XTB has kicked off 2025 with a record-breaking first quarter, reporting $155 million in revenue, its highest quarterly figure to date. The surge was powered by sharp increases in trading volumes and a historic spike in new client acquisitions.
However, profit remained stable as the broker increased spending on global expansion, marketing, and technology. While margins held steady, the results highlight XTB’s continued push to scale its platform and capture a growing share of the global online trading market.
XTB Achieves Highest-Ever Q1 Revenue at $155M in 2025
The $155 million revenue in the first quarter of 2025 marks its highest quarterly revenue, underscoring its growing foothold in the global CFD and forex trading space. The Warsaw-listed broker (WSE:XTB) continues to expand its product offering and geographic reach, positioning itself as a modern multi-asset platform targeting retail investors worldwide.
Trading Activity Surge Fuels XTB’s Revenue Boost
XTB’s revenue growth was fuelled by a 25% increase in CFD volume in lots compared to last year’s quarter. Total CFD volume reached nearly 1.91 million lots, while nominal volume hit $937.9 billion, a 61% rise YoY.
Index and Commodity CFDs Fuel Majority of XTB Revenue
Index-based CFDs were the biggest revenue contributors in Q1, making up 52.3% of total revenue, thanks in part to trading on the German DAX (DE40) and US 100 indices.
Commodity CFDs, including natural gas, gold, and coffee, accounted for 29.1%, while currency-based CFDs contributed 13.5%. Crypto CFDs like Bitcoin and Ripple were among the top performers in the currency segment.
Rising Costs Offset Revenue Gains, Keeping XTB Margins Flat
Although revenue growth was strong, net profit growth was limited due to a significant rise in expenses. Operating costs for Q1 2025 reached $83.6 million, up from $70 million in Q4 and $54 million a year earlier.
Marketing Push and Team Expansion Drive Up XTB Costs
Marketing spend soared to $37 million, up nearly 74% YoY, driven by aggressive campaigns in Poland and Europe. XTB also grew its workforce, leading to a 30% increase in salary and benefits compared to Q1 2024. Commission fees to payment providers also climbed, reflecting increased user deposits.
Tech and Branding Spend Reflects XTB’s Global Ambitions
The expense uptick is part of a broader strategy. XTB is investing in a global brand footprint, expanding into markets like Brazil and Indonesia, and improving its tech stack.
New product rollouts, such as the eWallet service and a multi-currency payment card, are intended to boost retention and platform usage. In Q1, the Product and Technology Department employed over 520 people, accounting for $15 million in costs.
Client Growth Hits Peak as XTB Onboards 194K in One Quarter
XTB reached a new milestone in Q1 2025 by adding the most users in a quarter in its history. With total client numbers exceeding 1.5 million and a 76% jump in active users, XTB is cementing its position as a leading destination for retail traders seeking access to global markets.
XTB Onboards Over 194,000 New Clients in Q1 2025
XTB onboarded 194,304 new clients in Q1 2025, the highest in company history and a 49.8% increase YoY. This brings the total clients to over 1.54 million. The growth is credited mainly to aggressive online and offline marketing, including television and outdoor campaigns across key European markets.
XTB Sees 76% YoY Spike in Active Traders
The number of active clients jumped to 735,389, up 76.5% from Q1 2024. These clients performed at least one transaction, held an open position, or maintained a balance during the period. The average cost per acquired client remained stable at $185, suggesting improved campaign efficiency at scale.
Why XTB is Popular Amongst UK Traders & Investors
UK investors are turning to XTB for its commission-free stock trading, competitive spreads on forex and CFD products, and the simplicity of its xStation platform.
Adding tax-friendly products like ISAs and upcoming crypto trading support makes it a well-rounded choice for traders and long-term investors. Diversifying into global ETFs, shares, and commodities with a single app is especially appealing in the current climate.
Your Step-by-Step Guide to Using XTB in 2025
Opening an account with XTB in the UK is a simple process. Here’s how:
- Visit the XTB Website: Head to the XTB website and select “Open Account.”
- Submit Verification: Upload proof of ID and residence.
- Deposit Funds: Fund your account using a bank transfer or supported cards.
- Start Trading: Access hundreds of CFDs, ETFs, and shares instantly via xStation.
UK users can also explore the mobile app to manage investments on the go, utilize advanced charting tools, or switch between demo and live accounts for testing strategies.
Final Thoughts: Is XTB the Right Broker for You?
XTB’s Q1 2025 results show a company in rapid growth mode, scaling its user base, broadening its product portfolio, and reinforcing its brand in new markets. While rising costs have capped short-term profitability, they align with a long-term strategy to dominate the retail investment space across Europe and beyond.
For traders and investors looking for a platform that merges traditional instruments with new-age features, XTB offers a compelling case. Its strong balance sheet, strategic focus, and expanding toolkit make it a strong contender in the retail trading arena.
FAQs
Yes, XTB is fully regulated in the UK by the Financial Conduct Authority (FCA).
Client funds are held in segregated accounts and protected under FCA rules, adding a layer of safety.
With over 1.5 million clients and operations in multiple countries, XTB is considered a trustworthy broker with solid regulatory backing.
XTB ranks among the top brokers in the UK, especially for users seeking access to global markets, low-cost trading, and a user-friendly platform.
No, forex trading is legal and regulated in the UK. Platforms like XTB operate under FCA oversight.
Log in to your account, go to the “Withdraw” section, and select your preferred method. Most withdrawals are processed within one business day.
