XTB posts record half-year results as trader’s flock to the popular online broker | Broker News

By Ekzaga Staff

12 September 2018 2:27 pm

XTB posts record half-year results as trader’s flock to the popular online broker | Broker News

 

XTB - the award winning FX & CFD broker - reported another record set of earnings for 2018. The broker saw revenues grow 70% to €46m compared to the same period a year ago. Additionally, operating profit jumped nearly 250% to €26.8m.

On the back of this earnings report, XTB’s share price - which is traded on the Warsaw Stock Exchange - rose by 2% to a three-month high.

So what does this record performance indicate?

The broker put its success down to a number of factors including a sharp increase in new traders and overall profitability. New active clients jumped to over 10,000, marking a growth of 23.6% whilst the average number of active traders grew by a similar amount to 22,117.

Concerning the higher rate of profitability, the broker saw its profit by lot traded by clients jump 29% to €35.7m with costs at a stable level.

In terms of its global client coverage, the biggest growth areas for XTB remain its core European markets. Central and Eastern Europe saw revenues jump 108.4% to €24.4m whilst western Europe - which includes its Spanish market - saw revenues jump 23.4% to €19.4m.

 

Optimism on global growth in Latin America, Africa and Middle East

In its forward guidance, XTB indicated continued confidence in its French and German operations as strong prospects for growth but also highlighted its non-European client base as cause for optimism. XTB felt that Latin America, Africa and Middle East has become a core focus for global expansion and business development. The firm is committed to growing its market share in those regions as it diversifies its global client base.

Learn more about XTB UK & XTB here.

Spreads

Features & Support

XTB

AvaTrade

XM

HF Markets

eToro

EasyMarkets

IC Markets

Eurusd2
Gbpusd4
Usdjpy4
Gold8
Oil8
Ftse3.8
Dow7
Apple
Hsbc
Bitcoin100
Ethereum12.5
Eurusd1.5
Gbpusd2
Usdjpy1.6
Gold50
Oil3
Ftse1
Dow3
Apple0.06
Hsbc0.6
Bitcoin73
Ethereum5.8
Eurusd1.6
Gbpusd2.3
Usdjpy1.6
Gold0.35
Oil0.05
Ftse1.5
Dow2
Apple0.27
Hsbc0.01
Bitcoin50
Ethereum3
Eurusd1.2
Gbpusd1.8
Usdjpy1.7
Gold20
Oil5
Ftse1
Dow4
Apple0.04
Hsbc0.5
Bitcoin60
Ethereum3.7
Eurusd3
Gbpusd4
Usdjpy2
Gold45
Oil5
Ftse1.5
Dow6
Apple0.09
Hsbc0.09
Bitcoin135
Ethereum11.6
Eurusd1
Gbpusd1.7
Usdjpy2
Gold35
Oil4
Ftse1
Dow6
Apple
Hsbc
Bitcoin60
Ethereum7
Eurusd1.1
Gbpusd1.5
Usdjpy1.3
Gold18
Oil5
Ftse5
Dow4
Apple
Hsbc
Bitcoin
Ethereum
Guaranteed Stop OrderTick
Limit OrdersTick
One-Click TradingTick
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionTick
ScalpingTick
HedgingTick
Bonuses OfferedTick
Guaranteed Stop OrderCross
Limit OrdersTick
One-Click TradingCross
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionCross
ScalpingTick
HedgingTick
Bonuses OfferedCross
Guaranteed Stop OrderCross
Limit OrdersTick
One-Click TradingTick
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionTick
ScalpingTick
HedgingTick
Bonuses OfferedTick
Guaranteed Stop OrderCross
Limit OrdersTick
One-Click TradingTick
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionTick
ScalpingTick
HedgingTick
Bonuses OfferedTick
Guaranteed Stop OrderCross
Limit OrdersTick
One-Click TradingTick
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionCross
ScalpingCross
HedgingTick
Bonuses OfferedCross
Guaranteed Stop OrderTick
Limit OrdersTick
One-Click TradingTick
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionTick
ScalpingTick
HedgingTick
Bonuses OfferedCross
Guaranteed Stop OrderCross
Limit OrdersTick
One-Click TradingTick
Additional EducationTick
Trailing StopsTick
Negative Balance ProtectionTick
ScalpingTick
HedgingTick
Bonuses OfferedCross
Share