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X-Trade Brokers

X-Trade Brokers

XTB (X-Trade Brokers) is a European brokerage house offering trading in financial derivatives.

Founded in 2002, the company is now established in more than 15 countries in Europe, South America and Asia.

It provides environment for trading and investing in over-the-counter derivatives on Forex, commodities, indices, equity CFDs, and options. XTB is operated by X-Trade Brokers Dom Maklerski S.A. based in Warsaw, Poland; [1] its representative company, XTB Limited, is based in London, United Kingdom, and is regulated by the Financial Conduct Authority. [2]

X-Trade Brokers Dom Maklerski S.A.
Private
IndustryFinancial Services
Founded2002
HeadquartersWarsaw, Poland[1]London, UK[2]
Key people
Jakub Zablocki (CEO) Jakub Maly (President)
ServicesOnline Forex trading, CFDs, commodities, indices, options
Revenue[[INLINE_IMAGE|https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png|//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x|Increase|h11|w11]] $81 million (2013)[3]
Net income
[[INLINE_IMAGE|https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png|//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x|Increase|h11|w11]] $26.75 million (2013)
Number of employees
50-139[4]
Websitewww.xtb.com

History

In 2002, X-Trade was incorporated as the first leveraged foreign exchange (Forex) brokerage house on the Polish market.

In 2004, X-Trade Brokers was set up in order to comply with the new financial market law which came into force in Poland to better regulate the brokerage activity.

In the same year, X-Trade merged into XTB.

In November 2005, XTB was authorized by KNF (Polish Financial Supervision Authority) to offer brokerage services on all financial products. [5]

In June 2007, XTB became a member of the Warsaw Stock Exchange. [6] The same year, XTB opened its first foreign branch in Czech Republic. In total, XTB provides its services in 15 EU countries (Poland, Germany, Spain, Portugal, France, Czech Republic, Italy, Romania, Slovakia, Hungary, Netherlands, Austria, Sweden, Belgium, Greece, Bulgaria).

In 2009, XTB received the 2nd award as the Best Equity Broker in Poland by Forbes magazine.

In October 2014, ceased operating in the Warsaw Stock Exchange.

[7]

Trading platforms

XTB currently offers two trading platforms and a set of API that can be used by the clients:

  • xStation with its desktop, web-based and mobile versions.

  • MetaTrader 4 developed by MetaQuotes Software.

  • xAPI — a set of API for automated trading based on JSON that allows to code in almost any language.

Sponsorship

In March 2010, XTB officially announced its partnership with the Vodafone McLaren Mercedes Formula One team. Its logo appeared on the overalls of 2008 World Champion Lewis Hamilton and 2009 World Champion Jenson Button. [8] [9]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Jul 15, 2016, 2:11 PM
[2]
Citation Linkbloomberg.com"Company Overview of X-Trade Brokers Dom Maklerski S.A."
Jul 15, 2016, 2:11 PM
[3]
Citation Linkwww.fsa.gov.uk"Financial Service Register - 522157 - XTB Limited"
Jul 15, 2016, 2:11 PM
[4]
Citation Linkfinancemagnates.com"X-Trade Brokers Dom Maklerski’s 2013 Net Income Rebounds to USD 27M (80PLN)"
Jul 15, 2016, 2:11 PM
[5]
Citation Linkglassdoor.com"Working at XTB - Glassdoor"
Jul 15, 2016, 2:11 PM
[6]
Citation Linkwww.knf.gov.pl"Domy maklerskie"
Jul 15, 2016, 2:11 PM
[7]
Citation Linkmondovisione.com"X-Trade Brokers Starts Trading On The Warsaw Stock Exchange"
Jul 15, 2016, 2:11 PM
[8]
Citation Linkgpw.pl"X-TRADE BROKERS DOM MAKLERSKI (Resolution No.1066/2014)"
Jul 15, 2016, 2:11 PM
[9]
Citation Linkf1technical.net"McLaren and X-trade Brokers announce partnership"
Jul 15, 2016, 2:11 PM
[10]
Citation Linkpitpass.com"XTB and Hilton check out of McLaren livery"
Jul 15, 2016, 2:11 PM