Poland based Retail FX and CFDs broker XTB (WSE:XTB) has announced that the company has received a securities agent license in Chile. XTB said that this is a significant milestone for the company as it expands its presence in Latin America.
The license awarded by the Chilean Commission for the Financial Market (CMF) strengthens XTB’s presence in a dynamic region that offers multiple market opportunities for brokerage firms. Thanks to the new license, XTB will now be able to offer investments in international stocks, ETFs, and derivatives.
Omar Arnaout, CEO of XTB said,
“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 who will be onboarded under our new license. This development will be crucial in enhancing our competitive position in the region.”
XTB added that it is now advancing its operational and technological developments to start onboarding the first Chilean clients in the first half of the year. Thanks to XTB’s intuitive app, local investors will have access to simple and efficient investing tools to make their money work for them.
XTB’s expansion in Latin America will continue in 2025 as the company is already advanced in the process of obtaining the necessary licenses in Brazil.
About XTB
XTB is a global fintech company that provides individual investors instant access to financial markets worldwide through an innovative online investing platform and the XTB mobile app. Founded in Poland in 2004, we currently support over 1.36 million customers globally in achieving their investment ambitions.
