XTB Opens New Dubai Office

Poland-listed retail broker XTB has further solidified its presence in the Middle East by inaugurating a new office in Dubai. The announcement, made on Monday, marks another significant milestone in XTBs aggressive global expansion strategy.

Strategic Location in Dubai

The new office is strategically located in One Central (Office 5) at the Dubai World Trade Centre, positioning XTB at the heart of the regional financial hub. This move underscores the brokers commitment to serving the Middle Eastern market, offering enhanced support and localized services to clients in the region.

Dual Licensing for Enhanced Credibility

XTB‘s expansion in the UAE comes on the heels of securing two vital licenses. The broker recently obtained a license from the UAE’s Securities and Commodities Authority (SCA), complementing its existing regulatory framework. Additionally, XTB renewed its license from the Dubai Financial Services Authority (DFSA), under which it has operated since July 2021. These dual licenses not only reinforce the firms credibility but also expand its operational capabilities within the UAE.

Global Growth and Regulatory Success

XTB‘s latest venture in Dubai is part of a broader international expansion strategy. Alongside the UAE developments, the broker has also secured an Indonesian license and a securities agent license from Chile’s financial market regulator. This continued regulatory success has enabled XTB to diversify its market presence, tapping into new regions and customer bases across Latin America and Asia.

Impressive Industry Performance

The global expansion strategy has yielded tangible results for XTB. According to recent data from Finance Magnates, the overall number of active accounts in the CFDs industry has surpassed 5 million. In this competitive landscape, XTB distinguished itself by topping the list—with approximately 555,000 active accounts in Q4 2024, excluding Japanese brokers.

Financial performance has mirrored this growth trajectory. In 2024, XTB‘s revenue increased by 15.8% to reach PLN 1.87 billion, while its net profit saw an 8.6% year-over-year rise, amounting to PLN 859.4 million. Despite facing rising operational costs, the broker’s strategic market moves and robust interest in financial instruments have contributed to its impressive financial performance.

Looking Ahead

XTB‘s new Dubai office and the recent regulatory milestones reflect the broker’s broader vision to expand and enhance its global footprint. With strong market trends and a growing appetite for diversified financial instruments, XTB is well-positioned to continue its leadership in the CFD and retail brokerage space. As the firm broadens its regional and international operations, clients can expect an even more comprehensive suite of trading solutions and localized services designed to meet the evolving demands of global markets.