XTB Group Named Among Top Five Global Brokers - hinesfige1971
According to the Finance Magnates report, XTB was ranked the broker with the fifth most hot live accounts in the fourth quarter of 2020. An impressive achievement for the award-winning forex broker that closed the quarter with its most useful twelvemonth to date.
XTB Listed In Top Five Global Brokers
The Quarterly Intelligence activity Report from Finance Magnates shows XTB took fifth post for the number of active clients using its trading services. Active clients are distinct as those making a minimum of one dealing in the three-month catamenia with XTB boasting 72,346 in the final quarter of the year. This represents a 135% addition on the same quarter in 2019 where the broker ranked 20th for its active customer base.
CEO of the XTB Group, Omar Arnaout, has this to say of the news "1 of the priorities for XTB is to focus on the growing demands of our clients by providing them with the best investment offer – some in terms of instruments, platform and armed service. In the autumn of last year, we introduced an offer that includes commission-free investing in shares dormie to a monthly volume of EUR 100,000; at the same time we are perpetually improving our xStation and xStation Mobile platforms. These activities had a big impact connected our results – in 2020 we acquired over 112,000 recent clients, which is as much as in 2014-2019 combined. We are not deceleration down – in 2021 we want to acquire at to the lowest degree another 120,000 newly clients."
The report breaks down the top five brokers past active accounts:
- IC Markets – 191,000 active accounts
- Plus500 – 185,000 active accounts
- IG Group – 121,000 active accounts
- Attain Capital – 93,000 active accounts
- XTB – 72,000 active accounts
Intelligence Squad Star at Finance Magnates, Sylwester Majewsk, commented "In our Quarterly Intelligence Reports, we publish rankings of the largest brokers in the FX / CFD brokers. In the last after part of 2020, XTB's results attracted special attention – this broker achieved the largest quarterly increase in the total of sporty accounts, which allowed information technology to jump into the top five global brokers. The data shows that the company was able to transform the accrued interest in investing caused by significant food market volatility and attract a large aggroup of investors, actually more than doubling their active accounts base in just a year."
About XTB
The broker offers 2,000+ instruments on its victory xStation 5 and MT4 platforms. Clients tin can patronage CFDs on forex, cryptos, indices, shares, commodities and ETFs. Organized by multiple bodies, including the CySEC and FCA, XTB offers a free moveable trade argus-eyed service along with entree to market analysts.
Prospective traders can opt between the Standardised and In favour of accounts with the last mentioned offering competitive fees in riposte for larger volumes. The factor offers a choice of payment methods, including PayPal and Skrill along with split second deposits. Tight spreads also make it a full alternative for traders looking to thin costs.
While news of XTB Group's growing client base is an impressive deed, it's perhaps unsurprising given its optical maser cente the trading experience all over the last year.
Source: https://www.daytrading.com/xtb-named-among-top-five-global-brokers
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