BY GEORGE NAVA TRUE II
NOTE: I have digressed a little from my original subject to bring some good news for investors. I’ll be back with more exciting health stories on Saturday. Don’t miss it!
The XTB Group ranked fifth in the list of the largest global brokers in the terms of number of active clients in a Quarterly Intelligence Report published by Finance Magnates.
“One of XTB’s priorities is to focus on the growing demands of clients by providing the best investment offer – both in terms of instruments, platform, and service. Last year, we introduced an offer that included commission-free investing. We also improved our xStation and xStation Mobile platforms. This helped us acquire over 112,000 new clients in 2020,” according to Omar Arnaout, XTB CEO.
“However, we are especially proud of the number of active clients which allowed us to be in the global Top 5 brokers for the first time – it shows that clients value trading with XTB,” he added.
Comparing the fourth quarter of 2020 with the corresponding period of 2019, XTB recorded an increase by approximately 41,500 active clients, or 135% (in the fourth quarter of 2019, XTB had approximately 30,800 active clients).
In the overall list of brokers based on the largest number of active accounts, XTB moved up from the 20th (fourth quarter 2019) to the fifth (fourth quarter 2020) place. It also recorded the highest increase in active accounts among the five largest brokers.
Largest global trading hub
Finance Magnates is one of the largest global online multi-asset trading knowledge hub. Its team of intelligence analysts publishes quarterly reports summarizing the investment industry. It describes both the companies operating in it, as well as trends, news, and regulatory changes.
“In the last quarter of 2020, XTB’s results attracted special attention. It achieved the largest quarterly increase in the number of active accounts, which allowed it to jump into the top five global brokers. The company was able to transform the increased interest in investing caused by significant market volatility and attract a large group of investors,” explained Sylwester Majewski, Intelligence Team lead at Finance Magnates.
To get full access to Finance Magnates Quarterly Intelligence Reports, register at https://www.financemagnates.com/intelligence/
For more details, visit Leading European FX & CFDs brokerage Group | XTB./PN
