XTB’s Clients Now Mostly Own Stocks, but CFDs Still Earn 90% of Its Trading Result
By Damian Chmiel
AI summary of the source article
XTB's client assets reached PLN 56.2 billion at the end of September, with stocks and ETFs accounting for 86% of funds. However, CFDs still generated 90.5% of the broker's gross trading result as quarterly profit quadrupled to PLN 213.7 million.
Key facts
- Stocks and ETFs made up 86% of XTB's PLN 56.2 billion in client assets, while open CFDs accounted for 1.3%.
- CFDs generated 90.5% of XTB's gross result on financial instruments in the third quarter, down from 96% in the first half.
- XTB's third-quarter profit quadrupled to PLN 213.7 million, exceeding analyst forecasts.
Source excerpt · Finance Magnates
XTB's clients held PLN 56.2 billion (about $14.2 billion) with the broker at the end of September, according to its preliminary third-quarter report. The total has grown by two-thirds this year. Stocks and exchange -traded funds (ETFs) made up 86% of that money, while open contracts for difference (CFDs) accounted for 1.3%. The revenue split runs the other way. CFDs generated 90.5% of XTB's gross…