XTB joined the top 5 brokers in the world in terms of the number of active clients after surpassing 500,000 customers in the first quartal of 2022.
Polish trading service provider XTB announced that the company has surpassed 500,000 clients thanks to the high demand for its services in various international markets.
Over the past few years, XTB has increased its presence in various regions. To meet this growing demand, XTB MENA has recently expanded its offerings through the addition of crypto CFDs. Not only that, due to large sales and marketing activities in Europe and Latin America, XTB has experienced a sharp increase in trading activities since early 2022.
"The increase in the number of customers is the result of intensive sales and marketing activities on the markets in Central and Eastern Europe, Western Europe and Latin America. The development potential is also related to expansion and development in international markets (the launch last year of the company's branch in Dubai serving the Middle East and North Africa markets)," the company mentioned in the press release.
Rising Active Clients
In the first quarter of 2022, this financial services provider saw a significant spike in its financial metrics as a result of the increasing number of active clients.
The average number of active customers stood at 149.8K compared to 103.4K the previous year and an average of 112 thousand throughout 2021. This growth has allowed the company to rise to the top five Forex and CFD brokers in the world in terms of the number of active clients. In the first quarter of 2022, XTB acquired 55.3 thousand new customers. Overall, in 2021 the number of clients has increased from 255.8 thousand to 429.2 thousand.