XTB Secures Securities Agent License in Chile

XTB secures a securities agent license in Chile, expanding its presence in Latin America. The move allows access to global stocks, ETFs, and derivatives.

Key Points:

• XTB secures a securities agent license in Chile, allowing the company to offer international stocks, ETFs, and derivatives to local investors.
• XTB accelerates its Latin American expansion, with plans to start onboarding Chilean clients in early 2025 and pursue regulatory approval in Brazil.

Poland-based retail FX and CFDs broker XTB (WSE:XTB) has announced the acquisition of a securities agent license from Chile’s Financial Market Commission (CMF), marking a significant milestone in the company’s expansion into the Latin American market. 

This newly obtained license enables XTB to offer Chilean investors access to a diverse range of financial instruments, including international stocks, ETFs, and derivatives, through its digital trading platform. Furthermore, the company plans to onboard its first Chilean clients within the first half of 2025.

XTB Secures Securities Agent License in Chile

Also, Omar Arnaout, CEO of XTB, expressed enthusiasm about the expansion, stating, “As we consider the retail brokerage market beyond Europe, we recognize the immense potential in Latin America. Chile stands out as a key player in XTB‘s global growth vision, and I eagerly anticipate welcoming many new clients as we onboard them under our new license. This development will be crucial in enhancing our competitive position in the region.” 

Additionally, this move aligns with XTB‘s strategic focus on geographic diversification. In late 2024, the company received regulatory approvals to operate in Indonesia and the United Arab Emirates, expanding its reach into Asian and Middle Eastern markets. 

Founded in Poland in 2002, XTB has grown into a global fintech company, providing individual investors instant access to worldwide financial markets through its innovative online investing platform and mobile app. Moreover, as of 2023, the company supports over 1.36 million customers globally. 

Expanding into Chile is part of XTB‘s broader strategy to establish a strong presence in Latin America. The company is also obtaining the necessary licenses to operate in Brazil, with plans to continue its growth in the region throughout 2025. 

With the new license in Chile, XTB aims to provide local investors access to over 6,300 financial instruments through its user-friendly mobile app and online platform, catering to both active trading and passive investment strategies. 

As XTB continues expanding its global footprint, its commitment to offering comprehensive and accessible investment solutions remains at the forefront of its mission.

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