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XTB CEO Takes Cautious U.K. Approach as Indonesia Ranks Second for Monthly Sign-Ups at XTB

Preliminary results showed 335,704 new clients in the third quarter; XTB’s final report is scheduled for Nov. 20.

Updated 1 min read
An attendee watches a remote earnings briefing on a laptop in Warsaw, Poland. / EconoTimes.ai
An attendee watches a remote earnings briefing on a laptop in Warsaw, Poland. / EconoTimes.ai

XTB CEO Omar Arnaout said Poland leads monthly account additions, with Indonesia next, while the broker will be cautious in Britain because it entered late and competition would be costly.

XTB held its online results session Oct. 29, starting at 11 a.m. ET (15:00 UTC). Arnaout did not state monthly account totals for individual markets.

XTB’s preliminary filing reports group client figures, not individual country totals: 335,704 new clients in the quarter and 3,138,918 clients as of Sept. 30. It gives no separate additions figure for Poland or Indonesia.

The filing put preliminary net profit at PLN 213.665 million, compared with PLN 53.227 million a year earlier, an increase of 301.4%.

XTB set Nov. 20 for release of its final third-quarter report.

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