According to the Finance Magnates report, XTB was ranked the broker with the fifth most active live accounts in the fourth quarter of 2020. An impressive achievement for the award-winning forex broker that closed the quarter with its most profitable year to date.
XTB Listed In Top Five Global Brokers
The Quarterly Intelligence Report from Finance Magnates shows XTB took fifth place for the number of active clients using its trading services. Active clients are defined as those making a minimum of one transaction in the three-month period with XTB boasting 72,346 in the final quarter of the year. This represents a 135% increase 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 “One of the priorities for XTB is to focus on the growing demands of our clients by providing them with the best investment offer – both in terms of instruments, platform and service. In the autumn of last year, we introduced an offer that includes commission-free investing in shares up to a monthly volume of EUR 100,000; at the same time we are constantly improving our xStation and xStation Mobile platforms. These activities had a big impact on our results – in 2020 we acquired over 112,000 new clients, which is as much as in 2014-2019 combined. We are not slowing down – in 2021 we want to acquire at least another 120,000 new clients.”
The report breaks down the top five brokers by active accounts:
- IC Markets – 191,000 active accounts
- Plus500 – 185,000 active accounts
- IG Group – 121,000 active accounts
- GAIN Capital – 93,000 active accounts
- XTB – 72,000 active accounts
Intelligence Team Lead 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 quarter of 2020, XTB’s results attracted special attention – this broker achieved the largest quarterly increase in the number of active accounts, which allowed it to jump into the top five global brokers. The data shows that the company was able to transform the increased interest in investing caused by significant market volatility and attract a large group of investors, actually more than doubling their active accounts base in just a year.”
The broker offers 2,000+ instruments on its award-winning xStation 5 and MT4 platforms. Clients can trade CFDs on forex, cryptos, indices, shares, commodities and ETFs. Regulated by multiple bodies, including the CySEC and FCA, XTB offers a free mobile trade alert service along with access to market analysts.
Prospective traders can choose between the Standard and Pro accounts with the latter offering competitive fees in return for larger volumes. The broker offers a choice of payment methods, including PayPal and Skrill along with instant deposits. Tight spreads also make it a good option for traders looking to reduce costs.
While news of XTB Group’s growing customer base is an impressive feat, it’s perhaps unsurprising given its laser focus on the trading experience over the last year.