X-Trade Brokers
 | |
| Private | |
| Industry | Financial Services |
| Founded | 2002 |
| Headquarters |
Warsaw, Poland[1] London, UK[2] |
Key people |
Jakub Zablocki (CEO) Jakub Maly (President) |
| Services | Online Forex trading, CFDs, commodities, indices, options |
| Revenue |
 $81 million (2013)[3] |
|
$26.75 million (2013) | |
Number of employees | 50-139[4] |
| Website |
www |
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]
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 2 "Company Overview of X-Trade Brokers Dom Maklerski S.A.". Bloomberg News. Retrieved 24 May 2015.
- 1 2 "Financial Service Register - 522157 - XTB Limited". Financial Conduct Authority. Retrieved 24 May 2015.
- ↑ Hatzakis, Steven (26 May 2014). "X-Trade Brokers Dom Maklerski’s 2013 Net Income Rebounds to USD 27M (80PLN)". Finance Magnates. Retrieved 24 May 2015.
- ↑ "Working at XTB - Glassdoor". Glassdoor. Retrieved 24 May 2015.
- ↑ "Domy maklerskie" (in Polish). Komisja Nadzoru Finansowego. Retrieved 24 May 2015.
- ↑ "X-Trade Brokers Starts Trading On The Warsaw Stock Exchange". MondoVisione.com. 20 November 2007. Retrieved 24 May 2015.
- ↑ "X-TRADE BROKERS DOM MAKLERSKI (Resolution No. 1066/2014)". Warsaw Stock Exchange. 3 October 2014. Retrieved 24 May 2015.
- ↑ "McLaren and X-trade Brokers announce partnership". F1Technical.net. 9 March 2010. Retrieved 24 May 2015.
- ↑ "XTB and Hilton check out of McLaren livery". PitPass.com. 11 February 2011. Retrieved 24 May 2015.