XTB Expands into Indonesia and UAE Markets

XTB expands into Indonesia and UAE markets with key regulatory approvals, marking significant growth beyond its European base. The company’s growth strategy aims to strengthen its international presence, particularly in the rapidly developing Asian and Middle Eastern markets. 

In Indonesia, XTB’s subsidiary, XTB Indonesia Berjangka, has been granted a PALN license by the country’s financial regulator, Bappebti. This approval allows the firm to offer a range of investment services, including stocks and exchange-traded funds (ETFs), to Indonesian residents. 

XTB plans to launch its operations in Indonesia by the first half of 2025. CEO Omar Arnaout is enthusiastic about this milestone, noting that months of organizational, regulatory, and technological preparations have prepared the company to enter the market, which boasts a population comparable to the European Union. 

XTB Expands into Indonesia and UAE Markets

In March, XTB also acquired Indonesian broker Eagle Capital Futures, further strengthening its entry into the country and positioning it as a “gateway to Asia.” Meanwhile, XTB received a Category 5 license from the UAE Securities and Commodities Authority (SCA) in the UAEXTB expands into Indonesia UAE, expanding its regional operational capabilities. 

The firm has been operating in the UAE since 2021 under a license from the Dubai Financial Services Authority (DFSA). The new approval enables XTB to establish operations outside Dubai’s special economic zone and expand its service offerings across the broader UAE market. 

The company has already introduced new financial products in the region, such as ETF Investment Plans, which are contributing to significant growth. XTB’s Middle East operations saw a 44.7% increase in operating revenue during Q3 2024, reflecting the success of these initiatives. Additionally, XTB is set to introduce a virtual wallet with multi-currency card functionality in Poland by Q1 2025 as part of its ongoing efforts to expand its product offerings. The company plans to share more strategic developments early next year, signaling a continued focus on growth in international markets.

Getting to Know the Stock Broker 

• XTB is a top global brokerage for Forex and CFDs. 
• The FCA and KNF regulate it. 
• Known for reliability and excellent customer support. 
• Also, it offers extensive educational resources and research. 

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