In addition to the peak number of active clients on the platform, XTB managed to bring PLN 391.3 million in quarterly revenue through Q3 2022.
Polish forex and CFD brokerage XTB published its financial report for the third quarter of 2022, reporting an operating income of PLN391.3 million. The figure came 1% lower than the previous quarter but almost twice from the same quarter last year. The broker has generated PLN236.2 million which is a 126% annual increase when compared to the Q3 2021 of PLN104.3 million.
Other performance metrics of the multi-asset broker improved significantly over a three-month period as you can see in the 52.7% jump in its CFD trading volume from 1.044 million to 1.594 million contract lots.
There was a slowdown in the number of new clients with only 44,800 between July and September. On the other hand, XTB gained 14,100 clients in the first 25 days of October. The average number of active clients for the third quarter touched 151,700, a record for the broker compared to last year’s Q3 which was 112,000.
According to Omar Arnaout as XTB CEO, the data shows that the number of their clients is growing systematically. He also added that technological developments made investment more accessible and common. XTB is constantly adding its offerings and introducing changes to increase interest in the company to attract new and existing clients.