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XTB

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Online trading platform for stocks, ETFs, and CFDs.

Warsaw, PolandFounded 2002Fintech
Valuation $4.23B Market cap · 2026
Revenue $500M–1B Latest reported FY
EBITDA $219M Latest reported FY

About XTB

XTB is a global, publicly traded financial technology company providing an online platform for investing and trading. Founded in 2002 in Warsaw, Poland, by Jakub Zabłocki, the firm began as X-Trade and has since grown into a multi-market broker. The company received its brokerage license from the Polish Financial Supervision Authority (KNF) in 2005 and began its international expansion in 2007. It rebranded to XTB Online Trading in 2009 and went public with a listing on the Warsaw Stock Exchange in May 2016. The company serves self-directed retail investors and traders across Europe and other international markets. XTB's business model combines agency and market-maker features, generating revenue primarily from spreads on transactions, with commissions and market-making activities also contributing. While a significant portion of its revenue comes from Contracts for Difference (CFDs), the company has expanded its offerings to attract a broader client base. XTB provides access to over 10,000 financial instruments through its proprietary platform, xStation 5, which is available on web, desktop, and mobile devices. The platform offers trading in real stocks and Exchange-Traded Funds (ETFs) with a 0% commission model up to a certain monthly turnover, after which a small commission applies. Its core offering includes leveraged CFDs on a wide range of assets, including forex, stock indices, commodities, stocks, ETFs, and cryptocurrencies. The xStation platform is known for its user-friendly design, advanced charting tools, and integrated market analysis features, making it suitable for both beginners and experienced traders. Regulated by multiple top-tier authorities, including the KNF, the UK's Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC), XTB operates in more than 13 countries. The company has grown to serve over 2.16 million clients globally by the end of 2025.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2002
Headquarters
Warsaw, Poland
Listing
IPO 2016
Sector
Fintech
Power Law
Unicorn$1–10B valuation tierThoroughbred$100M+ revenue
Employees mapped 690 incl. 13 AI specialists
Founders Hidden — book a demo/100 quality score
Key operators 11 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
20 countries with
team presence
🇵🇱 Poland65.9%
🇫🇷 France2.4%
🇨🇿 Czech Republic2.1%
🇩🇪 Germany1.5%
🇨🇾 Cyprus1.3%
Top 5 of 20 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about XTB on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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