The companies, products and regulatory developments shaping the broker industry.
XTB added clients and CFD volume at extraordinary rates in 2025, yet profit fell as revenue per lot weakened. In Q1 2026 the unit economics reversed: profit per lot doubled against the 2025 average and one quarter produced 83.1% of the prior full year’s net profit.
Trading 212, eToro, XTB and Interactive Brokers all require the fractional portion to be sold or closed before an account transfer. Economic rights also differ: voting exists in some programmes but not others.
Applying four brokers’ standard published automatic-conversion rates to two $10,000-equivalent exchanges produces a 25-fold range. The comparison is controlled and reproducible, but multicurrency balances and discounts can change the realised cost.
XTB’s asset mix shows a genuine shift toward long-term investing, but its preliminary accounts reveal that leveraged products still generated nine-tenths of the gross result from financial instruments.
Chilean filings reported by TradeInformer put nine-month revenue at CLP9.57bn and marketing spend at about 58% of it; the local earnings mix remains heavily OTC-driven.
XTB is broadening access to Warsaw-listed instruments for its EU clients through a cooperative arrangement with the Polish stock exchange, removing an extra activation request.
XTB Young permits supervised investing in shares and ETFs for teenagers aged 14–17, with a RON 15,000 yearly funding cap and no leveraged products.
A unanimous 23 October supervisory decision expands XTB’s authorised brokerage activities beyond self-directed execution. The regulator has granted permission, but a commercial service launch is a separate question.
Preliminary Q3 figures show more than 335,000 new clients in the quarter and €12.7bn of client assets at September’s end.
Higher earnings per CFD lot helped the broker grow year-on-year profit. The figures also show why expanding investment-account activity and trading revenue need separate measures.
The new service gives 14- to 17-year-olds trading authority while the adult remains the client and asset owner. Its contract and power of attorney explain how investment decisions, money movements and responsibility are divided.
The historic warning separates an unauthorised impersonator from the genuine XTB Limited. Its domain comparison shows how a valid firm name and reference number can be paired with a false contact route.