XTB has obtained approval to supply CFDs in Indonesia and expects to introduce the product inside weeks, CEO Omar Arnaout stated in an interview printed Thursday. The authorization broadens an present native operation that had targeted on shares and exchange-traded funds.
Arnaout disclosed the timetable in an interview with Polish-language YouTube channel Comparic. Solely minor operational work stays earlier than XTB can “formally begin inside a number of weeks,” he stated in feedback translated from Polish by FinanceMagnates.com.
Warsaw-listed XTB entered Indonesia by way of the acquisition of a 90% stake in Eagle Capital Futures, accomplished in January 2024.
Its native subsidiary later obtained approval tied to shares and ETFs, with XTB initially concentrating on a 2025 launch.
Indonesia Strikes Past Its Trial Part
The CFD license provides a higher-revenue product to a market the place XTB has struggled with low deposits and restricted model recognition. In an earlier Comparic interview, Arnaout stated Indonesia had six months to show that it deserved assets alongside Europe, the United Arab Emirates and South America.
That evaluation adopted a blended begin. Indonesia produced XTB’s quickest first 1,000 accounts, however the CEO stated the economics remained unsure and that he most well-liked assigning know-how assets to Germany and the UAE. FinanceMagnates.com reported these feedback in March.
Arnaout now says XTB lately obtained the CFD authorization and has no additional licensing or geographic growth deliberate. The corporate will focus on its present markets, together with Indonesia, Chile, the Gulf area and a number of other European international locations.
Plus500 and Doo Monetary Goal the Similar Market
XTB is including CFDs as different worldwide brokers construct regionally regulated Indonesian companies. In December 2025, Plus500 acquired World Intra Berjangka, a Bappebti-regulated dealer that had stopped onboarding purchasers in 2023, and started providing providers by way of an area web site.
Doo Monetary took a licensing route. Its Indonesian subsidiary obtained a futures brokerage license and approval to take part within the nation’s different buying and selling system in December 2024. The permits cowl futures, CFDs and over-the-counter merchandise, in line with the sooner Finance Magnates report.
The native competitors issues as a result of CFDs stay XTB’s essential earnings supply. They generated PLN 1.98 billion, or about 96%, of the corporate’s gross outcome from monetary devices within the first half of 2026. XTB however acquired 703,333 purchasers as shares, ETFs and Funding Plans accounted for 82.9% of first transactions by new European Union purchasers.
XTB Targets the No. 2 Place in France
In the identical Comparic interview, Arnaout set a goal for France. If the present tempo continues, he expects XTB to be the “second hottest funding app in France” by the top of 2026. He didn’t establish the information supplier or methodology behind that rating.
XTB has expanded each its merchandise and advertising and marketing in France. The corporate launched tax-advantaged PEA accounts in April 2025, whereas its French consumer base grew 50% throughout that 12 months, in line with the agency. It later prolonged its US choices providing to France in Might 2026.
The dealer has additionally elevated model spending within the nation, together with a sponsorship settlement with Paris La Défense Area introduced in March. The venue deal was XTB’s largest French branding dedication on the time, in line with the agency.
A European Promotion Is Coming
With out giving product or pricing particulars, Arnaout stated within the YouTube interview that XTB is making ready a promotional marketing campaign throughout a number of European markets. He put the anticipated timing at “from three to 6 weeks” and stated the supply could be a shock in a number of international locations.
Germany and France will obtain the biggest improve in advertising and marketing consideration over the approaching years as a result of each can match Poland’s income potential, Arnaout stated. XTB has already dedicated to spending extra on advertising and marketing in Germany than in Poland this 12 months.
Arnaout stated the longer-term goal is to construct “the largest funding app within the EU.” XTB doesn’t plan to hunt further geographic licenses for now.
This text was written by Damian Chmiel at www.financemagnates.com.
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