XTB Secures Chile License, Expands in LATAM

XTB secures a Chile license as the company obtains a securities agent license from Chile’s Financial Market Commission (CMF), marking its first regulatory approval in Latin America. This milestone follows recent licenses acquired in Indonesia and the United Arab Emirates (UAE), highlighting the company’s strategic expansion into new markets.

With this approval, XTB is now positioned to offer Chilean investors access to international stocks, ETFs, and derivatives through its digital trading platform. The company anticipates onboarding its first clients in Chile within the first half of 2025. 

CEO Omar Arnaout expressed optimism about the development, emphasizing Chile’s importance in XTB’s global growth strategy. “He noted that Latin America holds significant potential for the retail brokerage market and sees Chile as a crucial component of the company’s long-term vision. XTB’s expansion efforts come as the fintech giant looks beyond its European stronghold, where it has already built a substantial customer base.” 

The company, which currently serves over 1.36 million clients worldwide, is also pursuing regulatory approval in Brazil to further solidify its presence in Latin America. This move aligns with its broader strategy of geographical diversification, a focus that was underscored in its latest report revealing a significant surge in new traders, with around 500,000 new clients onboarded in 2024 alone. 

XTB Secures Chile License, Expands in LATAM

The new license will grant Chilean users access to more than 6,300 financial instruments through XTB’s mobile and online trading platforms. These tools cater to both active traders and long-term investors, offering a comprehensive suite of financial services. The company has been laying the groundwork for its Latin American expansion since 2017 when it established a local subsidiary in the region.

Now, with regulatory approval in hand, XTB will provide a broader range of investment opportunities for Chilean investors. Beyond Latin America, XTB has been accelerating its global expansion. In late 2023, the company obtained regulatory approvals in Indonesia and the UAE, opening doors to both Asian and Middle Eastern markets. 

Arnaout highlighted the significance of these developments, particularly Indonesia’s role as a gateway to broader Asian financial markets. Founded in Poland in 2004, XTB has grown into a major player in the financial technology sector, employing over 1,100 professionals across multiple jurisdictions.

It operates under the oversight of prominent financial regulators, including the UK’s Financial Conduct Authority and Poland’s Financial Supervision Authority. With its latest licensing success in Chile, XTB continues to strengthen its position as a leading global fintech company, offering innovative trading solutions to investors worldwide.

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. 

Also, Check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level!