XTB's important news in the Polish market was confirmed by data from the Polish National Securities Depository (KDPW).。In November, XTB gained nearly 1.40,000 new customers, a significant increase of 7.40,000 customers。

The rapid accumulation of retail traders has not only made XTB the third largest broker in Poland (lagging behind BM Pekao, the second largest broker by a gap of only 4,000 accounts), but has also made it the most active broker in new client growth.。Of all accounts newly opened in Poland in November, 78% belonged to XTB, compared to 62% in the same period last year.。

"Our products are suitable for both active investors and investors who prefer passive strategies.。Therefore, it is natural for our position in the stock market to continue to rise。"commented Omar Arnaout, CEO of XTB。

The market reacted quickly to the news, with XTB's share price on the Warsaw Stock Exchange rising 7% in two days to its highest level since mid-August, which is also a four-month high.。

Arnaout attributed part of this dynamic expansion to the introduction of passive solutions in its products, which include interest on customers' idle deposits and ETF-based "investment plans."。He said: "XTB is a one-stop shop for every investor willing to take control of their investment.。"

Poland, the country of origin of XTB, has a significant presence in the broker's products and revenues。About 25% of the 847,000 customers served by XTB globally are from this CEE country。

The impact of the new artificial intelligence sector on revenue

At the end of November, XTB announced the creation of a new artificial intelligence (AI) division, led by Tomasz Gawron, responsible for developing solutions that support the business operations and trading platforms of listed companies.。

In addition to new passive products, AI solutions are expected to help XTB maintain its strong momentum in acquiring new customers while boosting revenue, which fell 29% in the third quarter due to lower market volatility.。

Arnaout concluded: "Our main objective is to ensure that the XTB investment application offers the widest possible range of investment products and the highest level of technology.。"